Principles of Management Introduction

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Principles of Management Unit – I

PRINCIPLES OF MANAGEMENT
UNIT –I

INTRODUCTION – MANAGEMENT

The work done in any place be it a household, a business establishment, a Legislative Assembly
or the Parliament, requires proper planning, organisation, direction, co-ordination and control.
Planning helps to do the work in a systematic manner. Organising helps to mobilise the
necessary resources and fix responsibilities on individuals. Direction helps to supervise and
motivate people at work. Co-ordination establishes link between the various activities
performed. Control helps us to know whether the plan has been successfully implemented and
the objective laid down in the plan has been fully achieved.

MEANING OF MANAGEMENT

Management is basically concerned with the performance of planning, organising, directing,


co-ordinating and controlling, which, in fact, are its main functions. Management is also
regarded as the art of getting things done through others. It is not possible for any individual to
do all the work himself. The work is always shared with others. In a household, for example,
the head of the house — the father earns for the family maintenance. The lady of the house
manages the kitchen and so on. Similarly, in a bank there are different individuals to look after
cash, savings bank account, fixed deposit, current account, and recurring deposit account and
so on. The overall control lies with the Bank Manager. Thus, it becomes clear that the work is
assigned to many in any work place and responsibilities are fixed on them. The person
assigning the work, i. e., the manager, knows how to get things done through others, i.e.,
subordinates. A manager who is unable to make his subordinates work cannot be a successful
manager.

DEFINITIONS OF MANAGEMENT

Management is the art of getting things done through people — MARY PARKER FOILET.

To manage is to forecast and plan, to organise, to command, to co-ordinate, and to control ---
HENRY FAYOL.

DEPARTMENT OF BUSINESS ADMINISTRATION - JAWAHAR SCIENCE COLLGE, BLOCK -14, NEYVELI 1


Principles of Management Unit – I

Management is what a manager does — LOUIS ALLEN.

Management is the process of getting things done through the agency of a community. The
functions of management are the handling of a community with a view to fulfilling the purposes
for which it exists --- SIR CHARLES REYNOLD

Management is simply the process of decision-making and control over the actions of human
being for the expressed purpose of attaining predetermined goals -- STANLEY VANCE.

Management is the art of knowing exactly what you want your men to do and then seeing that
they do it in the best and the cheapest way F.W. TAYLOR.

Management is a process of releasing and directing human energies towards attaining definite
goal --- WILSON.

Management is the process of optimising human, material and financial contributions for the
achievement of organisational goals -- PEARCE AND ROBINSON.

Management is the art of directing and inspiring people -- MOONEY AND REILEY.

Management is the creation and maintenance of an internal environment in an enterprise where


individuals, working in groups, can perform efficiently and effectively towards the attainment
of group goals. It is the art of getting the work done through and with people in formally
organised groups -- Koontz and O'DonneL

DEPARTMENT OF BUSINESS ADMINISTRATION - JAWAHAR SCIENCE COLLGE, BLOCK -14, NEYVELI 2

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