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Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
Management Strategy
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Management Strategy

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Key factor of Management.

Key factor of Management.

Published in: Business, Education
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    • 1. MANAGEMENT TERMS PRESENTED BYASHRAFUL HODA As hraf ul . hoda01@ m l . c om hot ai
    • 2. DIRECTING • Directing is a process in which managers instruct, guide & oversee the performance of workers to achieve goals. • Directing consists of process by which instructions can be carried out as planned.
    • 3. CHARACTERISTICS OF DIRECTING • • • • • • Pervasive function Continuous activity Human factor Creative activity Executive function Delegate function
    • 4. ELEMENTS OF DIRECTION • Supervision Guiding & directing efforts of employees to accomplish stated work outputs. • Motivation It is a complex force starting & keeping person at work. • Leadership It is a process of influencing behavior of others to work willingly for achieving goals. • Communication It is the transfer of information, ideas & thoughts between people.
    • 5. CONTROLLING Controlling consists of verifying whether everything occurs in conformities with plans adopted, instructions issued & principle established. • Controlling measures deviation of actual performance from standard performance, discovers causes of deviation & helps in taking corrective action . • Controlling has two basic purposes 1. It facilitates coordination 2. It helps in planning. •
    • 6. FEATURES OF CONTROLLING • • • • • End function Pervasive function Forward looking Dynamic process Related with planning
    • 7. EFFECTIVE CONTROL SYSTEMS • • • • • • • • • Control at all levels in business Acceptability to those who enforce decisions Balance between objectivity and subjectivity Coordinated with planning organizing and leading Cost effectiveness Understandability Flexibility Timeliness Accuracy
    • 8. CO-ORDINATION • Co-ordination is an orderly pattern of group efforts to ensure unity of action in pursuit of common objectives. • It is the task of blending activities of individual and group efforts to maximize contribution towards the accomplishment of common goals.
    • 9. CHARACTERISTICS OF CO-ORDINATION • It is not a distinct function but the very essence of management. • It is basic responsibility of management and can be achieved through managerial function . • It Does not arise spontaneously . • It involves fixing the time and manner of performing activities. • It is an dynamic process.
    • 10. NEED AND IMPORTANCE • Efficiency and effectiveness. • Unity of direction. • Human relations. • Quintessence of management.
    • 11. DECISION MAKING • Decision making is a key roll of any leader in management . • To make right decisions , you must be experienced. PROBLEMS IN TAKING DECISIONS • Fear of failure. • Procrastinating • Lack of clarity.
    • 12. STEPS OF TAKING RIGHT DECISION • • • • • • PROBLEMS DEFINITION. ASSESS THE IMPLICATION. EXPLORE DIFFERENT PERSPECTIVES. GET CLEAR ON IDEAL OUTCOME. WEIGH UP PROS AND CONS. DECIDE AND ACT.
    • 13. CONCLUSION • Thus we can conclude that Directing ; Controlling ; Coordination & Decision Making are the key factor of Management. • They are the 4 basic pillar of any Management Strategy.
    • 14. THANK YOU

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