Meaning :

Factors of Production: Men, Material, Money,

Machine Methods.
Definitions: Traditional Concept: Modern Concept:

 Management consists of getting things one from

others .Manager is one who accomplishes the objectives by directing the efforts of others S. George

 Features & Nature of Management:

Continuous and never ending process:

Planning, Organising, Directing and Controlling.

Getting things done through people:

Result oriented science and art:

Multidisciplinary in nature:

CONT..

Group and not an individual activity:

Follows established principles or rules: Need not be an ownership:

Management is intangible:
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 Functions of Management: Planning : Organizing: Directing: Controlling: Evaluating the result.

 Functions of Management at different levels:

Top Level :

Middle level:
Low level: Types: