BUSINESS

Literary means the state of being busy

All those activities which are related to the production and distribution of the goods and services with the objective of earning profit

ORGANIZATION

A systematic arrangement of people to accomplish some

specific purpose

CHARACTERISTICS OF ORGANIZATION Distinct purpose(Goals) People Systematic structure defining

limits and behavior of its members

DistinctPurpose

People

Systematicstructure

ORGANIZATIONAL LEVELS Operatives: People who work

directly on a job or task and have no responsibility for overseeing work of others

Managers:Individuals in an organization who direct the activities of others

First line managers:Supervisors,the lowest level of management

ORGANIZATIONAL LEVELS Middle managers:All levels of

management between supervisory and top managers

Top managers:Managers who are responsible for making decisions and setting the policies that affect all aspects of organization

ORGANIZATIONAL LEVELS

TOP MANAGERS

Middle Managers

First Line managers

Operatives

MANAGEMENT

The process of getting activities completed efficiently and effectively with and through people

ORGetting the work done by people in effective and efficient manner

Efficiency Relationship between inputs and

outputs Inputs are: money,material,people

etc Efficient use of resources Minimizing resource cost Less inputs more out= more efficient Low wastage

Effectiveness Getting activities completed Goal attainment It is concerned with the ends

Management Functions Planning:Includes defining

goals,establishing strategies and developing sub-plans to coordinate activities

Organizing:Determining what tasks are to be done,who is to do them,how it will be done

Management Functions Leading:Includes motivating

subordinates,directing others and resolving conflicts

Controlling: Monitoring activities to ensure that they are accomplished as planned and taking corrective actions

Management Functions

Lead to

Planning Organizing Leading controlling AchievingOrganization’sStated purpose