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Fundamentals of Management
1. FUNDAMENTALS OF
MANAGEMENT
Dr. Syed Amin Tabish
FRCP, FACP, FAMS, MD HA (AIIMS)
Postdoc Fellowship, Bristol University (England)
Doctorate in Educational Leadership (USA)
2. WHAT IS MANAGEMENT?
• An art more than a science
• Inherently social in nature
• Getting things done
through others
6. FOUR FUNCTIONS
• First stated by Henri Fayol(1841-1925)-French
CEO
• Now stated as
1. Planning
2. Organizing
3. Leading
4. Controlling
7.
8. PLANNING & ORGANIZING
• Planning -- Setting firms goals plus the
way to accomplish them
• Organizing -- deciding structure of
decision-making
What will be done, by whom, for whom
34. ADDED ESSENTIAL
• MOTIVATION TO MANAGE
How enthusiastic is an employee to manage
the work of others
After all getting work done through others is
what management is all about
35.
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42.
43. TEN MISTAKES OF
MANAGERS
• 1. Insensitive, intimidating, bullying
• 2. Cold, aloof, arrogant
• 3. Untrustworthy
• 4. Too ambitious, playing politics
• 5. Specific performance problems
44. TEN MISTAKES OF
MANAGERS, cont
• 6. Overmanaging -- not delegating
• 7. Ineffective staffing
• 8. Can’t think strategically
• 9. Can’t adapt to different bosses
• 10. Overdependency on mentor
45. COMPETITIVE ADVANTAGE
THROUGH PEOPLE
• PRODUCT OR SERVICE BEING EQUAL
• ADVANTAGE RESTS WITH EMPLOYEES WHO
ARE BETTER, MORE COMMITTED
• EMPHASIZES SOCIAL NATURE OF THE FIRM
46. Fayol’s 14 Principles of Management
• Division of work
• Authority
• Discipline
• Unity of
command
• Unity of direction
• Subordination of
the individual
• Centralization
• Scalar chain
• Order
• Equity
• Stability of
tenure of
personnel
• Initiative
• Esprit de corps