Download to read offline
Fundemntals of Managmnet basic expanations
- 1. Principles of Management Session.1 Introduction to Management & Organizations USMAN SADIQ (Ph.D. Scholar)
- 2. Our expectations? Hardwork Honesty Responsible attitude
- 3. AFTER STUDYING THISCHAPTER YOU SHOULD BE ABLE TO: • Define Business and describe the characteristics of Organization. • Differentiate between managerial and non-managerial employees. • Describe Management. • Explain the functions, roles, and skills of managers and how the manager's job is changing. • Recognize the value of studying Management
- 4. 4 Business : The term“Business” signifies individual & group activities directed towards wealth generation through goods & services (recognized by the law). Organization: A group of people working together in a structured and coordinated fashion to achieve a set of goals is called organization. Goals & Objectives: Goals are the end results towards which all the activities are directed. Different organizations may have different goals. e.g. Profitability, Growth, Market Penetration, Productivity, Leadership, Client Satisfaction etc. Objectives are sub goals. SOME IMPORTANT TERMS TO KNOW
- 5. 5 What is Management... Coordinationand oversight of the work activities of others so that their activities are completed efficiently and effectively.
- 6. 6 EffectivenessVS Efficiency Doing theright things , or completing activities so that organization goals are attained, called Effectiveness. Doing the things right, or getting the most output from the least amount of inputs, called Efficiency.
- 7. Why Efficiency &Effectiveness are important to Management
- 8. 8 What are thefunctions of Management? OR What is Management Process?
- 9. 9 Four Functions of Management Planning ChooseGoals Organizing Working together Leading Coordinate Controlling Monitor & measure 1-8
- 10. 10 1-Planning A Management function thatinvolves defining goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. Planning Process consists of five steps Objective-setting Forecasting Strategy formation Setting specific standards Continual review and revision
- 11. 11 2-Organizing Organizing is theestablishment of relationship between: • Activities • Persons • Physical factors or Structuring working relationships in a way that allows organizational members to achieve organizational goals. Function of Organizing involves: 1. Division of Labor 2. Departmentalization 3. Staff positioning 4. Assigning authority or Delegation of power 5. Equalizing authority and responsibility
- 12. 12 3-Leading Management function that involvesworking with and through people to accomplish organizational task. In leading functions subordinates are guided, supervised and motivated by managers Components involve in leading function are: 1. Supervision 2. Motivation 3. Communication 4. Bringing about change 5. Managing conflict
- 13. 13 4-Controlling Management function that involvesmonitoring actual performance ,comparing standards, and taking corrective actions if necessary. Process consist of: 1. Measuring 2. Comparing 3. Correcting
- 14.
- 15.
- 16. 16 Management as Systematic Approach Goals Inputs i.Human Resources ii. Financial Resources iii. Physical Resources iv. Information Resources MANAGEMENT PROCESS ORGANIZING PLANNING Effectively Completion of Goals + CONTROLLING Leading
- 17. 17 The Universality of Management Thereality that management is needed in all types and sizes of organization, at all organizational levels, in all organizational areas, and in organization no matter where located.
- 18. Universal Need forManagement
- 19. 19 Managers are thosepeople who work with and through other people for getting activities completed in order to accomplish organizational goals. Manager
- 20. 20 Difference between Managers andOperatives • Operatives are people who work directly on a job or task & have no responsibility for overseeing the work of others. In contrast • Managers direct the activities of other people in the organization.
- 21. 21 What are their Objectives? Toachieve the organizational goal, managers pursue the following objectives. – Efficient use of resources – Customer satisfaction – Adequate return on capital – Satisfied workforce – Improved work conditions – Building supplier relationship – Contribution to national goal
- 22. 22 Kinds of Managers Basicallythere are three levels of managers i. Top Managers ii. Middle Managers iii. First-line Managers TOP LEVEL MIDDLE LEVEL FIRST- LINE MANAGER
- 23.
- 24. 24 Managerial Role. The managerialroles are divided into three basic categories identified by Henry Mintzberg. 1. Interpersonal Role 2. Informational Role 3. Decisional Role
- 25.
- 26. 26 Managerial Skills There arenumber of skills that a Manager needs but three of them are pre-requisite to their success – Technical Skills – Interpersonal Skills – Conceptual Skills
- 27. Skills Needed atDifferent Management Levels
- 28. Six Must Have” ManagerialSkills • Team Work • Self Management • Leadership • Critical Thinking • Professionalism • Communication
- 29. 29 HOW THE MANAGER’S JOBIS CHANGING
- 31. Roles Skills Manager Interpersonal Informational Decisional Liaison Leader Figure Head Spokes person Disseminator Monitor Entrepreneur ResourceAllocator Negotiator Disturbance Handler Technical Skills Interpersonal skills Conceptual Skills Diagnostic Skills Levels Top Level Middle Level First level Components of Management MANAGEMENT Changes and Management Universality of Management All sizes of Organizations All Types of Organizations All Organizational Levels Effectiveness Efficiency Motivation Communication Bringing Change Managing Conflicts Supervision Measuring Comparing Correcting Functions PLANNING ORGANIZING LEADING CONTROLLING Goal setting Forecasting Strategy Formation Review & Revision Standard Setting Division of labor Departmentalization Staff Positioning Delegation of Power Equalizing authority & Responsibility Digitization Changing security threats Organizational & Managerial Ethics Increased Competitiveness
- 32.