2. Management is co-ordination of all resources to the process of :
Planning
Organizing
Directing
Controlling
In order to attain stated objectives.
Management in all business and organizational activities is the act of
getting people together to accomplish desired goals
and objectives using available resources efficiently and effectively
3. What
managers
need to do
has changed
We live in a
new world
of work The challenges
are different and
so must be our
approach.
4. Stake-holder value as a strategy - Requirement
oriented.
The Customer Chorus - Face book
High Potentials – Nurturing the resource
IT as a Utility – Cloud Computing
Workplace flexibility – Remote workplace
5. Considering stakeholder requirements before
providing the solution.
This ensures that the stakeholder who is investing in
the business is satisfied and continues his
investment over a long period.
6. Using the social media which is easily
accessible to the customer.
Example:
It is important to consider the customer
grievances to strategize the business
path.
Positive acknowledgement will increase
the confidence and spread the word
among other potential customers.
7. Nurturing the Human resource.
Keeping a set of skilled resource is an
absolute requirement for any business to
succeed.
Increasing the potential of the
employees gradually increases the
potential of the organization.
8. Various tools for Information Technology
is now available in market to do an
efficient and productive job.
Making use of such tool will give a lot of
advantage for any business in picture.
Selection of right tool as per the budget
and need is important.
Example: Cloud computing
9. Remote workplace – options such as
“work from home” not only motivates the
employees to do a good job but also
ensures the continuity.
Ensuring an efficient HR team who
always come up with a creative plan to
nourish the work environment.
10. Though these are the most important
trends of business in today’s world. One
can always come up with something
that makes his business stand out.
14. Business Ethics
What is ethics?
• The discipline dealing with what is good
and bad and with moral duty and
obligation.
• A system of moral principals.
What is business ethics?
• The principals and standards that
determine acceptable conduct in
business organizations.
• Is a form of professional ethics that
examines ethical principles and moral or
ethical problems that arise in a business
environment.
15. The Ethics of the business are
influenced by following factors:
• Expectations of Society
• Employees
• Government expectations of the
society from the business to follow
board guidelines, which is in the interest
of the society
• The situation and the experience that
the managers face also helps to
determine the ethics of business ethics
16. The Ethical areas of managerial
ethics are defined are:
• Relationship of the firm to the
employee
• Relationship of employee to the firm
• Relationship of the firm to other
economic agents helps the employees
in developing the business
17. MORE:
• Most of the times the Managers are also not in a
position to identify what are ethical acts & what
are unethical acts
• Ethics in business are usually complex.
• To provide a guide to the Managers, it is better to
have some written code of ethics, as written code
gives direction to the managers to take decision
within the frame work
• The written code should be followed strictly by all
the managers.
• The employees should be trained in the business
ethics of the firm.
• The encouragement of the employees to follow
the business ethics of the firm can also be through
giving incentives and rewards to the employees.
