Management is not a onetime act but an on-going series of interrelated activities. In the following paragraphs the principles of management is being explained.
- Management is an important element in every organization. The sum total of these activities is known as management process. So Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. Plagiarism Prevention 5. In fact, management knowledge is the best passport to enter the world of employment. It is a proven technique to guarantee survival in world‑class competition. Modern management places the greatest emphasis on motivation as the key to productivity. The writings of Taylor and Fayol stimulated further investigations into the theory of management and its application to business. “A professional manager is one who specialises in the work of planning, organising, leading and controlling the efforts of others and does so through systematic use of classified knowledge, a common vocabulary and principles and who subscribes to the standards of practice and code of ethics established by recognised body.” — Louis A. Alien. The pattern of management that developed in Du Pont Company had a far-reaching influence on modern business enterprise. Helpful for Management Begineers to understand basic concepts of management. There is a growing tendency to select and appoint highly qualified, trained and experienced persons to manage the business in each functional area of management. Environmental Management is entirely an emerging and dynamic concept. Motivation is an integral part of direction to assure desired results. It deals with human beings and it is a social science like the science of economics. Hence, a manager is a dynamic and life-giving element in every business. Good project management is based on having an understanding of basic project management. Concept and Five Major Elements of management functions Concept of Management Functions of Organisation Management has been described as a social process involving responsibility for economical and effective planning and regulations … Topis of management have been developed such as, accounting, business law, psychology, statistics, econometrics, data processing, etc. Using this approach, we can arrive at the management process which describes the work of any manager. Hence, management dealing with complex human beings is bound to be an inexact science. Concept of Management 2. Theoretical teaching of medicine and engineering is almost invariably accompanied by practical work in a hospital or workshop. One popular organizational concept is based on the fundamental principle that employees can work more efficiently if they're allowed to specialize. The human and material resources or inputs are allocated to the various units and relationships are established among the sub-units. 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