BBA Notes Introducation Meaning and Defination of Management

BBA Notes Introducation Meaning and Defination of Management :- Hello friends are very happy to tell me that both my team and my team always bring new updates for you, so today we have brought you notes related to bba management. In This article You Can Get Meaning Of management, Importance and Introduction of management, objective of management, and science as management, management is a art, management as a profession. You can get video Also,  Levels of management Definition Scientific management, Level of management and different type of level management, Definition of scientific Management and good news you can download this in PDF but PDF file is password protected you can unlock password is give it below. This article Special of BBA and MBA Students Thanks for read this article BBA Bachelor of degree program for business administration/acumen, was introduced to teach and guide us on the path of a career set Parallel to the path of life. It is god to plan ahead of time how you are going to manager the difficuties you might face in future, this is the symbol of success and confidence. 

 Meaning of Management (BBA Study Material)

Management in simple word can be defined as “management is an art of getting things done.”

Or

Management is also defined as, “what a manager does?”

Or

Management is a discipline which represents a body of knowledge and practice which can be taught in education institution.

 

“Simple, Sir Henry Fayol defined the management. As “Management is a process of planning, organizing, Staffing, directing and controlling.”

BBA Notes Introducation Meaning and Defination of Management

Thus, management is certainly more than just getting things done through others. It involves creating a Climate or environment in the organization where by individuals are motivated to work efficiently for the achievement of certain objectives.

Importance of Management

There is no substitute for management in modern organization. Management is much important for every organization.

e.g. “An organization may have raw material, machines human resources and other factors, but these can’t produce satisfying products unless they are efficiently managed.”

1.  Determination of Objectives : The objective of any organization are laid down by the management. These objectives are put into writing and communicated to all other in the organization. No organization can succeed without identifying its objectives.
2. Achievement of Objectives : Management is an important force for the achievement of the objectives of any group. The perfect combination of human resources is used by the managers. They direct the activities of the individual in the use of material resources for the achievement of predetermined goals.
3. Effective use of Resources : The role of professional management has increased these days. They can help in the efficient use of various resources and increase the productivity of the enterprise. So, the expert managers can lead the business towards growth and prosperity.
4. Co-ordinated Human Effort : Management provides leadership and guidance to the worker. It also motivates them with the help of various incentive schemes. It shows their personal interest with the organizational objectives. This lead to better co-ordination among the human resources. This improve the health of the organization.
5. Contribution in National Economic Development : Efficient management is equally important at the national level. The development of a country is dependent upon the quality of management of its resources.

If management is not efficient and cannot use the resources properly, it is a poor sign for the economy of any country. Thus, an efficient management is a key to the growth of economy of any country.

6. Meeting Challenges : Management is the brain of any enterprise. All the policy decision are taken by the management. So, management keeps in touch with the current environment and supplies foresight to the enterprise. It helps in predeciding what is going to happen in future and which will influence the working of an enterprise.

Management as a Science

Science is a body of knowledge bases on propegs finding and exact principles. It develops a relationship between cause and effect and its findings apply in all the situations.  The basic difference between art and science is that art implies knowing how the application whereas science is concerned with knowing why.

 

The essential features of science are as follows :

1. It is a systematized body of knowledge that uses scientific methods for observation.
2. The principles of science establish a cause and effect relationship between various factors.
3. The principles are exact and have universal applicability without any limitation.
4. The validity of scientific principles can be verified and they provide a reliable basis for predicting future events.
5. The principles of science are evolved on the basis of continued observation.

Management as an Art (BBA Management Notes)

Art is other regared as the systematic application of skill or knowledge in effecting accomplishment of results. It represents the methods or ways of doing specific things and indicates how an objective is to be achieved.

The essential feature or art are as follows :-

1. It involves use of personal skill and knowledge in solving many complicated problems to achieve the enterprise objectives.
2. An art is an practical knowledge. It is concerned with application of knowledge. Management does not merely mean the knowledge of principles of management rather it is the application of this knowledge which makes it effective and useful.
3. Management is a way to achieve desired results and these ways and methods, efficiency and effectiveness is attained through regular practice. One can not be a good manager unless he regularly practices the art of decision making.
4. Every art has an element of creativity and in this sense also management is one of the most creative art as it is concerned with getting work done through and with others by motivating them to work and coordinating their activities.

Management  as a Profession (BBA Study Material)

Since the emergence of separation of management from ownership and increasing professionalization of management, it is being taken as profession also. However while some feel that management is a profession, others are of the view that it is a way to be professional.

Edgar H. Schein has compared key qualities of professionals with those of managers. In particular, he notes the following three characteristics :

1. Professionals base their decisions as general principles.
2. Professionals achieve professional status through performance.
3. Professionals must be governed by strict code of ethics that protects their clients.

Mcfarland has pointed out the following characteristics of management as a profession :

1. Existence of an organized and systematic knowledge.
2. Formalise methods of acquiring training and experience.
3. Existence of an organized and systematic knowledge.
4. The formation of ethical for guidance and conduct.
5. Charging of fees for service rendered.

Kennith Andrews identified the following characteristics of management as a profession :

1. Knowledge
2. Competent application
3. Self control
4. Social responsibility
5. Community sanction

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