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See all Premium member Presentation Transcript Slide 1: Management as or ??? - Group no. 6 Group Members : Group Members Siddharth Mehta Roll No. # 59 Deep Mehta Roll No. # 60 Omkar Jadhav Roll No # 31 Slide 3: Harshala Gavankar Roll No. # 27 Anirudh Surve Roll No. # 136 Krishna Singh Roll No. # 111 Slide 4: Anagha Mainkar Roll No. # 54 Heena Manik Roll No. # 42 Hiral Tank Roll No. # 115 Roll No. # 57 Vidhi Karani Slide 5: Contents Introduction to Management Management as an Art Management as a Science Comparison Conclusion Bibliography Slide 6: What is Management ??? The word ’manage’ comes from the Italian word ‘maneggiare ’ (to handle — especially tools), which in turn derives from the Latin word ‘manus’ (hand). The French word ’mesnagement’ (later ménagement) also influenced the development in meaning of the English word ’management’ in the 17th and 18th centuries. Slide 7: Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives. Management is often included as a factor of production along with machines, materials, and money. Slide 8: According to Mary Parker Follet “Management is an Art of getting things done through people.“ (1868–1933) Slide 9: According to the management guru Peter Drucker (1909–2005) “Management is an multi purpose organ that manages business, manages managers , manages workers and manages work.” Management as an Art : Management as an Art Mary Parker Follet, Harold Koontz and several others management authors called management “As an Art of getting things done through people.” Art refers to creative skills and talent which people require to conduct certain activities effectively. Art is an Inborn talent. However it can be refined through Learning and Practice. Management is an Art due to the following reasons: : Management is an Art due to the following reasons: 1. Intelligence 2. Initiative 3. Innovative Slide 12: 6. Result Oriented 4. Individual Approach 5. Application & Dedication Slide 13: 1.Intelligence Successful managers are Intelligent. Most importantly they need to have more intelligence then their subordinates so as to command respect and get the work done. 2.Initiative : 2.Initiative Managers like artist have to take the initiative of doing the right things right at the right time. Good managers also encourage initiative on the part of their subordinates. Slide 15: 3. Innovative Management like any other art needs to be innovative. A managerial decision taken by a manager cannot be easily copied o repeated by any another manger. Slide 16: 4. Individual Approach Every manger needs to adopt his individual approach or style of handling situations. This because of the effective individual approach adopted by mangers to handle situations. Slide 17: 5. Application & Dedication Good managers require not only skills & knowledge but there is also a need for discipline, dedication and commitment. It is often said that success is the outcome of ‘knowledge + intelligence + dedication’ Slide 18: 6. Result Oriented Every good manager, like an artist, is always practical and action based. What matters is not just activities but accomplishment of results. Emphasis needs to be place on the results rather than on activities. Slide 19: Management as a Science Science is a systematic body of knowledge which is universally accepted. ‘F.W.Taylor ‘ father of scientific management was perhaps the first person to consider management as a science. He was of the opinion that management should conduct their business affairs by following certain well established standards. Sciences can be broadly divided into two groups: Physical Sciences. Social Sciences. Slide 20: Physical sciences like physics, chemistry and mathematics are exact and accurate, whereas social sciences are not exact and accurate as they deal with human beings. Management is a social science because it deals with human beings. Since human nature cannot be predicted with accuracy, the decisions taken in management may just be one way of doing things in a given situation and not the only way of doing things. Slide 21: Managers must study the way that workers perform their tasks and understand the job knowledge (formal and informal) that workers have, and then find ways to improve how tasks are performed. Managers must codify new methods of performing tasks into written work rules and standard operating procedures. Frederick W. Taylor‘s Principles of Scientific Management Slide 22: Managers should hire workers who have skills and abilities needed for the tasks to be completed, and should train them to perform the tasks according to the established procedures. Managers must establish a level of performance for the task that is acceptable and fair and should link it to a pay system that rewards workers who perform above the acceptable level. Slide 23: For instance, if a manager has a problem with an employee's poor work performance , the manager will look to specific means of performance improvement, expecting that certain principles will work in most situations. practicing managers who believe in management as a science are likely to believe that there are ideal managerial practices for certain situations. Slide 24: He or she may rely on concepts learned in business school or through a company training program when determining a course of action, perhaps paying less attention to political and social factors involved in the situation Comparison :Management as : Comparison :Management as As An art Based on Practice and creativity. It is a theoretical body of knowledge. Has Personalized Application. As a Science Based on Experimentation. It is a systematized body of knowledge. Has Universal Application. Slide 26: Conclusion From the above study, we conclude that: management is an art and science both. According to American Society of Mechanical Engineers. "Management is the art and science of preparing, organizing and directing human efforts to control the forces and utilize the material of nature for the benefit of men.”Thus, it has now been accepted that management is an art as well as science. It has the elements of both arts and science. Slide 27: Management has got two faces like a coin; on one side it is art and on the other side it is science. Management has got scientific principles which constitute the element of Science and Skill and Talent which are the attributes of Art. In the words of Dean Stanley, "Management is a mixture of an art and science - the present ratio is about 80% art and 20% science." Slide 28: Bibliography www.enotes.com www.wikipedia.org 12th std Mahesh Tutorials Organisation of Commerce Notes You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.