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Note for Principles of Management - POM by Harmol singh

  • Principles of Management - POM
  • Note
  • Uttarakhand Technical University, Dehradun - SIT
  • 17 Topics
  • 22 Offline Downloads
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Jeevan nanD(jd) “ They say that dedicating is one of the most beautiful acts of love one can perform. I would argue that it is even more beautiful to dedicate this to you without saying your name” THIS BELONGS TO YOU 2

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Jeevan nanD(jd) PRINCIPLES OF MANAGEMENT DEFINATION OF MANAGEMENT :“THE ART OF GETTING THINGS DONE THROUGH PEOPLE AND WITH THE PEOPLE IN FORMALLY ORGANISZED GROUPS” –- Harold Koontz, This definition differentiate a manager and other persons of an organization .According to this definition, a manager is one who indirectly contributes towards the organization goal by directing the effort of other not by performing the task himself . Two weakness of this definition :1- It uses the word “ART” , the meaning of art deals with application of knowledge .Management is not merely application of knowledge .It also include acquisition of knowledge. 2- This definition does not define the various function of a manager. What is an Organization ? Two or more people who work together in a structured way to achieve a specific goal or set of goals. Almost all of us are a member of one or more organization, it may be of a college, a sport team, a musical or theatrical group, a religious or civic organization, or business . An organization may be formal like army and large corporation or may be informal like a small organization or company. Both formal or informal are put together and kept together by a group of people who see that there are benefits available from working together towards some common goal. So very basic element of an organization is a GOAL or PURPOSE .Without a goal no organization would have a reason to exist. An organization must have some program, plan or method for achieving goals, it must also acquire and allocate the resources necessary for accessing the goal. 3

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Jeevan nanD(jd) … MANAGEMENT… The process of planning, organizing, leading and controlling the work of organization members and of using all available organizational resources to reach stated organizational goal. Management is practice of consciously and continually shaping the organization. And each organization have some people who are responsible for helping and directing the efforts to aimed for achieving the goal. These people are called MANAGERs . Managerial and Organizational performance Managerial performance:- It is defined as the measure of how efficient and effective a manager is, how well he or she determines and achieves appropriate objectives.Its all about the properties and qualities of a manager . Organization performance :- The measure of how efficient and effective an organization is ,how well it achieve appropriate objectives. Efficiency:- The ability to minimize the use of resources in achieving organization objective : “doing things right “ Effectiveness :- the ability to determine appropriate objective : ”the right thing” THE MANAGEMENT PROCESS Generally management is defined in term of four specific functions of manager: 1> 2> 3> 4> Planning Organizing Leading Controlling 4

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Jeevan nanD(jd) • Planning – The process of establishing goals and a suitable course of action for achieving those goals. Planning implies that managers think through their goals and action in advance and that their action are based on some method, plan, or logic .These plans set up the best procedure for reaching them. The first step in planning is the selection of goals for the organization. Once these are determined, programs are established for achieving goals in a systematic manner. Relationships and time are central to planning activities. Planning produces a picture of desirable future circumstances within the currently available resources, past experience etc. Plans are made by the top management of the organization. Some plan may be cover a long period of time like 5 years or 10 years. • Organizing- The process of engaging two or more people in working together in a structured way to achieve a specific goal or set of goals. It is the process of arranging and allocating work, authority, and among an organization’s members so that they can achieve the goal. Relationships and time are central to organizing activities. It produces a structure for the relationship in an organization and through these relationships future plans will be pursued. • Leading- The process of directing, influencing and motivating employee to performing essential tasks. Relationships and time are central to leading activities. Leading gets to the heart of manager’s relationship with each of the people working for them. • Controlling- The process of ensuring that actual activities conform to planned activities. Controlling involves these main elements: 1> Establishing standard of performance 2> Measuring current performance 3> Comparing this performance to the established standards 4> Taking the corrective action if deviation are detected By the help of controlling function manager keeps the organization on track. The P-O-L-C Framework7Y3 5

Lecture Notes