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    MMH 701 Management Theory and Practice

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    Arun Prasad
    Management involves planning, organizing, staffing, directing, and controlling organizational resources to efficiently achieve goals. It is an abstract process consisting of concepts and principles used to effectively utilize resources and coordinate efforts. As a process, management consists of interrelated activities that must be followed sequentially and involves the five functions. A manager leads and motivates people to accomplish work and is responsible for achieving desired results through others. Management also integrates various groups, is goal-oriented, involves decision-making, and is a universal activity that can be applied in any organization.

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    MMH 701 Management Theory and Practice

    Uploaded by

    Arun Prasad
    16 views14 pages
    Management involves planning, organizing, staffing, directing, and controlling organizational resources to efficiently achieve goals. It is an abstract process consisting of concepts and principles used to effectively utilize resources and coordinate efforts. As a process, management consists of interrelated activities that must be followed sequentially and involves the five functions. A manager leads and motivates people to accomplish work and is responsible for achieving desired results through others. Management also integrates various groups, is goal-oriented, involves decision-making, and is a universal activity that can be applied in any organization.

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    Original Title

    Definitions&NatureofMgmt (1)

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    Management involves planning, organizing, staffing, directing, and controlling organizational resources to efficiently achieve goals. It is an abstract process consisting of concepts and principles used to effectively utilize resources and coordinate efforts. As a process, management consists of interrelated activities that must be followed sequentially and involves the five functions. A manager leads and motivates people to accomplish work and is responsible for achieving desired results through others. Management also integrates various groups, is goal-oriented, involves decision-making, and is a universal activity that can be applied in any organization.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    16 views14 pages

    MMH 701 Management Theory and Practice

    Uploaded by

    Arun Prasad
    Management involves planning, organizing, staffing, directing, and controlling organizational resources to efficiently achieve goals. It is an abstract process consisting of concepts and principles used to effectively utilize resources and coordinate efforts. As a process, management consists of interrelated activities that must be followed sequentially and involves the five functions. A manager leads and motivates people to accomplish work and is responsible for achieving desired results through others. Management also integrates various groups, is goal-oriented, involves decision-making, and is a universal activity that can be applied in any organization.

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    © All Rights Reserved
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    Download as ppt, pdf, or txt
    of 14

    MMH 701

    MANAGEMENT THEORY AND PRACTICE


    MANAGEMENT

    What is management?
    MANAGEMENT

    • Do we follow in our daily life?


    • Do we practice at our home?
    • Where do we observe managing
    resources?
    MANAGEMENT
    • Management is the process of designing and
    maintaining an environment in which individuals,
    working together in groups, efficiently to
    accomplish selected goals.

    • Management is a knowledge consisting of


    concepts, principles, functions and processes,
    used for achieving organisational objectives by
    effective utilization of recourses and coordinated
    efforts.
    MANAGEMENT THEORY AND PRACTICE

    • Management is a process of planning,


    organising, staffing, directing and controlling
    human efforts to achieve organisational
    objectives effectively.
    NATURE OF MANAGEMENT
    NATURE OF MANAGEMENT
    1. MANAGEMENT IS A PROCESS
    -Consists of a series of interrelated activities
    - Steps to be followed in a sequence
    - It is a process of FIVE functions
    - planning

    - organising
    - staffing
    - directing and
    - controlling
    NATURE OF MANAGEMENT
    2) MANAGEMENT IS A ABSTRACT PHENOMENON
    - Can not be seen like or touched like a physical
    object
    - It is invisible and intangible knowledge consisting
    of concepts, functions ,principles etc

    3) GOAL ORIENTED
    - Primary task of management is achieving goals
    - Goals are end expected results, with given
    resources, in time.
    NATURE OF MANAGEMENT
    4 ) DECISION MAKING
    -Vital part of management
    - Success of organisation depends on
    . Quality of decisions
    . Effective execution of decisions in
    implementation
    NATURE OF MANAGEMENT
    5) WORKING WITH THROUGH PEOPLE
    - A manager himself can’t perform the
    actual work but
    he is responsible to get things done
    through the people.
    - A manager leads, motivates, directs and
    controls the human efforts to get the
    desired results.
    NATURE OF MANAGEMENT
    6 ) MANAGEMENT IS AN INTEGRATED ACTIVITY
    – Integrates activities and functions of
    various groups and departments

    – Integration is required to achieve the


    common goals
    NATURE OF MANAGEMENT
    – 7) MANAGEMENT IS AN ART AND
    SCIENCE
    - Art concern with practical use of
    managerial knowledge
    - Science concern with systematic
    development of knowledge
    NATURE OF MANAGEMENT
    8) MANAGEMENT IS A UNIVERSAL ACTIVITY
    - Subject that can be applied
    . Every where
    . At all the time
    .Without any discrimination
    NATURE OF MANAGEMENT
    9) MULTI-DISCIPLINARY SUBJECT
    – Management is a knowledge enriched by
    extracting & applying concepts, principles
    and theories from other disciplines like
    .Economics .Marketing .Sociology
    .Psychology . Mathematics. Statistics

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