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Management Imp
Management Imp
MANAGEMENT
Planning Process
As planning is an activity, there are certain reasonable measures for every manager to follow:
(1) Setting Objectives
• This is the primary step in the process of planning which specifies the objective of an
organisation, i.e. what an organisation wants to achieve.
• The planning process begins with the setting of objectives.
• Objectives are end results which the management wants to achieve by its operations.
• Objectives are specific and are measurable in terms of units.
• Objectives are set for the organisation as a whole for all departments, and then departments
set their own objectives within the framework of organisational objectives.
Example:
A mobile phone company sets the objective to sell 2,00,000 units next year, which is double the
current sales.
• Planning is essentially focused on the future, and there are certain events which are
expected to affect the policy formation.
• Such events are external in nature and affect the planning adversely if ignored.
• Their understanding and fair assessment are necessary for effective planning.
• Such events are the assumptions on the basis of which plans are drawn and are known as
planning premises.
Example:
The mobile phone company has set the objective of 2,00,000 units sale on the basis of forecast
done on the premises of favourable Government policies towards digitisation of transactions.
• In this step, the positive and negative aspects of each alternative need to be evaluated in the
light of objectives to be achieved.
• Every alternative is evaluated in terms of lower cost, lower risks, and higher returns, within
the planning premises and within the availability of capital.
Example:
The mobile phone company will evaluate all the alternatives and check its pros and cons.
• The best plan, which is the most profitable plan and with minimum negative effects, is
adopted and implemented.
• In such cases, the manager’s experience and judgement play an important role in selecting
the best alternative.
Example:
Mobile phone company selects more T.V advertisements and online marketing with great after sales
service.
• This is the step where other managerial functions come into the picture.
• This step is concerned with “DOING WHAT IS REQUIRED”.
• In this step, managers communicate the plan to the employees clearly to help convert the
plans into action.
• This step involves allocating the resources, organising for labour and purchase of machinery.
Example:
Mobile phone company hires salesmen on a large scale, creates T.V advertisement, starts online
marketing activities and sets up service workshops.
• Monitoring the plan constantly and taking feedback at regular intervals is called follow-up.
• Monitoring of plans is very important to ensure that the plans are being implemented
according to the schedule.
• Regular checks and comparisons of the results with set standards are done to ensure that
objectives are achieved.
Example:
A proper feedback mechanism was developed by the mobile phone company throughout its
branches so that the actual customer response, revenue collection, employee response, etc. could
be known.
Ans :-
Meaning
An organizational structure details how certain activities are delegated toward achieving an
organization's goal. It outlines an employee's role and various responsibilities within a
company. The more authority employees have, the higher up they'll be on the
organizational structure. In addition, the more organized a structure is, the more efficiently
a company operates.
1. Functional structure
In a functional structure, organizations are divided into specialized groups with specific roles
and duties. A functional structure is also known as a bureaucratic organizational structure and is
commonly found in small to medium-sized businesses. Most people in the workforce have
experience working in this type of organizational structure.
For example:- many companies divide their organization into various departments
such as finance, marketing and human resources. Each of these departments then has a
manager who oversees it. This manager is then supervised by an administrator or executive
who oversees multiple departments.
2. Divisional structure
In a divisional structure, various teams work alongside each other toward a single, common
goal. Each of these divisions has an executive who manages how that branch operates, controls
its budgets and allocates its resources. Large companies employ this type of organizational
structure.
One example of the divisional structure is a car company that separates its company into
SUV, electric or sedan vehicle branches. While each branch has its own function, they all
work toward the same goal of making a sale. This is also known as the multi-divisional
structure.
3. Flatarchy
In a flatarchy, there are little to no levels of management. A company using this structure could
have only one manager in between its executive and all other employees. It is called a flatarchy
because it is a hybrid of a hierarchy and a flat organization. This type of organizational structure
is used more by smaller companies since they have fewer employees, though it can be used in
companies of all sizes.
4. Matrix structure
In the matrix style of organizational structure, employees are divided into teams that report to
two managers—a project or product manager along with a functional manager. In essence, a
matrix structure is a combination of various organizational structures. Because these teams
have two managers, a matrix structure promotes duality and the sharing of resources.
Importance of Controlling
After the meaning of control, let us see its importance. Control is an indispensable
function of management without which the controlling function in an organization
cannot be accomplished and the best of plans which can be executed can go away.
A good control system helps an organization in the following ways:
By evaluating each employee’s ability and experience, leaders can adapt their
leadership methods to encourage professional development in their
employees. It results in a progression of leadership methods that continuously
adapt alongside an employee’s professional development.
The diagram below outlines four distinct groups of followers, each organized by
their ability and willingness to work. Ability refers to a follower’s ability to
perform their job successfully with a combination of skills and experience.
Willingness refers to followers who are motivated to take on a task and have
the confidence to carry out their responsibilities.
D1 followers are unable to complete their tasks because they lack the proper skills
to succeed. They are also unmotivated and lack confidence in their abilities.
D2 followers are unable to complete their tasks, usually due to a lack of skills and
experience. However, they are still willing to try and attempt the task. It
exemplifies new employees that are motivated to succeed but lack adequate
knowledge and ability.
3. Able and Unwilling (D3)
D3 followers have the capacity and experience to complete their tasks but are
unwilling to do so. It can be attributed to a lack of self–confidence in their ability
or a lack of motivation to follow their leader’s guidance.
D4 followers have the necessary skills and experience, as well as the confidence in
their ability to complete tasks successfully. The employees have the highest level
of capacity and can complete tasks while also taking responsibility for their work.
Ans :-
F.W. Taylor or Fredrick Winslow Taylor, also known as the ‘Father of scientific
management’ proved with his practical theories that a scientific method can be
implemented to management. Taylor gave much concentration on the
supervisory level of management and performance of managers and workers at
an operational level. Let’s discuss in detail the five principles of management by
F.W Taylor.
the two will never be beneficial to either side. Management and workers should
acknowledge and understand each other’s importance. Taylor also suggested the
mental revolution for both management and workers to achieve total harmony.
3. Mental Revolution-
This technique involves a shift of attitude of management and workers towards
each other. Both should understand the value of each other and work with full
participation and cooperation. The aim of both should be to improve and boost
the profits of the organisation. Mental Revolution demands a complete change in
the outlook of both the workers and management; both should have a sense of
togetherness.
Ans :-
At some point, you have likely seen an organizational chart for your company.
And we can probably guess what it looked like.
The typical org chart looks like a pyramid, your C-level executives at the top with
lines stretching down to middle management and finally staff-level employees.
But not every company functions best with a hierarchical organizational structure.
Many types of organizational charts exist because many types of organizational
structures exist.
Let’s go through the seven common types of org structures and reasons why you
might consider each of them.
A matrix organizational chart looks like a grid, and it shows cross-functional teams
that form for special projects. For example, an engineer may regularly belong to
the engineering department (led by an engineering director) but work on a
temporary project (led by a project manager). The matrix org chart accounts for
both of these roles and reporting relationships.
These days, few businesses have all their services under one roof, and juggling the
multitudes of vendors, subcontractors, freelancers, offsite locations, and satellite
offices can get confusing. A network organizational structure makes sense of the
spread of resources.
The theories look at how a manager's perceptions of what motivates his or her
team members affects the way he or she behaves. By understanding how your
assumptions about employees’ motivation can influence your management style,
you can adapt your approach appropriately, and so manage people more
effectively.
According to this view, management must actively intervene to get things done.
This style of management assumes that workers:
▪
▪ Dislike working.
▪ Avoid responsibility and need to be directed.
▪ Have to be controlled, forced, and threatened to deliver what's
needed.
▪ Need to be supervised at every step, with controls put in place. ▪
Need to be enticed to produce results; otherwise they have no
ambition or incentive to work.
▪ X-Type
▪ Theory Y
▪ Take responsibility and are motivated to fulfill the goals they are given.
▪ Seek and accept responsibility and do not need much direction. ▪ Consider
work as a natural part of life and solve work problems imaginatively
This more participative management style tends to be more widely applicable. In
Y-Type organizations, people at lower levels of the organization are involved in
decision making and have more responsibility.
It was first introduced by Abraham Maslow in 1943 for his paper titled Theory of
Motivation and is based on a hierarchy of needs, which starts with the most basic
needs and subsequently moves on to higher levels.
Let us read in detail about the various steps in Maslow’s hierarchy of needs theory.
1. Physiological needs: The physiological needs are regarded as the most basic of
the needs that humans have. These are needs that are very crucial for our
survival. The examples of physiological needs are food, shelter, warmth, health,
homeostasis and water, etc.
In addition to all the above needs, Abraham Maslow also included sexual
reproduction as one of the most common needs as it is essential for the survival
of the species.
2. Safety Needs: Once the basic needs of food, shelter, water, etc are fulfilled,
there is an innate desire to move to the next level. The next level is known as the
safety needs. Here the primary concern of the individual is related to safety and
security.
Safety and security can be regarding many things like a stable source of income
that provides financial security, personal security from any kind of unnatural
events, attacks by animals and emotional security and physical safety which is
safety to health.
3. Social Needs (Also known as Love and Belonging Needs): This is the third level
in the need hierarchy theory. It is that stage where an individual having fulfilled
his physiological needs as well as safety needs seeks acceptance from others in
the form of love, belongingness.
In this stage, human behaviour is driven by emotions and the need for making
emotional relationships is dominant here.
The following examples can satisfy this need:
1. Friendship
2. Family
3. Intimacy
4. Social Groups
When an individual is deprived of the above needs, he/she feels lonely and
depressed.
4. Esteem needs: This is considered as the fourth level of the hierarchy of needs
theory. It is related to the need of a person being recognised in the society. It
deals with getting recognition, self respect in the society.
The need for recognition and acceptance arises when a person has fulfilled their
need for love and belongingness.
5. Self-actualization needs: This is the final level of the theory of hierarchy of
needs as proposed by Maslow. It is the highest level of needs and is known as the
self-actualization needs. It relates to the need of an individual to attain or realise
the full potential of their ability or potential.
Ans:-
Social responsibility is an ethical theory in which individuals are accountable
for fulfilling their civic duty, and the actions of an individual must benefit the
whole of society. In this way, there must be a balance between economic
growth and the welfare of society and the environment. If this equilibrium is
maintained, then social responsibility is accomplished.
Moral values that are inherent in society create a distinction between right and
wrong. In this way, social fairness is believed (by most) to be in the “right”, but
more frequently than not this “fairness” is absent. Every individual has a
responsibility to act in manner that is beneficial to society and not solely to the
individual.
The theory of social responsibility and ethics applies in both individual and group
capacities. It should be incorporated into daily actions/decisions, particularly ones
that will have an effect on other persons and/or the environment. In the larger,
group capacity, a code of social responsibility and ethics is applied within said
group as well as during interactions with another group or an individual.
2. Explain Concept Of Decision Making & Steps In Decision Making & Its Types ?
7. What Are The Different Type Of Plans ? And Discuss Its Steps In the Planning
Process.
Important MCQ
The Practice of Management written by ________
Ans :- POSDCORB
Ans :- 14 principles
Management is_____________
Ans :- Industrialist
General and Industrial Management was written by___________
Ans :- planning.