The document outlines the principles of management, defining management as both an art and a science aimed at achieving organizational goals through planning, organizing, staffing, directing, and controlling. It highlights the characteristics and functions of management, along with the distinction between administration and management. The importance of effective management in achieving group goals and maximizing profit in a business context is emphasized.

1. MODERN INSTITUTE OF ENGINEERING AND TECHNOLOGY
NAME- ARKA SAHOO
ROLL NO-26900321025
DEPT- ECE
4TH
YEAR, 7TH
SEMESTER
SUBJECT- PRINCIPLES OF MANAGEMENT
PAPER CODE- HS-HU701

2. Objectives
• Understand the Meaning and the definitions of
Management
• Features of , Functions and importance of
management
• Know and Understand the relation between
Administration and Management

3. Introduction
• With the increasing complexities, managing the
business concern becomes difficult.
• Every business unit has objectives of its own.
• The need of existence has increased
tremendously.

4. Meaning Of Management
• Meaning of Management:
– Management is the art of getting things done by a
group of people with the effective utilization of
available resources

5. Definition of
Management
• Joseph L. Massie: Management is the process by
which a cooperative group directs actions
towards common goal
• James D. Monny: Management is the art of
directing and inspiring the people

6. Definition of
Management
• G.E. Millward: Management is the process and
the agency through which execution of policy is
planed and supervised
• Management is the process consisting the
functions of:
– Planning
– Organizing
– Staffing

7. Characteristics of
Management
Organizatio
n
purpose
Structure
Organizations are made up of
people. Making a goal into
reality entirely depends on
people’s
decisions and activities in the
organization.
Every organization has its distinct
purpose, which is typically
expressed in terms of a goal or
set of goals.
All organizations develop
a systematic structure
that defines and limits the
behavior of its members.
Three common characteristics of the organization
People

8. Characteristics of
Management
• Art as well as Science
• Management is an activity
• A continuous Process
• Management achieving Pre-defined objectives

9. Characteristics of
Management
• Organized Activities
• Management is a Factor of Production

10. Characteristics of
Management
• Management as system of activity
• Management is a discipline

11. Characteristics of
Management
• Management is a purposeful activity
• Management is a distinct entity
• Management aims at maximizing profit
• Decision making
• Management is a profession

12. Characteristics of
Management
• Universal Application
• Management is getting things done
• Management as a class of a team
• Management as a career

13. Characteristics of
Management
• Direction and control
• Dynamics
• Management is needed at all levels
• Leadership activity

14. Functions of
Management
Planning Organizing Leading
1.Defining goals 1.Determining 1.Directing
what needs to 2.Motivating
Controlling
Monitoring
activities to
ensure that
they are
all involved
parties
3.Resolving
conflicts
accomplished
as planned
2.Establishing
strategy
3.Developing
sub plans
coordinate
activities
done
2.How it will
be to done
3.who is to do
it
Resulting in
Achieving the
organization’s
stated purpose

15. Functions of
Management
• Planning:
– Primary function of Management
– specifying the goals to be achieved and deciding in
advance the appropriate actions taken to achieve
those goals
– delivering strategic value - planning function for
the new era
• a dynamic process in which the organization uses the
brains of its members and of stakeholders to identify
opportunities to maintain and increase competitive
advantage
•

16. Functions of
Management
• Organizing:
– Distribution of work in Group wise or section wise
for effective performance.
– Assembling and coordinating the human, financial,
physical, informational, and other resources needed
to achieve goals
– The future requires building flexible organizations

17. Functions of
Management
• Staffing:
– Activities of selection and placement of competent
personnel.
– Filling and keeping filled with qualified people all
positions in the business.
– Managers must be good at mobilizing people to
contribute their ideas

18. Functions of
Management
• Directing:
– The actual performance of a work starts with this.
– Stimulating people to be high performers.
– Influencing people's behavior through motivation,
communication, group dynamics, leadership and
discipline.

19. Functions of
Management
• Co-coordinating :
– All the activities are divided group wise or section
wise under organizing function
– Such activities are co-ordinated towards the
accomplishment of objectives of the organization.
– monitors progress and implements necessary
changes
– makes sure that goals are met
– new technology makes it possible to achieve more
effective controls

20. Functions of
Management
• Motivating or actuating:
– All the goals are achieved
– Increasing the speed of performance

21. Functions of
Management
• Controlling:
– Ensures the confirmation of the achieved objectives
to preplanned objectives

22. Functions of
Management
• Innovation:
– The presentation of personnel and organization to
face the changes made in the business world
• Representation:
– Manager is the representative of the company
• Decision-making:
– Helps in the smooth functioning of an
organization

23. Functions of
Management
• Communication:
– The transmission of human thoughts
• Classification of functions of management
according to Luther Gullik
– POSDCORB

24. Importance of
Management
• Management meet the challenges of change
• Accomplishment of group goals
• Effective utilization of business

25. Importance of
Management
• Effective functioning of business
• Resource development
• Sound organization structure

26. Importance of
Management
• Management directs the organization
• Integrates the various interests
• Stability

27. Importance of
Management
• Innovation
• Co-ordination and team-spirit
• Tackling problems
• A tool for personality development

28. Administration &
Management
Board of Directors
General Managers
Supervisor
Workers
Administration
Department Manager
Management
Top Level

29. Difference between
Administration &
Management
• Oliver Sheldon: Administration is concerned with
the determination of the corporate policy.
Management is concerned with the execution of
policy within the limits set up by administration
• William R. Spiregal: Administration is concerned
with overall determination of industrial
objectives. Management is concerned with
carrying out of the broad policies laid down by
administration

30. Difference between
Administration &
Management
• E.F.L. Brech: Management is a social process
entailing responsibilities for the effective and
economical planning. Administration is a part of
management concerned with installation and
carrying out of he procedures.
• Theo Heimann: each manager performs both
activities and spends part of his time
administrating and part of the time managing.

31. Difference between
Administration &
Management
S. No. Basis of
distinction
Administration Management
1. Policy and objectives Determines policy to be
followed and decide the
objectives to be achieved
Implements the policy and
achieves the objectives
2. Directing of human
efforts
Not directly involves in the
execution of plan and
achievements of objectives
Directly involves in the execution
of plan and achieving objectives
3. Main function Planning organizing and staffing Direction, motivation and
4. Levels of executives Top level executives Lower level executives
5. Position Acts as a Principal Acts as an agency
6. Knowledge Requires administrative ability
more that technical ability
Requires technical ability more
that administrative ability

32. Summary
• A business develops in course of time with
complexity
• Management aims at maximizing profit
• Many times the terms administration and
management are used synonymously

33. THANK YOU