NCRDS STERLING INSTITUTE OF MANAGEMENT STUDIES

PRESENTATION ON INTRODUCTION TO MANAGEMENT

Presented To,
Prof. Dr. Arjita Jain

Presented By,
Mr. Amit Singh (63) Mr. Sandip Tikhe (66) Ms. Supriya Bhagat (89) Ms. Vaishali Khilari (92) Ms. Shraddha Mhaske (99) (FY-MMS,DIV-B)

MANAGEMENT
Management can be defined as all the activities and tasks undertaken by one or more persons for the purpose of planning and controlling the activities of others in order to achieve an objective or complete an activity that could not be achieved by the others acting independently

Management is the coordination of all resources through the processes of planning, organizing, directing and controlling , motivating in order to attain the specific objectives Management is the Process of getting things done Effectively and Efficiently, through and with other people

EFFICIENCY & EFFECTIVENESS

(Efficiency) Input Resource Low Waste SUCCESS
(Effectiveness)

Input Efforts

High Efforts

CHARACTERISTICS
Goal-Directed Activity
Co-ordination Decision Making

Economic Activity

MANAGERIAL FUNCTIONS
Management
Planning Organizing Staffing Directing Controlling

LEVELS OF MANAGEMENT
Director of Institute

Head of Committee

Members of Committee

Power Concentration

SCIENCE
Science is a systematic body of knowledge based on certain principles, capable of general application and also pertaining to a specific field of enquiry
This knowledge is obtained through the process of observation, experimentation and testing

MANAGEMENT AS A SCIENCE
Management is a science because it has all the characteristics of science i.e Systematic body of knowledge Management is a social science

Management is a soft science

Management is an inexact science

ARTS
It is the application of knowledge and personal skills to achieve results

It is based on the knowledge of principles offered by science

It can be improved through constant practice only

MANAGEMENT AS AN ART
Management is a arts because it has all the characteristics of arts i.e Use of Knowledge Creative Art Personalized Constant Practice

DIFFERENCE BETWEEN SCIENCE & ARTS

SCIENCE Advance by knowledge Proves by experiment Predicts Defines ARTS Advance by practice Feels Guesses Describes

Thus, management is art as well as science

ENVIRONMENT
Business organization is greatly influenced by the happening in its environment Business environment strongly influences the achievement of intended objectives,implementation of strategies, internal functioning and even the existence of business organization

TYPES OF ENVIRONMENT
Environment of Business Management

Internal Environment

External Environment

Micro Environment

Macro Environment

INTERNAL ENVIRONMENT
Internal environment consists of the elements that are within the business organization and largely under its control The elements constituting the internal environment are :Manageme nt structure and nature

Labour

Internal Environm ent

Financial factors

Physical assets and facilities

EXTERNAL ENVIRONMENT
All outside factors that may affect on an organization make up The elements of the external environment are not within the direct control of the organization Two Type: Micro Environment Macro Environment

MICRO ENVIRONMENT
The micro environment is also known as the task environment and operating environment because the micro environmental forces have a direct bearing on the operations of the firm The Constituents of micro environment : Suppliers Customers Competitors

MACRO ENVIRONMENT
The macro environment consists of constituents that are beyond the control of business organization The effect of changes in the macro environment on the business is indirect Therefore, it is also termed as General (Societal) Environment The Constituents of macro environment : Social Environment Political Factor Technological Factor Economic Factor

MANAGERS
Person responsible for planning & directing the work of a group of individuals, monitoring their work, and taking corrective actions when necessary

ENTREPRENEURS
A person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk

MANAGER V/S ENTREPRENEUR

CHARACTERISTICS ENTREPRENEUR MANAGER
1) Behavior Characterized by 2) Management Style 3) Driving Force 4) Organizational Growth 5) Decision Making 6) Definition of Aim 7) Attitude towards Risk 8) Attitude towards Money 9) Status 10) Reward Desire for Control One-man show Creativity-Innovation Rapid reaction Intuitive In Terms of VISION Calculated Risk A By-Product Self-employed Increased Profits Delegation of Authority Management Team Establish and preserve the status quo Strategic Planning Collect information And Seek Advice In Commercial Terms Avoids/Minimizes Risk A Measure of Success Salaried Person Bonus

CONCLUSION
There is no simple process to help an individual become an effective manager There are many different opinions with respect to what a manager actually is: a Facilitator or Controlling Manager should know when to perform which role in order to get things done through people in an effective and efficient manner

Facts
Scientific Tools Ltd. is the company based in Mumbai and has a turnover of

Rs. 30 crores
Mr. R. S. Tiwari was promoted from a field sales manager to the head office

as an assistant product manager and he was well qualified for this post
Mr. Aspi Bhatena is the Vice President of the marketing department. He is

very disciplined and straight forward

Mr. Sunderlal is the marketing Director of Scientific Tools Ltd Mr. Aspi called a meeting of the product manager and other staff to plan

marketing strategies. But, since the product manager was not present, Mr. Sunderlal invited Mr. Tiwari to attend the meeting just to orient him to his new job

Issues
Since Mr. Aspi was not getting satisfying answers from

the staff, he became very furious and later turned to Mr. Tiwari and asked him about his group of product, Mr. Tiwari in all honesty accepted that he did not know the answers
On hearing this reply, Mr. Aspi was visibly shaken. He

addressed everyone and told that such a person does not deserve to be part of this organization

SWOT
Strengths: Weakness :

(1) Mr. Aspi is very goal oriented

(2) He is very disciplined (3) Straight forward

(1) Short tempered

(2) Doesnt care for others feelings (3) De Motivating the employees

Opportunity: (1) Improving his behaviour

Threats: (1) Lack of job satisfaction for the employees (2) This would lead to employees ----leaving the organization .