MANAGEMENT- A PRELUDE

Francis Bacon
A prudent
question is
one-half of
wisdom

What is Management ?

Conventional
Definition
Management
is getting
work done
through
people

Modern
Definition
Management
is developing
people
through
work

Contributions
of Management
Thinkers

F W Taylor

Father of Scientific
Management
The principle object
of management
should be to secure
the maximum
prosperity for the
employer, coupled
with the maximum
prosperity for each
employee

Harold
Koontz
and
Cyril
ODonnell

Management is
the process of
designing and
maintaining an
environment in
which individuals,
working together
in groups,
efficiently
accomplish
selected aims.

Peter Drucker
Most of what we
call management
consists of
making it
difficult for
people to get
their work done

Henry Fayol
Fourteen
Principles of
Management

Management Gurus

C.K. Prahalad
Professor, Researcher,
Speaker, Author &
Consultant
The Fortune at the
Bottom of the Pyramid
Competing for the
Future
In Search of Excellence

Bill Gates
Man Behind
Microsoft
The Road Ahead
Inside Out

Business @ the
Speed of Thought

Arindam Chaudhuri
Entrepreneur,
Educator, Author, &
Consultant
The Great Indian
Dream
Count Your Chickens
Before They Hatch

Shiv Khera
Founder, Qualified
Learning System,
Motivational Speaker &
Communication Trainer
You Can Win

Living with Honour

Freedom is not Free

Gita Piramal
Business Writer,
Managing Editor of
The Smart Manager,
Indias first world-class
management magazine
World Class in India
Business Legends
Managing Radical
Change

P
O
S
D
Co
R
B

Planning
Organizing

Staffing
Directing
Coordinating

Reporting
Budgeting

Planning
He who
fails to
plan, plans
to fail

Planning
Basic function of
management
Determining the
objectives

Selecting a course
of action to achieve
the objectives

Planning process
Determination of the goal of the
organisation
Formulating policies, rules, procedures etc,
for the organisation
Forecasting the future based on past &
present activities.

Organizing
Organizing is
what you do
before you do
something, so that
when you do it, it
is not all mixed up

Organising
Process of establishing
harmonious AuthorityResponsibility
relationship among the
members
Function of creating a
structure of duties and
responsibilities
Includes assembling
required sources to
attain organizational
objectives

Organising Process
Identification & analysis of activities
required for the attainment organisational
objectives.
Assignment of duties to the individuals
concerned
Follow-up the activities

Staffing
To establish and
maintain sound
personal relations at
all levels
Aimed at
Obtaining
Utilising
Maintaining

a satisfied work force

Staffing process
Selecting candidates for the positions,
Fixing Salary
Developing them for effective
organizational functions.

Directing
If you dont know
where you are
going, no road
will take you there

Directing
Managerial function of
Guiding
Supervising
Motivating
Leading people
towards the attainment
of planned targets of
performance

Directing process
Motivation, Leadership and Communication
are three important sub function of
directing.
Motivation helps to increase the
performance of the workers.
Communication provides with proper
information to improve the effective
Management.
Leadership is the process by which a
manager guide & influences the work of his
subordinates.

Coordinating
Essence of
Management
Orderly pattern of
arrangement of
group efforts to
ensure unity of
action in the
pursuit of common
objectives

Reporting
Collection of
information
Analysis of
data
Interpretation
Feedback

Budgeting
Financial tool
for business
To project
future income
& expenses
To allocate
resources

Manage
Men
(Management is
all about
managing men)