Site hosted by Angelfire.com: Build your free website today!

Principles of Management

Instructor: Navaid M. Khan



A program of
Institute of Business Management


FALL 2014


All students must carry to the class the course text book
MANAGEMENT
by
KATHRYN BARTOL, MARGARET TEIN, GRAHAM MATTHEWS & DAVID MARTIN

All those who do not have the text book in the class, their marks will be deducted




Some Basic Definitions
• Management is the process of attaining organizational goals by effectively and efficiently Planning, Organizing, Leading/Motivating and Controlling
the Organization’s Human, Physical, Financial, and Information Resources

• Efficiency is
• Getting work done with a minimum of effort, expense, or waste
• Doings things right—most output for least input

• Effectiveness is
• Accomplishing tasks that help fulfill organizational objectives
• Doing the right things

Manager is:
Someone who participates in the management process by planning, organizing, leading, or controlling the organizations resources.

Entrepreneur is:
An individual who conceives an idea of what product or service to offer and launches and runs his business.

Organization is:
A group of two or more people who work together in a consciously structured setting to achieve group goals.

Customers are:
Individuals and organizations that buy the goods and services produced by an organization

Performance is:
The degree to which individuals and organizations achieve organizations goal with effectiveness and efficiency


Four Management Functions

Planning
• Determining organizational goals and a means for achieving them Organizing
• Deciding where decisions will be made
• Who will do what jobs and tasks
• Who will work for whom

Leading
Inspiring – Motivating

Controlling
• Monitoring progress toward goal achievement and taking corrective action when needed

My Life principles

  • - To succeed you need to be Daring, Different and the First
  • - Winnig is not Everything; it is the Only thing!
  • - The best way to predict your Future is to Invent it!
  • - Never be doomed to Mediocrity

My Favorite Web Sites

World's # 1 Customer Service Guru
Serving the less fortunate
Education for the future
Building proactive mindsets

Email: cms2002@cyber.net.pk