PRINCIPLES AND PRACTICE OF MANAGEMENT

References BooksPPM- L M PRASAD - Kumkum Mukherjee - P C Tripathi - P N Reddy - Richard L Daft - Stephen Covey ( Scope of Mgt.)

BASIC CONCEPTS OF MANAGEMENT

BASIC CONCEPTS OF MANAGEMENT

Management as a discipline, 2. Management as a group of people, and 3. Management as a process
1.

BASIC CONCEPTS OF MANAGEMENT

1. Management as a discipline Management can be treated either as an art or science, the two basic & broad disciplines. Management prescribes various principles & how these principles can be applied in managing an organization, it has the orientation of both, Science & art.

BASIC CONCEPTS OF MANAGEMENT

2. Management as a group of people Management as a group of people in which we include all those personnel who perform managerial functions in organizations. For example, relationship between management & labour, we refer to two distinct groups of personnel in the organization. In the first category, who are responsible for managerial functions & in the second category, nonmanagerial personnel.

BASIC CONCEPTS OF MANAGEMENT

3. Management as a process A process can be simply be defined as systematic method of handling activities. The total activities of an organization can be divided into two groups: Operational & Managerial activities.
Historically, four such orientations have been

adopted in defining management process: 1. Production- or efficiency- oriented, 2. Decision-oriented, 3. People-oriented, & 4. Function- oriented.

BASIC CONCEPTS OF MANAGEMENT

1. Production- or efficiency- oriented-

Management is the art of knowing what you want to do & then seeing that it is done in the best & cheapest way. This definition emphasizes relationship between efforts & results.

BASIC CONCEPTS OF MANAGEMENT

2. Decision-oriented Management is simply the process of decision making & control over the action of human beings for the expressed purpose of attaining predetermined goals. The decision-oriented definition of management indicates that the basic activity of a manager is to make decisions & enforce these decisions.

BASIC CONCEPTS OF MANAGEMENT

3. People-oriented Management is the accomplishment of results through the efforts of other people.

BASIC CONCEPTS OF MANAGEMENT

4. Function- oriented Management is a process involving planning, organizing, staffing, directing & controlling human efforts to achieve stated objectives in an organization.

Definition of Management

The term Management refers to the process of getting things done, effectively and efficiently, through and with other people. By Stephen P Robbins.

Definition of Management
Management can be defined as a set of activities ( including Planning, Decision Making, Organizing, Leading and Controlling) directed at an organizations resources (human, financial, physical and informational) with the aim of achieving the organizational goals in an efficient and effective manner. Reference BookPrinciples of Management Author- Kumkum Mukherjee

Definition of Management

Art of getting things done through people. By Mary Parker Follett. Reference BookPrinciples of Management Author- P C Tripathi P N Reddy

Definition of Management
Management as a process, consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objectives by the use of people and resources. By George R Terry. Reference BookPrinciples of Management Author- P C Tripathi P N Reddy

Definition of Management

Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading and controlling organizational resources.
Reference BookPrinciples of Management Author- Richard L Daft

Definition of Management

Management is the creation and maintenance of an internal environment in an enterprise, where individuals, working together in groups can perform efficiently and effectively towards the attainment of group goals. Reference BookPrinciples of Management Author- Richard L Daft

SCOPE AND NATURE OF MANAGEMENT

SCOPE OF MANAGEMENT
i. Production Managementa. designing the product, b. location and layout of plant & building, c. planning and control of factory operations, d. operation of purchase and storage of materials, e. repairs and maintenance, f. inventory cost and quality control, g. R & D, etc.

SCOPE OF MANAGEMENT
ii.

Personnel ManagementSelection, Training, Performance Appraisal, Promotions and transfers, Compensation, Employee Welfare Services, & Personnel records and Research, etc.

a. Manpower Planning, b. Recruitment, c. d. e. f. g. h. i.

SCOPE OF MANAGEMENT
iii. Financial Managementa. Selecting the appropriate source of funds, b. Raising the required funds at the right time, c. Estimating the volume of funds.

SCOPE OF MANAGEMENT
iv. Marketing Managementa. Marketing research to determine the needs and expectation of consumers, b. Planning and developing suitable products, c. Selecting the right channel of distribution, and d. Promotional activities like advertising and salesmanship to communicate with the customers.

NATURE OF MANAGEMENT
Intangible Force Universal Process

Science & Arts

Intiegrative Process

MultiDisciplinary discipline Social Process

Dynamic Functions

LEVELS OF MANAGEMENT

TOP MGT

MIDDLE MGT

LOWER MGT

TOP MANAGEMENT
Top Management is the ultimate source of authority. It establishes goals & policies for the enterprise. It devotes more time on the planning & coordinating functions. It includes Board of Directors, Managing Directors, General Manager, etc.

MIDDLE MANAGEMENT
It generally consists of heads of functional departments. e.g. Production Manager, sales manager, Office Superintendent, Branch Manager, etc. They receive orders & instructions from top mgt.& get the things done through lower level mgt. They devote more time on the motivational functions of mgt.

LOWER MANAGEMENT
Its direct contact with the workers. It includes Supervisors, officers, Forman, Clerk. It is directly concerned with the control of the performance of the operative employees, under the instruction from middle level managers. They devote more time on the supervision of the workers. They are responsible for building high morale among workers.

THANK YOU