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Assignment On Management by Ahadujjamanrony - E-Mail - Ahadujjamanrony@Yahoo
Assignment On Management by Ahadujjamanrony - E-Mail - Ahadujjamanrony@Yahoo
Managing is necessary wherever one needs to get things done. It may be called the
practice of consciously and continually shaping organizations. Each and every
organization has people who are entrusted with the responsibility of helping the
organization achieve its goals. Those people are called mangers .No organizations
can carry on its business without management, which is turn supervised by
managers.
Definition of Management
Management has been defined by various authors/ authorities in various ways. So,
the definitions of management are numerous. Most of them have merit and
highlight important aspects of management. A few often-quoted definitions are- :
One unusual feature of the Grameen Bank is that it is owned by the poor borrowers
of the bank, most of whom are women. Of the total equity of the bank, the
borrowers own 94%, and the remaining 6% is owned by the Government of
Bangladesh.The bank has grown significantly between 2003-2007. As of October
2007, the total borrowers of the bank number 7.34 million, and 97% of those are
women.The number of borrowers has more than doubled since 2003, when the
bank had only 3.12 million members. Similar growth can be observed in the
number of villages covered. As of October 2007, the Bank has a staff of over
24,703 employees and 2,468 branches covering 80,257 villages, up from 43,681
villages covered in 2003.Since its inception, the bank has distributed Tk 347.75
billion ( SD 6.55 billion) in loans. Out of this, Tk 313.11 billion (USD 5.87 billion)
has been repaid. The bank claims a loan recovery rate of 98.35%, up from the 95%
recovery rate claimed in 1998. The Wall Street Journal, in November, 2001,
published an article expressing doubt about the 95% recovery rate from 1996 and
the accounting practices that Grameen used to determine this rate.
Management process:
A process is a systematic way of doing things. We refer management as a process
to emphasise that all managers, irrespective their attitude and skill, engage in some
inter-related functions in order achieve their desired goals. The functions that
comprise the process of management are show bellow:
c) Leading: leading allows all the members working in the organization into an
intimate relationship. Leading is an important job of the manager. It involves
directing, influencing and motivating employees
to perform essential task. To lead these people it contributes to organization and
group goals constitutes an essential
function of the manager. In fact the manager has to get on intimate terms with
them if he wants to lead them
successfully. The manager leads in an attempt to persuade others to join them in
purist of the future that emerges
from the planning and organizing steps. By establishing the proper atmosphere,
managers help their employees do
their best.
Professor Muhammad Yunus also follow all management process when he decide
to established this bank . At first he make a plan and make sure the vision and
mission of his bank .
(What was his plan about GB before start )
(Mission )
(Vision )
Method of Action
The Grameen Bank's Method of action can be illustrated by the following
principles
Start with the problem rather than the solution: a credit system must be based on a
survey of the social background rather than on a pre-established banking
technique.
3. Make sure that the credit system serves the poor, and not vice-versa: credit
officers visit the villages, enabling them to get to know the borrowers.
4. Establish priorities for action vis-a-vis to the target population: serve the most
poverty-stricken people needing investment resources, who have no access to
credit.
8. Combine close monitoring of borrowers with procedures which are simple and
standardised as possible.
10. Invest in human resources: training leaders will provide them with real
development ethics based on rigour, creativity, understanding and respect for the
rural environment.
16 Decisions
1. We shall follow and advance the four principles of Grameen Bank: Discipline,
Unity, Courage and Hard work – in all walks of our lives.
2. Prosperity we shall bring to our families.
3. We shall not live in dilapidated houses. We shall repair our houses and work
towards constructing new houses at the earliest.
4. We shall grow vegetables all the year round. We shall eat plenty of them and
sell the surplus.
5. During the plantation seasons, we shall plant as many seedlings as possible.
6. We shall plan to keep our families small. We shall minimize our expenditures.
We shall look after our health.
7. We shall educate our children and ensure that they can earn to pay for their
education.
8. We shall always keep our children and the environment clean.
9. We shall build and use pit-latrines.
10. We shall drink water from tubewells. If it is not available, we shall boil water
or use alum.
11. We shall not take any dowry at our sons' weddings, neither shall we give any
dowry at our daughter's wedding. We shall keep our centre free from the curse of
dowry. We shall not practice child marriage.
12. We shall not inflict any injustice on anyone, neither shall we allow anyone to
do so.
13. We shall collectively undertake bigger investments for higher incomes.
14. We shall always be ready to help each other. If anyone is in difficulty, we shall
all help him or her.
15. If we come to know of any breach of discipline in any centre, we shall all go
there and help restore discipline.
16. We shall take part in all social activities collectively.
Professor Muhammad Yunus Organising his bank with 24,703 (Oct 2007)
employees
And he arranging and distributing work, authority and resources among the
members of the organization in order to accomplish the goals best like that
……………..
Managerial skills are the ability to use knowledge, behaviors, and attitudes to
perform a task. In addition to fulfilling numerous roles, managers also need a
number of specific skills to succeed. One classic study of managers identified three
important types of managerial skills: technical, interpersonal or human, conceptual.
Diagnostic skill and analyzing skill are also prerequisites to managerial success.
Managerial skills:
Robert L. Katz, a teacher nad business executive , has popularised a concept
developed early in this century by Henry Fayol, a famous management theorist and
father of modern management .Fayol identified three basic skills – Technical skill,
human skill, conceptual skill.
Technical skill: technical skill are those involved in making a product or providing
a service. It is especially important for first line manager.
Human skill: The ability to communicate with , understand and motivate both
individual and groups. It is important t for managers at all levels, is especially
important for mid-level mangers.
Conceptual skill: the mangers ability to organise and integrate information to better
understand the organization as a whole. It is mostly needed at the top level manger.
Learning outcomes :
Upon completion of the assignment we will be able to
a. Achieve a clear idea about management and management system.
b. apply the general concepts of relationship management with customer,
supplier, competitor, and employee in order to build, maintain, and grow
networks and relationships with individuals and organizations;
c. develop a customer relationship management program for sales and
marketing;
d. Develop a supplier relationship management program for procurement.
e. Develop the managerial skill that manager have to have .
References :
1. Dr. Yunus statement for Grameen Bank.
2. S. Kamanl uddin’s statement for Grameen Bank
Book reference :
a. Ricky W. Griffin, management ( Boston: Houghton Mifflin Company, 1984
b. Terry and Franklin, 1997, op.ct.,
c. George R. Terry and Stefhen G. Franklin, principles of management ( Delhi:
A.I.T.B.S, 1997)
d. Wikipedia of Grameen Bank and related websites.
Research :
Maximum management system data are collected from some of management
books. And the other data are collected from internet, wikipeadia of grameen bank
and other data related websites. When I started research I faces lots of problem.
Because the all data are not available in internet.
Objectives of the study
This subject provides us with
1. the ability to model different types of relationships in management process.
2. the knowledge to design and develop a relationship program with the customer
and the supplier, to enable them to prioritize their responsibilities and efforts
in processing within the logistics operation;
3. the strategy in relationship management so the company can effectively utilize
the tools, techniques, and measures used to develop, monitor, and control
performance in the management system.
Bibliography :
1. joseph L.Massie, essential of management ( Delhi : prentice Hall of India,
1997)
2. Dr. Yunus statement for Grameen Bank.
3. Stoner, op.cit., p-12
4. Ibid., p-12
5. S. Kamanl uddin’s statement for Grameen Bank
REQUIREMENTS :