Page 9 - DCOM102_DMGT101_PRINCIPLES_AND_PRACTICES_OF_MANAGEMENT
P. 9

Amit Kumar Sharma, Lovely Professional University                      Unit 1: Introduction to Management





                        Unit 1: Introduction to Management                                      Notes


             CONTENTS
             Objectives
             Introduction

             1.1  Definition of Management
             1.2  Nature of Management
             1.3  Scope of Management

             1.4  Purpose of Management
             1.5  Characteristics of Management
             1.6  Management – An Emerging Profession
             1.7  Who is a Manager?
             1.8  Roles of a Manager

             1.9  Skills of an Effective Manager
             1.10 Functions of a Manager
             1.11 Summary

             1.12 Keywords
             1.13 Self Assessment
             1.14 Review Questions
             1.15 Further Readings

          Objectives

          After studying this unit, you will be able to:

               Define management
               State the nature, purpose and scope of management
               Identify roles and skills of a manager

               Explain the functions of a manager
               Discuss Henry Fayol’s Principles of Management

          Introduction

          Management is a vital aspect of the economic life of man, which is an organised group activity.
          A central directing and controlling agency is indispensable for a business concern. The productive
          resources - material, labour, capital etc.  are entrusted  to the organising skill, administrative
          ability and enterprising initiative of the management. Thus, management provides leadership
          to a business enterprise. Without able managers and effective managerial leadership the resources
          of production  remain merely  resources and never become  production. Under  competitive
          economy and ever-changing environment the quality and performance of managers determine
          both the survival as well as success of any business enterprise. Management occupies such an



                                           LOVELY PROFESSIONAL UNIVERSITY                                    1
   4   5   6   7   8   9   10   11   12   13   14