Concept Of Management
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This presentation contain meaning of management, its features , difference between effectiveness and efficiency and also the characteristics of management.
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Planning involves determining in advance what actions to take, how to execute them, when to do so, and who will be responsible. It anticipates the future and chooses a course of action. There are several types of planning including group, departmental, divisional, and corporate. Group planning focuses on specific work units, departmental planning defines the scope and activities of departments, divisional planning oversees larger business units, and corporate planning establishes overall objectives and strategies for the entire organization. Effective planning is goal-oriented, continuous, forward-looking, and considers alternative options and available resources to efficiently guide decision making.
Art of Controlling - Principles of Management
Art of Controlling - Principles of ManagementWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
Control is the last function of management. Success or failure of planning depends on the success or failure of controlling.
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This document discusses planning as the first step of the management process. Planning requires determining objectives, limitations, responsibilities, locations, and reasons for actions. It has advantages like increasing adaptability, clarifying goals, ensuring coordination, and improving efficiency. However, planning also has limitations if assumptions are incorrect, is expensive, and delays actions. Effective planning involves top management at key points, line executives developing plans, focusing on realistic targets, and starting small before expanding. The document outlines types of plans according to timeframes and purposes, and provides guidelines for the planning process.
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This document provides an overview of planning and control processes for an organization. It defines planning as preparing a blueprint that decides objectives, actions, timing, roles and locations in advance. Control is measuring performance against objectives and standards, comparing results, and taking corrective actions. The document outlines principles, essentials and methods of planning, as well as advantages and disadvantages. It also details the four steps of the control process: establishing objectives/standards, measuring performance, comparing results to standards, and taking corrective actions.
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Planning involves determining in advance what actions to take, how to execute them, when to do so, and who will be responsible. It anticipates the future and chooses a course of action. There are several types of planning including group, departmental, divisional, and corporate. Group planning focuses on specific work units, departmental planning defines the scope and activities of departments, divisional planning oversees larger business units, and corporate planning establishes overall objectives and strategies for the entire organization. Effective planning is goal-oriented, continuous, forward-looking, and considers alternative options and available resources to efficiently guide decision making.
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The document discusses the key management functions of an entrepreneur: planning, organizing, staffing, directing, and controlling. It provides details on each function: planning includes developing short-term, long-term and strategic plans; organizing involves structuring roles and departments; staffing is selecting and developing personnel; directing covers motivating and leading employees; controlling monitors performance against standards and makes corrections. Effective management requires mastering each of these critical functions.
Ch8 controlling class 12 business studies
Controlling ensures that organizational activities are performed according to plans and resources are used efficiently to achieve goals. The controlling process involves setting standards, measuring actual performance, comparing to standards, analyzing deviations, and taking corrective actions. Traditional controlling techniques include personal observation, statistical reports, break-even analysis, and budget control. Modern techniques include return on investment, ratio analysis, responsibility accounting, management information systems, PERT/CPM, and management audits. Controlling is an essential function for accomplishing organizational goals, evaluating standards, and motivating employees.
Management functions of entrepreneur
The document discusses the key management functions of an entrepreneur: planning, organizing, staffing, directing, and controlling. It provides details on each function:
Planning involves creating blueprints for goals and objectives, including short, intermediate, and long-term plans. Organizing is designating activities, departments, and personnel roles. Staffing addresses selecting, assessing, and developing qualified personnel. Directing focuses on motivating and leading subordinates. Controlling monitors performance against standards, identifies deviations, and implements corrective actions. Effective management requires mastering each function.
Unit ii planning
Management & Entrepreneurship (Course Code:10AL51) covers principles of management and planning/decision-making. It discusses:
1. The importance of planning and its purpose in setting objectives and anticipating problems. Planning helps bridge where a business is and where it wants to be.
2. Types of plans including strategic, operational, and single-use plans. Strategic plans apply to organization-wide goals while operational plans specify how goals will be achieved.
3. Decision-making processes and conditions involving structured problems/programmed decisions and unstructured problems/non-programmed decisions. Programmed decisions rely on procedures, rules, and policies while non-programmed decisions involve custom
Types of planning, its goals and objectives.
This document discusses different types of planning including corporate, functional, operational, long term, short term, proactive, reactive, formal, and informal planning. It provides examples for each type. The key goals and objectives of planning are to bring certainty to future events, provide specific directions, allow for forecasting, bring economy to managerial operations, help attain predetermined goals, and gain an advantage over competitors. Planning turns an organization's mission and vision into measurable targets and helps ensure goals are achieved.
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This document discusses planning in management. It defines planning as determining future courses of action in advance. Planning is important for managers to determine opportunities, anticipate problems, develop strategies, and understand uncertainties. There are different types of planning like strategic, tactical, operational, and contingency planning. The planning process involves analyzing objectives, developing strategies, evaluating alternatives, selecting a course of action, and implementing and reviewing plans. Principles and advantages of planning are also outlined.
Chapter 10 : Controlling
- Control is the final step in the management process that involves monitoring activities to ensure goals are being met and correcting deviations. It provides feedback so managers know if goals are achieved and if not, why.
- The three steps in the control process are measuring actual performance, comparing it to standards, and taking action if needed. Managers use various financial, information, and balanced scorecard controls.
- Contemporary control issues include adjusting for cultural differences and having policies to address workplace privacy, theft, and violence concerns while ensuring efficient work.
Planning techniques, budgeting, linear programming, scheduling
The document discusses several topics related to planning including strategic planning, action planning, tactical planning, operational planning, assumption-based planning, and contingency planning. It also defines environmental assessment, environmental scanning, PEST and PESTEL analysis, budgeting, linear programming, scheduling, and the differences between planning and scheduling. Linear programming is described as a mathematical technique for optimizing resource allocation given linear constraints and the goal of maximizing or minimizing an objective function.
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Planning involves selecting objectives and courses of action to achieve goals and requires decision-making to choose between alternatives. It is the process of determining how to get from the current status to the desired future status by bridging gaps over time. Planning is goal-oriented, rational, forward-looking, integrated, involves choice, and is a perpetual process. The planning process includes analyzing opportunities, establishing objectives, identifying alternatives, evaluating alternatives, choosing alternatives, and formulating supporting plans. There are different types of planning based on organizational level, time frame, frequency of use, and goals.
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Planning involves determining in advance what actions to take, how to execute them, when to do so, and by whom. It anticipates the future and purposefully selects a course of action. The main steps in the planning process are to define the task, identify resources, consider alternatives, create the plan, work the plan, and evaluate. Planning focuses on objectives, reduces uncertainty, provides direction, encourages innovation, aids coordination, guides decision making, and improves efficiency. Challenges to planning include lack of information, costs, resistance to change, inability to plan, a false sense of security, and environmental constraints. The document outlines various principles and levels of planning including corporate, divisional/functional, and group planning.
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the presentation is regarding controlling techniques used in all the fileds where management roots itself. From basic to advanced controlling techniques we have tried to make the presentation elaborate and easy to understand
Controlling
Controlling is an essential function of management that ensures desired results are achieved. It is a continuous process that involves setting standards, measuring actual performance, comparing results to standards, identifying deviations, analyzing causes, and taking corrective action. Controlling helps accomplish organizational goals, efficiently use resources, facilitate coordination, and improve employee motivation. It is the final step in the management process that ensures plans are implemented as intended.
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This document discusses performance management and appraisals. It defines performance appraisal as evaluating an employee's current and past performance relative to standards. The performance appraisal process involves setting work standards, assessing performance against those standards, and providing feedback. Performance appraisals are important for promotions, retention, correcting deficiencies, and identifying training needs. The document also discusses techniques for appraising performance such as rating scales, rankings, and management by objectives. Common appraisal problems include unclear standards, halo effects, central tendency, leniency/strictness, and recency effects.
Techniques of controlling
Direct supervision and observation is the oldest technique of controlling, where the supervisor directly observes employees and solves problems. This allows the supervisor to get first-hand information and a better understanding of the workers. Financial statements like the profit and loss account and balance sheet are used to control organizations by comparing current figures to previous years' and other firms' figures. Budgetary control involves planning and controlling all aspects of a business through budgets set by a budget committee.
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This project is created by me "Mr. Arham Siddiqui". In this you get details about Planning, Plans and Types of Plans. I made it for my College representation.
Planning
Planning is a continuous process of making present enterpreneurial decision(risk taking)systematically and with best possible knowledge of their futurity,organising systematically the effort needed to carry out these decisions and measuring the result of those decision against the expectations through an organised systematic feedback.
Administration
Management involves planning how to achieve goals, defining functions to perform tasks, checking that plans are being followed, and controlling the process. It is the art of leveraging all available resources efficiently and effectively to meet organizational objectives over time through continuous improvement.
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Planning steps
The document outlines the key steps in the planning process: 1) analyzing the internal and external environment to understand why planning is needed and identify opportunities, 2) setting clear and achievable long-term and short-term objectives, 3) developing planning premises by forecasting factors like market conditions, costs, and economic trends, 4) identifying and evaluating multiple alternatives to achieve objectives, 5) selecting the best alternative based on factors like costs and market conditions, 6) formulating supportive plans to implement the major plan, 7) implementing the plans by informing staff and stakeholders and gathering resources, and 8) reviewing and revising the plans based on their effectiveness. Planning provides benefits like focusing efforts on goals, minimizing uncertainties, and facilitating coordination within
management edited.pptx 12TH CLASS BUSINESS MANGEMENT
The document defines management as "a process of getting things done with the aim of achieving goals effectively and efficiently." It discusses that management involves planning, organizing, staffing, directing, and controlling to complete tasks. Effectiveness means completing the right tasks and achieving goals, while efficiency means completing tasks with minimum cost and maximizing output relative to inputs. Management has the objectives of ensuring organizational survival, profit, and growth. It is also a continuous, group-based, dynamic, intangible, and multidimensional process that helps achieve personal and social objectives while increasing efficiency and creating dynamic organizations.
Dark Green Light Green White Corporate Geometric Company Internal Deck Busine...
This document defines management and its key functions. Management involves planning, organizing, staffing, directing, and controlling to achieve organizational goals efficiently and effectively. Planning sets objectives and strategies. Organizing determines tasks, assigns roles, and establishes reporting relationships. Staffing recruits and selects employees for roles. Directing provides leadership, motivation, and oversight. Controlling monitors performance to ensure it meets plans. The functions work together to coordinate resources and activities across the organization.
Principles of Management Maslow's theory
Management involves utilizing available resources like people, money, materials, machines, and methods to achieve well-defined objectives efficiently (the 6 M's of management). It is a distinct process that coordinates these resources. An organization is a collection of people pursuing common goals, like a company or institution. Management comprises planning, organizing, staffing, leading, coordinating and controlling resources within an organization to accomplish its objectives. It is a core function for efficiently conducting business activities and operations.
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The document discusses the key management functions of an entrepreneur: planning, organizing, staffing, directing, and controlling. It provides details on each function: planning includes developing short-term, long-term and strategic plans; organizing involves structuring roles and departments; staffing is selecting and developing personnel; directing covers motivating and leading employees; controlling monitors performance against standards and makes corrections. Effective management requires mastering each of these critical functions.
Ch8 controlling class 12 business studies
Controlling ensures that organizational activities are performed according to plans and resources are used efficiently to achieve goals. The controlling process involves setting standards, measuring actual performance, comparing to standards, analyzing deviations, and taking corrective actions. Traditional controlling techniques include personal observation, statistical reports, break-even analysis, and budget control. Modern techniques include return on investment, ratio analysis, responsibility accounting, management information systems, PERT/CPM, and management audits. Controlling is an essential function for accomplishing organizational goals, evaluating standards, and motivating employees.
Management functions of entrepreneur
The document discusses the key management functions of an entrepreneur: planning, organizing, staffing, directing, and controlling. It provides details on each function:
Planning involves creating blueprints for goals and objectives, including short, intermediate, and long-term plans. Organizing is designating activities, departments, and personnel roles. Staffing addresses selecting, assessing, and developing qualified personnel. Directing focuses on motivating and leading subordinates. Controlling monitors performance against standards, identifies deviations, and implements corrective actions. Effective management requires mastering each function.
Unit ii planning
Management & Entrepreneurship (Course Code:10AL51) covers principles of management and planning/decision-making. It discusses:
1. The importance of planning and its purpose in setting objectives and anticipating problems. Planning helps bridge where a business is and where it wants to be.
2. Types of plans including strategic, operational, and single-use plans. Strategic plans apply to organization-wide goals while operational plans specify how goals will be achieved.
3. Decision-making processes and conditions involving structured problems/programmed decisions and unstructured problems/non-programmed decisions. Programmed decisions rely on procedures, rules, and policies while non-programmed decisions involve custom
Types of planning, its goals and objectives.
This document discusses different types of planning including corporate, functional, operational, long term, short term, proactive, reactive, formal, and informal planning. It provides examples for each type. The key goals and objectives of planning are to bring certainty to future events, provide specific directions, allow for forecasting, bring economy to managerial operations, help attain predetermined goals, and gain an advantage over competitors. Planning turns an organization's mission and vision into measurable targets and helps ensure goals are achieved.
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This document discusses planning in management. It defines planning as determining future courses of action in advance. Planning is important for managers to determine opportunities, anticipate problems, develop strategies, and understand uncertainties. There are different types of planning like strategic, tactical, operational, and contingency planning. The planning process involves analyzing objectives, developing strategies, evaluating alternatives, selecting a course of action, and implementing and reviewing plans. Principles and advantages of planning are also outlined.
Chapter 10 : Controlling
- Control is the final step in the management process that involves monitoring activities to ensure goals are being met and correcting deviations. It provides feedback so managers know if goals are achieved and if not, why.
- The three steps in the control process are measuring actual performance, comparing it to standards, and taking action if needed. Managers use various financial, information, and balanced scorecard controls.
- Contemporary control issues include adjusting for cultural differences and having policies to address workplace privacy, theft, and violence concerns while ensuring efficient work.
Planning techniques, budgeting, linear programming, scheduling
The document discusses several topics related to planning including strategic planning, action planning, tactical planning, operational planning, assumption-based planning, and contingency planning. It also defines environmental assessment, environmental scanning, PEST and PESTEL analysis, budgeting, linear programming, scheduling, and the differences between planning and scheduling. Linear programming is described as a mathematical technique for optimizing resource allocation given linear constraints and the goal of maximizing or minimizing an objective function.
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Planning involves selecting objectives and courses of action to achieve goals and requires decision-making to choose between alternatives. It is the process of determining how to get from the current status to the desired future status by bridging gaps over time. Planning is goal-oriented, rational, forward-looking, integrated, involves choice, and is a perpetual process. The planning process includes analyzing opportunities, establishing objectives, identifying alternatives, evaluating alternatives, choosing alternatives, and formulating supporting plans. There are different types of planning based on organizational level, time frame, frequency of use, and goals.
Pptofplanning 121015123411-phpapp01
Planning involves determining in advance what actions to take, how to execute them, when to do so, and by whom. It anticipates the future and purposefully selects a course of action. The main steps in the planning process are to define the task, identify resources, consider alternatives, create the plan, work the plan, and evaluate. Planning focuses on objectives, reduces uncertainty, provides direction, encourages innovation, aids coordination, guides decision making, and improves efficiency. Challenges to planning include lack of information, costs, resistance to change, inability to plan, a false sense of security, and environmental constraints. The document outlines various principles and levels of planning including corporate, divisional/functional, and group planning.
Controlling techniques
the presentation is regarding controlling techniques used in all the fileds where management roots itself. From basic to advanced controlling techniques we have tried to make the presentation elaborate and easy to understand
Controlling
Controlling is an essential function of management that ensures desired results are achieved. It is a continuous process that involves setting standards, measuring actual performance, comparing results to standards, identifying deviations, analyzing causes, and taking corrective action. Controlling helps accomplish organizational goals, efficiently use resources, facilitate coordination, and improve employee motivation. It is the final step in the management process that ensures plans are implemented as intended.
Performance management and appraisals
This document discusses performance management and appraisals. It defines performance appraisal as evaluating an employee's current and past performance relative to standards. The performance appraisal process involves setting work standards, assessing performance against those standards, and providing feedback. Performance appraisals are important for promotions, retention, correcting deficiencies, and identifying training needs. The document also discusses techniques for appraising performance such as rating scales, rankings, and management by objectives. Common appraisal problems include unclear standards, halo effects, central tendency, leniency/strictness, and recency effects.
Techniques of controlling
Direct supervision and observation is the oldest technique of controlling, where the supervisor directly observes employees and solves problems. This allows the supervisor to get first-hand information and a better understanding of the workers. Financial statements like the profit and loss account and balance sheet are used to control organizations by comparing current figures to previous years' and other firms' figures. Budgetary control involves planning and controlling all aspects of a business through budgets set by a budget committee.
Planning & Types of Plans : By Arham
This project is created by me "Mr. Arham Siddiqui". In this you get details about Planning, Plans and Types of Plans. I made it for my College representation.
Planning
Planning is a continuous process of making present enterpreneurial decision(risk taking)systematically and with best possible knowledge of their futurity,organising systematically the effort needed to carry out these decisions and measuring the result of those decision against the expectations through an organised systematic feedback.
Administration
Management involves planning how to achieve goals, defining functions to perform tasks, checking that plans are being followed, and controlling the process. It is the art of leveraging all available resources efficiently and effectively to meet organizational objectives over time through continuous improvement.
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Accounting, Financial Accounting, Objectives of Management Accounting, Cost Accounting, Basic Terminologies in Financial Accounting :, Accounting Concepts and Conventions: TYPES OF ACCOUNTS: Accounting Standards, Accounting for Planning & control
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The document outlines the key steps in the planning process: 1) analyzing the internal and external environment to understand why planning is needed and identify opportunities, 2) setting clear and achievable long-term and short-term objectives, 3) developing planning premises by forecasting factors like market conditions, costs, and economic trends, 4) identifying and evaluating multiple alternatives to achieve objectives, 5) selecting the best alternative based on factors like costs and market conditions, 6) formulating supportive plans to implement the major plan, 7) implementing the plans by informing staff and stakeholders and gathering resources, and 8) reviewing and revising the plans based on their effectiveness. Planning provides benefits like focusing efforts on goals, minimizing uncertainties, and facilitating coordination within
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Management involves utilizing available resources like people, money, materials, machines, and methods to achieve well-defined objectives efficiently (the 6 M's of management). It is a distinct process that coordinates these resources. An organization is a collection of people pursuing common goals, like a company or institution. Management comprises planning, organizing, staffing, leading, coordinating and controlling resources within an organization to accomplish its objectives. It is a core function for efficiently conducting business activities and operations.
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In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
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Concept Of Management
- 2. MEANING OF MANAGEMENT • “Management is a process of getting things done with the aim of achieving goals effectively and efficiently.”
- 3. The concept of management insist on three terms: • Process— Process refers to series or sequence of steps, management is a process because it performs series of functions to gets the things done. • Effectiveness – It is concerned with doing the right task, completing activities and achieving goal. • Efficiency-It refers to do the task in the right way, i.e., with minimum cost and optimum utilization of resources.
- 4. Basis of difference Effectiveness Efficiency Meaning It refers to completing the task on time, no matter whatever the cost. It refers to completing the task with minimum cost, optimum utilization of resources and effective cost Objective To achieve and result To conduct cost benefit analysis. Main Consideration Doing the right task Doing the task in right way. Effectiveness vs. Efficiency
- 5. Concept of Management Process Planning, organizing, staffing, directing, controlling Effectiveness Being effective or doing work effectively means finishing given task or achieving the goal. Efficiency Efficiency involves cost benefit analysis. It focuses on deriving more benefits by using less resource.
- 7. Characteristics/ Features of Management • Management is goal-oriented process • Management is pervasive. • Management is multi-dimensional – Work, People, Operation. • Management is a continuous process. • Management is a Group activity. • Management is a Dynamic Function • Intangible.