Concept, Nature,

Principles &
Functions of
Management

BBA 101
6/3/2017
 Concept of management
 Every individual works in the organized group to achieve what he
can’t achieve individually
 Management is an essential part of any group
activity. Group can be:-
Family
Play group
Work group
School
Business firm
A government
 Management is universal process
 Wherever there is human activity, there is
management
BBA 101
6/3/2017
Traditional Definition
 “Management is the art of getting things done
through people. A manager is one who
accomplishes organizational
objectives by directing the efforts of others.”
Management is an important part of any goal oriented activity. Every
organization require to plan its action, organize the resources, set a
channel of communication, direct & lead the people and control their
activities to achieve its goal.

BBA 101
6/3/2017
Modern Definition
 Management is the process of getting things done
with the aim of achieving organisational
objectives effectively and efficiently.

BBA 101
6/3/2017
 Modern authors defined it as a process of accomplishing certain
objectives through utilization of human and other resources. It is a process
of getting things done with the aim to achieve organization objectives
effectively and efficiently.

“ Management is creation and maintenance of an internal

environment where individuals working in a group can work
effectively and efficiently to meet the group goal.”
by Harold Koontz

BBA 101
6/3/2017
 Modern Approach
Management is the process of getting things done effectively and
efficiently through and with other people to achieve the organizational
goal. Elements involved are
 Process: Activities involved in getting the things done.
Effectiveness: Completing the assigned task with the time period.
Efficiency: Optimum utilization ofresources.

Effectiveness Efficiency

Taskon time Taskwith min cost

Result centric Optimumutilization of
resources
 Management as a process:
Management is considered as a process because it involves series of functions
which lead to attaining organization objectives. It is a never ending and a
continuous activity which works towards achieving the goals of the organization.
The process of management consist of 5 Elements:
 Features of Management
Goal Oriented
Continuous process
Coordinative Force
Intangible
Group Activity
Accomplishes result through cooperative efforts
Balances effectiveness and efficiency
Science as well as Art.
Dynamic
Pervasive & Universal
Objectives of Management

Optimum Minimizing
Improving
utilization of the element
performance
resources of risk

Growth and Ensuring

Provide Better
Development regular supply
quality goods
of business of goods

Discipline and Research and

Morale Development
Importance of Management

Accomplishment of Goals

Effective utilization of resources

Minimization of cost to combat competition

Increased profit

Sound Organisation

Provides Vision & Foresight

Harmony in Work

Development of Society & Nation

BBA 101
6/3/2017