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Principles of Management

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Principles of Management

  1. 1. FUNDAMENTALS OF MANAGEMENT Dr. Syed Amin Tabish FRCP, FACP, FAMS, MD (AIIMS) Postdoc Fellowship, Bristol University (England) Doctorate in Educational Leadership (USA)
  2. 2. WHAT IS MANAGEMENT? • An art more than a science • Inherently social in nature • Getting things done through others
  3. 3. Copyright © 2005 Prentice Hall, Inc. Organization and Its Environment Exhibit HM-4
  4. 4. FOUR FUNCTIONS • First stated by Henri Fayol(1841-1925)-French CEO • Now stated as  1. Planning  2. Organizing  3. Leading  4. Controlling
  5. 5. PLANNING & ORGANIZING • Planning -- Setting firms goals plus the way to accomplish them • Organizing -- deciding structure of decision-making  What will be done, by whom, for whom
  6. 6. LEADING & CONTROLLING • Leading-- Motivating employees to achieve firm’s objectives • Controlling --  Monitoring progress toward goals  Taking corrective action
  7. 7. TYPES OF MANAGERS • 1. TOP MANAGERS • 2. MIDDLE MANAGERS • 3. FIRST-LINE MANAGERS • 4. TEAM LEADERS
  8. 8. MINTZBERG’S ROLES OF MANAGERS • 1. INTERPERSONAL • 2. INFORMATIONAL • 3. DECISIONAL
  9. 9. ESSENTIAL SKILLS FOR MANAGERS • 1. TECHNICAL SKILLS • 2. HUMAN SKILLS • 3. CONCEPTUAL SKILLS
  10. 10. ADDED ESSENTIAL • MOTIVATION TO MANAGE  How enthusiastic is an employee to manage the work of others  After all getting work done through others is what management is all about
  11. 11. TEN MISTAKES OF MANAGERS • 1. Insensitive, intimidating, bullying • 2. Cold, aloof, arrogant • 3. Untrustworthy • 4. Too ambitious, playing politics • 5. Specific performance problems
  12. 12. TEN MISTAKES OF MANAGERS, cont • 6. Overmanaging -- not delegating • 7. Ineffective staffing • 8. Can’t think strategically • 9. Can’t adapt to different bosses • 10. Overdependency on mentor
  13. 13. COMPETITIVE ADVANTAGE THROUGH PEOPLE • PRODUCT OR SERVICE BEING EQUAL • ADVANTAGE RESTS WITH EMPLOYEES WHO ARE BETTER, MORE COMMITTED • EMPHASIZES SOCIAL NATURE OF THE FIRM
  14. 14. Fayol’s 14 Principles of Management • Division of work • Authority • Discipline • Unity of command • Unity of direction • Subordination of the individual • Centralization • Scalar chain • Order • Equity • Stability of tenure of personnel • Initiative • Esprit de corps

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