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Ppt ft 1

  1. 1. Nature and Scope of Management Presented by :- BBA – FT (group –A ) by :- Jai Nagawat (jainagawat95@gmail.com)
  2. 2. by :- Jai Nagawat (jainagawat95@gmail.com
  3. 3. What is Management ? It is very difficult to give a precise definition of the term ‘management’. Different scholars from different disciplines view and interpret management from their own angles. Management is the art and science of organizing and directing human efforts applied to control the forces and utilize the materials of nature for the benefit of man. —American Society of Mechanical Engineers by :- Jai Nagawat (jainagawat95@gmail.com)
  4. 4. The study and application of management technique in managing the affairs of the origination have changed its nature over the period of time. Various contribution to the field of management have changed its nature. Therefore the nature of management can be described as follow :  Management as a Dynamic nature  Management as a science.  Management as an art.  Management as a profession.  Management as a universal process  Management as a systemby :- Jai Nagawat (jainagawat95@gmail.com)
  5. 5. Principle is a fundamental truth which establish causes and effect relationship of function. Management has framed certain principles on the basis of integration and supported by practical evidences. These principles are flexible in nature and changed with the environment in which an organization exists. Because of the continues development in the field many older principles are being changed by new principles. In fact, there is nothing permanent in landslide of management. by :- Jai Nagawat (jainagawat95@gmail.com)
  6. 6. by:-JaiNagawat (jainagawat95@gmail.com)
  7. 7. ♪ Management has a systematized body of knowledge. It has its own theory and principle, but it also draws on the other disciplines such as economic, sociology, psychology, etc.. It has its own vocabulary of terms and concepts. ♪ The experiments are not capable of being accurately predicted or replicated because it deals with human behavior which defers from each other therefore management can be called an inexact science. ♪ Since the management's principle are not exact there application and use is not universal. they have to modified according to situation. by:-JaiNagawat (jainagawat95@gmail.com)
  8. 8. by:-JaiNagawat (jainagawat95@gmail.com)
  9. 9. Management can besaid to bean art sinceit satisfied the following criteria A successful manager practicestheart of management in theday to day of managing an enterprise based on study , observation &experience A manager appliesthesescientific methods& body of knowledgeto agiven situation . A good manager works through acombination of practice , creativity , imagination , initiative , innovation . A manager appliestheseacquired knowledgein a personalized & skillful manner in thegiven situation & put theseprincipleinto practice by:-JaiNagawat (jainagawat95@gmail.com)
  10. 10. Profession may bedefined asan occupation based on specialized interactual & training . Thepurposeof which isto supply skill services Features:- ♥ Specialized & organized knowledge ♥ Formal education ♥ Priority isto provideservicesover profit motive. ♥ Servicesarealwaysprovided against somemonetary benefits. ♥ Themanagement isnot bind by any kind of codeof conduct. by :- Jai Nagawat (jainagawat95@gmail.co
  11. 11. Management as a universal process, refer to the processes adopted by persons of the world on how to satisfy there wants or ends, since resource that are capable of satisfying human wants are relatively scarce! Management is universal process ,because whenever there is organized group of people working towards some common goal there is a need of management. So nobody can work alone in any type of organization like school, commercial institute, so they need organization ,hence it is universal ,applied in every type of organization. We can see management in every organization, firms, companies, schools, banks etc. Management is important at every level of management i.e. Top, Middle and Low. by :- Jai Nagawat (jainagawat95@gmail.com)
  12. 12. by :- Jai Nagawat (jainagawat95@gmail.co
  13. 13. by :- Jai Nagawat (jainagawat95@gmail.co
  14. 14.  Designing the product.  Location and layout of plant and building.  Planning and control of factory operations.  Operation of purchase and storage of materials.  Repairs and maintenance.  Inventory cost and quality control.  Research and development etc. Production management implies planning, organizing, directing and controlling the production function so as to produce the right goods, in right quantity, at the right time and at the right cost. It includes the following activities:- Production management by :- Jai Nagawat (jainagawat95@gmail.com)
  15. 15.  Production management also deals with decision-making regarding the quality, quantity, cost, etc., of production. It applies management principles to production.  Production management is a part of business management. It is also called "Production Function." Production management is slowly being replaced by operations management.  The main objective of production management is to produce goods and services of the right quality, right quantity, at the right time and at minimum cost. It also tries to improve the efficiency. An efficient organization can face competition effectively. Production management ensures full or optimum utilization of available by :- Jai Nagawat (jainagawat95@gmail.com)
  16. 16.  Marketing management refers to the identification of consumers needs and supplying them the goods and services which can satisfy these wants. It involves following activities : Planning and developing suitable Marketing research to determine the needs and expectations of consumers. Planning and developing suitable products. Setting appropriate prices. Selecting the right channel of distribution, and Promotional activities like advertising and salesmanship to communicate with the customers. by :- Jai Nagawat (jainagawat95@gmail.com)
  17. 17.  The following figure shows the marketing objectives and Marketing systems. Economic and other factors Political and Legal factor Technological and Socio culture factors by :- Jai Nagawat (jainagawat95@gmail.com)
  18. 18. Selecting the appropriate source of funds. Raising the required funds at the right time. Administration of earning. Estimating the volume of funds. Financial management may also refer to: Managerial finance, a branch of finance that concerns itself with the managerial significance of finance techniques. Corporate finance, a type of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. Financial management for IT services, financial management of IT assets and resources Financial management seeks to ensure the right amount and type of funds to business at the right time and at reasonable cost. It comprises of following activities: by :- Jai Nagawat (jainagawat95@gmail.com)
  19. 19. by :- Jai Nagawat (jainagawat95@gmail.com)
  20. 20. by :- Jai Nagawat (jainagawat95@gmail.com)
  21. 21. Personnel Management: Personnel management involves planning, Organizing and controlling the procurement, development, Compensation, maintenance and integration of human resources Of an organization. It consists of the following activities: (a) Manpower planning (b) Recruitments, (c) Selection, (d) Training (e) Appraisal, (f) Promotions and transfers, (g) Compensation, (h) Employee welfare services, and (i) Personnel records and research, etc.by :- Jai Nagawat (jainagawat95@gmail.com)
  22. 22. ◊ Manpower Planning which is also called as Human Resource Planning .Human Resource Planning has got an important place in the arena of industrialization. Human Resource Planning has to be a systems approach and is carried out in a set procedure. ◊ Recruitment is of 2 types ◊ Internal Recruitment - is a recruitment which takes place within the concern or organizational internal sources are primarily three - Transfers, promotions and Re-employment of ex-employees. ◊ External Recruitment - External sources of recruitment have to be solicited from outside the organization. The external sources of recruitment include - Employment at factory gate, advertisements, employment exchanges, employment agencies, educational institutes, labour contractors, recommendations etc. ◊ ◊ Employee Selection is the process of putting right men on right job. It is a procedure of matching organizational requirements with the skills and qualifications of people. . by :- Jai Nagawat (jainagawat95@gmail.com)
  23. 23. + by :- Jai Nagawat (jainagawat95@gmail.com)
  24. 24. Created by :- Jai Nagawat by :- Jai Nagawat (jainagawat95@gmail.com )
  25. 25. by :- Jai Nagawat (jainagawat95@gmail.com)