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  1. 1. Realized by: 1 Master1: EMI
  2. 2. PLAN  What does management mean?  Organizational Performance of the Management  Objectives of Management  Importance of Management  What are functions of Management?  What is the nature of management?  Features of Management  Management Skills Pyramid  Types of Management  Different Management Levels 2
  3. 3. What does management mean? Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected goals. In other words, “Management is the process of planning, organizing, leading, and controlling the efforts of organization members and of using all other organizational resources to achieve stated organizational goals”. 3
  4. 4. Organizational Performance of the Management Efficiency • A measure of how well or how productively resources are used to achieve a goal Effectiveness • A measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved. 4
  5. 5. Objectives of Management  Getting Maximum Results with Minimum Efforts;  Increasing the Efficiency of factors of Production;  Maximum Prosperity for Employer & Employees;  Human betterment & Social Justice; 5
  6. 6. Importance of Management  It helps in Achieving Group Goals  Establishes Equilibrium  Establishes Sound Organization  Reduces Costs  Optimum Utilization of Resources  Essentials for Prosperity of Society 6
  7. 7. The process of management consists of certain basic management functions. The most commonly cited functions of management are planning, organizing, leading, and controlling. The functions of management define the process of management as distinct from accounting, finance, marketing, and other business functions. The individual management functions are shown in the following figure: 7 What are functions of Management?
  8. 8. What are functions of Management? 8 1 2 3 4
  9. 9. What is the nature of management? Various contributions to the field of management have changed its nature. The nature of management can be described as follows: ◦ Multidisciplinary; ◦ Management is dynamic; ◦ Relative, Not Absolute Principles; ◦ Management; ◦ Management as Profession; ◦ Management is Universal; 9
  10. 10. Features of Management  Management is Goal-Oriented  Management integrates Human, Physical and Financial Resources  Management is Continuous  Management is all Pervasive  Management is a Group Activity 10
  11. 11. Management Skills Pyramid 11 To be successful, there are many skills a manager needs to master. plan Improve self Developp staff Get it done organize direct control success motivation Training coaching involvment Self manageme nt Time manageme nt Leader ship Level 1 Level 2 Level 3 Top Level
  12. 12. Types of Management 12 Democratic management Autocratic managementLaissez-faire managemen Paternalistic management
  13. 13. Different Management Levels 13
  14. 14. 14