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Nature and
significance of
Management
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
“ Management is establishing an effective
environment for people operating in formal
operational groups”
Koontz and O’Donnell
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
• Management is the process of getting things
done with the aim of achieving goals
effectively and efficiently .
• PROCESS
• EFFECTIVENESS
• EFFICIANCY
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
• Process – Planning, organizing, staffing,
directing and controlling
• Effectiveness – doing the right task in a given
time
• Efficiency – Minimum cost , Minimum
resources
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Characteristics /Features of
Management
• Management is a Goal oriented process
• Management is Continuous process
• Management is a Dynamic function
• Management is an Intangible force
• Management is a Group activity
• Management is Multidimensional
Goal is the continuous, dynamic and intangible of
multidimensional group
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Objectives of Management
• Organizational or Economic objective -
Survival, Profit , Growth
• Social objective
• Personal objective-
Financial needs
Social needs
Higher level needs
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Importance of Management
• Management increases efficiency
• Management helps in the development of the
society
• Management helps in achieving group goals
• Management creates a dynamic organisation
• Management helps in achieving personal
objectives
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Levels of Management
• Top level Management
 To coordinate the activities of different departments
 To be responsible for welfare and survival of the
organization
 To analyze the business environment and its
implications for the survival of the firm
 To formulate overall organizational goals and strategies
for their achievement
 To be responsible of all the activities of the business
and for its impact on the society
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
• Middle level management
To interpret the policies framed by top
management
To ensure that their department has the
necessary personnal
To assign necessary duties and responsibilites
To motivate employees of their respective
department to achive the desired objectives
To cooperate with other departments
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
• Operational or supervisory management
To oversee the efforts of the workforce
To pass on the instruction of the middle
management to the workers
To ensure that the quality of output is
maintained
To ensure safety standards are maintained.
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Management is an Art
• Existence of theoretical knowledge
• Personalized application
• Based on continuous practice and creativity
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Management as a science
• Systematized body of knowledge
• Principles based on observation and
experimentation
• Universal validity
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
• Management is both an art and a science …
you know why?
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Management as a Profession
• Well – defined body of knowledge
• Restricted entry (this feature of profession is
not present in management)
• Professional association (presently this feature
of profession is not present in management)
• Ethical code of conduct
• Service motive
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Coordination
(the essence of Management)
• It is the process by which a manager
synchronises the activities of different
department is called coordination.
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Characteristics of coordination
• Coordination integrates group efforts
• Coordination ensures unity of action
• Coordination is a continuous process
• Coordination is a pervasive function
• Coordination is the responsibility of all
managers
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Need and importance of Coordination
• Growth in size
• Individuals differ in their habits of work
• Functional differentiation
• Specialization
• Essence of managemnet .
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
Madan Kumar
M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,

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Nature and significance of management

  • 1. Nature and significance of Management Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 2. “ Management is establishing an effective environment for people operating in formal operational groups” Koontz and O’Donnell Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 3. • Management is the process of getting things done with the aim of achieving goals effectively and efficiently . • PROCESS • EFFECTIVENESS • EFFICIANCY Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 4. • Process – Planning, organizing, staffing, directing and controlling • Effectiveness – doing the right task in a given time • Efficiency – Minimum cost , Minimum resources Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 5. Characteristics /Features of Management • Management is a Goal oriented process • Management is Continuous process • Management is a Dynamic function • Management is an Intangible force • Management is a Group activity • Management is Multidimensional Goal is the continuous, dynamic and intangible of multidimensional group Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 6. Objectives of Management • Organizational or Economic objective - Survival, Profit , Growth • Social objective • Personal objective- Financial needs Social needs Higher level needs Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 7. Importance of Management • Management increases efficiency • Management helps in the development of the society • Management helps in achieving group goals • Management creates a dynamic organisation • Management helps in achieving personal objectives Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 8. Levels of Management • Top level Management  To coordinate the activities of different departments  To be responsible for welfare and survival of the organization  To analyze the business environment and its implications for the survival of the firm  To formulate overall organizational goals and strategies for their achievement  To be responsible of all the activities of the business and for its impact on the society Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 9. • Middle level management To interpret the policies framed by top management To ensure that their department has the necessary personnal To assign necessary duties and responsibilites To motivate employees of their respective department to achive the desired objectives To cooperate with other departments Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 10. • Operational or supervisory management To oversee the efforts of the workforce To pass on the instruction of the middle management to the workers To ensure that the quality of output is maintained To ensure safety standards are maintained. Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 11. Management is an Art • Existence of theoretical knowledge • Personalized application • Based on continuous practice and creativity Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 12. Management as a science • Systematized body of knowledge • Principles based on observation and experimentation • Universal validity Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 13. • Management is both an art and a science … you know why? Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 14. Management as a Profession • Well – defined body of knowledge • Restricted entry (this feature of profession is not present in management) • Professional association (presently this feature of profession is not present in management) • Ethical code of conduct • Service motive Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 15. Coordination (the essence of Management) • It is the process by which a manager synchronises the activities of different department is called coordination. Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 16. Characteristics of coordination • Coordination integrates group efforts • Coordination ensures unity of action • Coordination is a continuous process • Coordination is a pervasive function • Coordination is the responsibility of all managers Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,
  • 17. Need and importance of Coordination • Growth in size • Individuals differ in their habits of work • Functional differentiation • Specialization • Essence of managemnet . Madan Kumar M.A.,M.A.,B.Ed.,M.Phil.,M.B.A.,