Tag: Management

  • What is Management ? Definition, Characteristics,Skills and Need

    What is Management ? Definition, Characteristics,Skills and Need

    Management as how the mind controls the human body and its function similar management (mind) controls the various activities human body) in the Organisation

    Collection of physical equipments. 4 Nil’s in Organisation — Men, Machine,Materials, Money, and leads to nothing. For efficient and profitable functioning it is necessary that all these factors are put to work in a co­ordinated manner.

    Management Definition

    Management is the art of getting things done through others.

    Management is the process of designing and maintaining an environment in which individuals, working together in groups efficiently to accomplish selected aims

    Harold Koontz
    • Managers carry out their managerial function
    • Applies to any kind of Organisation
    • Applies to managers at all Organisational levels
    • Aim is to create a surplus
    • Concerned with productivity, implies effectiveness and efficiency.
    • Mgt of 4 M’s in the Orgn — Men, Machine, Materials & money.

    Characteristics of Management

    • Management is Universal
    • Management is dynamic
    • Management is a group of managers
    • Management is Purposeful
    • Management is goal oriented
    • Management is integrative Function
    • Management is a Social process
    • Management is a Multi-faceted discipline
    • Management is a continuous process
    • Management is a system of authority
    • Management is a resource
    • Management is intangible

    Managerial Skills

    • Conceptual skills
    • Human Skills
    • Technical Skills
    • Design Skills — Decision making

    Need for Management

    1. To increase efficiency
    2. To crystallize the nature of Management job
    3. To improve research in Management
    4. To attain social goals

  • Difference between Management and Administration

    Difference between Management and Administration

    In this article, we’ll learn about Difference between Management and Administration.

    Management is an act of managing people. Their work is to achieve a common goal by using the resources. For better workflow needs a suitable environment.  It creates that’s an opportunity. As a result, subordinates and their manager do the work together to reach the objective. Management is a group of people. They use their talent and skills to complete organizational tasks. So, we can say that it consists of the following features. Such as:-

    1. Functional initiative
    2. Activity
    3. Documental discipline,
    4. Systematic process,
    5. And much more.

    5M’s Model of management

    5M’s Model of management
    5M’s Model of management

    Management performs organizing, planning, coordination, motivating, controlling, decision making, and leading. It contains the 5M features of the organization. It is also called the 5M’s Model of management. There are mentioned the 5M’s full form. Such as:-

    1st M = Men (Peoples)

    2nd M = Machines (Tools or equipments)

    3th M = Medium or Measurementals (Inspection & environment)

    4th M = Mission (Purpose)

    5th M = Management (Leadership)

    According to Theo Haimann, Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmers and projects. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman, “Administration means guidance, leadership & control of the efforts of the groups towards some common goals.”

    Administration vs Management

    Basis of DistinctionAdministrationManagement
    Policy and objectivesDetermination of objectives & policiesImplementation of Policies
    Main FunctionsLegislative & determination functionExecutive Function
    Planning, Organising staffingDirecting, Motivating, Coordinating Controlling Provides a sketch    of the enterpriseProvides the entire body
    InfluenceInfluenced mainly by public opinion & other outside forceInfluenced mainly by administrative function
    Levels of ManagementThe mainly top-level function involves thinking & planningThe mainly middle-level function involves doing and acting
    Level of ExecutivesOwners/ Board of DirectorsMD, GM & Managers
    PositionActs as a principalActs as an agency
    KnowledgeRequires more admin ability than technical abilityRequires more technical ability than admin ability