CHAPTER 1

NATURE AND CONCEPT

OF MANAGEMENT
LESSON 1
The learner shall be able to
discuss the meaning and
functions of management.
Management is the art of
getting things done through
and with people in formally
organized group. HAROLD KOONTZ
“To manage is to forecast and
to plan, to organize, to command,
to coordinate and to control”
Described management as a
multi-purpose organ that
manages business and
manages managers and
manages workers and work
Is the process of utilizing the resources of
the organization in an effective and efficient
manner to attain targeted objectives through
planning , organizing, staffing, leading and

controlling.
EFFECTIVENESS
EFFECTIVENESS
Is doing the
right thing
Is doing things right to avoid
wastes of input resources like
labor, raw materials, and
component parts.
FUNCTIONS
OF MANAGEMENT
Is deciding in advance what is to be done in the
future.
Planning is deciding in advance
what to do, how to do it, when
to do it, and who is to do it.
Planning bridges the gap from
where we are to where we want
to go. It makes it possible for
things to occur which would
not otherwise happen”.
 To organize a business means to
provide it with everything useful to its
functioning –raw materials, tools,
capital, and personnel.

• Is the process of identifying &

grouping works.
• Defining and delegating responsibility.
• Authority & establishing relationships.
• Helps to work efficiently.
 Ensuring of the right person
to the right job at the right
time.

It involves manning the organizational

structure through proper and effective
selection, appraisal and development of
personnel to fill the roles designed in to the
structure.
Involves motivating, communicating,
guiding and encouraging people in
the organization for the achievement
of its goals and objectives in a timely
manner.

It requires the leader to coach,

assist, and problem solve with
employees.
 Involves measuring against the
established objectives and goals

Controlling is the measurement

and correction of performance in
order to make sure that
enterprise objectives and the
plans devised to attain them are
Harold Koontz
accomplished
• All the functions of management are important in
management process.
• It is a continues process.
• It is a group activity.
• It is goal oriented.
• It is a art.
CHARACTERISTIC
S
OF
1. Continuous and never ending process
2. Getting things done through and with people.
3. Result oriented
4. Multidisciplinary in nature
5. A group and not an individual activity
6. Follows established principles or rules.
7. Aided but not replaced by computers
8. Situational in nature.
9. Need not be an ownership
10.Both an art and science
11.Management is all pervasive.
12. Management is intangible
13. Uses a professional approach in work
14. Dynamic in nature.
1.
Make a research
about the history of
Management
Thoughts.