Introduction to mgmt


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Introduction to mgmt

  1. 1. Principles Of Management
  2. 2. Management <ul><li>Management is the art of getting things done through others </li></ul><ul><li>Management is a process of designing & maintaining environment in which individuals, working together in groups, efficiently accomplish selected aims </li></ul>
  3. 3. Nature/Characteristics Of Mgmt. <ul><li>Mgmt is Multidisciplinary as it involves the concepts from various disciplines like psychology , economics etc. </li></ul><ul><li>Mgmt is a Group Activity </li></ul><ul><li>Mgmt is Goal Oriented </li></ul><ul><li>Mgmt is a Factor Of Production </li></ul><ul><li>Mgmt is Universal in Character (mgmt principles are same in all organizations ) </li></ul><ul><li>Mgmt is a Social Process as it involves dealing with people </li></ul><ul><li>Mgmt is a system of Authority </li></ul>
  4. 4. Objectives Of Management <ul><li>Proper utilization of resources </li></ul><ul><li>Achievement of objectives </li></ul><ul><li>Growth & development of business </li></ul><ul><li>Minimizing Cost and increasing profits </li></ul><ul><li>Better quality goods </li></ul><ul><li>Improving overall performance </li></ul><ul><li>Planning for future </li></ul><ul><li>Social benefits </li></ul>
  5. 5. Management as Science <ul><li>The existence of a systematic body of knowledge which uses scientific methods </li></ul><ul><li>Principle are evolved on the basis of continuous observation </li></ul><ul><li>Principles have universal applicability </li></ul><ul><li>Principles involve cause and effect relationship </li></ul>
  6. 6. Management as Art <ul><li>Management process involves the use of practical knowledge and personal skill </li></ul><ul><li>Management is creative as everybody does in their own ways </li></ul><ul><li>Application of practical knowledge & certain skills helps to achieve concrete results </li></ul><ul><li>Management has result oriented approach. </li></ul>
  7. 7. Management as a Profession <ul><li>Existence of knowledge </li></ul><ul><li>Acquisition of knowledge by getting formal training </li></ul><ul><li>Ethical Codes </li></ul><ul><li>Professional association as it consists of firms and individuals </li></ul><ul><li>Service motive implies employees should keep social interest in their mind </li></ul>
  8. 8. MANAGERIAL SKILLS <ul><ul><li>Technical skills </li></ul></ul><ul><ul><li>* It refer to the ability to the tools , equipment, produces & techniques. </li></ul></ul><ul><ul><li>Human skills </li></ul></ul><ul><ul><li>* It refer to the ability of the manager to work effectively. </li></ul></ul><ul><ul><li>Decision Making skills </li></ul></ul><ul><ul><li>Communication skills </li></ul></ul><ul><ul><li>Political skills </li></ul></ul>
  9. 9. MANAGERIAL ROLES <ul><ul><li>INTERPERSONAL ROLES: </li></ul></ul><ul><ul><ul><ul><li>* Figure Head Role ( attend functions , greet people ) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>* Leader Role(responsible for the activities of his subordinates) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>* Liaison officer ( link between higher mgmt. & subordinates ) </li></ul></ul></ul></ul><ul><ul><li>INFORMATION ROLES: </li></ul></ul><ul><ul><ul><ul><li>* Monitoring Information (within and outside the organization) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>* Disseminating Information to others </li></ul></ul></ul></ul><ul><ul><ul><ul><li>* Spokes person while dealing with outsiders </li></ul></ul></ul></ul><ul><ul><li>DECISION ROLES: </li></ul></ul><ul><ul><ul><ul><li>* Entrepreneur (decisions regarding contraction and expansion) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>* Disturbance handler. </li></ul></ul></ul></ul><ul><ul><ul><ul><li>*Resource Allocator. </li></ul></ul></ul></ul><ul><ul><ul><ul><li>*Negotiator ( With outside world for prices ) </li></ul></ul></ul></ul>
  10. 10. MANAGEMENT LEVELS <ul><li>Top level management </li></ul><ul><li>( includes owners , board of directors , chairman) </li></ul><ul><li>Functions : </li></ul><ul><li>* To formulate goals & policies of the company. </li></ul><ul><li>* To formulate Budgets. </li></ul><ul><li>* To appoint top executives. </li></ul><ul><li>* To decide the distribution of profit. </li></ul>
  11. 11. MIDDLE LEVEL MANAGEMENT <ul><li>( Includes managers of various departments ) </li></ul><ul><li>Functions : </li></ul><ul><li>To monitor & control the operating performance. </li></ul><ul><li>Compiling & issuing instructions </li></ul><ul><li>To train motivate & develop supervisory level. </li></ul><ul><li>Assigning duties and responsibilities </li></ul><ul><li>To co-ordinate among themselves so as integrate the various activities of a department. </li></ul><ul><li>Collecting information & reports on performance </li></ul>
  12. 12. LOW LEVEL MANAGEMENT <ul><li>( Includes supervisors and foreman ) </li></ul><ul><li>Functions : </li></ul><ul><li>To train and develop the efficiency of the workers. </li></ul><ul><li>To assign job to workers. </li></ul><ul><li>To give orders and instructions. </li></ul><ul><li>To report feedback information about workers . </li></ul>