NATURE AND CONCEPT OF

MANAGEMENT






BY:-
HARSHIT GOYAL , RANK-132
B.B.A. (GEN.),GROUP-B,1
ST
Yr.
TO:- dr. HERAMB NAYAK(Faculty, M.S.I.-
Principles of Management)


ACKNOWLEDGEMENT

I would like to express my special thanks of
gratitude to my teacher dr. HERAMB NAYAK
who gave me the golden opportunity to do this
wonderful project on the topic concept and
nature of management, which also helped me in
doing a lot of Research and i came to know about
so many new things I am really thankful to them.

Secondly I would also like to thank my parents
and friends who helped me a lot in finalizing this
project within the limited time frame.





HARSHI T GOYAL
(RANK 132, BBA ,GEN.)

I NDEX

















INTRODUCTION
Through this assignment, the concept and nature
of management has been materialised.
It includes the various attributes , parameters
and Approaches used to describe the nature and
concept of management.


It is important to understand the meaning of
management before learning about its nature
and various concepts.
Humans in order to satisfy their needs and wants
have to perform various activities. At times these
tasks are way too big to be handled by a single
individual, so humans need to work with other
humans to achieve his/her goal, and this requires
management i.e. co-ordinating various
individuals to achieve a collective goal effectively
and efficiently.

MEANING
The term management conveys different
meanings depending upon the context in which it
is used.
Management in business and organizations is
the function that coordinates the efforts of
people to accomplish goals and objectives using
available resources efficiently and effectively.
Management comprises planning, organizing,
staffing, leading or directing, and controlling an
organization or initiative to accomplish a goal.
Resourcing encompasses the deployment and
manipulation of human resources, financial
resources, technological resources, and natural
resources. Management is also an academic
discipline, a social science whose object of study
is the social organization.




CONCEPT OF MANAGEMENT
CONCEPT OF MANAGEMENT CAN BE EASILY UNDERSTOOD BY LOOKING AT IT IN
THESE DIFFERENT CONTEXTS
MANAGEMENT AS AN ECONOMIC RESOURCE
MANAGEMENT AS A TEAM
MANAGEMENT AS AN ACADEMIC DESCIPLINE
MANAGEMENT AS A PROCESS

MANAGEMENT AS AN ECONOMIC
RESOURSE
Like land, labour and entrepreneurship,
management is a vital factor of production.
Managing the economic resources is the major
type of management in any context.
Utilising the resources to the maximum capacity
is the prime job of a manager.
The resources being :-

o Manpower
o Money
o Materials
o Machinery
o Methods
MANAGEMENT AS A TEAM
This is also a very important job of the manager
The manager co-ordinates all the different
departments and the persons within those
departments to:-
get the job done on time so that no
department suffers due to the incompetence
of another department.
To insure that the job is given to the one best
suited for it.
To insure discipline and harmony
MANAGEMENT AS AN ACADEMIC
DISCIPLINE

An academic discipline or field of study is a
branch of knowledge that is taught and
researched as part of higher education.
And management qualifies on all these features
Management has become a very widely studied
subject, numerous universities and institutes
offer bachelor and graduate degrees in the
subject.
MANAGEMENT AS A PROCESS
Perhaps the best way to describe management is
in terms of what managers do. It involves
organising, directing and controlling human
efforts to accomplish pre - determined goals as a
process management refers to a series of
interrelated elements or functions. these are:-
a) Defining the aims or objectives of
the organisation
b) Formulating policies, procedures,
programmes, etc. to obtain these objectives
efficiently and economically.

c) Bringing together men, material, money,
machinery, and other factors of production.