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