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Dr. Bijaya Mishra

 R 
  

The process of reaching organizational goals

by working with and through people and other
organizational resources.
 CHARACTERISTICS
ANAGEENT

4 ïs a Process /a function.
4 ïs a Social Process.
4 ïnvolves Group Effort.
4 Aims at achieving predetermined objectives.
4 Required at all levels of management
4 ïs a Profession
4 ïs comprised of following functions: Planning, Organising,
Staffing, Directing, Controlling
4 ïs an art and science
 R   
To guide the organizations towards goal
accomplishment
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Chapter 1: PowerPoint 1.5

 The functions of management

   

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activities to resources and the employees¶ the
achieve the activities to organization activities organization¶s
organization's achieve the with qualified toward activities
objectives organization¶s people achievement to keep it
objectives of objectives on course
 
   

4 c
 w defining goals, establishing an overall strategy to
achieve the goals, developing a comprehensive set of plans to
integrate and coordinate activities

4   

 §the structuring of resources and activities to

accomplish objectives in an efficient and effective manner.
Õ Oringing people together and tying them together in the pursuit
of common objectives.
Õ Enumeration of activities, classification of activities, fitting
individuals into functions, assignment of authority for action
4 S
  hiring people to carry out the work of the
organization.
4 

 act of guiding, overseeing and leading
people,motivating, leadership, decision making
4 C 
 § monitoring/measuring an organizations
performance, comparing results to plans, if needed
correcting actual performance
 ANAGEENTANAINISTRATIN

 
A


 
  

4 ¢unction of industry 4 ¢unction of industry

concerned concerned
with determination of in the execution of
corporate policy policy
coordination of finance, within the limits setup
production and by administration
distribution
 On Difference contd«

4  process of thinking 4  process of actual

more at higher levels operation.

4 More at higher levels 4 Less at higher levels

Less at lower levels More at lower levels
   I
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Management is an all inclusive function.

4 Top Management ormulation of policy, coordination,
motivation of personnel.
4 Middle Management ormulation of policies to a lesser
extent, coordination, motivation and planning control.
4 Lower Management
upervision and control of day to
day activities including administrative procedures.
 N




Cannot distinguish which activities belong to

Management and which to administration .
4 Administration  igher executive functions in
government public utility etc.
4 Management §
sed for the same function in the
business sector.
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IEx  
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n Organizationƞs Environment
Ka) Competitors, industry size and Kg) Recession, unemployment rate,
competitiveness, related issues inflation rate, rate of investment,
Kb) Suppliers, K
K
economics, growth
 
 
manufacturers, real    
Kh) City, state, federal laws
estate, services and regulations, taxes,
K

Kc) Labor market, K
services, court system,
  

&"#$ !

employment agencies,   political processes
 
universities, training Ki) Age, values, beliefs,
schools, employees K

education, religion,
K

in other companies,  work ethic, consumer
 
unionization   and green
  "#$%#"$
 
Kd) Stock markets, movements
banks, savings and K
K
Kj) Competition from
loans, private    
and acquisition by
investors       foreign firms,
   
Ke) Customers, clients, K
entry into overseas
K

potential users of products  markets, foreign


 
and services   customs, regulations,
Kf) Techniques of production, science, exchange rates
computers, information technology
 Rhat is CSR

ow companies manage the business processes to

produce an overall positive impact on society.
Õ conducting business in an ethical way & in the
interest of the wider community
Õ Responding positively to emerging societal priorities
& expectations
Õ Shareholder interest + wider community
Õ Oeing a good citizen in the community
 O

4 Attraction & retention of staff
4 Attracts ethically conscious customer
4 Differentiates firm from its competitor and can be a
source of competitive advantage
4 Lead to increased profitability in the long run