Management Nowadays Lesson 1

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Management

CONTENT

Modern management
Characteristic features of modern
management
Areas of modern management
Approaches in modern management
I. II.

Modern management is a Modern management is


specific tool, a specific function, a understood as the
specific tool for organizations to development, creation,
produce results. The fulfillment of maximum use and control
this super task requires expanding of socio-economic
the scope of responsibility of the systems, which include
manager, which includes all state, commercial and
factors affecting the activities of non-commercial spheres
the organization and its results. of activity.

III.

In comparison with traditional


management, which included
such stages as planning,
organization, control over
implementation, the functions of
modern management include a
wider set of functions, which,
moreover, is constantly being
updated and expanded.
The development of modern management is
dictated by the following trends

the culture of the strategic management and methods and technologies of


organization is rapidly strategic planning are modern management,
developing finding their application in developed in commercial
an increasingly wide range of organizations, extend to non-
special applications profit areas, including the
public sector
Characteristic features of modern
management
I.
Modern approaches significantly
expand the manager's area of
responsibility: he must take into
account external, internal,
controlled and even those factors
that cannot be influenced in any II.

way. Modern management is a


strategic approach at all
levels of management,
and the human factor is
used here as the
fundamental one.
Characteristic features of modern
management
Personal responsibility of the manager
Developed communication at all levels
Continuous training of employees and managers
Each employee consciously contributes his share
to the overall result
Openness and trust in people
Continuous self-improvement and striving to
improve the quality of their work
Rejection of the authoritarian leadership style in
favor of leadership
Production management
aimed at making decisions regarding the use of
certain technologies, in other words, to
optimize the production process. Optimization
involves the search for a production
organization in which the resources available to
the enterprise are used most profitably, in such
a way that they bring the maximum possible
benefit at minimal cost

Personnel management

Areas of modern
aimed at improving the efficiency of the use of
personnel. A manager working in this field must

management
solve issues related to the search, training and
professional development of employees

Marketing management
strives to find the best ways for an enterprise
to interact with the market. Since any company
exists as long as it satisfies someone's needs, a
marketing manager has to make decisions that
determine the nature of collecting and using
information about the market
Innovation management
aimed at creating and introducing new types of
goods or services, as well as technologies.
Innovation management solves issues related to
the introduction of new developments into
production

Supply and household


management
aimed at trading operations. In order to

Areas of modern
produce a product, an enterprise must have
raw materials; then, when the product has

management
already been produced, in order to make a
profit, it needs to sell this product profitably

Financial management
deals with the regulation of cash flows:
drawing up the budget and financial plan of
the organization, assessing the current
financial condition and studying the prospects
for its development
Approaches in modern management
I. II.

Systematic The organization begins


Any organization is perceived as a with goals and objectives,
single mechanism, where various where the output is
subsystems work, which are finished products. At the
closely interconnected. This is a same time, all connections
comprehensive approach, it takes between managers, staff,
into account all areas, and customers are taken
departments, management levels, into account.
technical components, social
factors. External influences in the
form of legislation,
economic influences,
competitors are also not
ignored.
Approaches in modern management
For this management concept, it is important to perform a
number of actions:

The object of the study is The objectives of the system The mutual influence of the
indicated and their impact on organization and all its
subsystems are highlighted sublevels is determined

The impact of the


environment is taken into
account
Approaches in modern management
I. II.

Situational Management methods are


In management, a specific chosen based on this
situation is taken that is currently situation. There is no
important for the organization ready-made set of rules or
and affects it. a set of guidelines, this is
an intellectual method, a
way of thinking.
Approaches in modern management
The situational approach in management is based on 4 basic
principles:

Knowledge of system The ability to anticipate the The ability to analyze the
analysis, planning, possible results of their situation at the moment.
understanding of actions and the use of Identify the most important
management processes, specific techniques factors and the
group behavior and various consequences of their
decision-making methods changes

The correct choice and use


of methods and techniques
that will have minimal
negative consequences
Approaches in modern management
I. II.

Quantitative They are created based on


The use of mathematics, problems in large
computer technology, engineering organizations. Verbal
science helps to design accurate reasoning is being
control models. replaced by digital
models, there is a focus on
quantitative values.

This is how models of


resource allocation,
queuing, development
strategy selection, etc.
were developed.
Thank you for
your attention!

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