Manegment Project
Manegment Project
Manegment Project
Introduction to manegement :
Management is what managers ‘do’, It is the process of coordinating work activities with and
Through other people so that work activities are completed efficiently and effectively. The Term
‘Management’ is used to refer the process of Managing the activities of Enterprise. In layman’s
Language Management refers to group of personnel of an enterprise who have supervisory Role
over others. Example Good quality of Management and Bad Quality of Management. In Simple
term Management the process of getting things done, effectively and efficiently, Through and
with other people.
According to Mary Parker Follet, “Management is the art of getting of things through people.”
According to Harold Koontz, “Management is art of getting things done through and with the
People in formally organised groups”.
In the words of Henry Fayol Management is “To manage is to forecast and to plan, to organise,
to command, to co-ordinate and to control.”
What is Management?
Management is a universal phenomenon. It is a very popular and widely used term. All
organizations - business, political, cultural or social are involved in management because it is the
management which helps and directs the various efforts towards a definite purpose.
According to Harold Koontz, “Management is an art of getting things done through and with the
people in formally organized groups. It is an art of creating an environment in which people can
perform and individuals and can co-operate towards attainment of group goals”.
According to F.W. Taylor, “Management is an art of knowing what to do, when to do and see
that it is done in the best and cheapest way”.
Management is a purposive activity. It is something that directs group efforts towards the
attainment of certain pre-determined goals.
“Management” is the process of working with and through others to effectively achieve the goals
of the organization, by efficiently using limited resources in the changing world. Of course, these
goals may vary from one enterprise to another. E.g.: For one enterprise it may be launching of
new products by conducting market surveys and for other it may be profit maximization by
minimizing cost.
Management involves creating an internal environment: - It is the management which puts
into use the various factors of production. Therefore, it is the responsibility of management to
create such conditions which are conducive to maximum efforts so that people are able to
perform their task efficiently and effectively.
It includes ensuring availability of raw materials, determination of wages and salaries,
formulation of rules & regulations etc.
Management can be defined in detail in following categories :
Management as a Process
Management as an Activity
Management as a Discipline
Management as a Group
Management as a Science
Management as an Art
Management as a Profession
Levels of Management
Top level/Administrative level
Middle level/Executory
Managers at all these levels perform different functions. The role of managers at all the three
levels is discussed below:
The top management is also responsible towards the shareholders for the
performance of the enterprise.
They interpret and explain policies from top level management to lower level.
They are responsible for coordinating the activities within the division or department.
It also sends important reports and other important data to top level management.
They are also responsible for inspiring lower level managers towards better
performance.
Features of Management
Management is Goal-Oriented: The success of any management activity is
assessed by its achievement of the predetermined goals or objective. Management is
a purposeful activity.
It is a tool which helps use of human & physical resources to fulfill the pre-
determined goals. For example, the goal of an enterprise is maximum consumer
satisfaction by producing quality goods and at reasonable prices. This can be
achieved by employing efficient persons and making better use of scarce resources.
Management integrates Human, Physical and Financial Resources: In an
organization, human beings work with non-human resources like machines.
Materials, financial assets, buildings etc. Management integrates human efforts to
those resources. It brings harmony among the human, physical and financial
resources.
Whether it is a small business firm which may be engaged in trading or a large firm
like Tata Iron & Steel, management is required everywhere irrespective of size or
type of activity.
Management is a Group Activity: Management is very much less concerned with
individual’s efforts. It is more concerned with groups. It involves the use of group
effort to achieve predetermined goal of management of ABC & Co. is good refers to
a group of persons managing the enterprise.
Objectives of Management
Getting Maximum Results with Minimum Efforts - The main objective of
management is to secure maximum outputs with minimum efforts & resources.
Management is basically concerned with thinking & utilizing human, material &
financial resources in such a manner that would result in best combination. This
combination results in reduction of various costs.
Human betterment & Social Justice - Management serves as a tool for the
upliftment as well as betterment of the society. Through increased productivity &
employment, management ensures better standards of living for the society. It
provides justice through its uniform policies.
Process of Management
Management is a unique and distinct process. Distinct in the sense that it is different from
allother activities. It is concerned with allocation utilisation and co-ordination of all human and
material resources.
According to Henry Fayol, “To manage is to forecast and plan, to organise, to command, toco-
ordinate and to control” thus Fayol viewed the process of management consisting of five
functions which will be planning organising commanding Co-ordinating and
controlling.Management is the process of effective utilization of human and material resources
toachieve enterprise objectives
ing, leading, and controlling. These are “the how” a manager pursues organizational goals, and
are universally known as the four functions of management. They stem from the work of a
French mining administrator, Henri Fayol, who first identified management as a practice that
could be improved through the use of five functions – planning, organizing, commanding,
coordinating, and controlling. Since he published his work in 1916, we have decided that
leading people through motivation and incentivization works much better than telling them what
to do (e.g. commanding and coordinating). We use the term leading instead of these
practices. Chapter 2 on the history of management will provide some insights regarding this
change. Nonetheless, he gave us a place from which to start.
Even if you have never stepped foot in a corporate office, or held the title of manager at your
local Dairy Queen, you have no less used the functions of management in your personal
pursuits. A relevant example would be the process by which you manage your personal budget.
Planning :
If we have an engineering team that is part of a company or industrial production group, we will
typically have a group of small projects or sub-projects to undertake in the year and for which
goals are established, either their completion and closure or achieve defined progress for the year
or period in question. The corporate organization establishes at a management level much higher
than the management group of the engineering executing group these projects and their goals for
the period that is normally the current year.
If we have an engineering team that is part of a consulting firm, the work planning is carried out
according to the contracts that the firm obtains in the period, but also to the technical works that
arise as a complement to the preparation of offers that it needs to be presented according to the
needs of customers.
Within the term “Planning” we include the activities for defining the general schedule to
undertake the execution of the projects. That is, define the durations of the different activities of
each project, their precedence and therefore the total duration of each project, work, assignment,
etc. This allows the organization to establish an action plan in order to provide the necessary
resources for the purpose, human resources, office infrastructure, hardware, software, reserve of
financial resources to undertake the planned operating expenses.
Once the general schedule is set, still in draft, the measurement milestones are established with
which the monitoring and control will be carried out. These milestones will correspond to agreed
percentages of progress, which means that each milestone will represent a percentage of project
execution or completion. Meeting the milestones are the goals of the project.
The planning must be agreed by all the executing members of the work and of course, the
interested entities, internal and external clients.
Organizing :
Organizing is the function of management which follows planning. It is a function in which the
synchronization and combination of human, physical and financial resources takes place. All the
three resources are important to get results. Therefore, organizational function helps in
achievement of results which in fact is important for the functioning of a concern. According
to Chester Barnard, “Organizing is a function by which the concern is able to define the role
positions, the jobs related and the co-ordination between authority and responsibility. Hence, a
manager always has to organize in order to get results.
Classifying the authority - Once the departments are made, the manager likes to
classify the powers and its extent to the managers. This activity of giving a rank in
order to the managerial positions is called hierarchy. The top management is into
formulation of policies, the middle level management into departmental supervision
and lower level management into supervision of foremen. The clarification of
authority help in bringing efficiency in the running of a concern. This helps in
achieving efficiency in the running of a concern. This helps in avoiding wastage of
time, money, effort,
Directing
is said to be a process in which the managers instruct, guide and oversee the performance of the
workers to achieve predetermined goals. Directing is said to be the heart of management
process. Planning, organizing, staffing have got no importance if direction function does not take
place. Directing initiates action and it is from here actual work starts. Direction is said to be
consisting of human factors. In simple words, it can be described as providing guidance to
workers is doing work. In field of management, direction is said to be all those activities which
are designed to encourage the subordinates to work effectively and efficiently. According to
Human, “Directing consists of process or technique by which instruction can be issued and
operations can be carried out as originally planned” Therefore, Directing is the function of
guiding, inspiring, overseeing and instructing people towards accomplishment of organizational
goals.
Direction has got following characteristics:
Controlling :
Controlling ensures that there is effective and efficient utilization of organizational resources so
as to achieve the planned goals. Controlling measures the deviation of actual performance from
the standard performance, discovers the causes of such deviations and helps in taking corrective
actions.”
Controlling has got two basic purposes
It facilitates co-ordination
It helps in planning
Controlling is related with planning- Planning and Controlling are two inseperable
functions of management. Without planning, controlling is a meaningless exercise
and without controlling, planning is useless. Planning presupposes controlling and
controlling succeeds planning.
Conclusion :
Management is creative problem solving. This creative problem solving is accomplished through
four functions of management: planning, organising, leading and controlling. The intended result
is the use of an organisation's resources in a way that accomplishes its mission and objectives.
The theory defines five functions of management—planning, organizing, staffing, directing and
controlling. Each of these functions plays a critical role in helping organizations achieve
efficiently and effectively.
References :
www.introductionManegement.com
https://www.managementstudyguide.com/organizing_function.htm
https://www.linkedin.com/pulse/functions-engineering-management-luis-nieto
https://learnmech.com/function-of-management-planning-organizing-staffing-directing/
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