Professional Documents
Culture Documents
PREPARED BY
Prof.N.Prasanna Balaji
UNIT-I
Introduction to Management
TOPIC
LECTURE NO.
L1 L2 L3 L4 L5 L6 L7 L8
Introduction to Management Concepts of Management of Organiztion importance Taylors Scientific FUNCTIONS OF MANAGEMENT Fayols Principle of Management Mayos Hawthorne Experiments Maslows theory of Human NeedsS
DEFINITION
Peter. F. Drucker(1955):Management is concerned with the systematic organization of economic Resources and its task is to make these resources productive.
Management is a social process It also denotes a a body of people involved in decision making It is inexact science It is an art and also science It is profession It is inter-disciplinary It is complex
IMPORTANCE
It facilitates the achievements of goals through limited resources It ensures smooth sailing in case of difficulties It ensures continuing in the organization It ensures economy and efficiency It focus on group efforts It is the key to the economic growth
Taylor demonstrated the benefits of increased productivity and earnings through an experiment at Bethlehem Steel Works.
FUNCTIONS OF MANAGEMENT
According to Luther Gullick P-----Planning O------Organizing S-----Staffing D----Directing Co---Coordinating R---Reporting B---Budgetting
3.
4. 5. 6.
Henri Fayol contributed 14 principles to management Division of Work Authority Discipline Unity of command Unity of direction Subordination of individual interest to group interest
Mayo known for his famous experiment at Hawthorne plant of the western electric company, Chicago, USA, for evaluating the attitudes and Psychological reaction of workers on the job situations.
1. 2. 3. 4.
5.
According to him humans have 5 needs Physiological needs Safety needs Affiliation or acceptance needs Esteem needs Self-actualisation needs
Theory Y
Assumptions: 1. Some employees consider work as natural as play as rest 2. They employees are capable of directing and controlling performance on their own. They are much committed to objectives of the organization. 3. Higher rewards make these employees more committed to organization. 4. Most of them are highly imaginative, creative, and display ingenuity in handling organizational issues. 5. Give an opportunity , they not only accept responsibility but also look for opportunities to