Nature and Concept

of Management
Topics of the
Presentation
AFTER THIS PRESENTATION
YOU WILL BE ABLE TO LEARN-

DEFINITION OF MANAGEMENT
FUNCTIONS OF MANAGEMENT
MANAGEMENT AS A SCIENCE
MANAGEMENT AS AN ART
Management: A definition
• A process or form of work that involves the guidance and
direction of a group of people toward organizational goals and
objectives.

• Management is the establishment of an environment for group

effort in such a way that individuals will contribute for group
objectives with the least amount of such inputs as money, time,
effort, discomfort and materials.
•
•The process of working with and through other people to
accomplish organizational goals.
Definition of Management

Is a distinct process of planning, organizing,

staffing, directing, and controlling
(POSDICON), performed to determine and
accomplish stated objectives by the use of
human being and other business resources.
Functions of Management
1. Planning
2. Organizing
3. Staffing
4. Directing
5. Controlling
1. Planning
• Refers to the formulation of objectives,
programs, policies, procedures, rules and
regulations, in order to achieve the goals of
business.

• It is related to decision-making.

•It involves forecasting.

 2. Organizing

Is the grouping together of people, establishing

relationship among them, and defining the
authority and responsibility that the personal
have in the use of company’s material resources
to attain predetermined goals and objectives.
3. Staffing
Involves filling and keeping filled the
positions provided in the organization
structure.
 4. Directing
is guiding people in the organization
through the means of counseling,
instructing, motivating.
5. Controlling
Is the process of measuring and correcting
the activities of subordinates and the
company itself to assure conformity to plans.
Management is an "ART"
because it:
Through human efforts.
Feels
Guesses
Describes
Expresses
Communicates &
Practices
Management is a "SCIENCE"
because it:
Is a systematic body of knowledge
Predicts
Defines
Measures &
Utilizes knowledge
Summary

• Definition of Management
• The Functions of Management
• Management is an Art
• Management is a Science
 Activity: Write your discussion
in a ½ sheet of paper ( by pair)
Question:

Management has often been described as a universal

process, meaning that the basics of management are
transferable and applicable in almost any
environment.
Comment on this statement.