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Principles Of
Management
Prescribed text book
Management: A global perspective 10th edition Heinz WeihrichHarold Koontz
SyllabusChapters 1-2 5-12 16-18 20-21 Total = 15 Chapters
No.of periods available :10
Principles Of Management
EvaluationInternal 50• Quizzes 10• Assignment 10• Class participation 05• Attendance• Midterm test 25External 50 • Total 100• Pass Percentage 50%TERM WORKLOADQuizzes 2 (1 each before & after Mid Term)Assignments 2 (1 each before & after Mid-Term)Mid term test 6th Week 19 OctTerminal Exam 11th Week 30 NovAttendance A minimum of 7 classes must be attended.
Sessional Marks
Will be announced before Terminal Exam.
Mid Term TestWill be of one hour duration, and will be followed by lecture.
Terminal ExamWill be of 3 hours duration containing approx 14 questions of which at least 9 will have to be attempted.
Management
One of the most important activities of human beings.
It is an art.
It can be learnt.
Management
Definintion1Manipulation of resources to achieve objectives
Resources:4Ms
Men
Material
Money
Machine
Management
Definition.2
The process of getting activities completed efficiently and effectively with and through other people.
Management
Definition 3
It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.
Management
Definition 4
Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.
Management
Definition 5 The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources.
PRINCIPLESIn management, principles are fundamental truths.
TECHNIQUES
Techniques are essentially ways of doing things.
EFFECTIVENESSTo achieve objectives within the available resources
EFFICIENCY
To achieve objectives at the least cost of resources.
ORGANIZATION
It is a deliberate arrangement of people to accomplish some specific purpose.
Characteristics of an organization
• Distinct Purpose• Deliberate Structure• People
INPUTS
• Human
• Capital
• Managerial Skills
• Technological Application
OUTPUTS
• Products
• Services
• Satisfaction
• Goal Achievement
• Profits
STAKE HOLDERS
• Owners
• Employees
• Consumers
• Suppliers
• Stock Holders
• Government
• Community
Managing systems
SystemIs a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole.
• Closed system• Open system
Closed System
System that is not influenced by or does not inter- act with its environment.
Open systemSystem that is dynamic and interacts with its environment.
Universality of Management
The reality that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational areas and in organizations in all countries of the world.
Functions Of Management
• Planning• Organizing• Staffing• Leading• Controlling
PLANNING
Is defining goals, establishing strategy to meet them, establish plans to coordinate activities.
ORGANIZING
Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made.
STAFFING
Having determined what tasks are to be done, deciding how many are required to do the tasks and who is going to do what.
LEADING
Motivating and directing, selecting most effective communication channels and resolving conflicts.
CONTROLLING
Measuring and correcting individual and organizational performance to keep them as planned.
FUNCTIONS OF MANAGERS
• Planning• Organizing• Staffing• Leading• Controlling
MANAGERIAL SKILLS
• Conceptual • Design• Human• Technical
CONCEPTUAL SKILLS
Ability to see the ‘big picture’, to recognize and understand significant elements in a situation.
DESIGN SKILL
Ability to solve problems that will benefit enterprise. Also ability to design a workable solution to the problems and to avoid them in future.
HUMAN SKILLS
Ability to work with people.
Creation of an environment in which people feel secure and free to express their opinions.
TECHNICAL SKILL
Knowledge of and proficiency in activities involving methods, processes and procedures.
LEVELS OF MANAGEMENT
3
Top Level Management
Middle Level
First-Line
Workers
2
1
4
Levels Of Management
Top level (Top Managers)
Responsible for making decisions and setting policies that affect all aspects of organization.
Middle level (Middle level Managers)Responsible for working out strategies and plans to implement decisions and policies made by top level managers.
FIRST LINE LEVEL (Supervisors)
Responsible for ensuring work is done according to plans.
WORKERS(Operatvies)
People who work directly on a job or task and have no responsibility for work of others.
MANAGERIAL SKILLS
First Line Technical
Design / Human Skills
Conceptual / Design
Middle
Top Level
MANAGERIAL FUNCTIONS45
25
205
35 30
20 15
5
1530
50
TOP
MIDDLE
FIRST
Plan Org Ldg Con
MANAGERIAL ROLES
• Interpersonal• Informational• Decisional
INTER PERSONAL ROLE
• Figurehead• Leader• Liaison
INFORMATIONAL ROLE
• Monitor• Disseminator• spokesperson
DECISIONAL ROLE
• Entrepreneur• Disturbance Handler• Resource Allocator• Negotiator
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