Scribd
Upload
21 views10 pages

Understanding the Art and Science of Management

The document discusses definitions and perspectives on management. Management is defined as a process involving planning, organizing, directing, and controlling organizational resources to achieve goals efficiently. It requires both knowledge (science) and skills (art) and is influenced by various disciplines. Management affects and is affected by internal and external environments.

Uploaded by

ABDUL ALEEM
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
21 views10 pages

Understanding the Art and Science of Management

The document discusses definitions and perspectives on management. Management is defined as a process involving planning, organizing, directing, and controlling organizational resources to achieve goals efficiently. It requires both knowledge (science) and skills (art) and is influenced by various disciplines. Management affects and is affected by internal and external environments.

Uploaded by

ABDUL ALEEM
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Management

• According to Marry Parker Folly:


“Management is an art of getting things done through people.”

• According to Harold Koontz:


“Management is a process of designing and maintaining an
environment in which individuals, working together in groups,
efficiently accomplish selected aims and objectives.”

• According to Peter Drucker:


“Management is a multi-purpose organ that manages a business,
manages managers and manages workers and world.”
Management
• General Definition:

“Management is a process of planning, organizing, directing

and controlling the activities of and using resources of an

organization for accomplishing the organizational goals

efficiently and effectively in an ever changing environment”


Is Management Art of
Science?
Management
It is combination of art and science both, because;

• A person requires knowledge of management principles.

(Science)

• Skills are also required to utilize that knowledge. (Art)


Management
• It is multi- disciplinary discipline.
• It has theories, principles and concepts based on following
fields:
Economics
Sociology
Psychology
mathematics
Information technology
& others…..
Management

• Management is intangible:

It can not be touched or seen but its existence can be felt.

• It is pervasive at all levels:


Every manager at top, middle or supervisory levels perform
some managerial functions and activities.
Management
• It is an environment oriented activity:
External environment affects an organization to a great
extent. Accordingly internal environment needs to be managed.

• It is optimal utilization of resources:


Physical, financial and informational resources must be
optimally utilized.
Importance of Management
• Effective utilization of resources.

• Development of resources.

• To incorporate innovations.

• To have better coordination among different departments.

• Provide a sense of security and oneness to employees.

• To complete the tasks within the stipulated time frame, Cost and of required
quality.
6 M’s of Management
6 M’s of Management

• Manpower

• Money

• Materials

• Machinery

• Methods

• Market

You might also like