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Assignment 1

The document provides information on the key concepts in management. It defines management and differentiates it from administration. It explains the three levels of management as top, middle, and lower levels. It discusses the functions of a manager which include planning, organizing, staffing, directing, and controlling. It emphasizes that knowledge of management principles is important but not enough to become a successful manager, who must also apply such knowledge effectively.

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RONAK LASHKARI
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18 views

Assignment 1

The document provides information on the key concepts in management. It defines management and differentiates it from administration. It explains the three levels of management as top, middle, and lower levels. It discusses the functions of a manager which include planning, organizing, staffing, directing, and controlling. It emphasizes that knowledge of management principles is important but not enough to become a successful manager, who must also apply such knowledge effectively.

Uploaded by

RONAK LASHKARI
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASSIGNMENT

Unit 1: Introduction to Management


1. Define Management. How does it differ from Administration?

Management is the auto getting things done through end with people in formally
organised group. Art of creating the environment in which people can perform an
individual’s good corporate towards attending of group Goals. It is the art of removing
blocks to search performance away of optimising deficiency in reaching goals.
Management is principally the task of planning, coordinating, motivating and controlling
the efforts of others toward specific objective.

Management is a systematic way of managing people and things within the


organization. the administration is defined as an act of administering. The whole
organization by group of people. management is an activity of business and functional
level whereas administration is a high level activity.

2. What do you understand by the term "Levels of Management"? Explain with reference to an
organization with which you are familiar?

There are 3 levels of management.


1.Top level of management:-
it consist of board of directors, chief executive, or managing director. the top
management is the ultimate source of authority and it manages goals and policies for an
enterprise. It devotes More time on planning and coordinating function.
Like in healthcare insurance organisations managing director list down the objectives
and policies for the healthcare company and prepare strategic plans and appoints the
various branch managers and coordinate with them.
2Middle level of management:-
The branch manager and departmental managers constitute middle level. They are
responsible to the top management for the functioning of their department. They
devotes To organizational and directional function.in a small organization there is only a
layer of middle level management but in big enterprises may be senior or junior middle
level management
Like in insurance companies different branch managers and departmental managers
constitute the middle level the participating employment and training of lower level
management..
3Low level of management:-
Lower level is also known as supervisory/Operative level of management. It consists of
supervisors, foreman, section officer, Superintendent etc. According to R. C. Divas
”Supervisory management refers to those executives whose work has to be largely with
personal oversight and direction of operative employees ”In other words they are
concerned with direction and controlling function of management.
Like in healthcare insurance companiesbranch manager guides insurance agents to
complete different targets for companies.

3. What are the functions of a Manager? Is mere knowledge of Management enough to


become successful manager?
1. Planning:-
It is the basic function of management. It deals with chalking out a future course of action & deciding
in advance the most appropriate course of actions for achievement of pre-determined goals.
According to KOONTZ, “Planning is deciding in advance - what to do, when to do & how to do. It
bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is
an exercise in problem solving & decision making. Planning is determination of courses of action to
achieve desired goals. Thus, planning is a systematic thinking about ways & means for
accomplishment of pre-determined goals. Planning is necessary to ensure proper utilization of
human & non-human resources. It is all pervasive, it is an intellectual activity and it also helps in
avoiding confusion, uncertainties, risks, wastages etc.

2 Organizing:-

It is the process of bringing together physical, financial and human resources and
developing productive relationship amongst them for achievement of organizational goals.
According to Henry Fayol, “To organize a business is to provide it with everything useful or its
functioning i.e. raw material, tools, capital and personnel’s”. To organize a business involves
determining & providing human and non-human resources to the organizational structure.
Organizing as a process involves:  Identification of activities.

 Classification of grouping of activities.

 Assignment of duties

.  Delegation of authority and creation of responsibility.

 Coordinating authority and responsibility relationships

3 staffing:-
It is the function of manning the organization structure and keeping it manned. Staffing has assumed greater
importance in the recent years due to advancement of technology, increase in size of business, complexity of
human behavior etc. The main purpose o staffing is to put right man on right job i.e. square pegs in square
holes and round pegs in round holes. According to Kootz & O’Donell, “Managerial function of staffing
involves manning the organization structure through proper and effective selection, appraisal &
development of personnel to fill the roles designed un the structure”. Staffing involves:

 Manpower Planning (estimating man power in terms of searching, choose the person and giving the right
place)

 Recruitment, Selection & Placement.

 Training & Development.

 Remuneration.

 Performance Appraisal.

 Promotions & Transfer.

4. Directing:-
t is that part of managerial function which actuates the organizational methods to work efficiently for
achievement of organizational purposes. It is considered life-spark of the enterprise which sets it in
motion the action of people because planning, organizing and staffing are the mere preparations for
doing the work. Direction is that inert-personnel aspect of management which deals directly with
influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational
goals. Direction has following elements:
 Supervision
 Motivation
 Leadership
 Communication

Supervision- implies overseeing the work of subordinates by their superiors. It is the act of watching
& directing work & workers.

Motivation- means inspiring, stimulating or encouraging the sub-ordinates with zeal to work.
Positive, negative, monetary, non-monetary incentives may be used for this purpose.

Leadership- may be defined as a process by which manager guides and influences the work of
subordinates in desire function.
communication:- - is the process of passing information, experience, opinion etc from one person
to another. It is a bridge of understanding

5. Controlling:-
It implies measurement of accomplishment against the standards and correction of deviation if any
to achievement of organizational goals. The purpose of controlling is to ensure that everything
occurs in conformities with the standards. An efficient system of control helps to predict deviations
before they actually occur. According to Theo Haimann, “Controlling is the process of checking
whether or not proper progress is being made towards the objectives and goals and acting if
necessary, to correct any deviation”. According to Koontz & O’Donell “Controlling is the
measurement & correction of performance activities of subordinates in order to make sure that the
enterprise objectives and plans desired to obtain them as being accomplished”. Therefore controlling
has following steps:
 Establishment of standard performance.
 Measurement of actual performance.
 Comparison of actual performance with the standards and finding out deviation if any.
 Corrective action.

6. Discuss basic principles of Management along with their significance?

Importance of Management Principles::-

Following are the main importance of the Principles of Management.

1. Improves Understanding.

2. Direction for Training of Managers.

3. Role of Management.

4. Guide to Research in Management.


5. Discuss and illustrate the meaning, definition and characteristics of management in modern
organizations?

is an essential to life, in order to organize it we need to manage. In every turn of life, we


need to manage. Be it business or household, ‘management’ plays an important function.
In the business world, good management is the backbone of every organization. 
“Management Management is the art of getting things done through and with the people
in formally organized groups.” – this means that management is the way to get things
done by the employees of an organization where they function in an organized way.
Nature and Characteristics of management are Goal Oriented, Universal, Integrative
Force, Social Process, Multidisciplinary, Continuous Process, Intangible, and Art and
Science both.

The Nature of Management


Management does not work individually, it is a whole set of activities which includes
planning, decision making, organizing, leading and controlling. These are directed at the
resources which are human, physical, financial and informational. The management is
Goal Oriented: Management helps the organization achieve goals systematically and without any
fuss. 

Universal: Every organization irrespective of their financial position requires management to


manage their activities, thus it is universal in nature.
Goal Oriented: Management helps the organization achieve goals systematically and without any
fuss. 
Continuous Process: Management is an ongoing process which is required in every facet of an
organization to function good, be it production system, human resource, finance or marketing
Multi-dimensional: Management not only manages the workforce but also manages every sphere
of the organization whether it is production, human resource. 
Group Activity: The groups in an organization work together also the members in different groups
work in a system, they belong to different backgrounds, culture and they have different aspirations,
to work evenly without any difference issue they need to adopt the management.
Dynamic Function: Business environments have different factors like social, political, legal,
technological and economical, with these factors in force an organization is open to changes
frequently, with management in their system they can apprehend the changes and work towards
responding to it.
Intangible Force: Management cannot be touched or seen, its effect can only be experienced and
the benefit can only be enjoyed.
Precisely, all the functions, activities and processes of the organization are intertwined to one
another. So, it is the task of the management to bring them together in sync in such a way that they
help in reaching the already set result.
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