LPG &

PROCESS OF MANAGEMENT

Group members:- Akash Ratheesh 23030141004

Ankit Singh 23030141065
Harshal Jade 23030141027
Udhay Pratap 23030141075
Globalisation:-
Facilitated the rise of emerging
markets and created new
opportunities for trade and
investment. At the same time, it
exacerbated income inequality
and labour exploitation.
Privatisation:-
Increased efficiency and
profitability of state-owned
enterprises, but also led to job
losses and less accessible public
services.
Liberalisation:-
Sparked innovation and
competition, yet also caused
disruptive financial crises and
environmental degradation.
Liberalization:-
Liberalization in the Telecommunications Sector
◦ Introduction: Liberalization involves opening up markets to
competition, reducing government intervention, and promoting
economic growth.
◦ Example: Company: Tele Com Connect
◦ Key Points:-
1. Pre-Liberalization: Tele Com Connect was a state-owned
telecommunications company with a monopoly on services.
2. Liberalization Impact: Government policies changed, allowing
private players to enter the sector.
3. Competition and Innovation: Tele Com Connect faced
competition from new entrants, leading to improved services,
lower prices, and innovative offerings.
4. Consumer Benefits: Customers gained access to a wider range of
services, better quality, and competitive pricing.
Privatization:-
Privatization of State-Owned Steel Plant
◦ Introduction: Privatization involves transferring state-owned
enterprises to private ownership, often resulting in improved
efficiency and performance.
◦ Example: Company Steel Works Inc.
◦ Key Points:
1.State Ownership: Steel Works Inc. was previously a government-
run steel plant.
2.Privatization Process: Government sold majority shares to private
investors, relinquishing control.
3.Operational Changes: New management streamlined processes,
invested in technology, and implemented cost-saving measures.
4.Positive Outcomes: Steel production increased, quality improved,
and the company became profitable.
5.Community Impact: Privatization led to job creation, economic
growth, and local development.
Globalization:-
Global Expansion of Retail Giant
◦ Introduction: Globalization involves expanding a
company's operations beyond national borders, capitalizing
on international markets and opportunities.
◦ Example: Company: Global Mart Retail
◦ Key Points:
1.Domestic Origins: Global Mart Retail started as a local
supermarket chain.
2.Global Expansion: The company expanded
internationally, opening stores in multiple countries.
3.Supply Chain Integration: Global Mart sourced products
globally, optimizing costs and offering diverse products.
4.Cultural Sensitivity: Tailored marketing and product
offerings to local preferences, respecting cultural nuances.
5.Global Workforce: Hired employees from different
countries, fostering diversity and local expertise.
 PROCESS OF MANAGEMENT

PLANNING CONTROLLING LEADERSHIP COMMUNICATION

ORGANIZING CO ORDINATION MOTIVATION MORALITY

 Planning
◦ Planning in organizations involves a structured
approach to defining goals, strategies, and actions
that guide the organization's activities towards
success.
◦ Setting Goals and Objectives: Organizations start
by defining their long-term and short-term goals.
These goals should be specific, measurable,
achievable, relevant, and time-bound (SMART).
◦ Environmental Analysis: This involves evaluating Example:- Continental Airlines flourished under
the internal and external factors that can impact the Gordon Bethune mainly due to changes made in the
organization's operations. Internal factors include functioning inside the company like he gave $65 to
the employees each month the Continental’s on time
strengths and weaknesses, while external factors
rating improved which encouraged the entire staff
include opportunities and threats (SWOT analysis). to work towards the same goal.
 Organising
◦ Effective organizing ensures that the right
people are in the right roles, resources are
allocated efficiently, and workflows are
designed to promote productivity and
collaboration.
◦ Division of Labor: This principle involves
breaking down complex tasks into smaller, Example:- Amazon is known for its efficient
manageable components and assigning them to organization of its fulfillment centers. The
individuals or teams based on their skills and company uses advanced algorithms and robotics
to optimize the placement of products in the
expertise warehouse, making it easier for employees to
◦ Coordination and Communication: pick and pack items quickly. This level of
organization helps Amazon deliver orders to
Organizing includes establishing mechanisms
customers rapidly.
for effective communication and coordination
between different departments and teams.
 Controlling
◦ Controlling helps organizations ensure that their plans
are being executed effectively and efficiently. It allows
them to identify and address issues before they
escalate and helps maintain focus on achieving the
desired outcomes.
◦ Establishing Standards: The first step in controlling
is setting clear and specific standards or benchmarks
against which actual performance can be measured
Example :-Toyota is known for its rigorous
◦ Measuring Performance: Organizations need to quality control practices. The company employs
gather data and information to assess how well their a system called "Kaizen," which emphasizes
activities are progressing. This involves collecting continuous improvement. Employees are
relevant data through various methods, such as encouraged to identify and address even the
smallest quality issues promptly. This
performance reports, key performance indicators meticulous focus on quality has contributed to
(KPIs) Toyota's reputation for reliability.
 Co-ordination
◦ Coordination in organizations refers to the
process of harmonizing and aligning activities,
tasks, and efforts across different departments,
teams, and individuals to achieve common
goals.
◦ Financial Controlling: An airline company Example:-NASA's space missions involves
monitors its financial performance by complex coordination of various teams,
comparing actual expenses and revenues with departments, and contractors. The planning
the budgeted amounts. and execution of missions like the Mars
◦ Retail Inventory Control: A retail chain uses rovers or the International Space Station
involve meticulous organization of
point-of-sale (POS) data and inventory tracking
resources, technology, and expertise from
systems to control its inventory levels. around the world.
 LEADERSHIP
o Leadership is the ability to guide, influence, and
inspire individuals or teams to achieve common
goals and excel in their roles.
o Key Characteristics of a Good Leader
o Vision :Effective leaders have a clear and
inspiring vision that guides their actions and
decisions.
o Empathy :A great leader understands and
empathizes with the needs and concerns of their
team members.
o Decisiveness: Leaders are capable of making
well-informed and timely decisions, even in
challenging situations.
o Company: Apple Inc.
o Example: Apple's former CEO, Steve Jobs,
exemplified effective leadership:
o Visionary Leadership: Steve Jobs had a
clear vision for innovative products like the
iPhone and iPad.
o Inspiration: His passion and high
standards inspired Apple's teams to strive
for excellence.
o Risk-Taking: Willingness to take calculated
risks led to game-changing products and
market success
 MOTIVATION
o Motivation is the internal or external
factors that drive individuals to take action,
achieve goals, and excel in their work.
o Benefits of Motivation in the
Workplace:
o Increased job satisfaction and employee
retention.
o Enhanced creativity and innovation.
o Improved overall company performance
o Company: Google
o Example: Google's "20% Time" policy illustrates
motivation in the workplace:
o Empowerment: Employees are encouraged to
spend 20% of their workweek pursuing personal
projects or innovative ideas.
o Innovation: This policy has led to the creation of
successful products like Gmail and Google News.
o Employee Satisfaction: It boosts morale and
keeps employees motivated by providing
autonomy and opportunities for creativity.
 COMMUNICATION

o Communication involves the exchange

of information, ideas, and messages
between individuals or groups

o Benefits of Effective Communication:

o Improved team collaboration. o Company: Microsoft

o Enhanced productivity, especially in
remote and global teams.
o Better decision-making and problem-
solving.
o Example: Microsoft Teams, a collaboration platform,
demonstrates effective communication in business:
o Messaging: Instant messaging and chat features
facilitate quick and efficient communication.
o Video Conferencing: Supports face-to-face
interactions, even in remote work environments.
o File Sharing: Easy sharing and collaboration on
documents and files within the platform.
 MORALITY

o Morality is a set of principles or values that

determine what is considered right and
wrong behavior in a society or for an
individual.

o Importance of Moral Values for Companies

and Employees:
o Upholding moral values creates a positive
work culture and enhances the reputation of
the company.
o Company: Patagonia
o Example: Patagonia's commitment to
sustainability and environmental conservation
is reflected in their supply chain practices,
including using recycled materials and donating
a percentage of profits to environmental
causes.
THANK YOU