Meaning| Definition| Concept| Importance of Management

    importance of principle of management

    Meaning And Definitions


    Successful organizations do not achieve their goals by chance but by following a deliberate process called management.

    Management is essential for all organizations big or small, profit or non-profit, service or manufacturing management is necessary so that individuals make their best contribution towards group objectives.

     

    Management consists of a series of inter-related functions that are performed by all managers, for examples, managers have to plan the objective of the firm, organise resources to achieve that objective, recruit and select employees who can implement these objectives. Giving directions, communicating and motivating these employees to achieve objectives effectively and efficiently and ultimately checking whether everything is going as per plan or not.

     

    However, the time spent by managers in different functions is different. Managers at top-level spent more time in planning and organising than the managers at a lower level.

     

    Definitions by different authors:

     

    "Management is the creation of an internal environment where individuals working in a group can perform effectively and efficiently for the achievement of organisational goal."

     

    "Management is establishing an effective environment for people operating in formal organisational group.”

    -Kootz and O'Donnel

     

    "Management is the art of knowing exactly what you want your men to do and then seeing that they do it in the best and cheapest way.”

    -James L. Ludney

    "Management is the coordination of all resources through the process of planning, organising, directing and controlling in order to attain stated objectives.”

    -F.W. Taylor

    "Management is the process by which a cooperative group directs actions of others towards common goals.”

    Marrie and Douglas

     

     

    Concept of Management

     

    concept of management class 12

     A precise definition of management is not so simple because the term management is used in a variety of ways. Being a new discipline, it has drawn concepts and principles from the number of disciplines such as economics, sociology, psychology, anthropology and so on.

     

    1. Management as a discipline.
    2. Management as a group of people.
    3. Management as a process.

     

    Management as a Discipline: When we refer to management as a discipline, we include in it the various relevant concepts and principles, the knowledge of which aids in managing. From this point of view, management can be treated either as an art or science, the two basic and broad disciplines. However, since management prescribes various principles and how these principles can be applied in managing an organization, it has the orientation of both, science and art

     

    Management as a Group of People: Sometimes, we refer to management as a group of people in which we include all those personnel who perform managerial functions in organizations.

    For example- when we talk about the relationship between management and labour in an organization, we refer to two distinct classes or groups of personnel in the organization. In the first category, we include all those persons who are responsible for managerial functions and in the second category, we include non-managerial personnel. This approach of using management is quite popular; however, it does not serve our purpose of defining the term management.

     

    Management as a Process: A process can simply be defined as a systematic method of handling activities. However, the management process is complex, dynamic, continuous, and flexible.

    For identifying managerial activities, the total activities of an organization can be divided nature into two groups: operational and managerial.

    Those activities which are of operative through which actual work is accomplished such as handling a machine by workers, putting the materials into godown, etc. are called operational activities. As against this, some a activities are performed to get things done like a supervisor instructing worker to do a particular job, or marketing manager instructing his salesmen to contact the customers to sell the product, etc. Such activities are different from the first group and are known as managerial activities.

    Management is the process of getting things done through and with others in an organization.

     

    Characteristics Or Features of Management

     

    •       Management is Goal Oriented Process:  Management always aims at achieving the organizational objectives. The functions and activities of a manager lead to the achievement of organizational objectives. Management units the efforts of different individuals in the organisation towards achieving their goal.

     

    •       Management is Pervasive: Management is a universal phenomenon. The use of management is not restricted to business firms only, it is applicable in profit-making, non-profit-making, business or non-business organizations, even a hospital, school, club and house have to be managed properly.

     

    •      Management is Multi-dimensional:  Management does not mean one single activity but it includes three main activities:

    a)      Management of work.

    b)      Management of people.

    c)      Management of operations.

     

    A.     Management of work: All organizations are set up to perform some task or goal. Management activities aim at achieving goals or tasks to be accomplished. The task or work depends upon the nature of Business, for example, work to be accomplished in a school is providing education, in hospital is to treat patient, in the industry to manufacture some product. Management makes sure that work is accomplished effectively and efficiently.

     

    B.      Management of people: People refer to human resources and human resources are the most important assets of an organization. Management has to get a task accomplished through people by making their strength effective and their weakness irrelevant.

    Managing people has two dimensions:

    a)      Taking care of employee's individual needs.

    b)      Taking care of a group of people.

     

    C.      Management of operations: Operations refers to activities of production cycle such as buying inputs, converting them into semi-finished goods, finished goods.

    Management of operations concentrates on mixing management of work with management of people, i.e., deciding what work has to be done, how it has to be done and who will do it.

     

     

    •       Management is a Group Activity: Management always refers to a group of people involved Company of the Year in managerial activities. Each individual performs his/her role at his/her status and department, then only management function can be executed. Even the result of management affects every individual and every department of the organisation so it always refers to a group effort and not the individual effort of one person.

     

    •       Management is a Dynamic Function: Management has to make changes in goal, objectives and other activities according to changes taking place in the environment. The external environment such as social, economical, technical and political environment has great influence over the management. As changes take place in these environments, the same is implemented in the organisation to survive in the competitive world.

     

    •       Intangible: Management function cannot be physically seen but its presence can be felt. The presence of management can be felt by seeing the orderliness and coordination in the working environment.

     

    •       Management is a Continuous Process: Management is a continuous or never-ending function. All the function of management are performed continuously, for example- Planning, Organizing, Staffing, Direction and Controlling are performed by all the manager all the time.

     

     

    Importance Of Management

      

    The importance of management may be traced in the following contexts:

     

    1)      Effective Utilization of Resources: Management tries the utilization of various resources. The to make effective resources are scarce in nature and to meet the demand of the society, their contribution should be maximum for the general interests of the society. Management not only decides in which particular alternative a particular resource should be used but also takes actions to utilize it in that particular alternative in the best way.

     

    2)      Development of Resources: Management develops various resources: This is true with human as well as non-human factors. However, most of the researches for resource development are carried on in an organized way and management is involved in these organized activities. Thus, through the development of resources, management improves the quality of lives of people in society.

     

    3)      To Incorporate Innovations: Today, changes are occurring at a very fast rate in both technology and social process and structure. These changes need to be incorporated to keep the organizations alive to and efficient. Business organizations are moving from primitive sophistication. Therefore, they require high degree of specialization, high level of competence, and complex technology. All these require efficient management so that organizations work in the most efficient way.

     

    4)      Integrating Various Interest Groups: In the organized efforts, there are various interest groups and they put pressure over other groups for maximum share in the combined output.

    For example, in the case of a business organization, there are various pressure groups such as shareholders, employees, government, etc. These interest groups have pressure on an organization. In a more advanced and complex society, more such pressure is on the organization. Management has to balance these pressures from various interest groups.

     

    5)      Stability in the Society: Management provides stability in society by changing and modifying the resources in accordance with the changing environment of the society. In the modern age, more emphasis is on new inventions for the betterment of human beings. These inventions make old systems and factors mostly obsolete and inefficient. Management provides integration between traditions and new inventions, and safeguards society from the unfavourable impact of these inventions so that continuity in the social process is maintained.