Subject : Management I Electrical A Sem III Enrollment No:130950109025 Das Pallabi

Contents Introduction to Management and Organization Functions of management Types of Managers Managerial Innovative Management for turbulent times

Definition - Management “Management is the process of achieving goals and objectives effectively and efficiently through and with the people”. “Management is a process of designing and maintaining an environment in which individuals work together in groups to effectively and efficiently accomplish selected aims”. Management is the process of achieving goals effectively and efficiently by using management functions i.e. Planning, organizing, staffing, controlling Management is a set of activities directed at an organization’s resources with the aim of achieving organizational goals in an efficient and effective manner. MANAGEMENT IS BOTH SCIENCE AND ART.

Functions of Management Henry Fayol, the pioneer of management process approach, has proposed 6 primary functions of management: Planning Organizing Commanding Coordinating Controlling

Functions of Management Cont… Luther Gullick used the word POSDCORB to describe management functions : P - Planning O - Organizing S - Staffing D - Directing C - Controlling R - Reporting B - Budgeting

Functions of Management Cont… PLANNING Planning : it is a course of action to be followed for achieving various organizational objectives. It is a decision in advance for what to do, when to do, how to do and who will do. It is a process of thinking before executing. The process of planning involves Gathering information Laying down objectives Developing planning premises Examining alternative course of action Evaluation of action patterns Reviewing limitations Implementation of Planning

Functions of Management Cont… ORGANIZING The process of identifying and grouping work to be performed, defining and delegating responsibility and authority and establishing relationships for the purpose of enabling people to work most effectively together in accomplishing objectives. The process involves: Identify the work to be performed Classify or group the work Assign work to individuals Delegate authority and responsibility Coordinate for various activities

Functions of Management Cont… CONTROLLING The process of determining what is being accomplished and applying corrective measures so that performance takes place according to plan. LEADING The process of motivating, communicating, guiding and encouraging, solving problems of a team.