Principles Of

Management

Principles Of Management
Prescribed text book
Management: A global perspective 10th edition Heinz Weihrich Harold Koontz

Syllabus
Chapters 1-2 5-12 16-18 20-21 Total = 15 Chapters No.of periods available :10

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

Sessional Marks Will be announced before Terminal Exam.

Mid Term Test

Will be of one hour duration, and will be followed by lecture.

Terminal Exam
Will 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
Definintion1
Manipulation 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.

PRINCIPLES
In management, principles are fundamental truths.

TECHNIQUES
Techniques are essentially ways of doing things.

EFFECTIVENESS
To 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
System
Is 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 interact with its environment.

Open system
System 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
Top Level Management
1

Middle Level
2

First-Line
3
4

Workers

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
Top Level Conceptual / Design Middle

Design / Human Skills

First Line

Technical

MANAGERIAL FUNCTIONS
45 25 20 5 35 TOP

30 20

15
MIDDLE 50

30 15 5 Plan FIRST

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