I YEAR SKILL-BASED ELECTIVE
PROFESSIONAL SKILLS FOR MANAGERS
DEPARTMENT OF COMMERCEAUXILIUM COLLEGE (Autonomous)(Re-accredited by the NAAC with A grade)Gandhi Nagar, Vellore.
Compiled byN. Fathima ThabassumLecturer, Department of Commerce (Shift II)Auxilium College.
Unit I :
Nature of Management
:
Introduction- Definition of management- Fayol’sPrinciples of management- Duties of manager- Skills of manager- Human Skills-Technical Skills- Diagnostic skills- Role of managers- Interpersonal roles- Informationalroles- Decisional roles- Practical Assignments.
Evolution of Management Thought
As the mind controls the human body and its functions, management (mind) controls thevarious activities (human body) in the Organisation. Management occupies the central place among production factors as it combines and co-ordinates all other resources.
Definition of Management:
Management is the art of getting things done through others.Henry Fayol defines as “To manage is “to forecast and plan, to organize, to command, toco-ordinate and to control.”According to Harold Koontz “ Management is the process of designing and maintainingan environment in which individuals, working together in groups efficiently toaccomplish selected aims.”To sum up,
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Managers carry out their managerial function
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Applies to any kind of Organisation
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Applies to managers at all Organisational levels
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Aim is to create a surplus
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Concerned with productivity, implies effectiveness and efficiency
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Management of 4 M’s in the Organisation – Men, Machine, Materials andMoney
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