Management The organization and coordination of the activities of a business in order to achieve defined objectives. The basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises. Management consists of the interlocking functions of creating planning‚ organizing‚ directing‚ and controlling an organization’s resources in order to achieve the objectives of the organization
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Planning Function of Management Failing to plan is planning to fail Planning in Management Planning is deciding in advance what to do and how to do.It is one of the basic managerial functions. Before doing something‚ the manager must formulate an idea of how to work on a particular task. Thus‚ planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives. Planning Definition "Planning
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Unit 1 Evolution of Management Thought Learning Outcome After reading this unit‚ you will be able to: • • • • • Explain the basic features of Management and Organisation Understand various approaches to Management Philosophy Know about Mathematical and Behavioural Serial Schools of Management Identify the Contributions and Limitations of Scientific Management State Administrative Management Time Required to Complete the unit 1. 2. 1st Reading: It will need 3 Hrs for reading a unit 2nd
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What did the early advocates of OB contribute to our understanding of management? Four people stand out as early advocates of OB in management:- I. Robert Owen(late 1700s) - proposed a utopian workplace He also concerned about deplorable working conditions Argued that money spent improving labour was a smart investment II. Hugo Munsterberg (early 1900s) - created field of industrial psychology - suggest using psychological test for employee selection‚ learning theory concept for employee training
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Management UNIT 1 – MODULE 1 INTRODUCTION TO MANAGEMENT © 2006 Captus Press Inc. 1 Learning About Management Everyone knows something about management But preconceptions can block new understanding © 2006 Captus Press Inc. 2 New understanding requires an OPEN MIND That’s certainly one way to do it… © 2006 Captus Press Inc. 3 © 2006 Captus Press Inc. 1 Management Definition and Purpose of MANAGEMENT © 2006 Captus Press Inc. 4 Management Is responsible
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Introduction Human relations means a school of management that emphasizes the importance of social processes in the organization and its core concept is to view workers’ interactions and relationships in companies. The human relations movement stem from the 1930s’ Hawthorne studies thattested the influences of workers’ satisfaction inworkplace (Levitt and List‚ 2011). Furthermore‚ it also leads to the origination of the human resource management. Elton Mayo‚ one of the most important industrial
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* 50 %women in management; 2.6% women in top management * Managerial level: non-managerial employee-first-line- middle- top * Management involves coordinating and overseeing the work activity * Managerial concerns: * Efficiency (means): doing things right- getting the most output for the last inputs( resource usage) Low waste * Effectiveness (ends) : doing the right things- attaining organizational goals (goal attainment) High attainment Management Strives for: low
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Student Self-administered case study Introduction to PoM ‐ Management Case duration (Min): 45-60 Principles of Management (PoM) Introduction to PoM Worldwide Case summary: This case uses a brief video clip that focuses more on managerial behaviour ‐ the clip and a selection of the questions could either be used in a tutorial or lecture. Through its leaders and managers‚ organisations seek to do the right thing (effectiveness) as reflected in the organisat
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of Management Mason Carpenter‚ Talya Bauer‚ and Berrin Erdogan Chapter 3 History‚ Globalization‚ and Value-Based Leadership Learning Objectives © 2010 Jupiterimages Corporation Learn about the history of principles of management Know the context for contemporary principles of management Understand key global trends See how globalization is affecting management principles and practices Appreciate the importance of value-based leadership (ethics) in management
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happen‚ they must develop and implement management concepts which help them implement their vision for the future of the organization. Index ➤ Planning ➤ Organizing ➤ Directing/Leading ➤ Controlling ➤ Staffing - The Fifth Function The concept of functions of management was put forth by Henri Fayol‚ a management theorist from France‚ influential in proposing many of the management concepts in use today. Originally‚ he had proposed five management functions; namely‚ planning‚ organizing
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