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EMERGING TRENDS IN BUSINESS MANAGEMENT

EMERGING TRENDS IN BUSINESS MANAGEMENT. Dr. W.K. SARWADE M.Com., M.B.A., Ph.D . Associate Professor Department of Commerce Dr. Babasaheb Ambedkar Marathwada University Aurangabad 11-Aug.-2012. Basic Concepts.

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EMERGING TRENDS IN BUSINESS MANAGEMENT

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  1. EMERGING TRENDS IN BUSINESS MANAGEMENT Dr. W.K. SARWADE M.Com., M.B.A., Ph.D. Associate Professor Department of Commerce Dr. Babasaheb Ambedkar Marathwada University Aurangabad 11-Aug.-2012

  2. Basic Concepts 1) One of the most important human activities in managing. Managing has been essential to ensure the co-ordination of individual efforts. 2) Management is the process of designing and maintaining an environment in which Individuals working together in groups efficiently for accomplish selected aims. 3) According to Harold Koontz “Management is the art of getting things done through and with people in formally organized groups. It is the art of creating an environment in which people can perform as individuals towards common goals”

  3. Managerial Functions • It is useful to break it down into five managerial functions : • Planning • Organising • Staffing • Leading • Controlling • Direction • Co-ordination

  4. General Concepts Of Management • Management as an Activity • Management as a Process • Management as an Economic Resource

  5. Manpower Money Materials Management Machinery Management as an Economic Resource

  6. Top Mgt. Middle Mgt. Lower Mgt. • Adminstration • Management Management and Administration

  7. Seven Concepts for getting results through Management • Management by Communication (M.B.C.) • Management by System (M.B.S.) • Management by Results (M.B.R) • Management by Exception (M.B.E.) • Management by participation (M.B.P.) • Management by Motivation (M.B.M.) • Management by objectives (M.B.O.)

  8. Types of Planning • Financial or non-financial planning • Formal or informal planning • Specific or Routine planning • Profit Planning-based on forecast. • Short and long range planning

  9. Henri Fayols 14 Principles of Management • Division of Work • Authority and Responsibility • Discipline • Unity of Command • Unity of Direction • Subordination of Individual Interest to General Interest • Remuneration of Personnel • Centralization • Scalar Chain (Boss and Employee) • Order • Equity • Stability of Tenure of Personnel • Initiative • Spirit De Corps (Spirit of Loyalty and Devotion)

  10. MANAGEMENT THINKERS • F.W. Taylor • Henry L. Gantt. • Frank B. Gilbreth • Lillian M. Gilbreth • Henry Fayol • Hugo Munsterberg • Jeorje Elton Mayo • Chestern Barnard • Mery Parker Follet

  11. THANK YOU

  12. Thanking You

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