Superman

CHAPTER-1

INTRODUCTION TO MANAGEMENT

Management has been defined in different ways, most definitions of the word ‘MANAGEMENT ‘emphasis one common idea:-

It concerns with the accomplishment of objectives through the efforts of people performing certain functions.

LET’S LOOK INTO SOME OF THESE DEFINITIONS:-

* FREEDERICK WINSLOW TAYLOR:-

“Management is knowing exactly what you want men to do and then seeing that they do it in the best and cheapest way “

* PER DRUCKER :-

“Management is a multi-purpose organ that manages a business, manages managers and manages workers and work”

* GEORGE TERRY :-

“Management is a distinct process consisting of planning, organizing, actuating, and controlling performance to determine and accomplish the objectives by the use of people and resources

* KOONTZ :-

“Management is the art of getting things done through and with people in formally organized groups “

* HENERY FAYOL :-

“To manage is to forecast, to plan, to organize, to command, to coordinate and to

Control”

CHARACTERSTICS OF MANAGEMENT :

Various interpretations of management emphasis 3 things:

* Management is a process and involves a series of continues and related activities.

* It tries to concentrate on reaching organizational goals.

* And it reaches these goals by working with and through other people and other organizational resources.

The important features which reveals the nature of management may be started thus:-

* INTANGIBLE- As pointed out by Terry management is intangible. It can’t be seen , it is an unseen force however its presence can be felt in the form of production, sales and profit.

* GOAL OREINTED –Management seeks to achieve goals these goals may be economic or non-economic. In a business organization ,the primary goal is to produce and distribute goods with a view to earn profit, In a service organization the goal might be customer service e.g.- NGO’s

* MANAGEMENT IS...