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MST 122
Principles of Management
Level 1
Semester2
Course Code: MST 122
Course Title:Principlesof Management
Group
Details
Sessional Group:
Session: 2020-2021
BBA Program (L-1, S-2)
Faculty of Business Administration
Contents
Books Topics
Robbins
Strategic Planning
Planning and goal setting
Griffin
Managing leadership and influence
process
Basic elements of planning and
decision making
Strategic Planning
Stephen P. Robbins. Mary coulter
5
Current strategic management issues
Managers face three current strategic management issues
1. Strategic leadership
2. Strategic Flexibility
3. Important types of strategies for today's environment.
6
Strategic Management
Strategic management
Strategic management is what manager do to develop the organization strategies. Strategic management
is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to
meet its goals and objectives.
Strategies
The plans for how the organization will do what it's in business to do, how it will complete successfully, and
how it will attract and satisfy it's customer in order to achieve it's goals.
7
Strategic management process
Strategic management process
The strategic management process is a six-step process that encompasses strategy planning,
implementation, and evaluate action. Although the first four steps describe the planning that
must take place, implementation and evaluation are just as important! Even the best strategies
can fail if management doesn't implement or evaluate them properly.
8
Strategic management process
Why is strategic management important?
There are three reasons.
1) The most significant one is that it can make a difference in how well an organization per forms. Why
do some businesses succeed and others fail.
2) Another reason it's important has to do with the fact that managers in organizations of all types and
sizes face continually changing situations.
3) Finally, strategic management is important because organizations are complex and diverse.
9
Corporate Strategies
Corporate strategies
An organizational strategy that determines what businesses a company is in or wants to
be in, and what it wants to do with those businesses
The three main types of corporate strategies
1. Growth
2. Stability
3. Renewal.
10
Competitive strategies
A competitive strategy is a set of policies and
procedures that a business uses to gain a competitive
advantage in the market. It's the process of identifying
and executing actions that allow a business to
improve its competitive position.
Developing an effective competitive strategy requires
an understanding of competitive advantage, there are
many type of competitive advantages
• Quality as a competitive advantage
• Design thinking as a competitive advantage
• Social media as a competitive advantage
• Sustaining competitive advantage
Planning and Goal Setting
Stephen P. Robbins. Mary coulter
The what and why of planning
What is planning?
Planning : Management function that involves setting goals, establishing strategies for
achieving those goals, and developing plans to integrate and coordinate work activities.
 Formal planning
 Specific, time- oriented goals.
 Goals written and shared.
The what and why of planning
Why do managers plan?
 Provides direction.
 Reduces uncertainty.
 Minimize waste and Redundancy.
 Establishes the goals and standards for controlling.
The what and why of planning
Planning and performance
 Formal planning is associated with positive financial results.
 Quality of planning /implementation more important than the extent of it.
 External factors can reduce the impact of planning on performance.
 Planning performance relationship seems to be influenced by the
planning time frame.
Goals and
plans
• What is goals and plans?
• What is the importance of analyses plans and goals?
• Strategy of goals and plans
Setting goals and Developing plans
Approach of setting goal
The downside of traditional goal setting
1.top management objective
2.Division manager objective
3.Department manager
4.Individual employees objective
• what is management by objective (MBO)?
• Steps in goal setting
• What is developing plans?
1. What is contemporary issue in planning?
2. How Does National Culture Affect Managers decision
Making?
3. Why Is Creativity Important in Decision Making?
Contemporary issue in planning
Managing leadership and influence process
Ricky W. Griffin
Characteristics of leadership
1.Leader must have followers.
2.It is working relationship between leader and
followers.
3.Purpose is to achieve some common goal or
goals
4.A leader influence his followers willingly not by
force.
5.Leadership is exercised in a given situation.
6.Leadership is a power of relationship
7.It is a continuous process.
Leadership
Leadership is the ability to influence a
group toward the achievement of goal.
The Nature of Leadership
Type of leadership
i. Autocratic
ii. Democratic
iii. paternalistic etc.
20
The Nature of Leadership
Generic approaches to leadership
Traits of a Good Leader and behavior
Traits of a good leader has many ways. such as
 Honest Inspiring
 Competent Intelligent
 Forward looking Fair minded
Leadership traits has three parts
 Intelligence
 Physical
 Personality
Leadership behavior
Has two parts. such as
Michigan studies (Rensis Likert)
Ohio state studies
22
Situational approaches to leadership
Situational Leadership is a style of leadership where leaders consider the readiness level of the team members they
serve and the uniqueness of every situation.
A theory of leadership that suggests that appropriate style
of leadership varies with situational favorableness.
A theory of leadership suggesting that the primary functions
of a leader are to make valued or desired rewards available in
the workplace and to clarify for the subordinate the kinds of
behavior that will lead to those rewards
LPC THEORY
PATH GOAL THEORY
23
Situational approaches to leadership
Path Goal theory of leadership
Vrooms decision tree
approach
Predicts what kinds of situations call for different degrees of group
participation
Decision making style
 Decide
 Consult (individually)
 consult (group)
 Facilitate
 Delegate
The leader member exchange approach
Stresses that leader have different kinds of relationship with different subordinates
24
Related Approach to leadership
1.Types Related Approach leadership.
2.what is Charismatic leadership?
3.Charismatic leadership's workforce.
4.Characteristics of Charismatic
leadership. 5.Example of Charismatic
leader.
6.what is substitutes for leadership?
7. What is Transformational leadership.
Emergingapproachestoleadership
Situational models assume that appropriate leader behavior
varies from one situation to another it is caller situational
approach of leadership. For instance, the “Tough Times,
Tough Choices” feature illustrates how economic factors might
influence leader behavior. The goal of a situational theory,
then, is to identify key situational factors and to specify how
they interact to determine appropriate leader behavior. In the
following sections, we describe four of the most important and
widely accepted situational theories of leadership.
1.The least-preferred coworker (LPC) theory,
2.the path-goal Theory
3.Vroom’s decision tree approach
4.The leader–member exchange (LMX) approach.
26
Political behavior in organization
What is political behavior in organization?
Those activities that influence or attempt to influence, the distribution of advantage
and disadvantage within the organization.
What types of political behavior used in a organization.
• Inducement behavior.
• persuasion behavior.
• creation of an obligation.
Advantage and disadvantage of political behavior??
How does politics influence an organization?
Politics lowers the output of an individual and eventually affects the productivity of the organization.
27
Political behavior in organization
Basic elements of planning and
decision making
Ricky W. Griffin
29
Managing Decision Making
1. Decision Making: The act of choosing one alternative from among a set of
alternatives. Decision making can refer to either a specific act or a general
process.
2. Decision Making Process: The decision making process includes
recognizing and defining the nature of a decision situation, identifying
alternatives, choosing the “best” alternative, and putting it into practice.
3. Nature of Decision Making: 1. Goal-Oriented Process 2. Selection Process
3. Continuous Process
4. Art as Well as Science 5. Responsibilities of Managers 6. Positive as Well as
Negative
7. Future Course of Action
Rational perspectives on decision making
Rational perspective on decision making
Rational decision making is a multi -step process for making choices
between alternative.
The Classical Model of Decision Making
Ideal method for how manages should make decisions.
Steps in the Rational Decision-Making Process
• Recognizing and Defining the Decision Situation
• Identifying Alternatives:
• Evaluating Alternatives
• Selecting the Best Alternative
• Implementing the Chosen Alternative
• Following Up and Evaluating the Results
31
GroupandTeamDecisionMaking
Organizations.
Forms of Group and Team Making:
There are three groups or teams.
i. Interacting Groups or Teams.
ii. Delphi Groups.
iii. Nominal Groups
Advantages of Group and Team Decision Making:
Disadvantages of Group and Team Decision Making
Any Question?
THAN
K
YOU

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Planning & Leading by Robbins & Griffin

  • 2. Level 1 Semester2 Course Code: MST 122 Course Title:Principlesof Management Group Details Sessional Group: Session: 2020-2021 BBA Program (L-1, S-2) Faculty of Business Administration
  • 3. Contents Books Topics Robbins Strategic Planning Planning and goal setting Griffin Managing leadership and influence process Basic elements of planning and decision making
  • 4. Strategic Planning Stephen P. Robbins. Mary coulter
  • 5. 5 Current strategic management issues Managers face three current strategic management issues 1. Strategic leadership 2. Strategic Flexibility 3. Important types of strategies for today's environment.
  • 6. 6 Strategic Management Strategic management Strategic management is what manager do to develop the organization strategies. Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Strategies The plans for how the organization will do what it's in business to do, how it will complete successfully, and how it will attract and satisfy it's customer in order to achieve it's goals.
  • 7. 7 Strategic management process Strategic management process The strategic management process is a six-step process that encompasses strategy planning, implementation, and evaluate action. Although the first four steps describe the planning that must take place, implementation and evaluation are just as important! Even the best strategies can fail if management doesn't implement or evaluate them properly.
  • 8. 8 Strategic management process Why is strategic management important? There are three reasons. 1) The most significant one is that it can make a difference in how well an organization per forms. Why do some businesses succeed and others fail. 2) Another reason it's important has to do with the fact that managers in organizations of all types and sizes face continually changing situations. 3) Finally, strategic management is important because organizations are complex and diverse.
  • 9. 9 Corporate Strategies Corporate strategies An organizational strategy that determines what businesses a company is in or wants to be in, and what it wants to do with those businesses The three main types of corporate strategies 1. Growth 2. Stability 3. Renewal.
  • 10. 10 Competitive strategies A competitive strategy is a set of policies and procedures that a business uses to gain a competitive advantage in the market. It's the process of identifying and executing actions that allow a business to improve its competitive position. Developing an effective competitive strategy requires an understanding of competitive advantage, there are many type of competitive advantages • Quality as a competitive advantage • Design thinking as a competitive advantage • Social media as a competitive advantage • Sustaining competitive advantage
  • 11. Planning and Goal Setting Stephen P. Robbins. Mary coulter
  • 12. The what and why of planning What is planning? Planning : Management function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities.  Formal planning  Specific, time- oriented goals.  Goals written and shared.
  • 13. The what and why of planning Why do managers plan?  Provides direction.  Reduces uncertainty.  Minimize waste and Redundancy.  Establishes the goals and standards for controlling.
  • 14. The what and why of planning Planning and performance  Formal planning is associated with positive financial results.  Quality of planning /implementation more important than the extent of it.  External factors can reduce the impact of planning on performance.  Planning performance relationship seems to be influenced by the planning time frame.
  • 15. Goals and plans • What is goals and plans? • What is the importance of analyses plans and goals? • Strategy of goals and plans
  • 16. Setting goals and Developing plans Approach of setting goal The downside of traditional goal setting 1.top management objective 2.Division manager objective 3.Department manager 4.Individual employees objective • what is management by objective (MBO)? • Steps in goal setting • What is developing plans?
  • 17. 1. What is contemporary issue in planning? 2. How Does National Culture Affect Managers decision Making? 3. Why Is Creativity Important in Decision Making? Contemporary issue in planning
  • 18. Managing leadership and influence process Ricky W. Griffin
  • 19. Characteristics of leadership 1.Leader must have followers. 2.It is working relationship between leader and followers. 3.Purpose is to achieve some common goal or goals 4.A leader influence his followers willingly not by force. 5.Leadership is exercised in a given situation. 6.Leadership is a power of relationship 7.It is a continuous process. Leadership Leadership is the ability to influence a group toward the achievement of goal. The Nature of Leadership
  • 20. Type of leadership i. Autocratic ii. Democratic iii. paternalistic etc. 20 The Nature of Leadership
  • 21. Generic approaches to leadership Traits of a Good Leader and behavior Traits of a good leader has many ways. such as  Honest Inspiring  Competent Intelligent  Forward looking Fair minded Leadership traits has three parts  Intelligence  Physical  Personality Leadership behavior Has two parts. such as Michigan studies (Rensis Likert) Ohio state studies
  • 22. 22 Situational approaches to leadership Situational Leadership is a style of leadership where leaders consider the readiness level of the team members they serve and the uniqueness of every situation. A theory of leadership that suggests that appropriate style of leadership varies with situational favorableness. A theory of leadership suggesting that the primary functions of a leader are to make valued or desired rewards available in the workplace and to clarify for the subordinate the kinds of behavior that will lead to those rewards LPC THEORY PATH GOAL THEORY
  • 23. 23 Situational approaches to leadership Path Goal theory of leadership Vrooms decision tree approach Predicts what kinds of situations call for different degrees of group participation Decision making style  Decide  Consult (individually)  consult (group)  Facilitate  Delegate The leader member exchange approach Stresses that leader have different kinds of relationship with different subordinates
  • 24. 24 Related Approach to leadership 1.Types Related Approach leadership. 2.what is Charismatic leadership? 3.Charismatic leadership's workforce. 4.Characteristics of Charismatic leadership. 5.Example of Charismatic leader. 6.what is substitutes for leadership? 7. What is Transformational leadership.
  • 25. Emergingapproachestoleadership Situational models assume that appropriate leader behavior varies from one situation to another it is caller situational approach of leadership. For instance, the “Tough Times, Tough Choices” feature illustrates how economic factors might influence leader behavior. The goal of a situational theory, then, is to identify key situational factors and to specify how they interact to determine appropriate leader behavior. In the following sections, we describe four of the most important and widely accepted situational theories of leadership. 1.The least-preferred coworker (LPC) theory, 2.the path-goal Theory 3.Vroom’s decision tree approach 4.The leader–member exchange (LMX) approach.
  • 26. 26 Political behavior in organization What is political behavior in organization? Those activities that influence or attempt to influence, the distribution of advantage and disadvantage within the organization. What types of political behavior used in a organization. • Inducement behavior. • persuasion behavior. • creation of an obligation. Advantage and disadvantage of political behavior??
  • 27. How does politics influence an organization? Politics lowers the output of an individual and eventually affects the productivity of the organization. 27 Political behavior in organization
  • 28. Basic elements of planning and decision making Ricky W. Griffin
  • 29. 29 Managing Decision Making 1. Decision Making: The act of choosing one alternative from among a set of alternatives. Decision making can refer to either a specific act or a general process. 2. Decision Making Process: The decision making process includes recognizing and defining the nature of a decision situation, identifying alternatives, choosing the “best” alternative, and putting it into practice. 3. Nature of Decision Making: 1. Goal-Oriented Process 2. Selection Process 3. Continuous Process 4. Art as Well as Science 5. Responsibilities of Managers 6. Positive as Well as Negative 7. Future Course of Action
  • 30. Rational perspectives on decision making Rational perspective on decision making Rational decision making is a multi -step process for making choices between alternative. The Classical Model of Decision Making Ideal method for how manages should make decisions. Steps in the Rational Decision-Making Process • Recognizing and Defining the Decision Situation • Identifying Alternatives: • Evaluating Alternatives • Selecting the Best Alternative • Implementing the Chosen Alternative • Following Up and Evaluating the Results
  • 31. 31 GroupandTeamDecisionMaking Organizations. Forms of Group and Team Making: There are three groups or teams. i. Interacting Groups or Teams. ii. Delphi Groups. iii. Nominal Groups Advantages of Group and Team Decision Making: Disadvantages of Group and Team Decision Making

Editor's Notes

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