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Industrial Management
Lecture – 5, 6 and 7
Unit- 2
Discuss
• Management
• Nature and characteristics
• Importance
• Managerial Functions(PODSCo)
Planning
It is a mental process requiring the use of
intellectual foresight and sound judgment.
• Determination of objectives
• Forecasting
• Formulation of policies and programmes
• Preparation of schedules and procedures
Organizing
It determines the activities to be done, grouping
the activities, creating the structure of authority.
• Determine nature of activities
Staffing
• HR planning
• Deciding source of recruitment
• Receiving applications
• Testing and interviewing
• Final Selection
• Orientation
• Training
Directing
• Leadership
• Communication
• Motivation
• Supervision
Controlling
• Setting up of standards
• Measuring performance
• Comparing performance with standards
• Taking corrective action
Coordination
• “Function of manager” by henry fayol
• “First principle of organization” by James
Mooney
• “Vital phase of controlling” by Ralph C Davis
“Coordination is the orderly arrangement of
group efforts to provide unity of action in pursuit
of a common purpose”
Significance of Coordination
• Better Results
• E E
• Better utilization of resources
• KEEP ADDING THEM ON
Finally
PLANNING
ORGANISING
STAFFING
DIRECTING
CONTROLLING
CO-ORDINATION
LEVELS OF MANAGEMENT
Board of
directors,
chief Executives
Departmental Heads
Regional managers
Plant Managers
Supervisors, Section Officers
TOP LEVEL
MIDDLE
LOWER
Top Level
• Laying down Board Objectives
• Taking Decisions
• Reviewing work
• Measure the performances of middle level
• Coordination
Middle Level
• Planning for execution of the policies provided
by top level
• Laying down guidelines
• Analyzing achievements of lower level
• Reports to top level
Lower Level
• To organize the activities
• To supervise the workers
• To provide training to workers
• To communicate problems of workers to
above levels
Basic steps involved in
• PODSCo
Steps in Planning
Setting
Objectives
Follow up and
Review
Securing
Cooperation
Formulation of
Derivative Plans
Developing
Premises
Identifying
Alternatives
Choice of the
best
Alternative
Requirements of a good plan
• Simple
• It must be Specific rather general
• Logical and practical
• Flexible
• Stable
• Complete and Integrated
Importance of organization
• Specialization
• Role Clarity
• Clear lines of Authority
• Avoidance of duplication of efforts
• Adaptation of newer Technology
Steps involved in Organizing
• Division of Activities
• Creation of Jobs
• Assignment of Jobs (Operations)
• Establishing the Authority and Responsibility
Authority and Responsibility
AUTHORITY
• Meaning- Right of a
manager to command
his subordinates
• Origin- Arises because
of formal position
• Direction Flow- Flow
Downward direction
RESPONSIBILITY
• Duty to perform the
task
• Superior – subordinate
relationship
• Upward direction
Types of organization
Formal
• Created to achieve
Predetermined objectives
• Official hierarchy
• Stable
Informal
• No predetermined
objectives
• Based on relations or
voluntary
• Not Stable i.e does not last
long
Principles of Management
• Henry Fayol, J.D Mooney, F.W. Taylor, Max
Weber and many other management thinkers
have derived certain generalizations from
their work experience.
• These generalizations are the principles of
management.
“Principle is a basic statement that provides
understanding and guide thinking and action.”
Nature of Management Principles
• General statements
• Dynamic Guidelines
• Based on situation
• Universal
Henry Fayol’s Principles of
Management
14 Principles.
I - Initiative
SEE – Stability, Equity and “Esprit de corps”
DADUU - Discipline, Authority and
Responsibility, Division of work, Unity of
command and Unity of direction.
CROSS – Centralization, Remuneration, Order,
Subordination of Individual Interest to General
Interest and Scalar chain
1. Initiative
2. Stability
3. Equity
4. “Esprit de corps”
5. Discipline
6. Authority and Responsibility
7. Division of work
8. Unity of command
9. Unity of direction.
10. Centralization
11. Remuneration
12. Order
13. Subordination of Individual Interest to General Interest
14. Scalar chain
Assignment - 1
Q.1 Write short notes on
• Six sigma
• System Approach
• Contingency Approach
• Nature of Production Function
Q.2 What is the difference between Management and
Administration.
Q.3 Explain main characteristics of labor. What factors
affect the productivity of labor.
Q.4 Describe the position of a minor as a partner.
Q.5 What considerations should be kept in mind
while choosing a form of business organization.

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L05 industrial management

  • 2. Discuss • Management • Nature and characteristics • Importance • Managerial Functions(PODSCo)
  • 3. Planning It is a mental process requiring the use of intellectual foresight and sound judgment. • Determination of objectives • Forecasting • Formulation of policies and programmes • Preparation of schedules and procedures
  • 4. Organizing It determines the activities to be done, grouping the activities, creating the structure of authority. • Determine nature of activities
  • 5. Staffing • HR planning • Deciding source of recruitment • Receiving applications • Testing and interviewing • Final Selection • Orientation • Training
  • 7. Controlling • Setting up of standards • Measuring performance • Comparing performance with standards • Taking corrective action
  • 8. Coordination • “Function of manager” by henry fayol • “First principle of organization” by James Mooney • “Vital phase of controlling” by Ralph C Davis “Coordination is the orderly arrangement of group efforts to provide unity of action in pursuit of a common purpose”
  • 9. Significance of Coordination • Better Results • E E • Better utilization of resources • KEEP ADDING THEM ON
  • 11. LEVELS OF MANAGEMENT Board of directors, chief Executives Departmental Heads Regional managers Plant Managers Supervisors, Section Officers TOP LEVEL MIDDLE LOWER
  • 12. Top Level • Laying down Board Objectives • Taking Decisions • Reviewing work • Measure the performances of middle level • Coordination
  • 13. Middle Level • Planning for execution of the policies provided by top level • Laying down guidelines • Analyzing achievements of lower level • Reports to top level
  • 14. Lower Level • To organize the activities • To supervise the workers • To provide training to workers • To communicate problems of workers to above levels
  • 15. Basic steps involved in • PODSCo
  • 16. Steps in Planning Setting Objectives Follow up and Review Securing Cooperation Formulation of Derivative Plans Developing Premises Identifying Alternatives Choice of the best Alternative
  • 17. Requirements of a good plan • Simple • It must be Specific rather general • Logical and practical • Flexible • Stable • Complete and Integrated
  • 18. Importance of organization • Specialization • Role Clarity • Clear lines of Authority • Avoidance of duplication of efforts • Adaptation of newer Technology
  • 19. Steps involved in Organizing • Division of Activities • Creation of Jobs • Assignment of Jobs (Operations) • Establishing the Authority and Responsibility
  • 20. Authority and Responsibility AUTHORITY • Meaning- Right of a manager to command his subordinates • Origin- Arises because of formal position • Direction Flow- Flow Downward direction RESPONSIBILITY • Duty to perform the task • Superior – subordinate relationship • Upward direction
  • 21. Types of organization Formal • Created to achieve Predetermined objectives • Official hierarchy • Stable Informal • No predetermined objectives • Based on relations or voluntary • Not Stable i.e does not last long
  • 22. Principles of Management • Henry Fayol, J.D Mooney, F.W. Taylor, Max Weber and many other management thinkers have derived certain generalizations from their work experience. • These generalizations are the principles of management. “Principle is a basic statement that provides understanding and guide thinking and action.”
  • 23. Nature of Management Principles • General statements • Dynamic Guidelines • Based on situation • Universal
  • 24. Henry Fayol’s Principles of Management 14 Principles. I - Initiative SEE – Stability, Equity and “Esprit de corps” DADUU - Discipline, Authority and Responsibility, Division of work, Unity of command and Unity of direction. CROSS – Centralization, Remuneration, Order, Subordination of Individual Interest to General Interest and Scalar chain
  • 25. 1. Initiative 2. Stability 3. Equity 4. “Esprit de corps” 5. Discipline 6. Authority and Responsibility 7. Division of work 8. Unity of command 9. Unity of direction. 10. Centralization 11. Remuneration 12. Order 13. Subordination of Individual Interest to General Interest 14. Scalar chain
  • 26. Assignment - 1 Q.1 Write short notes on • Six sigma • System Approach • Contingency Approach • Nature of Production Function Q.2 What is the difference between Management and Administration. Q.3 Explain main characteristics of labor. What factors affect the productivity of labor. Q.4 Describe the position of a minor as a partner. Q.5 What considerations should be kept in mind while choosing a form of business organization.