Introduction to management.pptx

Module 1
PRINCIPLES OF MANAGEMENT
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA

DEFINITION
According to Lawrence A Appley, “Management is the development of people and not the direction of
things”.
According to Joseph Massie, “Management is defined as the process by which a co-operative group directs
action towards common goals”.
In the words of George R Terry, “Management is a distinct process consisting of planning, organising,
actuating and controlling performed to determine and accomplish the objectives by the use of people and
resources”.
In the words of Henry Fayol, “To manage is to forecast and to plan, to organise, to command, to co-
ordinate and to control”.
According to Peter F Drucker, “Management is a multi-purpose organ that manages a business and manages
managers and manages worker and work”.

Nature
1.Universal
2.Social
3.Intangible
4.Dynamic
5.Goal-Oriented
6.Production Factor
7.Co-ordinating
8.Crucial Part of Society
9.Professional
10.Process
https://www.upgrad.com/blog/nature-scope-of-management/

Scope of Management
Herbison and Myres have yet tried to restrict it under three broad groups, viz.
1. Economic Resource
2. System of Authority
3. Class or Elite

Characteristics of Management
https://businessjargons.com/management.html

Task
Illustrate an example of managerial activities
you ever involved in and enlist the purposes
of each of them.

Functions of Management
https://www.managementstudyguide.com/management_functions.htm

Who is a Manager?
A Manager is the person responsible for planning and directing the work of a
group of individuals, monitoring their work, and taking corrective action when
necessary

Roles of a Manager

Task
Analyse your performance in different roles of
managers that you have to play in day to day
activities.

Managing a Supermarket Chain
Mr. Vincent, the Manager of a large supermarket, was taking a management course in the evening
programme at the local college. The Professor had given an interesting but disturbing lecture the previous
night on the various approaches to management. Vincent had always thought that management involved
just planning, organising and controlling. Now this Professor was saying that management could also be
thought of as quantitative models, systems theory and analysis, and even something called contingency
relationships. Vincent had always considered himself a good manager, and his record with the supermarket
chain had proved it. He thought of himself, “I have never used operations research models, thought of my
store as an open system, or developed or utilised any contingency relationship. By doing a little planning
ahead, organising the store, and making some things got done, I have been a successful manager. That
other stuff just does not make sense. All the professor was trying to do was complicate things. I guess I will
have to know it for the test, but I am sticking with my old plan, organise and control approach to managing
my store.”

Your best quote that reflects your
approach… “It’s one small step for
man, one giant leap for mankind.”
- NEIL ARMSTRONG

Introduction to management.pptx

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