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Introduction to mgmt
 

Introduction to mgmt

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    Introduction to mgmt Introduction to mgmt Presentation Transcript

    • Principles Of Management
    • Management
      • Management is the art of getting things done through others
      • Management is a process of designing & maintaining environment in which individuals, working together in groups, efficiently accomplish selected aims
    • Nature/Characteristics Of Mgmt.
      • Mgmt is Multidisciplinary as it involves the concepts from various disciplines like psychology , economics etc.
      • Mgmt is a Group Activity
      • Mgmt is Goal Oriented
      • Mgmt is a Factor Of Production
      • Mgmt is Universal in Character (mgmt principles are same in all organizations )
      • Mgmt is a Social Process as it involves dealing with people
      • Mgmt is a system of Authority
    • Objectives Of Management
      • Proper utilization of resources
      • Achievement of objectives
      • Growth & development of business
      • Minimizing Cost and increasing profits
      • Better quality goods
      • Improving overall performance
      • Planning for future
      • Social benefits
    • Management as Science
      • The existence of a systematic body of knowledge which uses scientific methods
      • Principle are evolved on the basis of continuous observation
      • Principles have universal applicability
      • Principles involve cause and effect relationship
    • Management as Art
      • Management process involves the use of practical knowledge and personal skill
      • Management is creative as everybody does in their own ways
      • Application of practical knowledge & certain skills helps to achieve concrete results
      • Management has result oriented approach.
    • Management as a Profession
      • Existence of knowledge
      • Acquisition of knowledge by getting formal training
      • Ethical Codes
      • Professional association as it consists of firms and individuals
      • Service motive implies employees should keep social interest in their mind
    • MANAGERIAL SKILLS
        • Technical skills
        • * It refer to the ability to the tools , equipment, produces & techniques.
        • Human skills
        • * It refer to the ability of the manager to work effectively.
        • Decision Making skills
        • Communication skills
        • Political skills
    • MANAGERIAL ROLES
        • INTERPERSONAL ROLES:
            • * Figure Head Role ( attend functions , greet people )
            • * Leader Role(responsible for the activities of his subordinates)
            • * Liaison officer ( link between higher mgmt. & subordinates )
        • INFORMATION ROLES:
            • * Monitoring Information (within and outside the organization)
            • * Disseminating Information to others
            • * Spokes person while dealing with outsiders
        • DECISION ROLES:
            • * Entrepreneur (decisions regarding contraction and expansion)
            • * Disturbance handler.
            • *Resource Allocator.
            • *Negotiator ( With outside world for prices )
    • MANAGEMENT LEVELS
      • Top level management
      • ( includes owners , board of directors , chairman)
      • Functions :
      • * To formulate goals & policies of the company.
      • * To formulate Budgets.
      • * To appoint top executives.
      • * To decide the distribution of profit.
    • MIDDLE LEVEL MANAGEMENT
      • ( Includes managers of various departments )
      • Functions :
      • To monitor & control the operating performance.
      • Compiling & issuing instructions
      • To train motivate & develop supervisory level.
      • Assigning duties and responsibilities
      • To co-ordinate among themselves so as integrate the various activities of a department.
      • Collecting information & reports on performance
    • LOW LEVEL MANAGEMENT
      • ( Includes supervisors and foreman )
      • Functions :
      • To train and develop the efficiency of the workers.
      • To assign job to workers.
      • To give orders and instructions.
      • To report feedback information about workers .