MANAGEMENT
IBRAHIM VISHAL / MAIII-101

CONTENTS
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•
•
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Meaning of Management
Definition of Management
Functions of Management
Nature of Management

MEANING
• Management is the art of getting things done by a
group of people with effective utilization of
available resources
• An Individual cannot be treated as a managing body
running any organization
• A minimum of two persons are essential to form a
management

DEFINITION
• Management is the art of getting things done
through an informally organized group.
- Harold Koontz • Management is the process by which a co-operative
group directs actions towards common goal.
- Joseph L. Massie • Management is the art of directing and inspiring
people.
- James D. Mooney -

FUNCTIONS
Art as well as
Science
Management
is an Activity
Management is
a Continuous
Process

• Art in the sense of possessing of managing skill
• Art in the sense of possessing of managing skill
by a person.
by a person.
• Science in the sense of developing certain
• Science in the sense of developing certain
principles or laws which are applicable in a
principles or laws which are applicable in a
place where a group of activities are
place where a group of activities are
co-ordinated.
co-ordinated.

• Management is the process of activity relating
• Management is the process of activity relating
to effective utilization of available resources.
to effective utilization of available resources.
• Resources being Men – Money – Materials –
• Resources being Men – Money – Materials –
Machine
Machine

• Process of Management mainly consist of
• Process of Management mainly consist of
Planning, Organizing, Directing & Controlling
Planning, Organizing, Directing & Controlling
the Resources.
the Resources.
• The management function of any one alone
• The management function of any one alone
cannot produce any results in the absence of
cannot produce any results in the absence of
basic functions of Management.
basic functions of Management.

FUNCTIONS
Achieving
Pre-Determin
ed Objectives
Organized
Activities
Management is
a factor of
Production

• Objectives of the organization are clearly
• Objectives of the organization are clearly
laid down.
laid down.
• Every managerial activity has to result in
• Every managerial activity has to result in
achievement of those objectives
achievement of those objectives

• Management is a group of organized
• Management is a group of organized
activities.
activities.
• Group of people perform in a systematic
• Group of people perform in a systematic
manner to achieve those objectives.
manner to achieve those objectives.

• The factors of production includes land,
• The factors of production includes land,
labor, capital and entrepreneurs.
labor, capital and entrepreneurs.
• The organization goals are achieved only
• The organization goals are achieved only
when these are effectively co-ordinated by
when these are effectively co-ordinated by
the entrepreneur.
the entrepreneur.

NATURE

• Management is a group activity. Management is a
vital part of group activity. As no individual can
satisfy all his needs himself, he unites with his
co-workers and work together as an organized group
to achieve what he can not achieve individually.
• Management is goal oriented: Management is a goal
oriented activity. It works to achieve some
predetermined objectives or goals which may be
economic or social.

NATURE

• Management is an art: Management is considered
as art as both requires skills, knowledge, experience
and creativity for achievement of desired results.
• Continuous Process: Management is a never ending
process. It will remain the part of organization till
the organization itself exists. Management is an
unending process as past decisions always carry
their impact for the future course of action.

CONCLUSION
• Management is the dynamic life giving element in
every business. Management is art because
Knowledge without is useless and skill without
knowledge means zero. Without management an
organization cannot be stable.

REFERENCE

• http://en.wikipedia.org/
• http://www.allsubjects4you.com/
• http://smallbusiness.com/

THANKYOU