Principles of Management- Management Process & Functions

Principles of Management- Management Process & Functions

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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Affiliated Institution of G.G.S.IP.U, Delhi BCA (Second Semester) Principles of Management 20104 Management Process & Functions By: Saguna Khajuria Assistant Professor
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management Process: Overview Resources Managerial Functions Objectives Men & Women Materials Machines Money Markets Goods & Services Desired by the customers Planning Organizing Directing Controlling Staffing
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Management Functions
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Planning • It means determining the objectives of the unit or activity. • Primary and most basic function • Its purpose is to minimize the risk and to take full advantage of the available opportunities • Flexible in nature • Covers both long term & Short term objectives
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Planning • Planning involves: – Determination of objectives – Forecasting – Formulation of policies & programmes – Preparation of schedule and procedures – Budgeting
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Organizing • It is the process of establishing harmonious authority- responsibility relationships among the members of the enterprise. • It is the function of creating a structure of duties & responsibilities. • It involves creating a structure of authority- responsibility among the people to achieve the objective of the enterprise.
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Organizing • It includes: – Determination of objectives – Identification & grouping of activities – Assignment of duties to individuals – Development of relationships.
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Staffing • It is the process of filling all positions in the organization with adequate and qualified personnel. • It includes: • Human resource planning • Deciding sources of recruitment • Receiving applications • Testing & interviewing • Final selection & appointment letter • Orientation & placement • Training & development
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Directing • It is the process of guiding, supervising, leading and motivating the subordinates to work in a way that is beneficial to the organization. • Direction function involves: – Leadership – Communication – Motivation – Supervision
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Controlling • It is the process of ensuring that the organization is moving in the desired direction and that progress is being made towards the achievement of goals. • It includes: – Setting up of standards – Measuring performance – Comparing performance with standard – Taking corrective action
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  TRINITY INSTITUTE OFPROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Key words: Management, Process, Planning, Organizing, Controlling , staffing, controlling, objectives , directing, forecasting , policies , programmes , responsibilities, human resource, training& development, supervising, motivating, leadership.