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Unit 1- Basics of Management Cha. of Magmt
- 1. UNIT:1 BASICS OF MANAGEMENT By: Mr. Nilesh Kumbhar 1
- 2. What we willlearn: Definition Of Management, Characteristics Of Management, Managerial Skills , Different Levels of Management, Structure , Function of management , Scientific Management- Contribution of F. W. Taylor, Henry Fayol, Forms Of Ownerships – Partnership, Proprietorship, Joint Stock, Co- Operative Society, Govt. Sector Etc, Concept Of Globalization 2
- 3. What is Management? Science Art Art+ Science 3
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- 5. Definition by ManagementGurus According to Harold Koontz and Heinz Weihrich: Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. According to Robert L. Trewelly and M. Gene Newport: Management is defined as the process of planning, organizing, motivating and controlling an organization's operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives. 5
- 6. Definition by ManagementGurus According to Kreitner : “Management is the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in the changing environment. According to George R Terry: Management consists of planning, organising, actuating and controlling, performed to determine and accomplish the objectives by the use of people and resources. 6
- 7. Characteristics of GoodManagement: Management is a goal-oriented process Management is all pervasive Management is multidimensional (Mgmt of Work, People and Operations) Management is a continuous process Management is a group activity Management is a dynamic function Management is an intangible force 7
- 8. Characteristics of GoodManagement 8 Management is a goal- oriented process Management is all pervasive Management is multidimensional (Mgmt of Work, People and Operations)
- 9. Characteristics of GoodManagement 9 Management is a continuous process Management is a group activity
- 10. Characteristics of GoodManagement 10 Management is a dynamic function Management is an intangible force
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- 15. Marketing Manager ,Purchase Head , Sales Manager , Operations Manager, Branch Manager, Finance Manager, And similar other designations Supervisor , Foreman , Clerk , Junior Managers Inspectors , Sub-department executives Chief Executive Officer , Chief Marketing Officer , Chief Sales Officer, Chief Technology Officer, President, Managing Director, Vice-president , Chief Operating Officer, And a few other designations Level of Management MIDDLE LEVEL LOWER LEVEL TOP LEVEL 15
- 16. TOP LEVEL Role & Responsibilitiesof TOP Level Management Setting up objectives and broad policies of the business enterprise. Issuing necessary instructions for the preparation of department Establishing controls of all organizational departments. Providing overall guidance, direction, and encouraging harmony and collaboration Responsible for welfare and survival of the organization 16
- 17. Role & Responsibilitiesof MIDDLE Level Management Interpret the policies to lower management Taking decisions regarding the number of personnel in the department. Assigning duties and responsibilities to employees in their department Convey suggestions and grievances of the supervisory level to the top level To act as a link between the lower level and the management. MIDDLE LEVEL 17
- 18. Role & Responsibilitiesof LOWER Level Management Providing on the job training to the workers Ensuring the good performance of the workers Giving feedback to the workers Influence others to work more by setting an example Act as a link between the management and the workers LOWER LEVEL 18
- 19. Management Structure Whatis Mean by Management Structure? Why Management Structure is Important ? Is Management Structure Same for all Organizations? What are Different types of Management Structures? 19
- 20. Five common approaches— Functional Divisional Matrix Team Networking Types of Management Structure 20
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- 26. Planning It specifies theobjective to be achieved It decides steps required to achieve them Bridges the gap between the initial point to the destination to reach. 26
- 27. Organizing Reviews the activities andresources needed to be applied Grouping various activities Establishing authority, and allocating resources necessary to attain the specific plan. 27
- 28. Staffing Staffing refers tothe process of hiring Development of human resources. Right qualification at the right places 28
- 29. Directing Ensures that the membersof an organization work efficiently and effectively It involves leading, influencing, instructing, guiding, and inspiring 29
- 30. Controlling It monitors the organisational performance Itenables the manager to detect errors and defects It also provides proper direction to work in conformity with the plan of action 30
- 31. F.W.Taylor 1. Science, notthe Rule of Thumb 2. Scientifically train employees. 3. Ensure most efficient ways of working are used. 4. Divide work between managers and workers 5. Pay based on results. 31
- 32. Henry Fayol Division ofWork Authority and Responsibility Discipline Unity of Command Unity of Direction Subordination of Individual Interest Remuneration Centralization Scalar Chain Order Equality Stability Initiative Esprit de Corps (Motivate) 32
- 33. Business Ownerships Startinga business in India requires you to choose a specific business structure. You can look over these five legitimate Business ownerships in India. 33
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- 37. Limited Liability Company(LLC) 37
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