Professional Documents
Culture Documents
MAIN ELEMENTS
Personal skills,
Practical know-how,
Result-orientation,
Creativity, and
Constant practice aimed at perfection.
MANAGEMENT IS BASICALLY AN
ART BECAUSE-
Like any other artist, a manager applies his
knowledge & skills to coordinate the efforts of
his people.
It seeks to achieve concrete practical results.
Like any other art, it is creative.
It is personalized process.
It leads to realisation of organizational and
other goals.
MANAGEMENT AS A SCIENCE
MAIN ELEMENTS
Systematized body of knowledge.
It contains underlying principles & theories.
Principles have universal applicability.
Organized body of knowledge can be thought
& learnt in the classroom & outside.
MANAGEMENT IS A SCIENCE
BECAUSE
There is now a systematized body of
knowledge.
Principles of management have been evolved
through practical experience & theoretical
research over several decades.
It have a wide & repetitive range of
application.
Management theory & principles can be
thought in classrooms & in industry.
MANG. AS A PROFFESION
MIDDLE
MANAGEMENT
SUPERVISORY/
OPERATING MANG.
MANAGEMENT PROCESS
Continuity.
Circular.
Social.
Composite.
MANAGERIAL ELEMENTS/
FUNCTIONS
Planning,
Organising,
Staffing,
Directing,
Controlling.
POSDCORB- Luther Gullick,
Innovation & Representation- Ernest Dale.
PROCESS OF MANAGEMENT
MONEY PRODUCTIVITY
PROCESS OF MANAGEMENT
MATERIALS GROWTH
MACHINERY TAXES
DIRECTING
MANAGERIAL & OPERATIVE
FUNCTIONS
MANAGERIAL OPERATIVE
FUNCTIONS FUNCTIONS
Planning, Production,
Organizing, Marketing,
staffing, Purchasing,
Directing, Financing,
Controlling. Personnel.
MANAGEMENT & ENVIRONMENT
MEGA ENVIRONMENT
TASK ENVIRONMENT
ORG
MEGA-ENVIRONMENT
Technological environment,
Economic environment,
Socio-cultural environment,
Legal-political environment,
International environment.
TASK ENVIRONMENT
Customers,
Competitors,
Suppliers,
Government,
Labor supply.
INTERNAL ENVIRONMENT
OWNERS,
MANAGERS,
EMPLOYEES,
ORGANIZATION CULTURE.
BUSINESS & ENV INTERFACE
Exchange of information,
Exchange of resources,
Exchange of influence & power.
MANAGING THE ENV. BUSINESS
INTERFACE
Wait & Watch,
Anticipation & Adoption,
Innovative Approach,
Autonomous & Commanding Thrusts.
SOCIAL RESPONSBILITY
AND ETHICS
CONCEPT OF SOCIAL
RESPONSBILITY
It implies responsibility to society beyond
the basic economic responsibility of
efficiency & profitability. As an economic
agent of society, a business enterprise
must use its economic power to protect
& promote public interest & social
values.
DEFINATION
OTHERS CUSTOMERS
BUSINESS
COMMUNITY EMPLOYEES
GOVERNMENT
MANAGEMENT ETHICS
Ethics is derived from the Greek word
‘ethos’ which means a person’s
fundamental orientation toward life.
Managerial ethics refers to the moral
standards used to govern manager’s
behavior & to determine right or wrong,
good or evil.
Ethical standards may change overtime
& differ from culture to culture.
Ethical issues are inevitable in
business.
These can be divided into four levels:
Societal,
Stakeholders,
Internal
policy,
Personal.