Principles and practice of management ppt @ bec doms bagalkot mba

1. Principles and practice of
management

2. Search questions
 What are the elements of a control
system?
 What are some points about a formal
management review?

3. Elements of the control system
 A detailed plan
 Reporting system
 Analysis and review
 Procedures for corrective action

4. Analysis of reported data.
 Reported data must be analysed with
respect to planned performance
 The analysis must extract deviation from
plan

5. Analysis and review
 Deviation must be brought to the attention of
those levels which have authority to take
necessary corrective action
 Shortfalls in technical performance, falling
behind schedule and excessive under or over
utilization of resources must be noted for action
 Results of this analysis usually reported by
exception or variance

6. Formal management review
 A critical element in a control system
 An element of the supervision process
 Directly related to achievement of programme
operational targets
 Pre-planned investigations into details of
programme performance
 They should occur at all levels
 The formal review should occur at times natural
to the lifetime of programme plan (milestones)

7. Formal management review
 The formal review should demonstrate
performance, schedule and resource use
through personal inspection and
satisfaction
 The review process has a vital positive
impact on personal performance
 The review will also identify personnel
training needs

8. Formal management review
 Supervision should be seen as an arm of
training
 The programme as a whole should be
reviewed by an appropriate external
group
 Enables areas to be identified for special
study & systems research to improve
programme implementation

9. Corrective action
 The culmination of the management control
system
 At times the corrective action taken may be to
recognize the realities of the situation and to
change the plan
 To the extent possible procedures and authority
for corrective action should be planned ahead
 Performance in taking corrective action as the
situation demands is an important
demonstration of the manager’s ability

10. Corrective action
 A major part of the manager’s effort should be
devoted to corrective action measures,
changing personnel assignments, securing
more resources, moving supplies, ensuring
continuing education,etc.
 Delegation of responsibilities
 The ability of a manager to conceptualise and
operate the management control system will
have an impact on the ultimate success of the
programme