Strategies exist at several levels in an organisation and can range from the overall business or group of businesses through to the individual employees.This is a short look at the importanc…Full description
GOOD FOR MANAGEMENTS STUDENTS
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A presentation of basic understanding for new supervisors and manages.
Quick globalization, the financial crisis and the ever changing business environment make the current financial management more complicated than ever. Since the financial decisions taken by the International Finance Management IFM have taken place, t
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Financial Management Nature And Scope Details of topic
Nature and ConceptFull description
Importance of International Management and Its ImpactsFull description
Written by: Hafiz Ahsan ilahi Introduction: 1. WHAT IS COMMUNICATION? The word communication means the act or process of giving or exchanging of information, signals, or messages as by ta…Full description
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Leadership and StrategyFull description
UNIT- I • MANAGEMENT CONCEPT, NATURE, IMPORTANCE, MANAGEMENT ART AND SCIENCE, MANAGEMENT AS A PROFESSION, MANAGEMENT VS ADMINISTRATION, MANAGEMENT SKILLS, LEVELS OF MANAGEMENT, CHARACTERISTICS OF QULAITY MANAGERS • EVOLUTION OF MANAGEMENT: EARLY CONTRIBUTION,TAYLOR ND SCIENTIFIC MANAGEMENT, FAYOL’S ADMINISTRATIVE MANAGEMENT, BUREAUCRACY, HAWHRONE EXPERIMENTS AND HUMAN RELATIONS, SOCIAL SYSTEM APPROACH, DECISION THEORY APPROACH
MANAGEMENT - CONCEPT Traditionally management meant getting things done by others. In this context C.S.Geroge views," management consists of getting things done through others, a manager is one, who accomplishes objectives by directing the efforts of others”.
NATURE
Management is goal oriented or purposive activity Management is group activity Management is a universal process or pervasive activity Management is multi-disciplinary Management is ongoing activity/continuous process Management is a social process Coordination of human and physical resources or management integrates human and physical resources Activating employees Management is both a science and an art
IMPORTANCE
Achieving business objective Optimum use of business resources Effective leadership and motivation Effective organization and co-ordination Establishing clear authority and responsibility Solution of labour problems Fulfilling social responsibility
MANAGEMENT:ART AND SCIENECE
MANAGEMENT AS AN ART Practical knowledge Personal skill or application is personalized Concrete result Constructive objectives Perfection through practice
MANAGEMENT AS SCIENCE Universally accepted principles A method of scientific enquiry Establishing relationship between causes and their effects Verifiability of the principles Predictability of results
MANAGEMENT AS A PROFESSION
Specialized body of knowledge and skill Formal training Social responsibility Code of conduct
DIFFERNCE BETWEEN MANAGEMENT AND ADMINISTRAT ADMINISTRATION ION Points of difference
administration
management
1.Primary functions
Formulation of policies
Implementing of policies
2.Type of functions
Decision making executive
3.Nature of functions
Decides what & Concerned with when to be done who should do it and how should it be done
4.Level of functions
Top level
Middle level
5.Phyical involvement
Thinking function
Doing function
6.influence
Influenced by external forces such as public opinion, government policies etc
Influenced by internal forces within the enterprises
Education Training Leadership Personality Scientific outlook Ability to do and get work done Self confidence Honest Politeness Technical proficiency Human touch
NEO CLASSICAL APPROACH •HUMAN RELATIONS APPROACH •SOCIAL SYSTEM APPROACH •DECISION THEORY APPROACH
MODERN APPROACH •SYSTEM APPROACH •CONTINGENCY APPROACH
SCIENTIFIC MANAGEMENT
In words of F.W Taylor," scientific management is the art of knowing exactly what you want your men to do and then seeing that they do it in the cheapest way.
ELEMENTS AND TOOLS OF SCIENTIFIC MANAGEMENT
SEPERATION OF PLANNING AND DOING FUNCTIONAL FOREMENSHIP JOB ANALYSIS STANDARDISATION SCIENTIFIC SELECTION AND TRAINING OF WORKERS FINANCIAL INCENTIVES ECONOMY MENTAL REVOLUTION
PRINCIPLES OF SCIENTIFIC MANAGEMENT
HAMONY ON GROP ACTION COOPERATION MAXIMUM OUTPUT DEVELOPMENT OF WORKERS
FAYOL’S ADMINISTRATION MANAGEMENT
DIVISION OF WORK PARITY OF AUTHORITY AND RESPONSIBILITY DISICIPLINE UNITY OF COMMAND UNITY OF DIRECTON SUBORDINATION OF INDIVIDUAL INTEREST TO GENERAL INTEREST FAIR REMUNERATION TO EMPLOYEES CENTRALISATION AND DECENTRALISATION SCALAR CHAIN ORDER EQUITY STABILTY OF TENURE OF PERSONNEL INITIATIVE ESPRIT DE CORPS
BUREAUCRACY Bureaucracy is an administrative system designed to accomplish large scale administrative tasks by systematically coordinating the work of many individuals
FEATURES Administrative class Hierarchy Division of work Official rules Impersonal relationships Official record
ELTON MAYO THE HAWTHORNE EXPERIMENTS AND HUMAN RELATIONS
Studies carried out at the Hawthorne Plant of the Western Electric Company in Chicago between 1927 and 1932
EXPERIMENTS
ILLUMINATION EXPERIMENTS RELAY ASSEMBLY TEST ROOM EXPERIMENTS MASS INTERVIWING PROGRAMME BANK WIRING OBSERVATION ROOM EXPERIMENTS
IMPLICATIONS OF HAWTHRONE EXPERIMENTS
SOCIAL FACTORS IN OUPUT GROUP INFLUENCE CONFLICT LEADERSHIP SUPERVISION COMMUNICATION
SOCIAL SYSTEM APPROACH
Introduced by vilfredo pareto Developed by Chester barnard
CONTRIBUTION OF BARNARD
CONCEPT OF ORGANISATION FORMAL AND INFORMAL ORGANISSATION ELEMENTS OF ORGANISATION ORGANISATION AUTHORITY FUNCTIONS OF THE EXCUTIVE MOTIVATION EXCUTIVE EFFECTIVENESS ORGANISATIONAL ORGANISATIONAL EQULLIBRIUM
BUSINESS ETHICS & SOCIAL RESPONSIBILITY BUSINESS ETHICS:
business ethics is a specialized study of the moral standards that apply to business policies, institutions, organizations, and behavior.
SOCIAL RESPONSIBILITY :
social responsibility of the business is to follow those lines of action, which are desirable in terms of the objectives and values of our society.
ETHICS TOOLS
Codes of Ethics Codes of Conduct Policies and Procedures Resolving Ethical Dilemmas Training