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It may be called the practice of consciously and continually shaping organizations. Each and every organization has people who are entrusted with the responsibility of helping the organization achieve its goals. Those people are called mangers .No organizations can carry on its business without management, which is turn supervised by managers. Management is essential to ensure the co-ordination of individual efforts within an organization. It is exciting because it deals with setting, seeking and reaching objectives of an organization. Each and every one of us is a manger and the practice of management is found in every facet of human endeavour educational institutions, business, government or non-government organization, associations, mosques and families. Whatever may be the type of organization, the managerial hurdles to overcome for setting and achieving objectives are surprisingly similar for all organizations. Managing is universal. Every group effort setting objectives, making plans, handling people, co-ordinating and controlling activities, achieving goals and evaluating performance directed towards organizational goals. These activities relate to the utilisation of four types of inputs or resources from the environment— human, financial, physical, and informational. Human resources include managerial talent, skill, motivation etc. Monetary resources include are the financial capital the organization uses to finance both ongoing and long term operations. Physical resource included building, raw materials, office and production facilities and equipments. Information resources are data and other kinds of information utilised by the organization. The job of the manager is to combine and co-ordinate these resources to achieve the organizations goals. Definition of Management Management has been defined by various authors/ authorities in various ways. So, the definitions of management are numerous. Most of them have merit and highlight important aspects of management. A few often-quoted definitions are- : “Management is a distinct process consisting of activities of planning, actuating and controlling, performed to determine and accomplish stated objectives with the use of human beings and other resources.” “Management is the process of planning, organising, leading, and controlling the work of organizations human, financial, physical, and informational resources to achieve organizational goals in an efficient and effective manner.”
The bank also accepts deposits.Project Report The Grameen Bank is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit or "grameencredit”) to the impoverished without requiring collateral. in November. The Grameen Bank is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit or "grameencredit" to the impoverished without requiring collateral.34 million.55 billion) in loans. As of October 2007.681 villages covered in 2003. and runs several development-oriented businesses including fabric. As of October 2007. the borrowers own 94%. Similar growth can be observed in the number of villages covered. Operational statistics of Grameen Bank: One unusual feature of the Grameen Bank is that it is owned by the poor borrowers of the bank. up from 43. Out of this. The system of this bank is based on the .11 billion (USD 5.87 billion) has been repaid. Every organization has to follow management process. ensuring repayment eventually and allowing the borrowers to develop good credit standing. the total borrowers of the bank number 7.Since its inception.12 million members.75 billion ( SD 6.The number of borrowers has more than doubled since 2003. The system of this bank is based on the idea that the poor have skills that are under-utilized.468 branches covering 80. the bank has distributed Tk 347. published an article expressing doubt about the 95% recovery rate from 1996 and the accounting practices that Grameen used to determine this rate.The bank has grown significantly between 2003-2007. the Bank has a staff of over 24. most of whom are women. and 97% of those are women. and the remaining 6% is owned by the Government of Bangladesh. Tk 313. telephone and energy companies. provides other services. when the bank had only 3. The Wall Street Journal. up from the 95% recovery rate claimed in 1998.257 villages. Of the total equity of the bank. A group-based credit approach is applied which utilizes the peer-pressure within the group to ensure the borrowers follow through and use caution in conducting their financial affairs with strict discipline.703 employees and 2. Another distinctive feature of the bank's credit program is that a significant majority of its borrowers are women. 2001.35%. The word "Grameen" is derived from the word "gram" and means "rural" or "village" in Bangla language. Following management process organization has to run. The bank claims a loan recovery rate of 98. The word "Grameen" is derived from the word "gram" and means "rural" or "village" in Bangla language.
influencing and motivating employees to perform essential task. To lead these people it contributes to organization and group goals constitutes an essential function of the manager.idea that the poor have skills that are under-utilized. Leading is an important job of the manager. the next phase of management is to organise the people and other resources necessary to carry out the plan. These are the one of model of management process that describe below organization should follow. In fact the manager has to get on intimate terms with them if he wants to lead them successfully. irrespective their attitude and skill. authority and resources among the members of the organization in order to accomplish the goals best. and resources among organizations members so that they can achieve the organizations goals. plan or logic rather than on hunch. The manager leads in an attempt to persuade others to join them in purist of the future that emerges from the planning and organizing steps. b) Organising: organizing includes arranging and distributing work. It involves directing. and the physical facilities available. Plans give the organization its objectives and set up the best procedures for reaching them. c) Leading: leading allows all the members working in the organization into an intimate relationship. We refer management as a process to emphasise that all managers. Management process: A process is a systematic way of doing things. By establishing the proper atmosphere. managers help their employees do .the members of the group. The functions that comprise the process of management are show bellow: a) Planning: planning may be defined as making decisions in advance as to what is to be done in the future. It implies that managers think through their goals as an action in advance and their actions are based on some method. These component activities are so grouped and assigned that minimum expenditure or maximum employee work satisfaction is attained. Once a manger has developed a work plan. It is a future course of action. Planning may be defined as making decision in advance as to what is to be done in the future. engage in some inter-related functions in order achieve their desired goals. In fact organization involves work distribution which is guided by considerations for such things as component activities . Planning helps maintain managerial effectiveness by guiding future actives. Organizing may be referred to as the process of arranging and allocating work. authority.
This can be done by determining the positions to be filled. The final phase of the management process is contolling. rather than restricted output 5) Developing all workers to fullest extent possible for their own and their companies highest prosperity. Staffing is related to organising and it involves filling keeping filled. The managerial function of promotion.As the organization moves toward its goals. The origin of Grameen Bank can be traced back to 1976 when Professor Muhammad Yunus. Although planning must precede controlling. plans are not self-achieving. e) Staffing: staffing is efficient and effective deployment of manpower across the organization. (What was his plan about GB before start ) . launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor. As a matter of fact controlling facilitates the accomplishment of plans.their best. 4) Working for maximum output. demotion. Then Professor Muhammad Yunus established Grameen Bank. management must monitor its progress. 3) Achieving co-operation of human being. transfer etc is also included with the broad task "Staffing”. rather than chaotic individualism. The Grameen Bank Project (Grameen means "rural" or "village" in Bangla language) came into operation with the following objectives.Contolling involves measuring performances against goals and plans and helping correct deviations from standards. Professor Muhammad Yunus also follow all management process when he decide to established this bank . the positions in the organizer structure. Staffing is important because it ensures right person at right place. identifying the requirement of manpowe. they guide the manager in the use of resources to accomplish specific goals. Head of the Rural Economics Program at the University of Chittagong. dismissal. Mental revolution and Taylors scientific management principles: 1) Replacing rules of thumb with organized knowledge 2) Obtaining harmony in the group action. It musts make sure that events confirm to plans. filling the vacancies and training employs so that the assigned tasks are accomplished effectively and efficiently. Activities are evaluated to determine whether they confirm t the plans. At first he make a plan and make sure the vision and mission of his bank . rather than discord. d) Controlling: controlling involves measuring performance against goals and plans and helping correct deviations from standards. discharge.
4. Associate savings with credit without it being necessarily a prerequisite. freely selected by the borrower. 9. understanding and respect for the rural environment. Establish priorities for action vis-a-vis to the target population: serve the most poverty-stricken people needing investment resources. We shall follow and advance the four principles of Grameen Bank: Discipline. Make sure that the credit system serves the poor. . Combine close monitoring of borrowers with procedures which are simple and standardised as possible. Unity. 2. Courage and Hard work – in all walks of our lives. who have no access to credit. 5. Prosperity we shall bring to our families. Do everything possible to ensure the system's financial balance. and not vice-versa: credit officers visit the villages.(Mission ) (Vision ) Method of Action The Grameen Bank's Method of action can be illustrated by the following principles Start with the problem rather than the solution: a credit system must be based on a survey of the social background rather than on a pre-established banking technique. 3. At the begining. 10. 2. creativity. Make it possible for the borrower to be able to repay the loan. 7. Adopt a progressive attitude: development is a long-term process which depends on the aspirations and committment of the economic operators. Lean on solidarity groups: small informal groups consisting of co-opted members coming from the same background and trusting each other. enabling them to get to know the borrowers. restrict credit to income-generating production operations. 8. 6. Also Professor Muhammad Yunus make 16 decision that are 16 Decisions 1. Invest in human resources: training leaders will provide them with real development ethics based on rigour.
One classic study of managers identified three important types of managerial skills: technical. we shall all go there and help restore discipline. We shall build and use pit-latrines. conceptual. During the plantation seasons. We shall repair our houses and work towards constructing new houses at the earliest. We shall not take any dowry at our sons' weddings. Professor Muhammad Yunus Organising his bank with 24.703 (Oct 2007) employees And he arranging and distributing work. 13. Leading is one of the important part of management process. Yunus doing efficiently and efficiently deploying manpower across the organization. authority and resources among the members of the organization in order to accomplish the goals best like that ……………. We shall plan to keep our families small. 6. 16. We shall collectively undertake bigger investments for higher incomes. We shall grow vegetables all the year round. neither shall we allow anyone to do so. To ensure the success of organization management apply controlling process of management. 12. 10. We shall not practice child marriage. If anyone is in difficulty. we shall boil water or use alum. We shall always keep our children and the environment clean. If it is not available. We shall not inflict any injustice on anyone.. 8. We shall not live in dilapidated houses. interpersonal or human. We shall always be ready to help each other. We shall minimize our expenditures. 14. We shall educate our children and ensure that they can earn to pay for their education. 15. and attitudes to perform a task. Managerial skills are the ability to use knowledge. Every organization need to Control. We shall drink water from tubewells. 5. Success of a company or organization depend on proper leading. We shall look after our health. 11. we shall all help him or her. We shall eat plenty of them and sell the surplus. . 9. If we come to know of any breach of discipline in any centre. managers also need a number of specific skills to succeed. 4. We shall take part in all social activities collectively. behaviors.3. 7. We shall keep our centre free from the curse of dowry. In addition to fulfilling numerous roles. neither shall we give any dowry at our daughter's wedding. we shall plant as many seedlings as possible. GB become a successful bank by doing controlling properly Staffing is applying properly in Graemmen Bank.
Yunus is founder and chairman of Grameen Bank. Kamanl uddin’s statement for Grameen Bank c. e. He has all ability to manage this organization. It is especially important for first line manager. and employee in order to build. Develop a supplier relationship management program for procurement. It is mostly needed at the top level manger.Fayol identified three basic skills – Technical skill. d. And Dr. is especially important for mid-level mangers. develop a customer relationship management program for sales and marketing.Diagnostic skill and analyzing skill are also prerequisites to managerial success. apply the general concepts of relationship management with customer. 2. It is important t for managers at all levels. Dr. competitor. We are discussing about some of import managerial skill below: Managerial skills: Robert L. a famous management theorist and father of modern management . 1. maintain. S. We should say that Professor Muhammad Yunus successful manager of Grameen Bank. Yunus has conceptual skill. has popularised a concept developed early in this century by Henry Fayol. understand and motivate both individual and groups. And we know that conceptual is especially important for top level manager. For his creativity he got Nobel Prize for Grameen Bank. and grow networks and relationships with individuals and organizations. Human skill: The ability to communicate with . Yunus statement for Grameen Bank. As a top level manager Dr. b. Develop the managerial skill that manager have to have . Technical skill: technical skill are those involved in making a product or providing a service. human skill. supplier. Learning outcomes : Upon completion of the assignment we will be able to a. conceptual skill. Achieve a clear idea about management and management system. References : Book reference : . Katz. a teacher nad business executive . Conceptual skill: the mangers ability to organise and integrate information to better understand the organization as a whole.
management ( Boston: Houghton Mifflin Company. p-12 4.I. and control performance in the management system.. the knowledge to design and develop a relationship program with the customer and the supplier. op. c. wikipeadia of grameen bank and other data related websites. p-12 5. 1997) d. George R. When I started research I faces lots of problem. 2. S. Because the all data are not available in internet. 1997. Ibid.Massie. Ricky W. 1984 b.B. the ability to model different types of relationships in management process. And the other data are collected from internet. Objectives of the study This subject provides us with 1. techniques. Kamanl uddin’s statement for Grameen Bank REQUIREMENTS : . Stoner. Griffin.ct. 3. Terry and Stefhen G.. principles of management ( Delhi: A.. joseph L. Wikipedia of Grameen Bank and related websites. the strategy in relationship management so the company can effectively utilize the tools. op.T. 3. Yunus statement for Grameen Bank.S. essential of management ( Delhi : prentice Hall of India. and measures used to develop. Research : Maximum management system data are collected from some of management books. Dr. Terry and Franklin. 1997) 2.cit. Franklin.a. to enable them to prioritize their responsibilities and efforts in processing within the logistics operation. Bibliography : 1. monitor.
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