Unit - 1 principles of management
INTRODUCTION TO MANAGEMENT (VERY IMPORTANT – concept base for whole paper) 1️⃣ Management – Meaning & Definition (Detailed) 🔹 Meaning of Management Management is a systematic process of planning, organizing, staffing, directing and controlling human and non-human resources to achieve organizational objectives efficiently and effectively. It focuses on: Getting work done through people Optimum utilization of resources Achieving predefined goals 🔹 Definitions of Management Henri Fayol “To manage is to forecast and plan, to organize, to command, to coordinate and to control.” Peter F. Drucker “Management is the art of getting things done through people.” Koontz and O’Donnell “Management is the creation and maintenance of an internal environment in an enterprise where individuals, working together in groups, can perform efficiently.” 📌 Exam Tip: Write minimum two definitions + one line explanation. 2️⃣ Nature / Characteristics of Management (In Detail) Management has the follo...