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Functions and Importance of Management

This document defines management and its key functions. It states that management is the process of planning, organizing, staffing, directing and controlling an organization to accomplish its goals through efficient use of resources. It describes management as both a science and an art. The four main functions of management are identified as planning, organizing, leading, and controlling. Planning involves determining goals and methods. Organizing involves structuring tasks, assigning roles, and delegating authority. Leading uses influence to motivate employees. Controlling establishes standards and provides feedback to improve performance. Management principles must be adapted to different contexts as environments change.

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10 views17 pages

Functions and Importance of Management

This document defines management and its key functions. It states that management is the process of planning, organizing, staffing, directing and controlling an organization to accomplish its goals through efficient use of resources. It describes management as both a science and an art. The four main functions of management are identified as planning, organizing, leading, and controlling. Planning involves determining goals and methods. Organizing involves structuring tasks, assigning roles, and delegating authority. Leading uses influence to motivate employees. Controlling establishes standards and provides feedback to improve performance. Management principles must be adapted to different contexts as environments change.

Uploaded by

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

Management

Definition, Nature,
Importance And
Functions of
Management
Presented By:
Tanu Chadha

Concept of Management
Management is the art of getting things
done through and with the people in
formally organized groups.
_
Koontz H.
Management is the process of Planning,
Organizing, Staffing, Directing and
Controlling to accomplish organizational
objectives through the coordinated use
of human and material resources.

Nature of Management
Universality of Management
Dynamic nature of Principles
Social Process
Multidisciplinary
Management: Science as well as
an Art

1. Universality of
Management
Principles of management
are universal in the sense
that these can be applied in
different situations e.g.
business, government,
military, hospitals.

2. Dynamic Nature of
Principles
Principles of management are not
rigid or static. Rather they change
with environment. These are
diagnostic and flexible guidelines and
are not absolute truth. Continuous
research is modifying many golden
principles by developing new
principles. Nothing is permanent in
management.

3. Social Process
Management is done by
people, through people and
for people. It is social process
because it is concerned with
interpersonal relations.

4. Multidisciplinary
Management has to deal with
human behavior under dynamic
conditions. Therefore, it
depends upon wide knowledge
derived from several disciplines
like engineering, sociology,
psychology, economics etc.

[Link]: Science as
well as an Art
Management contains a
systematic body of
theoretical knowledge as well
as the practical application of
such knowledge.

Importance of
Management
Achievement of Group Goals
Optimum Utilization of
Resources
Fulfillment of Social Obligations
Stability
Human Development

The Four Functions of


Management
Plannin
g Select
Controlli
ng Monitor
activities &
make
corrections

goals &
ways to
attain
them

Leading

Use
influence
to motivate

Organizi
ng Assign

responsibilit
y for tasks

1. Planning
Planning is the most basic or
primary function of
management. It is basically
deciding in advance, what is
to be done; when is to be
done and by whom it is to be
done.

2. Organizing
After planning, next step is organizing.
The process of organizing consists of
following steps:
[Link] and defining activities to
achieve goal.
[Link] of activities into convenient
and logical group.
[Link] duties to people at various
levels.

Contd.
4. Delegating authority to people at
different level
5. Defining and fixing responsibility for
performance

3. Leading
It consists of :
[Link] orders and instructions
[Link] of Work
[Link] i.e. creating willingness to
work
[Link] with employees
[Link] or influencing the
behavior of employees.

4. Controlling
It consists of:
[Link] standards for
measurement of performance
[Link] performance and
comparing with standard
[Link] reasons for variation among
different employees performance
[Link] corrective action for
attainment of goal

Basic types of Management Skills


1. Technical Skill ability to use tools,
procedures & techniques in a specialized
area.
2. Human Skill ability to work with, understand
& motivate people as individual or groups.
3. Conceptual Skill mental ability to coordinate
& integrate all of an organizations activities,
especially in the long-term decisions affecting
the organization. It is needed to see the
organization as a whole & recognize how the
various factors in a situation are interrelated
so actions taken are in the best interests if
the organization.

17

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