BY:- MOHD. AQUIB BBA-2N D YEAR.

IS MANAGEMENT AN EFFECTIVE TOOL TO BRING THINGS TO YOUR DESIRE?

IS MANAGEMENT AN EFFECTIVE TOOL TO BRING THINGS TO YOUR DESIRE?

YES!!!“Dreams transform into thoughtsThoughts result into action.” -A P J Abdul Kalam

What is Management?

The control and organization of something.

MEANING OF MANAGEMENT Management in all business and

organizational activities is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.

EtymologyThe verb manage comes from

the Italian maneggiare (to handle, especially tools), which derives from the Latin word manus (hand). The French word mesnagement (later ménagement) influenced the development in meaning of the English word management in the 17th and 18th centuries.

Management in practical terms is the visualization, organization, planning of things and utilization of resources to achieve certain objectives. It can be in the life of a housewife, student, teacher, peon, principal, driver, chef, sportsman and so on.

MANAGEMENT AT PERSONAL LEVEL

Decide your goals. These goals can be achieved at different

levels of satisfaction i.e. Satisfactory, Average, Good, Very good, and Excellent.

To achieve the desired result management skills come into play.

HOW MANAGEMENT WORKS IN DAILY LIFE ?

STEPS TO SUCCESS!!! The first and the foremost step is to have a clear

knowledge of the objective. The second step is to check the availability of

resources. The third step is to organize and plan the

procedure of the task to be accomplished. Next step is to manage the time in which the

task is to be accomplished, time management is the most crucial part of any task, without proper time management any task performed even by an expert will lead to unsatisfactory outcome.

The next step is to carry out the task in proper form as planned and the success is yours.

MANAGEMENT AT ORGANISATIONAL LEVELTop Level of ManagementMiddle Level of ManagementLower Level of Management

Many managers work in an organization. However, these managers do not work at the same level. They work and operate at different positions. Hierarchy of these managerial positions is called Levels of Management.

MEANING OF LEVELS OF MANAGEMENT

3 LEVELS OF MANAGEMENT

THE TOP LEVEL

The top level management

determines the objectives, policies and plans of the organization.

They mobilizes (assemble and bring together) available resources.

The top level management does mostly the work of thinking, planning and deciding. Therefore, they are also called as the Administrators and the Brain of the organization.

They spend more time in planning and organizing.

They prepare long-term plans of

the organization which are generally made for 5 to 20 years.

The top level management has maximum authority and responsibility. They are the top or final authority in the organization. They are directly responsible to the Shareholders, Government and the General Public. The success or failure of the organization largely depends on their efficiency and decision making.

They require more conceptual skills and less technical Skills.

THE MIDDLE LEVEL

The middle level management emphasize more on following tasks :-

Middle level management gives recommendations (advice) to the top level management.

It executes (implements) the policies and plans which are made by the top level management.

It co-ordinate the activities of all the departments.

They also have to communicate with the top level Management and the lower level management.

They spend more time in coordinating and

communicating. They prepare short-term plans

of their departments which are generally made for 1 to 5 years.

The middle Level Management has limited authority and responsibility. They are intermediary between top and lower management. They are directly responsible to the chief executive officer and board of directors.

Require more managerial and technical skills and less conceptual skills.

THE LOWER LEVEL

The lower level management performs following activities :-

Lower level management directs the workers / employees.

They develop morale in the workers.

It maintains a link between workers and the middle level management.

The lower level management informs the workers about the decisions which are taken by the management. They also inform the management about the performance, difficulties, feelings, demands, etc., of the

workers. They spend more time in

directing and controlling. The lower level managers make

daily, weekly and monthly plans. They have limited authority but

important responsibility of getting the work done from the workers. They regularly report and are directly responsible to the middle level management.

Along with the experience and basic management skills, they also require more technical and communication skills.

MANAGEMENT – AN EFFECTIVE TOOL TO BRING THINGS TO YOUR DESIRE!!!

THE WORLD AT THEIR FEET!!!

WORKING FOR YOURSELF MAY NOT BE THE SUREST WAY, BUT IT DEFINITELY IS THE ONLY WAY TO SUCCEED IN LIFE. -RAI BAHADUR GUJARMAL MODI

THANK YOU.