Introduction to Management MEHUL

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Introduction To

Management

Submitted by :

MEHUL PRAJAPATI

SEC.: B

ROLL NO. : 21

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SUBMITTED TO :

PROF. JAIDEEP BANERJEEUNITEDWORLD SCHOOL OF BUSINESS

AHMEDABAD


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INTRODUCTION TO MANAGEMENT

Organization is a group of people who areestablish relationships maintain and sustainfor longtime to achieve a common GOAL.

Management is a art of getting effective

work from people.

MANAGEMENT IS MANAGING MAN TACTFULLY .

MANAGEMENT is not a group of people, itis a process of managing inputs in a mosteffective manner to generate maximum

outputs to achieve GOAL of organization. 3


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MANAGEMENT

Fayol was studying mgt. theory. Hetreated mgt. as an art of taking effectivework from people. His main focus on TOPMgt.He is also called FATHER OFADMINISTRATIVE Mgt. THEORY.He worked

a monograph which was converted into abook GENERAL &ADMINISTATION in 1914.

HE SUGGESTED :

MANAGERIAL SKILLS

MANAGEMENTFUNCTION

MANAGEMENT PRINCIPLE

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TECHNICALACCOUNTINGSECURITY

FINANCIALADMINISTRATIVE

PLANNINGORGANIZINGLEADING /

DIRECTIOCONTROLLING

1. DIVISION OF WORK2. UNITY OF COMMAND3. UNITY OF DIRECTION4. REMUNIRATION

5. SCALAR CHAIN6. AUTHORITY &

RESPONSIBILITY7. STABILITY OF TENURE8. DISCIPLINE9. CENTRALIZATION

10.INITIATIVE11.TEAM WORK12.ORGANIZATION

INTEREST13.ORDER14.EQUITY

FAYOL SUGGESTED : (FAYOL ADMINISTRATIVE MANAGEMENT cont)

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F.W.TAYLORS SCIENTIFIC MANAGEMENT

FEDRIC Taylorwas management scientist, working in MIDVAVE

STEEL PLANT ( USA ).

HE treated mgt. as a science-his main focus was on BOTTOMLEVEL MGT.He wanted every bottom manager to learn to do work in (1) least

possible time and (2) Least possible cost.He also wanted to apply science and scientific principle in mgt..he

suggested that these should be one best way Of doing things.

Features :

Time & motion studyIncentives (piece rate wages system)

Separate planning & doing


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SCIENTIFICMANAGEMENT (cont)

Concept of functional foremanship :Scientific selection & trainingStandardizationJob analysis

Limitation of Taylor mgt. :

Time study not easyIncentives ( money) not motivated to everybody.There is no one best way ( method) of doing things.- there are multiple

ways.


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PROCESS OF MANAGEMENT

PLANNING

ORGANIZING

LEADING / DIRECTING

CONTROLLING

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MANAGEMENT IS POSDCoRB.


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PLANNINGPLANNING IS thinking in advance for future what is to be done,how it is to be done,whowill do it,when & where future activites to bedone ?

Planning is the bridge between present

and future.Planning is decreasing fear, uncertainty,problem, assumption and risk of the future.

Planning is making and using ofassumption,selection and relation of facts inthe visualisation and formalisation of thefuture activity to achieve GOAL ofor anization.

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PROCESS OF PLANNING

IDENTIFICATION OFPROBLEM

IMPLEMENTATION/EVALUATION/FEEDBACK OF PLAN

PLANNING PREMISES

SPECIFIC OBJECTIVES

PERCEPTION OF OPPORTUNITY

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1 2

3 4

CONTROLABLE

NCONTROLABLE

EXTERNAL INTERNAL

PLANNING PREMISESS DIAGRAM

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EXAMPLE OF PLANNING :THE FIRM WHICH PLANNED TO INVEST MONEY IN THE CHEMICAL INDUSTRY,

MAY SET AN OBJECTIVE BECOMING NO.1 IN THAT INDUSTRY IN 4 YEAR.

PRESENT DIRECTIONPRESENT DIRECTION

FUTUREDIRECTION

ABSENCE OFFOCUSABSENCE OFCLARITYWRONGDIRECTIONRESOURCESWASTAGE

CLEARDIRECTIONCHANNELISATION OFRESOURCESCLARITYABOUT FUTURECLARITY OFDIRECTION

OBJE

CTIVE

REMO

VEFUTURE

GAP

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ORGANIZINGINDIVIDUAL1

INDIVIDUAL1

INDIVIDUALN

Group head 1

Group A

Group head NGroup N

Group head 2

Group B

Group head A

Group head B

Group head N

Co-ordinationAuthority

StructureResponsibilitycommunication

Environment

OverallGroup

Head

GO

AL

ition of ORGANIZING :ing is a social system where people,process and technology is adjustg to environment 2 or more people to attempt to achive organization

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AUTHORITY RESPONSIBILITY POWER

Authority is the powerto take decisions which

will influence thebehavior of others.

It include.Obligation

AnswerabilityAccountability

People who are havingauthority may or may not

have power.

It is given to theposition not to theperson.

It can not be delegatedit can only understood.

Power is created byperson with or withoutauthority.

A smart manager mayaward some part ofauthority to his juniorand keep someauthority with himself.

Every employee whohave authority shouldfeel responsible.

Even when the person isnot in position powerstage with him.

Authority is given bythe top Mgt..in formalorganizationstructure,Top Mgt.have maximum

authority

Responsibility &Authority will go handto hand.

Power can be generatedthroughKnowledgeResourcesPeople

Rewards/punishmentsReli ion osition, etc.

DIFFERENCE AUTHORITY , RESPONSIBILITY& POWER :


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DIRECTION :DIRECTING is the process of positive influence the

members ofThe team of organization to make them understand theirpotential so thatThey give best performance always not by force ,by self interestknowingwho they are ? and what they can do ?

DIRECTING / LEADING

DIRECTING / LEADING

LEADRSHIP is the

process Of influencing

behavior by the Leaderof the employee to

make him perform at the

best.

Motivaton is the process of

Inspiring the people for

Making them contribute toVoluntarily to organization

GOAL.

Communication is the

process of Exchanging

thoughts,ideas,

Knowledge,information,cul

ture,beliefs, Ect.between 2

or more people for

common understanding

LEADING MOTIVATION COMMUNICATION


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CONTROLLING

PROCESS OF CONTROLLING :

ESTABLISAING STANDARDS

ACTUAL PERFORMANCE

COMPARE WITH ACTUAL STANDARD

CHECK DEVIATION AND LUANCH CORRECTIVE ACTION

ESTABLISHING NEW STANDARD


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EXAMPLE FOR CONTROL system :

ASSUMING A MANAGER WHO GIVE A PERFORMANCE

STANDARD OF 100 SHOES TO 5 WORKERS IN 8 HOURS AT MORNING 8 a.m.

AFTER 8 HOURS,MANAGER COMPARING AND MEASURING ACTUALPERFORMANCE WITH STANDARDS FIND A GAP OF 20 SHOES.THE CORRECT

GAP AND ACTUAL CORRECTIVE ACTION GIVE NEW TARGET OF 120 SHOES

FOR NEXT DAY.

FACTORS AFFECTING TO CONTROL SYSTEM :

TIMELY & FORWARDSUITABLEOBJECTIVES & UNDERSTANDABLE

FLEXIBLE ( Flexibility Brings Growth )ECONOMICAL ( BENEFITS > COSTS )PERSPECTIVE & ORGATIONALACCEPTABLE

MOTIVATION


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THANK YOU

Documents

Introduction to Management MEHUL