Page 89 - DEDU503_EDUCATIONAL_MANAGEMENT_ENGLISH

Kulwinder Pal, Lovely Professional University Unit 6: Managerial Process and its Importance

Unit 6: Managerial Process and its Importance Notes

CONTENTS
Objectives
Introduction
6.1 History
6.2 Need of Management
6.3 Meaning of Management Process
6.4 Definition of Management Process
6.5 Functions of Management
6.6 Elements of Management Process
6.7 Importance of Management
6.8 Summary
6.9 Keywords
6.10 Review Questions
6.11 Further Readings

Objectives

The Objectives of this unit can be summarized as below:
• to describe about history of management.
• to explain about need of management.
• to discuss about meaning of management process.
• to explain about the functions of management process.
• to discuss about elements of management process
• to describe1 about importance of management.

Introduction

Management is a managerial process. The tasks of getting results through others by coordinating
their efforts is known as management. Management ensures effective use of managers so that the
benefits of their experience, skills and maturity are available to the enterprise. Management ensures
smooth, orderly and continues functioning of an enterprise over a long period. It also raises the
efficiency, productivity and profitability of an enterprise. Efficient management reduces labour
turnover and absenteeism and ensures continuity in the business activities and operations. In this
unit we will discuss about managerial process and its importance.

6.1 History

The recorded use of organised management dates back to 5000 B.C. when the agricultural revolution
had taken place. These agricultural civilizations existed in India, China and Egypt According to
Peter Drucker these irrigation civilizations "were not only one of the great ages of technology, but
it represented also mankind's most productive age of social and political innovation". As the villages

LOVELY PROFESSIONAL UNIVERSITY 83