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UNIT-I: Introduction To Management Definition, Nature, and Scope of Management
UNIT-I: Introduction To Management Definition, Nature, and Scope of Management
challenges.
2. Organizing:
o Focuses on structuring resources, tasks, and people
efficiently.
o Includes creating organizational charts and defining
roles.
3. Directing:
o Encompasses leadership, motivation, and
inspire others.
4. Controlling:
o Involves monitoring performance, comparing it to
goals.
Managerial Roles:
1. Interpersonal Roles:
o Figurehead role involves symbolic tasks.
organization.
3. Decisional Roles:
o Entrepreneur role involves innovation.
distribution.
o Negotiator role involves making agreements.
Levels of Management:
1. Top Management:
o Responsible for strategic decisions and long-term
planning.
2. Middle Management:
o Implements top-level decisions and translates them
are completed.
Managerial Skills:
1. Technical Skills:
o Specific knowledge and expertise in a particular
field or industry.
2. Human Skills:
o Ability to understand, communicate, and work
strategic decisions.
Challenges of Management:
1. Globalization:
o Adapting to international markets and competition.
economic systems.
2. Technological Changes:
o Incorporating new technologies for increased
efficiency.
o Managing the impact of automation on the
workforce.
3. Workforce Diversity:
o Navigating and leveraging differences in age,
process.
o Suited for industries with varied product lines.
2. Product Layout:
o Arranges machines in a sequence to produce a
specific product.
o Enhances efficiency for standardized production.
3. Fixed-Position Layout:
o Assembles resources at a central point.
improvement process.
o It is not a one-time initiative but an organizational
culture.
2. Employee Involvement:
o TQM encourages participation from all levels of the
organization.
o Employees are empowered to identify and solve
quality issues.
Six Sigma and Lean Manufacturing:
1. Six Sigma:
o A data-driven approach to minimize defects and
improve processes.
o Focuses on achieving near-perfect results.
2. Lean Manufacturing:
o Aims to eliminate waste in production processes.
value-added activities.
UNIT-III: Introduction to Marketing
Functions of Marketing:
1. Product Development:
o Involves creating, improving, and innovating
products.
o Addresses customer needs and market trends.
2. Pricing:
o Determining the right price considering production
3. Promotion:
o Marketing and advertising efforts to create
inventory management.
Marketing Mix:
1. Product:
o Involves design, features, and quality.
expectations.
2. Price:
o Determining the right pricing strategy based on
market dynamics.
o Balancing affordability with perceived value.
3. Place:
o Deciding on distribution channels to make the
product accessible.
o Considerations include retail, online, and direct
sales.
4. Promotion:
o Utilizing advertising, sales promotions, and public
relations.
o Aims to create a strong brand presence in the
market.
Market Segmentation:
1. Dividing Markets:
o Identifying and categorizing distinct customer
segments.
o Allows for targeted marketing strategies.
2. Targeting:
o Focusing marketing efforts on specific segments.
consumers.
o Differentiates a product or brand from competitors.
distribution.
2. Coordination:
o Coordinating activities among suppliers,
outcomes.
2. Skills and Requirements:
o Identifying the skills, qualifications, and attributes
candidates.
Method Study:
1. Efficiency Improvement:
o Analyzing work methods to identify inefficiencies
resource savings.
2. Procedure:
o A systematic approach to examining and improving
work processes.
o Involves steps like data collection, analysis, and
implementation of changes.
Work Measurement:
1. Time Determination:
o Estimating the time required to perform a job
accurately.
o Essential for setting standards and evaluating
performance.
2. Techniques:
o Work Sampling: Observing and recording work
timing of tasks.
o Predetermined Motion Time System (PMTS):
productivity.
o May involve redundant steps or unnecessary delays.
2. Outdated Equipment:
o Using old or obsolete machinery that hampers
efficiency.
o Investment in modern technology may be required.
processes.
o Automation and digital tools can enhance
efficiency.
2. Training Programs:
o Providing employees with continuous learning
opportunities.
o Improving skills and knowledge to adapt to
evolving work demands.
Value Engineering:
1. Functionality Focus:
o Concentrates on improving the functionality and
efficiently.
2. Phases:
o Identification: Recognizing areas for improvement.
value.
o Creation: Developing and implementing solutions.
the business.
2. Employee Well-being:
o Focusing on creating a work environment that
all employees.
o Avoids misunderstandings and ensures compliance.
2. Fairness:
o Ensuring policies are fair and consistently applied
across the organization.
o Builds trust among employees.
training programs.
o Improves performance and adaptability to changing
job requirements.
Safety Engineering:
1. Preventing Accidents:
o Creating and maintaining a safe work environment