Professional Documents
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Management
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Chapter : 1
Topic : Management
Concept
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Management can mean: –
A people – Management refers to the people that carry out the activities of
management. These people are managers.
3 Definition
F.W. Taylor - “Art of knowing what you want to do and then seeing that it is done the best
and cheapest way”.
Peter F.Drucker – ”Management is work and as such it has its own skills, its own tools
and its own techniques”.
5 Introduction
Management, as a concept, can mean a process (that is, a set of activities), a
people (that is, a group of managers); or a profession (that is, a special field of
study).
The focus of this thought is increase in productivity and efficiency through applying
scientific methods on the shop floor or workplace. It tries to identify one best way of doing
a job.
This thought was led by Henri Fayol. The thought identified six groups of activities in an
organization, i.e., technical, commercial, financial, security, accounting, and managerial.
Systems theory
1) Planning: This step involves mapping out exactly how to achieve a particular goal. Say, for
example, that the organization's goal is to improve company sales. The manager first needs
to decide which steps are necessary to accomplish that goal. These steps may include
increasing advertising, inventory, and sales staff. These necessary steps are developed into
a plan.
2) Organizing: After a plan is in place, a manager needs to organize the team and materials
according to their plan. Assigning work and granting authority are two important elements of
organizing.
3) Staffing: After a manager discerns his area's needs, he may decide to beef up his staffing
by recruiting, selecting, training, and developing employees.
4) Leading: A manager needs to do more than just plan, organize, and staff the
team to achieve a goal. She must also lead. Leading involves motivating,
communicating, guiding, and encouraging. It requires the manager to coach,
assist, and problem solve with employees.
10 Roles of Managers
These roles fall into three categories:
12 Elements of management
1) Prevoyance (Forecast & Plan)- Examining the future and drawing up a plan of
action. The elements of strategy.
2) To organize- Build up the structure, both material and human, of the undertaking.
4) To coordinate - Binding together, unifying and harmonizing all activity and effort.
5) To control - Seeing that everything occurs in conformity with established rule and
expressed command.
Chapter :- 1
End Of Topic:- Management
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