2. OBJECTIVES:-
After this presentation you will be able to define –
Management
Nature of Management
Scope of Management
Functions Of Management
Role Of Managers
3. About Stephen Covey :
Birth-
Stephen Covey, a great motivational author of 7 Habits of
Highly Effective People born on 24th october, 1932 in
Utah, USA.
Education-
He studied in the university of Utah and completed his
Master Of Business administrator (MBA) from Havard
University and he also completed his Doctorate degree
from the Brigham young university.
4. Cont…
Work-
Covey worked as a professor of business management
and organisational behaviour at Brigham University.
Famous Book-
7 Habits Of Highly Effective People.
5. What is
Management?
What is Management? There is no precise definition of
management. Management has decision oriented
definition, people oriented definition, function
oriented definition and production or efficiency
oriented etc. But in general we define the
management as follow;
“ Management is the process involving planning,
organizing, staffing, directing and controlling human
efforts to achieve stated objectives in an
organization.”
6. Nature of Management :
Nature of Management The study and application
of management techniques in managing the
affairs of the organization have changed its nature
over the period of time . Various contributions to
the field of management have changed its nature.
Therefore the nature of management can be
described as follow;
Multidisciplinary
Dynamic nature of principles
Relative, not absolute principles
Management: Science or Art
Management as Profession
Universality of Management .
7. Management as Disciplinary :
Management as Disciplinary Management is
basically multidisciplinary. This implies that,
although management has been developed as a
separate discipline, it draws knowledge and
concepts from various discipline. It draws freely
ideas and concepts from psychology, sociology,
anthropology, economics, ecology ect.
Management integrates the ideas and concepts
taken from these disciplines and presents newer
concepts which can be put into practice for
managing the organization. In fact the integration
of knowledge of various discipline is the major
contribution of management and this integrated
discipline is known as management.
8. Dynamic Nature Of Principles :
Dynamic Nature Of Principles Principle is a
fundamental truth which establish causes and
effect relationships of function. Management has
framed certain principles on the basis of
integration and supported by practical evidences.
These principles are flexible in nature and with
the changed in the environment in which an
organization exists. Because of the continuous
development in nthe field, many older principles
are being changed by new Principles. In fact, there
is nothing permanent in the landslide of
management.
9. Relative, not absolute
Principle :
Relative, not absolute Principle Management
principles are relative, not absolute and they should
be applied according to the need of the organization.
Each organization may be different from others. The
difference may exits because of time, place, socio-
culture factors ect. However individuals working
within the same organization may also differ. Thus a
particular management should be applied in the light
of prevailing conditions.
10. MANAGEMENT: SCIENCE
OR ART :
There is a controversy whether management is science
or art.
Management is both science and Art.
Management as Science: Management as an art.
Management: science and art both.
11. Cont…
Universality of Management arguments for
universality Management as a process Distinction
between management fundamental and techniques.
Distinction between management fundamental and
practice Arguments against universality .
12. SCOPE OF MANAGEMENT :
Production Management:
(a) designing the product
(b) location and layout of plant and building
(c) planning and control of factory operations
(d) operation of purchase and storage of
materials
(e) repairs and maintenance
(f) inventory cost and quality control
(g) research and development etc.
13. Marketing Management
Marketing involves following activities
(a) Marketing research to determine the
needs and expectation of consumers
(b) Planning and developing suitable
products
(c) Setting appropriate prices
(d) Selecting the right channel of
distribution, and
(e) Promotional activities like advertising and
salesmanship to communicate with the
customers
14. Financial Management
selecting the appropriate
source of funds
raising the required funds at
the right time
administration of earnings
Estimating the volume of
funds
15. Personnel Management
Manpower planning
Recruitments,
Selection,
Training
Appraisal,
Promotions and transfers,
Compensation,
Employee welfare services, and
Personnel records and research, etc.
17. Planning
Planning is the first function which is
basically a logical thinking process that
decides what needs to be done in order
to achieve organization's goals and
objectives. It focuses on the broader
perspective of the business as well as
taking into consideration, the tactical
methods to get the desired results.
18. Organizing
Organizing is about setting up and
maintaining the internal
organizational structure in accordance
with objectives mentioned in planning
stage. It also involves assigning tasks
to various individuals for the larger
goal of organization's missions and
objectives.
19. Staffing
Staffing is the process of choosing
right people for organization. It
can be associated with human
resource management and involves
recruitment, hiring, training and
compensating the workforce.
20. Directing
Directing is guiding
people in the
organization through the
means of counseling,
instructing, motivating
21. Controlling
The process of leading and
influencing the task related
activities of group members
or
an entire organization .
22. Leader or Manager?
Innovate Administer
Develop Maintain
Inspire Control
Long-term view Short-term view
Originate Imitate
Challenge Status quo Accept status-quo
