Notesale: Turn your study into money

Document Preview

Extracts from the notes are below, to see the PDF you'll receive please use the links above

---

Lecture 1: Introduction to Management - I
IIT Roorkee July 2018
The course Principles of management is a fundamental course which gives an overview of what
is management
...
we will also discuss about why do we study
management universality and cost and rewards of being manager
...
mainstream approach
focuses on profit maximization
...
management involves coordinating and overseeing the work activities of
others other employees
...
The main prime concern of managers is always to have efficiency and
effectiveness
...
they are classified as first line managers, middle managers and top managers
...
are individuals who manage non-managerial employees or the
workers
...
middle
managers are managers responsible for making organization wide decisions and establishing
plans and goals to influence the entire performance of organizations
...
NK] order to sustain or have a competitive business, organizations need to make
some minor modifications or a complete change in their technology
...
[UNK] definition of management includes coordinating and overseeing the work activities
of others, and so in order to have a sustainable business,
...
[UNK] Functions of management include
planning, organizing, leading and controlling
...
means employees working together to
accomplish a common goal
...
The aim of management is the same
...
2
...
3
...
4
...
Top
managers are responsible for making organization-wide decisions and establishing plans and
goals that influence the entire performance of organizations
...
with complexity the organizations,
nature and the business environment has changed and the structure does not remain intact
...
tall hierarchical
structures have decision making power bestowed with the top management
...
management involves

basically planning and decision making, organizing,, leading and controlling
...

leading function motivating members of the organization to work in best interest of organization
...
planning function identifies organizational goals for organization in each stage of growth
...
should be to be known in the market
...
growth stage with more products and services
...
When the market is almost to mature
...
more
competitors
...

In case of crisis could be due to product failure
...
There was a massive rejection and people could not take
a people did not buy it
...
The company had a different plan
...
The emphasis is not on research and development, but emphasis is on
communication
...

structure is can be a tall structure with power center power at the center or the flatter structure
will have power bestowed it at different hierarchical levels
...
departmentalization is division based on principle of division of
labor
...
technology used as per the goals and physical layout office space budgets,
policies and resource allocation
...

organizations are moving from bureaucratic to bureaucratic to less of bureaucracy, or more of
say participation participative approach
...
in a participative culture participation, there is a equal
equal weightage given to all employees or consensus based culture
...

1) insights about the goals, objectives and strategies of an organization as well as the role of
communication in achieving these goals
...
3
...
1
...
2
...
3
...
4
...
5
...
The passage discusses the different types of control that managers
...
Control over internal and external informations is one of the main functions
of a manager
...
Market control is observation,
interaction, questioning and clan control

---