Principles of Management- Management Process & Functions

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TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Affiliated Institution of G.G.S.IP.U, Delhi BCA (Second Semester) Principles of Management 20104 Management Process & Functions By: Saguna Khajuria Assistant Professor

Transcript of Principles of Management- Management Process & Functions

Page 1: Principles of Management- Management Process  &  Functions

TRINITY INSTITUTE OF PROFESSIONAL STUDIES

Sector – 9, Dwarka Institutional Area, New Delhi-75Affiliated Institution of G.G.S.IP.U, Delhi

BCA (Second Semester)

Principles of Management20104

Management Process &

Functions

By: Saguna Khajuria Assistant Professor

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management Process: Overview

Resources Managerial Functions Objectives

Men & Women

MaterialsMachines

MoneyMarkets

Goods & Services

Desired by the

customers

Planning

Organizing

Directing

ControllingStaffing

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Management Functions

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Planning

• It means determining the objectives of the unit or activity.

• Primary and most basic function• Its purpose is to minimize the risk and to take

full advantage of the available opportunities• Flexible in nature• Covers both long term & Short term objectives

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Planning

• Planning involves:– Determination of objectives– Forecasting– Formulation of policies & programmes– Preparation of schedule and procedures – Budgeting

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Organizing

• It is the process of establishing harmonious authority- responsibility relationships among the members of the enterprise.

• It is the function of creating a structure of duties & responsibilities.

• It involves creating a structure of authority-responsibility among the people to achieve the objective of the enterprise.

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Organizing

• It includes:– Determination of objectives– Identification & grouping of activities– Assignment of duties to individuals– Development of relationships.

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Staffing

• It is the process of filling all positions in the organization with adequate and qualified personnel.

• It includes:• Human resource planning• Deciding sources of recruitment• Receiving applications• Testing & interviewing• Final selection & appointment letter• Orientation & placement• Training & development

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Directing

• It is the process of guiding, supervising, leading and motivating the subordinates to work in a way that is beneficial to the organization.

• Direction function involves:– Leadership– Communication– Motivation– Supervision

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

Controlling

• It is the process of ensuring that the organization is moving in the desired direction and that progress is being made towards the achievement of goals.

• It includes:– Setting up of standards– Measuring performance– Comparing performance with standard– Taking corrective action

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TRINITY INSTITUTE OF PROFESSIONAL STUDIESSector – 9, Dwarka Institutional Area, New Delhi-75

THANK YOUKey words: Management, Process, Planning, Organizing, Controlling , staffing, controlling, objectives , directing, forecasting , policies , programmes , responsibilities, human resource, training& development, supervising, motivating, leadership.