nature of management definition

Management definition

Management can be defined as a process “consisting of planning, organizing, actuating and controlling” performed to determine and accomplish the objectives by the use of people and resources. 

Nature of management

MANAGEMENT IS GOAL ORIENTED– The purpose of management is to achieve certain goals. The main objective of management is to maximize efficiency and economy of human efforts.

MANAGEMENT IS DYNAMIC- Management involves creating an internal environment or conditions, where by people are able to perform their tasks efficiently. Management is a continuously going process.

MANAGEMENT IS A GROUP ACTIVITY- It is concerned with group efforts because it creates effective cooperation among persons working together in a group. Virtually,management is an integral part of any group activity.

MANAGEMENT IS INTANGIBLE- Management has been called the unseen force whose presence is evidenced by the result of the efforts.

MANAGEMENT IS A UNIVERSAL PROCESS- Whenever there is a human activity whether individual or joint there is management. The process of management can be noticed in all spheres of line whether the organization is a club, trust, school, etc.

MANAGEMENT IS PURPOSEFUL- It means it is directed towards the accomplishment of predetermined goals which may be economic or non-economic. All activities of management are goal oriented.

MANAGMENT IS CONTINOUSS PROCESS- Management is dynamic and an on going process. The cycle of management continues to operate so long as there is organized action for achievement of group goals.

MANAGMENT IS ESSENTIALLY AN EXECUTIVE FUNCTION- It deals with the active direction and control of the activities of people to obtain predetermined objectives.

Management is getting things done means to get tasks and activities carried out. It implies that management is a highly performance oriented function rather than a mere abstract, ideological activity. Management gets things done through people who may be manager or non managers.

At every level in the organization, a manager has get things done through his subordinates. At the top level, the subordinates are themselves manager. Therefore, a top executive manages other managers. At middle level, a manager get things done through supervisors or operating executives. At the supervisory level. Subordinates are white collar or blue collar workers. Therefore, a supervisor gets things done through clerks or workers. Management gets things done through people both as individuals and as member of work group.

These skills include conceptual, technical and human skills which can be acquired and refined in the course of practice. For the purpose of getting things done through people, management has to plane the things to be done.

This involves formulation of objectives and policies which need to be operetionalised into concrete action plane. The tasks to be carried out to achieve the goals are to be determined and assigned to individuals and work units. Appropriate techniques and methods must be devised and used to get things done. Management has to understand the essential nature of task and the various forces influencing them.

nature of management definition

Is management a Profession Give argument for your answer?

A profession may be defined as an occupation that requires specialized knowledge and intensive academic preparations to which entry is regulated by a representative body. Yes I completely agree the fact that a management is a Profession.

1) Specialized Knowledge – A profession must have a systematic body of knowledge that can be used for development of professionals. Every professional must make deliberate efforts to acquire expertise in the principles and techniques. Similarly a manager must have devotion and involvement to acquire expertise in the science of management.

2) Formal Education & Training – There are no. of institutes and universities to impart education & training for a profession. No one can practice a profession without going through a prescribed course. Many institutes of management have been set up for imparting education and training. For example, a CA cannot audit the A/C’s unless he has acquired a degree or diploma for the same but no minimum qualifications and a course of study has been prescribed for managers by law. For example, MBA may be preferred but not necessary.

3) Social Obligations – Profession is a source of livelihood but professionals are primarily motivated by the desire to serve the society. Their actions are influenced by social norms and values. Similarly a manager is responsible not only to its owners but also to the society and therefore he is expected to provide quality goods at reasonable prices to the society.

4) Code of Conduct – Members of a profession have to abide by a code of conduct which contains certain rules and regulations, norms of honesty, integrity and special ethics. A code of conduct is enforced by a representative association to ensure self discipline among its members. Any member violating the code of conduct can be punished and his membership can be withdrawn. The AIMA has prescribed a code of conduct for managers but it has no right to take legal action against any manager who violates it.

5) Representative Association – For the regulation of profession, existance of a representative body is a must. For example, an institute of Charted Accountants of India establishes and administers standards of competence for the auditors but the AIMA however does not have any statuary powers to regulate the activities of managers.

A common body of knowledge resting on a well-developed, widely accepted theoretical base;
A system for certifying that individuals possess such knowledge before being licensed or otherwise allowed to practice;
A commitment to use specialized knowledge for the public good, and a renunciation of the goal of profit maximization, in return for professional autonomy and monopoly power;
A code of ethics, with provisions for monitoring individual compliance with the code and a system of sanctions for enforcing it.

Conclusion :- From above discussion, it is quite clear that management fulfills several essentials of a profession

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