MANAGEMENT:

CONCEPT,NATURE
&PROCESS

UJJ V A L A D I T Y A PA N D E Y
BBA CAM 1
IIMT
Agenda
 INTRODUCTION TO
MANAGEMENT
 CONCEPT OF MANAGEMENT
 TYPES OF MANAGEMENT
 NATURE OF MANGEMENT
 PROCESS OF MANGEMENT

MANAGEMENT : CONCEPT, NATURE & PROCESS 2

INTRODUCTION
TO
MANAGEMENT
"Management is the art of knowing
what you
want to do and then seeing that it is
done in
the best and cheapest way.

- F . W. Taylor

MANAGEMENT : CONCEPT, NATURE & PROCESS 4

 CONCEPT
OF
MANAGEMENT
Concept of
Management :
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

MANAGEMENT : CONCEPT, NATURE & PROCESS 6

 Types Of Management
Traditional Management Modern Management

• Traditionally Management • It is the process of

is defined as an art of utilisation of Human
getting things done through Resources and Physical
others Resources(Capital,
Machines,Materials,etc) in
such a manner that
organisational objectives
are achieved effectively
and efficiently

MANAGEMENT : CONCEPT, NATURE & PROCESS 7

 NATURE OF
MANAGEMENT
 Nature of Management

INTANGIBLE DYNAMIC GOAL PRODUCTION CO-

ORIENTED FACTOR ORDINATING

CRUCIAL PART PROFESSIONAL PROCESS UNIVERSAL SOCIAL

OF SOCIETY

MANAGEMENT : CONCEPT, NATURE & PROCESS 9

 INTANGIBLE

Management is intangible as it cannot be seen or

touched. One can feel its presence through orderliness,
enthusiastic employees and efficient work. We can feel
the result of mismanagement more clearly and early as
compared to management.

MANAGEMENT : CONCEPT, NATURE & PROCESS 10

 DYNAMIC

Management is a dynamic as well as continuous.

Management is a dynamic process because it keeps
on changing with the changes that takes place in
environment. It is continuous process because it is the
act of coordinating the efforts of people to accomplish
desired goals and objectives using available resources
efficiently and effectively. It continues till the goals are
achieved by organisation.

MANAGEMENT : CONCEPT, NATURE & PROCESS 11

 GOAL ORIENTED
The success of any management activity is assessed
by its achievement of the predetermined goals or
objective. Management is a purposeful activity.
It is a tool which helps use of human & physical
resources to fulfill the pre-determined goals.

For example, the goal of an enterprise is maximum

consumer satisfaction by producing quality goods and
at reasonable prices. This can be achieved by
employing efficient persons and making better use of
scarce resources.
MANAGEMENT : CONCEPT, NATURE & PROCESS 12
 PRODUCTION FACTOR
Management is the most active factor of production
because it assembles the other factors. The efficient
use of land and
capital depends upon labour which is in turn governed
by management
Management coordinates the other M’s (manpower,
methods, markets, materials, machinery and
money) of an organisation and therefore, it occupies a
unique place among the productive factors as
can be seen.
MANAGEMENT : CONCEPT, NATURE & PROCESS 13
 CO-ORDINATING
Coordination is the function of management which
ensures that different departments and groups work in
sync. Therefore, there is unity of action among the
employees, groups, and departments.

It also brings harmony in carrying out the different

tasks and activities to achieve the organisation’s
objectives efficiently.

MANAGEMENT : CONCEPT, NATURE & PROCESS 14

 CRUCIAL PART OF SOCIETY
Management helps in development of the society as
efficient management in an organisation helps in
meeting the social obligation of the organisation
towards different groups like employees, customers,
suppliers etc. It even helps in contributing a sufficient
percentage in the Gross Domestic Product(GDP) of
an economy.

MANAGEMENT : CONCEPT, NATURE & PROCESS 15

 PROFESSIONAL
It's considered a profession because it consists of special
knowledge, has formal training methods, fees, has a code
of conduct, and has a representative organization.

MANAGEMENT : CONCEPT, NATURE & PROCESS 16

 PROCESS
Management is a process of planning and controlling
the activities of a business or other organization.
Product management processes include POSDICON:

1. PLANNING
2. ORGANISING
3. STAFFING
4. DIRECTING
5. CONTROLLING

MANAGEMENT : CONCEPT, NATURE & PROCESS 17

 UNIVERSAL
Principles of Management are Universal
Management principles as they are applicable to all
kinds of organizations - business & non business.

They are applicable to all levels of management.

Every organization must make best possible use by
the use of management principles.
Therefore, they are universal or all pervasive.

MANAGEMENT : CONCEPT, NATURE & PROCESS 18

 SOCIAL
It implies that Management is not a single person
who completes all the actions of the industry but it is
always a group of people. Therefore, management is
a group endeavor and social.

MANAGEMENT : CONCEPT, NATURE & PROCESS 19

 PROCESS
OF
MANAGEMENT

MANAGEMENT : CONCEPT, NATURE & PROCESS 20

 “ Management Process is a
process of setting goals ,
planning and/or controlling
the organizing and leading the
execution of any type of
activity ”

MANAGEMENT : CONCEPT, NATURE & PROCESS 21

Management
process/functions
involve 4 basic
activities:

Planning and Decision

Making: Determining
Courses of Action.

Organizing: Coordinating
Activities and
Resources.

Leading: Managing,
Motivating and Directing
People.

Controlling: Monitoring
and Evaluating
activities.
PROCESS OF
MANAGEMENT :
Planning

Organizing

Staffing

Directing/Leading

Controlling

MANAGEMENT : CONCEPT, NATURE & PROCESS 23

PLANNING
•It 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, determining what

strategies to use, what steps to take, and
what resources are needed to achieve the
goals.
MANAGEMENT : CONCEPT, NATURE & PROCESS 24
ORGANISING
Organizing is the management function that follows
after planning, it involves the assignment of tasks, the
grouping of tasks into departments and the assignment
of authority with adequate responsibility and allocation
of resources across the organization to achieve
common goals.

Organizing involves the establishment of an intentional

structure of roles through determination and
enumeration of the activities required to achieve the
goals of an enterprise.
MANAGEMENT : CONCEPT, NATURE & PROCESS 25
STAFFING
Staffing is the process of hiring eligible candidates in
the organization or company for specific positions. In
management, the meaning of staffing is an operation of
recruiting the employees by evaluating their skills,
knowledge and then offering them specific job roles
accordingly.

MANAGEMENT : CONCEPT, NATURE & PROCESS 26

DIRECTING/LEADING

Directing/Leading is the heart of management function. All other

functions of management such as planning, organizing, and
staffing have no importance without directing/leading.
Leadership, motivation, supervision, communication are various
aspects of directing.

It refers to a process or technique of instructing, guiding,

inspiring, counselling, overseeing and leading people towards
the accomplishment of organizational goals. It is a continuous
managerial process that goes on throughout the life of the
organization

MANAGEMENT : CONCEPT, NATURE & PROCESS 27

CONTROLLING
Controlling is one of the important functions of a manager. In order to
seek planned results from the subordinates, a manager needs to
exercise effective control over the activities of the subordinates. In other
words, the meaning of controlling function can be defined as ensuring
that activities in an organization are performed as per the plans.
Controlling also ensures that an organization’s resources are being used
effectively & efficiently for the achievement of predetermined goals.

•Controlling is a goal-oriented function.

•It is a primary function of every manager.

•Controlling the function of a manager is a pervasive function

MANAGEMENT : CONCEPT, NATURE & PROCESS 28

 Timeline For Process Of
Management

Determining Courses of Monitoring and Evaluating

Action Hiring eligible candidates activities.

Planning Organizing Staffing Leading Controlling

Coordinating Activities Managing, Motivating and

and Resources Directing People

MANAGEMENT : CONCEPT, NATURE & PROCESS 29

THANK
YOU
U j j v a l a d i t y a Pa n d e y
BBA CAM 1
IIMT

30