TOPICS

1) APPROACH TO THE STUDY OF MANAGEMENT

2) SLEPT ANALYSIS

3) SWOT ANALYSIS
APPROACHES TO THE STUDY OF MANAGEMENT

 APROACHEA TO THE STUDY OF

MANAGEMENT-this means how we study
management and what are topics which we
have to deal while going through entire study
of management.
 TYPES OF APRROACHES:

 1) EMPERICAL OR CASE APPROACH-This method

analyses management by studying experience through
cases.

 2) INTERPERSONAL BEHAVIOUR APPROACH:-In

this we study about relationship of individual because
management is process which involves thing done
through people.

 3) GROUP BEHAVIOUR APPROACH:-This

approach is mainly associated with the study of group
behavior rather then individual.
 4) COOPERATIVE SOCIAL SYSTEM APPROACH:-
this is study based on both interpersonal
and group behavior study.
 5) SOCIO-TECHNICAL SYSTEM APPROACH: in
this we study about how technology
influence personal attitude and group
behavior.
 6) DECISION THEORY APPROACH –it is
believed that since management is based on
how to make a decision and it is central
approach
 7) SYSTEM APPROACH-in this we study about system
and sub system. system includes planning system
,organizational system, and control system.

 8) MATHEMATICAL OR MANAGEMENT SCIENCE

APPROACH-in this we study about mathematical model
which provide a powerful and logical tool for
simplifying and solving complex problem

 9) CONTINGENCY OR SITUATIONAL APPROACH-it takes

into account not only situations but also the influence
of given solutions on behavioral pattern of organization
• 10)MANAGERIAL ROLE APPROACH-this deals
with what are the role that a manager play in
organization
• 11)MCKINSEY’S 7-S FRMEWORK –the 7-s are
strategy ,structure,system,style ,staff shared
values and skills.
• 12)OPERATIONAL APPROACH- The attempt to
develop science and theory with practical
application. It distinguishes between
managerial and non managerial knowledge.
 What is SLEPT analysis ?
• A SLEPT analysis is a tool that helps to analyse
the business environment.
• SLEPT: a study of social , legal, economic,
political and technological factors that affect a
business.
SLEPT

Social Legal Economic Political Techno

factors factors factors factors factors
 SOCIAL FACTORS

• Social factors that affect the business are –population , attitudes,

pollution ,expectations
Education, beliefs , custom and culture of people.

LEGAL FACTORS
• Every business is encircled by a web of laws , rules and regulation,
not only on the national level but also on the state and local levels .
these laws are designed to protect workers , consumers , people ,and
property rights.
 ECONOMICAL FACTORS

• Economical factors play a very important role in business

,these factors are comprises with 1.capital 2. Labor 3. Price
levels 4.Tax polices.

POLITICAL FACTORS

• The action of the political and government leaders do

change with social demand and beliefs . Government enacts
the rule that may promotes the business by providing
financial assistance . finally government is biggest customer
of goods and services.
 TECHNOLOGICAL FACTORS

• The benefit of technology is greater

productivity, higher living standards and more
leisure time and a great variety of the
products.

•New Discoveries & Innovations

•Speed & Cost of Technology Transportation.

 SWOT analysis
• The technique is credited to Albert Humphrey, who
led a convention at Stanford University in the 1960s
and 1970s .

• SWOT analysis is a strategic planning method used

to evaluate the Strengths, Weaknesses,
Opportunities, and Threats involved in a project or in
a business venture.

• The aim of any SWOT analysis is to identify the key

internal and external factors that are important to
achieving the objective
• Internal factors – The strengths and weaknesses internal to the
organization.

• External factors – The opportunities and threats presented by the

external environment to the organization.

• Strengths: attributes of the person or company that are helpful to

achieving the objective(s).

• Weaknesses: attributes of the person or company that are harmful to

achieving the objective(s).

• Opportunities: external conditions that are helpful to achieving the

objective(s).

• Threats: external conditions which could do damage to the

objective(s).
 USES OF SWOT analysis
• SWOT is used in any decision-making
situation when a desired end-state (objective)
has been defined.
• SWOT analysis may also be used in pre-crisis
planning and preventive crisis management.
• SWOT analysis may also be used in creating a
recommendation during a viability
study/survey.
• Another way of utilizing SWOT is matching and
converting.
THANK YOU