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Principles of ManagementJan 07, 2020 4.1k likes | 11.42k Views Principles of Management. By Sapna Suri. Define Management. “ Management is the process of designing & maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.”. Contd>>>>>>>. Share Presentation- scientific management
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Presentation TranscriptPrinciples of Management By Sapna Suri Define Management “ Management is the process of designing & maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.” Contd>>>>>>> • As managers, people carry out the managerial functions of planning, organizing, staffing, leading, & controlling. • Management applies to any kind of organization. • It applies to managers at all organizational levels. • The aim of all managers is the same: to create a surplus. • Managing is concerned with productivity, this implies effectiveness & efficiency. Define Organizations : “Organizations which can be defined as group of people working together to create a surplus.” • In business organizations, this surplus is profit. • In nonprofit organizations, such as charitable organizations, it may be the satisfaction of needs. Features of Management : • Organized activities • Existence of objectives • Relationship among resources • Working with & Through people • Decision- Making Management & Administration : • Administration is above management • Administration is part of management • Management & administration are same Administration is above management : • “administration is that phase of business enterprise that concerns itself with the overall determination of institutional objectives & the policies necessary to be followed in achieving those objectives.” • “Management on the other hand, is an executive function which is primarily concerned with carrying out broad policies laid down by the administration.” Difference between administration & management : Administration is a part of management : • Management is a generic name for the total process of executive control in industry or commerce. • It is a social process entailing responsibility for the executive & economic planning & regulation of the operation of an enterprise, in the fulfillment of a given purpose or task. • Administration is that part of management which is concerned with the installation & carrying out the procedures by which it is laid down & communicated, & the process of activities regulated & checked against plans. Management & Administration are same • Management & administration are synonymous; the difference between the two terms lies mostly in their usage in different countries or different fields of human organizations. • The distinction between the two terms may be drawn by analyzing the origin of the word “administration”. • The government often uses the word administrator, instead of manager, to handle & manage its affairs The functions of management : • Management can be break down into 5 managerial functions : planning, organizing, staffing, leading & controlling • Management as an essential for any organization Managerial functions as at different organizational levels . Functions of Top Management : • To analyze, evaluate & deal with the external environmental forces • To establish overall long-term goals strategy & policies of the company including the master budget to allocate resources. • To create an organizational framework consisting of authority responsibility relationships. • To appoint departmental & other key executives. • To provide overall leadership to the company. Contd >>>>>>> • To represent the company to the outside world, e.g. ; trade associations, government, trade unions, etc. • To exercise overall review & control on the company’s operations & • To coordinate the activities & efforts of different departments. Functions of Middle Management : • To interpret & explain the policies framed by top management . • To compile & issue detailed instructions regarding operations. • To maintain close contacts with operating results so as to evaluate performance. • To participate in operating decisions • To cooperate among themselves so as to integrate or coordinate various parts of a division or a department Functions of Supervisory Management : • To plan day-to-day production within the goals laid down by higher authorities. • To assign jobs to workers to make arrangements for their training & development. • To supervise & control workers & maintain personal contact with charge hands. • To arrange materials & tools & to maintain machinery. • To advise & assist workers by explaining work procedures, solving their problems, etc Importance of Management : • Effective Utilization of Resources • Development of Resources • To Incorporate Innovations • Integrating Various Interest Groups • Stability in the Society Skills of Management : • Technical skills • Human skills • Conceptual skills • Design skills Nature of Management : • Management as an activity (or a process ) • Planning • Organizing • Staffing • Directing & • Controlling Contd >>>>>>> • Management as a discipline • Management education is gaining popularity in the present –day-times. • Scholars are interested in study of management discipline, for purposes of conducting research studies & making new & valuable contributions to this discipline • Practitioners of management are much interested in a study of management discipline • Management discipline is growing into specialized branches of management like production, marketing, personnel, finance & several others Contd >>>>>.. • Management as a group ( class or team or society) • Micro-level : the economic results, in terms of the attainment of common objectives, of the group-endeavor • Macro-level : the survival, growth & prosperity of the economy would be determined by the integrity, competence & efforts of the total management class • Management as an economic resource (or a factor of production) . The economist has been all the time been speaking of 4 factors viz , land, labour, capital & enterprise. Management science or Art : Management science or art differ in the following ways : • Commonsense is vague as compared to scientific knowledge • Flagrant inconsistency often appears in commonsense whereas logical consistency is the basic of science • Science systematically seeks to explain the events with which it deals, commonsense ignores the need for explanation • The scientific method deliberately exposes claims to the critical evaluation of experimental analysis, commonsense method fails to test conclusions in any scientific fashion Management as profession : “Profession is an occupation for which specialized knowledge, skills & training are required & the use of these skills is not meant for self-satisfaction but these are used for larger interests of the society & the success of the use of these skills is measured not in terms of money alone.” Characteristics of profession : • Existence of knowledge • Acquisition of knowledge • Professional association • Ethical codes • Service motive Objectives/ Advantages OR Significance of Management : • Micro level • Macro level Micro level Enterprise level • Maximum results with minimum inputs • Securing results in terms of production, sales, employee satisfaction • Maintaining a balance between the internal environment of the enterprise & the external environment Contd >>>>>>> • Ensuring maximum prosperity for both employers & employees • Stability of employement • Satisfactory working conditions • Fair remuneration • Job-satisfaction • Justice & human treatment • Ensuring survival, growth & prestige of the enterprise Macro level • To further the process of economic growth • To ensure social welfare • Generation of employment opportunities • Helping maintain healthy industrial relations • Conversion of challenges into opportunities Role of Management Principles : • To increase efficiency • To crystallize the nature of Management • To carry on Researches • To attain social objectives Evolution of Management Thought : • Many different contributors of writers & practitioners have resulted in different approaches to management, & these make up a “management theory jungle” Taylor & scientific management : • The concept of scientific management was introduced by Frederick Taylor in USA in the beginning of 20th century. • Scientific management was concerned essentially with improving the operational efficiency at the shop floor level Contd >>>>>>>> • “scientific management is concerned with knowing exactly what you want men to do & then see in that they do in the best & cheapest way” Elements & Tools of scientific Management : • Separation of planning & doing • Functional Foremanship • Job analysis • Time study involves the determination of time a movement takes to complete • Motion study involves the study of movements in parts which are involved in doing a job & thereby eliminating the wasteful movements & performing only necessary movements Contd >>>>>>> 3. Fatigue study shows the amount & frequency of rest required in completing the work. • Standardization • Scientific selection & training of workers • Financial Incentives • Economy • Mental Revolution Principles of scientific management : • Replacing rule of Thumb with science • Harmony in Group Action • Co-operation • Maximum output • Development of workers • A more equal division of responsibility between management & workers Contd >>>>>>>>>>>. • Mental revolution on the part of management & workers Merits of scientific Management : • More production & higher profits • Job-satisfaction • Personality development • Higher standard of living Fayol’s Administrative management : • Henry Fayol was a french mining engineer who turned a leading industrialist & a successful manager • Perhaps the real father of modern operational management theory is the French industrialist Henry Fayol. Contd >>>>>>> Fayol found that activities of an industrial organization could be divided into 6 groups such as : • Technical (relating to production) • Commercial (buying, selling & exchange) • Financial (search for capital & its optimum use ) • Security (protection of property & person) • Accounting (including statistics ) & • Managerial (planning, organization, command, coordination, & control ) Managerial qualities & training : • Physical (health, vigour , & address ) • Mental (ability to understand & learn, judgment, mental vigour, & capability) • Moral (energy, firmness, initiative, loyalty, tact, & dignity) • Educational (general acquaintance with matters not belonging exclusively to the function performed) • Technical (peculiar to the function being performed) & • Experience (arising from the work ) General Principles of Management : • Division of work • Authority & Responsibility • Discipline • Unity of Command • Unity of Direction • Subordination of Individual to General Interest • Remuneration of Personnel Contd >>>>>. • Centralization • Scalar chain • Order • Equity • Stability of Tenure • Initiative • Esprit de corps Role & Functions of a manager & activities of management Functions of Manager : • Planning • Organizing • Staffing • Directing • Controlling Nature Management Functions : • Management functions are universal • Management functions have interactive quality • Although management process suggests a sequential arrangement of functions its not always possible in the performance of managerial functions strictly in a sequence • Since there are many managerial functions often a question arises which management function is more important so that managers devote more time to that Roles Of Manager : • Interpersonal Role • Informational Role • Decisional Role Management Role : Functions at Various Levels of Management : Top Management : • Top management of an organization consists of board of directors, chairman & chief executive officer Principles of Management. Lesson 14 Flexibility/Agility: Life Cycle of Firm, Diversity, Global Dimensions of Business (Material from Management by Schermerhorn). From Chapter 9: Flexibility in Strategy. Incrementalism 974 views • 21 slides Topics. IntroductionHistory and Evolution of ManagementOrganizational 890 views • 30 slides L E A R N I N G O U T L I N E . Defining Organizational StructureDiscuss the traditional and contemporary view of work specialization.Describe each of the five forms of departmentalization.Explain cross-functional teams.Differentiate chain of command, authority, responsibility, and unity of co 765 views • 35 slides 662 views • 45 slides PRINCIPLES OF MANAGEMENTINTRODUCTION. Principles of management are broad and general guidelines for managerial decision-making and behaviour.They help managers to take and implement decisions. They act as guides for the practice of management. They help in predicting what would happen if the principles were applied. Wit 774 views • 27 slides Principles of Management. Week 4 – Decision Making. Rational Decision Making 8-step Process. 1. Identification of problem 2. Identification of Decision Criteria 3. Allocation of weights to criteria 4. Development of alternatives 5. Analysis of alternatives 6. Decide on an alternative 1.24k views • 22 slides IMPORTANCE / SIGNIFICANCE. Increases efficiencySolves problemsResearch is PossibleAttainment of Social Objectives. Fredrick Taylor's Principles Of Scientific Management. Definition. According to Fredrick Taylor management is ?knowing exactly what you want your men to do, and then see t 537 views • 13 slides Principles of Management. Definition : Management is a distinct process consisting of activities of Planning,Organizing, Actuating, and Controlling, performed to determine and accomplish stated objectives with the use of human beings and other resources 764 views • 3 slides Principles of Management . Week 4 – Decision Making. Rational Decision Making 8-step Process. 1. Identification of problem 2. Identification of Decision Criteria 3. Allocation of weights to criteria 4. Development of alternatives 5. Analysis of alternatives 6. Decide on an alternative 578 views • 17 slides Principles of Management . Corporate Social Responsibility. A New Skill for Managers. 691 views • 24 slides PRINCIPLES OF MANAGEMENT. GROUP MEMBERS. VAIBHAV CHAVAN JUBIN BALAKRISHNAN VARUN SALIAN. HISTORY. In 1938, Xerographic machine was invented by chester carlson In 1944, Carlson refined his process named as ‘’ électrophotography ’’ 387 views • 16 slides Principles of Management. Week 9 – Foundation of Behavior. Exhibit 14.1 The Organization as an Iceberg. Important Employee Behavior. Productivity Absenteeism Turnover Organizational citizenship behavior Job satisfaction Deviant behavior. Attitudes. 457 views • 21 slides Principles of Management. BBA 1 th Semester Mashal Institute of Higher Education. Chapter No. 03 Organizing . Introduction to Organizing. Organizing is a management function. It is the second function of all managers and all managers will organize for the success of the business. 832 views • 21 slides Principles of Management . Management and Diversity. Globalization and diversity. The new World is flat ! Flexible and mobile labour Multicultural democracies. Defining diversity. 511 views • 16 slides PRINCIPLES OF MANAGEMENT. By, Tracy Mary Riya Cherian Denzel Jacob Teslin Ranjan V Libni Mary Jacob Bony S Tharappel Thomas Varghese. MISSION Avenue Aviations has set up innovation centres to come out with the latest and most innovative methodology to achieve it targets. VISION 414 views • 22 slides Principles of Management. hapter. The Environment of Entrepreneurship and Small Business Management. 1. BMGT – Principles of Management. Entrepreneurship. Process of initiating a business venture Organizing the necessary resources Assuming the associated risks and rewards 366 views • 17 slides Principles of Management. MBA & BBA (Case Studies & Examples) Lectures 1 By: Farhan Mir. Lecture Administration. Case Studies C.F. Martins (Guitar Company) Lipschultz, Levin & Gray (CPA Firm) KFC (Fast Food Resturant) Managers in Spotlight Mr. Rehman Fraz Khan (Regional Manager –KFC) 1.1k views • 47 slides UNIT I. Principles of Management. Management. According to Harold Koontz , Management is the art of getting things done through and with people in formally organized groups. According to Peter Drucker 3.73k views • 57 slides Principles of Management. Management: Definitions, Roles & Skills. Management: Definitions. 771 views • 58 slides Principles of Management. Management: A Competency Base Approach. Methodology. Lectures Videos Cases Presentations Discussions and debates Research reports Projects. Webpage, Blog, Wiki, email. http://faculty.kfupm.edu.sa/MGM/jamilqaz/ http://mgt301.pbwiki.com/ 737 views • 45 slides Principles of managementPrinciples of management . Chapter 3 – the environment and corporate culture. Learning objectives –chapter 3. Understand the different environments in which companies operate. Understand how these different environments affect the operation of a company and management. 296 views • 13 slides Got any suggestions?We want to hear from you! Send us a message and help improve Slidesgo Top searches Trending searches 10 templates indigenous canada47 templates mid autumn festival18 templates 9 templates supreme court29 templates 113 templates Operational Management Best PracticesIt seems that you like this template, operational management best practices presentation, premium google slides theme, powerpoint template, and canva presentation template. Download the "Operational Management Best Practices" presentation for PowerPoint or Google Slides. 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Introduction to Management (Chapter 2) General Administrative Theory • Max Weber • Developed a theory of authority based on an ideal type of organization (bureaucracy) • The exercise of control on the basis of knowledge, expertise, or experience. • Emphasized rationality, predictability, impersonality, technical competence, and ...
Presentation Transcript. Principles of Management By Sapna Suri. Define Management " Management is the process of designing & maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.". Contd>>>>>>> • As managers, people carry out the managerial functions of planning, organizing ...
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