Principles of Management

Assignment # 01 Topic:
MANAGEMENT SND PLANNING Submitted To: Prof. Sajjad Ul Hassan Submitted by: Raees Ali Jameel

Class: BBA (Hons.) Dated: 8-12-2013

Minhaj University Lahore

Page | 2
1- What is Management?
Management is a social and technical process which utilizes, resources, influences, human action and facilitates changes in order to accomplish organizational goals. Thus, the above definitions bring out that

Management tells us a social and technical process It consists of planning, organizing staffing, leading decision making coordinating and controlling. It is concerned with getting done i.e. accomplished pre-determined objective by the use of people and resources. It helps in the creation, direction, maintenance and operation of organization. It secures maximum benefits for the employer, the employees, and the

community Natural resource management thus comprises actual decisions and actions concerning policy and practice regarding how resources are appraised, protected, allocated, developed, utilized, processed, rehabilitated, remediated and restored, monitored and evaluated (Ewert et al. 2004; Mitchell 2002).

Page | 3
2- Who Are Managers?
A manager is someone who works with and through other people by coordinating their work activities in order to accomplish organizational goals. That may mean coordinating the work of a departmental group, or it might mean supervising a single person. It could involve coordinating the work activities of a team composed of people from several different departments or even people outside the organization such as temporary employees or employees who work for the organization's suppliers. Keep in mind, also, that managers may have other work duties not related to coordinating and integrating the work of others. For example, an insurance claims supervisor may also process claims in addition to coordinating the work activities of other claims clerks

2.1- Types of Managers:

we typically describe managers as first-line, middle, or top in this type of organization. Identifying exactly who the managers are in these organizations isn't difficult, although you should be aware that managers may have a variety of titles.

2.1.1- First-line managers:

Page | 4
These are the lowest level of management and manage the work of non-managerial individuals who are involved with the production or creation of the organization's products. They're often called supervisors but may also be called line managers, office managers, or even foremen.

2.1.2-Middle managers:
These include all levels of management between the first-line level and the top level of the organization. These managers manage the work of first-line managers and may have titles such as department head, project leader, plant manager, or division manager.

2.1.3- Top managers:

At or near the top of the organization are the top managers, who are responsible for making organization-wide decisions and establishing the plans and goals that affect the entire organization. These individuals typically have titles such as executive vice president, president, managing director, chief operating officer, chief executive officer, or chairman of the board.

3- Managerial Concerns
The basic concern of the management is the:

3.1- Efficiency

Page | 5
Doing things right Getting the most output for the least inputs

3.2- Effectiveness
Doing the right things - Attaining organizational goal

Page | 6
4- Basic functions to perform:
Management operates through various functions; hence, manager must perform these functions in the day to day routine in the organization. These functions are often classified as planning, organizing, staffing, leading/directing, controlling /monitoring and motivation.

Planning:
Deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action.

Organizing:
(Implementation) pattern of relationships among workers, making optimum use of the resources required to enable the successful carrying out of plans.

Staffing:
It deals in Job analysis, recruitment and hiring for appropriate jobs.

Leading/directing:
Determining what must be done in a situation and getting people to do it.

Controlling/monitoring:

Page | 7
This function deals in checking progress against plans.

Motivation:
Motivation is also a kind of basic function of management, because without motivation, employees cannot work effectively. If motivation does not take place in an organization, then employees may not contribute to the other functions (which are usually set by top-level management).

Communicating:
This is giving, receiving, or exchange of information.

Creating:
It is the ability to produce original Idea, thought through the use of
imagination.