203x Filetype PPT File size 0.33 MB Source: educlash.com
• Nature and functions of management: importance of management, definition of management, management functions, development f management thought contribution of 1. F. W. Taylor, 2. Henri Fayol, 3. Elton Mayo, 4. system contingency approaches to management Definitions of management Harold koontz “Management is an art of getting things done through and with people in formally organised groups” Henry Fayol “To manage is to forecast , to plan, to organize, to co-ordinate and to control “ Peter Drucker “Management is a multipurpose organ that manages a business and manages manager , and manages worker and work” F.W. Taylor “Management is knowing exactly what you want men do, and then seeing that they do it in the best and cheapest way.” Management can be defined as “Management is the process of achieving organisational goals by engaging in the four major functions of planning, organizing , leading and controlling by co-ordination of human, material, technological and financial resources.” MANAGEMENT FUNCTIONS PLANNING Setting goals and deciding best method to achieve them 1 CONTROLLING ORGANIZING Regulating activities 4 2 Allocating ad arranging To reach goals resources 3 LEADING Influencing others To work towards goals
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