Session 1. Topic no.

1 Introduction to Management
16th August, 2010.

Concept of Management Definitions of Management Features of Management Nature Of Management Functions of Management Difference between Administration & Management

What is Management?
Definition: Coordinating work activities so that they are completed efficiently and effectively with and through other people Efficiency: getting the most output from the least input Effectiveness: completing activities so that the organizations goals are attained.

Management is
Getting work done through others Efficiency Effectiveness

Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives -- Peter Drucker Management is the process of designing and maintaining of an environment in which individuals working together in groups, efficiently accomplish selected aims -- Koontz and Weihrich

Management is a 1. Process 2. Social Process 3. System of Authority 4. Goal-Oriented Process 5. Dynamic Process 6. An Influence Process 7. Full- fledged Academic Discipline 8. Multi Disciplinary Field 9. Critical & Vital Sub-system of an Org. 10. It involves Effective & Efficient Utilization of Resources.

Management as a Science, an Art & a Profession:

Science Systemic body of knowledge, principle should be verifiable, reliable basis for predicting future events. Management is an Inexact Science It is complex and unpredictable Org. Decision are influenced by the environment.

Art
 Use of Practical Knowledge and personal skill.  Management is creative  Application of practical knowledge and certain skills helps to achieve concrete results.

Profession A profession is body of specialized knowledge, is systemized, renders competent and specialized services, demands scientific attitude and commitment to discover new ideas.

First stated by Henri Fayol (1841-1925)-French CEO Now stated as :

1. Planning 2. Organizing 3. Leading 4. Controlling
Planning

Controlling

Organizing

Leading

Administration refers to the activities of the higher level

of the management group who identifies the major aims and policies.
Administration is a part of management

THANK YOU