Session 1

Subject : Principles of Management

Topic : Concept of Management

By
Dr.Jignesh Valand
Assistant Professor
MBA Online Program
Centre for Continuing Education and Online Learning
Flow of Session

Management Levels
Key Functions of
Management

Definition
 Definition
• "Management is the process of planning,
organizing, leading, and controlling resources to
achieve organizational goals effectively and
efficiently.“

MEN + AGE + EVENT = MANAGEMENT

HR/RESOURCE TIME TASK

Key Functions of Management
• Planning
• Defining goals, setting objectives, and creating strategies to
achieve them.
• Examples: Strategic planning, operational planning.
• Organizing
• Structuring tasks, allocating resources, and coordinating
activities.
• Elements: Organizational structure, division of labor.
• Leading
• Influencing and guiding employees to achieve organizational
goals.
• Involves: Motivation, communication, leadership styles.
• Controlling
• Monitoring progress, comparing results with goals, and taking
corrective actions.
• Importance of feedback and adjustment.
Management Levels
• Top-Level Management
• Strategic decisions, long- To
term planning. p

• Middle-Level Management
• Implementing plans, Middle
coordinating teams.

• First-Line Management
• Supervising daily tasks, First Line
operational decisions.