Management Skill DevelopmentAssignment-1Day 1 (21/7/14) Definition Of Management - Management is a dynamic process of planning, organizing, controlling, directing etc.etc. The various activities and utilizing the resources (6Ms) effectively so as to achieve pre-determined objectives and goals within a stipulated period of time (which is always time bound).The best example of a management process is a human body, different organs such as heart, lungs, kidney, liver have different types of functions but with a common objective of providing us with a proper life. Buffer System- Neutralizing in the system where its optimum level is defined, below which or above which there will be imbalance Threshold Definition (1) It is increased due to stress . Thoughts are increased and energy level also increases. A kind of pressure is created which should be also with the employees of the manager otherwise he would not be able to withstand the pressure alone. Threshold- Definition (2) Boundary beyond which a radically different state of affairs exist. i.e optimal level of state.Important Points To Remember Non living things also communicate & there is transfer of energies , even an atom communicates by sharing electrons etc. Management is a dynamic process and it keeps on changing. It cannot be stationary if it becomes static then it cannot deliver its objectives on its own.Management as a process Sequence of events taking place simultaneously to achieve certain objectives & it should be flexibleManagement is functionally independent Functions like planning, organizing, controlling etc. are independent functions. But management is directly dependent as far as objectives are considered. All the independent functions of management works for the achievement of common objectives.

Day 2 (22/7/14) As management process is prevalent in nature and it includes working continuously towards a common objective it requires a link to be built up among different persons because it is very rare that perceptions or ideas of any two individuals could be ever same. As retinal mapping of two persons are never same, the blood construction of two people are never same, similarly the perception of two individuals can never be same. Communication among the individuals working for a common objective is very necessary so that the organization can adapt itself towards the changing internal and external environment of the business. Without communication the adaptability decreases, similarly the dinosaurs who got extinct as they could not adapt to the changes in the external environment.

Planning (From where we are to where we want to go) in a particular period of time or it is also be called as success in shortest possible time.It is also an intellectually demanding process which determines the future course of action. It determines what, when, how & to whom is to be done. It takes into account the event from the past.Manager should understand the internal and external environment and share that information or knowledge and implement that knowledge whenever required in an appropriate manner.

Management as Multidisciplinary All subjects are included in it like accounts, statistics, English etc. It has multiple objective. Effectiveness is basically input output ratio.

Management as Dynamic Process- It is sequential capable of changing or being changes in a state of flux, not static like high effectiveness, energy or force.

Importance & Nature of Business Communication

Gestures A movement of the part of body especially a hand or the head to express an idea or meaning. Buffer A solution which resist charge in PH value when acid or alkali is added to it i.e to moderate the impact of something. Example If we eat four plates of chat than we will feel acidic or when we drink 4 bottles of soft drink we will fell alkaline. So the body will balance the PH value of the body it will provide us a cushion which is called buffer. Objectives A specific result that a firm or system aims to achieve within a time frame with available resources. i.e Time bound. Goal An observable and measurable end results having one or more objectives to be achieved within more or less fixed time frame . I.e Flexibility is available. Concrete- Representing an actual substance or thing as supposed to its abstract quality.

Day 3 (23/7/14)Every management process start from a proper plan. A plan is the shortest distance from one point to another. Just as a straight line, The beauty of a straight line is that it is the smallest distance between one point to another. Planning involves setting up of objectives for which the management need to be done. Without a proper plan no process can never be started. Just like a dot is a part of any sentence, letter or word. Just as many dots come together to form a letter than a word etc.

Pre determination comes from experience. What to do? Why to do? Where to do? Intelligence When to do?Management is an ever changing process.Success- It is a process of taking a positive decision in possible shortest span of time.

Day 4 (28/7/14)Organizing has come from a word which is organ, Organs are the working parts of our body, which has different purpose of their own, heart has a function to purify blood, eyes have a function to see, etc. Although all the parts have different functions but their objective collectively is to provide a healthy life to us. The best example of a proper organization is a pyramid as the pyramid is the most stable structure in the world, It can take up the earthquakes really well, Similarly an organization structure is such that it can be stable enough throughout the business operation. Another beauty of the structure of a pyramid is that it is so narrows at the top only a single person can occupy the top position and as we come down the structure broadens and can provide a strong base to the whole organization.

Organization- It is like a group of identical parts of human body collectively functioning together to attain a common objective .All organization is like a pyramid shape.

Top ManagementMiddle ManagementLower Management

Pyramid is that structure where center of gravity is more stable. We have achieved objectives to very competitive environment in very short time. Management is a subject and organization is the part of management Management is something which is prevalent in nature and every unit has unique role of playing. Static has no objective

Day 5 (30/7/14) Organization - When two or more persons work together to achieve common objectives. Academics It is an Integration of multidisciplinary subjects. Direction Applying all positives energies to achieve certain objectives. Controlling Evaluation & comparison between what we have achieved and what we should be achieved & all the corrective measures that should be taken.

Communication It is a process where, by speech, signs or action transmits information from one person to another. It involves transmitting information from one party to another. A successful communication is when the sender and receivers must have some signs, words or signals in common with each other so the sent message can be understood. It is a two way interaction between two parties to transmit information and mutual understanding between themselvesZeeshan AhmedM.B.A 1st SEM (Section-B)Roll No.-30