What is Management ?

“Management is what managers do”

Management is the process of coordinating and overseeing the work activities of others by the managers so that their activities are completed efficiently and effectively with the help of available resources in order to achieve the set goals in time.

Resource Usage

Goal Attainment

Low Waste High Attainment

Management Strives for:Low Resources Waste(high efficiency)High Goal Attainment(high effectiveness)

Efficiency(means) Effectiveness(Ends)

Efficiency is “doing things right”. Effectiveness is “doing the right things”.

Top

Middle

Lower

Non Managerial Employees

Levels of management

Planning

Organizing

StaffingDirecting

Controlling

Management Functions Management is a continuous process.

Where we can find management ?

Management is related to everyone’s life whether it is complicated or simple.

A small family of four with the husband/Wife as head of the family is also a management.

Beginning from a roadside vendor to an MNC company, we can find management.

Because it depends on the skills, aptitude & creativity of the manager.

Why management is an art?

Peter Drucker, famed management scholar who is best known for developing ideas related to total quality management.

Drucker terms management "a liberal art," claiming that it is such because it deals with the fundamentals of knowledge, wisdom, and leadership, but because it is also concerned with practice and application.

He is critical of the assumptions that make up the management paradigm, because these assumptions change over time as society and the business environment change. Thus, management is more of an art.

Management as an art According to Peter F. Drucker…

Mintzberg is an academic researcher whose work capturing the actual daily tasks of real managers was ground breaking research for its time.

Mintzberg, through his observation of actual managers in their daily work, determined that managers did not sit at their desks, thinking, evaluating, and deciding all day long, working for long, uninterrupted time periods.

This was in line with the perspective of management as an art, but instead managers used their own social and political skills to solve problems that arose throughout the course of work.

According To Mintzberg. . .

Skill

Aptitude Creativity

Thank You. . .