Art and Science of Management
Explore the definitions and key features of management as described by renowned theorists such as Frederick Winslow Taylor, Harold Koontz, and Mary Parker Follett. Learn about the essence of management as an art of getting things done through people in a formally organized setting, its multidisciplinary nature, and its intangible yet dynamic and situational characteristics. Management is defined as knowing what to do, when to do it, and ensuring it is accomplished in the most effective and efficient manner.
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Presentation Transcript
COMMERCE III ( MF) DR. SUMITA SHANKAR
Definitions of Management Fedrick Winslow Taylor Management is an art of knowing what to do when to do and see that it is done in the best and cheapest way.
Definitions Harold Koontz Harold Koontz Management is an art of getting things done through and with the people in formally organised groups. It is an art of creating an environment towards attainment of group goals.
Definitions Mary Parker Follett Mary Parker Follett Management is the "art of getting things done through people.
Features of Management 1. Continuous and never 1. Continuous and never- -ending process ending process 2. Getting things done through people 2. Getting things done through people 3. 3.Result oriented Result oriented 4. Multidisciplinary in nature 4. Multidisciplinary in nature
Features of Management 5. A group and not an individual activity 5. A group and not an individual activity 6. Aided but not replaced by computers 6. Aided but not replaced by computers 7. Both an art and science 7. Both an art and science 8. 8. Management is all pervasive Management is all pervasive
Features of Management 9. Management is intangible 9. Management is intangible 10. Dynamic in nature 10. Dynamic in nature 11. Situational in nature 11. Situational in nature 12. Need not be an ownership 12. Need not be an ownership
