unit 1- introduction to me

7/29/2019 Unit 1- Introduction to ME

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Management &

Enterpreneurship


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Introduction to the subject

A Business Scenario

A five decade story of SSI in India

Entrepreneurship Meaning & its

Scope

Important Points:


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Entrepreneurship contribution to

big scale industries

Managing an Enterprise

Entrepreneur responsibilities

Important Points:


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Organization goals

Projects of an Entrepreneur The Need of Management

***

Important Points:


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UNIT 1 - MANAGEMENT

Introduction

Meaning of the Management

Importance of the Management


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It is all about a deal of 4 Ms

Men,Money,Material & Machines

Importance of the Management intwo ways,

1. It Helps in growth of country

2. It is Dynamic & It is also lifegiving


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Preliminary Definition - 1

There is no universal definition for theManagement.

As per Mary Parker Follett it is

Art of getting things done throughpeople

This definitions two weaknesses are,

The word Art is simply half truth,which is not application of knowledgeand also it doesnt show functions ofManager.


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Preliminary Definition - 2

These weaknesses are covered in the next

George R. Terrys definition saying ...

Management is a process consisting of

planning, organizing, actuating and

controlling, performed to determine and

accomplish the objectives by the use ofpeople & resources


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Management a Science

Management as Art

Management as Profession

Management Category :


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Management & Administration

One approach

Another approach

Conclusive


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Management Functions :

Whatever may be the objectives,Management is the process to achieve

them.Achieving needs systematic functioning

and their classifications.

Even though there is conflict between the

management writers towards classifyingthe functions from four to seven as per

Luther Gulick it is Planning , Organizing,Staffing, Directing, Coordinating, Reporting

and Budgeting


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Management Functions:

The same can be remembered with a keyword

POSDCORB

Management

Coordinating

Organizing

Budgeting

Staffing

Directing

Planning

Reporting


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Planning

Decision making advance and an action involving4 important

To organize business well we need to satisfythe requirements in proper way.Organizing

StaffingAdding up new staff and apprising the

existing based on their skill is main function


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Directing

Leading the people towards the definesobjectives(communication, leadership &motivation)Controlling

Measuring performance against plans andgoals.


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Roles of Management:

15 The standard 3 roles categorized are

Management

Interpersonal Informational Decisioanl


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Levels of Management:

16 3-standard types are

First Line Mgr

Middle Line Mgr

Top Line MgrChairman, Director, President,

vice-president, CEO

Finance mgr, sales mgr, mktg.

mgr and other dept. heads.

Supervisor foreman

and instructor


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Levels and Skills

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Top Level

Middle Level

First Line

Conceptual & Decision

Skills

Human Skills

Technical Skill


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Early Management approach:

Psychological development

Scientific Management Administrative Management

Human relations Management


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Development of Mgmt. a Example


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Modern Management Approach:

Behavioral approach

Systems approach

Quantitative approach Contingency approach


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unit 1- introduction to me

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