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Management means proper allocation & utilization of resources to achieve the goals of the organization. Our resources are 6Ms, 2Is & T. 6Ms are: Man, Money, Material, Method & Market. 2 Is are: Idea & Information. T stands for Time. Management also means manage men tactfully to fulfill the vision of the organization. Management is the application of knowledge & skill of managers to achieve the goals & objectives of the organization. Mary Parker Follett : Management is an art of getting things done through others. Peter Drucker: Management is doing the things right & Leadership is doing the right things. Peter Drucker: Management is a multi-purpose organ that manages business & manages managers & manages workers & work. Henry Fayol: Management is the process of five functions; Planning, Organizing, Commanding, Coordinating & Controlling. Henry Fayol: Management is the systematic process of five functions; Planning, Organizing, Commanding, Coordinating & Controlling. According to Fayol, to manage is to forecast & to plan, to organize, to command, to coordinate & to control. Harold Koontz: Management is the art of getting things done by others & with people in formally organized groups. The concept of management consists of four following points. Management as an activity Management as a group Management as a discipline Management as a process As an activity management plans & controls human efforts to achieve common goals of an organization. Management has to play different roles like: Interpersonal Informational Decisional Under interpersonal role management involves managers to act as: Figurehead Leader Liaison manager Under informational role managers have to play as: Monitor Disseminator Spokes person Under decisional role managers have to act as: Entrepreneur Disturbance handler Resource allocator Negotiator As a group management consists of personnel from top level to bottom level such as : BOD, CEO, Departmental Heads, Functional Heads & many others. There are several types of managers such as: Family managers Professional managers Civil managers Management as a discipline deals with specific areas such as: Production Marketing Sales Finance Research & Development HR etc Management as a discipline focuses on different principles & theories.
CONCEPT OF MANAGEMEENT.pptx
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Basic managerial skills: Technical skills Technical skills are the skills necessary to accomplish or understand the specific kind of work being done in the organization. Technical skills are important for first-line managers, those managers need these skills for training subordinates and answering questions about work- related problems. Interpersonal skills The ability to communicate with, understand and motivate both individuals and groups. The manager must be able to deal with subordinate, peers, and those at higher levels of the organization. The manager must also be able to work with suppliers, customers, investors and others outside of the organization.
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Introduction management and management theory. MBA Lesson 1
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Management means proper allocation & utilization of resources to achieve the goals of the organization. Our resources are 6Ms, 2Is & T. 6Ms are: Man, Money, Material, Method & Market. 2 Is are: Idea & Information. T stands for Time. Management also means manage men tactfully to fulfill the vision of the organization. Management is the application of knowledge & skill of managers to achieve the goals & objectives of the organization. Mary Parker Follett : Management is an art of getting things done through others. Peter Drucker: Management is doing the things right & Leadership is doing the right things. Peter Drucker: Management is a multi-purpose organ that manages business & manages managers & manages workers & work. Henry Fayol: Management is the process of five functions; Planning, Organizing, Commanding, Coordinating & Controlling. Henry Fayol: Management is the systematic process of five functions; Planning, Organizing, Commanding, Coordinating & Controlling. According to Fayol, to manage is to forecast & to plan, to organize, to command, to coordinate & to control. Harold Koontz: Management is the art of getting things done by others & with people in formally organized groups. The concept of management consists of four following points. Management as an activity Management as a group Management as a discipline Management as a process As an activity management plans & controls human efforts to achieve common goals of an organization. Management has to play different roles like: Interpersonal Informational Decisional Under interpersonal role management involves managers to act as: Figurehead Leader Liaison manager Under informational role managers have to play as: Monitor Disseminator Spokes person Under decisional role managers have to act as: Entrepreneur Disturbance handler Resource allocator Negotiator As a group management consists of personnel from top level to bottom level such as : BOD, CEO, Departmental Heads, Functional Heads & many others. There are several types of managers such as: Family managers Professional managers Civil managers Management as a discipline deals with specific areas such as: Production Marketing Sales Finance Research & Development HR etc Management as a discipline focuses on different principles & theories.
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Basic managerial skills: Technical skills Technical skills are the skills necessary to accomplish or understand the specific kind of work being done in the organization. Technical skills are important for first-line managers, those managers need these skills for training subordinates and answering questions about work- related problems. Interpersonal skills The ability to communicate with, understand and motivate both individuals and groups. The manager must be able to deal with subordinate, peers, and those at higher levels of the organization. The manager must also be able to work with suppliers, customers, investors and others outside of the organization.
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Managers perform various Roles ! (Henry
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Roles 1.Inter-personal 2.Informational 3.Decisional
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1.Interpersonal Role Figurehead Leader Liasion
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Interpersonal Role Involves developing and
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2.Informational Role Monitor Disseminator Spokesperson
7.
Informational Role pertains to receiving
and transmitting info to other org. units.
8.
3.Decisional Role Entrepreneur Disturbance Handler Resource
Allocator Negotiator
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that affect the organization !
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Managers perform various Functions ! (Peter
Drucker) (Henri Fayol)
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Management is a process
of carrying POLCA Functions to achieve organizational goals and/or purpose!
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!
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