1- 10 MINS WILL BE GIVEN TO JOIN THE

MEETING.
2- AFTER 10 MINS ATTENDANCE WILL BE
MARKED AND YOU WILL ALSO SHARE
YOUR STUDENT ID & NAME IN CHAT.
3- FOR QUESTIONS YOU SHOULD BE USING
THE OPTION OF CHAT.
4- ALL THE VIDEOS WILL BE RECORDED
FOR THE OFFICIAL DOCUMENTATION.
5- ENSURE YOUR MIC SHOULD BE MUTE.
6- PUT YOUR COURSE PACK ALONG WITH.
7- PUT YOUR MOBILES ON SILENT.

IMPORTA
NT
Instructions for Online Classes
DR. HASSAN SOHAIB MURAD (Late)
 Principles of
Management
Section QCA

CR
ABDULLAH ARSHAD
@ 0344 0466655
FOR UPDATES

Email numan.aslam@umt.edu.pk
PREVIOUS TOPICS
Planning & Formal Planning
Why do managers plan?
Planning & Performance Relation
Goals & Plans
Types of Goals
Types of Plans
 APPROACHES TO GOAL
SETTING
Traditional Goal Setting
Top managers set the goals and become sub
goals of each organizational area
Management by Objectives
Setting mutually agreed upon goals and
evaluate employee performance.
 STEPS IN MBO
1. Overall objectives & Strategies
2. Divisional & Departmental units
3. Collaborative set specific objectives
4. All department members
5. Action plans
6. Implemented
7. Periodically reviewed
8. Performance based reward
 STRATEGIC
MANAGEMENT
What managers do to develop the
organizations strategies.
Strategies
The plans for how the organization will do
what its business to do and complete
successfully, and how it will attract and
satisfy its customers to achieve its goals .
 STRATEGIC
MANAGEMENT
Business Model

1- Customers will value what the company is

providing?

2- Company can make money doing that?

 STRATEGIC
MANAGEMENT
PROCESS
1- Identify the organizations current mission,
goals and strategies
2- External Analysis
3- Internal Analysis
4- Formulate Strategies
5- Implement Strategies
6- Evaluate Results