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  • Principles of Management - Sec - A Course EM 502

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    Neo Anderson
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    Sheet of principles of management by Sheraj Sir.

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    Principles of Management_Sec_A Course EM 502

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    Sheet of principles of management by Sheraj Sir.

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    © All Rights Reserved
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    7 visualizzazioni21 pagine

    Principles of Management - Sec - A Course EM 502

    Caricato da

    Neo Anderson
    Sheet of principles of management by Sheraj Sir.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF o leggi online su Scribd
    Segnala contenuti inappropriati
    di 21
    Subject: Principles of Management Books Recommended: » / Koontz, & Weibtich 2) STONER & Gilbirt 3) Ricky W. Griffin Syllabus: 1, Introductory Issues 2. Organisation and Environment 3. Planning and Decision Making, 4. Organising “5, Leading (Directing, Motivating) 6. Controlling. INTRODUCTION (MANAGING AND MANAGERS) ‘What is Management: It is the process of getting things done through other people by e ‘human and non-human resources in an organization in order to attain some pre-determined goals. This is done, through the process of planning, ‘organizing, leading and controlling. ps ‘The Process of Management: Planning is the process of establishing goals and suitable course of action to attain those goals. Organizing is the process of arranging and allocating work, authority arid * resources among the organization's members to attain goals. Leading is the act of directing and influencing the activities of the people to attainment of goals. Controlling is the act of ensuring actual activities to planned activities and to take necessary corrective action. Levels of Management: (1) Top Level (2) Mid Level (B)Lower Level Skills of Management: (1) Technical Skills (2) Social Skills (3) Conceptual Skills: Roles of management: 1) Interpersonal Roles: (2) Figure Head (b) Leader (©)Liaison 2) Informational Roles: (2) Monitor (b) Disseminator (©) Spokes Person 3) Decisional Roles: (a) Entrepreneur (b) Disturbance Handler (c) Negotiator. ‘The Principles of Management (1) Division of work (2) Authority (3) Discipline (4) Unity of command (S) Unity of direction (6) Subordination of individual interest to common goals (7) Remuneration (8) Centralization (9) The hierarchy (10) Order (11) Equity (12) Stability of tenure (13) Initiative (14) Spirit de corps. ‘The Challenges of Management: (1) The need for vision (2) The need for ethics ) The need for responsiveness to cultural diversity Managerial Efficiency Vs Managerial Effectiveness The Universal Nature of Management: (1) Profit Seeking organisations: (a) Large business, (b) Small’business (c) International business, 2. Non-Profit organisations: (2) Govt. organisations, (b) Ecticational Institutions, (c) Health care, (@) Non-traditional settings including NGO's ORGANISATION AND ITS ENVIRONMENT Organisation As a Syste ‘Takes input fiom environment, transforms them into goods/services and sends them back as output to the external environment. Importance of the Study of Environment for May : (1) The rapid changes is brought’ by forces that are external to the organisation. (Q) Intensified market condition. ‘ G) Tremendous technological development. (4) Growing public activism (abortion, animal research, human rights etc). (5) Concem about environmental balance. Two types: (a) Exteesal Environment (b) Internal Environment (®) Extemal_ Environment: All elements outs: relevant to operations of en organisation. ‘an organisation but are (b) Internal Environment: Elements that are inside the organisation and under management control. Elements of External Environment 1, Direct Action Elements. 2. Indirect Action Elements. 1. Direct Action Elements: These are the elements of the environment that directly influence an organisation's dctivities. They are called stakeholders. ‘There are two types of stakeholders: (@) Internal Stakeholders: (i) Employees, (ii) Shareholders, (iii) Board of Directors. (b) External Stakehoders: (Unions, (i) Suppliers, (ii) Competitors, (iv) Customers, (v) Financial Institutions, (vi) Special: Interest Groups (use. political lobby to come with issues like abortion, prayer in a public place etc.) 3. Indirect Action Elements: Blements of the internal environment that do not affect directly but affect the climate in which an organisation's activities take place. Elements of Indirect Action External Environment of Organisations (A) Socio cultural variables: (1)Ecology group (Chemical pollution) (2)Consumer activists (CAB) (3) The Media (creates awareness of a product) (4)Education group (Equal right opportunities, no use of child labour, no

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