ASSIGNMENT ON INDUSTRIAL MANAGEMENT

“MANAGEMENT PROCESS ACTIVITIES”

SUBMITTED BY:
NAME : AMIT KUMAR
DEPARTMENT : ECE
NO. : 31430030
 WHAT IS MANAGEMENT??

Management is essential for an organized life and necessary to

run all types of management. Good management is the
backbone of successful organizations. Managing life means
getting things done to achieve life’s objectives and managing an
organization means getting things done with and through other
people to achieve its objectives.

Whether management is an art or science, will continue to be a

subject of debate. However, most management thinkers agree
that some form of formal academic management background
helps in managing successfully. Practically, all CEO’s are
university graduates. Hence, the reason for including business
degree programs in all academic institutions.
DEFINITION :

Many management thinkers have defined management in their

own ways. For example, Van Fleet and Peterson define
management, ‘as a set of activities directed at the efficient and
effective utilization of resources in the pursuit of one or more
goals.’
Management is a problem-solving process of effectively
achieving organizational objectives through the efficient use of
scarce resources in a changing environment.
Management in some form or another is an integral part of living and is
essential wherever human efforts are to be undertaken to achieve
desired objectives. The basic ingredients of management are always at
play, whether we manage our lives or our business.
MANAGEMENT PROCESS ACTIVITIES :

1) PLANNING
2)ORGANIZING
3)LEADING
4)CONTROLLING

All of the four mentioned activities are hilghly responsible for a

good management to take place effectivily and efficiently.
Each factor has its own roles which is needed to beexecuted by
the organisation or the managemnt team.
So now I would like to explain each of these factors briefly and
would like to explain how these attributes effect the
management process activities.
A) PLANNING :

Planning means defining performance goals for the

organization and determining what actions and resources are
needed to achieve the goals. Through planning, management
defines what the future of the organization should be and how
to get there. Strategic Plans are long-term and affect the entire
organization. A strategic plan bridges the gap between what an
organization is and what it will become. Tactical plans translate
strategic plans into specific actions that need to be
implemented by departments throughout the organization. The
tactical plan defines what has to be done, who will do it, and
the resources needed to do it.
ADVANTAGES OF PLANNING:

1. Planning leads to more effective and faster achievements in

any organization
2. Since planning foresees the future and also makes a
provision for it, it gives an added strength to the business for its
steady growth and continuous prosperity.

3. It secure unity of purpose, direction and effort by focusing

attention on the objectives. Hence, unnecessary duplication,
overlapping and cross-purpose w
4. It has the effect of minimizing the cost of operation.

5. It facilitates the process of decision

B) ORGANIZING :

Once plans are made, decisions must be made about how to best
implement the plans. The organizing function involves deciding
how the organization will be structured (by departments, matrix
teams, job responsibilities, etc.). Organizing involves assigning
authority and responsibility to various departments, allocating
resources across the organization, and defining how the
activities of groups and individuals will be coordinated.
A comprehensive approach to organizing helps the
management in many ways. Organizing aligns the various
resources towards a common mission.

Each organization has its own external and internal

environments that define the nature of the relationships
according to its specific needs. Organizing is the function that
managers undertake to design, structure, and arrange the
components of an organization’s internal environment to
facilitate attainment of organizational goals.
ADVANTAGES :

1)Efficient Administration

It brings together various departments by grouping similar and

related jobs under a single specialization. This establishes
coordination between different departments, which leads to
unification of effort and harmony in work.

It governs the working of the various departments by defining

activities and their authority relationships in the organizational
structure. It creates the mechanism for management to direct
and control the various activities in the enterprise.

2)Resource Optimization

Organizing ensures effective role-job-fit for every employee in

the organization. It helps in avoiding confusion and delays, as
well as duplication of work and overlapping of effort.
3)Creates Transparency

The jobs and activities performed by the employees are clearly

defined on the written document called job description which
details out what exactly has to be done in every job. Organizing
fixes the authority-responsibility among employees. This brings
in clarity and transparency in the organization.
C) LEADING :

Nearly everything that is accomplished in an organization is

done by people. The best planning and organizing will not be
effective if the people in the organization are not willing to
support the plan. Leaders use knowledge, character, and
charisma to generate enthusiasm and inspire effort to achieve
goals. Managers must also lead by communicating goals
throughout the organization, by building commitment to a
common vision, by creating shared values and culture, and by
encouraging high performance. Managers can use the power of
reward and punishment to make people support plans and
goals. Leaders inspire people to support plans, creating belief
and commitment. Leadership and management skills are not
the same, but they can and do appear in the most effective
people.
ADVANTAGES OF A GOOD LEADER IN A
MANAGEMENT PROCESS:
1) HONESTY AND INTEGRITY.

2) CONFIDENCE.

3) INSPIRE OTHERS.

4) COMMITMENT AND PASSION.

5) DECISION MAKING ACCOUNTABILITY.

6) CREATIVITY AND INNOVATION.

7) EMOTIONAL INTELLIGENCE.

8) VISION AND PURPOSE

D) CONTROLLING :

There is a well-known military saying that says no battle plan

survives contact with the enemy. This implies that planning is
necessary for making preparations, but when it’s time to
implement the plan, everything will not go as planned.
Unexpected things will happen. Observing and responding to
what actually happens is called controlling. Controlling is the
process of monitoring activities, measuring performance,
comparing results to objectives, and making modifications and
corrections when needed. This is often described as a feedback
loop, as shown in the illustration of a product design feedback
loop.

Controlling may be the most important of the four

management functions. It provides the information that keeps
the corporate goal on track. By controlling their organizations,
managers keep informed of what is happening; what is working
and what isn’t; and what needs to be continued, improved, or
changed. ThyssenKrupp had little experience in elevator
manufacturing when it was making plans. It was developing
new products and processes and entering new markets. The
management knew it could not anticipate all the difficulties it
would encounter. Close monitoring as the plan progressed
allowed the company to make changes and state-of-the-art
innovations that have resulted in a very successful transition.
.