Modern Management

1. Presented By,
Rajiv. A

2.  Father of Modern Management.
His famous Books include “The New
Society”, “The End of Economic Man” ,
“The Future of Industrial Man” etc.
1909 - 2005

3. Nature of management.
Manager’s Job.
Management by Objective (MBO).
Decentralisation.
Structure.
Decision Making.
Executive Development.

4. oManagement is a dynamic, life giving element in an
Organisation.
oManagement is a distinct, discipline and a social
function.
oManagers should be creative and innovative in order
to produce results.

5.  Must set meaningful goals for the entire organisation.
 Business is linked to the society. It is their duty to meet
social expectations. Ex : quality, service, etc.
 ‘A healthy business cannot exist in a sick society’.
 Managers need to strike a fine balance between social
expectations and enterprise objectives.
 Business should deliver want satisfying goods and
services.
 Performance is must.

6.  Goals are collaboratively set for the organisation.
 Goals must be realistic.
 Gives an option for the sub ordinates to make
creative decisions.

7. Criticism of the functional focus of managers.
 Create independent product divisions within a large
undertaking.
 Accountable for results and allow them to grow
steadily.

8. Layers in the Organisation to be reduced.
The Organization structure should be dynamic in
nature.
Activity Analysis:
Decision Analysis:
Relations Analysis:

9. He wanted managers to define problems correctly before
trying to find solutions.
Analyzing problems:
What is the problem?
Which problem to solve?
What is the real cause of the problem?
Solutions:
Evaluate the risks of each course of action against
expected gains.
Put emphasis on economy of effort.
Give weight age to timing.
Limitations of physical, financial and human resources.

10. Successful managers do not wait for the future
instead they make the future.
Managers must be prepared for all the future
challenges by updating their skill and knowledge.