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
*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..
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..
