Sunday, 15 March 2020

PRINCIPLES OF MANAGEMENT


Image result for images of management

Definition of Management

“Management is the process of designing and maintaining of an environment in which individuals working together in groups efficiently accomplish selected aims”.
Koontz and weihrich


“Management is the art of knowing what you want to do and then seeing that it is done in the best and cheapest way.”F.W.Taylor         


Management --- Science or an Art What is science?

The following characteristics are essential for a subject to be recognized as a science.
o   The existence of a systematic body of knowledge with array of principles.
o   Based on scientific enquiry.
o   Principle should be verifiable.
o   Reliable basis for predicting future events.
Management as a discipline fulfills the science criterion. The application of these principles helps any practicing manager to achieve the desired goals. Management is a dynamic subject in that it has heavily from economic, psychology, sociology, mathematics and engineering. Management is multi disciplinary in nature.
Science classified in to two types. There are exact science and inexact science. Exact science where the results are accurate. In the case of management it is an inexact science.
Management is inexact science because
v  Every organizations human resources are different attitudes, aspirations and perceptions. So standard results may not be obtained.
v  Readymade and standard solutions cannot be obtained.
v  Management is complex and unpredictable.
v  Every organization decisions are influenced by the environment. The environment is so complexes and unexpected changes.

What is an art?

Art means application of skill in finding a desired result. Art is the way of doing things skillfully. Management is an art because of the following facts.

§  Management process involves the use of practical knowledge and personal skills.
§  Management is creative.
§  Application  of    practical knowledge and certain skills helps to achieve concrete results.

 

Management is both – science and an art:

Management is a science because it contains general principles. It is also and art because it requires certain personal skills to achieve desired results.

Is Management a Profession?

According to McFarland, following are the characteristics of profession:
1.    Existence of an organised and systematic knowledge.
2.    Formalized methods of acquiring training and experience
3.    Existence of an association with professionalization as its goal.
4.    Existence of an ethical code to regulate the behaviour of the members of the profession.
5.    Charging of fees based on service , but with due regard for the priority of service over the desire for monetary reward.
Management, does not posses all the above characteristics of a profession. Unlike medicine or law, Management does not have any fixed norms of managerial behaviour. There is no uniform code of conduct or licensing of managers. Further the entry to managerial jobs is not restricted to individuals with a special academic degree only. In the light of this analysis we can conclude that management cannot be called a profession.

MANAGEMENT AND ADMINISTRATION

The two terms „Management‟ and „ Administration‟ are used interchangeably.There is a lot of controversy on the use of these two terms.

1.       Administration is above management:

Many management experts like Oliver Shelton, Milward, Lansberg, etc are view that administration is higher-level activity. Administration is concerned with decision - making and policy formulation, while management is concerned with the execution of what has been laid down by the administrators.

2.       Administration is a part of management:

According  to E.F.L.Breech “management is the generic term for total process  of executive control involving responsibility for effective planning and guidance of the operations of an enterprise.Administration is the part of management which  is concerned with the installation and carrying out  of the procedure by which the programme is  laid  down and communicated and the progress  of activities is resulted and checked  against  plans. This breech concerns administration as part of management.

3.       Administration and managemnt are the same:

The third view is a more practical one, where there is no distinction between the two terms „management‟ and „administration‟. Management is used for higher level functions
like plans, organizing, directions and controlling in a business organization where as administration is used for the same set of functions in government organizations.




Sl.no

Administration

Management

1.

It is the higher level functions

It is the lower level functions

2.

It refers to the owners of the organization

It refers the employees

3.

Administration      is      concerned                                   with decision making

Management is concerned with execution of    decision

4.


It acts through the management


It acts through the organization

5.

Administration lays down broad policies and principles for guidance

Management executes these policies into practice.


























ARTICLE BY MONDAY DESMOND

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