Management

Science
 Unit-1
 Introduction to Management concept
 Nature and importance of Management
 Functions of Management
 Evaluation of Management thought
 Theories of Motivation
 Decision making process
 Designing organization structure
 Principles of organization
 Types of organization structure
 Introduction to
Management concept
Management is needed for every
organisation to manage
• Men
• Material
• Machinery
• Money
CONCEPT OF MANAGEMENT
Different authors, academicians,
researchers and thinkers on
‘Management’ have defined term
Management in different views or
concepts.

Some of Concepts are…….

 1. Functional Concept
Management is a function of activities in
an organisation
Example:
• Production Function
• HR Function
• Finance Function
• Marketing Function & Other Functional
areas.
 2. Human Relations Concept

Management is an art or science of

Managing people.
‘People’ includes
• Employees
• Customers
• Suppliers
• Investors
• Creditors & Others
 3. Decision Making Concept
Management is an art of making decisions in an
organisation.
That………
• What to Produce ?
• Where to Produce ?
• When to Produce ?
• How Much to Produce ?
• How much Amount has to invest?
• Which type of Production method has to
adopt?
• & All other relevant decisions.
 4. Leadership Concept
• Management implies motivating the
people towards the goals of an
organisation.
• Management is the style of Preparing,
Organizing and Directing human
efforts applied to control the forces
and motivate the people and utilize the
material without any wastage
• Leadership style used to Manage the
organisation.
 5. Productivity Concept
Managing the factors of Production
• Land,
• Labour,
• Capital,
• Organisation,
• Technology,
• & Other Factors….
 6. Integration concept
• Management integrates
• Manpower,
• Production operations,
• Marketing activities,
• and other activities which relates to the
business
 Definitions of management

“Management is an art of getting things

done through others in formally
organized groups”
-Herold Knootz

“ Management is what the manager does”

-Louis Allen
“ Management is to forecast, to plan, to
organize, to command, to coordinate and
to control”
-Henry Fayol
“ Management is an art of knowing exactly
what you want men to do and then
seeing that they do in the best and
cheapest way.
- F.W Taylor
“Management is defined as the creation
and maintenance of an internal
environment in an enterprise where
individuals working together in groups,
can perform efficiently and effectively
towards the attainment of group
goals”.
- Koontz and O’Donnell
 Some Notable persons
• Peter F. Drucker - Father of Modern Management
• Frederik W. Taylor - Father of Scientific Management
• Henri Fayol - Father of Modern Operational Management
Now you all are
aware about the
concept of
Management