MANAGEMENT

Basic Concepts in Management

Process
 MANAGEMENT
• What is management all about?
• Different meanings of management
• Basic concepts in management process
• RECAP
Lets Share Your
Thoughts
About Management
What is Management all about?
• Management is about people, its about
machines, about cash, about career etc.
• It is there in schools, colleges, army,
hospitals, hotels and even in homes.
• In brief, it is everywhere in our lives So---
• We can say that management is about the
LIFE itself.
 Meanings of Management

MANAGEMENT

As a Process As a Subject As People As a Career

 Meanings of Management
• Management as a Process:
• Examples:
– a well managed Hospital, a well managed
Restaurant an ill managed Traffic system
• Here, Management refers to a process
where something must be done by
somebody to put things in order and keep
the system running smoothly
 Meanings of Management
• Management as a Discipline/Subject
• Examples:
– He is studying management
– I am a student of management
– He is doing MBA with major in Management
 Meanings of Management
• Management as People:
• Examples:
– The Management of Kardan has decided to
start a new program
– This hotel has got a totally new management
– She is a good manager
– Terms like Field manager, office manager
 Meanings of Management
• Management as a Career:
• Examples:
– After completing my MBA, I’d like to go to
Product Management/ Finance management/
Human Resource Management
 Meanings of Management
• Conclusion:
• The term Management may refers to a
process, a discipline of study, a group of
people in certain positions and a
profession or career as well

• We are studying management here as a

“P R O C E S S”
 Definition of Management
• Definition:
“Management is the process undertaken by
one or more persons to coordinate the
activities of other persons to achieve
results not achievable by any one person
acting alone”
 Self Assessment
• How can we define a Manager now---?
• Have you ever been a Manager for a
while?
 Management as a Process
• What is a process
• What is an act or event
• In order to practice the process of
management, a manager has to perform
certain activities or functions. These are
called basic management functions
 Basic Management Functions

LEADING

PLANNING ORGANIZING CONTROLLING PERFORMANCE

FEEDBACK
 Basic Management Functions
• THE PLANNING FUNCTION: (What to Do
& How to Do)
– Planning is done by managers at all levels
– It provides the plans that are needed to give
the organization its objectives
– Manager through their plans , outline what the
organization must do to be successful
– A plan may be short term or long term
– Proper planning prevents pathetic performance
– Example: Your Future Plans-------!
 PLANNING: DEFINED
• Definition: planning is the process of
setting goals and deciding how best to
achieve them
 Basic Management Functions
• THE ORGANIZING FUNCTION: (Who will Do
What)
– To create a structure of Tasks and Authority
relationship and to maintain it.
– The purpose of organizing function is to turn
Plans into Actions
– Right person for the right job, who will do what
– Who reports to whom (define a Hierarchy)
– Example: Your Home
– Organizations may be formal or informal
 ORGANIZING: DEFINED
• Definition: organizing is the process of
allocating and arranging resources so that
plans can be carried out successfully
 Basic Management Functions
• THE LEADING FUNCTION: (Lets do it!)
– Leading is to move the people towards the
common objectives of the organization
already defined in the planning stage
– Leading is also sometimes called as Directing
or Motivating
– It is influencing the members of organization
to perform in a way that will help in achieving
the organization objectives
 LEADING: DEFINED
• Definition: Leading is the process of
influencing others to engage in the work
behaviors necessary to reach the
organization goals
 Basic Management Functions
• THE CONTROLLING FUNCTION: (Has it
been done correctly)
– Matching the actual performance with the
performance standards
– This is done in 3 steps:
• Establishing standards of performance
• Assessing deviation from standards agreed
• Taking corrective actions
– The purpose of controlling is to keep the
organization on the path planned for it
 CONTROLLING: DEFINED
• Definition: Controlling is the process of
regulating organizational activities so that
actual performance conforms to expected
organizational standards and goals
 Basic Concepts in Management
A Recap
• What is management all about?
• Different meanings of management
• Basic concepts in management process
– Planning: What and How to Do
– Organizing: Who will Do What
– Leading: Lets Do it
– Controlling: Has it been Done Correctly
 Last Question!

Were we able to explain and

understand the Basic Concepts in
Management Process---?