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Important Points:
Introduction
to the subject A Business Scenario A five decade story of SSI in India Entrepreneurship Meaning & its Scope
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Important Points:
Entrepreneurship contribution to
big scale industries
Managing an Enterprise
Entrepreneur responsibilities
Important Points:
Organization goals
UNIT 1 - MANAGEMENT
Introduction
It is all about a deal of 4 Ms Men,Money,Material & Machines Importance of the Management in two ways, 1. It Helps in growth of country 2. It is Dynamic & It is also life giving
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Preliminary Definition - 1
There is no universal definition for the Management. As per Mary Parker Follett it is Art of getting things done through people This definitions two weaknesses are, The word Art is simply half truth, which is not application of knowledge and also it doesnt show functions of Manager.
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 of people & resources
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Management Category :
Management a Science
Management as Art
Management as Profession
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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 classifying the functions from four to seven as per Luther Gulick it is Planning , Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting 11
Management Functions:
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POSDCORB
Organizing Staffing
Planning
Management Budgeting
Directing
Coordinating Reporting
Planning
Decision making advance and an action involving
4 important
Organizing
To
Staffing
Adding up new staff and apprising the existing based on their skill is main function
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Directing
Leading the people towards the defines
Controlling
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Roles of Management:
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Interpersonal
Informational
Decisioanl
Levels of Management:
16
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Example