Management concept and application
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This document discusses the meaning, concept, and significance of management. It defines management as the process of planning, organizing, directing, and controlling organizational activities and resources to efficiently and effectively accomplish goals in a changing environment. The concept of management includes that it is both an art and a science, draws from multiple disciplines, is intangible but perceptible, exists at all organizational levels, is environmentally oriented, and optimally utilizes resources. Management is significant for effectively using resources, developing resources, incorporating innovations, coordinating departments, providing security to employees, and completing tasks on time.
Management concept and application
- 1. I • MEANING II • CONCEPT III • SIGNIFICANCE
- 2. DEFINATION Mary Parker Follett (1868-1933)
- 3. DEFINING MANAGEMENT But this is not a universally accepted definition as it fails to highlight. The function of a mangers Ignores the scientific and human aspect of management The role of internal and external environment
- 4. Defining meaning More effective definition is- Management is the process of planning, organising, directing, and controlling activities and using resources of an organisation for accomplishing the organisational goals efficiently and effectively in an ever changing environment.
- 5. 5 M OF MANAGEMENT METHOD MATERIAL MACHINERYMONEY MAN
- 6. CONCEPT OF MANAGEMENT 1.Management is a combination of ART and SCIENCE- A person requires knowledge of management principles – SCIENCE The skills of how the knowledge can be utilised - ART
- 7. CONCEPT OF MANAGEMENT 2. Management is a multi-disciplinary discipline- Its theories, principles and concepts are founded upon other disciplines These disciplines include economics, sociology, psychology, mathematics, information technology etc.
- 8. CONCEPT OF MANAGEMENT 3.Management is intangible- It cannot be touched or seen but its existence or its in-existence can be felt. 4. Management is pervasive at all levels- Every manager at top, middle or supervisory levels perform some managerial functions and activities.
- 9. CONCEPT OF MANAGEMENT 5. It is an environment oriented activity- External environment affects an organisation to a great extent Accordingly internal environment of the organisation needs to be managed. 6.Management is optimally utilising the resources- Physical, financial and informational resources must be optimally utilised.
- 10. SIGNIFICANCE OF MANAGEMENT For the effective utilisation of resources Development of resources To incorporate innovations For better coordination among various departments Provide a sense of security and oneness to employees To complete the tasks within the stipulated time frame