| Subject Code - 101 |
| MANAGEMENT PROCESS AND PRINCIPLES |
ASSAM UNIVERSITY, SILCAHR
ASSAM UNIVERSITY, SILCAHR
[scope of management] |
An Assignment submitted to the Department of Business Administration in partial fulfillment of the Master of Business Administration course curriculum. |
Submitted By- Nabadeep UrangRoll Number- 41First Semester, MBA |
Submitted To-Professor H. R. Singh |
TABLE OF CONTENTS
SUBJECT | PAGE NUMBER |
Definition | 2 |
Subject-matter of management | 3-6 |
Functional areas of management | 7-9 |
Management is an inter-disciplinary approach | 10 |
Universal application | 10 |
DEFINITION OF MANAGEMENT
Management may be defined in many ...view middle of the document...
In the process, work is performed with and through personnel of the organisation in an ever-changing business environment".
Management is a universal process in all organised social and economic activities. It is not merely restricted to factory, shop or office. It is an operative force in all complex organisations trying to achieve some stated objectives. Management is necessary for a business firm, government enterprises, education and health services, military organisations, trade associations and so on.
Thus it comes very difficult to precisely define or quantify the scope of management or the area it encompasses. However, management includes the following aspects:-
* Subject-matter of Management
* Functional Areas of Management
* Management is an Inter-Disciplinary Approach
* Universal application
* Subject-Matter of Management
Every organization, regardless of size, has developed and implemented its own management concepts in order for it to run smoothly and accomplish the vision, goals and objectives it has set forth. As such, the basic functions of management, broken down into four different areas, allow for it to handle the strategic, tactical and operational decisions for the organization. The four functions of management are: planning, organizing, directing, and controlling
Planning is the core area of all the functions of management. It is the foundation upon which the other three areas should be build. Planning requires management to evaluate where the company is currently, and where it would like to be in the future. From there an appropriate course of action to attain the company's goals and objectives is determined and implemented.
The planning process is ongoing. There are uncontrollable, external factors that constantly affect a company both positively and negatively. Depending on the circumstances, these external factors may cause a company to adjust its course of action in accomplishing certain goals. This is referred to as strategic planning.
During strategic planning, management analyzes internal and external factors that do and may affect the company, as well as the objectives and goals. From there they determine the company's strengths, weaknesses, opportunities and threats. In order for management to do this effectively, it has to be realistic and comprehensive.
Getting organized is the second function of management. Management must organize all its resources in order to implement the course of action it determined in the planning process. Through the process of getting organized, management will determine the internal organizational structure; establish and maintain relationships, as well as allocate necessary resources.
In determining the internal structure, management must look at the different divisions or departments, the coordination of staff, and what is the best way to handle the necessary tasks and disbursement of information within the company. Management...