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<a title=
--Management means designing, organizing defining goals formulating policies and strategies
in accordance with the prevalent environmental conditions and these environmental conditions are
known as situations.
--Management is merging quality and variety with cost that is providing
unlimited variety of goods, better quality and at lowest price level to the customers.
--Management is defined as a process of identifying problems and threats and taking care of
these problems and threats in such manner that ultimately these turn out into opportunities which
could benefit the organization in accomplishment of its objectives.
In latest view:
Now a days in corporate sector taking advantage of the opportunities does not matter. What
matters is to convert or translate the opportunities then to face difficulties.
Definitions based on mixed views:
Good management achieves a social objective with the best use of human and material energy
and time and with satisfactions for the participants and the public.
Mary cursing Niles
Management is the direction of human behaviour towards a particular goal
or objective.
Conclusion:
On the basis of all the above-mentioned definitions it can be asserted. Management is the
process which by planning, organizing, staffing, leading and controlling, a human group makes
possible the maximum and efficient use of physical resources and helps in realizing the pre-
determined objectives of any organization.
------In modern times when human needs are continuously rising, it is
absolutely impossible to fulfill them single-handed. In such a situation the need of group activity is
felt. Man cannot produce any single thing by himself alone and there is always the necessity of a
human group whose activities and be named collective effort. Thus on human group produce one
particular produce while another such group produce something different and hence, human needs
are fulfill by collective efforts of different human groups.
2
Now the question arises whether all the people’s comprising a particular human group are
competent enough to achieve success in their activities without any outside discussion and control.
The obvious to this all-important question can only be in the negative. The reason for such an
answer is complex. So long particular human groups for into have their air aims, definite planning,
proper distribution of work, defining rights and duties, establishing proper co-ordination among
them, directing and controlling their activities, success cannot be achieved. These are the problems,
which give rise to another question, which is equally important, and the question is how to overcome
these problems? The answer to this really complex question in inherent in management.
Through the medium of management all these above-mentioned problems can be solve. The
activities of a human group can be efficiently managed on the pre-determined problems can be
effectively achieved handling by a manager. It would not be out of place to mention here that the
absence of proper management, the activities of a human group are like a ship without a captain.
Thus it is evident that success of collective efforts requires some special power. AND THAT
POWER IS THE MANAGER, who ensures the success of different activities by the process of
management. It is important to classify here that the importance of management is not limited to
business alone but it is needed at all those places where human activities take place-for example:
educational Institutions, Religious Institution, Govt. departments, unions, forces, families.
MEANING OF MANAGEMENT
“Anything minus Management is nothing”
--‘Sherlekar and Sherlekar’—
MANAGEMENT:
The word “management” can be styled as MANAGE-MEN-T. That means manage men
tactfully. Why manage men tactfully. This is with a view to get the things done being with them.
Thus management means managing men tactfully to get the things done being with them. Thus
management. In order to manage men tactfully, one has to understand the highly unpredictable and
uncertain human nature owing to this management is very complicated and challenging activity.
Some times it is known as a group of administration officers working in a particular
institution and sometimes it means a process of planning, organizing, staffing, directing, co-
coordinating and controlling.
3
MANAGEMENT AS AN ART:
Main features of art are:
(i)
Art involves the application of knowledge and skills to achieve desired
results.
(ii) Art is essentially creative and the success of an artist is measured by the
results he achieves.
(iii) Art is a personalized process as every artist has his own style or
approach.
(iv) Art prescribes row to do things and it can be improved through
continuous practice.
Management is essentially an art because:
Firstly, the process of management involves the use of knowledge and skills in
solving various problems.
It seeks to achieve concrete practical results that is output, profits, growth
etc.
Secondly, Management is creative as the manager creates new things and
improves upon the old things.
Thirdly, Management is a personalized process every manager has his own
approach and techniques to solve problems, depending upon the environment in
which he works.
Lastly, the manager gets perfection in the art of managing through continuous
practice.
Thus management fully lives up to the description of anArt and therefore it
is an art.
OR
Art implies the application of knowledge and skills to bring about the
desired results.
Features:
1.Practical knowledge: every art signifies practical knowledge. An artist
must not only learn the theory but also its application in practice.
7
Similarly a person cannot become a successful manager simply by reading the theory if must also
learn to apply his knowledge in solving managerial problems in practical life. A manager is judged
not just by his technical knowledge but his efficiency in applying that knowledge.
2.Personal skill: every artist has his own style and approach to his job.
This is
level of their personal skill. Similarly every manager has his individual approach
and style on solving managerial problems. The success of a manager depends on his personality in
addition to his technical knowledge.
3.Result oriented approach: art seeks to achieve concrete results. Every
manager applies certain knowledge and skills to achieve the desired
results. He uses CM’s to
the growth of his organization.
4.Creativity: art is basically creative therefore every piece of art requires
imagination and intelligence to create. A manager effectively combines
and coordinates the factors of production to create goods and services.
5.Improvement through practice: every artist becomes more and more
efficient through constant practice. Similarly a manager gains experience
through regular practice and becomes more effective.
Conclusion:
One cannot become efficient and effective manager simply by learning. Management
principles by heart it also requires practical application of those results.
MANAGEMENT AS A SCIENCE:
Main features of science are:
(i)
Science is a systematized body of knowledge.
(ii) It is based on cause and effect relationship.
(iii) The scientific study is based on observation and experiments.
(iv) The principles of science have universal validity and applicability.
Management is a science because:
According to the given information about science, management is also a systematized body of
knowledge. It consists of various concepts, principles and techniques developed through observation
and experience. These principles are universal in nature and establish on cause and effect
relationship. But the methods of observation followed by management are not purity objective
because the
8
subjects are human beings whose behaviors cannot be predicted with absolute
accuracy.
Thus management cannot be regarded as an exact science like physics and chemistry. It deals
with the study of behavior of human beings, which is subject to constant changes and difficult to
predict.
Thus management cannot be regarded as exact science like physics,
chemistry etc. therefore management may be called an inexact science, as is the
case with other social science like psychology, sociology.
OR
Science means a systematic body of knowledge pertaining to a specific field
of study. It contains general principal and facts which explains a phenomenon.
Features:
1.Systematic body of knowledge: management is a systematic body of
knowledge consisting of general principles and techniques. These help to explain events and serve as
guidelines for managers in different types of organization.
2.Universal application: scientific principles represent basic facts about and a
particular field of enquires. These principles may be applied in all situations and at all times.
Management contains some fundamentals principles, which can be universally applied. These
principles are flexible and need to be modified in different situations.
3.Scientific enquiry and experiment: scientific principles and derived
through scientific investigation and reasoning. So they can be explained logically, scientific
principles are critically tested. Management principles are also based on scientific enquiry and
investigation. These have been developed through practical and experimental experience of a large
number of managers.
4.Cause and effect relationship: principles of science lay down a cause and
effect relationship between related factors; similarly the principles of management establish cause
and effect relationship between different variables.
5.Test of validity and predictability: validity of scientific principles can be
tested at any time and any number of times. Every time the test will give the
same result.
Principles of science can also be tested for their validity.
Conclusion:
Management is not a perfect science like other physical science such as
astronomy, physics, chemistry, and biology etc. management deals with people and
9
of knowledge relevant to the area of specialization. In order to practice a profession a person requires
specialized knowledge of its principles and techniques. There exists a substantially and rapidly
expanding body of knowledge in management. Today, management is a separate discipline having a
specialized and organized body of knowledge.
2.Restricted entry: there exist institutions and universities to impart
education and training for a profession. No one can enter a profession without going through the
prescribe course of learning. Many institutions have been set up which offer courses for specialized
training in management. Formal education and training has become very helpful in getting jobs as
managers.
3.Service motive: a profession is a source of livelihood but professional are
primarily motivated by the desire to serve the community. A profession enjoys community sanction
or respect. A manager of a factory is responsible not only to its owners, by the is also expected to
produce quality goods at reasonable costs and to contribute to the well being of the community.
4.Representative association: in every profession there is a statutory
association or institution, which regulates that profession. Managers have formed certain associations
for the regular exchange of knowledge and experience.
5.Code of conduct: members of one profession have to abide by a code of
conduct, which contains rules and regulations providing the norms of honesty integrity and
professional ethics. The representative association to ensure self-discipline among its members
enforces the code of conduct. Any member violating the code can be punished and his membership
can be cancelled.
10
Conclusion:
Management fulfills several essentials of a profession but like other professions management
does not restrict entry into managerial jobs, to people with a special academic degree.
Objectives of management at a glance
(i)
Securing maximum results with minimum efforts.
(ii) Maximum prosperity for employer and employee.
(iii) Human better mere
(iv) Elimination of all types of waste
(v)
Economic growth
(vi) Social justice
Importance of management at glance:
1. Achievement of group goals
2. Optimum utilization of resources
3. Minimization of cost
4. Survival and growth of business
5. Generation of employment
6. National development
OR
According to Drucker, management is a dynamic and life-giving element of every business. In its
absence the means of production remain merely the means and can never be the producers.
We know that not only in the field of business but in other fields also management has come
to occupy an important place. In this reference, it is said that “any thing minus management is
nothing.”
These are some topics, which clearly highlight the importance of
management.
1.
Achieving pre-determined objectives: each organization is
established with certain aims. Management is the only power and medium which can help in the
successful attainment of these aims. A manager with the help of his expertise and cleverness makes
and assessment of the future events and finally by his corrective action makes the impossible took
simple.
11
2.
Maximum utilization of resources of production:management
is that power which by establishing an effective coordination between the various resources of
production makes an optimum use of these resources. Most efficient use of the limited resources is
the key to the successful business and thus this fact can be converted into reality with the help of
management.
3.
Overcoming competition: these days business is not localized but
it has assumed national or even international dimensions. Competition is increasing day by day. In
these competition days only that organization can survive which can make available to its customers
the best quality of goods at the cheapest rates. Only an efficient and clever manager can make it a
reality and save the reputation of an organization.
4.
Integration with changing environment: management is not only
limited to various internal function of an organization but it has to compromise with the outer
atmosphere also. So many goods having modern techniques are in the bazaar customers accept only
those products which are cheap and the best. With the help of efficient and effective management a
co-ordination between the new and prevalent work system and methods can be established to save
the reputation of an organization.
5.
Research and investigation: a recent research has brought out the
fact that only those companies or business enterprises which are constantly
taking interest in research activities are developing very fast.
6.
Increased profits.
7.
To maintain a sound organizational structure.
8.
Fulfilling the social responsibility: Sound management monitors
the environment of business and makes necessary changes in the business policies and practices so as
to keep the consumers and workers satisfied to this way manager’s help an enterprise to fulfill its
obligation towards different sections of society.
9.
Management minimizes risks.
10.
Reduces cost of production.
11.
Economic growth: Management is the catalyst of economic
growth, development is a matter of human energies rather than of economic growth and generation of
human energies is the task of management. Management is the mover ad development in the
consequence.
12.
Stability: management ensures the survival of an organisation in a
fast changing environment. It co-ordinates the activities of different departments in an organisation
and maintains team spirit amongst the personnel.
12
13.
Human development: Management is not simply directions of
things but the development of men. It improves the personality and caliber of people to raise their
efficiency and productivity. A good manager serves as a friend and guide to his subordinates.
14.
Meets the challenge of change: Management is a catalytic force
that enables an organisation to face the challenge of change. The environment of business has
become very turbulent. Managers maintain a dynamic equilibrium between an enterprise and its
environment through innovation and creativity.
MANAGEMENT AND ADMINISTRATION
On the basis of different opinions of the experts over the world management
and administration, there are three prevalent concepts: -
(i)
American concepts: Administration is a higher-level activity or system
and management is lower.
(ii)
English concepts: management is the higher-level system and it has
more power than administration.
(iii)
Modern concepts: According to it, management and administration are
synonymous. In the modern scientific age of management this is the most prevalent and accepted
concept of management and it makes no difference between management and administration.
DIFFERENCE BETWEEN MANAGEMENT AND ADMINISTRATION:
Sr.
No.
Basis
of
difference
Administration
Management
1.
Meaning
It means the determination of objectives, plans and policies of an enterprise.
Management is to translate
threats into opportunities.
2.
Purpose
Administration
aims
at
determining the objectives.
Management
aims
at
achieving
pre-determined
objectives.
3.
Nature
Administration is a decision
making function.
Management is an execution
or doing function.
4.
Decisions
Administration decides what Management decides who will
13
is to be done and when it is to
be done.
do the function and how he
will do it, where he will do it.
5.
Scope
The term administration is applicable at the top level of management.
The term management is more applicable at middle level and lower level of management.
6.
Usage
The term administration is generally used from business organizations
like
govt., offices, colleges, universities etc.
Management is generally used with reference to business enterprises.
7.
Features
affecting
decisions
Administration decisions are influenced by govt. policies, social
and
political circumstances and economic additions.
Management decisions are mainly influenced by the target of enterprise.
8.
Relationship Administration is related mainly with the owner and top-level managers.
Management is related with the workers and employers of organization.
9.
Function
It is a determinative or
thinking function.
It is an executive or doing
function.
10. Concerned
It
is
concerned
with determination of major object and policies.
It
concerned
with
the
implementation of policies.
11. Level
It
is
mainly
top-level
function.
It is largely a middle and
lower level function.
12. Influence
Its services are influenced mainly by public opinion and other outside forces.
Managerial
decisions
are
influenced
mainly
by objectives and policies of organization.
13. Concerned
It is not directly concerned with direction of human efforts.
It is a activity concerned with directions of human efforts in the executions of plans.
olvement Planning and controlling are the main functions involved in it.
Directing and organizing are
main functions involved in it.
15. Skills
Conceptual and human skills used eagerly in govt. and public sector.
Technical and human skills used mainly in business organization.
16.
Minister,
Commander, Managing director, general
14
of players in the play-ground is to achieve victory, in the same way the chief objective of business is
to enhance its profits by utilizing its, resources.
2.Inefficiency in the system: there is no power other than self-interest,
which can get work out of people. It owners of business, by ignoring self-interest, start thinking of
social responsibility the whole work- system will turn inefficient.
3.Effects of business values: Business should not have any social
responsibility otherwise social values will come to be dominated by business values, which in itself
is a painful delaminate. It means that when business is alive to its social responsibility, the people in
the beginning will be so thoroughly impressed by it, that in future business will come to occupy a
position of predominance the idea of social responsibility of management opinion against.
4.Conflicting consideration: A business manager will be guided by
two considerations, namely, private market mechanism and social
responsibilities which are opposite to each other.
5.Arbitrary power: Business managers will get arbitrary power in the
matter of allocation of resources in the welfare of the society. They should have no right to interfere
with the external environment of business.
6.Disregard of marketing mechanism: the doctrine of social
responsibilities implies acceptance of socialist view that political mechanism rather than market
mechanism is the appropriate way to allocate scarce resources to alternative uses.
7.Burden on customer: if the price in the market for a product does
not truly reflect the relative costs of producing mechanism of the market place will be distorted. The
consumers will have to pay higher costs.
8.Difficult implementation: the concept of social responsibility is ill
conceived and ill defined and is difficult to be implemented.
Argument for social responsibility:
19
1.
Business is a part of society:Since business organizations are a part of
society they must have a positive attitude towards the needs of society. Business is only a sub-system
of society and this sub-system must contribute to the welfare of the main system.
2.
Avoidance of govt. regulation: If business does not care of its social
responsibility, the govt. has to interfere increasingly in the business
system, which adversely affects the progress of business.
3.
Long term self-interest of business: the social responsibility of
business, if taken care of in the present ensures the success of the
organization in the future.
4.
Code of conduct: Members of a profession are bound to follow a code of
conduct. Code of conduct includes rules connected with profession,
honesty and morality, which form its base.
5.
Business is a creation of the society and so it should respond to the
demands of the society: Since business uses the resources which belong
to the society. It is necessary that every business are obliged to use the
social resources for the common good of society.
6.
The long-term self interests of the business are best served when
business assumes social responsibilities: There is a growing realization
on the part of the enlightened businessmen that it is in their self-interest to fulfill the demands and
aspirations of the society. People who have good environment, education, and opportunity make
better employees, customers and neighbours for business than those who are poor, ignorant or
oppressed.
7.
It is the moral and right thing to do: It is widely agreed that
businessmen today have considerable social power. This power is virtually granted to them by the
society, which must have a general relationship with social responsibilities. The social
responsibilities of businessmen must be proportionate to their social power. If the businessmen do
not assume social responsibilities, their social power must be taken away by the society through
government controls and regulations and other measures.
8.
Public image of business would be improved: The business will retain
the needed credibility with the public if it performs its social obligations. It will also avoid conflict
with the society in its own interest. Good relation with the workers, consumers and suppliers will
lead to success of business.
9.
The consumers are well informed: They expect higher quality products
at responsible rates. If they don’t get fair treatment form business, they
20
analyzing the environment, it includes what is happening in the society organization and political
system. He must be able to assess or guess the changes in environment, traits offered by the changes
in environment. He must be able to match two sets of environment on the basis of external and
internal analysis.
2.Organizing skills: organizing skill is needed to specify who will achieve
what and how manager must be in a position of identification of specific activities and specific jobs.
A manager must be clear about grouping of various jobs, span of management, type of relationship to
be established between various people and various jobs.
3.Leading skill: leadership is the ability of individual to influence the people.
Recognition of human factor is also included in leading skill of human factor various leadership track
like communication and motivation are also included in the leadership skills.
4.Technical skills: technical skills refer to the ability and knowledge in using
the equipment, techniques and procedures involved in performing specific tasks. These skills require
specialized knowledge and proficiency in mechanics of a particular job. A manager must know
which skills should be employed in his particular enterprise and be familiar enough with their
potentiality to ask discerning question of his technical advisors.
5.Human skills: human skills consist of the ability to work effectively with
other people. These are required to win co-operation of others and to build effective work teams.
Human skills are reflected in the way a manager perceives his superiors, subordinates and peers. An
awareness of the importance of human skills should be part of manager’s orientation.
6.Conceptual skills: conceptual skills comprise the ability to see whole
organization and interrelationships between its parts. These skills refer to the ability to visualize the
entire picture or to consider a situation in its totality. Such skills help the manager to analyse the
forces working in a situation and to take a broad and foresighted view of the organization.
7.Diagnostic skills: it includes the ability to determine by analyzing and
examination, the nature and circumstances of a particular condition. It is not
only the ability to specify why something happened but also the ability to
21
that accomplishment of those standards leads to the accomplishment of goals. A manager must keep
check on the activities of subordinates and must rectify them if there are any problems.
9.Decision making skills: there are two types of decisions to be taken by the
manager.
(i)
Routine and program decision
(ii) Non-routine and non-program decisions.
The course of action to be followed is as under:
1. The manager must be in a position to identify the problem.
2. Reaching to the main cause or the problem.
3. Searching for the alternative solution.
4. Comparing merits and demerits of each solution.
5. Selecting the best course of action.
6. Formulating the plan by the application of the alternatives.
Responsibilities of manager:
1.Responsibility towards suppliers: people who supply raw material,
mechanical components, financial institutions and advertising agencies. It is the duty or says
responsibility of the manager that the suppliers are being paid at the time.
2.Responsibility towards distributors: it is the responsibility of the manager
to check regular supply of the product. Product must be checked for the quality, packaging (as in the
case of children packaging plays a very important role). There must be free testing of goods that is
distribution of samples. There should be fair return on investment that is fair commission must be
paid. To motivate them the organisation must reward them, credit facilities must be made available to
the middle class people etc.
You can survive in the vest way if the industry will survive:
a. You can take the advantage by showing collectiveness.
b. Compiling with the norms lay down by the association.
c. Providing correct information to organisation.
d. Sharing latest knowledge.
e. Supporting the individual members of the association.
f. Indulging in fair and ethical competition.
g. Not using any political or other strategies.
22
status of his office. Making speeches, bestowing honors, welcoming official visitors, distributing
gifts to retiring employees are examples of such ceremonial and social duties.
2.Leader: This role defines the managers relationship with his own
subordinates. The manager sets an example, legitimizes the power of
subordinates and brings their needs in accord with those of his organisation.
3.Liaison: It describes the manager’s relationship with the outsiders. A
manager maintains mutually beneficial relations with other organisations,
governments, industry groups etc.
4.Monitor: It implies seeking and receiving information about his
organisation and external events. An example is picking up a rumor about
his organisation.
5.Disseminators: It involves transmitting the information’s and judgments to
the members of the organisations. The information relates to internal operations and external
environment. A manager calling a staff meeting after a business trip is an example of such a role.
6.Spokesman: In this role, a manager speaks for his organisation. He hobbies
and depends his enterprise. A manager addressing the trade union is an
example.
23
faces a problem or crises. For example a strike, feud between subordinates, boss of an important
customer. A manager handles conflicts, complaints and competitive actions.
9.Resource allocate:In this role a manager approves budgets and schedules
sets priorities and distribute resources.
10.Negotiator: As a negotiator a manager bargains with suppliers, dealers,
trade union’s agents etc.
Functions of management:
1.
Planning:
It is a process of thinking before doing. It involves determinations of goals
and the activities required to be performed to achieve the goals. It consists:
What is to be done?
(i)
How it is to be done?
(ii) Where it is to be done?
(iii) When it is to be done?
(iv) By whom it is to be done?
So planning is a process of shorting out the path for attaining the determined objective of the
business. Over all planning is deciding that in present, what is to do in future.
2.
Organising:
Organizing refers to the way in which work of a group of people is arranged and distributed
among the group members to achieve the objectives of an organisation. As a function of management
organizing refers to thef ollowing:
(a)
Bringing together human and non-human resources that
is the work to be done and its distribution in human resources.
(b)
To define and establish authority responsibility
relationship for the achievement of goals.
(c)
Determination of objectives.
(d)
Division of activities into jobs
(e)
Fitting individuals into jobs, and
(f)
Developing relationships.
24
In conclusion we can say that organizing refers to distribution of work to the
superiors and sub-ordinates and fixing there authorities and responsibilities.
3. Staffing:
Staffing is the process of determining the manpower requirement that could meet the
company’s objectives. Staffing is a managerial function of attracting, acquiring, developing and
maintaining the human resources required to achieve the organisation objective efficiently.
Staffing also involves upgrading of quality/skills of the staff to get higher performance from
then. Personnel department of an organisation looks after the function of staffing. Staffing usually
includes the following activities:
(i)
Human resource planning.
(ii) Announcing vacant positions, that is recruitment.
(iii) Receiving applications.
(iv) Administering test.
(v)
Interviewing.
(vi) Medical test.
(vii) Final selection and appointment letter.
(viii) Orientation and placement.
4.
Directing or Leading:
Directing as a function of management is concerned with instructing, guiding and inspiring
people in the organisation to contribute to the best of their capabilities for the achievement of
organizational objectives. As a conclusion directing includes thefollowing:
(a)
Communication: it is the process of passing
information and understanding from one person to another. This process is necessary for making the
subordinates understand what the management expects of them. A manager has always to tell the
subordinates what to do, how to do it and when to do it. He has to create an understanding in their
minds in regard to these matters.
(b)
Leadership: a good manager must also be an effective
leader. Leadership is concerned with influencing the behavior of followers. In order to get the
cooperation of employees, the manager must have leadership skills. The style of leadership will vary
from situation to situation.
(c)
Motivation: effective motivation is necessary for getting
voluntary cooperation of the subordinates. Different types of rewards motivate different people.
Every manager should study the behaviour of individuals working under him to provide him or her
proper
25
inducements. To some financial incentives are important, while others are motivated by non-
pecuniary incentives like job security, job enlargement, freedom to do work and recognition.
(d)
Issuing orders and instruction by the superior.
(e)
Leading the subordinates to influence their activities
towards achievement of goals.
(f)
To ensure that the subordinates are working as per plans
and policies.
5. Controlling:
Controlling is a process of verifying whether actual performance is in accordance to the
planned performance and to take corrective action wherever required.
It involves comparison of actual performance with the planned performance as to quality,
quantity, time taken etc. and than analyse the deviations and to take corrective measures to correct
the deviations. It involves the followingst eps:
1.
Establishment of standards.
2.
Measurement of actual performance.
3.
Comparison of actual performance with the planed
performance.
4.
Find out deviations.
5.
Taking corrective action.
MANAGERIAL ETHICS:
The term ‘ethics’ refers to value-oriented decisions and behaviour. The word ethics comes
from the Greek root, ethros, meaning character, giving beliefs, standards, or deals that pervade a
group, a community, a people--------. Today ethics is the study of moral behaviour—the study of how
the standards of moral conduct among the individuals are established and expressed behaviourally.
Terms such as business ethics, corporate ethics, medical ethics, or legal ethics are used to indicate the
particular area of application. But to have meaning, the ethics involved in each area must still refer to
the value-oriented decisions and behaviour of individuals. Ethics refer to a set of moral principles,
which should pay a very significant role in guiding the conduct of managers and employees in the
operation of any enterprise. Ethics is concerned with what is right and what is wrong is human
behaviour. It is normative and prescriptive, not neutral. It addresses the question of what ought to be.
Ethics refer both to the body of moral principles governing a particular society or group and to the
personal normal precepts of an individual.
26
Some people subscribe to a utilitarian reference in determining what is wrong and what is
right. They hold that a proposed course of action should be judged from the standpoint of greatest
good for the greatest number of people. From this point of view, there are few absolute standards and
each issue must be judged by studying its impact upon all affected parties.
27
Management:
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