pratik vadher - engineering economics and management

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Shantilal Shah Engineering College Production Engineering Sem.- 4 th. Group- 22

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Page 1: Pratik Vadher - Engineering Economics and Management

Shantilal Shah Engineering College

Production Engineering

Sem.- 4 th.Group- 22

Page 2: Pratik Vadher - Engineering Economics and Management

Presentation on Functions of Management, Planning, Organizing, & Staffing

by: Pratik Vadher 130430125113

Guided by : Prof. Maharshi Bhatt

Prof. Prashant Sartanpara

Page 3: Pratik Vadher - Engineering Economics and Management

The Importance of Management

Process designed to achieve an organization’s objectives by using its resources effectively & efficiently in a changing environment.

Page 4: Pratik Vadher - Engineering Economics and Management

Make decisions – utilization of resources – achieve objectives:

• Planning• Organizing• Staffing

What Managers Do

Page 5: Pratik Vadher - Engineering Economics and Management

Main objectives of Management

Page 6: Pratik Vadher - Engineering Economics and Management

Planning Process of determining the

organization’s objectives and deciding how to accomplish them.

Page 7: Pratik Vadher - Engineering Economics and Management

Planning

o Deciding in advance :o What to doo How to doo When to doo Who is going to do it

o Bridges a gap between where we are today and where we want to reach.

o Sets the goal of an organization.

Page 8: Pratik Vadher - Engineering Economics and Management

It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals.

Thus, planning is a systematic thinking about ways & means for accomplishment of pre-determined goals. Planning is necessary to ensure proper utilization of human & non-human resources. It is all pervasive, it is an intellectual activity and it also helps in avoiding confusion, uncertainties

Page 9: Pratik Vadher - Engineering Economics and Management

Organizing

o Structuring of resources & activities to accomplish objectives efficiently & effectively.

Page 10: Pratik Vadher - Engineering Economics and Management

It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals.

Establishing the framework of working: How many units or sub-units or departments are needed. How many posts or designations are needed in each

department. How to distribute authority and responsibility among

employees

Once these decisions are taken, organizational structure gets set up.

Page 11: Pratik Vadher - Engineering Economics and Management

Organizing as a process involves:

• Identification of activities. • Classification of grouping of activities. • Assignment of duties. • Delegation of authority and creation of

responsibility. • Coordinating authority and responsibility

relationships.

Page 12: Pratik Vadher - Engineering Economics and Management

Staffing • Hiring people to carry out the work of

the organization.

Page 13: Pratik Vadher - Engineering Economics and Management

It is the function of manning the organization structure and keeping it manned. Staffing has assumed greater importance in the recent years due to advancement of technology, increase in size of business, complexity of human behavior etc. The main purpose of staffing is to put right man on right job i.e. square pegs in square holes and round pegs in round holes.

Page 14: Pratik Vadher - Engineering Economics and Management

Staffing involves :

Manpower Planning (estimating man power in terms of searching, choose the person and giving the right place).

Recruitment, selection & placement. Training & development. Remuneration. Performance appraisal. Promotions & transfer.

Page 15: Pratik Vadher - Engineering Economics and Management

Source : - 1. Engineering Economics & Management by Sachin Kulkarni ( Tech- Max Publications ).

2. Internet.

Page 16: Pratik Vadher - Engineering Economics and Management