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Management

Traditional Interpretations of Management There are a variety of views about this term. Traditionally, the term “management” refers to the activities (and often the group of people) involved in the four general functions listed below. (Note that the four functions recur throughout the organization and are highly integrated) Definition of Management Traditionally, the term “management” refers to the activities (and ... Read More »

Scientific Management Theory

Scientific Management Theory (1890-1940) At the turn of the century, the most notable organizations were large and industrialized. Often they included ongoing, routine tasks that manufactured a variety of products. TheUnited Stateshighly prized scientific and technical matters, including careful measurement and specification of activities and results. Management tended to be the same. Frederick Taylor developed the :scientific management theory that ... Read More »

Contemporary Theories in Management

Contemporary Theories in Management Contingency Theory Basically, contingency theory asserts that when managers make a decision, they must take into account all aspects of the current situation and act on those aspects that are key to the situation at hand. Basically, it’s the approach that “it depends.” For example, the continuing effort to identify the best leadership or management style ... Read More »

Organization

Organization

Organization A group of people trying to achieve something. A cohesive body established for a specified purpose is called Organization. A structured process in which people, act and interact, for the achievement of objectives. Divided into logical sections with links of responsibility within and external to the sections, the whole being coordinated to…. Resources of an Organization Land Capital Human ... Read More »

Functions of Management

Functions of Management

Functions of Management Planning, including identifying goals, objectives, methods, resources needed to carry out methods, responsibilities and dates for completion of tasks. Examples of planning are strategic planning, business planning, project planning, staffing planning, advertising and promotions planning, etc. Organizing resources to achieve the goals in an optimum fashion. Examples are organizing new departments, human resources, office and file systems, ... Read More »

Levels of Management

Levels of Management

Levels of Management There are following three Levels of Management Top Level Management Middle Level Management Lower Level Management Top Level of Management Executive /Top Management Chief Executive President, Vice Presidents G.M, M.D. Board of Directors Controller Responsible for long term strategic planning & control of business. They examine the trend and establish long term planning and policies of business. They ... Read More »

Management Styles

Management Styles Managers have to perform many roles in an organization and how they handle various situations will depend on their style of management. A management style is an overall method of leadership used by a manager. Administrators Time Servers Climbers Generals Supporters Nice Guys Bosses Administrators (Management Styles) Work company rule and regulations Live by book Very good employees ... Read More »

Characteristics of Management Styles

Characteristics of Management

Characteristics of Management Styles Autocratic: Leader makes all decisions unilaterally. Permissive: Leader permits subordinates to take part in decision making and also gives them a considerable degree of autonomy in completing routine work activities. Combining these categories with democratic (subordinates are allowed to participate in decision making) and directive (subordinates are told exactly how to do their jobs) styles gives ... Read More »

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