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Business studies

  1. SREE GURU THIPPERUDRA PRE-UNIVERSITY COLLEGE BALLARI
  2. 1.MANAGEMENT IS GOAL ORIENTED:- An organisation has a set of basic goals which are the basic reason for its existence. These should be simple and clearly stated. Different organisations have different goals.
  3. FEATURES OF MANAGEMENT • MANAGEMENT IS GOLA ORIENTED •MANAGEMENT IS ALL PERVASIVE • MANAGEMENT IS MULTIDIMENSIONAL i. MANAGEMENT OF WORK ii. MANAGEMENT OF PEOPLE iii. MANAGEMENT OF OPERATIONS • MANAGEMENT IS CONTINOUS PROCESS • MANAGEMENT IS GROUP ACTIVITY • MANAGEMENT IS DYNAMIC FUNCTION •MANAGEMENT IS AN INTANGIBLE FORCE
  4. 1.Management is all pervasive: Management activities are not only applicable to business units alone. They are universally applicable to all organisations, whether, it may be economic, social, charitable, religious or political. Therefore, management is all pervasive and a universal phenomenon.
  5. 2.Management is Multidimensional: Management is a complex activity and involves three dimensions viz., a) Management of work , b) Management of people, c) Management of operations.
  6. 2(a).Management of work: Each and every organisation exists for performing some work. Management translates this work in terms of goals to be achieved and assigns the means to achieve it. This is done in terms of problems to be solved, decisions to be made, plans to be prepared, responsibilities to be assigned and authority to be delegated.
  7. 2(b).Management of people: Management is concerned with “getting things done through people. “It is a major task of manager; it consists of dealing with all the employees of organisation having different personalities, needs ,
  8. MANAGEMENT IS CONTINOUS PROCESS;- He process of management is a series of continuous, composite, but separate functions (planning, organising, directing, staffing and controlling). These functions are performed by all managers all the time.
  9. 2(c).Management of operations: Every organisation has to deliver certain goods or services for its survival. Through management, the operational inputs are transformed into desired output for customers.
  10. 4.Management is a dynamic function: Every organisation works in an environment, which keeps on changing. Management has to adapt itself to changing environment. Therefore, management is a dynamic function. It must change according to the change in needs.
  11. 3.Management is a group activity Each and Every organisation consists of number of person with different needs. Every member the group has different purpose to join the organisation. As member of the organisation, they have to initiate, communicate, coordinate and join their hands for attaining the common organisational goals. Hence it is a group activity
  12. 5.Management is an intangible force: Management cannot be seen but its presence can be felt in the operations of the organisation. Effects of management are noticeable in terms of attainment of production targets, employees satisfaction etc. So management is an unseen force but reflect in the collective efforts of people.
  13. 1.Organisational Objectives: 2. Social Objectives: 3. Personal or Individual Objectives:
  14. ORGANISATIONAL SURVIVAL PROFIT GROWTH
  15. 1) Organisational Objectives: It refers to the objectives for the whole organisation. While fixing these objectives, management keeps into consideration the benefit of all the related parties (like owner, employee, customer, government, etc.). This also fulfils organisational economic objectives which are survival, profit and growth.
  16. (i) Survival: Every business wants to survive for long. So, management by taking positive decisions with regard to different business activities should ensure that business survives for long, (ii) Profit: Profit plays an important role in facing business hazards and successful running of business activities. So, it must be ensured by the management that adequate profit is earned by the business, (iii) Growth: Every business wants to grow. Management must ensure growth of business. Growth can be measured by sales, number of employees, products, capital investment, etc. If all these show an increasing trend then it can be concluded that business is heading towards growth.
  17. 2) Social Objectives: It refers to the consideration of the interest of the society during managerial activities. An organisation is established in a society. It runs through the resources made available by the society.
  18. Main social objectives of management are included in the following list: (i) To make available employment opportunities (ii) To save environment from getting polluted (iii) To contribute in improving living standard
  19. 3) Personal or Individual Objectives: It refers to the objectives to be determined with respect to the employees of the organisation. The employees happen to be prudent and sensitive resource for the company.
  20. Main objectives of management towards employees are as follows: (i) To give deserving remuneration (ii) To provide good working environment (iii) To provide a share in profit.
  21. 1] Management as an art :- An art may be defined as personalised application of general theoretical principles for attaining the best possible results. Art has the following characteristics. * Practical knowledge. * Personal skill * Personalised application * Creativity. * Perfection through practice. * Goal oriented
  22. Science is a systemised body of knowledge relating to a specific field of study .It contains general facts which explains a phenomenon. These principles are developed through scientific method to observation and verification through testing. Following are the basic feature of science:- *Universal acceptance of principles. * Principles based on expirimentation * cause and effect relationship
  23. 3.Management as a Profession:- A profession may be defined as an occupation that requires specialized knowledge and intensive academic preparations to which entry is regulated by a representative body. The essentials of a profession are:
  24. 1.Specialized Knowledge 2. Formal Education & Training 3.Social Obligation 4.Code of Conduct
  25. FUNCTIONS OF MANAGEMENT
  26. FUNCTIONS OF MANAGEMENT Planning Organizing Staffing Directing Controlling
  27. THE PROCESS OF MANAGEMENT
  28. WHAT IS PLANNING? • The function of management that involves setting objectives and determining a course of action for achieving these objectives. • Planning includes both the broadest view of the organization, e.g., its mission, and the narrowest, e.g., a tactic for accomplishing a specific goal.
  29. WHAT IS ORGANISING? • Is the process of grouping together of men and establishing relationship among them, defining the authority and responsibility of personnel by using the company’s other basic resources to attain predetermined goals or objectives.
  30. STAFFING • Filling and keeping filled with qualified people all positions in the business. Recruiting, hiring, training, evaluating and compensating are the specific activities included in the function. In the family business, staffing includes all paid and unpaid positions held by family members including the owner/operators.
  31. DIRECTING • Refers to the process of motivation, communication and leadership • The purpose of directing is to channel the behavior of all personnel to accomplish the organization's mission and objectives while simultaneously helping them.
  32. planning organizing staffing controllingdirecting
  33. PRESENTED BY MANOHAR SINGH BHAVIK KHANDELWAL MUNTIMADUGU SRI SAHIT AKHIL.V
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