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Industrial Management
Industrial management composed of two words.
>>Industry and
>> Management
Industry:
An industry is a group of manufacturers or businesses
that produce a particular kind of goods or services.
Any general business activity or commercial enterprise
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Levels of Industry:
The terms for each level originate from Latin words
referring to the numbers one to five.
Primary (first) Industry: Primary industries are those that
extract or produce raw materials from which useful items
can be made. Extraction of raw materials includes mining
activities, forestry, and fishing. Agriculture is also
considered a primary industry as it produces raw
materials that require further processing for human use.
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Levels of Industry:
Secondary (second) Industry: Secondary industries are
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Levels of Industry:
Tertiary (third) Industry: Tertiary industries are those
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Levels of Industry:
Quaternary (fourth) Industry: Quaternary industries are
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Levels of Industry:
Quinary (fifth) Industry: Quinary industries are those
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MANAGEMENT
Management is the process where one or more persons
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MANAGEMENT
Office
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Functions of Management
There are five primary functions of management. These are:
Planning, Organizing, Staffing, Directing, Controlling. The
controlling function comprises of co-coordinating, reporting
and budgeting, and hence Luther Guelick coined a word
POSDCORB, which generally represents the initials of
these seven functions.
Planning: It involves defining an organizations goals,
establishing an overall strategy for achieving these goals,
and developing comprehensive hierarchy of plans to
integrate and coordinate activities. Decision-making is a part
of planning which involves selecting a course of action from
a set of alternatives. Therefore planning is the act of
deciding in advance what to do in the future.
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Functions of management
Organizing: It includes determining what tasks are to be
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Functions of management
Controlling: To ensure the things are going, as they
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Functions of management
Coordinating: In an organization there are varieties of activities
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Managerial Skills
Managers need a number of skills if they are to succeed. The most
fundamental management skills are technical, Human, Conceptual,
Design and time management skill.
Technical skill: Technical skills are the skills necessary to accomplish or
understand the specific kind of work being done in an organization.
Project engineers, physicians, and accountants all have the technical
skills. They get this skill from education and experience. Technical skills
are especially important for first line managers. (Mechanics work with
tools, so their supervisor should have the ability to teach them how to
use the tools)
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Managerial Skills
Human Skill: For obvious reasons the manger needs the
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Managerial Skills
Conceptual
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Managerial Skills
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Thank You
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