unit 1- introduction to me
TRANSCRIPT
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Management &
Enterpreneurship
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Introduction to the subject
A Business Scenario
A five decade story of SSI in India
Entrepreneurship Meaning & its
Scope
Important Points:
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Entrepreneurship contribution to
big scale industries
Managing an Enterprise
Entrepreneur responsibilities
Important Points:
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Organization goals
Projects of an Entrepreneur The Need of Management
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Important Points:
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UNIT 1 - MANAGEMENT
Introduction
Meaning of the Management
Importance of the Management
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It is all about a deal of 4 Ms
Men,Money,Material & Machines
Importance of the Management intwo ways,
1. It Helps in growth of country
2. It is Dynamic & It is also lifegiving
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Preliminary Definition - 1
There is no universal definition for theManagement.
As per Mary Parker Follett it is
Art of getting things done throughpeople
This definitions two weaknesses are,
The word Art is simply half truth,which is not application of knowledgeand also it doesnt show functions ofManager.
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Preliminary Definition - 2
These weaknesses are covered in the next
George R. Terrys definition saying ...
Management is a process consisting of
planning, organizing, actuating and
controlling, performed to determine and
accomplish the objectives by the use ofpeople & resources
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Management a Science
Management as Art
Management as Profession
Management Category :
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Management & Administration
One approach
Another approach
Conclusive
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Management Functions :
Whatever may be the objectives,Management is the process to achieve
them.Achieving needs systematic functioning
and their classifications.
Even though there is conflict between the
management writers towards classifyingthe functions from four to seven as per
Luther Gulick it is Planning , Organizing,Staffing, Directing, Coordinating, Reporting
and Budgeting
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Management Functions:
The same can be remembered with a keyword
POSDCORB
Management
Coordinating
Organizing
Budgeting
Staffing
Directing
Planning
Reporting
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Planning
Decision making advance and an action involving4 important
To organize business well we need to satisfythe requirements in proper way.Organizing
StaffingAdding up new staff and apprising the
existing based on their skill is main function
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Directing
Leading the people towards the definesobjectives(communication, leadership &motivation)Controlling
Measuring performance against plans andgoals.
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Roles of Management:
15 The standard 3 roles categorized are
Management
Interpersonal Informational Decisioanl
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Levels of Management:
16 3-standard types are
First Line Mgr
Middle Line Mgr
Top Line MgrChairman, Director, President,
vice-president, CEO
Finance mgr, sales mgr, mktg.
mgr and other dept. heads.
Supervisor foreman
and instructor
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Levels and Skills
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Top Level
Middle Level
First Line
Conceptual & Decision
Skills
Human Skills
Technical Skill
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Early Management approach:
Psychological development
Scientific Management Administrative Management
Human relations Management
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Development of Mgmt. a Example
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Modern Management Approach:
Behavioral approach
Systems approach
Quantitative approach Contingency approach
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