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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