The document provides an overview of management principles from several perspectives. It defines management according to various authorities and discusses the nature, scope, characteristics, functions and roles of management. It also describes what constitutes a manager and their key responsibilities. The document is presented as part of a module on management principles delivered on April 14th, 2022 by Ruchika Kulshrestha.
UNIT - I: OVERVIEW OF MANAGEMENT: Concept – Definition; Nature - Process and
Significance of Management; Managerial Roles (Mintzberg) - Trends and challenges of
Management in Global Scenario; An Overview of Functional areas of Management –
Marketing – Finance – Production – HRM – IT and R&D.
UNIT - I: OVERVIEW OF MANAGEMENT: Concept – Definition; Nature - Process and
Significance of Management; Managerial Roles (Mintzberg) - Trends and challenges of
Management in Global Scenario; An Overview of Functional areas of Management –
Marketing – Finance – Production – HRM – IT and R&D.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
The case study discusses the potential of drone delivery and the challenges that need to be addressed before it becomes widespread.
Key takeaways:
Drone delivery is in its early stages: Amazon's trial in the UK demonstrates the potential for faster deliveries, but it's still limited by regulations and technology.
Regulations are a major hurdle: Safety concerns around drone collisions with airplanes and people have led to restrictions on flight height and location.
Other challenges exist: Who will use drone delivery the most? Is it cost-effective compared to traditional delivery trucks?
Discussion questions:
Managerial challenges: Integrating drones requires planning for new infrastructure, training staff, and navigating regulations. There are also marketing and recruitment considerations specific to this technology.
External forces vary by country: Regulations, consumer acceptance, and infrastructure all differ between countries.
Demographics matter: Younger generations might be more receptive to drone delivery, while older populations might have concerns.
Stakeholders for Amazon: Customers, regulators, aviation authorities, and competitors are all stakeholders. Regulators likely hold the greatest influence as they determine the feasibility of drone delivery.
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Senior Project and Engineering Leader Jim Smith.pdfJim Smith
I am a Project and Engineering Leader with extensive experience as a Business Operations Leader, Technical Project Manager, Engineering Manager and Operations Experience for Domestic and International companies such as Electrolux, Carrier, and Deutz. I have developed new products using Stage Gate development/MS Project/JIRA, for the pro-duction of Medical Equipment, Large Commercial Refrigeration Systems, Appliances, HVAC, and Diesel engines.
My experience includes:
Managed customized engineered refrigeration system projects with high voltage power panels from quote to ship, coordinating actions between electrical engineering, mechanical design and application engineering, purchasing, production, test, quality assurance and field installation. Managed projects $25k to $1M per project; 4-8 per month. (Hussmann refrigeration)
Successfully developed the $15-20M yearly corporate capital strategy for manufacturing, with the Executive Team and key stakeholders. Created project scope and specifications, business case, ROI, managed project plans with key personnel for nine consumer product manufacturing and distribution sites; to support the company’s strategic sales plan.
Over 15 years of experience managing and developing cost improvement projects with key Stakeholders, site Manufacturing Engineers, Mechanical Engineers, Maintenance, and facility support personnel to optimize pro-duction operations, safety, EHS, and new product development. (BioLab, Deutz, Caire)
Experience working as a Technical Manager developing new products with chemical engineers and packaging engineers to enhance and reduce the cost of retail products. I have led the activities of multiple engineering groups with diverse backgrounds.
Great experience managing the product development of products which utilize complex electrical controls, high voltage power panels, product testing, and commissioning.
Created project scope, business case, ROI for multiple capital projects to support electrotechnical assembly and CPG goods. Identified project cost, risk, success criteria, and performed equipment qualifications. (Carrier, Electrolux, Biolab, Price, Hussmann)
Created detailed projects plans using MS Project, Gant charts in excel, and updated new product development in Jira for stakeholders and project team members including critical path.
Great knowledge of ISO9001, NFPA, OSHA regulations.
User level knowledge of MRP/SAP, MS Project, Powerpoint, Visio, Mastercontrol, JIRA, Power BI and Tableau.
I appreciate your consideration, and look forward to discussing this role with you, and how I can lead your company’s growth and profitability. I can be contacted via LinkedIn via phone or E Mail.
Jim Smith
678-993-7195
jimsmith30024@gmail.com
Oprah Winfrey: A Leader in Media, Philanthropy, and Empowerment | CIO Women M...CIOWomenMagazine
This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
2. DEFINITION
According to Lawrence A Appley, “Management is the development of people and not the direction of
things”.
According to Joseph Massie, “Management is defined as the process by which a co-operative group directs
action towards common goals”.
In the words of George R Terry, “Management is a distinct process consisting of planning, organising,
actuating and controlling performed to determine and accomplish the objectives by the use of people and
resources”.
In the words of Henry Fayol, “To manage is to forecast and to plan, to organise, to command, to co-
ordinate and to control”.
According to Peter F Drucker, “Management is a multi-purpose organ that manages a business and manages
managers and manages worker and work”.
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
4. Scope of Management
Herbison and Myres have yet tried to restrict it under three broad groups, viz.
1. Economic Resource
2. System of Authority
3. Class or Elite
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
6. Task
Illustrate an example of managerial activities
you ever involved in and enlist the purposes
of each of them.
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
9. Who is a Manager?
A Manager is the person responsible for planning and directing the work of a
group of individuals, monitoring their work, and taking corrective action when
necessary
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
11. Roles of a Manager
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
12. Task
Analyse your performance in different roles of
managers that you have to play in day to day
activities.
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
13. Managing a Supermarket Chain
Mr. Vincent, the Manager of a large supermarket, was taking a management course in the evening
programme at the local college. The Professor had given an interesting but disturbing lecture the previous
night on the various approaches to management. Vincent had always thought that management involved
just planning, organising and controlling. Now this Professor was saying that management could also be
thought of as quantitative models, systems theory and analysis, and even something called contingency
relationships. Vincent had always considered himself a good manager, and his record with the supermarket
chain had proved it. He thought of himself, “I have never used operations research models, thought of my
store as an open system, or developed or utilised any contingency relationship. By doing a little planning
ahead, organising the store, and making some things got done, I have been a successful manager. That
other stuff just does not make sense. All the professor was trying to do was complicate things. I guess I will
have to know it for the test, but I am sticking with my old plan, organise and control approach to managing
my store.”
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
14. Your best quote that reflects your
approach… “It’s one small step for
man, one giant leap for mankind.”
- NEIL ARMSTRONG
Thursday, April 14, 2022
BY: RUCHIKA KULSHRESTHA
