Course Content
OVERVIEW OF MANAGEMENT
Definition and importance of management Functions of management Managerial roles Evolution of management thought Types of management environment
0/6
PLANNING FUNCTION
Meaning and importance of planning Principles of planning Purpose of planning Types of plans Planning tools Process of planning Planning challenges Making plans effective Management by objectives
0/10
ORGANIZING FUNCTION
Meaning and Importance of Organizing Structure and Designs of Organizations Principles of Organizing Process of Organizing Delegation Coordination Centralization and Decentralization Informal Organizations
0/9
STAFFING FUNCTION
Meaning and Importance of Staffing Human Resource Planning Recruitment and Selection Training and Development Performance Management Reward Management Separation
0/8
DIRECTING FUNCTION
Meaning and Importance of Directing Leadership Motivation Communication Group Dynamics Conflict Management
0/7
CONTROLLING FUNCTION
Meaning and Importance of Controlling Elements of Control Characteristics of Effective Controls Control Process Role of Control in an Organization Tools of Controlling
0/7
STRATEGIC MANAGEMENT
Overview of Strategic Management SWOT Analysis Strategy Formulation Strategy Implementation Strategy Evaluation
0/6
EMERGING ISSUES AND TRENDS
Organization Culture Ethics and Social Responsibility Managing Innovation and Change Diversity and Inclusion Corporate Governance Globalization
0/7
Principles and Practices of Management
About Lesson
  1. Applicability: A solid control system should be tailored to the nature and needs of the activity being monitored.
  2. Timeliness: Deviations should be detected and reported as soon as possible, if not before they occur. Only by promptly reporting irregularities and their reasons can timely corrective action be taken.
  3. Forward-Looking: A sound control system should allow for the possibility of deviations occurring again.Therefore, it should enable the manager to plan and think forward.
  4. Exceptional Control: A control system should focus on critical variances rather than just pointing out deviations.It should concentrate on the strategic locations or important places where immediate control action is required.
  5. Objectivity: Performance standards and measurements should be objective, verifiable, and specific to the greatest extent possible.Control should be reasonable and workable if it is based on facts and participation.
  6. Adaptability: The control system should be adaptable enough to accommodate changes in needs and conditions. It should continue to function even if the plans change or fail miserably.
  7. Controls must be cost-effective: A small business cannot afford the complex management system of a large corporation. Therefore, the benefits of the control system should justify the expense of installation and maintenance.
  8. Ease of Use: The control system should be straightforward to use.When everyone understands a control system, it can work successfully.Conversely, controls that are overly complex and elaborate are often ineffectual.
  9. Speculative: A sound system should advise the appropriate course of action. It should detect failures and reveal where they occur, who is responsible for them, and what should be done in response.
0% Complete
error: Content is protected !!

Pin It on Pinterest