2. Understanding I.M
Management as a science or art
Definition of I.M
Functions , development and scope
of I.M.
Applications of I.M.
Concept of productivity
3. Accomplishment of Goals
Effective utilization of resources
Sound organization
Providing vision and foresight
Harmony in work
Help and motivates employees in achieving
personal objectives.
Development of society and nation.
4.
5. Science is a systematized body of knowledge
pertaining to particular field of enquiry.
Contains concepts, hypothesis, theories and
principles to explain cause and effect
relationship between 2 or more factors.
Management is systematized body of
knowledge and the researchers uses scientific
techniques to collect and analyse data about
human cause and effect relationship.
Management is called as a science but its not a
perfect science
6. Art signifies the application of knowledge and
personal skills to brings out desired result.
Science is learnt, an art is practiced.
Science is to seek knowledge and art is to apply
knowledge.
Features of ART
Denotes personal Skills
Signifies practical knowledge
Helps in achieving concrete results
Creative in nature
7. Industrial management is an integration of
materials , machines and peoples to design ,
install and improve a company or an
industry.
Industrial management is a field of
engineering for effective use of input
resources in order to achieve higher
efficiency.
8. Organization and management methods.
Plant location and plant layout
Materials handling methods.
Methods engineering.
Time study
Production, planning and control.
Statistical quality control
Cost control
9. History can be traced to the industrial
revolution in England and other European
nations during 18th and 19th century.
Development of different schools of mgmt.
during industrial revolution, rise of factory
system, growth of trade unionism,
expansion of industrial trade, consumerism,
etc.
10. Robert Owen (1771-1858)
Charles Babbage (1792-1871)
Daniel C. McCallum
11. Not only applied to manufacturing sector
Ultimate aim to achieve greater
productivity and increase production.
Design and improvement of organisation
Design and improvement of methods
and procedures
Design and improvement of condition
12. Helps in development of the org. for achievement of
group goals.
Helps in finding out efficient and economical work
methods.
Helps to find out the economic lot size work required
during processing.
Helps in schedule of work.Tries to find out standard
performances.
Maintains discipline though control over the employees.
Keeps co-ordination among the staff at various levels.
Proper distribution of work and machines among the
workers to secure maximum output.
13.
14. Another definition widely acceptable and
commonly used productivity as the ratio of
output to input in a productive system´.
As per definition productivity can be improved
by either:-
Producing more output with the same inputs,
or
• Using lesser inputs to produce same output.
15.
16. Efficiency : It is the ratio of actual output
attained to the standard expected output.
Indicates how well the resources are utilised to
accomplish the targets or results.
Effectiveness: Degree of accomplishing the
objectives.
Productivity: The combined result or effect of
efficiencyand effectiveness