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Business Studies Department, BUKC

CLASS BBA-I Section-C

COURSE TITLE : PRINCIPLES OF MANAGEMENT
COURSE INCHARGE: MS AMBREEN MUZAMMIL.
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*Lecture Outline
Brief Introductory
Session
Lecture 1 # Learning
Objectives
Introduction to
Management and
Organization
Key concepts of
management
Who are managers?
Importance of Managers
Managerial functions
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1. To explain why managers are important to
organizations.
2. To tell who managers are and where they work.
3. To describe the functions, roles, and skills of
managers.
4. To describe the factors that are reshaping and
redefining the manager’s job.
5. To explain the value of studying management.

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Organization- *OBJECTIVE – A SMART
statement that is achievable
A deliberate arrangement of within a small-time frame to
group of people, resources attain a certain goal.
and methods at one place
to accomplish an *GOAL – A short statement
organizational about a desired outcome to
objective/goals. be achieved in the long-run
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maybe in next 5-10years.
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1.Organizational goal
2.Human resource (people)
3.Material resources
4.Methods.
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*A Process of Managing
*An Activity as the
and administrating a
series of inter-related art of getting things
functions of an done through the
organization
regardless of their efforts of other
size, type and nature. people.
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Management – It is the task of getting
results through others by coordinating their
efforts.
Just as the mind coordinates and regulates
all the activities of a person, management
coordinates and regulates the activities of
various members of an organization.
It involves coordinating and overseeing the
work activities of others so that their
activities are completed efficiently and
effectively.

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 R(s)
Managers Do
the
Management!
Manage
MENT

Who are managers?

Why are managers important?
What are different managerial levels?
Where do managers work?
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*Someone who
coordinates and
oversees the work of
other people so that
organizational goals
can be accomplished.

A manager’s job is not

about personal
achievement - it’s
about helping others
do their work. 13
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* What are different managerial levels?

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* They manage entrepreneurial businesses, large
corporations, government agencies, hospitals, museums,
schools, and not-for-profit enterprises. Some hold top-level
management jobs while others are supervisors or team
leaders. However, all managers share one common element:
They work in an organizational setting.
 Organization - A deliberate arrangement of people
assembled to accomplish some specific purpose (that
individuals independently could not accomplish alone).
 Common Characteristics of Organizations:
 Have a distinct purpose (goal);
 Are composed of people;
 Have a deliberate structure.
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 R(s)
Managers Do
the
Management!
Manage
MENT

What do we mean by Efficiency and

Effectiveness in management?
What do managers do?
What are key management functions,
managerial roles and managerial skills?
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“Doing things “Doing the right

right”! things”!
Getting the most Attaining
output for the least
inputs. 19
organizational goals.
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Three Approaches to Defining
What Managers Do:
1. Functions they perform.
2. Roles they play.
3. Skills they need.

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Defining goals, establishing
strategies to achieve goals, and
developing plans to integrate and
coordinate activities.

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*Arranging and structuring work to
accomplish organizational goals.

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*Controlling - Monitoring, comparing, and
correcting work.

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* Time management is an important skill
that will impact your future as a
manager. You can categorize the time
that you spend as either required or
discretionary. You can assess your time
management skills by keeping track of
your time using a schedule calendar
and breaking down the time devoted
to each activity over a week. After a
week of logging the activity, note
whether each activity was required or
discretionary and whether the time
was used productively or
unproductively using a 10-point scale
in which 10 is very productive and 1 is
completely unproductive. Now write
up a plan on how to manage your time
by coming up with a list of what to
start doing and stop doing and what
you
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can do to manage your
discretionary time more productively.