NATURE AND SIGNIFICANCE
OF MANAGEMENT
# Definition of Management.
1) “Management is the art of getting thing done through other and with formally
organized groups.” (By Harlod Koontz)
2) “Management is a distinct process consisting of planning, organising, actuating and
controlling; utilising in each both science and art, followed in order to accomplish
pre-determined objectives.”(By George R. Terry)
3) “Management is the art of knowledge what you want to do and then seeing that
they do it in the best and cheapest way.” (By F.W Taylor)
Basis of Difference Effectiveness Efficiency
1.Meaning In this time matters for In this work should
a work no matter complete in cost-
whatever the cost. effective manner.
2.Objective To get result on time. To conduct cost-benefit
analysis.
3.Main Consideration Time Cost
4.Technique to learn Effective-Time Efficiency-Cost
Features of Management
Manaegment is a
Management is All- Management is a
Goal-oriented
pervasive. Multidimensional.
Process.
Every organisation Management is The management is
have some goals applicable at all three dimensional
like for a school place wheter it activity.
good education, for conduct in India or 1)Manegement of
a hospital good Japan. What Work.
srvice. To achieve Manegers do in 2)Management of
these goal USA, the India, People.
management is very Japan or Germany is 3)Management of
important and the same. operation.
without useing To do the work
management we would be quite
can not get the different because of
goals. culture and
4)Management is a continuous
traditions.process: It is not a process for a once
it works on regular basis.
5)Management is a Group activity: Management is not a work of a
person in fact it is the work perform by group of person.
6)Management is a Intangible Force.
Objective of Management
, 1) Organisational Objective
2) Social Objective
3) Personal objective.
Organisational Objective: It related to objective of fuller
utilization of resources of an organization whether related to
human resource or another.
It mainly include 3 major par
Survival: It is the first thing which a
business thinks that his business survive
for a long time.
Profit: It is the next and important which a
business thinks about after survival that
he earn more profit as possible.
Growth: After profit any business work for
the growth and expansion of the business
from which he can stay in the market.
Social Objective: It refers to the consideration of the interest of
the society during managerial activities.
Like: To make available employment in society.
To save environment etc.,
Personal Objective: It related to employee of a organization.
Like: Financial Needs, Social Needs etc.,
#Management as Science, Art and Profession.
1) As a science.
Method to learn.
Systematised Principles are universal valid
a)Systematised- Systematised body of Knowledge
b)Principles- Principles Based on Experimentation
c)Universal Valid- Universal Validity
2) As a Art
OF MANAGEMENT
# Definition of Management.
1) “Management is the art of getting thing done through other and with formally
organized groups.” (By Harlod Koontz)
2) “Management is a distinct process consisting of planning, organising, actuating and
controlling; utilising in each both science and art, followed in order to accomplish
pre-determined objectives.”(By George R. Terry)
3) “Management is the art of knowledge what you want to do and then seeing that
they do it in the best and cheapest way.” (By F.W Taylor)
Basis of Difference Effectiveness Efficiency
1.Meaning In this time matters for In this work should
a work no matter complete in cost-
whatever the cost. effective manner.
2.Objective To get result on time. To conduct cost-benefit
analysis.
3.Main Consideration Time Cost
4.Technique to learn Effective-Time Efficiency-Cost
Features of Management
Manaegment is a
Management is All- Management is a
Goal-oriented
pervasive. Multidimensional.
Process.
Every organisation Management is The management is
have some goals applicable at all three dimensional
like for a school place wheter it activity.
good education, for conduct in India or 1)Manegement of
a hospital good Japan. What Work.
srvice. To achieve Manegers do in 2)Management of
these goal USA, the India, People.
management is very Japan or Germany is 3)Management of
important and the same. operation.
without useing To do the work
management we would be quite
can not get the different because of
goals. culture and
4)Management is a continuous
traditions.process: It is not a process for a once
it works on regular basis.
5)Management is a Group activity: Management is not a work of a
person in fact it is the work perform by group of person.
6)Management is a Intangible Force.
Objective of Management
, 1) Organisational Objective
2) Social Objective
3) Personal objective.
Organisational Objective: It related to objective of fuller
utilization of resources of an organization whether related to
human resource or another.
It mainly include 3 major par
Survival: It is the first thing which a
business thinks that his business survive
for a long time.
Profit: It is the next and important which a
business thinks about after survival that
he earn more profit as possible.
Growth: After profit any business work for
the growth and expansion of the business
from which he can stay in the market.
Social Objective: It refers to the consideration of the interest of
the society during managerial activities.
Like: To make available employment in society.
To save environment etc.,
Personal Objective: It related to employee of a organization.
Like: Financial Needs, Social Needs etc.,
#Management as Science, Art and Profession.
1) As a science.
Method to learn.
Systematised Principles are universal valid
a)Systematised- Systematised body of Knowledge
b)Principles- Principles Based on Experimentation
c)Universal Valid- Universal Validity
2) As a Art
