Meaning, Definition and importance of Management
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Management involves planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. It is a process of coordinating activities, utilizing resources optimally, reducing costs, establishing a sound organizational structure, adapting to changing environments, and contributing to societal prosperity. Proper management leads to goal achievement, maximum output with minimum input, coordination between organizational functions, equilibrium amid external changes, and improved living standards through economic growth and employment.
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Nature and scope of management
Management involves planning, organizing, leading, and controlling resources to achieve goals. It is the process of coordinating human and material resources efficiently to achieve organizational objectives. Management occurs at three levels - top level managers set objectives and policies, middle managers link strategic plans to operational goals, and lower managers implement policies and oversee staff. While management incorporates elements of both art and science, it is considered a profession as it requires formal education, expertise, and adherence to ethical standards.
Coordination
This document discusses coordination as a management function. It provides definitions of coordination from various authors that emphasize harmonizing activities to facilitate working towards common goals. Coordination is characterized as essential for management, ongoing, and required for group efforts but not individual efforts. Techniques for effective coordination discussed include planning, communication, leadership, and committees. The importance of coordination is also highlighted for efficiency, effectiveness, and unity of direction. Coordination is distinguished from cooperation in that coordination is a deliberate system imposed by managers while cooperation is voluntary informal efforts to help one another.
INTRODUCTION TO MANAGEMENT
This document provides an overview of key management concepts and theories including: Taylor's scientific management theory, Fayol's principles of management, Mayo's Hawthorne experiments, Maslow's hierarchy of needs, McGregor's Theory X and Theory Y, Herzberg's two-factor theory, systems approach to management, leadership styles, and the social responsibilities of management. It defines management, discusses its nature and importance, and outlines common management functions proposed by various theorists.
Theories of management
The document discusses several theories of management including:
1) Scientific Management Theory proposed by Frederick Taylor which emphasized time-motion studies, piece-rate wages, division of labor, and functional foremanship.
2) Bureaucratic Theory proposed by Max Weber which advocated for hierarchies, rules, impersonality, and career advancement based on qualifications.
3) Administrative Management principles proposed by Henri Fayol including planning, organizing, commanding, coordinating, and controlling.
4) Human Relations Approach advocated by Mary Parker Follett and Elton Mayo which emphasized cooperation between employers and employees, job satisfaction, and team spirit.
Coordination
A manager has to perform interrelated functions in the process of managing an organisation which is a system made up of different interlinked and interdependent
subsystems.
It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of the organisation.
Basic Management
Management involves planning, organizing, leading, and controlling organizational resources to achieve goals. The key functions of management include planning activities to achieve goals, organizing human and physical resources, staffing the organization by selecting and training employees, leading and directing employee work, and controlling performance to ensure goals are met. Managers at different levels have varying responsibilities, with top managers setting overall direction, middle managers responsible for at least two levels below, and first-line managers directly supervising employees' work. Effective management requires skills in all of these functions.
Introduction to Management
The document provides an introductory glimpse of management and the history of its evolution.The document also illustrates the nature, characteristics and importance of management. Various levels of management and managerial skills are also illustrated. The document also provides information to distinguish management and administration. Certain theories of pioneers are also mapped onto the document.
Concepts of Management
It contains information about the basic concepts of management like what is management, functions of management, levels of management which is the basis for every management student.
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Nature and scope of management
Management involves planning, organizing, leading, and controlling resources to achieve goals. It is the process of coordinating human and material resources efficiently to achieve organizational objectives. Management occurs at three levels - top level managers set objectives and policies, middle managers link strategic plans to operational goals, and lower managers implement policies and oversee staff. While management incorporates elements of both art and science, it is considered a profession as it requires formal education, expertise, and adherence to ethical standards.
Coordination
This document discusses coordination as a management function. It provides definitions of coordination from various authors that emphasize harmonizing activities to facilitate working towards common goals. Coordination is characterized as essential for management, ongoing, and required for group efforts but not individual efforts. Techniques for effective coordination discussed include planning, communication, leadership, and committees. The importance of coordination is also highlighted for efficiency, effectiveness, and unity of direction. Coordination is distinguished from cooperation in that coordination is a deliberate system imposed by managers while cooperation is voluntary informal efforts to help one another.
INTRODUCTION TO MANAGEMENT
This document provides an overview of key management concepts and theories including: Taylor's scientific management theory, Fayol's principles of management, Mayo's Hawthorne experiments, Maslow's hierarchy of needs, McGregor's Theory X and Theory Y, Herzberg's two-factor theory, systems approach to management, leadership styles, and the social responsibilities of management. It defines management, discusses its nature and importance, and outlines common management functions proposed by various theorists.
Theories of management
The document discusses several theories of management including:
1) Scientific Management Theory proposed by Frederick Taylor which emphasized time-motion studies, piece-rate wages, division of labor, and functional foremanship.
2) Bureaucratic Theory proposed by Max Weber which advocated for hierarchies, rules, impersonality, and career advancement based on qualifications.
3) Administrative Management principles proposed by Henri Fayol including planning, organizing, commanding, coordinating, and controlling.
4) Human Relations Approach advocated by Mary Parker Follett and Elton Mayo which emphasized cooperation between employers and employees, job satisfaction, and team spirit.
Coordination
A manager has to perform interrelated functions in the process of managing an organisation which is a system made up of different interlinked and interdependent
subsystems.
It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of the organisation.
Basic Management
Management involves planning, organizing, leading, and controlling organizational resources to achieve goals. The key functions of management include planning activities to achieve goals, organizing human and physical resources, staffing the organization by selecting and training employees, leading and directing employee work, and controlling performance to ensure goals are met. Managers at different levels have varying responsibilities, with top managers setting overall direction, middle managers responsible for at least two levels below, and first-line managers directly supervising employees' work. Effective management requires skills in all of these functions.
Introduction to Management
The document provides an introductory glimpse of management and the history of its evolution.The document also illustrates the nature, characteristics and importance of management. Various levels of management and managerial skills are also illustrated. The document also provides information to distinguish management and administration. Certain theories of pioneers are also mapped onto the document.
Concepts of Management
It contains information about the basic concepts of management like what is management, functions of management, levels of management which is the basis for every management student.
Pom unit-i, Principles of Management notes BBA I Semester OU
BBA notes, Osmania University, I sem, Principles of Management, PPT of Principles of Management, Osmania University BBA Notes, POM notes by NET qualified faculty
Classical theory of management
Classical Theory of management is a branch of management theory evolved around the 19th century. It was developed during the industrial revolution when problems related to factory systems began, to recognize the role that management plays in an organization particularly focusing on the efficiency of the work process
Principle of management
This document provides an introduction to management concepts. It discusses the origins of management studies and some ancient writings on management. It defines management as the process of getting work done efficiently through others. The document outlines the nature, purpose, functions, levels of managers, managerial roles, skills, Fayol's 14 principles of management, recent trends, and the scientific management school established by Frederick Taylor which emphasized job analysis, time/motion study, and financial incentives. Taylor's approach was criticized for ignoring human factors and being dehumanizing.
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 prepared and used to control the organization by comparing current figures to previous years' figures. Budgetary control is done through budgets for all aspects of the business by a budget committee to facilitate planning and control. Break-even analysis finds the point where there is no profit or loss to evaluate performance and take corrective actions.
Management nature and significance
Management is a universal process that involves planning, organizing, motivating and controlling resources to achieve organizational goals effectively and efficiently. It can be viewed as both an art and a science, applying principles and creativity. Management functions across all organizations, including businesses and non-profits. Effective management establishes an environment where people can work towards common objectives while also pursuing personal goals like growth, recognition and good working conditions. Coordination is essential across the management functions of planning, organizing, staffing, directing and controlling.
Management principles aand practices
This document provides an overview of management principles and practices. It defines management and discusses how management involves tactfully managing men, technology, teams, competencies, objectives, and resources. The document also examines different definitions of management and describes management as involving functions like planning, organizing, leading, and controlling. It discusses management levels from top to middle to frontline supervision. Additionally, the document covers topics like leadership styles, Mintzberg's managerial roles, and the Blake and Mouton leadership grid model.
Introduction to Management - Meaning, Nature, Scope, Levels of Management
Introduction & Definition of Management
Components of Management
Features of Management
Functions of Management
Level of Management
Management and Administration
Management as Profession
Significance of Management from the point of view of Modern Business Operations.
Planning and Objectives
Nature, Importance and Purpose of Planning, Planning process, Objectives, Types of plans (Meaning only), Decision making, Importance and Steps.
Management and it's functions
Management involves planning, organizing, staffing, directing, coordinating, reporting and budgeting. Planning involves deciding future actions, organizing establishes structure and assigns responsibilities, and staffing involves selecting and developing personnel. Directing oversees subordinates to achieve goals through supervision, motivation and leadership. Coordinating ensures efficient collaboration, reporting keeps stakeholders informed, and budgeting manages resource allocation. Effective management achieves goals efficiently using available resources.
Nature of Management - Management Principles
Nature of Management - Management PrinciplesWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
Management is the art of getting things done from various people by effectively utilizing the available resources.Administrative theory
Fayol proposed five elements of management: planning, organizing, commanding, coordinating, and controlling. He also described fourteen principles of management that managers should follow to effectively accomplish their objectives. The principles include division of labor, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interests, remuneration of personnel, centralization, scalar chain of command, order, equity, stability of tenure, initiative, and esprit de corps. Fayol's theories focused on how to maintain an effectively and efficiently functioning organization.
Levels of Management and Their Functions
Levels of Management
Functions of Top Management
Functions of Middle Management
Functions of Lower Management
Hierarchy of management positions
Management positions from top to bottom
Role of different levels of management in an organisation
Management process
Management involves planning, organizing, staffing, directing and controlling. Planning involves setting objectives and determining actions to achieve goals. Organizing establishes the structure and allocation of resources. Staffing involves selecting, training and developing personnel. Directing includes guiding, motivating and leading people.
Controlling in management
A process of monitoring , comparing ,correcting performance and taking action to ensure desired results.
It sees to it that the right things happen, in the right ways, and at the right time
Priciples of management ppt final
This document provides an overview of management concepts including:
- Definitions of management as a process of designing environments for groups to work together efficiently and as a process of getting things done through people.
- The five main functions of management: planning, organizing, staffing, leading, and controlling.
- The three types of managerial skills: conceptual, technical, and human relations.
- Henry Fayol's 14 general principles of management including division of work, authority and responsibility, and initiative.
- Management as essential for any organization to enable individuals' contributions and apply to all types of organizations.
- An example of Infosys' management structure and leadership.
Unit 1 management
This document discusses key concepts related to management including:
- Definitions of management from various scholars and perspectives including as an art, science, and profession.
- Levels of management including top, middle, and lower/supervisory.
- The functions of management such as planning, organizing, leading, and controlling.
- Tools and techniques used by managers including strategic planning, tactical planning, operational planning, delegation, and performance appraisal.
- Skills required of managers such as analytical, technical, and interpersonal skills.
Levels of management
The document discusses the different levels of management in organizations. It identifies three levels - top level management, middle level management, and lower level management.
The top level consists of boards of directors, CEOs, and other C-level executives. They are responsible for controlling the entire organization by setting strategic plans and policies. The middle level includes department heads and branch managers who implement plans and monitor performance. The lower level comprises of foremen and supervisors who direct workers and maintain morale.
PLANNING IN MANAGEMENT,DEFINITION CHARACTERISTICS, IMPORTANCE AND LIMITATIONS
Planning is the primary function of management and involves determining the best course of action in advance to achieve organizational objectives. Planning has several key characteristics including being an intellectual process that looks to the future, being continuous, and being required at all levels of management. Planning provides advantages such as better resource utilization, minimizing uncertainties, and improving competitive strength. The planning process involves analyzing internal and external environments, setting objectives, developing alternative courses of action, and carrying out the chosen plan.
Introduction to management
Management involves planning, organizing, leading, and controlling an organization to help it achieve its goals. Managers fulfill many roles like being leaders, problem solvers, and planners. They are responsible for guiding an organization's resources and staff towards accomplishing its business objectives at different management levels. Management refers to overseeing the tasks and activities required for directing an organization, including creating and maintaining an environment where people can work efficiently towards attaining group goals. It is a goal-oriented process that is essential for an organization's survival, growth, optimal resource utilization, cost minimization, and generating employment.
Management process unit -1
1. Management is defined as the process of planning, organizing, directing, and controlling resources to achieve organizational goals. It involves functions like goal setting, performance evaluation, and developing an operating philosophy.
2. Management is a continuous process that involves getting work done through people in a formal group setting. It uses knowledge from various disciplines like economics, psychology, and sociology.
3. Management aims to utilize resources efficiently and improve performance to satisfy stakeholders like owners, employees, customers, and the public. The primary objective is to run the enterprise smoothly and earn a profit.
Business managment
The document discusses key concepts in business management including planning, organizing, staffing, leading, and controlling. It defines management as getting people together to accomplish goals efficiently and effectively. It outlines the characteristics, objectives, importance, and functions of management, including principles of management and scientific management.
Introduction_to_Business_ManagementUNIT 1 .pptx
Business management involves coordinating tasks and resources to achieve business goals. It helps optimize resource utilization, reduce costs, and increase efficiency. Proper management allows companies to adapt to changing environments, tackle competition, and ensure the welfare of society. Management consists of actions and plans, while administration focuses on utilizing organizational resources to meet objectives.
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Pom unit-i, Principles of Management notes BBA I Semester OU
BBA notes, Osmania University, I sem, Principles of Management, PPT of Principles of Management, Osmania University BBA Notes, POM notes by NET qualified faculty
Classical theory of management
Classical Theory of management is a branch of management theory evolved around the 19th century. It was developed during the industrial revolution when problems related to factory systems began, to recognize the role that management plays in an organization particularly focusing on the efficiency of the work process
Principle of management
This document provides an introduction to management concepts. It discusses the origins of management studies and some ancient writings on management. It defines management as the process of getting work done efficiently through others. The document outlines the nature, purpose, functions, levels of managers, managerial roles, skills, Fayol's 14 principles of management, recent trends, and the scientific management school established by Frederick Taylor which emphasized job analysis, time/motion study, and financial incentives. Taylor's approach was criticized for ignoring human factors and being dehumanizing.
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 prepared and used to control the organization by comparing current figures to previous years' figures. Budgetary control is done through budgets for all aspects of the business by a budget committee to facilitate planning and control. Break-even analysis finds the point where there is no profit or loss to evaluate performance and take corrective actions.
Management nature and significance
Management is a universal process that involves planning, organizing, motivating and controlling resources to achieve organizational goals effectively and efficiently. It can be viewed as both an art and a science, applying principles and creativity. Management functions across all organizations, including businesses and non-profits. Effective management establishes an environment where people can work towards common objectives while also pursuing personal goals like growth, recognition and good working conditions. Coordination is essential across the management functions of planning, organizing, staffing, directing and controlling.
Management principles aand practices
This document provides an overview of management principles and practices. It defines management and discusses how management involves tactfully managing men, technology, teams, competencies, objectives, and resources. The document also examines different definitions of management and describes management as involving functions like planning, organizing, leading, and controlling. It discusses management levels from top to middle to frontline supervision. Additionally, the document covers topics like leadership styles, Mintzberg's managerial roles, and the Blake and Mouton leadership grid model.
Introduction to Management - Meaning, Nature, Scope, Levels of Management
Introduction & Definition of Management
Components of Management
Features of Management
Functions of Management
Level of Management
Management and Administration
Management as Profession
Significance of Management from the point of view of Modern Business Operations.
Planning and Objectives
Nature, Importance and Purpose of Planning, Planning process, Objectives, Types of plans (Meaning only), Decision making, Importance and Steps.
Management and it's functions
Management involves planning, organizing, staffing, directing, coordinating, reporting and budgeting. Planning involves deciding future actions, organizing establishes structure and assigns responsibilities, and staffing involves selecting and developing personnel. Directing oversees subordinates to achieve goals through supervision, motivation and leadership. Coordinating ensures efficient collaboration, reporting keeps stakeholders informed, and budgeting manages resource allocation. Effective management achieves goals efficiently using available resources.
Nature of Management - Management Principles
Nature of Management - Management PrinciplesWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
Management is the art of getting things done from various people by effectively utilizing the available resources.Administrative theory
Fayol proposed five elements of management: planning, organizing, commanding, coordinating, and controlling. He also described fourteen principles of management that managers should follow to effectively accomplish their objectives. The principles include division of labor, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interests, remuneration of personnel, centralization, scalar chain of command, order, equity, stability of tenure, initiative, and esprit de corps. Fayol's theories focused on how to maintain an effectively and efficiently functioning organization.
Levels of Management and Their Functions
Levels of Management
Functions of Top Management
Functions of Middle Management
Functions of Lower Management
Hierarchy of management positions
Management positions from top to bottom
Role of different levels of management in an organisation
Management process
Management involves planning, organizing, staffing, directing and controlling. Planning involves setting objectives and determining actions to achieve goals. Organizing establishes the structure and allocation of resources. Staffing involves selecting, training and developing personnel. Directing includes guiding, motivating and leading people.
Controlling in management
A process of monitoring , comparing ,correcting performance and taking action to ensure desired results.
It sees to it that the right things happen, in the right ways, and at the right time
Priciples of management ppt final
This document provides an overview of management concepts including:
- Definitions of management as a process of designing environments for groups to work together efficiently and as a process of getting things done through people.
- The five main functions of management: planning, organizing, staffing, leading, and controlling.
- The three types of managerial skills: conceptual, technical, and human relations.
- Henry Fayol's 14 general principles of management including division of work, authority and responsibility, and initiative.
- Management as essential for any organization to enable individuals' contributions and apply to all types of organizations.
- An example of Infosys' management structure and leadership.
Unit 1 management
This document discusses key concepts related to management including:
- Definitions of management from various scholars and perspectives including as an art, science, and profession.
- Levels of management including top, middle, and lower/supervisory.
- The functions of management such as planning, organizing, leading, and controlling.
- Tools and techniques used by managers including strategic planning, tactical planning, operational planning, delegation, and performance appraisal.
- Skills required of managers such as analytical, technical, and interpersonal skills.
Levels of management
The document discusses the different levels of management in organizations. It identifies three levels - top level management, middle level management, and lower level management.
The top level consists of boards of directors, CEOs, and other C-level executives. They are responsible for controlling the entire organization by setting strategic plans and policies. The middle level includes department heads and branch managers who implement plans and monitor performance. The lower level comprises of foremen and supervisors who direct workers and maintain morale.
PLANNING IN MANAGEMENT,DEFINITION CHARACTERISTICS, IMPORTANCE AND LIMITATIONS
Planning is the primary function of management and involves determining the best course of action in advance to achieve organizational objectives. Planning has several key characteristics including being an intellectual process that looks to the future, being continuous, and being required at all levels of management. Planning provides advantages such as better resource utilization, minimizing uncertainties, and improving competitive strength. The planning process involves analyzing internal and external environments, setting objectives, developing alternative courses of action, and carrying out the chosen plan.
Introduction to management
Management involves planning, organizing, leading, and controlling an organization to help it achieve its goals. Managers fulfill many roles like being leaders, problem solvers, and planners. They are responsible for guiding an organization's resources and staff towards accomplishing its business objectives at different management levels. Management refers to overseeing the tasks and activities required for directing an organization, including creating and maintaining an environment where people can work efficiently towards attaining group goals. It is a goal-oriented process that is essential for an organization's survival, growth, optimal resource utilization, cost minimization, and generating employment.
Management process unit -1
1. Management is defined as the process of planning, organizing, directing, and controlling resources to achieve organizational goals. It involves functions like goal setting, performance evaluation, and developing an operating philosophy.
2. Management is a continuous process that involves getting work done through people in a formal group setting. It uses knowledge from various disciplines like economics, psychology, and sociology.
3. Management aims to utilize resources efficiently and improve performance to satisfy stakeholders like owners, employees, customers, and the public. The primary objective is to run the enterprise smoothly and earn a profit.
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Business managment
The document discusses key concepts in business management including planning, organizing, staffing, leading, and controlling. It defines management as getting people together to accomplish goals efficiently and effectively. It outlines the characteristics, objectives, importance, and functions of management, including principles of management and scientific management.
Introduction_to_Business_ManagementUNIT 1 .pptx
Business management involves coordinating tasks and resources to achieve business goals. It helps optimize resource utilization, reduce costs, and increase efficiency. Proper management allows companies to adapt to changing environments, tackle competition, and ensure the welfare of society. Management consists of actions and plans, while administration focuses on utilizing organizational resources to meet objectives.
Chapter 1 Definitions and Functions of Management
This document outlines the key concepts and functions of management. It discusses that management is the process of coordinating and overseeing the work of individuals in an organization to efficiently achieve goals. The main functions of management are planning, organizing, staffing, leading, and controlling. Planning involves setting goals and strategies, organizing is assigning tasks and resources, staffing is recruiting employees, leading is motivating workers, and controlling is evaluating performance. The document also defines intrinsic aspects of management as coordination, efficiency, and effectiveness in helping an organization achieve its aims.
Management Process and Principles of School Management
This document provides an overview of basic management principles and processes for school management. It defines management and lists its key features and importance. It outlines different management styles, levels of management (top, middle, low), and management functions. Principles of management are defined, and principles of school management and Henri Fayol's 14 principles are briefly introduced. The document serves as an introductory presentation on fundamental management concepts for schools.
Importance of management
Management arranges resources effectively to achieve goals, coordinates and directs efforts, and converts disorganized resources into a productive enterprise. It utilizes all resources optimally to achieve maximum output with minimum input and reduce costs. Management also establishes equilibrium by adapting the organization to changes in the external environment, which is essential for the organization's growth and prosperity of society through efficient economic production and improved standards of living.
Management
Management involves regulating an organization or system in an organized and efficient way to achieve predetermined objectives. It provides vision, strategies, and coordination to optimize limited resources. Managers create an environment where employees can work competently. Management occurs at multiple levels and involves operational, secondary, and strategic decision-making. It is a continuous process requiring managers to obtain and share information, make decisions, and build interpersonal relationships. The primary functions of management are planning, organizing, staffing, leading, and controlling to achieve coordination and dynamism within an organization.
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Mba golgotias
Management involves planning, organizing, leading, and controlling organizational resources and activities to achieve goals. It is a process that has existed for thousands of years, as evidenced by its use in constructing ancient structures like the Egyptian pyramids over 5,000 years ago. Modern management still utilizes the same core functions of planning, organizing, directing, and controlling. Good management is crucial for the success of organizations and the progress of society.
Mba golgotias
Management involves planning, organizing, leading, and controlling organizational resources and activities to achieve goals. It is a process that has existed for thousands of years, as evidenced by its use in constructing ancient structures like the Egyptian pyramids over 5,000 years ago. Modern management still utilizes the same core functions of planning, organizing, directing, and controlling. Good management is crucial for the success of organizations and the progress of society.
Chapter 1 Nature and Concepts of Management
This document defines management as the process of coordinating and overseeing the work performance of individuals in an organization to efficiently achieve goals. It discusses the key functions of management as planning, organizing, staffing, leading, and controlling. Planning involves setting goals and strategies, organizing assigns tasks and resources, staffing fills jobs, leading motivates people, and controlling evaluates performance. The intrinsic nature of management is coordination for harmonious work, efficiency in resource use, and effectiveness in goal achievement.
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The document defines management and administration according to various scholars. It also compares the key differences between management and administration. Some of the main differences highlighted are that administration is concerned with determining major policies and objectives, while management is focused on executing policies and achieving objectives. Administration is also described as a thinking function while management is an executive function. The document also outlines various concepts, principles, theories, and functions of management according to thinkers like Fayol, Taylor, and others.
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The document discusses definitions of management and administration from various authors and compares the key differences between the two. It also outlines the characteristics, functions, principles, theories and concepts of management as proposed by thinkers like Fayol, Taylor, Weber and others. The classical, neo-classical, behavioral and modern schools of management thought are briefly introduced.
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Management involves planning, organizing, staffing, directing, and controlling resources to achieve organizational goals. It is a universal process that helps coordinate group efforts. Key functions of management include establishing an organizational structure and processes, utilizing resources efficiently, reducing costs, adapting to changes, and directing employees toward goals. Management is important for prosperity as it improves production, increases standards of living, and creates employment opportunities that benefit society.
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The document discusses various aspects of organizing as a management function. It defines organizing as establishing authority relationships and dividing work among positions. The key steps in organizing are identifying work, grouping work, establishing a hierarchy, delegating authority, and coordinating activities. Organizing is important as it helps achieve goals, optimize resource use, reduce costs, establish a sound organization structure, and adapt to changing environments. The document also discusses different types of organization structures such as line, line and staff, functional, and divisional structures. It compares centralization versus decentralization of authority.
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This document provides an introduction to management in nursing and outlines the management process. It discusses the key functions of management as planning, organizing, staffing, directing, coordinating, reporting and budgeting. These functions were first identified by Henry Fayol and later expanded by Luther Gulick and Lyndall Urwick in their POSDCORB model of the management process. The document then provides further details on each of the management functions.
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This document discusses the various functions of management. It defines management as the process of planning, organizing, directing, and controlling an organization's resources to achieve its objectives effectively and efficiently. It then outlines the key functions of management as planning, organizing, staffing, directing, and controlling. Planning involves setting goals and strategies. Organizing is arranging resources like people, projects, and materials. Staffing focuses on acquiring and developing employees. Directing guides individuals toward goals. Controlling monitors activities and ensures standards are met.
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The document discusses management process and planning. It defines management process as the process of accomplishing predetermined objectives through interrelated functions like planning, organizing, directing, and controlling. Planning is described as the primary function of management and the starting point for other functions. The summary outlines the key steps in planning as determining objectives, analyzing data, assessing strengths and weaknesses, establishing goals and strategies, creating a timeline and plan document, implementing, and evaluating the plan.
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for the students of dr hs gour university sagar for mba third semester with human resource specialisation
Ppt management-unit-1-16-08-2016
Introduction
Meaning of management
Definition of management
Importance of management
Meaning of admiration
Difference between administration and management
Functional management
Functions of management
Levels of management
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The document discusses factors that affect share prices, including supply and demand, interest rates, current events, and exchange rates. Supply and demand directly impact share prices, with prices rising when demand exceeds supply and falling when supply outweighs demand. Interest rates and monetary policy decisions also influence prices, with higher rates typically lowering prices. Current domestic and global events can positively or negatively impact investor sentiment and market prices. Exchange rates also play a role, as a stronger rupee against the dollar is often correlated with economic growth and higher stock values.
Rights of investors
This document outlines the rights of investors as shareholders, debenture holders, and security holders. As a shareholder, investors have rights to receive dividends and inspect company records. They can also apply to have meetings called or the company wound up. As a group, shareholders can call extraordinary meetings and demand polls. As debenture holders, investors are entitled to interest payments and can take action if debentures are in default. The document stresses that investors have responsibilities to be informed, vigilant, and participate in company meetings by exercising their rights individually or as a group.
Loss of Confidence of small investors
Small investor confidence can affect stock prices, with rising confidence leading to bull markets and falling confidence resulting in bear markets. Factors like company news, economic conditions, and regulatory actions influence investor confidence. The Securities and Exchange Board of India (SEBI) regulates India's securities market, but small investors may lose confidence in SEBI due to regulatory failures, lack of awareness about SEBI's role, perceived inefficiencies, or rampant insider trading. This could have negative effects like reduced market participation and investment from small investors. To regain confidence, SEBI must address transparency, communication, and strict enforcement against fraud and insider trading.
Facilities by BSE
The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia and provides various facilities to members and investors including trading, clearing and settlement, listing, market data, investor services, and international services. BSE offers a platform for trading various financial instruments, a comprehensive clearing and settlement system, listing services for companies, real-time market data and statistics, online trading and education for investors, and access to global markets through international partnerships.
Technological forces fueling e-commerce
This document discusses key trends driving e-commerce growth including omnichannel presence, extensive personalization, shift to mobile, conversational marketing, AI/chatbots, image search, and efficient checkout processes. It explains how technologies like video chat, co-browsing, and e-signatures allow for interconnected customer experiences across channels. Personalization is highlighted as important for understanding customer preferences and behavior. Mobile platforms and apps, location-based marketing, and augmented reality are increasing in importance.
Encryption and Decryption
Encryption is the process of converting a readable plaintext message into an unreadable cipher text message. Decryption is the reverse process of converting cipher text back into a readable plaintext format. The encryption process uses a public key at the sender's end to encrypt the message into unreadable cipher text. Decryption uses a private key at the receiver's end to decode the cipher text back into the original readable plaintext message. Encryption and decryption ensure secure transmission and storage of sensitive data that can only be accessed by authorized parties with the proper keys.
Meaning, Anatomy and Forces Fueling e-commerce
E-commerce involves the buying and selling of goods and services over the Internet. It can occur between businesses, businesses and consumers, consumers and businesses, and consumers directly. E-commerce uses electronic means like websites to facilitate commercial transactions. It requires large multimedia storage servers to hold content like audio, video, images and text. Information is delivered to consumer access devices through telecom, cable, computer or wireless networks. Three key forces fueling the growth of e-commerce are economic factors like lower costs, marketing advantages of new channels and personalized service, and advancing digital technologies.
Forces Fueling e-commerce
E-commerce is the process of buying, selling, or exchanging products, services, and information via electronic networks and computers. It allows consumers to exchange goods and services without barriers of time or distance. Key drivers of e-commerce growth include economic, technological, market, and social factors. Economically, e-commerce enables lower-cost interactions between businesses and partners, cheaper advertising and customer service, and higher profits through reduced overhead.
Inter Organizational e-commerce
This document discusses interorganizational systems (IOS) and e-commerce. It defines IOS as occurring between two or more organizations collaborating and sharing information. It describes different levels of IOS including individual organizations, networks themselves, and wider communities. It also outlines types of IOS at different technological stages from pre-internet to modern web 2.0 systems. Key benefits of IOS include enabling efficient supply chain management, facilitating technology exchange, allowing for global communication, and reducing business risks.
Factors for the success of m-commerce
This document discusses five factors that influence the adoption of mobile commerce (m-commerce): perceived usefulness, perceived ease of use, perceived trust, perceived cost, and perceived privacy. It provides definitions and explanations of each factor, describing how researchers have proposed that higher perceptions of usefulness, ease of use, trust, and privacy as well as lower perceptions of cost would positively influence consumers' adoption of m-commerce.
Advantages of E-Commerce
This document discusses the advantages and disadvantages of e-commerce. Some key advantages include low financial costs to start an e-business, the ability to operate 24/7 globally, and easily gaining customer data. However, disadvantages include sites crashing and customers being unable to try products before buying. Additionally, e-commerce faces high competition, potential quality issues, and security/technical challenges from poor implementation or evolving standards.
Types of E-Commerce
This document outlines 7 types of e-commerce business models:
1) Business-to-Business (B2B) where businesses sell products to other businesses for resale.
2) Business-to-Consumer (B2C) where businesses sell directly to consumers through websites like Amazon and Flipkart.
3) Consumer-to-Consumer (C2C) where individuals sell used goods to other consumers through sites like OLX and Quickr.
E-Commerce and E- Businesss
E-commerce refers to the buying and selling of goods and services, and the transfer of funds and data, over the internet. It allows for commercial transactions between businesses and consumers with no barriers of time or distance. While e-commerce involves commercial transactions via the internet, e-business relies entirely on the internet for all company activities from procurement to marketing to sales. E-commerce has grown exponentially in recent decades, emerging in the 1970s on private networks and accelerating with the creation of the world wide web and first online stores in the early 1990s.
RFID
This document discusses several topics related to mobile computing and m-commerce. It begins with an overview of RFID technology, including the basic components and types of RFID tags. It then covers WiMAX and how it provides wireless broadband connectivity over large areas. Finally, it discusses SMS and its use for short text messages. The document also outlines some security issues and safety measures for mobile computing.
Electronic Data Interchange & Internet
The document discusses electronic data interchange (EDI) and the internet. It defines EDI as the electronic exchange of business documents between organizations in a standardized format. Common documents exchanged via EDI include invoices, purchase orders, and shipping notices. The document also outlines several benefits of EDI for industries like retail, manufacturing, and automobiles. It provides a brief history of the internet and defines key terms like protocols and the world wide web. EDI is useful for regular exchanges between business partners in industries like supply chain management.
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