Fundamental of Management - Unit 2

Classmate Unit 2 Fundamental of Management A What is Management? Management relers to an art of getting things done in proper and efficient way by a group of people. - Management help you to plan how to utilize your resoured more effectively to ensure that your organiza. tion is being as productive as possible. - Minimum two person are required to form a managem. ent - Management is the process by which human efforts and are co-ordinated and combine. Whatever efforts are taken to achieve the objectives. is called as management. Defination of Management:- "Management is an art of getting things done through others by Mary Parker Follett. According to this traditional definition, management Focuses on completing the work through workforce. However, A management of other resources such as material, machine. etc. has not been considered in detail in this definition. Management as an Art A - Art is the bringing about a desired result through applying skills!" - An art is also creative ability and innovativeness of a person - The way of getting things done by different people is a Skill, which may differ from person to person therelore it is art. - Art reters to an a person natural quality or inborn quality of manager has to apply his skills to handle the problems With the help of proper education and practice one. - can develop the quality or qualities. Management is an art because it involves skill of Individual, innovativeness, creativity, regular practice and personal abilities. It has theoretical concepts and basic principles. - - Art combines knowledge and skills, defined as using skills to bring a desired result. A manager has to use his or her skills in the form of innovative ideas, smart techniques and creativity to solve situational problems and achieve the goals. It means management is an ART. A Management as a science - Science relers to ledge based a systematically organized body of Know proper findings and exact principles and is. capable of verification" - In organisation manager need to use various techniques. and theories to perform the functions It is the study of observation and experiments in the organisation - - Science is based on cause and effect relationship after using Formula, one can get proper results. Management considers so it is a social science the observations of human Factor - Management is a science because it is a systematic body of Knowledge and scientific methods. The principles of management are universal. - Management Science is the discipline that adapts the Scientific approach for problem solving to help managers make informed decisions. - It is collection of the truths and inferences alter oints Science Art Profession Professional managers aims to balance the scientific and artistic aspects to achieve consi Start and ethical result. Professional development in management in in volver acquiring Knowledge, skills and ethical standard. Management as a profession place import. ance on both understa. Repetition Scientific management principles can be replicated and applied Consistently Develop ment Management science evolves through research and the discovery of new principles. Accountab ility - Management Science Focuses on understa- Inding and explaining & management pheno- mea. Artistic aspects of managements may not be easily replicated due to uniqueness of each Situation. Artistic skills in management can be developed through practices and experience. Artistic aspects of management empha- isize achieving derived outcomes. Inding and achieving results. Ethics Characteristics found in management Professional Association Existence of Knowledge Service motive Knowledge Aquarstion Characteristics found in Management a. Existence of Knowledge - Whether it is a fresher or a expert, they should know ors kills about the work. b. Knowledge aqvasition-means the process of acquiring skills or knowledge to become an expert in a specific area C. Professional association- a professional groups or body whohave advance a particular profession. d. Ethics [ code of conduct)- there should be a code of conduct that should be followed by every profession and every individu e. Service motive-Everthing should not be measure in money, satista- ction of the supplies and customers matters too. A Level of Management 1 . Top level 2 . Middle level 3. Lower level Top Board of directors, president, chict executive direr, managing directors, etc /Middle Functional managersie tinance manager, production manager, sales manager, etc. Lower → Superintedents, supervisors, Forman, etc. A Skills of Manager Managerial Skills Technical skill Human relationship skill. [Bottom level [Middle level] Consceptucalsxil [Top level] They should be updated about new technology. - The ir nature should be calm I collected So that they can maintain good relationship between top and bottom level. - They must have Knowledge [internal and external] about the fieldi.e decision making, taking risk or challenges and Opportunities.