Business Management

1. MANAGEMENT:
AN INTRODUCTION
Lecture # 1 by
Hareem Siddiqui

2. WHAT IS MANAGEMENT?
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Introduction to Management

3. MANAGEMENT
A process of coordinating work activities so
that they are completed efficiently and
effectively with and through other people.
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Introduction to Management

4. EFFICIENCY AND EFFECTIVENESS IN
MANAGEMENT
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Introduction to Management
Efficiency
• Doing Things Right
Effectiveness
• Doing the Right Things

5. EFFICIENCY AND EFFECTIVENESS IN
MANAGEMENT
Management strives for:
Low Resource waste High Goal attainment
Resource usage Goal Attainment
Low Waste High Attainment
MANAGEMENT
Efficiency (Means) Effectiveness (Ends)
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Introduction to Management

6. MANAGERIAL EFFICIENCY &
EFFECTIVENESS
Introduction to Management 6

7. WHO ARE MANAGERS?
• Someone who works with and through other
people by coordinating their work activities in
order to accomplish organizational goals.
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Introduction to Management

8. HIERARCHIAL CLASSIFICATION OF
MANAGERS
Top
manager
s
Middle
managers
First line
managers
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Introduction to Management

9. WHAT DO MANAGERS DO?
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Introduction to Management

10. MANAGERIAL FUNCTIONS
Planning
Organizing
Leading
Controlling
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Introduction to Management

11. WHAT DO MANAGERS DO?
• Establishment of goals.
• Making plans and strategies.
• Coordinating and organizing the activities.
• Managing with the resources.
• Influencing and directing the people.
• Goal accomplishment on time.
• Continuously monitor the actual
organizational performance with that of pre
established standards.
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Introduction to Management

12. RELATIONSHIP B/W MANAGERIAL
FUNCTIONS & ORG GOALS
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Introduction to Management
Organizational
Goals
Planning
Organizing
Leading
Controlling

13. MINTZBERG’S MANAGERIAL ROLES
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Introduction to Management

14. UNIVERSALITY OF MANAGEMENT
Mgmt is
needed
in..
All
sizes
of org
All
types
of org
All org
levels
All org
areas
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Introduction to Management

15. MANAGERIAL SKILLS
• Skills are specialized tools.
• Managerial skills vary from individual to
individual depending on the situations.
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Introduction to Management

16. MANAGERIAL SKILLS NEEDED AT
DIFFERENT LEVELS
• Top
• Middle
• Lower
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Introduction to Management
Conceptual
Skills
Human
Skills
Technical
Skills