This document provides an introduction to management. It defines management as the attainment of organizational goals through planning, organizing, staffing, directing, and controlling resources. It discusses the key functions of management, including planning, organizing, staffing, directing, and controlling. It also outlines the different levels of management in an organization and their core functions.
the importance of controlling,the link between controlling and planning. types of control methods. steps in control process and characteristics of effective control system.
the importance of controlling,the link between controlling and planning. types of control methods. steps in control process and characteristics of effective control system.
Contents Different Managerial Functions, Definition & Meaning of Management, Planning process, functions of organization, factors affecting on staffing, Managers & Managerial Skills, Role & Responsibilities of Manager, Skills needed at various levels of Management
BUSINESS ORGANIZATION AND MANAGEMENT - B.Com I SEM- UNIT-3Balasri Kamarapu
INTRODUCTION TO FUNCTIONS OF MANAGEMENT:
Management - Meaning - Characteristics - Functions of Management - Levels of Management – Skills of Management- Scientific Management - Meaning - Definition - Objectives - Criticism – Fayol‘s 14 Principles of Management .
This is a presentation on Principles of Business Management. This presentation is based on syllabus of Pt. Ravi Shankar University,Raipur and Durg University, Durg. It is a brief presentation of all the aspects, functions and basic principles of business managaement.
2. MANAGEMENT
Management is the attainment of organizational
goals in an effective and efficient manner through
planning, organizing, staffing, directing and
controlling organizational resources.
Organizational resources include men(human
beings), money, machines and materials.
3. Definitions
Louis E Boone & David L Kurtz- The use of people and
other resources to accomplish objectives.
Mary Parker Follet- the act of getting things done through
people.
Frederick Taylor defines Management as the art of
knowing what you want to do in the best and cheapest way.
4. INTRODUCTION TO MANAGEMENT
Management is the process which is run by the
expert and experience people whose works is to
planning, organizing, directing, staffing,
coordinating and budgeting (PODSCORB).
5. FUNCTION OF MANAGEMENT
I. Management helps to get rich result in economic.
II. Management uses the skill and experience of
people, to get the job to be done.
III. Management is a planning
IV. It is a combination of science as well as arts.
V. Management is a profession.
VI. Management is a good activity.
VII. It is a system of authority.
VIII.It involves in decision making.
7. • Planning is determining the objectives and formulating
the methods to achieve them. It is more simply said than
done. A job well planned is half done. During planning
one needs to ask oneself the following:
• What am I trying to accomplish i.e. what is my
objective?
• What resources do I have and do I need to accomplish
the same?
• What are the methods and means to achieve the
objectives?
• Is this the optimal path?
PLANNING
8. • Purposes or missions,
• Objectives-It is the ultimate goal towards which the activities of the
organization are directed
• Strategies-general program of action and deployment of resources
• Policies-general statement or understanding which guide or
channel thinking in decision making
• Procedures-states a series of related steps or tasks to be performed
in a sequential way
• Rules-prescribes a course of action and explicitly states what is to be
done
• Programs-comprehensive plan that includes future use of different
resources
• Budgets-statement of expected results expressed in numerical
terms
Types of Planning
9. Take Time to Plan
Planning can be Top to Down or Bottom to Top
Involve and Communicate with all those Concerned
Plans must be Flexible and Dynamic
Evaluate and Revise
Principles of Planning
10. 1. Determining the goals or objectives for the entire
organization.
2. Making assumptions on various elements of the
environment.
3. To decide the planning period.
4. Examine alternative courses of actions.
5. Evaluating the alternatives.
6. Real point of decision making
7. To make derivative plans.
Steps in Planning
11. Programmed
Non programmed.
Mechanistic-It is one that is routine and repetitive in nature
Analytical-It involves a problem with a larger number of
decision variables
Judgmental-It involves a problem with a limited number of
decision variables, but the outcomes of decision
alternatives are unknown
Adaptive-It involves a problem with a large number of
decision variables, where outcomes are not predictable
Types of Managerial Decisions:
12. Determine what is to be done/ Division of Work:
Assign Tasks: Departmentalization:
Link Departments: Hierarchy Development:
Decide how much Authority to Designate/ Authority,
Responsibility and Delegation:
Decide the Levels at which Decisions are to be made /
Centralization vs. Decentralization:
Decide how to Achieve Coordination:
Process of Organizing
13. Coordination by Rules or Procedures
Coordination by Targets or Goals:
Coordination through the Hierarchy
Coordination through Departmentalization
Using a Staff Assistant for Coordination:
Using a Liaison for Coordination:
Using a Committee for Coordination
Using Independent Integrators for Coordination:
Coordination through Mutual Adjustment:
Techniques for achieving coordination.
14. Definition 1
Selecting and training individuals for specific job
functions, and charging them with the associated
responsibilities.
Definition 2
Number of employed personnel in an organization or
program. Also called workforce.
STAFFING
15. Provides positive and dynamic leadership
Provides maximum opportunities
Provides proper motivation of personnel
Ability to command people
DIRECTING/LEADING
16. Feed Forward Control-Control that attempts to identify
and prevent deviations before they occur is called feed
forward control, sometimes called preliminary or
preventive control.
Concurrent Control-Control that monitors ongoing
employee activities during their progress, to ensure they are
consistent with quality standards, is called concurrent
control.
Feedback Control-In this case, the control takes place
after the action. Sometimes called post-action or output
control
CONTROLLING CONCEPTS
17. Establish Standards of Performance
Measure Actual Performance
Compare Performance to Standards:
Take Corrective Action
Steps in the Control Process
19. Functions of top management
1. They sets their goal or objectives.
2. They organize the work.
3. They search for their required resources.
4. They control the management.
5. They have their strategic planning.
20. FUNCTIONS OF MIDDLE MANAGEMENT
1. They try to keep top management free as much as
possible.
2. They try to keep the operation in smooth way.
3. They sets the departmental major policies.
4. They looks after the staff performance.
5. They looks after the staff training.
21. Functions of line management
1. They guides the workers.
2. They give training to the workers.
3. They take care of staff grievances.
4. If the worker are facing any problem then line
management should inform to the middle
management then to the top management.
5. They make necessary making environment.