1           MANAGEMENT           APPROACHES05/08/12   AEC & RI, KUMULUR, TNAU - 621712
Management Approaches2       Management By Objectives (MBO)       Quality Circles (QC)       Profit Center (PC)       ...
MBO3       A comprehensive approach       Focusing on objectives       Providing guide lines       Joint goal setting ...
Quality Circle (QC)4       QC is group of people, from the same        organizational area       Usually a facilitator w...
Profit Center5    It exists in a decentralized organization    Divisionalised on Product / Region    Given all physical...
6   05/08/12
SWOT Analysis7       Most of the firms adopt       To stimulate the flow of ideas, ‘SWOT’ analysis        approach will ...
Contd..   SWOT analysis represents conscious, deliberate,    and systematic effort by an organization to identify    oppo...
Opportunities                   Strengths    Agribusiness    organization   Weakness                                  Thre...
Strength & Weakness10     Internal      Shareholders      Employees      Products (range, quality)      Pricing Polici...
Opportunities & Threats11     External      Government (State, Central)      Customers      Suppliers      Subsidy / I...
SWOT Matrix                            Internal                      Internal   Internal /                            Stre...
Functional Areas of Agribusiness     Organisation13        Production        Marketing        Finance        Human Res...
Production14     Strength      New good machineries      High capacity      Dedicated workforce      Ability to produc...
Production15     Weakness      Old machineries      Less capacity      Discouraged workforce      Late in supply     ...
Marketing16     Strength        Company is well known        Strong market share        Good quality        Good servi...
Marketing17     Weakness        Company is less known        Less market share        Poor quality        Poor service...
Marketing18     Opportunities      Company develops more powerful system      Company develops lower cost product      ...
Marketing19     Threats      Competitor develops superior system      High cost      Economic depression      Legislat...
Finance20     Strength      Low cost of capital      High capital availability      High profit      Stable finance   ...
Finance21     Weakness      High cost of capital      Less capital availability      Low profit      Unstable finance ...
Human Resource (HR) / Personnel22     Strength      Visionary leaders      Capable managers      Dedicated workers     ...
Human Resource (HR) / Personnel23     Weakness      Poor leaders      Incapable managers      Discouraged workers     ...
Thank you24          05/08/12
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Management approach - SWOT

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Management approach - SWOT

  1. 1. 1 MANAGEMENT APPROACHES05/08/12 AEC & RI, KUMULUR, TNAU - 621712
  2. 2. Management Approaches2  Management By Objectives (MBO)  Quality Circles (QC)  Profit Center (PC)  Strength, Weakness, Opportunities and Threats (SWOT) 05/08/12
  3. 3. MBO3  A comprehensive approach  Focusing on objectives  Providing guide lines  Joint goal setting  Subordinates assume the responsibility  Positive motivation among all people  Encourages self-appraisal & self-development  Attainment of desired results. 05/08/12
  4. 4. Quality Circle (QC)4  QC is group of people, from the same organizational area  Usually a facilitator works with each group, which normally consists of six to twelve members.  Members meet regularly to solve problems they experience at work.  Leads to TQM 05/08/12
  5. 5. Profit Center5 It exists in a decentralized organization Divisionalised on Product / Region Given all physical facilities like a self contained unit Eg: Regional Managers / Product Managers Accountable for profit or loss 05/08/12
  6. 6. 6 05/08/12
  7. 7. SWOT Analysis7  Most of the firms adopt  To stimulate the flow of ideas, ‘SWOT’ analysis approach will be useful. 05/08/12
  8. 8. Contd.. SWOT analysis represents conscious, deliberate, and systematic effort by an organization to identify opportunities that can be profitably exploited by it. Periodic SWOT analysis facilitates the generation of ideas.8 05/08/12
  9. 9. Opportunities Strengths Agribusiness organization Weakness Threats9 05/08/12
  10. 10. Strength & Weakness10 Internal  Shareholders  Employees  Products (range, quality)  Pricing Policies 05/08/12
  11. 11. Opportunities & Threats11 External  Government (State, Central)  Customers  Suppliers  Subsidy / Incentives  Political situation 05/08/12
  12. 12. SWOT Matrix Internal Internal Internal / Strength (S) weakness (W) external factors e.g.,Finance, e.g., weaknesses in the Marketing, R&D, box of “strengths” New product External WO Strategy (Mini-Maxi) SO Strategy (Maxi-Maxi) opportunities (O) e.g., Developmental Most successful strategy, e.g., Current & strategy to overcome Utilizing the organizations future economic weaknesses in order strengths to take advantages conditions, to take advantage of of opportunities Political & Social opportunities changes, External ST Strategy (Maxi-Mini) WT Strategy (Mini-Mini) Threats (T) e.g., retrenchment, e.g., areas similar e.g., use of strengths to cope liquidation, or joint to those shown in with threats or to avoid venture “opportunities” as threats to minimise both12 above 05/08/12 weakness & threats
  13. 13. Functional Areas of Agribusiness Organisation13  Production  Marketing  Finance  Human Resource (HR) / Personnel 05/08/12
  14. 14. Production14 Strength  New good machineries  High capacity  Dedicated workforce  Ability to produce in time  High technology 05/08/12
  15. 15. Production15 Weakness  Old machineries  Less capacity  Discouraged workforce  Late in supply  Low technology 05/08/12
  16. 16. Marketing16 Strength  Company is well known  Strong market share  Good quality  Good service  Low production cost  Low distribution cost  Effective sales force  Good R & D  More geographical coverage  Availability of new product 05/08/12
  17. 17. Marketing17 Weakness  Company is less known  Less market share  Poor quality  Poor service  High cost  More distribution cost  Less sales force  Poor R & D  Less geographical coverage  Less availability of new product 05/08/12
  18. 18. Marketing18 Opportunities  Company develops more powerful system  Company develops lower cost product  Develops software to evaluate consumers  System to measure the performance 05/08/12
  19. 19. Marketing19 Threats  Competitor develops superior system  High cost  Economic depression  Legislation to control 05/08/12
  20. 20. Finance20 Strength  Low cost of capital  High capital availability  High profit  Stable finance 05/08/12
  21. 21. Finance21 Weakness  High cost of capital  Less capital availability  Low profit  Unstable finance 05/08/12
  22. 22. Human Resource (HR) / Personnel22 Strength  Visionary leaders  Capable managers  Dedicated workers  Flexible & Adaptable  Change management 05/08/12
  23. 23. Human Resource (HR) / Personnel23 Weakness  Poor leaders  Incapable managers  Discouraged workers  Rigid  Poor change management 05/08/12
  24. 24. Thank you24 05/08/12
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