Principles of management (Introduction)
- 1. Principles & Practices of Management Jitendra Chauhan Assistant Professor- Faculty of Management Graphic Era University, Dehradun. Tuesday, September 16, 2014 Jitendra Chauhan, GEHU 1
- 2. Introduction “Management is the effective utilization of human and material resources to achieve the enterprise objectives.” Human Resource- Manpower Non-human Resources- Materials, Money, Methods, Machinery etc. Tuesday, September 16, 2014 Jitendra Chauhan, GEU 2
- 3. Management as a Unifying Force Tuesday, September 16, 2014 Man-power Jitendra Chauhan, GEU 3 Money Material s Method s Machiner y Manageme nt
- 4. Concept (Meaning) of Management • Management as an Economic Resource Well management of all inputs of production play a vital role in economic growth • Management as a Team As a team or a group of persons, management consists of all those individuals who guide and direct the efforts of other individuals to achieve specified objectives • Management as an Academic Discipline As an academic discipline or field of study, management implies a branch of knowledge. It comprises management theory and principles for tackling managerial problems. Tuesday, September 16, 2014 Jitendra Chauhan, GEU 4
- 5. Cont… • Management as a Process Defining the aims or objectives, Formulating policies, procedure and programmes, Assigning right work to right person, Guiding & inspiring the people, Exercising control over them. • Management as a Human Process i. To achieve results through & with other people. ii. Delegate authority effectively. iii. Effective motivation & democratic managerial leadership to get the effective result. iv. Management by participation, management by objectives and management by delegation are helpful in getting things done through others. Tuesday, September 16, 2014 Jitendra Chauhan, GEU 5
- 6. Management is concerned with Ideas, Things and People • Management of Ideas It’s three main implications are- 1. It requires a practical philosophy of management as a distinct and scientific approach. 2. It involves the planning phase of management and 3. It requires innovation and creativity. Tuesday, September 16, 2014 Jitendra Chauhan, GEU 6
- 7. Cont… • Management of Things Management of things refers to the mobilization, allocation and development of materials, machinery, technology and other facilities to convert ideas into results. • Management of People It refers to procurement, development maintenance and integration of human beings working in the organization. Tuesday, September 16, 2014 Jitendra Chauhan, GEU 7