CONCEPT OF MANAGEMENT

Meaning Of Management
Definitions of Management
Objective of Management
Management Concept
OBJECTIVES OF MANAGEMENT

 Protecting the owner’s Interest

 Helpful in achieving the predetermined
objectives
 Development of Labor force
 Getting maximum results through minimum
efforts
 To increase the efficiency of the factors of
production
 Maximum utilization of available resources
 Management Concepts

Money
Materiel

Method Management

Machinery
Manpower
Management As A Process

 Management is a Continuous Process

 Management is a Social Process
 Management is a integrating Process
 Management as a Discipline
Management as a Group
Management as a Human Process
Management:As a Social Responsibility
Towards Employee
Towards Community
Towards Self
Towards Government
Towards Consumers etc.
 Nature Of Management
Importance of Management
Management as an Art
Management as a Science
Management is Both – A Science & An Art
Management V/s Administrations
 Importance of Management
 Reduces Costs
 Establish a sound Organization
 Generation of employment
 Growth of an organization
 Overcome competition
 Development of the Nation
 Management as an Art
 The process of management does involve the
use of know-how & Skills like any other art
such as Music, Painting etc.
 The process of management is directed to
achieve certain concrete result as other fields
of Art do.
 Management is creative like any other art
creativity is a major dimension in managerial
Success. It Creates new situations for further
improvements.
 Management as a Science

Universally accepted principles.

Establish relationship between
causes & effects
Predictability of the result.
Management V/s Administration