Introduction To Management
Introduction To Management
What?
- Management
: as
the art and skill of getting things done with and through people
- A package of the process:
planning,
organizing, decision making, staffing, leading, motivating and controlling
Why?
- Management efforts are focused towards
accomplishment of stated/desired outcomes/goals through efficient utilization
of all the resources i.e. 5M’s
- The essence of mgt. is to bring out
coordination and cooperation between human and physical resources so that the
goals of the organization can be achieved efficiently and effectively
How?
-
harmonizing 5M’s as men, money, materials, machines and methods (technology)
-
with and by people
 |
Fig: Characteristics Of Management |
PRINCIPLES OF MANAGEMENT
1.Division
of Work
2.Clear
Define of Authority & Responsibility
3.Disciplinary
4.Unity
of Command
5.Unity
of Direction
6.Subordination
of Individual Interest to General
7.Remuneration/Compensation
8.Scalar
Chain
9.Order
10.Equitable
Treatment
11.Stability
of Tenure/Security
12.Esprit
De Corps
PROCESS/FUNCTIONS OF MANAGEMENT
PLANNING
• Predetermining future
• Setting of goals, policies, procedures and programs to achieve desired outcomes
• Thinking before doing
• Proper calculation of risk
• Reduce uncertainties
• Process of :
•- Setting organizational objectives
•- Forecasting the courses of action
•- Formulating the policies and procedures
•- Preparing work schedules and budgets
ORGANIZING
-Identify major activities for grouping into tasks
- Assigning the tasks to different individuals and departments
- Designing the proper structure and framework of the tasks
- Arrangement of various resources :
human, physical, financial, informational
- Delegating authority and defining clear responsibility among individuals & departments
- Job description & Job Specification
STAFFING
- A
process of human resource management
-
Principle of right man at right place at right job
- A
package of recruitment, selection, appointment and placement
- A
process :
- Preparing
human resource inventory
-
Determination of total manpower requirement
- Recruitment, selection and appointment of competent manpower
- Training & development programs: seminar, workshop, training
- Performance evaluation,
promotion & reward, transfer
- Remuneration management
LEADING
*
An interpersonal influence directed towards the achievement of a goal
* Ability to persuade others to seek defined
objectives
* Art of influencing and inspiring the behaviour of
followers/employees in accordance with requirement in an organization
* Components:
-
Supervision - Motivation
-
Direction - Communication
* A successful manager must posses leadership
skills to achieve the organizational goals efficiently and effectively
CONTROLLING
-
A system of :
*
Establishment of standard performance
*
Measurement of actual performance
*
Comparison of actual performance with the standard
*
Finding out the deviation if any
*
Taking corrective action
-Purpose is to ensure the actual
performance is in conformation with the standards
-An efficient system of control helps to
predict deviations before they occur
-Enables an organization to reach the
target more conveniently and effectively
Management Full Notes:
Introduction To Management
PROCESS/FUNCTIONS OF MANAGEMENT
Managerial Roles/Skills in Management
Evolution of Management Thoughts
Principles of Scientific Management
14 principles of Evolution of Management
Human Relation and Behavioral Science Theory
Abraham Maslow: Need Hierarchy Theory
Difference Between Theory X & Y
Comparison Of Theory X and Theory Y
Two Factor theory by Frederick Hertzberg
Management Science Theory
Contingency Theory
PROCESS/FUNCTIONS OF MANAGEMENT
Managerial Roles/Skills in Management
Evolution of Management Thoughts
Principles of Scientific Management
14 principles of Evolution of Management
Human Relation and Behavioral Science Theory
Abraham Maslow: Need Hierarchy Theory
Difference Between Theory X & Y
Comparison Of Theory X and Theory Y
Two Factor theory by Frederick Hertzberg
Management Science Theory
Contingency Theory
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