Essentials of Management: Understanding Concepts, Characteristics, and Functions
The chapter explores key aspects of management, including its definition, objectives, and characteristics. Management is depicted as the process of achieving organizational goals effectively and efficiently through planning, organizing, staffing, directing, and controlling resources. Various definitions by experts such as Louis E. Boone, David L. Kurtz, Mary Parker Follet, and Frederick Taylor are highlighted, emphasizing the utilization of resources to accomplish objectives. The distinctive characteristics of management as an organized activity aiming for predetermined objectives, blending science and art, and integrating human and other resources are discussed.
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Presentation Transcript
INTRODUCTION TO MANAGEMENT CHAPTER 1
Objectives of the chapter Understanding management concepts Characteristics of management Functions of management
MANAGEMENT Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, staffing, directing and controlling organizational resources. Organizational resources include men(human beings), money, machines and materials.
Definitions Louis E Boone & David L Kurtz- The use of people and other resources to accomplish objectives. Mary Parker Follet- the act of getting things done through people. Frederick Taylor defines Management as the art of knowing what you want to do in the best and cheapest way.
Characteristics Management is a distinct process. Management is an organized activity Management aims at the accomplishment of predetermined objectives. Management is both a science and an art. Management is a group activity Management principles are universal in nature Management integrates human and other resources.
