Unit I :
Nature of Management
Introduction- Definition of management- Fayol’sPrinciples of management- Duties of manager- Skills of manager- Human Skills-Technical Skills- Diagnostic skills- Role of managers- Interpersonal roles- Informationalroles- Decisional roles- Practical Assignments.
Evolution of Management Thought
As the mind controls the human body and its functions, management (mind) controls thevarious activities (human body) in the Organisation. Management occupies the central place among production factors as it combines and co-ordinates all other resources.
Definition of Management:
Management is the art of getting things done through others.Henry Fayol defines as “To manage is “to forecast and plan, to organize, to command, toco-ordinate and to control.”According to Harold Koontz “ Management is the process of designing and maintainingan environment in which individuals, working together in groups efficiently toaccomplish selected aims.”To sum up,
Managers carry out their managerial function
Applies to any kind of Organisation
Applies to managers at all Organisational levels
Aim is to create a surplus
Concerned with productivity, implies effectiveness and efficiency
Management of 4 M’s in the Organisation – Men, Machine, Materials andMoney