Dr.C.Pushpalatha Associate Professor in Commerce 18/06/2019
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}“Management is an organ; organs can be described and defined only through their functions.”Peter F. Drucker
} Management
aims at maximising profits
} Decision
making
} Management
is a profession
} Universal
application
} Management
is getting thing done
} Management
as a class or a team
} Management
is a career
} Direction
and control
} Dynamic
} Management
is needed at all levels
} Leadership
quality
Ø Management aims to utilise
the available resources properly to get desired results.
Ø The results should be
maximising profit or increasing profits by the economic function of the
manager.
Decision
Making
Ø Management
needs to take number of decisions everyday.
Ø Decision
making arises only when there are alternative courses of action.
Management is a Profession
Ø Management
possesses all the qualities of a
profession .
Ø A
fund of knowledge is imparted and transferred and the same is followed by
management.
Universal application
Ø The
principles and practices of management are applicable not to any particular
industry alone but applicable to every type of industry.
Ø The practice of management is different from one
organisation to another according as to its nature.
Management is getting things done
Ø A
Manager does not actually perform the work but he gets things done by others.
Ø According
to Knootz and
O’Donnel “Management is the art of getting things done
by through and with people in formally organised groups”.
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