Management as a science

The word science literally means knowledge. It is a systematised body of knowledge acquired by mankind through observation and experimentation and which is capable of verification. The basic difference between Art and science is that Art implies knowing, how the application, where as science is concerned with knowing why?In the words of Keynes "Science is a systematised body of knowledge which establishes relationship between cause and effect". The essential features of science: It is a systematised body of knowledge that uses scientific methods...

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Management as an Art

An art is often regarded as the systematic application of skill or knowledge in effecting accomplishment of results. It represents the methods or ways of doing specific things and indicates how an objective is to be achieved. The function of art is to effect change and accomplish results through  deliberate efforts. Art is a personalised process and every artist has his own style. It is Practice - based and perfection and is requires continuous practice over a long period of time. The main elements of Art are: Personal skill Practical...

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Management Roles

The more complex the organization, the more crucial his role. The more crucial his role. The success of an organization will depend upon the caliber of a manager to achieve its objectives. HENRY MINTZBERG`S opines every manager, plays roles in three areas: 1) Inter personal relatonships: As a figure head. Leadership role Liason officer  2) Informantion processing: Monitoring information Disseminating Information Organisations Spokesman 3) Decision Mnking: As an Entrepreneur As a conflict handler As a Resource Allocate As a ne...

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Management skills

A skill is an acquired and learned ability to translate knowledge into performance. it is the competency of a person that allows his performance to be superior. All managers need to possess various skills which are necessary to carry at their jobs successfully. Technical Skills:  Technical skills are necessary to accomplish or understand the specific kind of working done in an organisation. The perrsons who are working with tools and techniques are needed such skill. Ex: Engineers, Scientists, computer programmers etc. Technical skills...

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Distinction between Administration and management

Administration: It is concerned with the formation of objectives, plans and policies. It is a thinking function. It is a top-management function. It makes major policy decisions. Decisions are influenced by external factors such as social, political, legal etc. Administration is often associated with government policies. Management: It means getting things done through and people. It is a doing function. It is a lower-level management functions. It makes decisions with the frame work of administration. Decisions are influenced by internal...

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Importance of management

Management is overall the most important factor because no business runs itself, even no momentum. every business needs repeated stimulus which can only be provided by management. Thus management is dynamic, life giving element without which the "factors of production" will remain as were factors not become "production". The following points bring out the importance of management: Accomplishment of group goals, Efficient operations of business, Sound organization structure. Accomplishment of group goals: Success of a business enterprise depends...

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Characteristics of Management

  Management is a group activity:  Nobody can satisfy all his desires himself. Therefore he unities which his fellow beings and works in an organized group to achieve what he cannot achieve individually. Massie has rightly called management as a “Co-operative group”.    Management is goal – oriented: According to THEO HAIMAN “Effective management is always management by objectives”. Group efforts are directed towards the achievements of some predetermined goals. Management is concerned with establishment and accomplishment...

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What is Management?

Management is universal in the modern industrial world and there is no substitute for good management. It makes human effects more productive and brings better technology, products and services to our society. Management is a must to accomplish desired goals through group action. It is essential to convert the disorganised resources of men, machines, materials and methods into a useful and effective enterprise. Management is the art of maximising efficiency, as a social process, a method of getting things done through others, a plan of...

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