ASSIGNMENT UNIT -1

BUSINESS
ORGANISATION
AND
MANAGEMENT

SUBMITTED TO –HARDEEP MA’AM SUBMITTED BY –MAADHAV GOYAL

COURSE- B.COM+L.L.B.
GROUP NO.-FIVE
UID NO.- 20BCL1100
CERTIFICATE
DATE- 19/9/20

This is to certify that MR. Maadhav Goyal son

of Sh.Ashwani Kumar Goyal is a student of

B.COM+L.L.B Commerce,UID no.20BCL1100.He
completed his project work in BUSINESS
STUDIES.During the tenure of the project
work, he was found fully disciplined and
hardworking and has taken keen interest in his
project work.

______________
(Name and signature of guide)
 WHAT IS
MANAGEMENT
Management is the process of making the work done by others effectively
and efficiently. Management is the task of manager. Nowadays
management is becoming very common in every form of business
organization.
We have different thinkers of management who have different views in
regard of management. The main name of thinkers of management is
HAROLD KOONTZ, HENIZ WILHRICH AND P.DRUCKER Hence we have many
definitions of management.

THE DEFINATIONS GIVEN BY THEM ARE UNDER:-

P.DRUCKER DEFINATION OF MANAGEMENT-
Management is a multipurpose organ that
manages the manager and business and manager manages workers and
work.
HAROLD KOONTZ & HENIZ WILHRICH DEFINATION OF MANAGEMENT-
Management is the process of designing
&maintaining an environment in which individuals working together in
group efficiently accomplish selected aims.
GEORGE R. TERRY DEFINATION OF MANAGEMENT- Management Is a distinct
process consisting of planning, organizing, actuating and controlling; utilizing in each
both science and art, and followed in order to accomplish pre-determined objectives.
Hence it can be concluded that management emphasizes on performance
of work effectively and efficiently.

Features of management:-
1. Management is a continuous process:- management is a function
which never comes to end it consists of five functions of that are
planning, organizing, staffing, directing, and controlling. Once the cycle
of management comes to controlling it again starts from planning. The
below diagram shows the functions to be performed under
management

ORGANISING STAFFING

PLANNING DIRECTING

CONTROLLING
2. Management is goal oriented:- management aims to achieve certain
organization goals. For example if the aim of Honda cars India is to sale
50 cars per month. Then all the activities in the organization will be
done to achieve the goal.
3. Management is pervasive:- It is in each and every organization
whether it is a NPO or business organization. Example management is
found in schools, hospitals, business organization etc.
4.Management is multidimensional:- Management has multiple
dimensions.
*Management of operations:- management involves a production
concept that involves conversion of raw material into finished
products. For example production of sewing needle from iron.
 *Management of work:- work is done by every organization example
college provides education, hospitals provide treatment to patients.
*Management of people:- management involves the way In which
work should be done by others example directing workers the way to
achieve the organizational goals.
5.Management is group activity:- management is not the work to be
performed by a single person it is performed by different individuals
together in group to achieve organizational goals. Nowadays firms are
having different departments for management example administration
department in colleges.
6. Management is dynamic function:- management is a dynamic
function as it deals with changes that take place in organization
example in the 1980’s SONY was the leading manufacturer of black and
white televisions with change in time it became the leading
manufacturer of led’s also.
7. Management is intangible force:- management cannot be seen or
touched it is intangible it’s presence can be felt only.
8. Management is futuristic:- management deals with future objectives
that a management wish to achieve.
9. Management deals with 7M’s:- they are discussed as under

7M’s

MARKET
MANAGEMENT

CONCEPT OF MANAGEMENT
MONEY MACHINE MATERIAL
METHODS
MAN

Management means managing man techfully to get the work done by

others.
 Concept of Management

TRADITIONAL MODEREN
MANAGEMENT MANAGEMENT

Managing man techfully to get Management is goal oriented and

things done through others it create an internal environment

for attaining the goals efficiently.

MODREN MANAGEMENT

PROCESS ACTIVITY DISCIPLINE

GROUP
MODEREN MANAGEMENT AS A PROCESS
1. It consists of 7M’s +5 functions of management
2. It trans forms 7M’s into product and services
3. It compromises of planning ,organizing ,staffing, directing and
controlling
 FEATURES OF MANAGEMENT AS A PROCESS
a).UNIVERSAL PROCESS- applicable to every org. eg school , college
b).CONTINUOUS PROCESS- it never comes to an end
c).INTEGERATING PROCESS- all five functions of management are
Integrated
d).SOCIAL PROCESS-it deals with human resources
e).INTERCTIVE PROCESS-human being interact with each other for
management
MANAGEMENT AS AN GROUP ACTIVITY
It represents the group of people because it has 3
levels at all levels we have human beings.

PRODUCTION MANAGER
CORPORATE MANAGER ETC.
TOP LEVEL OF MANAGEMENT
CEO’S
SUPERVISOR
SECTIONAL INCHARGE
DIRCTOR
S
MIDDLE LEVEL MANAGEMENT

SHOPFLOOR LEVEL OF MANAGEMENT

MANAGEMENT AS A DISCIPLINE
 Body of management has been developed by a no. of scholars and
is being taught to managers.
Features of Mgt As A Discipline
1. It is organized body of knowledge
2.Can be learned through learning
3.It produces qualified professionals
4.It has no. of associates.
MANAGEMENT AS AN ACTIVITY
Decision is taken by one or more person SWOT analysis are done
relations are made with everyone to achieve organizational goals.
CONCLUSION
Management is sum total of all the factors that are taken to plan
organize direct and control the others to serve interest of all.

FUNCTIONS OF
MANAGEMENT WITH
ILLUSTRATIONS
FUNCTIONS OF MANAGEMENT

PLANNING ORGANISING STAFFING

DIRECTING CONTROLLING
LET’S DISCUSS THSES FUNCTIONS OF
MANAGEMENT WITH EXAMPLES

1. PLANNING: - It is the first function of management it helps to bridge

gap between where we are and where we want to reach.

Actual result ___________GAP______________ desired results

The gap in above representation can be overcome by planning. In other

word planning means thinking before doing and how to do and who is
going to do.
ILLUSTRATION
# A car manufacturer want to double up his sales to 10000 per year
which is 5000 presently here is a gap of 5000 b/w actual and desired
result. This gap needs to be overcome by planning in the following way
* find out government policies.
* try out methods like inc. advt. or reducing price
*evaluating these alternatives.
*let us consider they select the option of advertising
*they will now implement this decision
* now they will make sure whether the objective is met or not.
2. Organising: - it means assigning duties, grouping tasks, establishing
authority, and allocating resources required to carry out a specific plan.
ILLUSTRATION
# let us consider a banking system
*first the work is divided in different individuals
*there are different departments for different activities e.g.
different department for operating lockers and different for
taking loans
* After that duties are assigned to different persons eg different
manger for every department.
*after that relations are established between each department
to avoid confusions.
3. Staffing: - it means filling the spaces in organization by
recruiting employees. It lays emphasizes on right person at right
place.
ILLUSTRATION
# an organization needs an accountant
*firm will provide an advertisement in the newspaper
*the competent persons will apply for the same
*the application letters will be sorted out
*their will be a call for interview
*after different tests and interaction the firm will decide the
most competent guy
* and that person will be given the position of accountant in the
firm.
Nowadays firms have a separate department called
HRM for staffing function.
4. Directing: - it is the process of directing, motivating, leading,
supervising and communicating with the subordinates to
achieve the organizational objectives.
ILLUSTRATION
# a firm performs directing in the following way.
*the supervisors keeps an eye on the subordinates on work to
make the goals achieve but supervising is classified as a hygiene
factor by HERZBERG.
*the leaders or the superiors at the work motivates the
subordinates to work more effectively and as per HERZBERG
this increases the morale
*the leaders in the organization inspires the employees to work
hard and efficiently and effectively
*communication is the most important part of the directing
process effective communication is marked by the presence of
follow up action.
5.Controlling:- it is the process of comparing actual result with
the desired results and analyzing deviations.
ILLUSTRATION
#production in company is
* a firm sets up a target to produce 12000 units of a product
*but the firm was able to produce 10000 only
*their was a deviation of 2000 units
* management found out that the deviations was because of
the laziness of the works.
Hence, corrective action was taken and the target was met.
As we know that cycle of management never comes to end it
will again start from planning.