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Managemnt

This document discusses key concepts and definitions of management. It defines management as the attainment of organizational goals through planning, organizing, staffing, directing, and controlling resources. It provides definitions of management from various thinkers. It also outlines that management involves both science and art. The document discusses the main functions of management as planning, organizing, staffing, directing, and controlling. It concludes by describing the three levels of management as top management, middle management, and lower level or operative management.

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38 views14 pages

Managemnt

This document discusses key concepts and definitions of management. It defines management as the attainment of organizational goals through planning, organizing, staffing, directing, and controlling resources. It provides definitions of management from various thinkers. It also outlines that management involves both science and art. The document discusses the main functions of management as planning, organizing, staffing, directing, and controlling. It concludes by describing the three levels of management as top management, middle management, and lower level or operative management.

Uploaded by

Sriram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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CONCEPTS OF MANAGEMENT

MANAGEMENT

• Management is the attainment of organizational goals in an


effective and efficient manner through planning, organizing,
staffing, directing and controlling organizational resources.
Organizational resources include men(human beings), money,
machines and materials.

• Management is the art of knowing what you want to do and


then seeing that it is done in the best and cheapest way.
DEFINITIONS

• Management is an art of knowing what is to be done and


seeing that it is done in the best possible manner."
(planning and controlling)-F.W. Taylor

• "Management is to forecast, to plan, to organize, to


command, to coordinate and control activities of
others.“-Henri Fayol (father of modern management)
CHARACTERISTICS

• Management is a distinct process.


• Management is an organized activity
• Management aims at the accomplishment of predetermined
objectives.
• Management is both a science and an art.
• Management is a group activity
• Management principles are universal in nature
• Management integrates human and other resources.
MANAGEMENT: SCIENCE OR ART ?

Managements as science:
• assume the problem can be approached with rational, logical, objective, and
systematic way
• Required the use of technique, diagnostic and decision making skills and
techniques to solve problem

Management as art:
• Decision are made and problems solved using a blend of intuition, experience,
instincts and personal insights.
• Requires the use of conceptual, communication, interpersonal and time
managements skills to successfully accomplish the task.
FUNCTIONS OF MANAGEMENT
PLANNING
Planning is the most fundamental and the most pervasive of all management
functions. Planning is determining the objectives and formulating the methods to
achieve them. A job well planned is half done. Planning is concerned with 'what',
'how, and 'when' of performance. It is deciding in the present about the future
objectives and the courses of action for their achievement

ORGANIZING-
Organizing refers to the systematic arrangement of different aspects of business
operations to achieve the planned objectives. Organizing process results in a structure
of the organization. It comprises organizational positions, accompanying tasks and
responsibilities, and a network of roles and authority-responsibility relationships.
Organizing is thus the basic process of combining and integrating human, physical
and financial resources in productive interrelationships for the achievement of
enterprise objectives
STAFFING-
Selecting and training individuals for specific job functions, and
charging them with the associated responsibilities. As the importance of
human factor in organizational effectiveness is being increasingly
recognized, staffing is gaining acceptance as a distinct function of
management
DIRECTING-
In directing, managers determine directions, state a clear vision for
employees to follow, and help employees understand the role they
play in attaining goals.

CONTROLLING-
In controlling, managers evaluate how well the
organization is achieving its goals and takes corrective
action to improve performances.
LEVELS OF MANAGEMENT
TOP MANAGEMENT

 Top management is the ultimate source of authority and it


lays down goals, policies and plans for the enterprise.
 It devotes more time on planning and coordinating
functions. It is accountable to the owners of the business
of the overall management.
 It is also described as the policy making group
responsible for the overall direction and success of all
company activities.
MIDDLE MANAGEMENT

 The job of middle management is to implement the policies and plans


framed by the top management.
 It serves as an essential link between the top management and the lower
level or operative management.
 They devote more time on the organization and motivation functions of
management. They provide the guidance and the structure for a purposeful
enterprise.
 Without them the top management's plans and ambitious expectations will
not be fruitfully realized.
LOWER LEVEL OR OPERATIVE
MANAGEMENT

 It is placed at the bottom of the hierarchy of management, and actual


operations are the responsibility of this level of management.

 Direct touch with the rank and file or workers.

 Their authority and responsibility is limited. They pass on the instructions


of the middle management to workers.
THANK YOU

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