Principles of Management-Management-Concept & Meaning

TRINITY INSTITUTE OF PROFESSIONAL STUDIES

Sector – 9, Dwarka Institutional Area, New Delhi-75Affiliated Institution of G.G.S.IP.U, Delhi

BCA (Second Semester)

Principles of Management20104

Management-Concept & Meaning

By: Saguna Khajuria Assistant Professor

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management- Traditional Approach

• “Management is defined as the art of getting things done through others.”

– Art: a range of skills are required to get things done from others

– Get things done: to get things done in an organized and disciplined manner

– Through people: people who may be managers or non-managers.

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Modern Approach

• “Management is the process of getting things done with the aim of achieving organizational objectives effectively and efficiently. “

• “Management is the creation and maintenance of an internal environment in am enterprise where individuals, working in groups, can perform efficiently and effectively towards the attainment of group goals.” [Harold Kootz & Weirich]

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management - Meaning

• Management as an economic resource

Management

Manpower

Materials

MachineryMethods

Money

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management - Meaning

• Management as a team

• Management as an academic discipline

• Management as a process

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management: Nature & Characteristics

• Universal process• Goal oriented/ is a purposeful activity• Continuous process• Creative• Coordinative or unifying force• Group phenomenon• Intangible force• Social process• Multidisciplinary• Balances effectiveness and efficiency• Situational• Executive function• Art as well as science

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management as an Art

• Main elements of art are:– Personal skills– Practical know-how– Result-orientation– Creativity– Constant practice aimed at perfection

Management complies with the above points, so it is an art.

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management as a Science

• Essential elements of science are:– Systematized body of knowledge– Contains unifying principles and theories – Has universal applicability– Can be taught and learnt

Since Management conforms to the above points, it is said to be a science.

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Importance of Management

• Accomplishment of goals• Effective utilization of goals• Sound organization• Providing vision and foresight• Harmony in work• Helping the employees in achieving personal

objectives• Development of society and nation

Thank You

TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Key words: Management, economic resource, art, science, goals, knowledge.