principles of management- lecture 1
DESCRIPTION
MBA Management SlideTRANSCRIPT
![Page 1: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/1.jpg)
1Alauddin M A Wadud
INTRODUCTION to
MANAGEMENT
![Page 2: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/2.jpg)
2Alauddin M W Wadud
What is Management ?
A set of functions directed at the efficient and effective uses of resources in the
pursuit of Organizational goals.
![Page 3: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/3.jpg)
3Alauddin M A Wadud
Efficient
Using resources wisely and in a cost effective manner.
EffectiveMaking right decisions and
successfully implementing that.
![Page 4: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/4.jpg)
4Wadud
OrganizationA collection of people working together to achieve Organizational Goal.
Goal
Desired outcome that an Organization istrying to achieve in future.
![Page 5: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/5.jpg)
5Wadud
Resources
■Men and Women■Materials■Machines■Methods■Money■Market
![Page 6: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/6.jpg)
6Wadud
Men & WomenMaterialsMachinesMethodsMoney
Markets
Goal
Planning
ControlOrganizin
g
Leading
![Page 7: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/7.jpg)
7Wadud
Should We Study Management?
![Page 8: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/8.jpg)
8Wadud
Principles of Management
![Page 9: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/9.jpg)
9Wadud
What is Principles ?Fundamental Statement providing
Guidelines to action.
A table of Materials- Experience
![Page 10: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/10.jpg)
10Wadud
Characteristics of Good Management
• Should be practical• Relevant to the Organizational Structure• Consistent• Flexible
![Page 11: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/11.jpg)
11Wadud
Kinds of Manager
• Classifications based on Levels• Classifications based on Areas
![Page 12: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/12.jpg)
12Wadud
Classifications of Manager- Level wise
• Top Level Managers• Middle Level Managers• First Line Managers
![Page 13: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/13.jpg)
13Wadud
Top Managers
Middle Managers
First-line Managers
Non-manager
Three Levels of Management
![Page 14: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/14.jpg)
14Wadud
Top Level Managers
Basic Functions :
• Establish Organizational Goal.• Decide overall strategy.• Decide operating policies.• Diversification decisions.
![Page 15: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/15.jpg)
15Wadud
Middle Managers
Basic Functions:
• Implementing policies, plan decidedby the Top level managers.• Coordinate the activities of Lower levelmanagers.• Supervise/monitor activities of Lowerlevel managers.
![Page 16: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/16.jpg)
16
First Line Managers
Basic Functions:
• Supervise/monitor activities of operating employees.• Coordination with the operatingemployees.
![Page 17: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/17.jpg)
17Wadud
Classification of Managers- Area wise
• Marketing Manager.• Finance Manager.• Production Manager.• Administrative Manager.• IT Manager.• Human Resource Manager.
![Page 18: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/18.jpg)
18Wadud
Basic Management Function
• Planning• Organizing• Leading • Controlling
![Page 19: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/19.jpg)
19Wadud
Four Functions of Management
PlanningChoose
Goals
OrganizingWorking
together
Leading
Coordinate
ControllingMonitor & measure
![Page 20: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/20.jpg)
20
Planning
• Setting Goals.
• Decide how best to achieve Goals.
Selecting a course of actions from a set of alternatives.
![Page 21: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/21.jpg)
21Wadud
Organizing
Grouping activities and resources ina logical fashion.
Allocating resources as needed.
![Page 22: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/22.jpg)
22Wadud
Leading
A set process used to get members of the Organizations working together to the interestof the Organization.
![Page 23: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/23.jpg)
23Wadud
Controlling
• Monitor activities.• Coordinate actions.• Provide Feedback.• Performance appraisal.• Give corrections.• Reward and Punishment.
![Page 24: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/24.jpg)
24Wadud
Management - Science or Arts ?
![Page 25: Principles of Management- Lecture 1](https://reader030.vdocuments.site/reader030/viewer/2022020102/563dba44550346aa9aa4220f/html5/thumbnails/25.jpg)
25
See U in the next Class !!
till then bye …..