Management and Importance of management

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Transcript of Management and Importance of management

SUBMITTED BY NAME – Nitin YadavBRANCH - COMPUTER ENGG…Roll NO - 14085080020

PRESENTATION

SUBMITTED TONAME :- Er . Richa Garg (HOD), Er. Virender SinghDepts. - CSE

Management• Meaning of management• Characteristics of management• Need of management• Level of management• Function of management• Organisation structure• Inventory management

Meaning of Management

Management is getting things done through other.

Management mean to manage things by planning,co-ordinating,motivating and controlling.

Manager-Manager is that person by whom the work is done.

Characteristics of Management

Management is a purposeful activity. Management is getting the things done. Management is needed at all levels of the

organisation. Management is goal oriented. Management is both science and art.

Need of Management

The need for a good management is due to the following reasons:- Tough competition in the market. Production efficiency. Industrial piece. Limited financial resources. Complexity of industry.

Levels of Management

Middle Level Management

Top Level Management

Low Level Management

Diagram of Levels of Management

Levels of Management Top Level Management:- It is the head of all

management.It consist of Board of Directors, Chief executives, Senior executives. All policy decision are taken by top level management.

Middle Level Management:- Middle management serves as a link between the top level management and lower level management.

Lower Level Management:- Lower management consist of office superintendents, Foremen and supervisors.

Function of Management Planning Organising Staffing Directing Co-ordinating Controlling Motivating

Inventory ManagementInventories are stock of raw materials and components required for manufacturing of product and of finished product for sale. Thus, inventories form a link between the production and sale of the product. The forms of inventories existing in a manufacturing enterprise can be classified into three categories:-(A) Raw Materials:-These are the goods which have been purchased and store for future productions.(B) Work-in-Progress:-These are the semi-manufactured products.(C) Finished Goods:-These are the final products of the production process ready for sale.

THAN

KS