Principles Of Management

Prescribed text book Management: A global perspective 10 th edition Heinz Weihrich Harold Koontz Syllabus Chapters 1-2 5-12 16-18 20-21 Total = 15 Chapters No.of periods available :10 Principles Of Management

Evaluation Internal 50 Quizzes 10 Assignment 10 Class participation 05 Attendance Midterm test 25 External 50 Total 100 Pass Percentage 50% TERM WORKLOAD Quizzes 2 (1 each before & after Mid Term) Assignments 2 (1 each before & after Mid-Term) Mid term test 6 th Week Terminal Exam 11 th Week Attendance A minimum of 7 classes must be attended.

Internal 50

Quizzes 10

Assignment 10

Class participation 05

Attendance

Midterm test 25

External 50

Total 100

Pass Percentage 50%

TERM WORKLOAD

Quizzes 2 (1 each before & after Mid Term)

Assignments 2 (1 each before & after Mid-Term)

Mid term test 6 th Week

Terminal Exam 11 th Week

Attendance A minimum of 7 classes must be attended.

Sessional Marks Will be announced before Terminal Exam. Mid Term Test Will be of one hour duration, and will be followed by lecture. Terminal Exam Will be of 3 hours duration containing approx 14 questions of which at least 9 will have to be attempted.

Will be announced before Terminal Exam.

Mid Term Test

Will be of one hour duration, and will be followed by lecture.

Terminal Exam

Will be of 3 hours duration containing approx 14 questions of which at least 9 will have to be attempted.

Management One of the most important activities of human beings. It is an art. It can be learnt.

One of the most important activities of human beings.

It is an art.

It can be learnt.

Management Definintion1 Manipulation of resources to achieve objectives Resources:4Ms Men Material Money Machine

Management

Definintion1

Manipulation of resources to achieve objectives

Resources:4Ms

Men

Material

Money

Machine

Management Definition.2 The process of getting activities completed efficiently and e ffectively with and through other people.

Definition.2

The process of getting activities completed efficiently and e ffectively with and through other people.

Management Definition 3 It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

Definition 3

It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

Management Definition 4 Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.

Definition 4

Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.

Management Definition 5 The attainment of organizational goals in an effective and efficient manner through planning , organizing , leading , and controlling organizational resources.

Definition 5

The attainment of organizational goals in an effective and efficient manner through planning , organizing , leading , and controlling organizational resources.

PRINCIPLES In management, principles are fundamental truths. TECHNIQUES Techniques are essentially ways of doing things.

EFFECTIVENESS To achieve objectives within the available resources EFFICIENCY To achieve objectives at the least cost of resources.

ORGANIZATION It is a deliberate arrangement of people to accomplish some specific purpose. Characteristics of an organization Distinct Purpose Deliberate Structure People

It is a deliberate arrangement of people to accomplish some specific purpose.

Characteristics of an organization

Distinct Purpose

Deliberate Structure

People

INPUTS Human Capital Managerial Skills Technological Application

Human

Capital

Managerial Skills

Technological Application

OUTPUTS Products Services Satisfaction Goal Achievement Profits

Products

Services

Satisfaction

Goal Achievement

Profits

STAKE HOLDERS Owners Employees Consumers Suppliers Stock Holders Government Community

Owners

Employees

Consumers

Suppliers

Stock Holders

Government

Community

Managing systems System Is a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole. Closed system Open system

System

Is a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole.

Closed system

Open system

Closed System System that is not influenced by or does not inter- act with its environment. Open system System that is dynamic and interacts with its environment.

System that is not influenced by or does not inter- act with its environment.

Open system

System that is dynamic and interacts with its environment.

Universality of Management The reality that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational areas and in organizations in all countries of the world.

The reality that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational areas and in organizations in all countries of the world.

Functions Of Management Planning Organizing Staffing Leading Controlling

Planning

Organizing

Staffing

Leading

Controlling

PLANNING Is defining goals, establishing strategy to meet them, establish plans to coordinate activities.

Is defining goals, establishing strategy to meet them, establish plans to coordinate activities.

ORGANIZING Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made.

Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made.

STAFFING Having determined what tasks are to be done, deciding how many are required to do the tasks and who is going to do what .

Having determined what tasks are to be done, deciding how many are required to do the tasks and who is going to do what .

LEADING Motivating and directing, selecting most effective communication channels and resolving conflicts.

Motivating and directing, selecting most effective communication channels and resolving conflicts.

CONTROLLING Measuring and correcting individual and organizational performance to keep them as planned .

Measuring and correcting individual and organizational performance to keep them as planned .

FUNCTIONS OF MANAGERS Planning Organizing Staffing Leading Controlling

Planning

Organizing

Staffing

Leading

Controlling

MANAGERIAL SKILLS Conceptual Design Human Technical

Conceptual

Design

Human

Technical

CONCEPTUAL SKILLS Ability to see the ‘big picture’, to recognize and understand significant elements in a situation.

Ability to see the ‘big picture’, to recognize and understand significant elements in a situation.

DESIGN SKILL Ability to solve problems that will benefit enterprise. Also ability to design a workable solution to the problems and to avoid them in future.

Ability to solve problems that will benefit enterprise. Also ability to design a workable solution to the problems and to avoid them in future.

HUMAN SKILLS Ability to work with people. Creation of an environment in which people feel secure and free to express their opinions.

Ability to work with people.

Creation of an environment in which people feel secure and free to express their opinions.

TECHNICAL SKILL Knowledge of and proficiency in activities involving methods, processes and procedures.

Knowledge of and proficiency in activities involving methods, processes and procedures.

LEVELS OF MANAGEMENT 3 Top Level Management Middle Level First-Line Workers 2 1 4

Levels Of Management Top level (Top Managers) Responsible for making decisions and setting policies that affect all aspects of organization.

Top level (Top Managers)

Responsible for making decisions and setting policies that affect all aspects of organization.

Middle level (Middle level Managers) Responsible for working out strategies and plans to implement decisions and policies made by top level managers.

Middle level (Middle level Managers)

Responsible for working out strategies and plans to implement decisions and policies made by top level managers.

FIRST LINE LEVEL (Supervisors) Responsible for ensuring work is done according to plans.

Responsible for ensuring work is done according to plans.

WORKERS(Operatvies) People who work directly on a job or task and have no responsibility for work of others.

People who work directly on a job or task and have no responsibility for work of others.

MANAGERIAL SKILLS First Line Technical Design / Human Skills Conceptual / Design Middle Top Level

MANAGERIAL FUNCTIONS 45 25 20 5 35 30 20 15 5 15 30 50 TOP MIDDLE FIRST Plan Org Ldg Con

MANAGERIAL ROLES Interpersonal Informational Decisional

Interpersonal

Informational

Decisional

INTER PERSONAL ROLE Figurehead Leader Liaison

Figurehead

Leader

Liaison

INFORMATIONAL ROLE Monitor Disseminator spokesperson

Monitor

Disseminator

spokesperson

DECISIONAL ROLE Entrepreneur Disturbance Handler Resource Allocator Negotiator

Entrepreneur

Disturbance Handler

Resource Allocator

Negotiator