This document discusses the definition and characteristics of management. It begins by quoting Peter Drucker about the importance and quick acceptance of management as a new social institution. It then defines management as the process of coordinating human efforts to achieve organizational goals through planning, organizing, controlling and other activities. Some key characteristics of management are that it uses economic resources in a goal-oriented way, involves distinct processes, integrates efforts across the organization, operates through a system of authority, and takes a multidisciplinary approach with universal application.

1. By Smruti R. Behera

2. By Smruti R. Behera

3. PREFACE
Lesson Structure:
1.1 Introduction
1.2 Definition of Management
1.3 Characteristics of Management

4. "Peter F. Drucker has stated in his famous book "The Practice
of Management" that, "the emergence of management as an
essential, a distinct and leading social institution is a pivotal
event in social history. Rarely in human history has a new
institution proved indispensable so quickly and even less often
as a new institution arrived with so little opposition, so little
disturbance and so little controversy?"

5. INTRODUCTION
A business develops in course of time with complexities making tasks difficult which
leads to increasing need of management in this competitive era. It is essential not
only for business but also for banks ,schools, hospitals ,hotels , religious bodies,
charitable trust etc., any business unit.
Every business unit has some objectives of its own. These objectives can be achieved
with the coordinated efforts of several personnel. The work of a number of persons
co-ordinating in an organised manner to achieve the objectives through the process
called management which regulates man's productive activities through
coordinated use of material resources. Without the leadership provided by
management, the resources of production remain resources .
“Management is not unique for any organizations but common to all kinds of social
organizations”

6. Definition of Management
 According to Mc Farland, "Management is defined for conceptual,
theoretical and analytical purposes as that process by which managers
create, direct, maintain and operate purposive organization through
systematic, co-ordinated co-operative human effort."
 Harold Koontz says, "Management is the art of getting things done
through and within formally organized group”
 So management is basically the sum total of all the activities like planning
,organising ,implementing, controlling and review

7. Characteristics of Management
 Economic Resource
 Goal Oriented
 Distinct Process
 Integrative Force
 System of Authority
 Multi-disciplinary Subject
 Universal Application

8. CAPITAL LAND
RAW MATERIAL
LABOUR
GOAL ORIENTED
DISTINCT PROCESS
ECONOMIC RESOURCES

9. INTEGRITY
MULTI-DISCIPLINARY
SYSTEM OF AUTHORITY

10. THANK YOU
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