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POM Chapter 1+

This document provides an overview of the Principles of Management course being taught in the Fall 2023 semester. It outlines the learning objectives, which include defining management and its functions. It also summarizes different management theories that have developed over time, such as scientific management. Key concepts in management are discussed, such as the managerial functions of planning, organizing, staffing, leading and controlling. Trends affecting modern business and management are also highlighted.

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29 views27 pages

POM Chapter 1+

This document provides an overview of the Principles of Management course being taught in the Fall 2023 semester. It outlines the learning objectives, which include defining management and its functions. It also summarizes different management theories that have developed over time, such as scientific management. Key concepts in management are discussed, such as the managerial functions of planning, organizing, staffing, leading and controlling. Trends affecting modern business and management are also highlighted.

Uploaded by

balle pajji
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Principles of Management

Fall Semester 2023 – JGLS, JGU

Management: Science, Theory, & Practice

Instructor: Dr. Piyush Pranjal


(Associate Professor)

Source: Chapter 1 (Prescribed Book) + additional materials


Learning Objectives

1. Define management, and explain its nature, purpose and various


functions
2. Describe the evolution of management and some recent
contributions to management thought
3. Discuss the patterns of management analysis
4. Realize that managing requires a systems approach and that
practice must always take into account situations and
contingencies
5. Define the managerial functions: planning, organizing, staffing,
leading, and controlling
6. Recognize the 3 management perspectives: International,
Innovation, and Leadership
7. Illustrate the systems model of management
What is Management?
• Definition - The process of designing and maintaining an environment in
which individuals, working together in groups, efficiently accomplish
selected aims.

• Key concepts in the definition – process, groups/teams, efficiency, aims

Covers the following:


• As managers, people carry out the functions of planning, organizing,
staffing, leading, and controlling
• All types of organizations
• Managers at all levels
• Aim at all levels – to create a surplus
• Concerned with productivity – effectiveness and efficiency
Elements that affect Management

• PESTLE Analysis – from Marketing


Management and Strategy

• Political, Economic, Social,


Technological, Legal, &
Environmental/Ethical

• Arthashastra – The mother of all


books and knowledge on
management, strategy, economics, &
policy
• Author – Kautilya/Chanakya (Mauryan
Empire); Guru of Chandragupta
Maurya – the one who defeated
Alexander
• TV Show - Chanakya
Management as an essential

• Enterprise – A business, government agency, hospital,


university, or any other type of organization

• For smooth functioning of all aspects of undertaking an


enterprise or running an organization, management (good
management) is most essential
Managerial functions at different organizational levels
Skills & Management levels
Goals of all Managers & Organizations

• The aim of all managers should be to create a surplus, by


establishing an environment in which people can accomplish
group goals with the least amount of time, money, materials,
and personal dissatisfaction [sustainably]

• A new conscious form of management and not just mindless


business practices
Characteristics of excellent and most admired
companies
From the book – In search of excellence

• Action-oriented
• Learning and adaptive
• Promotes autonomy & entrepreneurship
• Achieving high productivity by concentrating on the needs of
employees
• Focus on core competency
• Simple organization structure
• Centralized/decentralized based on needs
Interbrand’s Top 40 - India
21st century trends affecting business &
management
• Technology – Impact of new technology (Industry 4.0 –
AI/ML/Automation, Social media, etc.)

• Globalization (Internationalisation)/Protectionism

• Stakeholder orientation

• Open governance mechanisms

• Diversity

• Research &Innovation
Productivity, Effectiveness, & Efficiency

• Productivity = Output/Input

• Effectiveness – The
achievement of objectives

• Efficiency – The
achievement of the ends
with the least amount of
resources
Managing: Science or Art?

• Practice is art

• Underlying knowledge is generated scientifically


Management thought in the 20th century –
From East to West to East
• Arthashastra (India) / Sun Tzu and others (China)

• Japanese Management Concepts – Kanban, Kaizen, Ishikawa,


etc.

• F. W. Taylor’s Scientific Management

• Henri Fayol’s Modern Operational Management Theory

• Elton Mayo & F. J. Roethlisberger’s Hawthorne Studies


F. W. Taylor & Scientific Management –
Principles of Scientific Management, 1911
Henri Fayol – 14 principles
Fayol’s elements of Management – The 5
functions of Management
Special Mention – Peter Drucker

• 60 year career; wrote 39 books; consulted with executives of


many large corporations

• His classic works – The Practice of Management (talks about a


company’s vision, mission, objectives, and goals); The Concept
of the Corporation (talks about organizational structure &
functions)
The Management Theory Jungle – 14
approaches to Management
• Empirical or Case Approach • Cooperative Social Systems
• Managerial Roles Approach Approach
• Contingency or Situational • Group Behaviour Approach
Approach • Interpersonal Behaviour
• Mathematical Approach Approach
• Decision Theory Approach • McKinsey’s 7 S Approach
• Re-engineering Approach • TQM Approach
• (Closed) Systems Approach • Management Process or
• Sociotechnical Systems Operational Approach
Approach
Managerial Roles Approach – Henry Mintzberg
Management Process or Operational Approach
Open-Systems Approach to Management – A
Simple View
Open-Systems Approach to Management – The
complete picture
3 Crucial Perspectives

• International – Globalization/Protectionism, Diversity, Culture,


Governance, Stakeholders

• Innovation – From Research to the market

• Leadership – Diversity, Culture, Governance, Stakeholders


Thank you

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