management ppt
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MANAGEMENT
BY-THAKUR COLLEGE
FYBS/D/9051ABHISHEK MISHRA
Contents
Intorduction1
Levels of Management2
Nature & scope3
Application & Process4
PP5
Scientific Management6
Merit & Demerit7
Conclusion8
Principles of management
Introduction
EffectivenessEffectiveness
EfficiencyEfficiencyGetting workdone through
others
Getting workdone through
others
“Management is the art of knowing what you want to doAnd then seeing that it is done in the best and cheapest way”
A business develops in course of time with complexities. With increasing complexities managing the business has become a difficult task. The need of existence of management has increased tremendously. Management is essential not only for business concerns but also for banks, schools, colleges, hospitals, hotels, religious bodies etc.
It is management that regulates man's productive activities throughcoordinated use of material resources. Without the leadership provided by management, the resources of production remain resources and never become production.
Levels
Mar
ketin
g
Admin
istra
tion
Other
Human
reso
urces
Operat
ions
Finan
ce
Middle managers
Areas of Management
Levels of Management
First-line managers
Top managers
Levels of Management
First-line Managers: have direct responsibility for producing goods or services Foreman, supervisors, clerical supervisors
Middle Managers: Coordinate employee activities Determine which goods or services to
provide Decide how to market goods or services
to customersAssistant Manager, Manager (Section
Head)
Top Managers: provide the overall direction of an organization Chief Executive Officer, President, Vice President
Nature & Scope
Universal processContinuous processGoal orientedGroup activityIntangible force
Scope
Production managementMarketing managementFinancial managementPersonal management
Process of management
Principles of Management
1. Division of Work: allows for job specialization. Work
should be divided among individuals and groups.
2. Authority and Responsibility: Authority right to
give orders. Responsibility involves being answerable
Whoever assumes authority assumes responsibility
3. Discipline: Common efforts of workers. Penalties
4. Unity of Command: Employees should have only
one boss.
5. Unity of Direction: A single plan of action to guide
the organization.
6. Subordination of individual interests to the
general interests of organization
Principles of Management
7. Remuneration: An equitable uniform payment system that motivates and contribute to success. 8. Centralization: The degree to which authority rests at the top of the organization.
9. Scalar Chain: Chain like authority scale.10. Order: The arrangement of employees where they will be of the most value to the organization.11. Equity: The provision of justice and fair dealing 12. Stability of Tenure of Personnel13. Initiative14. Esprit de corps: Harmony, general good feeling among employees
Scientific Management
Scientific management is defined as the use of the scientific methodTo determine the “one best way” for a job to be done. The most important contributor in this field was Frederick W. Taylor who is known as the “father” of scientific management. Using his principles of scientific management, Taylor was able to define the “one best way” for doing each job. Frank and Lillian Gilbreth were inspired by Taylor’s work and proceeded to study and develop their own methods of scientific management. They devised a classification scheme to label 17 basic hand motions called ‘the bligs’ in order to eliminate wasteful motions Guidelines devised by Taylor and others to improve production efficiency are still used in today’s organizations. However, current management practice is not restricted to scientific management practices alone.
Elements of scientific management still used include:1. Using time and motion studies2. Hiring best qualified workers3. Designing incentive systems based on output
Merit
3 Important merits of management
Involvement of the personalOrderly growth of the organisationMotivation of management
Demerit
3 Important demerits of management
Time consumingSometime failure of coordinationCostly process
Conclusion
Management is very essential for all kind of business or organization
To achieve the goals of an organization management is necessary.
All the principal should be practiced in order to get the accurate result
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