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Submitted By: Guided By:

BHOLA SINGH SAHU BHAI


BBA 1ST SEM
DATE OF SUBMISSION: 10.08.17
CHRIST COLLEGE, JAGDALPUR

NATURE OF MANAGEMENT
CHRIST COLLEGE, JAGDALPUR

Introduction
 A business develops in course of time with complexities.
Management is not only essential to business concerns but
also essential to Banks, business concerns but also essential to
Banks, Schools, Colleges, Hospitals, Hotels, Religious bodies
etc. Every business unit has objectives of its won. These
objectives can be achieved with the co-operative efforts of
several personnel. As E. Demock has rightly said “the
management is not a matter of pressing a button, pulling a
lever, issuing orders, scanning P & L statement, promulgating
rules and regulations. Rather it is the power to determine
what shall happen to the personalities and happiness of entire
people, the power to shape the destiny of a nation and of all
the nations which make up the world”
CHRIST COLLEGE, JAGDALPUR

A team is not made only of individuals.


A team is made of a common goal and
a common ideal. A common cause,
and a motivating force is
the spirit of the team.
CHRIST COLLEGE, JAGDALPUR

Meaning of Management

Management is the art of getting things done by


a group of people with the effective utilization of
available resources. There are various definitions
given by various management gurus but simply
management is the process consisting of the
functions of planning, organizing, staffing,
directing and controlling the operations to
achieve specified objectives
CHRIST COLLEGE, JAGDALPUR

Features or Characteristics of
Management
 Art as well as science
 Management is an activity
 Management is a continuous process
 Management achieving pre-determined
objectives:
 Organized Activities
 Management is a factor of production
 Management as a system of activity
 Management is a discipline
 Management is a purposeful activity
 Management is a distinct entity
CHRIST COLLEGE, JAGDALPUR

Features or Characteristics of
Management
 Management aims at maximizing profit
 Decision ––making
 Management is a profession
 Universal application
 Management is getting things done
 Management as a class or a team
 Management as a career
 Direction and control
 Dynamic
 Management is needed at all levels
 Leadership quality
CHRIST COLLEGE, JAGDALPUR

Characteristics of Management
 Art as well as science: Management is both an
art of possessing of managing skill by a person
and a science because of developing certain
principles or laws applicable in a place where
a group of activities are co-coordinated.

 Management is an activity: It is a process of


activity relating to the effective utilization of
available resources.
CHRIST COLLEGE, JAGDALPUR

Characteristics of Management
 Management is a profession: It posses the qualities of a profession.

 Universal application: The same principles of management are


applicable in every type of industry only the practice differs from
one to another.

 Management is getting things done: Manager gets things done by


others.

 Management as a class or a team: Class means group of people


having homogeneous characteristics to achieve common objectives.
CHRIST COLLEGE, JAGDALPUR

Characteristics of Management
 Management as a career: Now a day’s management is
developed as a career focused on specialization like Finance,
Marketing, Systems, Personal etc and they are appointed in
the key posts of the management.

 Direction and control: Manager directs his subordinates in the


performance whenever necessary. Direction & control deals
with the activities of human effort.

 Dynamic: The management is not static in the ever changing


fast developing business world as new techniques are
developed and adopted by the management
CHRIST COLLEGE, JAGDALPUR

Characteristics of Management
 Management is needed at all levels: The
functions of planning, organizing, directing,
controlling and decision making is performed
by all the level of organization.

 Leadership quality: Leadership quality is


developed in the persons who are working in
the top level management.
CHRIST COLLEGE, JAGDALPUR

Functions of Management
The important functions of management are as below

 Planning
 Organizing
 Staffing
 Directing
 Co-coordinating
 Motivating or actuating
 Controlling
 Innovation
 Representation
 Decision Making
 Communication
CHRIST COLLEGE, JAGDALPUR

Importance of Management
 Management meets the challenge of change
 Accomplishment of group goals
 Effective utilization of business
 Effective functioning of business
 Resource development
 Sound organization structure
 Management directs the organization
 Integrates various interests
 Stability
 Innovation
 Co-ordination and team spirit
 Tackling problems
 A tool for personality development
CHRIST COLLEGE, JAGDALPUR

Importance of Management
 Management meets the challenge of change: In this ever changing business world,
an efficient management saves the business brought by the challenges.

 Accomplishment of group goals: The achievement of objectives depends upon


proper planning of available resources and quality of decision taken and control
made by the unit.

 Effective utilization of business: In eight M’s man, money, materials, machines,


methods, motivation, markets and management, management has control over
remaining M’s.

 Effective functioning of business: Ability, experience, mutual understanding, co-


ordination, motivation and supervision are the factors for effective functioning of
business. Management utilizes the abilities of workers and fulfills their executions
through motivation techniques.
CHRIST COLLEGE, JAGDALPUR

Importance of Management
 Innovation: New ideas are developed by management and
implemented in the organization.

 Co-ordination and team spirit: Management coordination the


activities of different departments and establishes team spirit to
achieve the objectives.

 Tackling problems: Good management acts as a friend of workers


while tackling problems.

 A tool for personality development: Management gives direction and


training to the workers that help them to raise their efficiency and
productivity
CHRIST COLLEGE, JAGDALPUR

Administration and Management


 There are various opinions of writers for the
meaning of administration and management.
In general, administration is distinguished as a
top level function while management as a
lower level functions
CHRIST COLLEGE, JAGDALPUR

Difference between Administration


Sr. Basis of Administration Management
No. Distinction
1 Policy and Determines policy to be Implements the policy and achieve
Objectives followed and decide the the objectives.
objective to be achieved.
2 Directing of Not directly involves in the Directly involves in the execution of
human efforts execution of plan and plan and achieving objectives.
achievement of objectives
3 Main functions Planning, organizing and staffing Directions, motivation and control.

4 Levels of Top level executives (owners or Lower level executives ( Manager,


executives board of directors) supervisor and workers)

5 Position Acts as a principal Acts as an agency


6 Knowledge Requires administrative ability Requires technical ability more than
more than technical ability administrative ability.