Management Strategy

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Key factor of Management.

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  • Management Strategy

    1. 1. MANAGEMENT TERMS PRESENTED BYASHRAFUL HODA As hraf ul . hoda01@ m l . c om hot ai
    2. 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. 3. CHARACTERISTICS OF DIRECTING • • • • • • Pervasive function Continuous activity Human factor Creative activity Executive function Delegate function
    4. 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. 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. 6. FEATURES OF CONTROLLING • • • • • End function Pervasive function Forward looking Dynamic process Related with planning
    7. 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. 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. 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. 10. NEED AND IMPORTANCE • Efficiency and effectiveness. • Unity of direction. • Human relations. • Quintessence of management.
    11. 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. 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. 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. 14. THANK YOU

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