Tuesday, November 1, 2011

12th Board ( C.B.S.E ) Chapter One- Nature and Significance of Management

Q. Define Management?
*Tip: Whenever you see or hear 'Define'. Your mind should promptly respond with a definition stated by master people of the topic.

Ans: According to F.w Taylor "Management is the co-ordination of all resources through the process of planning, organising, staffing, directing and controlling in order to attain stated objectives."

** How to remember
-coordination of all resources
-POSDC-planning,organising,staff,directing&controlling
-order to attain
-stated objectives

According to George R.Terry," Management Is a distinct process consisting of planning, organising, activating & controlling performed to determine & accomplish the objectives by the use of people & resources."

According to Koontz and O'Donnell , "  Management is establishing & effective environment for people operating g in formal organisational groups."


Mgt is a set of functions directed at efficient and effective utilisation of resources in the pursuit of organisational goals.





 Concepts oF Management...
Management  as an Activity:
Mgt is an activity which is undertaken to plan, organise,direct and control the human efforts to achieve group objectives. Management as an activity means what the manager does:
Includes the Following
Activities Of a Member
1: Information : * Receiving information
                        * Giving  Information
                        * Public Relations
                        * Representation
                        * Communication
2: Decisional   : * Goal Setting
                        * Planning
                        * Integration
                        * Controlling
                        * Resource Allocator
3: Interpersonal:* Motivation
                        * Supervision
                        * Communication
                        * Leadership
                        * Liaison

Management as a process
Management is regarded a process because it consists a set of series of interrelated managerial steps to achieve the desired results through POSDC and these functions are supposed to be chronologically performed. This Cycle continues in more or less degree at every level in the organisations. It is a continuous and ongoing process.

Management a social Process
Mgt is regarded as social process because it deals with various social groups such as communities, consumers , shareholders, workers, government society, investors etc. Business Users various skills of society and in return it provides product an services.

Management is an Integrating Process
Management integrates human efforts with non-human efforts like
6M's Theory



Continuous Process
Management is recorded as an Continuous Process because it is not a one time process at a particular point of time.  Rather it is an ongoing process which is required at all points of time.  Any lethargy will push back the growth of the firm
Management as an universal Concept
Management is regarded as an universal process because it functions are not restricted to a single business but they are performed in every organization irrespective to the size, nature, location of the business. Where there is group of people there is management.
     

Management as a Discipline
Mgt as a discipline refers to the systematized body of knowledge and as a separate also organised field of study. It has following feature:-
1: It is taught, studied and practiced as a special branch of knowledge.
2: There are specified Institutes for teaching .
3: There are certain theories, principles, concepts, techniques and
     skills.
4: Managers have to follow the code of conduct.
5: It has some specialised experts, thinkers, philosophers who
     communicate the relevant knowledge through research and
     publications.
Management As Science
Science is a systematically organised body of knowledge pertaining to a particular field through enquire which is acquired observation and experimentation which is capable of verification.
Features of science
1: Based on Logical Observations, fact & Events.
2: Existence of systematic body of knowledge.
3: Scientific methods of observations.
4: Principles are based on experiments.
5: It Contains certain principles, theories , concepts & Hypothesis.
6: Principles have cause and effect relationship.
7: Universally accepted principles i.e. they are applicable in the
     real life situations anywhere in common conditions.
8: Validity of the theories can be checked.
9: Principles are developed after careful analysis and enquiry.
10: Principles ensures predictable, definite & exact results.

 Q Why management is considered as a science?

Arguments In favour:
1: Before establishing the business the manager observes some         logical observations which are based on real facts.
2: Management is taught as a specialized field of study.
3: There are same Institutions/systematic bodies like AIIMA, IMA
4: it is studied and practised as a specialised branch.
5:Management theories are universally accepted.
6: Irrespective of the size, location & the nature of business.
7: Applications of principles of management in business are predictable, definite and exact results.
8: In management there is a relationship between cause and effect like - If wages increases, price increases demand decreases, price decreases then demand increases.
9: Various principles used in management can be verfied through research.
10: As science has many parts like surgery, medicines, ENT, likewise in management there is planning, organising, staffing, directing, supervision, communication, motivation, controlling etc..

Tuesday, January 11, 2011

Management is not an Exact Science

According to Peter F.Drucker,
1: Management deals with people and it is very difficult to predict there behaviour accurately since it is a social process therefore management cannot be considered as an exact science.
2: Human Behaviour Cannot be subjected to laboratory experiments.
3: Business is a dynamic activity, business situations and conditions keeps on changing therefore theories can be failed.
4:Mgt  principles do not have universal applicability since there applications and rules has to be modified according to given situation.
5: Business has to honour social ethics, norms, values no one can ignore these. Business has to follow ethics before principles.
6: Methods of observations followed by mgt are not cent percent since the human element which is involved in it can never be treated as constant.
7: Sometimes it is very difficult to establish cause & effect relationship as in chemistry and Physics.
8: Relatively few managers are trained and experienced some of them even don't know the principles of the management.
According to Earnest Dale," Management is a Soft Science."