Slide 1

INTRODUCTION TO PERSPECTIVE MANAGEMENT Vidya PanickerSession : 1Reference Texts :

1. Essentials of Management Koontz2. Principles and Practice of Management L. M. Prasad3. Principles of Management B. S. Moshal4. Principles of Management Tripathi & Reddy5. Management Jackson & Slocum6. Management V. S. P. Rao 7. Modern Management Certo 10th Edition

Importance of the subject for management studentsDefinition of Management , Role of Management Management Functions & various roles of a manager, Levels of Management Management Skills Evolution of Management (Science, Theory, Practice)Contributions of Taylor, Fayol (14 Principles of Management) , Contributions of Max WeberHawthorne experiments and Human RelationsDifferent Approaches to Management Scientific Approach, Social Systems, Human Behaviour, Contingency etc.Social Responsibility and EthicsSocial Responsibilities of businesses

A brief overview of the topics to be covered ..contd

Ethical Issues in Management Concept of Business Ethics, Corporate Governance (CG)Strategic Management and its elements, its relevanceThe Strategic Management Process, Classes of Decisions, Levels of decisionsThe Global Economy, Managing Globally , Cultural Forces, Political-Legal forces, Global Trade AgreementsTotal Quality Management (Technique of Controlling), Tools and Techniques of TQM

Management as a ProfessionProfession is an occupation for which specialized knowledge, skills and training are required.These skills are not meant for personal satisfaction but for the larger interests of the society.The success of the use of these skills is not measured only in money terms.

Profession is different from Occupation.

The characteristics of profession are :Existence of knowledgeAcquisition of knowledgeProfessional AssociationEthical codesService motive

Professional Approach in Management (not regulated by a professional degree)

Key considerations in professional management :Commitment to professionally defined knowledge and techniquesApplication of relevant modern management tools and techniquesTeam approach (not based on personal whims, prejudices etc)Preparedness to accept change (change management)Preference of competence rather than birth for movement in the organisational ladderOptimisation oriented decision making to optimize benefits to the organisationResponsiveness to the society and respect for national policies

SWOT ANALYSISthanks