ManagementManagement Definition, Nature, Scope Definition, Nature, Scope

And Roll Of ManagersAnd Roll Of Managers Presented ByPresented By

Praveen RaiPraveen Rai

OBJECTIVES:-OBJECTIVES:-

After this presentation you will be able to define –

ManagementNature of ManagementScope of ManagementFunctions Of ManagementRole Of Managers

About Stephen CoveyAbout Stephen Covey

Birth-Birth- Stephen Covey, a great motivational

author of 7 Habits of Highly Effective People born on 24th october, 1932 in Utah, USA.

Education-Education- He studied in the university of Utah and

completed his Master Of Business administrator (MBA) from Havard University and he also completed his Doctorate degree from the Brigham young university.

Cont…Cont…

Work-Work- Covey worked as a professor of

business management and organisational behaviouer at Brigham University.

Famous Book-Famous Book- 7 Habits Of Highly Effective

People .

What is Management?What is Management?

There is no precise definition of management. Management has decision oriented definition, people oriented definition, function oriented definition and production or efficiency oriented ect. But in general we define the management as follow;

“ Management is the process involving planning, organizing, staffing, directing and controlling human efforts to achieve stated objectives in an organization.”

Nature of ManagementNature of Management The study and application of management

techniques in managing the affairs of the organization have changed its nature over the period of time . Various contributions to the field of management have changed its nature. Therefore the nature of management can be described as follow;

Multidisciplinary Dynamic nature of principles Relative, not absolute principles Management: Science or Art Management as Profession Universality of Management

1-Management as 1-Management as DisciplinaryDisciplinary Management is basically

multidisciplinary. This implies that, although management has been developed as a separate discipline, it draws knowledge and concepts from various discipline. It draws freely ideas and concepts from psychology, sociology, anthropology, economics, ecology ect. Management integrates the ideas and concepts taken from these disciplines and presents newer concepts which can be put into practice for managing the organization. In fact the integration of knowledge of various discipline is the major contribution of management and this integrated discipline is known as management.

2- Dynamic Nature Of 2- Dynamic Nature Of PrinciplesPrinciples

Principle is a fundamental truth which Principle is a fundamental truth which establish causes and effect relationships of establish causes and effect relationships of function. Management has framed certain function. Management has framed certain principles on the basis of integration and principles on the basis of integration and supported by practical evidences. These supported by practical evidences. These principles are flexible in nature and with the principles are flexible in nature and with the changed in the environment in which an changed in the environment in which an organization exists. Because of the continuous organization exists. Because of the continuous development in nthe field, many older development in nthe field, many older principles are being changed by new principles are being changed by new Principles. In fact, there is nothing permanent Principles. In fact, there is nothing permanent in the landslide of management.in the landslide of management.

3- Relative, not 3- Relative, not absolute Principleabsolute Principle Management principles are

relative, not absolute and they should be applied according to the need of the organization. Each organization may be different from others. The difference may exits because of time, place, socio-culture factors ect. However individuals working within the same organization may also differ. Thus a particular management should be applied in the light of prevailing conditions.

MANAGEMENT: SCIENCE MANAGEMENT: SCIENCE OR ARTOR ART

There is a controversy whether management is science or art. Management is both science and Art.

Management as Science: Management as an art. Management: science and

art both:

Cont…Cont… MANAGEMENT AS PROFESSION1 Existence of knowledge:2 Acquisition of Knowledge3 Profession Association4 Ethical Codes:5 Service motive Management as Emerging profession

Profession of Management in India

Cont…Cont… Universality of Management1. arguments for universalitya) Management as a process b) Distinction between management

fundamental and techniques.c) Distinction between management

fundamental and practice Arguments against universality

SCOPE OF SCOPE OF MANAGEMENTMANAGEMENT Production Management:(a) designing the product(b) location and layout of plant and building(c) planning and control of factory

operations(d) operation of purchase and storage of

materials(e) repairs and maintenance(f) inventory cost and quality control(g) research and development etc.

(ii) Marketing Management:(ii) Marketing Management:

Marketing involves following activities

(a) Marketing research to determine the needs and expectation of consumers

(b) Planning and developing suitable products(c) Setting appropriate prices(d) Selecting the right channel of distribution,

and(e) Promotional activities like advertising and

salesmanship to communicate with the customers

(iii) Financial (iii) Financial Management:Management: 1. selecting the appropriate

source of funds 2.raising the required funds

at the right time 3.administration of earnings 4.Estimating the volume of

funds

(iv) Personnel (iv) Personnel Management:Management:(a) Manpower planning(b) Recruitments,(c) Selection,(d) Training(e) Appraisal,(f) Promotions and transfers,(g) Compensation,(h) Employee welfare services, and(i) Personnel records and research, etc.

Management Functions

PlanningOrganizing Staffing Directing Controlling

PlanningPlanning planning is the first function which

is basically a logical thinking process that decides what needs to be done in order to achieve organization's goals and objectives. It focuses on the broader perspective of the business as well as taking into consideration, the tactical methods to get the desired results.

Organizing

Organizing is about setting up and maintaining the internal organizational structure in accordance with objectives mentioned in planning stage. It also involves assigning tasks to various individuals for the larger goal of organization's missions and objectives.

StaffingStaffing

Staffing is the process of choosing right people for organization. It can be associated with human resource management and involves recruitment, hiring, training and compensating the workforce.

DirectingDirecting

Directing is guiding Directing is guiding people in the people in the organization through organization through the means of the means of counseling, instructing, counseling, instructing, motivatingmotivating

ControllingControlling

The process of leading and influencing the task related activities of group members or an entire organization

Leader or Manager?Leader or Manager?

InnovateDevelopInspireLong-term viewOriginateChallenge

status-quo

AdministerMaintainControlShort-term viewImitateAccept status-

quo

How This Class WorksHow This Class Works

STUDENT + CLASSROOM +Instructor

Guests

Activities/Discussions

Videos...

OUTSIDE

RESOURCESBook

Internet

Reference Materials

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KNOWLEDGE

5 M’s of Management5 M’s of Management

1.1. MoneyMoney

2.2. ManpowerManpower

3.3. MaterialMaterial

4.4. MachineryMachinery

5.5. MethodsMethods

Managerial RolesManagerial Roles

Interpersonalfigurehead

leaderliaison

Informationalmonitor

disseminatorspokesperson

Decisionalentrepreneur

disturbance handlerresource allocator

negotiator

RolesFunctionsInterpersonal

Informational

Decisional

Planning

Organizing

Staffing

Directing

Controlling

RELIANCE GROUPRELIANCE GROUP

The Reliance group founded by Dhirubhai H. Ambani “1932-2002”. India provides largest sector enterprise, with business in the energy and materials value chain Group’s annual revenues in excess of USD 22 Billion the flagship company. Reliance industries limited Fortune global 500 companies and it is largest private sector company in India.

Late Dheeru Bhai Ambani

Born : December 28, 1932Died : July 6, 2002Achievements: - Dhiru Bhai Ambani built India’s largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian Company to feature in Forbes.Dhirubhai Ambani alias DhirajLal Hirachand Ambani was born on December 28, 1932 at chorwad, Gujarat into a modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling “bhajias” to pilgrims in Mount girnar over the weekends.

We are very thankful to our respected dean sir Prof. S.K. SRIVSTAVA for his guidance and motivation to this presentation