2. WHAT IS MANAGEMENT ?
Management is defined as the planning, leading, organizing and controlling of
human and other resources to achieve the organizational goals efficiently and
effectively.
4. CHARACTERISTICS OF MANAGEMENT
➢Management is an organized activity.
➢Management is a combination of science and art.
➢Management is a group activity.
➢Principles of management are universal in nature.
➢Management integrates human and other resources.
5. IMPORTANCE OF MANAGEMENT
➢Optimum utilization of resources
➢Human development
➢Stability
➢Achievement of group goals
➢Fulfillment of social obligations
7. FUNCTIONS OF MANAGEMENT- Planning
The primary function of management is planning. Planning is the process of
identifying and selecting appropriate goals and course of action in an organization.
Planning is about deciding in advance, what is to be done, when is to be done and by
whom it is to be done.
8. FUNCTIONS OF MANAGEMENT- ORGANIZING
The next step after planning is organizing.
➔Organizing of people involves grouping of people into different departments
according to their job-specific task.
➔In organizing, managers lay out lines of authority and responsibility.
➔Organizing is about delegating authority to different people at different levels.
9. Leading consists of the following steps:
1. Issuing orders and instructions.
2. Creating willingness to work (motivation).
3. Communicating with employees.
4. Supervision of work.
5. Leadership qualities to influence the behavior of other employees.
FUNCTIONS OF MANAGEMENT- LEADING
10. Controlling consist of :
1. Establishment of standards for measurement of performance.
2. Analyzing the performance and comparing with standard.
3. Finding the reasons for variation among different employee’s performance.
4. Taking corrective action for the fulfillment of goals.
FUNCTIONS OF MANAGEMENT- CONTROLLING
11. WHY STUDY MANAGEMENT ?
❏ It encourages innovation
❏ It facilitates growth and expansion
❏ It improves life of employees
❏ Motivation of employees
❏ Optimum use of resources
❏ Increase efficiency
12. DIFFERENT LEVELS OF MANAGEMENT
There are various levels of management.
❖First line managers
❖Middle managers
❖Top managers
13. FIRST LINE MANAGERS
First line managers are responsible for daily supervision of the non-managerial
employees who perform activities to produce goods and services.
14. MIDDLE MANAGERS
Middle managers supervise the first line managers and they are responsible for
finding the best way to organize human resources to achieve the organizational
goals.
15. TOP MANAGERS
➔Top managers are on the top and they are responsible for the performance of all
departments.
➔They are responsible for the setting up the establishment of organizational
goals and monitor middle managers.
➔They decide the mode and way of interaction between different departments.
➔The success or failure of an organization is ultimately depends on them.
17. MANAGERIAL SKILLS - TECHNICAL SKILLS
The ability and knowledge to make efficient use of technique or technology is known
as technical skills. For example: engineer or accountant.
18. MANAGERIAL SKILLS - HUMAN SKILLS
Human skills is an individual ability to cooperate with other members of the
organization and work in team.
19. MANAGERIAL SKILLS - CONCEPTUAL SKILLS
Conceptual skill is the ability of an individual to analyze complex situations and
interpretation of the available information.
