Intro to Mgmt

8/11/2019 Intro to Mgmt

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IntroductiontoManagement


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The term managementorigins from the french

word Menagementwhich means the directing. Itindicates that mgmt is to direct & to lead anyorganization. Managers are the people workingto direct, lead & manage the organization. In

every organization, whether it is a school or abusiness house or a government project office,people work together to achieve the set ofgoals. Mgmt drives people towards achieving

these goals.


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Management is the art of getting things done

through people. * Follet*

Management is a set of activities (includingplanning, organizing, leading & controlling)

directed at an organizations resources (human,financial, physical, and information), with the aimof achieving organizational goals effectively andefficiently in a changing environment. * Griffin.

Getting things done through people by makingthe efficient use of resources . * Barnard.


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1) Planning, 2) Organizing,

3) Leading, &

4) Controlling.


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Planning involvestasks that must beperformed to attain

organizational goals,outlining how thetasks must be

performed, andindicating when theyshould be performed.


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Planning

Determining organizational goals

and means to reach them

Managers plan for three reasons

1. Establish an overall direction for the

organizations future

2. Identify and commit resources to achieving

goals

3. Decide which tasks must be done to reach

those goals


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Organizing means assigning the planned tasksto various individuals or groups within the

organization and cresting a mechanism to putplans into action.


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Organizing

Process of deciding where decisions will be made, who

will perform what jobs and tasks, and who will report

to whom in the company

Includes creating departments and job descriptions


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Leading (Influencing) means guiding theactivities of the organization members inappropriate directions. Objective is to improveproductivity.


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Leading

Getting others to perform the

necessary tasks by motivating them to

achieve the organizations goals


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1. Gather information that measures recent

performance2. Compare present performance to pre-established standards

3. Determine modifications to meet pre-

established standards


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Controlling

Process by which a person, group,

or

organization consciously monitors

performance and takes corrective

action


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Top

Managers

Middle Managers

First-Line Managers


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Top Management:CEO, GM, MD, . Lead the

organization, establish mission & goals.

Middle Management:

Human resource manager,Finance manager, IT head etc.

First Line Managers:

supervisors, foreman, etc whois responsible for day to day work.


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1 Facilitates Administration: A sound organizationhelps in providing appropriate platform where

mgmt can perform the functions of planning,directing, co-ordination, motivation & control.

2

Optimum use of resources: The optimum use oftechnical & human resources gets facilitated in

sound & efficient organization. Which result inminimization of cost & maximization of profit.

3 Co-ordination: it is the process where differentemployees & departments perform differentfunction to achieve a common organizational goal.Effective Mgmt is needed for the better co-ordination between employees.

4) Stimulate Creativity: The mgmt helps employees ingetting well defined duties, clear lines of authority

& responsibility which encourages the creativity of


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5) Encourage humanistic approach: A soundorganization helps in adopting efficient methods of

selection, training, remuneration, and promotion ofemployees. It makes people work in a team, andnot like robots or machines.

6) Development of personality: Mgmt helps indevelopment of personality of employees throughdifferent trainings, field visit, research, seminaretc.

7) Cope with changes in environment: Everyorganization is influenced by changes in internal or

external environment. Mgmt provides the ability toemployees to cope with these changes.


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Every boat need a sailor to sail the boat to thedestination .

A management is all in all responsible of the

business success and failure, If companys

management lacks the ability to take the

corrective measure against the Opportunity and

Threat exists in the industry, then an

organization can't be successful.

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Intro to Mgmt