A Class notes for MBA- first year students, on principles of management in simple language,- Introduction of management, Scientific management(Taylor law). this blog guide the student to achieve your career, personality development and career,job related article.
The nature of management
has the following features.
Universal process: - Management is universal in nature;
it is applied in all types of process like commercial, social or political.
Management exists everywhere in universe. The basic principles of management
can be applied everywhere, whether they are business or non-business
Continuous Process: - Management is a never ending
process. Management is a continuous process because it always carries the past
decisions for the future course of action to achieve organization goals.
Multi-disciplinary method: - Management is
basically multi-disciplinary; it depends on the proper knowledge and skill of
various disciplines such as economics statistics, anthropology, psychology,
Group activity: - Management requires the use
of group-efforts to achieve their goal. Management is a vital part of group
activities. Management unites with their goal what they cannot achieve individually.
Intangible force: - Management is intangible.
It is an unseen force, but its presents seem in the form of results.
Social Management: - Management is a social
process in nature, it essentially involves managing people, it concern to developing,
retaining and motivating people at work place and also care of their satisfaction.
Coordinating force: - Management cannot do
anything by them. They should get their work done by organization’s member. In the
any organization, management coordinates the efforts of human recourse through orderly.
- Management is a goal oriented in nature. It works only to achieve particular
goal which decide by the organization.
Relative, not absolute principles: - Management
principles are relative not absolute, because they should be applied according
to need and condition of the organization.
An integrative method: - Management integrated the
living and non-living resources to achieve the desired goal.
post shared here are base on my study in case you find anything wrong and
missing points than please bring it to my notice.
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Management is the catalyst
and brain of industry without which no any organization can established or
survive in the business environment. But, management was not know in old times
as it presently seems, it became this world at the beginning of the industrial
revolution when the scale of production
became vary large and need to control its various stage of production and
distribution problems in the industries. This problem required an immediate
action and attention for the coordinate of work. Thus management was born in
industries to solve and manage industrial conditions. Now management is
worldwide in the modern industry. It becomes essential part of modern industrial
According to Trucker,"management
is the dynamic life-giving element in every business. Without it the resources
of production remain resources and never become production. Management is the
catalyst without which no organization can survive and grow”.
to Peter Druker,” management is the crucial factor in economic and
Thus the importance of
management can be summarized as below-
objectives and goals: - Management determines the objectives and main goals for the
- Management encourages to using new technology
and ideas. Innovation makes the organization more efficient.
- Management provides guidance to the workers to
work properly and efficiently.
-Management motivates the workers to work hard by
providing them various incentives. They also solve their personal problems.In this way they can boost
the productivity and profitability of the organization.
cost by increasing output: - Management does work through planning, organizing and controlling;
thus, it reducing the cost and increasing the output.
utilization of resources: - Management utilizes all the physical and human resource effectively;
this leads to efficiency in organization. Management provides maximum
utilization of scare resources by selecting its best possible alternate. It
avoids wastage to utilize proper resources.
of well qualified human power: - Management selects well qualified and expert human power for different
helps in serving an organization in its dynamic environment. It enables the
organization to survive in changing environment. The environment of organization changes due to external complexities
and hence management has to deal with it. To establish sound organizational structure
is one of the objectives of management.
for society: - Management provided
good standard of living to his workers. And management provides useful and quality
products to the consumers.
At the last, in
the word of Peter Druker,
“Management is the dynamic life
giving element in every business without it the resources of production remains
resources and never become production”.
Notes- this post shared here are base on my study
in case you find anything wrong and missing points than please bring it to my
Managing an organization effectively requires the
formulation of clear objectives. The objective is well defined, and the
objective points (question) of making necessary efforts to achieve it. Objects
and aims direct a man to proceed in a certain way for achieving organizational aims.
Objective serves as guidelines or landmarks or road lines
for action and efforts to achieve managerial goal. Well defined objective steers an organization to success.
According to George R.
managerial objective is the goal which prescribes definite scope and suggests
the efforts of a manager."
In the words of Peter F.
Drucker,"Objectives in the key areas are the
'instrument panel' necessary to pilot the business enterprise. Without them the
management flies by the 'seat of the pants' without landmarks, without maps and
without having flow route before."
According to Heinz
Weihrich and Harold Koontz defined objectives of management as, “A systematic
manner and that is consciously directed toward that effective and efficient
achievement of organizational and individual objectives”.
provides a direction for the organization goal and quality of work to be
accomplished within a given period of time.
are the values which are to be achieved by the organization. These objectives set
by the higher management; and every level of management, a supervisor of a team
sets the objectives and also decides the process to achieve them. For achieving
the objectives, it is essential that the managerial objectives are clear and
main objectives of management:-
increasing organizational effectiveness.
achieve optimum utilization of various resources.
have co-ordination between various department in the organization.
have co-ordination between various agencies, and company.
control the material quality.
reduces the execution time for various activities of the organization.
control the quality of workmanship.
manage and control economy execution.
Notes:this post shared here are base on my knowledge and study in case you find anything wrong and missing points than bring it to my notice.