Mr.M.John Paul/ Management studies /Sathyabama University/ Chennai.
Management PrincipleUnit 1
Introduction to Management
Groups of people working in an organization to develop or appraise orattain the common goal of the organization by utilizing the available resourcesare called Management. In simple terms it means managing the work done bythe people. Just as the mind coordinates and regulates the various activities ofthe person, the management coordinates and regulates the activities of variousmembers of an organization.
Definition of Management
The definitions by some of leading management thinkers andpractitioners are as follows:(i)
“Management is the art of getting things done through the people.”- Mary Park Flott(ii)
“To manage is to forecast and to plan, to organize to command tocoordinate and to control.” - Henry Fayol(iii)
“Management is the art of knowing what you want to do and thenseeing that it is done in the best and the cheapest way.” – F.W.Taylor.
Need for Management
As the organization grows it faces a lot of problems like shortage of rawmaterial, labour problem, and misunderstanding among various groups etc. Sothere is a need to have a central body or point to a) coordinate the work and b)remove such hurdles both internally and externally. This center point is calledManagement.
Usage of Management
Management is very vital1)
To achieve the common goal.2)
To develop overall activity.3)
To motivate the people.4)
To work efficiency.5)
To control the overall operation.6)
To take up overall planning.7)
To maintain mutual relationship among various levels of management.8)
To increase the profit or gain.9)
To reduce the complexity, difficulties and obstacles.