ARPAN BATABYAL

ELECTRICAL
ENGINEERING
UNIVERSITY ROLL
18701619073
4TH YEAR 7th SEM
 CONTENT:
- OF MANAGMENT
1. DEFINITION
2. CONCEPT AND APPROACH FOR
MANAGMENT
3. DIFFERENCE OF MANAGMENT AND
ADMINISTRATION
4. IMPORTANCE OF MANAGMENT
5. APPROACHES TO MANAGMENT
6. ABOUT BUSINESS ENVIORNMENT
7. QUALITIES OF A MANAGER
8. LIMITATIONS OF MANAGMENT
 DEFINITION OF MANAGMENT:-

Definition:-The process of dealing with or controlling

things or people.
Level of Managment:-
 Administrative Level of Management.
 Executive or Middle Level of Management.
 Supervisory, Operative, or Lower Level of
Management.
 CONCEPT AND APPROACHES FOR MANAGMENT

APPROACHES FOR MANAGMENT FIVE DIFFERENT CONCEPTS OF

MANAGMENT

The approaches for managment The 5 Different concepts of

are s follows:- managment are as follows:-
 1. The Classical Approach  Planning
 2. The Behavioral Approach  Organizing
 3. The Quantitative Approach.  Staffing
 Leading
 Controlling
 DIFFERENCE BETWEEN MANAGMENT AND
ADMINISTRATION:-
MANAGMENT
 1. An organized way of managing
people and things of a business
organization is called the
Management .
 2.The role is executive
 3. Profit making organizations i.e.
business organizations.
ADMINISTRATION
 1. The process of administering an
organization by a group of people
is known as the Administration.
 2. The role is decisive.
 3. Government offices, military,
clubs, business enterprises
IMPORTANCE OF MANAGMENT:-

(i) Management Helps Achieving

Group Goals It integrates the objective
of individual along with organisational
goal.

(ii) Management Increases Efficiency It

increases productivity through better
planning, organising, directing the
activities of the organisation.
 APPROACHES TO
MANAGMENT:-
 Scientific Management
approach.
 Management Process or
Administrative Management
approach.
 Human Relations approach.
 Behavioural Science approach.
 Quantitative or Mathematical
approach.
 Systems approach.
 Contingency approach.
 Operational approach
 Business Environment
and its interaction with Management.
 1. Business is affected by economic conditions of
the environment. During recessionary conditions,
for example, firms reduce the production or pile
their inventories to sell during normal or boom
conditions
 2. When financial institutions increase their
lending rates, firms may resort to other sources
of finance, like bank loans or internal savings
(reserves). This may force the financial
institutions to lower their interest rates. The
financial environment and the business system,
thus, act and interact with each other.
 3. The environment offers threats and
opportunities to business systems which they
overcome and exploit through their strengths and
weaknesses. SWOT analyses helps in integrating
the organization’s external environment with its
internal environment.
QUALITIES OF A GOOD MANAGER:-

 The Ability to Self-Motivate.

 Effective Communication
Skills.
 Confidence Without
Arrogance.
 Willingness to Share.
 Prowess in Problem Solving.
 LIMITATIONS OF MANAGMENT:-
They developed a typology of middle
management contributions to strategy:

(1) gathering and synthesising

information,

(2) justifying and championing

alternatives,

(3) facilitating organisational adaptability

(relaxing rules, 'buying time')

(4) translating goals into action and

selling initiatives to staff.