Principles Of

Management

Prescribed text book

Management: A global perspective 10th edition Heinz WeihrichHarold Koontz

SyllabusChapters 1-2 5-12 16-18 20-21 Total = 15 Chapters

No.of periods available :10

Principles Of Management

EvaluationInternal 50• Quizzes 10• Assignment 10• Class participation 05• Attendance• Midterm test 25External 50 • Total 100• Pass Percentage 50%TERM WORKLOADQuizzes 2 (1 each before & after Mid Term)Assignments 2 (1 each before & after Mid-Term)Mid term test 6th Week 19 OctTerminal Exam 11th Week 30 NovAttendance A minimum of 7 classes must be attended.

Sessional Marks

Will be announced before Terminal Exam.

Mid Term TestWill be of one hour duration, and will be followed by lecture.

Terminal ExamWill be of 3 hours duration containing approx 14 questions of which at least 9 will have to be attempted.

Management

One of the most important activities of human beings.

It is an art.

It can be learnt.

Management

Definintion1Manipulation of resources to achieve objectives

Resources:4Ms

Men

Material

Money

Machine

Management

Definition.2

The process of getting activities completed efficiently and effectively with and through other people.

Management

Definition 3

It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

Management

Definition 4

Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.

Management

Definition 5 The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources.

PRINCIPLESIn management, principles are fundamental truths.

TECHNIQUES

Techniques are essentially ways of doing things.

EFFECTIVENESSTo achieve objectives within the available resources

EFFICIENCY

To achieve objectives at the least cost of resources.

ORGANIZATION

It is a deliberate arrangement of people to accomplish some specific purpose.

Characteristics of an organization

• Distinct Purpose• Deliberate Structure• People

INPUTS

• Human

• Capital

• Managerial Skills

• Technological Application

OUTPUTS

• Products

• Services

• Satisfaction

• Goal Achievement

• Profits

STAKE HOLDERS

• Owners

• Employees

• Consumers

• Suppliers

• Stock Holders

• Government

• Community

Managing systems

SystemIs a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole.

• Closed system• Open system

Closed System

System that is not influenced by or does not inter- act with its environment.

Open systemSystem that is dynamic and interacts with its environment.

Universality of Management

The reality that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational areas and in organizations in all countries of the world.

Functions Of Management

• Planning• Organizing• Staffing• Leading• Controlling

PLANNING

Is defining goals, establishing strategy to meet them, establish plans to coordinate activities.

ORGANIZING

Determining what tasks are to be done, establish the set-up, and deciding where decisions are to be made.

STAFFING

Having determined what tasks are to be done, deciding how many are required to do the tasks and who is going to do what.

LEADING

Motivating and directing, selecting most effective communication channels and resolving conflicts.

CONTROLLING

Measuring and correcting individual and organizational performance to keep them as planned.

FUNCTIONS OF MANAGERS

• Planning• Organizing• Staffing• Leading• Controlling

MANAGERIAL SKILLS

• Conceptual • Design• Human• Technical

CONCEPTUAL SKILLS

Ability to see the ‘big picture’, to recognize and understand significant elements in a situation.

DESIGN SKILL

Ability to solve problems that will benefit enterprise. Also ability to design a workable solution to the problems and to avoid them in future.

HUMAN SKILLS

Ability to work with people.

Creation of an environment in which people feel secure and free to express their opinions.

TECHNICAL SKILL

Knowledge of and proficiency in activities involving methods, processes and procedures.

LEVELS OF MANAGEMENT

3

Top Level Management

Middle Level

First-Line

Workers

2

1

4

Levels Of Management

Top level (Top Managers)

Responsible for making decisions and setting policies that affect all aspects of organization.

Middle level (Middle level Managers)Responsible for working out strategies and plans to implement decisions and policies made by top level managers.

FIRST LINE LEVEL (Supervisors)

Responsible for ensuring work is done according to plans.

WORKERS(Operatvies)

People who work directly on a job or task and have no responsibility for work of others.

MANAGERIAL SKILLS

First Line Technical

Design / Human Skills

Conceptual / Design

Middle

Top Level

MANAGERIAL FUNCTIONS45

25

205

35 30

20 15

5

1530

50

TOP

MIDDLE

FIRST

Plan Org Ldg Con

MANAGERIAL ROLES

• Interpersonal• Informational• Decisional

INTER PERSONAL ROLE

• Figurehead• Leader• Liaison

INFORMATIONAL ROLE

• Monitor• Disseminator• spokesperson

DECISIONAL ROLE

• Entrepreneur• Disturbance Handler• Resource Allocator• Negotiator