Management

is the art, of getting things done through and with people in formally organised groups. Management is a group or team of managers who together carry out various managerial activities. Management is the art of knowing What you want to do & then seeing that it is done in the best & cheapest way.

Management

is a process It is an integral method It is a human activity It is a social process It is universal It is needed at all level of org. It is group activity Multi-disciplinary method Intangible force Management is getting thing done Dynamic nature of principles It is both science and an art

Helpful

in optimum utilization of resources Helpful in more production Help to expand Organization Helpful in efficient & smooth running of business Provide new innovative ideas ,imagination & vision to the organization Establishing coordination among different parties of an institution. Development of society

1.Subject matter of management 2.Functional area of management Production management Financial management Personnel management Material management Marketing management 3. Management is an Inter-disciplinary approach

Max.

result in min. effort Higher efficiency Satisfaction of customer Better workforce Relationship with suppliers Better working condition Contribution to national goals

LEVELS OF MANAGEMENT
Top

Management
Chairman

Top
Mgt.

Board

of directors Chief executive

Middle

management
head Branch head
Foreman Supervisor Sales

Departmental

Middle Mgt.

Lower

management

persons

Lower Mgt.

Input
Men & Women Material Machines Methods Money Markets

Process of management
Planning
Staffing & Directing

Output

Goods & Services Customer satisfaction Profit

Organizing

Controlling

Growth

PROCESS OF MANAGEMENT

ORGANISIN G

PLANNIN G

STAFFIN G

CONTROLLI NG

DIRECTI NG

Planning:-planning

is the conscious determination of future course of action. this involves why action , what
action, how to take action, and when to take action . Thus planning includes determination of specific objectives , determining projects and programmes , setting policies and strategies, setting rules and procedures , and preparing objectives. Organizing:-organizing is the process of dividing work into convenient tasks or duties ,grouping of such duties in the form of positions , grouping of various positions into departments and sections, assigning duties to individual positions, and delegating authority to each position , assigning duties to individual positions ,so that the work is carried out as planned .

positions created by the organizing process. It includes preparing inventory of personnel available and identifying the gap between manpower required and available.

staffing staffing involves manning the various

Directing-

when the people are available in the organization , they must know what they are expected to do in the organization. superior managers fulfill this requirement by communicating to subordinates about their expected behaviour.

 Controlling-

controlling involves identification of actual results , comparison of actual results with expected results as set by planned process, identification of deviation between the two , if any , and taking of corrective action so that actual results match with the expected result.

Ability

to think Broad vision Clear expression Technical ability Human resource skills Dynamic personality Emotional stability Integrity Organizational ability

1. 2.

3.
4.

Production Management Financial Management Marketing Management Personnel Management