Management - 22509

Unit No-1
Introduction to Management Concept and
Managerial Skills.
(For MSBTE Diploma Engineering students.)

Ravindra Nafade, Lecturer in Mechanical Engg,

Government Polytechnic, Nashik

 Course Outcome:
Use basic management principles to
execute the daily activities.

Written by

Ravindra Nafade, Lecturer in Mechanical Engg.

Government Polytechnic ,Nashik
Unit No.-1:

Introduction to Management Concept and Managerial Skills.

UO-1:

Explain the concept and importance of management .

CONTENT

1. Concept of Management

2. Definition of Management

3. Role of Management

4. Importance of Management

5. Characteristics of Management

Page 4 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Objectives

After this session you should be able to –

 Describe the significance and relevance of management.

 State the importance of management.

 Explain the role of management.

 List the management characteristics.

Page 5 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Concept of Management

* Management is the art of getting work done through people to accomplish goal. It
requires a range of skills to coordinate

* Management is a science because management techniques are concepts based on

measurements and factual determinations

* Management is a process of effectively utilizing resources.

Page 6 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Concept of Management

► Optimum utilization of resources.

► Art of getting work done through people.

► Is a science.

Page 7 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Definition of
Management
1. Mary Parker Follet : Management is the art of getting things done through people.

2. George R Terry: Management is a process consisting of planning, organizing, actuating

and controlling performed to determine and accomplish the objectives by the use of people
and resources.

3. Ralph C Devis : Management is the function of executive leadership anywhere”.

4. Donald J Clough: Management is the art and science of decision making and leadership.

Page 8 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Definition of Management

5.Joseph L Massie: Management is the process by which a cooperative group directs actions
towards common goals.

6. F.W. Taylor: Management is the art of knowing what you want to do and then seeing that it
is done in the best and cheapest way.

7.John F Mee: Management is the art of securing maximum results with minimum efforts so
as to secure maximum prosperity for employer and employee and give the public the best
possible service.

Page 9 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Role of
Management
1. The role of the management is to ensure that the goals of the organization are achieved.
2. These changes which reflects in both tangible and intangible forms can be met by management
only.
- Tangible changes deals with change in technology, size of organization and specialization in work
and theories.
- Intangible changes are changes in attitude, human values, culture, etc
3. Management ensures that all the activities are designed effectively for the attainment of the
organizational goal.

4. Management encourages all individual activities that will lead to reaching organizational goals.

Page 10 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Importance of
Management
1. Optimum utilization of resources:
Management brings all the available resources -men, money, machines, materials and methods
together for optimum utilization.

2. Expansion and diversification:

Management helps the organization to achieve its goals efficiently, systematically, easily and
quickly. It helps the organization to face competition to grow, expand and diversify.

3. Reduction of employee’s absenteeism and turnover:

Management motivates people by Providing different incentives to the employees which include
positive, negative, monetary and non-financial incentives. These incentives increase the willingness
and efficiency of the employees.

4. Utilization of the benefits of science and technology:

Management utilizes the advancements made in the field of Science and Technology to provide
industries with the latest machines and the consumers with the latest products

Page 11 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Importance of
Management
5. Encouraging initiative and innovation:
Management encourages for innovation and initiative from employees and inspires them to give their
suggestions for the growth of the organization. It brings innovative ideas, modern methods, and latest
techniques to the organization.

6. Minimizing wastage:
Management minimizes the wastage of materials, men and monetary resources by doing work through
proper arrangement, manufacturing and control. Managers motivate subordinate to reduce wastage.

7. Team work:
Management always builds a team spirit in the organization. The combined effort of work and unity lead
to the prosperity within the Organization. Team work plays an important part in the success of
Organization

8. Motivation: Management motivates employees by providing many incentives . This motivates the
employee to work harder, which results in higher efficiency in production.

Page 12 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Importance of
Management
9. Reduction in labour turnover:
Frequent labour turnover increases the selection and training cost. Management creates a sense of
responsibility among the employees and helps to reduce labour turnover in the organization

10. Higher efficiency:

Proper management ensures that the efficiency of the organization is high with higher return at
minimum investment.

11. Improving the quality of life of the workers:

Management offers bonus and incentives to the employees for their work. It provides a healthy work
environment.

Page 13 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Management, Administration and
Organization
Management:
An art of managing people and their work, for achieving a common goal by using the optimum
resources. It creates an environment under which the manager and his subordinates can work together
for the attainment of objectives of organization.

Administration:
Administration relates to top level of management. They are the either owners or business partners
who invest their capital in starting the business. The functions of administration are legislative and
largely determinative. It does not need technical ability. It is mainly concerned with decision making,
policy making and making necessary adjustments. It coordinates finance, production and distribution.

Organization:
Organization is the framework of management. Management carries out the policies of
Administration through the frame work of organization. Without efficient organization, no
management can perform its function smoothly. Organization is concerned with the building,
developing and maintaining of a structure of working relationships in order to accomplish the
objectives of the
Page 14 Maharashtra State Board of Technical Education Tuesday, September 14,
2021
Management
Characteristics

Page 15 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Management
Characteristics
1.Universal :
The principles and concepts of management are applicable to every type of industry. All the
organizations, whether profit-making or not, require management for managing their activities. Hence it
is universal in nature.

2. Goal Oriented:
All organizations have objectives that are laid down. Management achieves the organizational goals by
coordinating the efforts of the personnel

3. Continuous process:
The process of management consists of functions like planning, organizing, directing and controlling the
resources to ensure that resources are used to the best advantages of the organization. Management
involves continuous planning, organizing, directing and controlling

Page 16 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Management
Characteristics
4. Multi-dimensional:
Management is not confined to the administration of people only, but it also manages work, processes and
operations, which makes it a multi-dimensional. It is the unifying force which integrates human and other
resources to obtain the desired objectives

5. Group activity:
An organization consists of various members who have different needs, expectations and beliefs.
Every person joins the organization with a different motive, but after becoming a part of the organization,
he works for achieving the same goal. This requires supervision, teamwork and coordination, and it is
achieved by, management.

6. Dynamic function:
Management is not static. Over a period of time new principles, concepts and techniques are developed
and adopted by management. It changes according to the social changes

Page 17 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
Summary
*Management is the art of getting work done through people. It is a science based on measurements
and factual determinations

*Management ensure that the goals of the organization are achieved, can met the tangible and intangible
changes and motivates the people.

*Management is important for optimum utilisation of resources with minimum wastages, Encouraging
people to work in team , Improving quality of life of worker.

*Management characteristics are goal oriented, universal, continuous process, group activity and
dynamic function.

Page 18 Maharashtra State Board of Technical Education Tuesday, September 14,

2021
 Thank You

Page 19 Maharashtra State Board of Technical Education Tuesday, September 14,

2021