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Principles of management VMSundaram Management Gurus f.w.taylor - Scientific management guru Hendry Foyal - Modern management "to manage is to forecast to plan to organize to command to co-ordinate and to control" management is business goal oriented Levels of Management - Authority Top management (Policy makers, CXOs) Middle managementResponsibility (Departmental managers) - Responsibility Lower level management (superintendents)
Principles of management VMSundaram Management Gurus f.w.taylor - Scientific management guru Hendry Foyal - Modern management "to manage is to forecast to plan to organize to command to co-ordinate and to control" management is business goal oriented Levels of Management - Authority Top management (Policy makers, CXOs) Middle managementResponsibility (Departmental managers) - Responsibility Lower level management (superintendents)
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Principles of management VMSundaram Management Gurus f.w.taylor - Scientific management guru Hendry Foyal - Modern management "to manage is to forecast to plan to organize to command to co-ordinate and to control" management is business goal oriented Levels of Management - Authority Top management (Policy makers, CXOs) Middle managementResponsibility (Departmental managers) - Responsibility Lower level management (superintendents)
Drepturi de autor:
Attribution Non-Commercial (BY-NC)
Formate disponibile
Descărcați ca PPT, PDF, TXT sau citiți online pe Scribd
VMSundaram Management Gurus • F.W.Taylor – Scientific management guru • Hendry Foyal – Modern management
“ To manage is to forecast to plan to
organize to command to co-ordinate and to control” Mangement • Forecast • Plan • Organize • Command • Co-ordinate • control Management Process of management General or Industry • Planning • Organizing • Commanding • Co-ordinating • controlling 5Ms • Money - Finance management • Man - HR or Personal management • Machine - Operation management • Material - Purchase management • Management
Management is business goal oriented
Levels of Management • Top management - Authority (Policy makers, CXOs)
• Middle management- Responsibility
(Departmental managers)
• Lower level management - Responsibility
(supervisory cadre office superintends) Principles of management • Division of work • Maintaining discipline • Unity of direction • Centralization • Order • Authority • Unity of command • Equity • Subordination of individual interest to general interest • Span of control • responsibility Planning Planning is Primary function of management according to Haimman
“Planning is deciding in advance what
is to be done” Characteristics of planning • Based on objectives and policies • Mental activities • It is primary function of management • Planning is to be flexible and variable • Planning is proposal, it should be communicated to all concerns • Planning has close relationship with time • It has a dynamic aspects • It concerns future activities • It is based on facts • It is directed towards efficiency • It is decision making process • Planning is goal oriented • Planning is a intellectual process Process of planning • Establishment of clear cut objective • Building the essential premises for planning • Identifying alternate course of action • Evaluating alternate course of action • Choose of the best course of action Type of plan • Policies General statement for understanding to guide thinking • Procedure Manner in which activities are performed • Rules Definite action to be taken or not to be taken Type of plan • Strategies Action plan based on actual plan • Programs Single use plan for new and non repetitive activities • Budget Time bound plans expressed in quantitative terms Type of plan • Forecasting Estimating word in the wrong future inferences from the known facts • Decision making Choosing between alternative course of action