Principles Of Management-II Lecture No.1

What is Management and manager ???

Management is refers to Getting things done through others. Management as the process of coordinating and integrating work activities so that they are completed efficiently and effectively with and through other people. Manager A person who practices the functions to achieve management’s objectives.

The Management Functions In this chapter, you'll explore the four basic functions of management—planning, organizing, leading, and controlling. Along the way, you'll see how managers get their companies pointed in the right direction by starting with a vision and a mission statement, the anchors of the strategic planning process. Following a brief look at crisis planning, the chapter dives into organization, leading, and controlling, then concludes with a discussion of the skills you'll need in order to be an effective manager.

Managerial Functions In this chapter we explore the four basic functions that management entails: planning, organizing, leading, and controlling resources. And we highlight the skills required of effective managers. Some managers, especially those in smaller organizations, perform all four managerial functions. Although these functions tend to occur in a somewhat progressive order, sometimes they occur simultaneously, and often the process is ongoing.

Excellence in Business, 3e P O L C A Organizing Planning Assurance In this chapter we explore the four basic functions that management entails: planning, organizing, leading, and controlling resources. And we highlight the skills required of effective managers. Some managers, especially those in smaller organizations, perform all four managerial functions. Although these functions tend to occur in a somewhat progressive order, sometimes they occur simultaneously, and often the process is ongoing. Leading Controlling Excellence in Business, 3e © Prentice Hall, 2007

Planning: determining organizational goals and the means for achieving them Organizing: deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom

Leading: inspiring and motivating workers to work hard to achieve organizational goals Controlling: monitoring progress towards goal achievement and taking corrective action when needed Assurance service is an independent professional service with the goal of improving information or the context of information so that decision makers can make more informed, and most likely better, decisions.

CONTENTS OF EFFECTIVE MANAGER

Functions of Managers

Planning Thinking for the future Organizing Decision about activities performed by the workers Staffing Filling out the vacant positions Coordination Communication Receiving information from different sources Processing of information Distribution of information Conflict handling Negotiation (Cooperation) Resource Allocation Controlling To make sure that organization is moving towards the right direction.