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Principles of Management Lec-1


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Principles of Management Lec-1

  1. 1. Principles Of Management
  2. 2. Prescribed text book Management: A global perspective 10 th edition Heinz Weihrich Harold Koontz Syllabus Chapters 1-2 5-12 16-18 20-21 Total = 15 Chapters No.of periods available :10 Principles Of Management
  3. 3. Evaluation <ul><li>Internal 50 </li></ul><ul><li>Quizzes 10 </li></ul><ul><li>Assignment 10 </li></ul><ul><li>Class participation 05 </li></ul><ul><li>Attendance </li></ul><ul><li>Midterm test 25 </li></ul><ul><li>External 50 </li></ul><ul><li>Total 100 </li></ul><ul><li>Pass Percentage 50% </li></ul><ul><li>TERM WORKLOAD </li></ul><ul><li>Quizzes 2 (1 each before & after Mid Term) </li></ul><ul><li>Assignments 2 (1 each before & after Mid-Term) </li></ul><ul><li>Mid term test 6 th Week </li></ul><ul><li>Terminal Exam 11 th Week </li></ul><ul><li>Attendance A minimum of 7 classes must be attended. </li></ul>
  4. 4. Sessional Marks <ul><li>Will be announced before Terminal Exam. </li></ul><ul><li>Mid Term Test </li></ul><ul><li>Will be of one hour duration, and will be followed by lecture. </li></ul><ul><li>Terminal Exam </li></ul><ul><li>Will be of 3 hours duration containing approx 14 questions of which at least 9 will have to be attempted. </li></ul>
  5. 5. Management <ul><li>One of the most important activities of human beings. </li></ul><ul><li>It is an art. </li></ul><ul><li>It can be learnt. </li></ul>
  6. 6. <ul><li>Management </li></ul><ul><li>Definintion1 </li></ul><ul><li>Manipulation of resources to achieve objectives </li></ul><ul><li>Resources:4Ms </li></ul><ul><li>Men </li></ul><ul><li>Material </li></ul><ul><li>Money </li></ul><ul><li>Machine </li></ul>
  7. 7. Management <ul><li>Definition.2 </li></ul><ul><li>The process of getting activities completed efficiently and e ffectively with and through other people. </li></ul>
  8. 8. Management <ul><li>Definition 3 </li></ul><ul><li>It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. </li></ul>
  9. 9. Management <ul><li>Definition 4 </li></ul><ul><li>Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort. </li></ul>
  10. 10. Management <ul><li>Definition 5 </li></ul><ul><li>The attainment of organizational goals in an effective and efficient manner through planning , organizing , leading , and controlling organizational resources. </li></ul>
  11. 11. PRINCIPLES In management, principles are fundamental truths. TECHNIQUES Techniques are essentially ways of doing things.
  12. 12. EFFECTIVENESS To achieve objectives within the available resources EFFICIENCY To achieve objectives at the least cost of resources.
  13. 13. ORGANIZATION <ul><li>It is a deliberate arrangement of people to accomplish some specific purpose. </li></ul><ul><li>Characteristics of an organization </li></ul><ul><li>Distinct Purpose </li></ul><ul><li>Deliberate Structure </li></ul><ul><li>People </li></ul>
  14. 14. INPUTS <ul><li>Human </li></ul><ul><li>Capital </li></ul><ul><li>Managerial Skills </li></ul><ul><li>Technological Application </li></ul>
  15. 15. OUTPUTS <ul><li>Products </li></ul><ul><li>Services </li></ul><ul><li>Satisfaction </li></ul><ul><li>Goal Achievement </li></ul><ul><li>Profits </li></ul>
  16. 16. STAKE HOLDERS <ul><li>Owners </li></ul><ul><li>Employees </li></ul><ul><li>Consumers </li></ul><ul><li>Suppliers </li></ul><ul><li>Stock Holders </li></ul><ul><li>Government </li></ul><ul><li>Community </li></ul>
  17. 17. Managing systems <ul><li>System </li></ul><ul><li>Is a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole. </li></ul><ul><li>Closed system </li></ul><ul><li>Open system </li></ul>
  18. 18. Closed System <ul><li>System that is not influenced by or does not inter- act with its environment. </li></ul><ul><li>Open system </li></ul><ul><li>System that is dynamic and interacts with its environment. </li></ul>
  19. 19. Universality of Management <ul><li>The reality that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational areas and in organizations in all countries of the world. </li></ul>
  20. 20. Functions Of Management <ul><li>Planning </li></ul><ul><li>Organizing </li></ul><ul><li>Staffing </li></ul><ul><li>Leading </li></ul><ul><li>Controlling </li></ul>
  21. 21. PLANNING <ul><li>Is defining goals, establishing strategy to meet them, establish plans to coordinate activities. </li></ul>
  22. 22. ORGANIZING <ul><li>Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made. </li></ul>
  23. 23. STAFFING <ul><li>Having determined what tasks are to be done, deciding how many are required to do the tasks and who is going to do what . </li></ul>
  24. 24. LEADING <ul><li>Motivating and directing, selecting most effective communication channels and resolving conflicts. </li></ul>
  25. 25. CONTROLLING <ul><li>Measuring and correcting individual and organizational performance to keep them as planned . </li></ul>
  26. 26. FUNCTIONS OF MANAGERS <ul><li>Planning </li></ul><ul><li>Organizing </li></ul><ul><li>Staffing </li></ul><ul><li>Leading </li></ul><ul><li>Controlling </li></ul>
  27. 27. MANAGERIAL SKILLS <ul><li>Conceptual </li></ul><ul><li>Design </li></ul><ul><li>Human </li></ul><ul><li>Technical </li></ul>
  28. 28. CONCEPTUAL SKILLS <ul><li>Ability to see the ‘big picture’, to recognize and understand significant elements in a situation. </li></ul>
  29. 29. DESIGN SKILL <ul><li>Ability to solve problems that will benefit enterprise. Also ability to design a workable solution to the problems and to avoid them in future. </li></ul>
  30. 30. HUMAN SKILLS <ul><li>Ability to work with people. </li></ul><ul><li>Creation of an environment in which people feel secure and free to express their opinions. </li></ul>
  31. 31. TECHNICAL SKILL <ul><li>Knowledge of and proficiency in activities involving methods, processes and procedures. </li></ul>
  32. 32. LEVELS OF MANAGEMENT 3 Top Level Management Middle Level First-Line Workers 2 1 4
  33. 33. Levels Of Management <ul><li>Top level (Top Managers) </li></ul><ul><li>Responsible for making decisions and setting policies that affect all aspects of organization. </li></ul>
  34. 34. <ul><li>Middle level (Middle level Managers) </li></ul><ul><li>Responsible for working out strategies and plans to implement decisions and policies made by top level managers. </li></ul>
  35. 35. FIRST LINE LEVEL (Supervisors) <ul><li>Responsible for ensuring work is done according to plans. </li></ul>
  36. 36. WORKERS(Operatvies) <ul><li>People who work directly on a job or task and have no responsibility for work of others. </li></ul>
  37. 37. MANAGERIAL SKILLS First Line Technical Design / Human Skills Conceptual / Design Middle Top Level
  38. 38. MANAGERIAL FUNCTIONS 45 25 20 5 35 30 20 15 5 15 30 50 TOP MIDDLE FIRST Plan Org Ldg Con
  39. 39. MANAGERIAL ROLES <ul><li>Interpersonal </li></ul><ul><li>Informational </li></ul><ul><li>Decisional </li></ul>
  40. 40. INTER PERSONAL ROLE <ul><li>Figurehead </li></ul><ul><li>Leader </li></ul><ul><li>Liaison </li></ul>
  41. 41. INFORMATIONAL ROLE <ul><li>Monitor </li></ul><ul><li>Disseminator </li></ul><ul><li>spokesperson </li></ul>
  42. 42. DECISIONAL ROLE <ul><li>Entrepreneur </li></ul><ul><li>Disturbance Handler </li></ul><ul><li>Resource Allocator </li></ul><ul><li>Negotiator </li></ul>