Management is the organizational process that includes strategic planning, setting objectives, managing resources,deploying the human and financial assets needed to achieve objectives, and measuring results. Management also includes recording and storing facts and information for later use or for others within the organization.
Management is the organizational process that includes strategic planning, setting objectives, managing resources,deploying the human and financial assets needed to achieve objectives, and measuring results. Management also includes recording and storing facts and information for later use or for others within the organization.
Historical Background on Management TheoryLisa MacLeod
The theories and the underlying aspects which have determined our current management and leadership systems and processes have gone through several changes and developments for centuries. Those who have been actively involved in determining the processes required to achieve a common goal between employers and employees have incorporated both studies of management as a science and management as an art. Do you know why you do what you do?
Neo classical theories and comparison of Classical vs neo classical theoryErTARUNKASHNI
DEFINITION NEO CLASSICAL THEORY
HISTORY OF NEO CLASSICAL THEORY
INTRODUCTION TO NEO CLASSICAL THEORY
HAWTHORNE STUDIES
FEATURES OF NEO CLASSICAL THEORY
ELEMENTS OF NEO CLASSICAL THEORY
COMPARISON OF CLASSICAL VS NEO CLASSICAL THEORY
Historical Background on Management TheoryLisa MacLeod
The theories and the underlying aspects which have determined our current management and leadership systems and processes have gone through several changes and developments for centuries. Those who have been actively involved in determining the processes required to achieve a common goal between employers and employees have incorporated both studies of management as a science and management as an art. Do you know why you do what you do?
Neo classical theories and comparison of Classical vs neo classical theoryErTARUNKASHNI
DEFINITION NEO CLASSICAL THEORY
HISTORY OF NEO CLASSICAL THEORY
INTRODUCTION TO NEO CLASSICAL THEORY
HAWTHORNE STUDIES
FEATURES OF NEO CLASSICAL THEORY
ELEMENTS OF NEO CLASSICAL THEORY
COMPARISON OF CLASSICAL VS NEO CLASSICAL THEORY
Management is the art of securing maximum results with a minimum of effort so as to secure maximum prosperity and happiness for both employer and employee and give the public the best possible service.
~John Mee
Frederick W. Taylor (1856-1915)
Father of “Scientific Management.
attempted to define “the one best way” to perform every task through systematic study and other scientific methods.
believed that improved management practices lead to improved productivity.
Three areas of focus:
Task Performance
Supervision
Motivation
Scientific management incorporates basic expectations of management, including:
Development of work standards
Selection of workers
Training of workers
Support of workers
3. CONCEPT OF MANAGEMENT
The term management is used in three
alternative ways:
1. Management as a discipline
2. Management as a group of people
3. Management as a process
4. Management defined…
“Management is the art of getting things done through and
with people in formally organized groups” - Harold Koontz
“To manage is to forecast and plan, to organize, to
command, to coordinate and control”
- Henry Fayol
“ Management is concerned with the systematic
organization of economic resources and its task to make these
resources productive”
- Peter F Drucker
6. Nature of Management
☺ Multidisciplinary
☺ Dynamic Nature of Principles
☺ Relative, not Absolute Principles
☺ Management: Science or Art
☺ Management as Profession
☺ Universality of Management
7. IMPORTANCE OF MANAGEMENT
Effective Utilization of Resources
Development of Resources
To incorporate Innovations
Integrating various Interest Groups
Stability in the Society
Handling Difficulties
Economy and Efficiency
8. FUNCTIONS OF MANAGEMENT
WRITERS
Henry Fayol
Luther Gulick
Lyndall Urwick
Ralph Davis
E.F.L Brech
Koontz and O’Donnell
FUNCTIONS
.
Planning, Organizing, Commanding,
Coordinating, Controlling.
POSDCORB
Planning, Organizing, Commanding,
Coordinating, Communicating,
forecasting, investigating.
Planning, Organizing, Controlling
Planning, Organizing, Motivating,
Coordinating, controlling
Planning, Organizing, staffing,
leading, controlling.
10. TAYLOR’S SCIENTIFIC
MANAGEMENT
Scientific Management concept was
introduced by Frederick Winslow Taylor in
USA in the beginning of 20th century.
“ Scientific Management is concerned
with knowing exactly what you want men to
do and then see in that they do it in the best
and cheapest way.”
11. ELEMENTS AND TOOLS OF SCIENTIFIC
MANAGEMENT
1.
2.
3.
4.
5.
6.
7.
8.
Separation of Planning and Doing.
Functional Foremanship.
Job Analysis.
Standardization.
Scientific Selection and Training of Workers.
Financial Incentives.
Economy.
Mental Revolution.
25. MAYO’S HAWTHORNE EXPERIMENTS
The Hawthorne plant of Generic Electric
Company, Chicago, was manufacturing telephone
system bell.
It employed about 30,000 employees at the time
of experiments.
A team was constituted led by Elton Mayo
(Psychologist) to investigate the causes of
dissatisfaction among the employees.
26. FOUR PHASES OF HAWTHORNE
EXPERIMENTS
1. Illumination Experiments (1924-27)
2. Relay Assembly test room experiments
(1927-28)
3. Mass interviewing programme (1928-30)
4. Bank Wiring Observation Room
Experiments (1931-32)
28. CRITICISMS
The Hawthorne researchers did not give
sufficient attention to the attitudes that people bring
with them to the work place.
The Hawthorne plant was not a typical plant
because it was a thoroughly unpleasant place to
work.
They assume acceptance of management’s goals
and look on the worker as someone to be
manipulated by management.
29. MASLOW’S THEORY OF HUMAN
NEEDS
The behavior of an individual at a
particular moment is usually determined
by his strongest need.