Management

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Management Management as an ART Management is the art of getting things done through others

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Getting things done means to get tasks and activities carried out . So management is a highly performance oriented function Moreover getting things done through people is considered as an Art - as different skills are required to make people work Managers achieve results through their subordinates instead of performing the tasks themselves.

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Limitations : Management is much more than the task of getting things done - social obligations Organizations consists of two subsystems – technical as well as social. So management is art as well as science

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Management is the coordination of all resources through the processes of planning, organization, directing and controlling in order to attain stated goals

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It highlights the true nature of a manager’s job i.e. coordinating human and other resources It points out the functions of the manager It stresses the fact that management strives to achieve certain objectives

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5 M’s of Management Money Manpower Materials Machinery Methods

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Nature / Characteristics Universal Process Purposeful Creative Integrative Force Group Phenomenon Social Process Multidisciplinary Continuous Process Intangible Both Science and Art

Is Management A Profession ?? : 

Is Management A Profession ??

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A well defined and Organised Body of Knowledge Learning and Experience Entry restricted by qualification Recognised National Body Ethical Code of Conduct Dominance of Service Motive

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Levels of Management Board of Directors Managing Director Executive Directors Finance Manager Marketing Manager Branch Manager Sale Officers Chief Accountant Finance Officers Personnel Manager Labor Officers

Functions of Top Level Management1. To provide a basic sense of direction to the activities of the company by setting its long range mission and translating into clear set of objectives2. To design the organization structure of the company in terms of differentiated and integrated activities, role of various positions, authority & responsibility between them.3. Top management must ensure the quality of personnel in terms of their skills, orientations and commitment4. To ensure that the resource conversion and exchange systems are designed and operated efficiently.5. Periodic review of objectives for necessary modifications is a part of this function : 

Functions of Top Level Management1. To provide a basic sense of direction to the activities of the company by setting its long range mission and translating into clear set of objectives2. To design the organization structure of the company in terms of differentiated and integrated activities, role of various positions, authority & responsibility between them.3. Top management must ensure the quality of personnel in terms of their skills, orientations and commitment4. To ensure that the resource conversion and exchange systems are designed and operated efficiently.5. Periodic review of objectives for necessary modifications is a part of this function

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Functions of Middle Level Management To interpret and explain the plans and policies formulated by top management To monitor & control the operating performance To cooperate among themselves so as to integrate the various activities of a department To train, motivate and develop supervisory personnel; and To lay down rules & regulations to be followed by supervisory personnel.

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Functions of Lower Level Management To plan day to day production within the goal laid down by higher authorities To assign jobs to workers and to make arrangements for their training and development To issue orders & instructions To supervise & control workers’ operations and to maintain personal contact with them To arrange materials and tools and to maintain machinery To advise & assist workers by explaining work procedures, solving their problems etc. To maintain discipline and good human relations among workers To report feedback information and workers’ problems to the higher authorities.

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Managerial Skills Conceptual Skills Analytical Skills Behavioral or Inter-personal Skills Administrative Skills Technical Skills

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Effective management has become all the more important in the modern era due to the following development : Growing size and complexity of organizations Advancement in technology Cut throat competition Uncertain business environment Need for optimum utilization of scarce resources Growth of trade union movement