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Management :Concept , Nature & Process

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Presentation Done By :

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Let us clear the concepts

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What is Management ???

Management is a distinct process consistingof planning, organising, staffing, directing,controlling performed to determine andaccomplish stated objectives by the use ofhuman beings and other resources.

In simple words.

Management is the art ofgetting things done throughpeople.

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There are different process of

management.The 5 Main Process are..

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5. Controlling

4.Directing 3. Staffing

2. Organizing

1. Planning

Management

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Other Process Include

Motivation.

Co-ordination.

Communication.

Reporting.

Budgeting.

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Nature of Management

OR

Features of Management

1. An Economic Resource

2. System OfAuthority

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3.

A GroupApproach

4. Management

is a Process

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Let us now get acquainted with

the process of management..

As management is for the accomplishment ofspecific objectives, thus material resourceshave to be properly combined with human

efforts. This is called Management process.

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Planning

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Planning

Planning is deciding in advance

What to do

When to do

How to do

Who is to Do it

How much to Spend.

Planning is the Primary Function Of Management.

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Planning involveschoosing from among

alternatives the propercourse of action. It isbased on objectives, facts& forecasts.

E.g. Setting Of target orGoal of Organization

Advantages of Planning are:

uniform decision, performance standard, ensures

stability, reduces wastage, ensures survival &progress.

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Organising

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Organizing

Organizing is next to planning.

In simple words organizing meansarranging the ways and means for the

execution of business plan.

In an enterprise, many managers and employees

work together for achieving common objectives.

It is the organizationstructure which bindsthem together and bringsproper adjustments andco-ordination in their

work

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E.g. creation of various departments

Advantages of Organising

are:

Facilitates division of work,facilitates administration,facilitates growth &

expansion, stimulatescreativity, makes optimumuse of resources, facilitatescoordination etc

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Staffing

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Staffing

Right man for the right job isthe basic principle of Staffing.

Staffing is the process of filling position/post in the

organization with adequate and qualified personnel.

Staffing function iscomprehensive and involvesmanpower planning, recruitment,

selection, training, compensation,integration and maintenance ofemployees.

E.g. The number of people working in every

department.

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Directing

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Directing

Directing not only deals withinstructing people to do thework in right manner but makingthem understand what isexpected from them.

DIRECTING is said to be a process in which the

managers instruct, guide and oversee theperformance of the workers to achieve predeterminedgoals.

Directing is said to bethe heart of management.

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E.g. A production Manager directing job regarding

sales.

Due to it there is Unityof command, Unity ofDirection, Harmony ofobjectives, EffectiveCommunication,Personal contact.

Direction, based onregular reviews, makesadministration friendly

and result-oriented.

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Controlling

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Controlling

In simple words controlling means checking or

verifying whether the actual performance is as per setstandards.

Controlling is objectiveoriented, facilitatescoordination, avoids wastage,avoids deviation, removesweak points, raises employeemorale etc.

E.g. A advertising manager focusing on hardcore advertising because unawareness ofproduct in market.

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ThusManagement is

the continuousprocess whichbrings aboutgrowthand

prosperity to theorganisation.

Conclusion..

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Thank You...