Product Life Cycle of Nokia
Introduction to Management
UNIT I INTRODUCTION TO MANAGEMENT
INTRODUCTION In the present context, managing has become one of the most important areas of human activity because of increasing role of large and complex organisations in the society. Because of their increasing role, the organisations have attracted the attention of both practitioners and academicians to find out the solutions for business problems. Concept Defining the term management precisely is not so simple because the term management is used in a variety of ways. Being a new discipline, it has drawn concepts and principles from a number of disciplines such as economics, sociology, psychology, anthropology, statistics and so on. Each group of contributors has treated management differently. For example, economists have treated management as a factor of production; sociologists have treated it as a class or group of persons; practitioners have treated it as a process comprising different activities. DEFINITION “Management is the art of getting things done through and with people in formally organized groups” --- Koontz “Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way” – F.W. Taylor “Management is the art of securing maximum results with minimum effort so as to secure maximum prosperity and happiness for both employer and employee and give the public the best possible service” --- John Mee. “Management is the accomplishment of results through the efforts of other people” -- Lawrence “Management is simply the process of decision making and control over the action of human beings for the expressed purpose of attaining predetermined goals” – Stanley V. “Management is a process involving planning, organizing, staffing, directing and controlling human efforts to achieve stated objectives in an organization.” From the above definitions, the following features are identified:1) Organised Activities: Management is a process of organized
UNIT I INTRODUCTION TO MANAGEMENT
INTRODUCTION In the present context, managing has become one of the most important areas of human activity because of increasing role of large and complex organisations in the society. Because of their increasing role, the organisations have attracted the attention of both practitioners and academicians to find out the solutions for business problems. Concept Defining the term management precisely is not so simple because the term management is used in a variety of ways. Being a new discipline, it has drawn concepts and principles from a number of disciplines such as economics, sociology, psychology, anthropology, statistics and so on. Each group of contributors has treated management differently. For example, economists have treated management as a factor of production; sociologists have treated it as a class or group of persons; practitioners have treated it as a process comprising different activities. DEFINITION “Management is the art of getting things done through and with people in formally organized groups” --- Koontz “Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way” – F.W. Taylor “Management is the art of securing maximum results with minimum effort so as to secure maximum prosperity and happiness for both employer and employee and give the public the best possible service” --- John Mee. “Management is the accomplishment of results through the efforts of other people” -- Lawrence “Management is simply the process of decision making and control over the action of human beings for the expressed purpose of attaining predetermined goals” – Stanley V. “Management is a process involving planning, organizing, staffing, directing and controlling human efforts to achieve stated objectives in an organization.” From the above definitions, the following features are identified:1) Organised Activities: Management is a process of organized