Principles of Management Lec-1

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  • 1. Principles Of Management
  • 2. 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
  • 3. 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.
  • 4. 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.
  • 5. Management
    • One of the most important activities of human beings.
    • It is an art.
    • It can be learnt.
  • 6.
    • Management
    • Definintion1
    • Manipulation of resources to achieve objectives
    • Resources:4Ms
    • Men
    • Material
    • Money
    • Machine
  • 7. Management
    • Definition.2
    • The process of getting activities completed efficiently and e ffectively with and through other people.
  • 8. Management
    • Definition 3
    • It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.
  • 9. Management
    • Definition 4
    • Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.
  • 10. Management
    • Definition 5
    • The attainment of organizational goals in an effective and efficient manner through planning , organizing , leading , and controlling organizational resources.
  • 11. PRINCIPLES In management, principles are fundamental truths. TECHNIQUES Techniques are essentially ways of doing things.
  • 12. EFFECTIVENESS To achieve objectives within the available resources EFFICIENCY To achieve objectives at the least cost of resources.
  • 13. ORGANIZATION
    • It is a deliberate arrangement of people to accomplish some specific purpose.
    • Characteristics of an organization
    • Distinct Purpose
    • Deliberate Structure
    • People
  • 14. INPUTS
    • Human
    • Capital
    • Managerial Skills
    • Technological Application
  • 15. OUTPUTS
    • Products
    • Services
    • Satisfaction
    • Goal Achievement
    • Profits
  • 16. STAKE HOLDERS
    • Owners
    • Employees
    • Consumers
    • Suppliers
    • Stock Holders
    • Government
    • Community
  • 17. 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
  • 18. 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.
  • 19. 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.
  • 20. Functions Of Management
    • Planning
    • Organizing
    • Staffing
    • Leading
    • Controlling
  • 21. PLANNING
    • Is defining goals, establishing strategy to meet them, establish plans to coordinate activities.
  • 22. ORGANIZING
    • Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made.
  • 23. 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 .
  • 24. LEADING
    • Motivating and directing, selecting most effective communication channels and resolving conflicts.
  • 25. CONTROLLING
    • Measuring and correcting individual and organizational performance to keep them as planned .
  • 26. FUNCTIONS OF MANAGERS
    • Planning
    • Organizing
    • Staffing
    • Leading
    • Controlling
  • 27. MANAGERIAL SKILLS
    • Conceptual
    • Design
    • Human
    • Technical
  • 28. CONCEPTUAL SKILLS
    • Ability to see the ‘big picture’, to recognize and understand significant elements in a situation.
  • 29. 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.
  • 30. HUMAN SKILLS
    • Ability to work with people.
    • Creation of an environment in which people feel secure and free to express their opinions.
  • 31. TECHNICAL SKILL
    • Knowledge of and proficiency in activities involving methods, processes and procedures.
  • 32. LEVELS OF MANAGEMENT 3 Top Level Management Middle Level First-Line Workers 2 1 4
  • 33. Levels Of Management
    • Top level (Top Managers)
    • Responsible for making decisions and setting policies that affect all aspects of organization.
  • 34.
    • Middle level (Middle level Managers)
    • Responsible for working out strategies and plans to implement decisions and policies made by top level managers.
  • 35. FIRST LINE LEVEL (Supervisors)
    • Responsible for ensuring work is done according to plans.
  • 36. WORKERS(Operatvies)
    • People who work directly on a job or task and have no responsibility for work of others.
  • 37. MANAGERIAL SKILLS First Line Technical Design / Human Skills Conceptual / Design Middle Top Level
  • 38. MANAGERIAL FUNCTIONS 45 25 20 5 35 30 20 15 5 15 30 50 TOP MIDDLE FIRST Plan Org Ldg Con
  • 39. MANAGERIAL ROLES
    • Interpersonal
    • Informational
    • Decisional
  • 40. INTER PERSONAL ROLE
    • Figurehead
    • Leader
    • Liaison
  • 41. INFORMATIONAL ROLE
    • Monitor
    • Disseminator
    • spokesperson
  • 42. DECISIONAL ROLE
    • Entrepreneur
    • Disturbance Handler
    • Resource Allocator
    • Negotiator