Amity International Business School

Management in Action

Amity International Business School

Defining an Organization
A social unit of people, systematically structured and managed to meet a need or to pursue collective goals on a continuing basis. All organizations have a management structure that determines relationships between functions and positions, and subdivides and delegates roles, responsibilities, and authority to carry out defined tasks. Organizations are open systems in that they affect and are affected by the environment beyond their boundaries.
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Management
Management is the art, or science, of achieving goals through people. Since managers also supervise, management can be interpreted to mean literally looking over i.e., making sure people do what they are supposed to do.

Managers are, therefore, expected to ensure greater productivity or, using the current jargon, continuous improvement.
Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims

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Of Managers and Management

As managers, people carry out the managerial functions of planning, organizing, staffing, leading, and controlling Management applies to any kind of organization Management applies to managers at all organizational levels The aim of all managers is the same to create surplus Managing is concerned with productivity this implies effectiveness and efficiency In a Nutshell: Management wants Managers to excel in problem solving, administration, human resource management, and organizational leadership

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Management Objectives
There are three Management objectives: Meting organizational goals and targets with least cost and minimum waste. Looking after health and welfare, and safety of staff Protecting the machinery and resources of the organization, including the human resources

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Management Functions
Planning (An act of formulating a program for a definite course of action) Organizing (Plan and control how a complex undertaking is done) Staffing (Provide with staff) Leading (Indicating the most important performer or role) Controlling (Power to direct or determine)

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Modern Management Techniques

JIT Just-in-time (JIT) is an inventory strategy that strives to improve a business's return on investment by reducing inprocess inventory and associated carrying costs. Just in Time production method is also called the Toyota Production System.

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Modern Management Techniques

Total Productive Maintenance TPM is a maintenance process developed for improving productivity by making processes more reliable and less wasteful

Amity International Business School

Modern Management Techniques

TQM TQM is defined as both a philosophy and a set of guiding principles that represent the foundation of a continuously improving organization. It is the application of quantitative methods and human resources to improve all the processes within an organization and exceed customer needs now and in the future.

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Modern Management Techniques

Kaizen Kaizen (Japanese for "improvement" or "change for the better") refers to philosophy or practices that focus upon continuous improvement of processes in manufacturing, engineering, supporting business processes, and management

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Amity International Business School

Modern Management Techniques

Business Process Outsourcing
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider

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