2.functions & Process and Scope of Management

Unit 1
Functions & Process and

Scope of Management
Lecture- 2
In this Lecture, we will discuss about
Functions of Management
Process of Management
Scope of Management
What is Management?
 Management acts as a guide to a group of people
working in the organization and coordinating their
efforts, towards the attainment of the common
objective.
 In other words, it is concerned with optimally using
5M’s, i.e. men, machine, material, money and
methods and, this is possible only when there
proper direction, coordination and integration of the
processes and activities, to achieve the desired
results.
 It is an act of creating and maintaining such
a business environment wherein the members of the
organization can work together, and achieve business
objectives efficiently and effectively.
Definition- Management
 The definition of management is the way something is
handled, careful treatment, supervising skills, or those in
charge of a business or group. ...
 An example of management is how a skillful supervisor
handles a difficult situation. An example of management is
the CEO of an organization.
Some of the common definition of management given by famous writers and
thinkers are:
 According to Harold Koontz and Heinz Weihrich, Management is the
process of designing and maintaining an environment in which
individuals, working together in groups, efficiently accomplish selected
aims.
 According to Robert L. Trewelly and M. Gene Newport, Management is
defined as the process of planning, organising, actuating and controlling an
organisation’s operations in order to achieve coordination of the human
and material resources essential in the effective and efficient attainment of
objectives.
 According to Kreitner, “Management is the process of working with and
through others to effectively achieve organizational objectives by
efficiently using limited resources in the changing environment.
 According to George R Terry, Management consists of planning,
organising, actuating and controlling, performed to determine and
accomplish the objectives by the use of people and resources.
Functions of Management
Four Classical Functions of
Management
Scope of Management
 'Scope' is the term used in the management of

projects to refer to the totality of the outputs,
outcomes and benefits and the work required to
produce them.
 Management is considered as a continuing
activity made up of basic management functions
like planning, organizing, staffing, directing and
controlling. These components form the subject-
matter of management
Scope of Management
 Achieving pre determined objectives
 Maximum Utilization of resources of production
 Overcoming Competition
 Integration with Changing Environment
 Smooth running of business
 Maintaining sound organisational Structure
 Aims at Increased profits.
1.Accomplishment of Goals:
Management regulates the goals of an organization of various functional groups and
departments. The objectives are conveyed to the employees to seek cooperation in
achieving them. All the activities in the organization are directed towards
organizational objectives. Having clear-cut goals for the success of any organization
is elementary.
2. Effective utilization of resources:
Management promotes optimum utilization of physical and human resources
through organization, planning, and management, which leads to prosperity and
progress of a business. Employees are motivated to perform their best at all stages so
that wastages of all kinds are minimized or eliminated.
3.Establishing sound organization:
Establishing a sound organization means no overlapping of efforts. A sound
organization establishes effective responsibility and authority. It clarifies authority
and responsibility relationships in various positions in the enterprise.
4. Establishes Equilibrium:
Management ensures a foresight and a vision for the enterprise by keeping in touch
with the external environment. It analyses the future which influences the current
working of the organization. It also takes the necessary steps to ensure that the
organization is meeting the demands of the changing environment.
Cost Reduction
Management establishes maximum results through minimum input by efficient
planning. The management employs human, financial, and physical resources
in the best combination, which ensures cost reduction.
National Growth And Prosperity

Efficient management of resources becomes very important at the national
level. Management is very important in the economic and social development of
a nation. Development of the nation depends on the resource management
quality. The key to the right economic growth, better standard of living, and
prosperity is the efficient management.
Cordial Industrial Relations And Competitive Strengths

Management facilitates cordial industrial relations and competitive strengths in
an enterprise. It ensures the welfare and better life for employees and raises
their morale by providing suitable incentives. It encourages employees to put in
more interest and take more initiative concerning work so that it results in the
increased profitability and productivity of the organization.

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Unit 1

Functions & Process and

 'Scope' is the term used in the management of

National Growth And Prosperity

Cordial Industrial Relations And Competitive Strengths

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