MANAGEMENT…. INTRODUCTION

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Presentation transcript:

MANAGEMENT…. INTRODUCTION

What’s Management? The word ‘manage’ is derived from the Italian word managgiare which means ‘to handle’. The act of getting people together to accomplish desired goals and objectives effectively.

Definition…. The conventional definition of management is getting work done through people, but real management is developing people through work. Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall. ---- Stephen R. Covey

Characteristics…. An integrative approach A goal-oriented process An intangible factor of production A system of authority A discipline A profession A group of people

Management Levels…. Top management (Managing Director, President, Vise President ) Middle management (Divisional Head, Unit head, Head of Department ) Lower management (Section-in-charge, Supervisor, Foreman)

MANAGERIAL HIERARCHY TOP LEVEL MIDDLE LOWER

Functions of Management…. Planning Organizing Staffing Directing Controlling

1. Planning It’s a process of selecting mission, goals & objectives of an organization and determining a systematic process and actions for their accomplishment. It requires decision making as it involves choosing a particular future course of action from different alternatives.

2. Organising It is the process of establishing an organizational structure, assigning roles responsibilities, establishing hierarchy, authority & accountability relationship.

3. Staffing Process of filling and keeping filled the various positions in the organizational structure with people of appropriate competency. This function is known as human resource management. Job analysis, manpower requirement, recruitment, selection, placement, compensation, appraisal etc.

4. Directing The process of influencing people’s behavior for achievement of the goals. Creation of an effective organizational climate, provision of proper leadership, motivation, guidance and communication. It involves achievement of organizational goals by aligning them with the individual goals.

5. Controlling It is the process of comparing the actual performance with the standards set and then working on the deficiencies. It includes the regular monitoring of analysis of their subordinates and providing timely feedback to the employees.

Who is a manager? A manager is an individual responsible for planning & directing the work of one or more individuals, monitoring their performance and taking corrective actions whenever required. Responsible, justifiable, impartial, resource allocator, disturbance handler (Conflict mgt.)

Challenges for managers…. Cultural diversity Social responsibility Ethical obligations Personal biasness

DIFFERENCE LEADERS MANAGERS INNOVATE DEVELOP INSPIRE LONG-TERM VIEW DO THE RIGHT THINGS ADMINISTER MAINTAIN CONTROL SHORT-TERM VIEW DO THE THINGS RIGHT DIFFERENCE

THAT’S ALL FOR TODAY