Ms unit i

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Ms unit i

  1. 1. MANAGEMENT SCIENCE PREPARED BY Prof.N.Prasanna Balaji
  2. 2. UNIT-I Introduction to Management
  3. 3. INDEX UNIT 1 PPT SLIDES <ul><li>S.NO. TOPIC LECTURE NO. </li></ul><ul><li>Introduction to Management L1 </li></ul><ul><li>Concepts of Management of Organiztion L2 </li></ul><ul><li>importance L3 </li></ul><ul><li>Taylor’s Scientific L4 </li></ul><ul><li>FUNCTIONS OF MANAGEMENT L5 </li></ul><ul><li>Fayol’s Principle of Management L6 </li></ul><ul><li>Mayo’s Hawthorne Experiments L7 </li></ul><ul><li>Maslow’s theory of Human NeedsS L8 </li></ul>
  4. 4. DEFINITION <ul><li>H enri Fayol(1916):To manage is to forecast and plan ,to organize, to command, to coordinate and control </li></ul><ul><li>Peter. F. Drucker(1955):Management is concerned with the systematic organization of economic Resources and its task is to make these resources productive. </li></ul>
  5. 5. Nature and Features <ul><li>Management is a social process </li></ul><ul><li>It also denotes a ‘a body of people’ involved in decision making </li></ul><ul><li>It is inexact science </li></ul><ul><li>It is an art and also science </li></ul><ul><li>It is profession </li></ul><ul><li>It is inter-disciplinary </li></ul><ul><li>It is complex </li></ul>
  6. 6. IMPORTANCE <ul><li>It facilitates the achievements of goals through limited resources </li></ul><ul><li>It ensures smooth sailing in case of difficulties </li></ul><ul><li>It ensures continuing in the organization </li></ul><ul><li>It ensures economy and efficiency </li></ul><ul><li>It focus on group efforts </li></ul><ul><li>It is the key to the economic growth </li></ul>
  7. 7. Taylor’s Scientific Management Theory <ul><li>F.W.Taylor –Father of Scientific Management </li></ul><ul><li>Taylor demonstrated the benefits of increased productivity and earnings through an experiment at “Bethlehem Steel Works”. </li></ul>
  8. 8. FUNCTIONS OF MANAGEMENT <ul><li>According to Luther Gullick </li></ul><ul><li>P-----Planning </li></ul><ul><li>O------Organizing </li></ul><ul><li>S-----Staffing </li></ul><ul><li>D----Directing </li></ul><ul><li>Co---Coordinating </li></ul><ul><li>R---Reporting </li></ul><ul><li>B---Budgetting </li></ul>
  9. 9. Fayol’s Principle of Management <ul><li>Henri Fayol contributed 14 principles to management </li></ul><ul><li>Division of Work </li></ul><ul><li>Authority </li></ul><ul><li>Discipline </li></ul><ul><li>Unity of command </li></ul><ul><li>Unity of direction </li></ul><ul><li>Subordination of individual interest to group interest </li></ul>
  10. 10. Fayol’s Principle of Management <ul><li>7 . Remuneration </li></ul><ul><li>8.Centralization of authority </li></ul><ul><li>9.Scalar chain </li></ul><ul><li>10.Order </li></ul><ul><li>11.Equity </li></ul><ul><li>12.Stability of tenure of personnel </li></ul><ul><li>13.Initiative </li></ul><ul><li>14.Espirit de corps (Team work) </li></ul>
  11. 11. Mayo’s Hawthorne Experiments <ul><li>Mayo known for his famous experiment at Hawthorne plant of the western electric company, Chicago, USA, for evaluating the attitudes and Psychological reaction of workers on the job situations. </li></ul>
  12. 12. Maslow’s theory of Human NeedsS <ul><li>According to him humans have 5 needs </li></ul><ul><li>Physiological needs </li></ul><ul><li>Safety needs </li></ul><ul><li>Affiliation or acceptance needs </li></ul><ul><li>Esteem needs </li></ul><ul><li>Self-actualisation needs </li></ul>
  13. 13. Douglas McGregor’s Theory X and Theory Y <ul><li>Theory X: Assumptions </li></ul><ul><li>Employees are lazy </li></ul><ul><li>They require constant guidance and support </li></ul><ul><li>Some times they require even coersion and control </li></ul><ul><li>Given an opportunity they would like to avoid responsibility </li></ul><ul><li>They do not show any ambition but always seak security </li></ul>
  14. 14. Theory Y <ul><li>Assumptions : </li></ul><ul><li>Some employees consider work as natural as play as rest </li></ul><ul><li>They employees are capable of directing and controlling performance on their own. They are much committed to objectives of the organization. </li></ul><ul><li>Higher rewards make these employees more committed to organization. </li></ul><ul><li>Most of them are highly imaginative, creative, and display ingenuity in handling organizational issues. </li></ul><ul><li>Give an opportunity , they not only accept responsibility but also look for opportunities to out perform others. </li></ul>

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