1 MGT Hsstimes Slide
1 MGT Hsstimes Slide
1 MGT Hsstimes Slide
MANAGEMENT
“To manage is to
forecast and to plan, to
organise ,to command,
to coordinate and to
control.”
DEFINITION 3 -Henry L. Sisk
Effectiveness Vs Efficiency
Effectiveness means accomplishment of
goals
Efficiency means accomplishment of
goals at minimum possible cost through
optimum utilization of resources.
CHARACTERISTICS OF MANAGEMENT
➢
Restricted entry:Anyone can become a manager irrespective of
the educational qualification.
➢
Professional association:In case of management various
management associations are set up at national and international
levels. Eg:AIMA,National Institute of Personal Management etc
➢
Ethical code of conduct:All India Management Association
(AIMA) has devised a code of conduct for Indian managers
We can conclude that presently all the features of profession are not present in
management but very soon,these will be included in the management So we can say
management is on the path of becoming a profession.
MANAGEMENT ASSOCIATIONS
MIDDLE
2) Middle Level (Executory level):
Middle level management consists of
departmental heads. They are responsible for
implementing the plans and strategies developed by
top level managers.
They receive orders and instructions from top
managers and get the work done through lower
managers. They act as a link between top
management and supervisory management.
Middle level management consists of -
Production manager
Purchase manager
Sales manager
Marketing manager
Finance manager
Human resource manger
Functions of Middle Level Management:
3)Staffing:
4)Directing:
5)Controlling:
FUNCTIONS OF MANAGEMENT
FUNCTIONS OF MANAGEMENT:
The activities or elements which a
manager performs are called functions of
management.
They are planning, organizing, staffing,
directing and controlling.
1)Planning:
Planning:
Planning means deciding in advance what to do
and how to do it. Planning is a process of thinking
before doing.
Planning is concerned with the determination of
the objectives to be achieved and the course of
action to be followed to achieve them.
2)Organising:
Organising:
Organising refers to identification and
grouping of activities to be undertaken in the
organization and establishing an organizational
structure to execute the plan. It includes-
a)Identification & grouping of activities.
b)Bring together all resources.
c)Establish a productive relation.
3)Staffing:
Staffing:
Staffing refers to procure suitable
employees to fill various jobs in the
enterprise. Its aim is to place the right
person for the right job and at the right
time.
a)Integration
b)Balancing
c)Timing