presentation2 by yash vardhan
TRANSCRIPT
NAME – YASH VARDHANCOURSE – B.M.S(HONS.)SUBJECT – PRINCIPLES OF MANAGEMENT
SESSION – 2013-2014
TOPIC
Functions of managemen
t
WHAT IS MANAGEMENT
Management means – It is a creation of an internal environment where
individuals are working in a group can perform effectively and efficiently for
the achievement of their organisational goal.
BY – KNOOTZ AND O DNELL
FEATURES OF MANAGEMENT PROCESS
Management process is characterised by following features are :- Social process Continious process Universal Interrelated
Social process – The entire management process is regarded as a social process because success of all Organisational depends upon the co-operation of theWorkers.Continious process – Management functions are continious or never ending in nature because if one function is completed then automatically next will be started.Universal – Management functions are universal in nature because these functions are required in every Organisation, without management functions no organisation can survive.
Interrelated – Management functions are interrelated because the performance of the next function start only when the previous function was finished.
FUNCTIONS OF MANAGEMENT
PLANNINGPlanning means “ Thinking in advance what is to be done, when is to be done, how is to be done and by whom is to be done.
PLANNING PROCESS
Setting up of objectives Developing premises Listing various alternatives for achieving objectives
Evaluation of alternatives
Select an alternative
Implement the planFollow up
ORGANISINGOrganising means – identifying and grouping different activities in the organisation and bringing together the physical, financial, and human resource to establish most productive relations for the achievement of specific goal of organisation.
ORGANISING PROCESS
Identification and division Of work
Grouping the jobs anddepartmentalisation
Assignment ofduties
Establishing reportingrelationship
STAFFINGStaffing means - Finding the right person for the right job having the right qualification, doing the right job at the right time
STAFFING PROCESSEstimating the man power
requirement
Recruitment
Selection
Placement and orientation
Trainning and development
DIRECTINGDirecting means - Instructing, guiding, inspiring and motivating the employees in the organisation so that efforts results in achievement of organisational goal.
ELEMENTS OF DIRECTING
DIRECTING
Supervision
Motivation
Communication
Leadership
CONTROLLINGControlling means – Compare of actual performance with the planned performance. If there is any deviation then finding the reasons for such deviation and taking corrective measures so that in future there will be a match between actual and planned performance.
CONTROLLING PROCESSEstablishing standards
Measuring of performance
Comparing actual performance with
standards
Analysing the deviation
Taking corrective measures
Relative Amount of Time That Managers Spend on the Four Managerial Functions
CONCLUSION
To Sum Up, Management functions are not only helpful in achieving in any organisation’s goals butalso they help in getting disired results in each and every sphere of life. If these management functions are added with anicient Indian Moral & Ethical Values then it becomes Jewel-in-the-Crown. Thanks
BIBLOGRAPHY
Business studies book
Google images