Modern Management Techniques
12/16/2016
Plan of Presentation
 Introduction to
 Management
 Management techniques
 Characteristics of management techniques
 Classification of management techniques
 Network Analysis
 PERT
 CPM
 Management by Objectives
 Total Quality Management
 Summary
 Conclusion
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Introduction
• What is Management?
– To co-ordinate the efforts of people
• to accomplish goals
• objectives
• using available resources
• efficiently and effectively
• Transforming resources to utility.
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Forecasting
Planning
Organizing
Commanding
Co-ordinating
Controlling
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Management Techniques
Definition :
Systematic and analytical methods used to
assist in decision-making, the improvement
of efficiency and effectiveness and in
particular, the conduct of the two key
managerial activities of planning and
control
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Characteristics of management
techniques:
• Systematic :
– Consist of specified and often sequential methods
of tackling a problem, providing information for
decision making or improving operational
efficiency.
– Ensure that each step is carried out in prescribed
manner.
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• Analytical
– Techniques have been developed by considering what and
possibly quantitative methods are required to deal with
every aspect of a situation and achieve an end result.
– They subject complex situations to close and systematic
examination and resolve them into their key elements.
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• Quantitative
– Management techniques measure in numerical or financial
terms what is happening and quantify forecasts of future
trends.
– Management techniques place monetary values on
performance reports, forecasts, plans.
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• Applications of management techniques.
– General management
– Marketing management
– Operations management
– Financial management
– Human resource management
– Information technology
– Management science
– Planning and resource allocation
– Efficiency and effectiveness
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• Traditional methods of management are primarily
based on behavioural sciences.
– Personnel selection
– Training and retraining
– Motivational methods
– Development of communication channels and skills
– Supervision
– Leadership development
– Team building and conflict resolution
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• The conventional methods of management are no
longer adequate to meet the demand of today’s
projects
• With larger and complicated organisations with their
own unique organisational and structural issues a
need has been felt for better, more effective and
innovative managerial methods
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Thank you
12/16/2016

Modern management techniques

  • 1.
  • 2.
    Plan of Presentation Introduction to  Management  Management techniques  Characteristics of management techniques  Classification of management techniques  Network Analysis  PERT  CPM  Management by Objectives  Total Quality Management  Summary  Conclusion 12/16/2016
  • 3.
    Introduction • What isManagement? – To co-ordinate the efforts of people • to accomplish goals • objectives • using available resources • efficiently and effectively • Transforming resources to utility. 12/16/2016
  • 4.
  • 5.
    Management Techniques Definition : Systematicand analytical methods used to assist in decision-making, the improvement of efficiency and effectiveness and in particular, the conduct of the two key managerial activities of planning and control 12/16/2016
  • 6.
    Characteristics of management techniques: •Systematic : – Consist of specified and often sequential methods of tackling a problem, providing information for decision making or improving operational efficiency. – Ensure that each step is carried out in prescribed manner. 12/16/2016
  • 7.
    • Analytical – Techniqueshave been developed by considering what and possibly quantitative methods are required to deal with every aspect of a situation and achieve an end result. – They subject complex situations to close and systematic examination and resolve them into their key elements. 12/16/2016
  • 8.
    • Quantitative – Managementtechniques measure in numerical or financial terms what is happening and quantify forecasts of future trends. – Management techniques place monetary values on performance reports, forecasts, plans. 12/16/2016
  • 9.
    • Applications ofmanagement techniques. – General management – Marketing management – Operations management – Financial management – Human resource management – Information technology – Management science – Planning and resource allocation – Efficiency and effectiveness 12/16/2016
  • 10.
    • Traditional methodsof management are primarily based on behavioural sciences. – Personnel selection – Training and retraining – Motivational methods – Development of communication channels and skills – Supervision – Leadership development – Team building and conflict resolution 12/16/2016
  • 11.
    • The conventionalmethods of management are no longer adequate to meet the demand of today’s projects • With larger and complicated organisations with their own unique organisational and structural issues a need has been felt for better, more effective and innovative managerial methods 12/16/2016
  • 12.