l05 industrial management
TRANSCRIPT
Planning
It is a mental process requiring the use of intellectual foresight and sound judgment.
• Determination of objectives
• Forecasting
• Formulation of policies and programmes
• Preparation of schedules and procedures
Organizing
It determines the activities to be done, grouping the activities, creating the structure of authority.
• Determine nature of activities
Staffing
• HR planning
• Deciding source of recruitment
• Receiving applications
• Testing and interviewing
• Final Selection
• Orientation
• Training
Controlling
• Setting up of standards
• Measuring performance
• Comparing performance with standards
• Taking corrective action
Coordination
• “Function of manager” by henry fayol
• “First principle of organization” by James Mooney
• “Vital phase of controlling” by Ralph C Davis
“Coordination is the orderly arrangement of group efforts to provide unity of action in pursuit of a common purpose”
Significance of Coordination
• Better Results
• E E
• Better utilization of resources
• KEEP ADDING THEM ON
LEVELS OF MANAGEMENT
Board of directors,
chief Executives
Departmental Heads Regional managers
Plant Managers
Supervisors, Section Officers
TOP LEVEL
MIDDLE
LOWER
Top Level
• Laying down Board Objectives
• Taking Decisions
• Reviewing work
• Measure the performances of middle level
• Coordination
Middle Level
• Planning for execution of the policies provided by top level
• Laying down guidelines
• Analyzing achievements of lower level
• Reports to top level
Lower Level
• To organize the activities
• To supervise the workers
• To provide training to workers
• To communicate problems of workers to above levels
Steps in Planning
Setting Objectives
Follow up and Review
Securing Cooperation
Formulation of Derivative Plans
Developing Premises
Identifying Alternatives
Choice of the best
Alternative
Requirements of a good plan
• Simple
• It must be Specific rather general
• Logical and practical
• Flexible
• Stable
• Complete and Integrated
Importance of organization
• Specialization
• Role Clarity
• Clear lines of Authority
• Avoidance of duplication of efforts
• Adaptation of newer Technology
Steps involved in Organizing
• Division of Activities
• Creation of Jobs
• Assignment of Jobs (Operations)
• Establishing the Authority and Responsibility
Authority and Responsibility
AUTHORITY
• Meaning- Right of a manager to command his subordinates
• Origin- Arises because of formal position
• Direction Flow- Flow Downward direction
RESPONSIBILITY
• Duty to perform the task
• Superior – subordinate relationship
• Upward direction
Types of organization
Formal
• Created to achieve Predetermined objectives
• Official hierarchy
• Stable
Informal
• No predetermined objectives
• Based on relations or voluntary
• Not Stable i.e does not last long
Principles of Management
• Henry Fayol, J.D Mooney, F.W. Taylor, Max Weber and many other management thinkers have derived certain generalizations from their work experience.
• These generalizations are the principles of management.
“Principle is a basic statement that provides understanding and guide thinking and action.”
Nature of Management Principles
• General statements
• Dynamic Guidelines
• Based on situation
• Universal
Henry Fayol’s Principles of Management
14 Principles.
I - Initiative
SEE – Stability, Equity and “Esprit de corps”
DADUU - Discipline, Authority and Responsibility, Division of work, Unity of command and Unity of direction.
CROSS – Centralization, Remuneration, Order, Subordination of Individual Interest to General Interest and Scalar chain
1. Initiative2. Stability3. Equity 4. “Esprit de corps”5. Discipline6. Authority and Responsibility7. Division of work8. Unity of command9. Unity of direction.10. Centralization11. Remuneration12. Order13. Subordination of Individual Interest to General Interest14. Scalar chain
Assignment - 1Q.1 Write short notes on• Six sigma• System Approach• Contingency Approach• Nature of Production FunctionQ.2 What is the difference between Management and Administration.Q.3 Explain main characteristics of labor. What factors affect the productivity of labor.Q.4 Describe the position of a minor as a partner.Q.5 What considerations should be kept in mind while choosing a form of business organization.