Basic Principles of Management Flashcards
(28 cards)
The act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.
Management
Management is comprise of?
-planning
-staffing
-organizing
-directing
-controlling
-co-ordination
Management is a social process involving responsibility for blank and blank planning & regulation of operation of an enterprise in the fulfilment of given purposes.
economical, effective
involves the establishment of business goals and objectives, and determining the ways in which they will be achieved. It includes blank of vision, mission, objectives, and goals.
Planning
the managerial function of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impact on the organization’s effectiveness. It includes recruiting, selecting, hiring, training, and retraining.
Staffing
it includes developing productive relationship amongst physical, financial, and human resources for achievement of organizational goals. It includes division of labor, delegation of authority, departmentalization, span of control, and coordination.
Organizing
deals with influencing, guiding, supervising, motivating subordinates for the achievement of organizational goals. It includes supervision, motivation, leadership, and communication.
Directing
it implies measurement of accomplishment against the standards and correction of deviation, if any, to ensure achievement of organizational goals. It includes establishing standards based upon objectives; measuring and reporting performance; comparing the two; and taking corrective/preventive action.
Controlling
an integral element or ingredient of all the managerial functions. Manager ensures that there should be blank between actual performance & standard performance to achieve organizational goals.
Co-ordination
facilitates co-ordination by integrating the various plans through mutual discussion, exchange of ideas
Co-ordination through Planning
manager groups assign various activities to subordinates
Co-ordination through Organizing
a manager should bear in mind that the right no. of personnel in various positions with right type of education and skills are taken
Co-ordination through Staffing
the purpose of giving orders, instructions & guidance to the subordinates is served only when there is a harmony between superiors & subordinates.
Co-ordination through Directing
3 Basic Roles of a Manager
- Interpersonal role
- Informational role
- Decisional role
roles managers assume to coordinate and interact with employees and provide direction to the organization
Interpersonal role
symbolizes the organization and what it is trying to achieve
Figurehead role
train, counsel, mentor and encourage high employee performance.
Leader role
link and coordinate people inside and outside the organization to help achieve goals.
Liaison role
This role involves handling, sharing, and analyzing information.
Informational role
analyzes information from both the internal and external environment
Monitor role
manager transmits information to influence attitudes and behavior of employees
Disseminator role
use of information to positively influence the way people in and out of the organization respond to it
Spokesperson role
This role requires decision making.
Decisional role
Deciding upon new projects or programs to initiate and invest.
Entrepreneur role
