All About Management

CSR POLICY of LARSEN & TOUBRO

2012-03-28T00:10:00.001+05:30

Here is the LINK for CSR POLICY of LARSEN & TOUBRO (L&T), the link for pdf format is HERE

the limited liability partnership act,2008 of India

2012-03-22T01:59:00.001+05:30

Here is the link Of general introduction of the Indian act of the limited liability partnership w.e.f. year 2008. Download the article to read it, I’ll post it on blog separately later. Thank you!

Characteristics of Planning

2012-03-17T23:14:00.002+05:30

· Planning is goal-oriented. àPlanning is made to achieve desired objective of business. àThe goals established should general acceptance otherwise individual efforts & energies will go misguided and misdirected. àPlanning identifies the action that would lead to desired goals quickly & economically. àIt provides

What is Planning?

2012-03-17T23:07:00.000+05:30

Planning is the thinking process, the organized foresight, the vision based on facts and experience that is required for intelligent action. Alford & Beatty Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses”. Planning is deciding best alternative among others to perform different managerial

Study of Fayol and Taylor

2012-03-14T14:40:00.001+05:30

Both the persons have contributed to development of science of management. The contribution of these two pioneers in the field of science of management has been reviewed as “The work of Taylor & Fayol was, of course, especially complementary. They both realized that problem of personnel & its management at all levels is the key to individual success. Both applied scientific method to

Bureaucratic theory of management by Max Weber

2012-03-14T14:21:00.000+05:30

Bureaucratic Theory was developed by a German Sociologist and political economist Max Weber (1864-1920). According to him, bureaucracy is the most efficient form of organization. The organization has a well-defined line of authority. It has clear rules and regulations which are strictly followed. èFeatures of bureaucratic management The characteristics or features of Bureaucratic

Principles of scientific management

2012-03-14T14:16:00.001+05:30

èDevelopment of Science for each part of men’s job (replacement of rule of thumb) · This principle suggests that work assigned to any employee should be observed, analyzed with respect to each and every element and part and time involved in it. · · Henry Fayol has stressed on the specialization of jobs. · He recommended that work of all kinds must be divided & subdivided and allotted to various persons according to their expertise in a particular area. · It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage

Levels of management

2012-03-11T23:46:00.001+05:30

The term “Levels of Management’ refers to a line of demarcation between various managerial positions in an organization. The number of levels in management increases when the size of the business and work force increases and vice versa. The level of management determines a chain of command, the amount of authority & status enjoyed by any managerial position. The levels of management can be

Management—a profession

2012-03-11T23:30:00.002+05:30

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to be managed professionally. A profession may

Management-- Both Science & Art

2012-03-11T23:26:00.000+05:30

Since art is concerned with personal application of knowledge some kind of ingenuity and creativity is required to practice the basic principles. It is said to be art because: 1) A successful manager practice the art of management in the day-to-day job of managing an enterprise based on study observation and experience. 2) There are various theories of management as propounded by many

Management—An Art

2012-03-11T23:09:00.002+05:30

Art implies application of knowledge & skill to trying about desired results. An art may be defined as personalized application of general theoretical principles for achieving best possible results. Art has the following characters - èPractical Knowledge- Every art requires practical knowledge therefore learning of theory is not sufficient. It is very important to know practical

Management—A Science

2012-03-11T23:06:00.001+05:30

Science is a systematic body of knowledge pertaining to a specific field of study that contains general facts which explains a phenomenon. It establishes cause and effect relationship between two or more variables and underlines the principles governing their relationship. These principles are developed through scientific method of observation and verification through testing. Science is

Management—A Discipline

2012-03-11T22:48:00.000+05:30

Management as a discipline refers to that branch of knowledge which is connected to study of principles & practices of basic administration. It specifies certain code of conduct to be followed by the manager & also various methods for managing resources efficiently. Management as a discipline specifies certain code of conduct for managers & indicates various methods of managing

Management—A Group

2012-03-11T22:45:00.004+05:30

Management as a group may be looked upon in 2 different ways: · All managers taken together. · Only the top management The interpretation depends upon the context in which these terms are used. Broadly speaking, there are 3 types of managers -

Management—An Activity

2012-03-11T22:44:00.000+05:30

Like various other activities performed by human beings such as writing, playing, eating, cooking etc, management is also an activity because a manager is one who accomplishes the objectives by directing the efforts of others. According to Koontz, “Management is what a manager does”. Management as an activity includes - èIn the functioning of business enterprise, the manager constantly has to

Management - A Process

2012-03-11T22:41:00.004+05:30

As a process, management refers to a series of inter - related functions. It is the process by which management creates, operates and directs purposive organization through systematic, coordinated and co-operated human efforts, according to George R. Terry, “Management is a distinct process consisting of planning, organizing, actuating and controlling, performed to determine and accomplish

main objectives of management

2012-03-09T19:20:00.001+05:30

The main objectives of management are: 1) 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

features of management

2012-03-09T19:13:00.002+05:30

Management is an activity concerned with guiding human and physical resources such that organizational goals can be achieved. Features of management can be highlighted as: - èManagement is Goal-Oriented: The success of any management activity is accessed by its achievement of the predetermined goals or objective. Management is a purposeful activity. It is a tool which helps use of human &

2012-03-09T18:49:00.000+05:30

MEANING AND DEFINITION OF MANAGEMENT Management is the process by which a co-operative group directs action towards a common goal. By Joseph Messie To manage is to forecast and plan, to organize, to command, to coordinate and to control. By Henri Fayol Management is the art of knowing what you want men to do in the cheapest way. By F.W. Taylor Management is a distinct process