SlideShare a Scribd company logo
The Nature and Meaning of Management
1
Management
Definition
It is an organized effort
of people whose purpose
is to achieve the
objectives and goals of
an organization.
2
Different Views of Management
 Management as an Activity An activity that is
applicable to any kind of organization and situation
where human beings are involved as a group for the
purpose of achieving some common goals. E.g.
management in labour unions, management in
religious institutions, management in education, there
is management in the hospital, in the library, and at
home.
3
Different Views of Management
Continued…
 McFarland defines Management as a process by
which managers create, direct, maintain, and operate
purposive organizations through systematic,
coordinated, cooperative human effort.
 Process an activity over varying spans of time, the
dynamic nature implies that change is a reality of
organizational life.
 Importance of change In managing organizations,
managers create changes, adapt organizations to
changes and implement changes successfully in their
organizations.
4
Different Views of Management
Continued…
 Donelly, Gibson and Ivancevich View management
is a process by individual and group effort is
coordinated towards group goals. In order to achieve
goals, coordination is essential and management
involves securing and maintaining this coordination.
5
Different Views of Management
Continued…
 Terry’s View of Management This process is aimed
at accomplishing stated goals by the use of human
resources and other resources.
 Koontz and O’Donell View of Management
Involves the “creation and maintenance of internal
environment in an enterprise where individuals,
working together in groups, can perform efficiently
and effectively toward the achievement of group goals.”
6
A Comprehensive Approach
“Management is guiding human and physical
resources into dynamic organization units that attain
their objectives to the satisfaction of those served and
with high degree of morale and sense of attainment on
the part of those rendering the service”
7
Key Points of Management Theories
 Achieve organizational goals and objectives through organized
effort of people.
 Group functioning as a cohesive unit to achieve common goals.
 Creating, adapting and implementing changes to achieve goals.
 Goals to be achieved by group coordination.
 Accomplishing the goals by human resources and other
resources.
 Creating and maintaining internal and external environment to
achieve goals efficiently and effectively.
 Customer satisfaction plays a vital role in achieving goal.
 Satisfaction of organization members (employees,
owner/stockholders) necessary for achieving goals.
8
Framework of Management
A Manager
Performs Certain Functions Organizing, planning, controlling,
staffing & directing.
Utilizing Certain Resources Human, Physical, Financial.
Applying Certain Techniques Standards, Appraisal, Controls.
Etc.
Aware of results of
using
Certain Concepts Communication, leadership,
motivation, conflicts.
In order to obtain Certain Goals Individual departmental
corporate.
In a Manner that
Encourages
Growth Individual corporate.
9
Management-Science or Art?
 Management is Art?
 Expertise can be gained in the field of management only
by practice.
 Practice gives an intuitive knowledge to solve various
organizational and managerial problems.
 Only by experience and practice can one gain such
knowledge.
10
Management-Science or Art?
 Management is Science?
 Organizational and managerial problem-solving requires
the knowledge and application of scientific methods and
techniques rather than relying on intuition.
11
Management-Science or Art?
 Conclusion
 Management is both an art and a science.
 Knowledge (Science) without skill (art) is useless or
dangerous.
 Skill (art) without knowledge (science) means
stagnancy and inability to pass on learning.
12
Characteristics of
Professional
1. Professional decisions are based on principles and the
ones that are independently valid for a particular case.
2. Professional decisions imply a specialized type of
expertise, not general knowledge.
3. Professional derive their status from their success in their
work, not on the basis of social class or political power.
4. Professionals are usually members of a voluntary
association of person in the same profession.
5. Professionals usually know what is good for the client.
13
Levels of Management
 Top Management
 Middle Management
 Supervisory Management
14
Top Management
 Develops and reviews long range plans and strategies.
 Evaluates overall performance of various departments
and ensures cooperation.
 Involved in selection of key personnel.
 Consults subordinate, managers on subject or
problems of general scope.
15
Middle Management
 Makes plans of intermediate range and prepares long-
range plans for review by top management.
 Analyzes managerial performance to determine
capability and readiness for promotion.
 Establishes departmental policies.
 Reviews daily and weekly reports on production or
sales.
 Counsels subordinates on production, personnel or
other problems.
 Selection and recruitment of personnel.
16
Supervisory Management
 Makes detailed, short-range operating plans.
 Reviews performance of subordinates.
 Supervises day-to-day operations.
 Makes specific task assignments.
 Maintain close contact with operative employees.
17
Levels of Management
First level (Supervisory
management)
Second level (Middle
management)
Third Level (Executive
or top management)
18
Responsibilities of a Manager
 Responsibility to self: This involves carrying out the
duties and responsibilities of managerial job to the
best of one’s ability.
 Responsibility to subordinate: Developing
subordinates for future responsibilities and help them
to perform adequately in their current jobs.
 Responsibility to the organization: Strengthening the
organization for continued growth while working
toward the established goals.
19
Functions of Management
 Planning
 Organizing
 Motivating
 Controlling
 Coordinating
 Decision Making
20
Planning
 The policies that will help to achieve objectives.
 The programs that a manager will carry out.
 The procedures that a manager will utilize.
 The time schedules that manager will have to meet.
 The budgetary considerations that will be involved.
21
Organizing
 Grouping of activities logically into functions or
position.
 To function effectively, a manager must delegate some
of his responsibilities. He must decide what
responsibility and what authority to delegate to which
positions.
 He must establish relationships between his
subordinates that will provide each with the
information he needs to do his job.
 He must scrutinize the relationships between his unit
and other units and their effect on its operation.
22
Motivating
 The degree to which the employee feels his goals and
those of the organization are similar.
 The employee’s relationships with his co-workers, and
especially with his supervisor.
 The way in which his job helps him meet his needs for
present income and future security, and does so in a
manner that seem fair.
 The extent to which it enables him to feel adequate to
his tasks, and to gain a sense of accomplishment for
jobs well done.
23
Controlling
 Comparing actual events with the forecasts.
 Comparing results achieved with the objectives,
programs and schedules.
 Measuring actual costs against budgeted costs.
 If variations found, a manager directs changes to bring
performance back into line.
24
Coordinating
 Bringing different departments, operations and
activities working together to achieve organizational
goals and objectives.
 Balance in the use of resources to attain objectives.
 Coordination is needed both up and down the
organization structure and laterally as well.
25
Decision-making
 Manager constantly seeks to make a correct decisions
involving the use of various types of resources at his
disposal to attain the various objectives.
 Manager decides on the utilization of equipments,
materials, and skill to achieve such goals as quality, low
cost, quick delivery, safety and so on.
26
Establishing
purposes
& objectives
Setting up frames of
reference
Making forecasts
and plans,
Budgeting &
securing funds
Organizing
Securing
& developing
HR,
Coordinating
Leading & motivating
Evaluating performance
Rewarding
Integrating
And
Renewing
With the outside
environment
Govt, Society, etc
Consumers, Stockholders, Unions
Suppliers,
Competitors
Etc.
Relationships
Functions of Managing
27
Managerial Skills
 Technical Skill.
 Human Skill.
 Conceptual Skill.
28
Technical Skill
 Technical skill is the ability to perform a manager’s job.
 An accountant, doctor, engineer or a musician all have
technical skills in their respective fields of
specialization.
 Manager must posses technical skill.
29
Human Skill
 The ability to work with others by getting along with
them, motivating them, and communicating
effectively with others.
 Manager must focus his attention on improving his
interpersonal relations with peers, subordinates and
his own supervisors.
30
Conceptual Skill
 Ability to coordinate and integrate the entire
organization’s interests and activities.
 Ability to see the organization as a whole and not
make decisions from own departmental point of view.
 Able to see how his department is affected by the
decisions of others.
31
Skills needed at different levels
32
Top Management Characteristics
1. The successful executive has a high tolerance for
frustration. He doesn’t blow up when provoked.
2. He encourage participation.
3. He continually questions himself and is willing to
examine himself carefully.
4. He understands the rules of competitive warfare. He is
able to play it cool and doesn’t feel distressed if a
colleague shows a little fight.
5. He expresses hostility tactfully.
6. He accepts both victories and defeats with controlled
emotions.
7. He snaps out of defects without feeling personally
shattered and can quickly start thinking of the next goal.
33
Sssshhhh
34

More Related Content

What's hot

Principles Of Management Unit 3
Principles Of Management Unit 3Principles Of Management Unit 3
Principles Of Management Unit 3
Amit Sarkar
 
Strategic management
Strategic managementStrategic management
Management Essentials #1
Management Essentials #1Management Essentials #1
Management Essentials #1
FilipposProuzos1
 
Concept, nature & purpose of management
Concept, nature & purpose of managementConcept, nature & purpose of management
Concept, nature & purpose of managementRobin Gulati
 
Ppm lecture 10 11 planning, process, types
Ppm lecture 10 11 planning, process, typesPpm lecture 10 11 planning, process, types
Ppm lecture 10 11 planning, process, typesVishakha Agarwal
 
Management and Leadership
Management and LeadershipManagement and Leadership
Management and LeadershipRIN RAVUTH
 
. Principles of management mgt
. Principles of management mgt. Principles of management mgt
. Principles of management mgtJacob Ekong
 
Principles of management
Principles of managementPrinciples of management
Principles of management
Gc university faisalabad
 
Management functions presentation
Management functions presentationManagement functions presentation
Management functions presentation
Abdalrahim AbuDayya
 
Unit 1.pom
Unit 1.pomUnit 1.pom
Files 2 lectures-chapter_1
Files 2 lectures-chapter_1Files 2 lectures-chapter_1
Files 2 lectures-chapter_1Fe Edith Oronico
 
MG8591 Principles of Management
MG8591 Principles of ManagementMG8591 Principles of Management
MG8591 Principles of Management
Sathya R
 
Chapter 7: Management
Chapter 7: ManagementChapter 7: Management
Chapter 7: Management
dmeyeravc
 
Principles of Management - Lecture 1
Principles of Management - Lecture 1  Principles of Management - Lecture 1
Principles of Management - Lecture 1
fawadism
 
The nature of management 2009
The nature of management 2009The nature of management 2009
The nature of management 2009PaulOlsen
 
Management.docx
Management.docxManagement.docx
Management.docx
FaruqueAhmad5
 
Management and management proccess
Management and management proccessManagement and management proccess
Management and management proccess
Sanghrsh Pusate
 

What's hot (20)

Principles Of Management Unit 3
Principles Of Management Unit 3Principles Of Management Unit 3
Principles Of Management Unit 3
 
Strategic management
Strategic managementStrategic management
Strategic management
 
Management Essentials #1
Management Essentials #1Management Essentials #1
Management Essentials #1
 
Concept, nature & purpose of management
Concept, nature & purpose of managementConcept, nature & purpose of management
Concept, nature & purpose of management
 
Ppm lecture 10 11 planning, process, types
Ppm lecture 10 11 planning, process, typesPpm lecture 10 11 planning, process, types
Ppm lecture 10 11 planning, process, types
 
Ppt slides chap1
Ppt slides   chap1Ppt slides   chap1
Ppt slides chap1
 
Management and Leadership
Management and LeadershipManagement and Leadership
Management and Leadership
 
. Principles of management mgt
. Principles of management mgt. Principles of management mgt
. Principles of management mgt
 
Essential Of Management
Essential Of ManagementEssential Of Management
Essential Of Management
 
Principles of management
Principles of managementPrinciples of management
Principles of management
 
Management functions presentation
Management functions presentationManagement functions presentation
Management functions presentation
 
Unit 1.pom
Unit 1.pomUnit 1.pom
Unit 1.pom
 
Unit 3 planning
Unit 3 planningUnit 3 planning
Unit 3 planning
 
Files 2 lectures-chapter_1
Files 2 lectures-chapter_1Files 2 lectures-chapter_1
Files 2 lectures-chapter_1
 
MG8591 Principles of Management
MG8591 Principles of ManagementMG8591 Principles of Management
MG8591 Principles of Management
 
Chapter 7: Management
Chapter 7: ManagementChapter 7: Management
Chapter 7: Management
 
Principles of Management - Lecture 1
Principles of Management - Lecture 1  Principles of Management - Lecture 1
Principles of Management - Lecture 1
 
The nature of management 2009
The nature of management 2009The nature of management 2009
The nature of management 2009
 
Management.docx
Management.docxManagement.docx
Management.docx
 
Management and management proccess
Management and management proccessManagement and management proccess
Management and management proccess
 

Similar to Chapter 2

Ch - 1 Introduction.pptx
Ch - 1 Introduction.pptxCh - 1 Introduction.pptx
Ch - 1 Introduction.pptx
teza bekele
 
UNIT-1 principles of managment-unit-1 ppt
UNIT-1 principles of managment-unit-1 pptUNIT-1 principles of managment-unit-1 ppt
UNIT-1 principles of managment-unit-1 ppt
Krishnavenimanickam2
 
3-pom.principles of management and process
3-pom.principles of management and process3-pom.principles of management and process
3-pom.principles of management and process
noorehahmad
 
Essentials of management
Essentials of managementEssentials of management
Essentials of management
Dr. Syed Kashan Ali Shah
 
Introduction_to_Management.ppt
Introduction_to_Management.pptIntroduction_to_Management.ppt
Introduction_to_Management.ppt
njagiihpaul
 
Managerial studies part of ch 1
Managerial studies  part of ch 1Managerial studies  part of ch 1
Managerial studies part of ch 1
mohamed omar
 
PPT Slides - Chap1.ppt
PPT Slides - Chap1.pptPPT Slides - Chap1.ppt
PPT Slides - Chap1.ppt
john tamil selvan
 
topic1-man100-231018180904-47f1690e (1).pdf
topic1-man100-231018180904-47f1690e (1).pdftopic1-man100-231018180904-47f1690e (1).pdf
topic1-man100-231018180904-47f1690e (1).pdf
Alison Tutors
 
Principles of management
Principles of managementPrinciples of management
Principles of managementVishal kakade
 
The concept of management / Tayyaba Khalid
The concept of management / Tayyaba KhalidThe concept of management / Tayyaba Khalid
The concept of management / Tayyaba Khalid
TayyabaKhalid19
 
management.pptx
 management.pptx management.pptx
management.pptx
ssuserf3cd3e1
 
Managerial studies part of ch 1
Managerial studies  part of ch 1Managerial studies  part of ch 1
Managerial studies part of ch 1
mohamed omar
 
POM- UNIT-1 Overview of Management.ppt
POM- UNIT-1 Overview of Management.pptPOM- UNIT-1 Overview of Management.ppt
POM- UNIT-1 Overview of Management.ppt
CHANDRA KUMAR S
 
Unit no.01 project management and engineering economics
Unit no.01 project management and engineering economicsUnit no.01 project management and engineering economics
Unit no.01 project management and engineering economics
RAMCHANDRA KODAM
 
Department of Management Sciences.docx
Department of Management Sciences.docxDepartment of Management Sciences.docx
Department of Management Sciences.docx
kinzatanveer
 
Managing for high performance
Managing for high performanceManaging for high performance
Managing for high performance
Rajesh Dhawan
 
Introduction to management
Introduction to managementIntroduction to management
Introduction to management
Bahar Hussain
 
principles and practices of management final ppt (1).ppt
principles and practices of management final ppt (1).pptprinciples and practices of management final ppt (1).ppt
principles and practices of management final ppt (1).ppt
YeziehalemDamtie
 
Mgt
MgtMgt
CH 1 INTRTODUCTION TO MANAGEMENT.ppt
CH 1 INTRTODUCTION TO MANAGEMENT.pptCH 1 INTRTODUCTION TO MANAGEMENT.ppt
CH 1 INTRTODUCTION TO MANAGEMENT.ppt
UjalaBatool7
 

Similar to Chapter 2 (20)

Ch - 1 Introduction.pptx
Ch - 1 Introduction.pptxCh - 1 Introduction.pptx
Ch - 1 Introduction.pptx
 
UNIT-1 principles of managment-unit-1 ppt
UNIT-1 principles of managment-unit-1 pptUNIT-1 principles of managment-unit-1 ppt
UNIT-1 principles of managment-unit-1 ppt
 
3-pom.principles of management and process
3-pom.principles of management and process3-pom.principles of management and process
3-pom.principles of management and process
 
Essentials of management
Essentials of managementEssentials of management
Essentials of management
 
Introduction_to_Management.ppt
Introduction_to_Management.pptIntroduction_to_Management.ppt
Introduction_to_Management.ppt
 
Managerial studies part of ch 1
Managerial studies  part of ch 1Managerial studies  part of ch 1
Managerial studies part of ch 1
 
PPT Slides - Chap1.ppt
PPT Slides - Chap1.pptPPT Slides - Chap1.ppt
PPT Slides - Chap1.ppt
 
topic1-man100-231018180904-47f1690e (1).pdf
topic1-man100-231018180904-47f1690e (1).pdftopic1-man100-231018180904-47f1690e (1).pdf
topic1-man100-231018180904-47f1690e (1).pdf
 
Principles of management
Principles of managementPrinciples of management
Principles of management
 
The concept of management / Tayyaba Khalid
The concept of management / Tayyaba KhalidThe concept of management / Tayyaba Khalid
The concept of management / Tayyaba Khalid
 
management.pptx
 management.pptx management.pptx
management.pptx
 
Managerial studies part of ch 1
Managerial studies  part of ch 1Managerial studies  part of ch 1
Managerial studies part of ch 1
 
POM- UNIT-1 Overview of Management.ppt
POM- UNIT-1 Overview of Management.pptPOM- UNIT-1 Overview of Management.ppt
POM- UNIT-1 Overview of Management.ppt
 
Unit no.01 project management and engineering economics
Unit no.01 project management and engineering economicsUnit no.01 project management and engineering economics
Unit no.01 project management and engineering economics
 
Department of Management Sciences.docx
Department of Management Sciences.docxDepartment of Management Sciences.docx
Department of Management Sciences.docx
 
Managing for high performance
Managing for high performanceManaging for high performance
Managing for high performance
 
Introduction to management
Introduction to managementIntroduction to management
Introduction to management
 
principles and practices of management final ppt (1).ppt
principles and practices of management final ppt (1).pptprinciples and practices of management final ppt (1).ppt
principles and practices of management final ppt (1).ppt
 
Mgt
MgtMgt
Mgt
 
CH 1 INTRTODUCTION TO MANAGEMENT.ppt
CH 1 INTRTODUCTION TO MANAGEMENT.pptCH 1 INTRTODUCTION TO MANAGEMENT.ppt
CH 1 INTRTODUCTION TO MANAGEMENT.ppt
 

More from Kumar Sunny

Wyeth pakistanannualreport2015
Wyeth pakistanannualreport2015Wyeth pakistanannualreport2015
Wyeth pakistanannualreport2015
Kumar Sunny
 
Job analysis 4
Job analysis   4Job analysis   4
Job analysis 4
Kumar Sunny
 
Pref stock & bonds (1)
Pref stock & bonds (1)Pref stock & bonds (1)
Pref stock & bonds (1)
Kumar Sunny
 
Pak f. system
Pak f. system Pak f. system
Pak f. system
Kumar Sunny
 
Derivatives final research report
 Derivatives final research report Derivatives final research report
Derivatives final research report
Kumar Sunny
 
Tapal tea
Tapal teaTapal tea
Tapal tea
Kumar Sunny
 
Chap 1 an overview of financial management
Chap 1 an overview of financial managementChap 1 an overview of financial management
Chap 1 an overview of financial management
Kumar Sunny
 
Chapter 2
Chapter 2Chapter 2
Chapter 2
Kumar Sunny
 

More from Kumar Sunny (8)

Wyeth pakistanannualreport2015
Wyeth pakistanannualreport2015Wyeth pakistanannualreport2015
Wyeth pakistanannualreport2015
 
Job analysis 4
Job analysis   4Job analysis   4
Job analysis 4
 
Pref stock & bonds (1)
Pref stock & bonds (1)Pref stock & bonds (1)
Pref stock & bonds (1)
 
Pak f. system
Pak f. system Pak f. system
Pak f. system
 
Derivatives final research report
 Derivatives final research report Derivatives final research report
Derivatives final research report
 
Tapal tea
Tapal teaTapal tea
Tapal tea
 
Chap 1 an overview of financial management
Chap 1 an overview of financial managementChap 1 an overview of financial management
Chap 1 an overview of financial management
 
Chapter 2
Chapter 2Chapter 2
Chapter 2
 

Recently uploaded

Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
fakeloginn69
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
Kumar Satyam
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
Safe PaaS
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
Naaraayani Minerals Pvt.Ltd
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop.com LTD
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
HajeJanKamps
 

Recently uploaded (20)

Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...
 
Lookback Analysis
Lookback AnalysisLookback Analysis
Lookback Analysis
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 

Chapter 2

  • 1. The Nature and Meaning of Management 1
  • 2. Management Definition It is an organized effort of people whose purpose is to achieve the objectives and goals of an organization. 2
  • 3. Different Views of Management  Management as an Activity An activity that is applicable to any kind of organization and situation where human beings are involved as a group for the purpose of achieving some common goals. E.g. management in labour unions, management in religious institutions, management in education, there is management in the hospital, in the library, and at home. 3
  • 4. Different Views of Management Continued…  McFarland defines Management as a process by which managers create, direct, maintain, and operate purposive organizations through systematic, coordinated, cooperative human effort.  Process an activity over varying spans of time, the dynamic nature implies that change is a reality of organizational life.  Importance of change In managing organizations, managers create changes, adapt organizations to changes and implement changes successfully in their organizations. 4
  • 5. Different Views of Management Continued…  Donelly, Gibson and Ivancevich View management is a process by individual and group effort is coordinated towards group goals. In order to achieve goals, coordination is essential and management involves securing and maintaining this coordination. 5
  • 6. Different Views of Management Continued…  Terry’s View of Management This process is aimed at accomplishing stated goals by the use of human resources and other resources.  Koontz and O’Donell View of Management Involves the “creation and maintenance of internal environment in an enterprise where individuals, working together in groups, can perform efficiently and effectively toward the achievement of group goals.” 6
  • 7. A Comprehensive Approach “Management is guiding human and physical resources into dynamic organization units that attain their objectives to the satisfaction of those served and with high degree of morale and sense of attainment on the part of those rendering the service” 7
  • 8. Key Points of Management Theories  Achieve organizational goals and objectives through organized effort of people.  Group functioning as a cohesive unit to achieve common goals.  Creating, adapting and implementing changes to achieve goals.  Goals to be achieved by group coordination.  Accomplishing the goals by human resources and other resources.  Creating and maintaining internal and external environment to achieve goals efficiently and effectively.  Customer satisfaction plays a vital role in achieving goal.  Satisfaction of organization members (employees, owner/stockholders) necessary for achieving goals. 8
  • 9. Framework of Management A Manager Performs Certain Functions Organizing, planning, controlling, staffing & directing. Utilizing Certain Resources Human, Physical, Financial. Applying Certain Techniques Standards, Appraisal, Controls. Etc. Aware of results of using Certain Concepts Communication, leadership, motivation, conflicts. In order to obtain Certain Goals Individual departmental corporate. In a Manner that Encourages Growth Individual corporate. 9
  • 10. Management-Science or Art?  Management is Art?  Expertise can be gained in the field of management only by practice.  Practice gives an intuitive knowledge to solve various organizational and managerial problems.  Only by experience and practice can one gain such knowledge. 10
  • 11. Management-Science or Art?  Management is Science?  Organizational and managerial problem-solving requires the knowledge and application of scientific methods and techniques rather than relying on intuition. 11
  • 12. Management-Science or Art?  Conclusion  Management is both an art and a science.  Knowledge (Science) without skill (art) is useless or dangerous.  Skill (art) without knowledge (science) means stagnancy and inability to pass on learning. 12
  • 13. Characteristics of Professional 1. Professional decisions are based on principles and the ones that are independently valid for a particular case. 2. Professional decisions imply a specialized type of expertise, not general knowledge. 3. Professional derive their status from their success in their work, not on the basis of social class or political power. 4. Professionals are usually members of a voluntary association of person in the same profession. 5. Professionals usually know what is good for the client. 13
  • 14. Levels of Management  Top Management  Middle Management  Supervisory Management 14
  • 15. Top Management  Develops and reviews long range plans and strategies.  Evaluates overall performance of various departments and ensures cooperation.  Involved in selection of key personnel.  Consults subordinate, managers on subject or problems of general scope. 15
  • 16. Middle Management  Makes plans of intermediate range and prepares long- range plans for review by top management.  Analyzes managerial performance to determine capability and readiness for promotion.  Establishes departmental policies.  Reviews daily and weekly reports on production or sales.  Counsels subordinates on production, personnel or other problems.  Selection and recruitment of personnel. 16
  • 17. Supervisory Management  Makes detailed, short-range operating plans.  Reviews performance of subordinates.  Supervises day-to-day operations.  Makes specific task assignments.  Maintain close contact with operative employees. 17
  • 18. Levels of Management First level (Supervisory management) Second level (Middle management) Third Level (Executive or top management) 18
  • 19. Responsibilities of a Manager  Responsibility to self: This involves carrying out the duties and responsibilities of managerial job to the best of one’s ability.  Responsibility to subordinate: Developing subordinates for future responsibilities and help them to perform adequately in their current jobs.  Responsibility to the organization: Strengthening the organization for continued growth while working toward the established goals. 19
  • 20. Functions of Management  Planning  Organizing  Motivating  Controlling  Coordinating  Decision Making 20
  • 21. Planning  The policies that will help to achieve objectives.  The programs that a manager will carry out.  The procedures that a manager will utilize.  The time schedules that manager will have to meet.  The budgetary considerations that will be involved. 21
  • 22. Organizing  Grouping of activities logically into functions or position.  To function effectively, a manager must delegate some of his responsibilities. He must decide what responsibility and what authority to delegate to which positions.  He must establish relationships between his subordinates that will provide each with the information he needs to do his job.  He must scrutinize the relationships between his unit and other units and their effect on its operation. 22
  • 23. Motivating  The degree to which the employee feels his goals and those of the organization are similar.  The employee’s relationships with his co-workers, and especially with his supervisor.  The way in which his job helps him meet his needs for present income and future security, and does so in a manner that seem fair.  The extent to which it enables him to feel adequate to his tasks, and to gain a sense of accomplishment for jobs well done. 23
  • 24. Controlling  Comparing actual events with the forecasts.  Comparing results achieved with the objectives, programs and schedules.  Measuring actual costs against budgeted costs.  If variations found, a manager directs changes to bring performance back into line. 24
  • 25. Coordinating  Bringing different departments, operations and activities working together to achieve organizational goals and objectives.  Balance in the use of resources to attain objectives.  Coordination is needed both up and down the organization structure and laterally as well. 25
  • 26. Decision-making  Manager constantly seeks to make a correct decisions involving the use of various types of resources at his disposal to attain the various objectives.  Manager decides on the utilization of equipments, materials, and skill to achieve such goals as quality, low cost, quick delivery, safety and so on. 26
  • 27. Establishing purposes & objectives Setting up frames of reference Making forecasts and plans, Budgeting & securing funds Organizing Securing & developing HR, Coordinating Leading & motivating Evaluating performance Rewarding Integrating And Renewing With the outside environment Govt, Society, etc Consumers, Stockholders, Unions Suppliers, Competitors Etc. Relationships Functions of Managing 27
  • 28. Managerial Skills  Technical Skill.  Human Skill.  Conceptual Skill. 28
  • 29. Technical Skill  Technical skill is the ability to perform a manager’s job.  An accountant, doctor, engineer or a musician all have technical skills in their respective fields of specialization.  Manager must posses technical skill. 29
  • 30. Human Skill  The ability to work with others by getting along with them, motivating them, and communicating effectively with others.  Manager must focus his attention on improving his interpersonal relations with peers, subordinates and his own supervisors. 30
  • 31. Conceptual Skill  Ability to coordinate and integrate the entire organization’s interests and activities.  Ability to see the organization as a whole and not make decisions from own departmental point of view.  Able to see how his department is affected by the decisions of others. 31
  • 32. Skills needed at different levels 32
  • 33. Top Management Characteristics 1. The successful executive has a high tolerance for frustration. He doesn’t blow up when provoked. 2. He encourage participation. 3. He continually questions himself and is willing to examine himself carefully. 4. He understands the rules of competitive warfare. He is able to play it cool and doesn’t feel distressed if a colleague shows a little fight. 5. He expresses hostility tactfully. 6. He accepts both victories and defeats with controlled emotions. 7. He snaps out of defects without feeling personally shattered and can quickly start thinking of the next goal. 33