1. Introduction to mgt

2. Definition of Management
Acc. to Mary Parker Follett: “Management is the art of getting things done through others.”
Acc. to Harold Koontz: “Management is the art of getting things done through and with people in formally organized groups.”
Acc. to Henri Fayol: “To manage is to forecast and to plan, to organize and to command, to coordinate and to control.”
Acc. to D.J. Clough: “Management is the art and science of decision-making and leadership.”
Acc. to Peter Drucker: “Management is a multipurpose organ that manages business and managers and manages workers and work.”
Acc. to Henry L. Sisk: “Management is the coordination of all resources through the process of planning, directing, and controlling in order to attain stated goals.”
Acc. to Appley L. : “Management is the accomplishment of results through the efforts of others.”

3. Management
Management is a new discipline which had drawn from Economics, Sociology, Psychology, Anthropology, Statistics, History. Thus mgt is viewed differently by different people.
- Economists see mgt as a factor of production
- Sociologists see it as a class or group of persons
- Managers treat it as a process

4. Features (Nature) of mgt :
Mgt is universal
Mgt is purposeful
Mgt is a unifying force
Mgt is a social process
Mgt is multidisciplinary
Mgt is a continuous process
Mgt is intangible
Mgt is situational
Mgt is essentially an executive function
Mgt is an art as well as a science

5. Importance of management
Achievements of org goals
Optimum utilisation of resources
Develops managerial abilities of manager
Balance between multiple goals
Economic and social development
Co-ordination between individual and organisational goals
Face competition
Social upliftment
Helps to reform govt. and society
Helps in social innovations
Foundation to organisation
Environmental analysis