Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

introduction to management


Published on

Published in: Education, Business
  • Be the first to comment

  • Be the first to like this

introduction to management

  1. 1. WELCOME<br />
  3. 3. DhruvinDoshi- 5428 <br />Sahil Shah- 5435<br />MohitGoyal- 5401<br />Kiran Nair- 5436<br />RahulDhoka- 5439<br />Vishal Kachhdiya-5415<br />
  4. 4. Introduction To Management :<br /><ul><li>Management is, above all, a</li></ul> practice where science, art and<br /> crafts meet.<br /><ul><li>Applicable in all walks of life.
  5. 5. Management is like a “Master Key”</li></ul> to open all doors to success.<br /><ul><li>An organization without a manager</li></ul> is like a car without an engine. <br />
  6. 6. DEFINITIONS:-<br />Abedi Agha Hasan<br />“The conventional definition of management is getting work done through people, but real management is developing people throughwork” <br />
  7. 7. Stephen R. Covey <br />Management is efficiency in climbing the ladder of success<br />
  8. 8. Paul Hawken<br />“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.”<br />
  9. 9. Characteristics of Management :<br /><ul><li> Continuous Process.
  10. 10. Group Activity.
  11. 11. Result oriented.
  12. 12. Follows well established rules.
  13. 13. Flexibility.
  14. 14. Intangible.
  15. 15. Universally applicable.
  16. 16. Situational in nature.</li></li></ul><li>Functions of management<br />Planning<br />Organising<br />Controlling<br />Functions <br />Of<br />Management<br />Staffing<br />Co- ordinating<br />Directing<br />
  17. 17. Planning :<br />“PLANNING IS LOOKING AHEAD”<br /><ul><li> Planning is a mechanism for doing </li></ul> things In an orderly manner.<br /><ul><li> CONCEPTS OF PLANNING :-</li></ul>Determining the objectives.<br />Deciding the course of action.<br />Selecting the best course of action. <br />
  18. 18. Organizing :<br /><ul><li> Organizing is a tool which gives shape to </li></ul> business plan.<br /><ul><li> CONCEPTS OF ORGANIZATION :-</li></ul>It’s a group activity.<br />It’s a continuous process.<br />Delegates duties and authorities.<br />
  19. 19. Staffing :<br /><ul><li> Human factor is the most important factor in</li></ul> management.<br /><ul><li> CONCEPTS OF STAFFING :-</li></ul>Recruitment.<br />Development and training.<br />Motivating and rewarding.<br />
  20. 20. Directing :<br /><ul><li> It is an heart, soul and essence of management.
  21. 21. It involves instructing, guiding and inspiring</li></ul> people.<br /><ul><li> CONCEPTS OF DIRECTING :-</li></ul>Effective communication.<br />Effective leadership.<br />Maintaining discipline.<br />
  22. 22. Co- ordinating :<br /><ul><li> Establishes links between various department of</li></ul> organisation. <br /><ul><li>It provides unity of action in pursuit of common</li></ul> purpose.<br /><ul><li> Co- Ordination at different levels :-</li></ul>Top level co- ordinates activities of middle level.<br />Middle level co- ordinates activities of lower level.<br />Lower level co- ordinates activities of subordinates. <br />
  23. 23. Controlling :<br /><ul><li> Controlling is seeing that the actual performance </li></ul> corresponds to expected performance.<br /><ul><li> Controlling finds out deviation in plans and take</li></ul> corrective actions to assure realisation of plan.<br /><ul><li> Controlling involves three elements :</li></ul>Standards<br />Evaluation<br />Corrective action<br />
  24. 24. Management is an Art :<br />
  25. 25. <ul><li> Mary Parker Foilet , Harold Koontz and several </li></ul> other management authors called management<br /> as “The art of getting things done through people”.<br /><ul><li> Management is an art due to the following reasons :</li></ul>Result oriented.<br />Application and dedication.<br />Innovation.<br />Individual approach.<br />Initiative.<br />Intelligence.<br />
  26. 26. Management is a Science :<br />
  27. 27. <ul><li>F.W.Taylor, father of scientific management was</li></ul> perhaps the first person to consider management<br /> as a science.<br /><ul><li>Management is a social science
  28. 28. Management is a social science due to:-</li></ul>Systematic Decision Making<br />Output may vary, input being same.<br />Universally followed process.<br />Universally Accepted.<br />
  29. 29. Management is a Profession:<br />
  30. 30. <ul><li> Profession is an occupation carried by Professional like Lawyer ,C.A etc.
  31. 31. There is a debate whether management is </li></ul> profession. <br /><ul><li> Management and Profession has following </li></ul> similarity:-<br />Expert Knowledge.<br /> Specialization.<br /> Social Responsibilty. <br />
  32. 32. <ul><li> Management and profession DON’T have following</li></ul> similarities:-<br />Formal Education.<br />Code of Conduct.<br />Fees.<br />License.<br />Premises.<br /><ul><li> Thus we can say that management is partly </li></ul> Profession and partly Non Profession.<br />
  33. 33. Levels of Management:<br />
  34. 34. Top level Management:<br />
  35. 35. <ul><li>It performs administrative functions.
  36. 36. They are responsible for framing plan and policies</li></ul> of organisation.<br /><ul><li> The nature of work of this level is determinative.</li></ul> It is more administrative than managerial.<br /><ul><li> It requires creative skills.
  37. 37. It covers long span of period. It involves very few </li></ul> people.<br /><ul><li> It has Board of Directors, C.E.O, Chairman etc.</li></li></ul><li><ul><li> The main functions are:-</li></ul> Framing objectives of business<br />Taking decisions on important matters.<br />To establish long term plans.<br />Structuring the organisation<br />Providing leadership and direction to the company.<br />Reviewing and controlling finances.<br /> Assembling the resources needed to put the plans<br /> into operation.<br />
  38. 38. Middle level management:<br />
  39. 39. <ul><li>Different departmental heads are included a middle </li></ul> level management.<br /><ul><li>They receive orders and instructions from top level</li></ul> management.<br /><ul><li> It is more executory and managerial than </li></ul> administrative.<br /><ul><li> It requires pursuasive skills.
  40. 40. It covers intermediate range.</li></li></ul><li><ul><li> It functions are:-</li></ul>To interpret ,explain and communicate the policies<br /> of top management. <br />Operating performance is controlled and <br /> monitored by middle level management.<br />Encouraging,training and developing subordinates<br /> for higher productivity.<br />Preparing rules and regulation for lowest <br /> management . <br />
  41. 41. Lower level of <br />Management:<br />
  42. 42. <ul><li> Lower level of management is directly linked to </li></ul> routine work of firm.<br /><ul><li> The nature of work of this level is operative . It</li></ul> is more managerial than administrative. <br /><ul><li> It is link between management and workers.
  43. 43. It consists large number of persons.
  44. 44. It is easy evaluate its performance. It is concerned</li></ul> with short period. <br />
  45. 45. <ul><li> It’s functions are as follows:</li></ul> Planning day to day work.<br /> Carrying out instructions of middle level <br /> management.<br /> Alloting duties to workers, inspecting and <br /> supervising their work.<br /> Attending the problems of workers and making<br /> arrangement for their training and development.<br /> To maintain discipline.<br /> Create goodwill of the enterprise before workers.<br /> and ensure safety of workers, machinery and<br /> tools. <br />
  46. 46. Comparison with human <br />Body:<br />
  47. 47. Need for management:<br />
  48. 48. <ul><li> Higher efficiency
  49. 49. Corporate image/Goodwill/Reputation.
  50. 50. Team work.
  51. 51. Motivation.
  52. 52. Reduction in labour Turnover.</li></li></ul><li><ul><li> Better Relation
  53. 53. Growth and expansion.
  54. 54. Quality of worker’s.
  55. 55. Smooth flow of activities.
  56. 56. Less burden on superiors.
  57. 57. Mutual respect.</li></li></ul><li>Management approach:<br />
  58. 58. Old management <br />Approach:<br /><ul><li>Autocratic.
  59. 59. Lack of training.
  60. 60. No social responsibility.
  61. 61. No participation in management by employees.
  62. 62. Negative attitude towards workers.</li></li></ul><li>New management approach:<br /><ul><li>Emphasis on social responsibility.
  63. 63. Proper training.
  64. 64. Delegation of authority.
  65. 65. Workers participation in management.</li></li></ul><li>New Management Trends: <br /><ul><li>Professional management.
  66. 66. Disaster management.
  67. 67. Event management.
  68. 68. Total quality management.</li></li></ul><li>Professional management:<br />
  69. 69. Imporatance:<br /> It helps to develop innovative ideas.<br /> It facilitate team work.<br /> Ensures optimum use of resources.<br /> Generates higher efficiency.<br />
  70. 70. Disaster management:<br />
  71. 71. Importance:<br />It helps in averting disaster.<br />It helps to manage disaster.<br />It undertakes various relief measure.<br />
  72. 72. Event management:<br />
  73. 73. Importance:<br />It facilitates proper planning of the event.<br />It enables proper organizing of resources.<br />It helps in managing the promotion of the event.<br />It enables follow up activities relating to the event. <br />
  74. 74. Total quality management:<br />
  75. 75. Importance:<br /> It generates satisfaction.<br /> It helps produce defect free product.<br /> It facilitates optimum use of resources.<br /> It developsteam work in the organization<br />
  76. 76. Case study:<br />
  77. 77. Warren Buffet:<br />“In the business world, the rearview mirror is always clearer than the windshield.”<br />
  78. 78. Guru:<br />“VILLAGER<br />VISIONARY<br />WINNER”<br />
  79. 79. Nature’s Management:<br />