introduction to management

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Page 1: introduction to management

WELCOME

Page 2: introduction to management

NEED FOR MANAGEMENT

Page 3: introduction to management

Dhruvin

Doshi- 5428

Sahil Shah-

5435

Mohit Goyal-

5401

Kiran Nair-

5436

Rahul Dhoka-

5439

Vishal

Kachhdiya-

5415

Page 4: introduction to management

Introduction To Management :Management is, above all, a practice where science, art and crafts meet.

Applicable in all walks of life.

Management is like a “Master Key” to open all doors to success.

An organization without a manager is like a car without an engine.

Page 5: introduction to management

“The conventional definition of management is getting work done through people,

but real management is developing people through

work”

DEFINITIONS:-Abedi Agha Hasan

Page 6: introduction to management

Management is efficiency in climbing the ladder of success

Stephen R. Covey

Page 7: introduction to management

“Good management is the art of making problems so

interesting and their solutions so constructive that everyone wants to

get to work and deal with them.”

Paul Hawken

Page 8: introduction to management

Characteristics of Management :

Continuous Process. Group Activity. Result oriented. Follows well established rules. Flexibility. Intangible. Universally applicable. Situational in nature.

Page 9: introduction to management

Functions of management

Functions Of

Management

Controlling

Planning Organising

Staffing

Directing

Co- ordinating

Page 10: introduction to management

Planning :“PLANNING IS LOOKING AHEAD”

Planning is a mechanism for doing things In an orderly manner.

CONCEPTS OF PLANNING :-I. Determining the objectives.II. Deciding the course of action.III. Selecting the best course of

action.

Page 11: introduction to management

Organizing : Organizing is a tool which gives shape to business plan.

CONCEPTS OF ORGANIZATION :-I. It’s a group activity.II. It’s a continuous process.III. Delegates duties and authorities.

Page 12: introduction to management

Staffing : Human factor is the most important factor in management.

CONCEPTS OF STAFFING :-I. Recruitment.II. Development and training.III. Motivating and rewarding.

Page 13: introduction to management

Directing : It is an heart, soul and essence of management.

It involves instructing, guiding and inspiring people.

CONCEPTS OF DIRECTING :-I. Effective communication.II. Effective leadership.III. Maintaining discipline.

Page 14: introduction to management

Co- ordinating : Establishes links between various department of organisation. It provides unity of action in pursuit of common purpose.

Co- Ordination at different levels :-I. Top level co- ordinates activities of middle level.II. Middle level co- ordinates activities of lower level.III. Lower level co- ordinates activities of subordinates.

Page 15: introduction to management

Controlling : Controlling is seeing that the actual performance corresponds to expected performance.

Controlling finds out deviation in plans and take corrective actions to assure realisation of plan.

Controlling involves three elements :I. StandardsII. EvaluationIII. Corrective action

Page 16: introduction to management

Management is an Art :

Page 17: introduction to management

Mary Parker Foilet , Harold Koontz and several other management authors called management as “The art of getting things done through people”.

Management is an art due to the following reasons :

I. Result oriented.II. Application and dedication.III. Innovation.IV. Individual approach.V. Initiative.VI. Intelligence.

Page 18: introduction to management

Management is a Science :

Page 19: introduction to management

F.W.Taylor, father of scientific management was

perhaps the first person to consider management as a science.

Management is a social science

I. Systematic Decision MakingII. Output may vary, input being same.III. Universally followed process.IV. Universally Accepted.

Management is a social science due to:-

Page 20: introduction to management

Management is a Profession:

Page 21: introduction to management

Profession is an occupation carried by Professional like Lawyer ,C.A etc.

There is a debate whether management is profession.

Management and Profession has following similarity:-

I. Expert Knowledge.II. Specialization.III. Social Responsibilty.

Page 22: introduction to management

Management and profession DON’T have following

similarities:-

I. Formal Education.II. Code of Conduct.III. Fees.IV. License.V. Premises.

Thus we can say that management is partly

Profession and partly Non Profession.

Page 23: introduction to management

Levels of Management:

Page 24: introduction to management

Top level Management:

Page 25: introduction to management

It performs administrative functions.

They are responsible for framing plan and policies of organisation.

The nature of work of this level is determinative. It is more administrative than managerial. It requires creative skills.

It covers long span of period. It involves very few people.

It has Board of Directors, C.E.O, Chairman etc.

Page 26: introduction to management

The main functions are:-

I. Framing objectives of businessII. Taking decisions on important matters.III. To establish long term plans.IV. Structuring the organisationV. Providing leadership and direction to the company.VI. Reviewing and controlling finances.VII. Assembling the resources needed to put the plans into operation.

Page 27: introduction to management

Middle level management:

Page 28: introduction to management

Different departmental heads are included a middle level management. They receive orders and instructions from top level management.

It is more executory and managerial than administrative.

It requires pursuasive skills.

It covers intermediate range.

Page 29: introduction to management

It functions are:-

I. To interpret ,explain and communicate the policies of top management.

II. Operating performance is controlled and monitored by middle level management.

III. Encouraging,training and developing subordinates for higher productivity.

IV. Preparing rules and regulation for lowest management .

Page 30: introduction to management

Lower level of Management:

Page 31: introduction to management

Lower level of management is directly linked to routine work of firm. The nature of work of this level is operative . It is more managerial than administrative.

It is link between management and workers.

It consists large number of persons.

It is easy evaluate its performance. It is concerned with short period.

Page 32: introduction to management

It’s functions are as follows:

I. Planning day to day work.II. Carrying out instructions of middle level management.III. Alloting duties to workers, inspecting and supervising their work.IV. Attending the problems of workers and making arrangement for their training and development.V. To maintain discipline.VI. Create goodwill of the enterprise before workers. and ensure safety of workers, machinery and tools.

Page 33: introduction to management

Comparison with human Body:

Page 34: introduction to management

Need for management:

Page 35: introduction to management

Higher efficiency

Corporate image/Goodwill/Reputation.

Team work.

Motivation.

Reduction in labour Turnover.

Page 36: introduction to management

Better Relation

Growth and expansion.

Quality of worker’s.

Smooth flow of activities.

Less burden on superiors.

Mutual respect.

Page 37: introduction to management

Management approach:

Page 38: introduction to management

Old management Approach:

Autocratic.

Lack of training.

No social responsibility.

No participation in management by employees.

Negative attitude towards workers.

Page 39: introduction to management

New management approach:

Emphasis on social responsibility.

Proper training.

Delegation of authority.

Workers participation in management.

Page 40: introduction to management

New Management Trends:

Professional management.

Disaster management.

Event management.

Total quality management.

Page 41: introduction to management

Professional management:

Page 42: introduction to management

I. It helps to develop innovative ideas.

II. It facilitate team work.

III. Ensures optimum use of resources.

IV. Generates higher efficiency.

Imporatance:

Page 43: introduction to management

Disaster management:

Page 44: introduction to management

Importance:

I. It helps in averting disaster.

II. It helps to manage disaster.

III. It undertakes various relief measure.

Page 45: introduction to management

Event management:

Page 46: introduction to management

Importance:

I. It facilitates proper planning of the event.

II. It enables proper organizing of resources.

III. It helps in managing the promotion of the event.

IV. It enables follow up activities relating to the event.

Page 47: introduction to management

Total quality management:

Page 48: introduction to management

Importance:

I. It generates satisfaction.

II. It helps produce defect free product.

III. It facilitates optimum use of resources.

IV. It develops team work in the organization

Page 49: introduction to management

Case study:

Page 50: introduction to management

Warren Buffet:

“In the business world, the rearview mirror is always clearer than

the windshield.”

Page 51: introduction to management

Guru:

“VILLAGER

VISIONARY

WINNER”

Page 52: introduction to management

Nature’s Management:

Page 53: introduction to management