management

WHAT MANAGEMENT IS

HOW IT WORKS AND WHY IT’S EVERYONES BUSINESS :- BY JOAN MAGRETTA

M.B.A AND P.HD from Harvard .

She was the strategy editor

during the 1990

Partner in Bain and company a

leading management

consulting firm.

ABOUT THE AUTHOR

MAIN FUNCTION OF MANAGEMENT

To develop new ideas

Dealing with the change is one of managements more difficult

responsibility but dealing effectively with change requires a clear

understanding of what does not change.

Necessary too achieve a organizational goal .

DESIGN: Why people work togeather and how.

A group of people get togeather and exist as an institution that we

call company.

So they are able to accomplish something collectively that they

could not accomplish sepreately.

They make a contribution to society.

A phase which sounds trite but is fundamental.

VALUE CREATION: price is what you pay, value is what you get.

CREATING A VALUE FOR SHAREHOLDER

CREATING A VALUE FOR CUSTOMER

BUSINESS MODEL : converting insight to enterprise

A business model is a set of assumption about how an organization will perform by creating value for all player on whom it depends , not just its customers.

• The discipline of management operates from a theory of the business , from a model of how the whole system will work.

• If you fail to achieve the results that you expected you re-examine your model ,as eurodisney did . It is the managerial equilent of the scientific method , starting with hypotheses,which are then tested in action and revised when necessary.

Strategy helps in to compete

with competitors.

Strategy helps in to choose which segment of consumer you have to

target and which market you have to serve

STRATEGY

ORGANIZATION:- WHERE TO DRAW THE LINE

FIRST :- BOUNDARY LINEIt’s separate what’s inside and

what’s outside.

How the whole is divided into working units&how each parts relates to the

others

SECOND:- THE LINE OF THE ORGANIZATION CHART

Who gets to decide what,and how the internalgame is played.

THIRD:- LINE OF AUTHORITY

Management helps in to achieve the organizational goal or to provide a superior value for their customer.

THE REAL BOTTOM LINE:-MISSION AND MEASURES

To make organization purpose tangible

Executive must answer the question

In search of the universal mission

Mission critical

BETTING ON THE FUTURE:- INNOVATIOJ AND UNCERTAINTY

Juggling the present and the

future

Thinking inside the box

Good management is entrepreneurial

The information you need

DELIVERING RESULTS :- FIRST, YOU FOCUS

BEATING YESTERDAY

RESOURCE ALLOCATION

QUALITY REVOLUTION

AT LAST BUT NOT THE LEAST

THANK YOU