2. Objectives
What is Management?
Why Management is Needed?
Why Study Management?
Who are Managers?
What do Managers Do?
3. What is Management?
Management is the process of achieving goals
and objectives effectively and efficiently
through and with the people.
• "Management is a process of designing and
maintaining an environment in which individuals
work together in groups to effectively and
efficiently accomplish selected aims".
4. Management is the art of “knowing what you
want to do” and then seeing that it is done in
the best and cheapest way.
……F.W.Taylor
Management as a process “consisting of
planning, organizing, actuating and controlling,
performed to determine and accomplish the
objective by the use of people and resources.”
……George R. Terry
5. In this definition,
Planning means Plan in advance.
Organizing means coordination between human
resources and material resources.
Actuating means motivation and giving direction
to subordinate.
Controlling means to ensure about
implementation of plan without deviation.
Thus this definition tells that management is act
of achieving the organization objectives.
7. Management involves coordinating and overseeing the
work activities of others so that their activities are
completed efficiently and effectively.
Efficiency
A measure of how well or productively resources are
used to achieve a goal.
concerned with means
Achieving the objectives in time
Effectiveness
A measure of the appropriateness of the goals an
organization is pursuing and the degree to which they are
achieved.
concerned with ends
Achieving the objectives on time
10. Why Management is Needed?
Who need management?
Company (bussiness)
All types of organization
All activities
Why management is needed?
1. To achieve organization’s purposes
2. To maintain a balance between the objectives
of conflicting
3. To increase productivity, effectiveness and
efficiency
11. Why Study Management?
The Value of Studying Management
The universality of management
Good management is needed in all organizations.
The reality of work
Employees either manage or are managed.
Rewards and challenges of being a manager
Management offers challenging, exciting and creative
opportunities for meaningful and fulfilling work.
Successful managers receive significant monetary
rewards for their efforts.
12. Proper management directly impacts
improvements in the well-being of a society.
Studying management helps people to
understand what management is and prepares
them accomplish managerial activities in their
organizations.
Studying management opens a path to a well-
paying job and a satisfying career.
...... G.R Jones (2004)
13. IMPORTANCE OF
MANGEMENT
Management is critical element in the
critical growth of the country.
Management is essential in all organized
effort, be it business activity or any other
activity.
Management is the dynamic, life giving
element in every organization.
14. Management: Science or Art?
Science is a collection of systematic knowledge, collection
of truths and inferences after continuous study and
experiments. It has fundamental principles discovered.
Art uses the known rules and principles and uses the skill,
expertise, wisdom, experience to achieve the desired
result.
Management is both art and science.
Management has got two faces like a coin; on one side it is
art and on the other it is science. Management has got
scientific principles which constitute the elements of
Science and Skills and talent which are attributes of Art.
15. Who are Managers?
Manager
Someone who coordinates and oversees the work
of other people so that organizational goals can be
accomplished.
The people responsible for supervising the use of
an organization’s resources to meet its goals
Resources are organizational assets
People Skills Knowledge
Information
Raw materials Machinery Financial capital
16. Types of Managers
Can be classified based on:
Levels:
* Top Manager
* Middle Manager
* Lower Manager
Responsibility in organization:
* General Manager
* Functional Manager
17. Write for 10 minutes for what
you have learned and your
interpretation of the
information we have
discussed