introduction to management
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This chapter introduces management concepts and the functions of management. It defines management as attaining organizational goals efficiently and effectively through planning, organizing, staffing, directing, and controlling resources. It discusses management approaches like management by objectives and lists the characteristics, definitions, concepts, steps, and benefits of management. The key functions of management are identified as planning, organizing, staffing, directing, and controlling.
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introduction to management
- 2. Objectives of the chapter Understanding management concepts Characteristics of management Functions of management
- 3. MANAGEMENT Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, staffing, directing and controlling organizational resources. Organizational resources include men(human beings), money, machines and materials.
- 4. Definitions Louis E Boone & David L Kurtz- The use of people and other resources to accomplish objectives. Mary Parker Follet- the act of getting things done through people. Frederick Taylor defines Management as the art of knowing what you want to do in the best and cheapest way.
- 5. Characteristics Management is a distinct process. Management is an organized activity Management aims at the accomplishment of predetermined objectives. Management is both a science and an art. Management is a group activity Management principles are universal in nature Management integrates human and other resources.
- 6. Concept of management- Raymond G. Leon Management by Communication Management by Systems Management by Results Management by Participation Management by Motivation Management by Exception Management by Objectives
- 7. Steps in MBO management by objective To establish long-term and short-tem organizational goals To establish long-term and short-term objectives for each manager [each department] , clarifying the key performance standards Periodic review of performance [feedback] Encouraging managers to accept responsibility
- 8. Benefits of MBO The need for planning will be recognized It provides for objectives and accountability for performance It encourages participative management It helps in job enrichment It provides for a good feedback system
- 9. FEATURES Management involves five functions These functions are organised to achieve organisational goals. Management involves effective and efficient use of resources
- 11. FUNCTIONS OF MANAGEMENT PLANNING ORGANIZING STAFFING DIRECTING CONTROLLING