Page 6 - DMGT402_MANAGEMENT_PRACTICES_AND_ORGANIZATIONAL_BEHAVIOUR

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 Management vs. Administration
1.8 Who is a Manager?

1.9 Roles of a Manager
1.10 Skills of an Effective Manager
1.11 Functions of a Manager
1.12 Contribution of Henry Fayol
1.13 Summary
1.14 Keywords
1.15 Self Assessment
1.16 Review Questions

1.17 Further Readings

Objectives

After studying this unit, you will be able to:
State the meaning and nature of management

Describe the purpose and scope of management
Identify roles, skills and functions of a manager
Discuss Henry Fayol’s Principles

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