1. Principles and Practice of Management

2. Concept of Management Management as a discipline. Management as a group of people. Management as a process. 3. Management as a discipline Discipline refers to a field of study having welldefined concepts and principles Science : a systematically organized body of knowledge based on proper findings and exact principles and is capable of verification. - cause and effect relationships - universal application - predictable results 4. Art : it is the bringing about a desired resultthrough the application of skills. - it denotes the personal skills - it signifies practical knowledge - it is creative in nature 5. Management as a group of people Management is the art of getting things donethrough people 6. Management as a process Management is simply the process of decision making and control over the action of human beings for the expressed purpose of attaining predetermined goals. Planning Organizing Directing Controlling 7. Features of management Goal oriented Organized activity Relationship with resources Decision making 8. Functions of a manager Planning- determination of objectives - forecasting - search of alternative course of action - evaluation of various alternatives - formulation of policies - preparation of schedules, budgets 9. Organizing and staffing Manpower determination Recruitment , Selection, Placement, Induction Assignment of jobs to employees 10. Directing Communication Leadership Motivation Supervision 11. Controlling Establishment of standards Measurement of performance Taking corrective action 12. Levels of management Top level Middle level Low level 13. Managerial skills Technical skills Human skills Conceptual skills 14. Functional Areas of Management Production Management Marketing Management Financial Management Human Resource Management Materials Management