4. Goals
Profit Levels or Maximum cost levels
Maintenance or growth of financial
strength
Quality standards
Professional obligations
Societal concerns
5. It is a multipurpose organ that manages
business & manages managers &
manages worker & work.
“An art of getting things done through and
with people in formally assigned groups”
6. Business Management
It simply means a specific process of
planning, organising, staffing, directing
and controlling the efforts of the
people who are engaged in activities
in business organisation in order to
attain predetermined objectives of
such organisation.
7. Why Management?
Accomplishment of organization Goals
Proper running of business
Designing of Sound Organisational
Structure
Creation of proper Organizational
climate
Creating and maintaining Coordination
10. Administration: Concerned with laying down of
corporate policy, obtaining finance, production
& distribution.
Management: Concerned with actual execution
of policies within limits set by administration.
Organization: Combines the work in such a way
with individuals/groups that duties formed
provide best possible application of available
effort
11. Administration and
Management
Policies and Objectives
Determines policies to be Implements the policy
and
followed and decide the achieve the objectives
objective to be achieved
Directing of Human Efforts
Not directly involved in the Directly involved in the
Execution of plan and execution of plan and
Achievement of objectives achieving objectives.
Main Functions
Planning, organising and Direction, motivation
and
12. Administration and
Management
Levels of executive
Top level executives (owners Lower level executives
or Board of Directors) (Managers, Supervisor
and
workers)
Position
Acts as a principal Acts as an agency
Knowledge
Requires administrative Requires technical
ability
ability more than technical more than
administrative
13. Levels of Management
Top
Management
Middle
Management
Supervisory Management
Non Management Employees
Board of
Directors
Chairman
Managing
Director
Executive
Director
General
Manager
Departmental
Heads
Dept.
Superintendents
Sectional
Heads
Foreman
Salesman
Assistant s
Supervisors
14. Board of directors
CEO
Functional Top Execs
ExecssM
Middle Level Execs
First_Line Suupervisors First Line
Supervisors
Administrative
Management
15. Traits of a manager
Best Traits
Fair/just in decisions
Trusting/trusted at the same time
Caring & analytical in thought
Empowering & capable/responsible
Always punctual
Worst Traits
Deceitful
Dishonest
Shows favouritism
Lazy
Unorganized
16. Skills of a manager ……..
Human Resource Skills
Technical Skills
Conceptual Skills
18. IS management an art or science
?
ART: Because it depends on the skills,
aptitude & creativity of the manager
SCIENCE: Because there is
considerable knowledge in the field of
management with basic principles for
guidance of basic activities.
19. Pioneers in management
Assignment 1 5mks
Last date of submission 14th of August
2014
A4 size sheets ruled/blank
Neatly presented in a file
Handwritten