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Introduction Concept of Management
Principles Of Management (BTM 232)
Panjab University
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Management: An Overview
Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to manage oneself, a pre-requisite to attempting to manage others.
Definition of Management : The Management Process
Management functions include: Planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.
There are several different resource types within management. Resourcing encompasses the deployment and manipulation of:
● Human resources ● Financial resources ● Technological resources ● Natural resources
Different type of Management Styles
There are different types of management styles, and the management process has changed over recent years. The addition of work teams and servant leadership has changed what is expected from managers, and what managers expect from their employees.
Traditional Management
There is a hierarchy of employees, low level management, mid-level management, and senior management. In traditional management systems, the manager sets out expectations for the employees who need to meet goals, but the manager receives the reward of meeting those goals.
Team Managment
In a team management arrangement the manager is a guiding hand to help the members of the team work together to solve problems but doesn’t dictate policy and the entire team receives the reward of meeting those goals.
Servant Management
With this approach, the manager helps supply resources the employees need to meet company goals. In servant leadership, the organization recognizes employees as experts in their field and work to help them work efficiently.
No matter which type of management style is used by an organization, the main objective of managers is to help employees reach company goals and maintain company standards and policies.
together to accomplish desired goals and objectives using available resources efficiently and effectively. Since organizations can be viewed as systems, management can also be defined as human action (including design) to facilitate the production of useful outcomes from a system. Therefore, management is needed in order to facilitate a coordinated effort toward the accomplishment of the organization’s goals.
Since most managers are responsible for more work than one person can normally perform, a good manager delegates and integrates his or her work (or the work of others). A manager does this by acting as a clear channel of communication within the business that he or she serves. Good management is needed to inject motivation, creativity, discipline, and enthusiasm into areas in which they either don’t exist or they’re not necessarily wanted.
The various functions of management are classified as:
● Planning ● Organizing ● Staffing ● Leading/Directing ● Controlling/Monitoring ● Motivation
Management is also responsible for the formation and implementation of business policies and strategies.
Trends in Management
Modern trends in management favor agile, iterative processes that focus on innovation, software development, and social impacts.
LEARNING OBJECTIVES
Management is a rapidly evolving field. Even now startups all over the world are trying out new, innovative ways of looking at how to align their resources, how to make decisions, and what managerial approaches (or lack of managerial approaches) might yield the best culture for growth. It’s an intriguing time for management, and experimentation is constant.
When looking at new management approaches, it’s useful to consider the area in which these organizations operate. Software, non-profit, and entrepreneurship are all seeing substantial deviations from standard corporate management approaches.
Software
The two big words in software management over the past decade or two have been Scrum and Agile. Each of these approaches is a management philosophy equipped for rapid construction, iteration, and implementation.
Scrum has been around since the late 1980s, but not particularly prevalent until the early 21st century. Scrum is defined as a feedback-driven empirical approach that highlights transparency, inspection, and adaptation. In terms of values, scrum discards traditional hierarchy and promotes commitment, courage, focus, openness, and respect in a team -oriented, objectives-driven environment. In terms of structure, you’ll find three groups:
Development Team – This will be your functional specialists, all collaborating on a daily basis to construct a facet (or perhaps the entirety) of a new piece of software. In scrum,
Introduction Concept of Management
Course: Principles Of Management (BTM 232)
University: Panjab University
