MANAGEMENT- CONCEPT, PRINCIPLESEveryone becomes a manager someday**Seena Alappat

What is MANAGEMENTMANAGE-MEN-T ?Manage Men Tactfully

Set of activities directed at the efficient , effective utilization of resources in pursuit of goals.

Art of getting things done through and with people.

To manage is to forecast and to plan, to organize, to command, to co-ordinate and to control." Henry Fayol duties to be performed by managers at all level

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Components of Management**

MANAGARIAL ACTIVIES Six activities of an industrial organizationTechnical (relating to production)Commercial (buying, selling and exchange)Financial (capital and its optimum use)Security (protection of property and person)Accounting (balance sheet, stocktaking, statistics, costing);Managerial (planning, organizing, command, co-ordination and control )

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PRINCIPLES OF MANAGEMENTPrinciples- fundamental statement of basic truth- provides guide to thought and actionPrinciples of management- originate and grow from past experience and accomplishmentsNEED OF PRINCIPLES OF MANAGEMENTTo improve efficiencyTo crystalline the nature of managementTo improve researchTo attain social goals **

MANAGEMENT FUNCTIONS

PLANNING: CONCEPT PRESENTED BY SEENA ALAPPATT

WHAT IS PLANNING?Planning is the blue print of action and operations.

It is an intellectual process which is concerned with deciding in advance what, when, how and who shall do the work.

DEFINITION OF PLANNINGKoontz and Odonnell Planning is deciding in advance what to do, how to do it, when to do it, and who is to do it.

It is the blue print of action and operations.

CHARACTERISTICS OF PLANNINGPlanning is goal- orientedPlanning is an intellectual or rational processPlanning is a primary functionPlanning all- pervasivePlanning is forward lookingPlanning is a perpetual processPlanning is an integrated processPlanning involves choice

PURPOSE OF PLANNINGProvides directionReduce uncertaintyMinimize waste and redundancySet the standards for controlling

PLANNING PROCESS

Thank you...

Henri Fayols 14 Principles Of Management

Fayols 14 principles of management **

Fayols Principles of Management1. DIVISION OF WORKWork should be divided among individuals and departments.2. AUTHORITY AND RESPONSIBILITYManager have the right to give orders, power to exact obedience. Formal authority is derived from official position.3. DISIPLINEMeans sincerity about work and enterprise, carrying out orders and instructions and to have faith in the policies and programs enterprise .

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Fayols Principles of Management4. UNITY OF COMMANDSubordinate take orders from one boss only.5. UNITY OF DIRECTIONOne head and one plan6. SUBORDINATION OF INDIVIDUAL INTEREST TO GROUP INTERESTEmployees surrender personnel interest before the general interest.

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Fayols Principles of Management7. FAIR REMUNERATION TO EMPLOYEESFair wage-rates and method of payment - proper and satisfactory.8. CENTRALISATIONAuthority concentrated only in few hands9. Scalar chainHierarchy of authority- highest executive to the lowest for communication.

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Fayols Principles of Management10. ORDEROrder for things and people in the organization.11. EQUITYNo discrimination as regards caste, sex and religion. 12. STABILITY OF USE OF PERSONNELEmployee not removed from a position in short period.

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Fayols Principles of Management13. INITIATIVEEmployees get opportunity to suggest new ideas, experiences and convenient methods of work.14. ESPRIT DE CORPSManager promote team spirit/ unity among the employees.

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*Even if you do not professionally manage people, management skills are applicable to many situations including our personal lives. In this module we will look at those skills and how they are used.*