Successfully reported this slideshow.
Introduction to Business

FUNDAMENTALS OF
MANAGEMENT
Chapter # 7
PART I

Shafayet Ullah
SECTION: A3 and A4
What is Management?
Management

is the “Art of
Getting Things Done Through
People”.

In

other words, the manager
coordi...
Management
Management may be defined as
the application of planning,
organizing, staffing, directing and
controlling funct...
Efficiency
The relationship to output to input
ratio and focuses on getting the
maximum output with minimum
resources. Eff...
Difference between
Efficiency and Effectiveness
Since efficiency is all about
focusing on the process,
importance is given...
Goal
A broadly stated guideline that an
organization or and individual is attempting
to achieve.
Example: To Earn a BBA De...
Objectives
Organizational Objectives
Departmental Objectives
Subunit Objectives
Individual Objectives
Objectives

Cascade Approach
A procedure for setting
objectives in which the
objectives are set from the
top level of mana...
Objectives
Cascade Approach process provides direction to
lower-level managers as the goals are converted to
objectives fr...
Objectives
Objectives are Important for several
reasons:
• To focus attention on the organization’s
mission
• To help inte...
Levels of Management
As enterprise grow from an owner
to a group to a corporation, a
number of managerial levels are
creat...
Levels of Management
Levels of Management
Top Executives
The executives are the managers at or near the
pinnacle of the organization who are re...
Levels of Management
First-Line Managers
The First-Line Managers are the supervisors.
They are responsible for the details...
Management Functions
Management Functions
Planning
Planning is the management function of
establishing objectives and developing plans
to accom...
Management Functions
Directing
Directing is the management function of
initiating action: issuing directives, assignments
...
END OF PART I
Upcoming SlideShare
Loading in …5
×

Chapter -7-_fundamentals_of_management_part-i

601 views

Published on

Published in: Business, Education

Chapter -7-_fundamentals_of_management_part-i

  1. 1. Introduction to Business FUNDAMENTALS OF MANAGEMENT Chapter # 7 PART I Shafayet Ullah SECTION: A3 and A4
  2. 2. What is Management? Management is the “Art of Getting Things Done Through People”. In other words, the manager coordinates the work of others to accomplish goals that might not be achievable by an
  3. 3. Management Management may be defined as the application of planning, organizing, staffing, directing and controlling functions in the most efficient manner possible to accomplish objectives. Organization Organization arrangement accomplish purpose. is a systematic of people to some specific
  4. 4. Efficiency The relationship to output to input ratio and focuses on getting the maximum output with minimum resources. Efficiency is often referred to as “doing things right”. Effectiveness Effectiveness refers to goal attainment. When managers achieve their organization’s goal then it is called they are effective. Effectiveness can be described as “doing the right things”.
  5. 5. Difference between Efficiency and Effectiveness Since efficiency is all about focusing on the process, importance is given to the “means” of doing things whereas effectiveness focuses on achieving the “end” goal.
  6. 6. Goal A broadly stated guideline that an organization or and individual is attempting to achieve. Example: To Earn a BBA Degree Objectives Objectives are specific results or targets to be reached by a certain time. Objectives are specific, state what is to be accomplished and indicate when it will achieved. Example: To Earn a BBA Degree by the year 2013 with a minimum CGPA of 3.75
  7. 7. Objectives Organizational Objectives Departmental Objectives Subunit Objectives Individual Objectives
  8. 8. Objectives Cascade Approach A procedure for setting objectives in which the objectives are set from the top level of management down.
  9. 9. Objectives Cascade Approach process provides direction to lower-level managers as the goals are converted to objectives from the top down: • A clear statement of organizational purpose is issued • Long range goals are developed from this statement • Long range goals are converted into specific performance objective • Objectives are then developed for each subunit in each department • Within the subunits, challenging but attainable personal objectives are set
  10. 10. Objectives Objectives are Important for several reasons: • To focus attention on the organization’s mission • To help integrate the work of the organization • To help measure performance an organization’s
  11. 11. Levels of Management As enterprise grow from an owner to a group to a corporation, a number of managerial levels are created and they begin to take on a shape. Managers Individuals in an organization who direct the activities of others are called Managers.
  12. 12. Levels of Management
  13. 13. Levels of Management Top Executives The executives are the managers at or near the pinnacle of the organization who are responsible for making the decisions and setting the policies that affect all aspects of the organization. Example: President, CEO, Vice Chancellor Middle Level Managers The middle managers are all levels of management between the supervisory level and the top level of the organization. Example: Plant Manager, Project Director, Dean
  14. 14. Levels of Management First-Line Managers The First-Line Managers are the supervisors. They are responsible for the details needed to coordinate the work to the workers/employees. Supervisors must work directly with employees and motivate them to perform satisfactory work. Example: Product Manager, Supervisors Operating Employees The non-managers in an organization, who perform specific tasks and usually manufacture a product or service for customers. They do not have the responsibility of overseeing the work of others. Example: Factory workers
  15. 15. Management Functions
  16. 16. Management Functions Planning Planning is the management function of establishing objectives and developing plans to accomplish them. Organizing Organizing is the management function of grouping people and assignments to carry out job tasks the mission. Staffing Staffing is the management function of selecting, placing, training, developing and compensating subordinates.
  17. 17. Management Functions Directing Directing is the management function of initiating action: issuing directives, assignments and instructions. Controlling Controlling is the management function of checking to determines whether employees are following plans and progress is being made and of taking action to reduce discrepancies.
  18. 18. END OF PART I

×