Management and planning

1. MG8591 Principles of Management
Subject Handled by
Dr.R.Sathya AP/IT
KNCET

2. UNIT I INTRODUCTION TO
MANAGEMENT AND ORGANIZATIONS
Definition of Management – Science or Art –
Manager Vs Entrepreneur – types of managers -
managerial roles and skills – Evolution of
Management – Scientific, human relations,
system and contingency approaches – Types of
Business organization – Sole proprietorship,
partnership, company-public and private sector
enterprises – Organization culture and
Environment – Current trends and issues in
Management.

3. UNIT II PLANNING
Nature and purpose of planning – planning
process – types of planning – objectives –
setting objectives – policies – Planning
premises – Strategic Management – Planning
Tools and Techniques – Decision making steps
and process.

4. UNIT III ORGANISING
Nature and purpose – Formal and informal
organization – organization chart –
organization structure – types – Line and staff
authority – departmentalization – delegation
of authority – centralization and
decentralization – Job Design – Human
Resource Management – HR Planning,
Recruitment, selection, Training and
Development, Performance Management,
Career planning and management

5. UNIT IV DIRECTING
Foundations of individual and group
behaviour – motivation – motivation theories
– motivational techniques – job satisfaction –
job enrichment – leadership – types and
theories of leadership –communication –
process of communication – barrier in
communication – effective communication –
communication and IT.

6. UNIT V CONTROLLING
System and process of controlling –
budgetary and non-budgetary control
techniques – use of computers and IT in
Management control – Productivity problems
and management – control and performance
– direct and preventive control – reporting.

7. UNIT I
INTRODUCTION TO MANAGEMENT
AND ORGANIZATION

8. Definition
• Management is the process of designing and
maintaining an environment in which
individuals are working together in groups
efficiently to accomplish selected aims.
• It is defined as the art of getting things done
by others

9. F.W. Taylor
“Management is the art of knowing what is to
be done and seeing that it is done in the best
possible mannar”

10. Henry Fayol
“To manage is to forecast and
plan, to organize, to command,
& to control”.

11. George & Jerry
• “There are four fundamental functions of
management i.e. planning, organizing,
actuating and controlling”.

12. Luther Gullick
• Whereas Luther Gullick has given a keyword
‘POSDCORB’ where P stands for Planning, O for
Organizing, S for Staffing, D for Directing, Co for
Co-ordination, R for reporting & B for Budgeting.
• But the most widely accepted are functions of
management given by KOONTZ and O’DONNEL
i.e. Planning, Organizing, Staffing, Directing
and Controlling.

13. Nature of Management
1. Multidisciplinary in nature –It draws ideas from
various disciplines as economic , statistics,
mathematics, psychology, sociology,
anthropology.
2. Continuous process – continues till the objective
is achieved.
3. Universal activity- management is not
applicable to business undertakings. It is
applicable to political, education,. Required
when group effort is required.

14. 4. Management is science or art
Definite principles of management –art
Predetermined objectives can be achieved by
application of these principles - science
5. Dynamic not static – adapt itself to social
changes.
6. Profession – Established principles of
management are being applied in practice and
involves specialized training
It is governed by ethical code arising out of
social obligations.

15. 7. Group activity – common objective and group effort
8. Aims at obtaining wealthy results – manager’s primary
job is assure productivity through planning, direction
and control.
Rational utilization of available resources to maximize
the profit is the economic function of manager.
9. Implies skills and experiences in getting things done
through people.
Profitable return cannot be achieved without people
co-operation
10. System of authority- power to make others act in
predetermined manner.
Management formalizes a standard set of rules and
procedure to be followed by the sub-ordinates.

16. 11. Intangible – cannot be seen through eyes
and evidenced by quality of organization and
results.
12. Implies good leadership – manager must
have ability to lead and get desired course of
action from the sub-ordinates.

17. Scope of management
1. FUNCTIONAL AREAS OF MANAGEMENT
Financial management includes forecasting, cost
control, budgetary management, statistical control,
financial planning.
HR management covers marketing management,
production mgt, material management, purchase
management, maintenance management, office
management.
Marketting management includes marketting of
goods, sales promotion, advertisement and publicity.
Production management includes planning , quality
control and inspection.
Material management includes purchase of materials,
issue of materials, storage and maintanence of
records.

18. 2. Subject matter of management- made up of basic
management functions like planning, organizing,
staffing, directing, controlling.
3. Inter-disciplinary approach- commerce,
economics, sociology
4. Principle of management – universal applications
to achieve common goals
5. Agent of change – technique of management can
be improved by proper research and
development.
6. The essentials of management includes scientific
method, human relations, and quantitative
techniques.

19. What Is Management?
• Managerial Concerns
– Efficiency
• “Doing things right”
– Getting the most output
for the least inputs
– Effectiveness
• “Doing the right things”
– Attaining organizational
goals
1–19

20. Exhibit 1–3 Effectiveness and Efficiency in
Management
1–20

21. Functions of Management

22. Planning
Defining goals, establishing
strategies to achieve goals,
developing plans to integrate and
coordinate activities.

23. • Planning involves
1. Determination of goal
2. Formulating policy, rules, procedures
3. Forecasting the future based on the past and
present activities.

24. Organizing
•Arranging and structuring
work to accomplish
organizational goals.

25. Process
1. Identification and analysis of goals
2. Assignment of duties to individual
concern.
3. Follow up the activities.

26. Staffing
• The selection and training of individuals for
specific job functions, and charging them with
the associated responsibilities.
• The act of keeping positions filled in
organization structure
1–26

27. Leading/Directing
Involves motivating subordinates,
influencing individuals or teams as
they work, selecting the most
effective communication channels

28. • Motivation, leadership, communication are
three important sub functions of directing
• Communication provides a proper information
to the subordinates for improved and effective
management.
• Leadership is the process by which a manager
guides and it influences the work of his
subordinates.

29. Controlling
Monitoring,
comparing, and
correcting work.

30. CONTROLLING
• Checking and verifying the activities against
predetermined standards.
• Process of ensuring the proper activities with
planned activities.
PROCESS
• Establishing standards
• Measuring current performance
• Comparing with established standards
• Taking corrective action if deviation is detected