Introduction to Management By Ransom Joseph 14-11-2008
Jan 19, 2015
Introduction to Management
ByRansom Joseph
14-11-2008
Definition of Management• “Management is the process of designing and
maintaining of an environment in which individuals working together in groups, efficiently accomplish selected aims”
--Koontz and Weihrich
Nature of Management
• Continuous process.• Achieving Organization goals by ensuring
effective use of resources.• Managers use the resources of the
Organization, both physical as well as human to achieve the goals.
Types of Managers
• General Managers: • Financial Managers: • Marketing Managers: • Human Resources Managers: • Operations Managers:
Management as a Science or an Art
Science• systemic body of knowledge, principle should
be verifiable, reliable basis for predicting future events.
Management is an Inexact Science• It is complex and unpredictable• Org. Decision are influenced by the
environment.
Contd.,
14 principles of Management by Henry Fayol
1. Division of work2. Authority and Responsibility3. Discipline4. Unity of Command5. Unity of Direction6. Subordination of individual interest to
general interest7. Remuneration of personnel
14 Principles Contd.,
8. Centralisation9. Scalar Chain10. Order11. Equity12. Stability of tenure of personnel13. Initiative14. Esprit decorps
Management Levels and Skills
Roles of a Manager
A)Interpersonal Role• 1. Head of the Organization• 2. Liaison• 3. LeaderB) Informational Role• 1.Monitors• 2.Disseminator• 3.Spokesman
Roles Contd.,
C)Decisional Role• 1.Entrepreneural• 2.Disturbance Handler• 3.Resource Allocator• 4.Negotiator
Functions of Management
Thank You