Principles of Management Chapter 1

Management: An Overview

• Management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.

Definition of Management

• Management is defined as "the art of getting things done through people" by Mary Parker.

Management Functions

• There are four main management functions: planning, organizing, directing, and controlling.

Management Levels

• Top management consists of the Board of Directors and chief executives.
• There are different levels of management, including top, middle, and supervisory levels.

Managerial Skills

• There are three types of managerial skills: technical, human, and conceptual skills.
• These skills are necessary for managers to perform their roles effectively.

Managerial Roles

• Managerial roles are essential for organizational members.
• Managers play a crucial role in planning, organizing, directing, and controlling.

Importance of Planning and Control

• Organizations need to plan and control to achieve top performance.
• Planning and control are essential for achieving organizational goals.

Time Management

• Time management is an important skill for managers.
• Effective time management involves categorizing time as required or discretionary and using it productively.

Management as an Art or Science

• Management is considered an art because it involves understanding how to get things done through people.
• Management involves analyzing the environment, formulating plans and strategies, and adapting to environmental changes.