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THE ART AND THE SCIENCE OF MANAGEMENT

Define the problems, decide the objectives of business in the short and in the long run, estimate the available and potential resources Determine the tasks, activities and projects, programs.and require for the attainment of objectives. Formulate the policies, procedures, methods, standard and budgets of the plan. Examine the environmental changes, reconsider continually, searching the essential information constantly for more effective methods and improve results. | HAIPHONG PRIVATE UNIVERSITY SUBJECT: MANAGEMENT SKILLS THE ART AND THE SCIENCE OF MANAGEMENT Lecturer: Dr. Thai Van Vinh Group: Hong Duyen Nguyen Huyen Trinh Thuy Tuong Linh Phuong Thao Nguyen Trang CONTENT Introduction Definitions Four functions of management The science and art in management Conclusion “It is argued that management is both a science and an art. An effective and efficient manager needs to employ skills of both aspects”. I. INTRODUCTION The importance of management in our life A vital aspect To manage effectively and efficiently each manager need know how to manage ingeniously in specific circumstance Management is a social science, and deals with the behavior of people in organization II. DEFINITIONS MANAGEMENT Dr. Thai Van Vinh supposes: “Management is the process of achieving organizational goals through engaging in the four functions of planning, organizing, leading and controlling DEFINITIONS SCIENCE “The intellectual and practical activity encompassing the . | HAIPHONG PRIVATE UNIVERSITY SUBJECT: MANAGEMENT SKILLS THE ART AND THE SCIENCE OF MANAGEMENT Lecturer: Dr. Thai Van Vinh Group: Hong Duyen Nguyen Huyen Trinh Thuy Tuong Linh Phuong Thao Nguyen Trang CONTENT Introduction Definitions Four functions of management The science and art in management Conclusion “It is argued that management is both a science and an art. An effective and efficient manager needs to employ skills of both aspects”. I. INTRODUCTION The importance of management in our life A vital aspect To manage effectively and efficiently each manager need know how to manage ingeniously in specific circumstance Management is a social science, and deals with the behavior of people in organization II. DEFINITIONS MANAGEMENT Dr. Thai Van Vinh supposes: “Management is the process of achieving organizational goals through engaging in the four functions of planning, organizing, leading and controlling DEFINITIONS SCIENCE “The intellectual and practical activity encompassing the systematic study of the structure and behavior of physical and natural world through observation and experiment ” (Oxford Dictionary) DEFINITIONS ART “A discovery and development of elementary principles of nature into beautiful forms suitable for human use” (Frank Lloyd Wright,1957) DEFINITIONS Effectiveness is the ability to choose appropriate goals and achieve them goals must be appropriate and those goals must be achieved Efficiency is ability to make the most appropriate use of available resources in the process of achieving your goals Effectiveness is concerned with goal attainment, while efficiency is concerned with resource usage ( According to Vinh Thai, 2013 ) III. FUNCTIONS OF A MANAGER PLANNING LEADING ORGANIZING CONTROLLING A. PLANNING “Planning is an intellectually demanding process; it requires the conscious determination of courses of action and the basing of decisions on purpose, knowledge and considered estimates”. (According to Koontz, O’Donnell and Weihrich, 2005) .