Foundations of Mgt

7/31/2019 Foundations of Mgt

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By

Sreerupa Rath


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WHAT IS MANAGEMENT ????


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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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As an art of getting things done through

others

As a process

As a discipline As a science and as an art

As an emerging profession


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Social Process

Distinct Process

Continuous Process

Intangible Force

Goal Oriented

Integrative Force

Economic Resource Situational

System of Authority

Multidisciplinary subject


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Executive function

Both science and art

Universal in nature


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Intellectual Activities of Management

Effective and Efficient Utilization of

Resources

Functional Activities of ManagementCreativity and Innovation

Beyond Business Administration


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Top Level/Strategic Managers

Middle Level/Tactical Managers

Lower Level/Operational Managers


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Functional Managers

Responsible for a department that performs a

single functional task and

Has employees with similar training and skills

General Managers

Responsible for several departments that

perform different functions


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The five managerial functions around which

managerial knowledge are organized:

planning, organizing, staffing, leading,

controlling.


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Technical skills

Human skills

Conceptual skills

Design skills


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Interpersonal Roles

Information Roles

Decisional Roles


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CATEGORY ROLE

Informational Monitor

Disseminator

Spokesperson

Interpersonal Figurehead

Leader

Liaison

Decisional EntrepreneurDisturbance Handler

Resource Allocator


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ADMINISTRATION vs. MANAGEMENT


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Sole Proprietorship

Partnership

Joint Stock Company Cooperative Society

Government undertakings


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Business organization where a single

individual makes his/her own investment

with an objective of generating profit and

takes the risk to bear all the losses, in case

they arise with unlimited liability.

It is a type of business unit where one

person is solely responsible for providing

the capital, for bearing of risk of the

enterprise and for the management of the

business.


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Business organization where two or morethan two individuals (not more than twenty)voluntarily come together and combinetheir capital to undertake a lawful businessactivity with a profit motive by oral or

written agreement.

Association between two or more personswho agree to carry on a business in acommon with a view to private gain.

Partnership Act 1932, defines partnership asa relationship between persons who haveagreed to share profit of a business carriedon by all or any of them acting for all.


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The Companies Act, 1956 defines a company as anartificial person created by law, having a separatelegal entity, with perpetual succession andcommon seal.

A corporation is an artificial being, invisible,intangible & existing only in contemplation of law.It possesses only the properties which the charterof its creation centers upon it either expressly oras incidental to its very existence.

It is a voluntary association of person createdunder the law for the purpose of some business forprofit with common capital, divisible intotransferable share with a common seal.


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It comprises of following different clauses that

define the nature and scope of the

organization

Name Clause

Registered Office (RO) Clause

Object Clause

Liability Clause Share Capital Clause

Association or Subscription Clause


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It includes the following provisions, rules, regulationsand guidelines for the internal working of a company:

Information about shares, certificates and variationsof rights of the shareholders.

Procedure and frequency of meetings of the board. Guidelines about the accounting records of a

company. List of Directors of the company and appointment of

management of the company. Policy with respect to issue of dividends and

maintenance of reserves by the company. Postal and physical address of the company. Registration-fee receipts and payment of annual duty. Undertaking of directors to take shares of the

company.


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These organizations are run by the membersfrom a common background for protecting orenhancing their interest through a cooperativeeffort.

Co-operative societies are the voluntaryfoundations where different people combinetheir capital in order to serve the members ofthe society rather than to create profits, asthere is inadequate amount of capital with theindividual members of the society. And they arelikely to share the benefits like limited liabilityand perpetual succession by coming together ascooperative.

According to the Indian Co-operative SocietiesAct 1912, Cooperative Society is an associationof people, which has its objective the promotionof economic interest of its member inaccordance with co-operative principles.


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Departmental Organizations

Public Organization

Government Companies


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THANKYOU

Documents

Foundations of Mgt