MBA and it's importance

1. Management Studies and it’s Importance
Abhishek Das.
Ashoka 1.
MBA 1st Semester.
MBA 108 Presentation.
Eastern Institute for Integrated Learning in Management, Kolkata

2. Introduction
• Learning how to effectively & efficiently manage people and processes.
• A wide-ranging topic stretching from project management to CSR.
• Offers the knowledge and skills needed to assume management positions.
• Helps to analyse complex situations and to visualize appropriate responses .

4. • Planning, organizing, controlling and monitoring financial resources.
• Procurement of funds, utilization of funds, accounting, payments, risk assessment.
• Application of general principles of management to the financial possessions.

5. Marketing Management
• Planning, organising, controlling and implementing of marketing strategies and tactics
• Art and science of choosing target markets and building a profitable relationship.
• Depends on Marketing Mix: Product Mix, Pricing Mix and Promotion Mix.
• Depends on uncontrollable factors: Demand, Competition, Public policy.

6. Human Resources Management
• Recruitment & selection: Based on Job role, responsibilities.
• Performance management: Based on KPIs.
• Learning & development: In the form of Introductory and Refresher Training.
• Succession planning: Planning contingencies in case of key employees leaving the company.
• Compensation and benefits: Fair compensation is key in motivating and retaining employees.

7. Production and Operations Management
• Inputs/resources final goods via defined, controlled and repeatable policies.
• Add value to product or service creating a strong and long lasting customer relationship.
• Engaging and maintaining the supply chain of vendor → production facility → customers.

8. Information Technology Management
• Determining business requirements for IT systems.
• Managing IT budgets and costs.
• Monitoring safety and compliance.
• Controlling system and network security.
• Implementing new software, hardware and data systems
• Providing technical or help desk support.

9. Management studies in Corporate
• Increased self-confidence
• Strategic thinking
• Better communication
• Better time management.
• Increased creativity.

10. Importance
• Achieving Group Goals
• Optimum Utilization of Resources
• Reduces Costs
• Establishes Sound Organization
• Establishes Equilibrium