Course Code: 18BMC101A

Course Title: Principles of Management

Course Leader:
Dr.N.Suresh
E-mail: [email protected]

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Lecture No 1
Introduction to Management

At the end of this lecture, the student will be able to:

• Explain the meaning and definition of management

• Explain the concept of Management

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 Contents
• Introduction
• Meaning
• Definition

• Concept

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Introduction

Management is the process of getting things

done EFFECTIVELY and EFFICIENTLY with and
through people

Working together in organized groups to achieve goals

Getting effective results through efforts of people working
in groups
Controlling and Coordinating the activities of the group

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Effectiveness and Efficiency
• EFFECTIVENESS-”Doing the Right Things”-The task
that help an organisation to achieve its goals or
objectives
• EFFICIENCY-”Doing Things Right”-The efficient use
of resources like people, money and equipment

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 Introduction (Contd…)
Managing balance throughout your university life:
• Keep an Updated Schedule. This is a great way to make use of the
calendar app on your phone
• Work Ahead (or just Do not Postpone)
• Get a Good Night's Sleep

• Prioritize Your Work

• Make Time for Yourself

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 Introduction (Contd…)
Example of groups where “management” activities
takes place:
• Family
• School
• Government
• Army
• Business firm

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Definition of Management
Peter Drucker known as the ‘Father of Management’

According to Peter Drucker

"Management is a multi-purpose
organ that manages business and
manages managers and manages
workers and work."

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 Definition of Management (Contd…)
Different authors have different definitions to management:
According to Harold Koontz

"Management is the art of getting things done through

others and with formally organised groups.“

According to F.W. Taylor:

"Management is the art of knowing what you want to do and

then seeing that they do it in the best and the cheapest way."

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Meaning of management
• A continuous effort aimed at shaping an organization and
contributing to its overall growth
• The functions of managers include planning, organizing, staffing,
leading and controlling
• These functions are essential to any kind of organization

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 Management Functions

Planning –
Process of determining the organization’s
objectives and deciding how to accomplish
them.
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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Management Functions

Organizing –
Structuring of resources & activities to
accomplish objectives efficiently & effectively.

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Management Functions

Staffing –
Hiring people to carry out the work of the
organization.

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Management Functions

Directing –
Motivating and leading employees to achieve
organizational objectives.

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 Management Functions

Controlling –
Process of evaluating and correcting
activities to keep organization on course,

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 Concepts of management

• Management as an Activity

• Management as a Process
• Management as a Team

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 Management as an Activity
• Management is an activity just like playing, teaching etc.
• The art of getting things done through the efforts of other people

The activities of management are:

• Social activities
• Decisional activities
• Instructive activities

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 Management as a Process
• Management is considered a process because it involves a series of
interrelated functions

• It consists of getting the objectives of an organisation and taking

steps to achieve objectives

• The management process includes planning, organising, staffing,

directing and controlling functions

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 Management as a Team
• Management consists of all those who have the responsibility of
guiding and coordinating the efforts of other persons

• Managers are People who allocate and oversee the use of

resources

• Managers have ownership stake in their firms while others have

become managers by virtue of their training and experience

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 Summary

• Management is a process of achieving the goals through proper

management
• Management activities is required in a place where group of people
are working together

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Faculty of Management and Commerce © Ramaiah University of Applied Sciences
 References
a. Essential Reading
• Class Notes
• Koontz Harold and Weihrich Heinz. (2015) Essentials of Management, 6th edition, Tata
McGraw-Hill, New Delhi
• Stephen P. Robbins, Mary Coulter and Neharika Vohra (2013). Organisational Behavior,
13th edition, Pearson
b. Recommended Reading
• Haberberg, A. and Rieple, A. (2008) Strategic Management: Theory and Application,
1st edition, Oxford University Press
• Mc Shane and Steven. (2008) Organizational Behavior, 4th edition, Tata McGraw-Hill
c. Websites
• http://
www.tatamcgrawhill.com/cgibin/browse2.pl?code1=264&subject1=Managemen
t+Studies&code2=5316&subject2=Marketing&flag1=&division=INDH
• http://www.pearsoned.co.in/web/Category/Higher_Ed._
and_Vocational/Business_and_Management/Management.aspx
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 Disclaimer

• All data and content provided in this presentation

are taken from the reference books, internet –
websites and links, for informational purposes only.

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