Download - Management PPT By GEOSPHIN GEORGE
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MANAGEMENT
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WHAT IS MANAGEMENT?
• The group of individuals who make decisions about how a business is run.
• The initiation & maintenance of an investment portfolio.
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DEFINITION
• “Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.”
Harold Koontz and Heinz
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CHARACTERISTICS
• Management is a goal-oriented process.• Management is all pervasive.• Management is group activity.• Management is a continuous process.• Management is a dynamic function.
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OBJECTIVE
1.Organisational objective.2.Social objective.3.Personal objective.
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IMPORTANCE
• Management helps in achieving group goals.• Management increase efficiency.• Management creates a dynamics organization.• Management helps in achieving personal objectives.• Management helps in the development of society.
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LEVELS OF MANAGEMENT
• 1. Top management.• 2. Middle management.• 3.Lower management.
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FUNCTIONS
• Planning:- planning is the process of thinking about & organizing the activities required to achieve a desired goal.
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• Organizing:- organizing is a general sense means systematic arrangement of activities.
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• Staffing:- staffing simply stated, is finding the right people for the right job.
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• Directing:- directing is a function of management performed by top level management in order to achieve organizational goals.
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• Controlling:- controlling is the management function of monitoring organizational performance towards the attainment of organizational goal.
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COORDINATION – THE ESSENCE OF MANAGEMENT
Coordination is the force that binds all the other functions of management . It is common thread that runs through all activities such as purchase , production , sales , and finance to ensure continuity in the working of the organization.
• #Characteristics:-• 1.Coordination increases group efforts.• 2.Coordination ensures unity of action.• 3.Coordination is a continuous process.• 4.Coordination is an all pervasive.• 5.Coordination is the responsibility of all managers.
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