2013 Principles of Management

Assignment # 01 MANAGEMENT AND PLANNING

Prof. Sajjad-ul-Hassan

RAEES ALI JAMEEL 8/12/2013

Principles of Management

Assignment # 01 Topic: MANAGEMENT AND PLANNING

Submitted to: Prof. Sajjad-ul-Hassan Submitted by: RAEES ALI JAMEEL Class: BBA (Hons.) Dated: 8-12-2013

Minhaj University Lahore

What is Management
Management in business and organizations means to coordinate the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, st affing, leading or directing, and controlling an organization or initiative to accomplish a goal. Resourcing encompasses the deployment and manipulation ofhuman resources, financial resources, tec hnological resources, and natural resources.

What is Management?
Theo Haimann and William Scott Management is a social and technical process which utilizes, resources, influences, human action and facilitates changes in order to accomplish organizatinal goals. Thus, the above definitions bring out that

Management 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.

Managerial Concerns
Efficiency Doing things right Getting the most output for the least inputs Effectiveness Doing the right things Attaining organizational goal..

Basic functions
Management operates through various functions, 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: 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: 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: is giving, receiving, or exchange information. Creating: ability to produce original Idea,thought through the use of
imagination