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Welcome: TO Management

This document introduces management by defining it as the systematic organization of economic resources to make them productive. It discusses the 4 Ms that must be managed: machine, material, money, and men. Management aims for effectiveness through doing the right things and efficiency by doing things right. The functions of management include planning, organizing, staffing, directing, and controlling. It outlines the contributors to the development of management theories and different approaches to management. Finally, it provides brief overviews of the key aspects of planning, organizing, staffing, directing, and controlling as functions of management.

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0% found this document useful (0 votes)
119 views

Welcome: TO Management

This document introduces management by defining it as the systematic organization of economic resources to make them productive. It discusses the 4 Ms that must be managed: machine, material, money, and men. Management aims for effectiveness through doing the right things and efficiency by doing things right. The functions of management include planning, organizing, staffing, directing, and controlling. It outlines the contributors to the development of management theories and different approaches to management. Finally, it provides brief overviews of the key aspects of planning, organizing, staffing, directing, and controlling as functions of management.

Uploaded by

kaiparaghu
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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You are on page 1/ 16

WELCOME

INTRODUCTION
TO
MANAGEMENT

Raghuram-KIAS 1
Raghuram-KIAS

What is ‘Management’ ?

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Raghuram-KIAS

-- What Managers do.

It is concerned with the systematic


organisation of economic resources and its
task is to make these resources productive
- Peter Drucker

The art of getting things done through and


with people in formally organised groups
- Koontz

3
Raghuram-KIAS

What to be Managed ?

4 Ms
• Machine
• Material
• Money and
• Men

4
Raghuram-KIAS

Why Management ?

Effectiveness
doing Right things
Efficiency
doing things Right

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Raghuram-KIAS

Nature of Management:

• Multi disciplinary
• Dynamic Nature of Principles
• Relative but not absolute
• Science & Art
• Universality

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Functions of Management:

General Operative
1.Planning Production
2.Organising Marketing
3.Staffing Finance
4.Directing and Human Resource ….etc
5.controlling
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Raghuram-KIAS

LEVEL – SKILL GRID

Top Level

Middle Level

Supervisory

Technical Human Conceptual


Skill Skill skill

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Raghuram-KIAS

Contributors to the development of


Management

F.W.Taylor – Scientific Management

Henry Fayol – General Principles


Chester Barnard – Social Systems Theory

Peter Drucker

Elton Mayo etc


9
Approaches to Management
Raghuram-KIAS

•Empirical Approach
•Human Behaviour Approach
•Social Systems Approach
•Socio-Technical Systems Approach
•Decision Theory Approach
•Management Science Approach
•Systems Approach
•Contingency or Situational 10
Raghuram-KIAS

Planning: Plans
Vision
Vision
Mission
Mission
Objective
Objective
Strategy
Strategy
Policy
Policy
Procedures
Procedures
Projects
Projects
Budgets
Budgets
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Raghuram-KIAS

Organising

•Authority- Responsibility concept


•Line & Staff Relationship
•Organisation Structures
•Delegation & Decentralisation
•Groups

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Staffing
•Human Resource Planning
•Recruitment & Selection
•Training & Development
•Performance Appraisal

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Raghuram-KIAS

Directing
Douglas McGregor’s Theory X & Theory Y

Motivation Theories:
Maslow’s Needs Theory
Herzberg’s two factor theory
McClelland’s Needs Theory
Vroom’s Theory
Leadership

Communication
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Controlling

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Thank you

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