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Principles of Management
Principles of Management
Definition of Management
Management is the process of planning, organizing, directing, and controlling human and
material resources to achieve the objectives of an organization. Management is essential for
all organizations, regardless of size, type, or industry.
Functions of Management
STAFFING: Staffing is the process of finding, recruiting, selecting, and retaining qualified
employees to fill positions within an organization. It is an essential function of management,
as the success of any organization depends on its people.
1. Identify staffing needs: The first step is to identify the organization's staffing needs.
This includes determining what positions need to be filled, the skills and experience
required for each position, and the number of employees needed for each position.
2. Recruit candidates: Once staffing needs have been identified, the organization can
begin to recruit candidates. This can be done through a variety of channels, such as
job postings, employee referrals, and social media.
3. Select candidates: Once a pool of candidates has been recruited, the organization
needs to select the most qualified candidates for each position. This typically involves
reviewing resumes, conducting interviews, and checking references.
4. Hire and onboard employees: Once the organization has selected the most qualified
candidates, it can extend job offers and begin the onboarding process. The
onboarding process typically involves providing new employees with information
about the organization, its culture, and their specific job duties.
Staffing is a continuous process, as organizations constantly need to replace employees who
leave or retire. It is also important to note that staffing needs can change over time as the
organization grows and evolves.
Develop a clear staffing plan that outlines the organization's staffing needs, goals, and
objectives.
By following these tips, organizations can ensure that they have the right people in the
right positions, which is essential for success.
Management Process
The management process is a continuous cycle that involves all four functions of
management. It includes the following steps:
Scope of Management
The scope of management is broad and encompasses all aspects of an organization, including
its people, resources, and activities. Managers at all levels of the organization are responsible
for planning, organizing, directing, and controlling their respective areas.
Significance of Management
Management is essential for the success of all organizations. Effective management can
help organizations to:
Adapt to change
Managerial Roles
Managerial Skills
Technical skills: The knowledge and skills required to perform specific tasks and
jobs.
Human skills: The ability to work effectively with people, including motivating,
leading, and developing employees.
Conceptual skills: The ability to think strategically and make decisions about
complex problems.
Activities of Managers
Management and administration are two closely related concepts, but there are some key
differences between the two. Management is primarily concerned with the day-to-day
operations of an organization, while administration is concerned with the overall direction
and strategy of an organization. Managers are typically responsible for specific departments
or teams, while administrators are typically responsible for the entire organization.
Significance of Values and Ethics in Management
Values and ethics are important in management because they guide the behavior of managers
and employees. Managers should have strong values and ethics in order to make good
decisions that are in the best interests of the organization and its stakeholders. Employees
should also have strong values and ethics in order to behave appropriately and contribute to
the success of the organization.
Conclusion
Management is an essential function for all organizations. Effective managers can help
organizations to achieve their goals, improve efficiency and productivity, boost employee
morale, adapt to change, and gain a competitive advantage. Managers play a variety of roles
in their organizations, including planner, organizer, director, controller, decision-maker,
negotiator, and communicator. Effective managers possess a variety of skills, including
technical skills, human skills
UNIT 2
Evolution of Management Theory
The evolution of management theory can be traced back to the early days of civilization.
However, the field of management as we know it today began to emerge during the Industrial
Revolution. As businesses grew larger and more complex, there was a need for new ways to
manage people and resources.
Adam Smith: Smith is credited with developing the concept of division of labor,
which is the idea that breaking down tasks into smaller, more specialized jobs can
lead to increased efficiency and productivity.
Frederick W. Taylor: Taylor is known for his scientific management approach,
which emphasizes the use of scientific methods to improve efficiency and
productivity.
Henry Fayol: Fayol developed a theory of management that identified five key
functions of management: planning, organizing, directing, coordinating, and
controlling.
Over the years, a number of different schools of management thought have emerged. Some
of the most influential schools include:
Approaches of Management
There are a number of different approaches to management, each with its own strengths and
weaknesses. Some of the most common approaches include:
Conclusion
The evolution of management theory has been shaped by a number of factors, including the
Industrial Revolution, the rise of large corporations, and the changing nature of work. There
are a number of different schools of management thought and approaches to management.
The best approach to management will vary depending on the specific situation and the goals
of the organization.
UNIT 3
Planning
Planning is the process of setting goals and developing strategies to achieve those goals. It is
the first and foremost function of management. Planning is essential for all organizations,
regardless of size, type, or industry.
Nature of Planning
Scope of Planning
Objectives of Planning
Facilitate decision-making.
Planning is essential for the success of all organizations. Effective planning can help
organizations to:
Adapt to change
Elements of Planning
Steps of Planning
Decision Making
Decision-making is the process of selecting the best course of action from a set of
alternatives. Decision-making is an essential part of planning and management.
There are a number of different decision-making models, but all of them involve the
following steps:
Organizing
Organizing is the process of arranging resources and activities in a way that will help achieve
the organization's goals. It is the second function of management.
Principles of Organizing
There are a number of principles of organizing that managers should follow, including:
Span of Control
Span of control refers to the number of subordinates that a manager can effectively supervise.
The span of control is influenced by a number of factors, including the complexity of the
work, the manager's experience, and the availability of resources.
Authority
Authority is the right to make decisions and give orders. Authority is delegated from higher
levels of the organization to lower levels.
Delegation
Decentralization
UNIT: 4
Directing
Directing is the process of motivating and leading employees to achieve the organization's
goals. It is the third function of management.
Effective Directing
Supervision
Supervision is the process of overseeing the work of employees and ensuring that it is
completed to the required standard. Supervisors play an important role in motivating and
leading employees, as well as providing training and development.
Motivation
Maslow's hierarchy of needs: Maslow's theory suggests that people are motivated to
satisfy a hierarchy of needs, starting with the most basic physiological needs and
working up to self-actualization needs.
Herzberg's two-factor theory: Herzberg's theory suggests that there are two types of
factors that influence job satisfaction and motivation: hygiene factors and motivators.
Hygiene factors are factors that prevent dissatisfaction, while motivators are factors
that lead to satisfaction and motivation.
McClelland's theory of needs: McClelland's theory suggests that people are
motivated by three different needs: the need for achievement, the need for power, and
the need for affiliation.
Vroom's expectancy theory: Vroom's theory suggests that motivation is a product of
three factors: expectancy, valence, and instrumentality. Expectancy is the belief that
effort will lead to performance. Valence is the value that the individual places on the
outcome of their performance. Instrumentality is the belief that performance will lead
to the desired outcome.
Porter and Lawler's expectancy theory of motivation: Porter and Lawler's theory
is similar to Vroom's expectancy theory, but it also includes a fourth factor:
satisfaction. Satisfaction is the individual's feelings about the outcome of their
performance.
Job Satisfaction
Job satisfaction is the employee's overall attitude towards their job. It is influenced by a
number of factors, including the work itself, the work environment, and the employee's
relationship with their manager and colleagues.
Leadership
Leadership is the process of influencing and motivating others to achieve a common goal.
There are a number of different theories of leadership, including:
Trait theory: Trait theory suggests that leaders are born with certain traits that make
them effective leaders.
Behavioral theory: Behavioral theory suggests that leadership is a learned behavior
and that anyone can be an effective leader if they learn the right behaviors.
Situational theory: Situational theory suggests that there is no one-size-fits-all
approach to leadership and that the best leadership style will vary depending on the
situation.
Communication
Communication Process
Channels of Communication
Conclusion
UNIT 5
Controlling
Controlling is the process of monitoring progress and making adjustments as needed to
ensure that the organization's goals are achieved. It is the fourth function of management.
When designing control systems, managers should consider the following factors:
The organization's goals: What are the organization's goals and objectives?
The critical control points: What are the most important activities and processes that
need to be controlled?
The cost of control: How much money is the organization willing to spend on
control systems?
The timeliness of control: How quickly do managers need to receive information
about performance?
Feedforward control: This type of control involves taking preventive action to avoid
problems before they occur.
Concurrent control: This type of control involves monitoring performance during
the execution of a plan and taking corrective action as needed.
Feedback control: This type of control involves comparing actual performance to
planned performance and taking corrective action as needed.
Relevant: The control system should be relevant to the organization's goals and
objectives.
Accurate: The control system should provide accurate information about
performance.
Timely: The control system should provide information to managers in a timely
manner so that they can take corrective action as needed.
Flexible: The control system should be flexible enough to adapt to changes in the
organization's environment.
Coordination
Concept of Coordination
Coordination is essential for the success of all organizations. Without coordination, different
departments and individuals may work at cross-purposes and the organization's goals will not
be achieved.
Importance of Coordination
To ensure that different departments and individuals are working towards the same
goals.
Principles of Coordination
Techniques of Coordination
There are a number of techniques that managers can use to coordinate the activities of
different departments and individuals, including:
Meetings: Meetings can be used to bring people together to discuss common goals
and objectives, and to develop plans for coordination.
Committees: Committees can be used to coordinate activities that require the input of
different departments or individuals.
Liaisons: Liaisons can be used to facilitate communication and coordination between
different departments.
Integration managers: Integration managers are responsible for coordinating the
activities of different departments to achieve a common goal.
Conclusion