Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    1.management and Its Nature

    Uploaded by

    anand620520

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    1.management and Its Nature

    Uploaded by

    anand620520
    4 views12 pages

    Original Title

    1.Management and its Nature

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views12 pages

    1.management and Its Nature

    Uploaded by

    anand620520

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    MANAGEMENT AND ITS

    NATURE
    Dr Amit k Lal
    Founder Skillics
    A famous Saying…
    What is Management?
    ❑Management is the process involving planning, organizing,
    staffing, directing and controlling human efforts to achieve
    stated objectives in an organization.”
    ❑“Management is the art of knowing what you want to do and
    then seeing that it is done in the best and cheapest way.” -F .W.
    Taylor
    ❑“Management is a multipurpose organ that manage a
    business and manages Managers and manages Workers and
    work.” -Peter Drucke
    Nature of Management
    • Management is Goal-oriented.
    • Management is Universal.
    • Management is an Integrative Force.
    • Management is a Social Process.
    • Management is Multidisciplinary.
    • Management is Continuous Process.
    • Management is Intangible.
    1. Management is goal Oriented.
    • Management has no justification to exist without goals.
    • Management goals are called group goals or
    organizational goals.
    • Thebasic goal of management is to ensure efficiency and
    economy in the utilization of human, physical and financial
    resources.
    • Thesuccess of management is measured by the extent to
    which the established goals one achieved.
    2. Management is Universal
    • Management is an essential element of every organized
    activity irrespective of the size or type of activity.
    • Wherever two or more persons are engaged in working for a
    common goal, management is necessary. All types of
    organizations, e.g., family, club, university, government, army,
    cricket team or business, require management. Thus,
    management is a pervasive activity.
    • The fundamental principles of management are applicable in
    all areas and Managers at all levels perform the same basic
    functions.
    3. Management is an integrative force
    • Theessence of management lies in the coordination of
    individual efforts in to a team.

    • Management integrates the individual goals with


    organizational goals.
    4. Management is a Social Process
    • Management is a social process because it is concerned with
    interpersonal relations.
    • Human factor is the most important element in management.
    • According to Appley, “Management is the development of people
    not the direction of things.
    • A good manager is a leader not a boss. It is the pervasiveness of
    human element which gives management its special character as a
    social process”.
    5. Management is Multidisciplinary.

    • Management has to deal with human behavior


    under dynamic conditions.
    • Therefore, it depends upon wide knowledge
    derived from several disciplines like engineering,
    sociology, psychology, economic s, anthropology,
    etc.
    6. Management is Continuous Process.

    • Management is a dynamic and an on- going


    process.

    • The cycle of management continues to operate so


    long as there is organized action for the
    achievement of organisational goals.
    7. Management is Intangible
    • Management is an unseen or invisible force. It
    cannot be seen but its presence can be felt
    everywhere in the form of results.

    • However, themanagers who perform the functions


    of management are very much tangible and
    visible.
    THANKS FOR
    WATCHING ….

    You might also like