Management

Group members
• Rubab Shafique
• Barira Nashal
• Rimsha Arshad
• Warda Shadab

Contents• Definitions of management
• Sub-divisions of management
• Objectives of management
• Functions of management
• Principles of management
• Advantages of management
• Problems of management

George R.terry
Management is a distinct process consisting of
planning ,organizing , actuating and controlling
,performed to determine and accomplish the
objectives by the use of people and resources.
LAWRENCE A.APPLEY
Management is the process of accomplishment of
results through the efforts of other people.

F.W.Taylor
Management is the art of knowing what you
want to do and then seeing that it is done in
the best and cheapest way .
Henry Fayol
To manage to forecast and to plan ,to
organize, to command ,to coordinate
and to control.

SUB DIVISIONS
OF
MANAGEMENT

1
• Financial management.
2
• Personal management.
3
• Purchasing management.
4
• Production management.

5
• Marketing management.
6
• Office management.
7
• Maintenance management.
8
• Transport management.

OBJECTIVES
OF
MANAGEMENT

1
• Maximum result with
minimum inputs.
2
• Maintaining the
discipline.

3
•Promotion of research
and development.
4
•New ideas and
improvements.

5
•Survival and growth
of organization.
6
•Co-ordination
among staff.

7
•Efficient work.
8
•Optimum utilization of
resources.

9
•Salary
management.
10
•Marketing and
publicity.

FUNCTIONS
OR
PROCESS
OF
MANAGEMENT16
10.
Decision
making
Functions
Of
Manageme
nt
9.
Leadership
8.
Communication
7.
Controlling 6.
Co-
ordination
5.
Motivation
4.
Directing
2.
Planning
3.
Organizing
1.
Forecasting

Forecasting
• Forecasting is the process of making predictions of the future
based on past and present data and most commonly by
analysis of trends.
Planning helps in defining the course of action to be followed for
achieving various organizational objectives.
Planning

Organizing
• Organizing is the function of management which follows
planning.
• DIRECTING is said to be a process in which
the managers instruct, guide and oversee the performance of
the workers to achieve predetermined goals.
Directing

Motivating
• The term motivation is derived from the word’ motive’ which
means a need, or an emotion that prompts an individual into
action.
• In other words, coordinating function is the arrangement of
group efforts to provide unity of action in the pursuit of a
common goal.
Co-ordination

Controlling
• Some of the controls are Quality control, Cost control, Material
control and production control etc.
• Decision making process is continuous and
indispensable component of managing any
organization or business activities.
Decision-Making

Communication
• Communication constitutes a very important function, It is
an established fact that managers spend 75 to 90 per cent
of their working time in communicating with others .
• Leadership is the ability to build up confidence and zeal
among people.
Leadership

PRINCIPLES OF
MANAGEMENT

DIVISION OF WORK
• Division of work permits all the work to be performed more effectively.
RESPONSIBILITY
• In order to get things done in an organization, management
has the authority to give orders to the employees.

DISCIPLINE
• This management principle is essential and is seen as the oil to
make the engine of an organization run smoothly.
UNITY OF COMMAND
• ‘Unity of command’ means that an individual employee should
receive orders from manager and that the employee is
answerable to that manager.

UNITY OF DIRECTION
• Each management objective should have only one hand plan.
SUBORDINATION OF INDIVIDUAL
INTEREST :
• The primary focus is on the organizational objectives and not on those of the
individual.

REMUNERATION OF PERSONNEL
• Ultimately, it is about rewarding the efforts that have been made.
CENTRALIZATION
• According to this principle , there should be one central
point in the organization which have the power to control
overall work.

ORDER
• Employees in an organization must have the right resources at their disposal
so that they can function properly in an organization.
SCALER CHAIN
• This varies from senior management to the
lowest levels in the organization.

EQUITY
• Employees must be in the right place in the organization to do things
right.
STABILITY
• Efficiency can be achieved by having stable work force.
INITIATIVE
• T o have success, plan should be well made
before starting the actual work.

ADVANTAGE
OF
GOOD
MANAGEMENT

Working conditions
Better Atmosphere of work to the
workers .
Division of labor
Allows people to specialize in
particular tasks.

Maximum utilization of
available resources
Optimum use of available resources.
Selecting and training
of workers
There must be scientific way of selecting,
placement and training of workers.

Healthy employer
Employees relations
To reduce industrial dispute.
Collection and analysis of data
A good management collect the data about the
product to change trend of sale and purchase.

Instructions to workers
A good management ensures that proper
instructions and guidance to the workers.
Improved quality product
Better quality product are ensured.
Higher wages
Higher wages are achieved by high productivity.

PROBLEMS OF
MANAGEMENT

Management is a social
science
Unpredictable
Changes in business
environment
Society’s changing needs

Questions in five year
Short questions
• Enumerate the essential fundamental function of
management.(2012)
• Define industrial management with
objectives.(2011),(2013),(2014)

Management

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