management class

Introduction to Management

ByRansom Joseph

14-11-2008

Definition of Management• “Management is the process of designing and

maintaining of an environment in which individuals working together in groups, efficiently accomplish selected aims”

--Koontz and Weihrich

Nature of Management

• Continuous process.• Achieving Organization goals by ensuring

effective use of resources.• Managers use the resources of the

Organization, both physical as well as human to achieve the goals.

Types of Managers

• General Managers: • Financial Managers: • Marketing Managers: • Human Resources Managers: • Operations Managers:

Management as a Science or an Art

Science• systemic body of knowledge, principle should

be verifiable, reliable basis for predicting future events.

Management is an Inexact Science• It is complex and unpredictable• Org. Decision are influenced by the

environment.

Contd.,

14 principles of Management by Henry Fayol

1. Division of work2. Authority and Responsibility3. Discipline4. Unity of Command5. Unity of Direction6. Subordination of individual interest to

general interest7. Remuneration of personnel

14 Principles Contd.,

8. Centralisation9. Scalar Chain10. Order11. Equity12. Stability of tenure of personnel13. Initiative14. Esprit decorps

Management Levels and Skills

Roles of a Manager

A)Interpersonal Role• 1. Head of the Organization• 2. Liaison• 3. LeaderB) Informational Role• 1.Monitors• 2.Disseminator• 3.Spokesman

Roles Contd.,

C)Decisional Role• 1.Entrepreneural• 2.Disturbance Handler• 3.Resource Allocator• 4.Negotiator

Functions of Management

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