| Subject Code - 101 | | MANAGEMENT PROCESS AND PRINCIPLES |

ASSAM UNIVERSITY, SILCAHR
ASSAM UNIVERSITY, SILCAHR

2013

[scope of management] | An Assignment submitted to the Department of Business Administration in partial fulfillment of the Master of Business Administration course curriculum. | Submitted By- Nabadeep UrangRoll Number- 41First Semester, MBA | Submitted To-Professor H. R. Singh |

TABLE OF CONTENTS SUBJECT | PAGE NUMBER | Definition | 2 | Subject-matter of management | 3-6 | Functional areas of management | 7-9 | Management is an inter-disciplinary approach | 10 | Universal application | 10 |

DEFINITION OF MANAGEMENT

Management may be defined in many different ways. Many eminent authors on the subject have defined the term "management", some of these definitions are reproduced below:

In the words of Henry Fayol - "To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control".

In the words of Koontz and O'Donnel - "Management is defined as the creation and maintenance of an internal environment in an enterprise where individuals working together in groups can perform efficiently and effectively towards the attainment of group goals".

From the definitions quoted above, it is clear the "management" is a technique of extracting work from others in an integrated and co-ordinated manner for realising the specific objectives through productive use of material resources. Mobilising the physical, human and financial resources and planning their utilisation for business operations in such a manner as to reach the defined goals can be referred to as "management". If the views of the various authorities are combined, management could be defined as "a distinct ongoing process of allocating inputs of an organisation (human and economic resources) by typical managerial functions (planning, organising, directing