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Business management Notes, Study notes of Business Fundamentals

Business management Study Notes

Typology: Study notes

2023/2024

Available from 06/08/2025

nikhil-kale
nikhil-kale 🇮🇳

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_ Some _ohjective Cee _—__———Full Filling ~ ase som e_purpose.? al | iS—Putpose is achieve by utili; | p+} as IZING id suth ag man rMathines Capital I e+. Some — basic manag ern ent fon threota‘h Which the purpose is achieved» y_| The Follawing diaaram Shows about . Management MGMT FUNCTIONS >| PLANNING Qut put { |ORGANTZING = Achi ewemen+ +> STAFFING | oF ohiectives on ey LEADING a nEormaho n \ - ss te. CONTROLLING LL ATT Te | Page No.| [ Date = ont gig 1p managerial coles———@) | tint-2besgrs —10-— FreL> Figs-ce bead > s+ || tn ten personal an aa > Lead en subn ¥ bia sien _ 7 | EReDSS \ jRecepicnt | Informational et | ~<> Dissemmnatay > wee SPokes Pexsan Cems} Entsepsen edu Decisional | ~ Distusbunce handler » yi Resource allacatian Negatiatat \ evel _oF management» | ! “mi dd Strategic i \ Oa, Aa cheq Uw Page No, | ‘ ioe Les 3 3a al Fox _the given pumpaose- oe ‘Leading specialty icomes — into Pictume J When they ‘cared difficulties, Gn} ous ‘Crogis eC. By showing others +o move Foeing Rb overcome the _ pra blems Conclusion - This Function - Com pares syrskeee uw! sesyjrs with the: aohieve wesult and ties: +o minimiae deviation from tne set planes thei t ts - loope beth daptvalling and Clearing | planning +a Compare as welt oS -pake any veguired change with planing itsell. G) Controlling “= Monitors Progress Cantina sly and makes corsection imedarely tn minimize tie deviations. AV Leyels of Managenne nt := Their are basically three level of — management Known as \y Strasengic level Ctop 3 2) Tactical level Cmiddies a) DPevations- level Cfixst dG enenvally People sekex to. them og top — Level - maid ais tevel. and» lawey level —— upan the beyel_ab— | managtrnent Depending _ mapaimen tne ti8cion tmaseing “vas | ond times spend. unrtous .* (fenel re Date J : | OP enatton | S— Manag ements : ey [Tage Gener aleve managers dissions aye peng +o. one: year |_—_time period gt the maxim rt uno__Hney _denencoty |_ __OP&ationa] issues | Whitt are “wees | oruckure problems can problems | This ___Psrmb leans Can this So) ve with ot mutch applicctron or Im ag natisn ov [inttuveation | Tactical managements ©: At this level tne manager ove divisional vpead . ve departmental. head They genetily —tveak Witty “tne — pydblem stand up +a_3 to SY ena: ingeneral they deal with Gents trotiae Peeblem which BCOW sed | Cdetentton erperg¢ente knowledge .:and alsa Lge wf Some imagination atve Six _ShelsZ . Stratergi¢ Management: At this. level — meting ers “deal With, long tox pn —_iSSues fora plane us ta to 1S yeas 6 generaduy dead With Un sts ucdte a | “Problems. | gti like Groupi og —in the dark nes —————|L Ore lik e piading td allay Pim the ship | _uiteck Cvam the middle of the gcean _____ |}—______ They toy —+te imagination 6 understand. tne changes that au lghty te take place —— Hl cease ack Sits caeae Gannett ee RAREST pCa cun.g eg. IL ; oe ‘ Page No. [Date | —~ | This Pavportion are based upon the magnitude re ‘ \ . ae size of the\ problems anre__jissueS they. ip face Prom> time :to +ime Pais Fayol':s “64 “Principttd s- | He is known as Pathe of management - oe ~__|L-and his 14 principdes gare _relasan + even | today to au the organizctions for managing. organizations effectively es ee nat —_#/ The Ptinei ples ame as Follow si- Wl Divigion of work (2), “Authority & respon sibi lites. (3) Discipline (4) Unity of com meéuyd..- $s) Lin ity. of divection __ & Suboidination of individual inemesinto oxganizdHon -o) intevest: compore to hay, kor in corre, Hi Remuneration Contencepepmeptiny ® Seif. analyasis ]_pecenwalizahion (Central zation }—_ (9) Ssealut chain: [ cacomuritebton eth) ve L__(\o ardes (material, Social ) equ (Feith treatm » —> equal decedrewte) oF pew exsonme) ¢manpowey) 413) Se (mew ideas) -Espiit de Cops C Team spat) ommuntoatian potheljice iy tans ‘a |_| pe p+ ; i A a pes Mews — 2 | Page No. | Date Rl y* pouno Maslow's Theory af Hiexachical_ Meeks a _LNE belb- Actializ AS Esteem-neods Prestige needs \e Socra] needs ny ARE: nation meek L Ne “soPety peed ox =~. secumity needs | rf ai \S Phy.siolag ical needs 01 Basic needs It ig a motivation theory human beings ane Not -statisFiy at the level where they Stay. A+ “the Piryst level people work “40 SatisPy feceessity such aS they basic needs oF Food, caotthes shelten. work arc After this need are pull Fil) phew the to harder to ga hraher “Level to -_ work Under sake ‘y Secured conditton: APter some time thes want to sise to J nent higher level which 1s: social peeds feeds which means they are apcilrattan ito be “wecognise ae pas oP the — wanted society - Becotse of this arepgan They peafoym , Punctians ‘and evens” people in they community such as waiting invitation one birthday panty e+. to be wrecognise as They hawe a desixe i; pembers of society ! _ABtey thig level People paul like to goto next level - thad is extreme needs. | Date ——— _ ts The atu _Y types tof Manas tr § slaceae of the Mistakes — & they hint: — Peele NESS ENOL gat atktue Posi tiv € 47 Sespansibities _& exercise self aie Hence they think People Should be | trusted Le give Freedom and = mtourw dhem +o! Make decision. This tyne! of manag CA’ EN Coumag-e 7 ghey _SUb-otdindpe de “peline Ln Freedom aS welt GS. democratic Style oF sekOws ‘ ut id An weicd ity tneasy x & Theory iY PessonalitieS OF oF +0 €xdqemne oF Auman pahyre- But there is fan obsoluke A ¥ype of V tHpes of persons. A Pex son may he ONY were bet : U this x Sy, eon ting : Page No. fearl {Date | ~ 9h co: operate seca) - wesponsibititiess-Lcsr} = - Now in’ india cSR is mandatoxy to (site enntibilte 21 of thely net profit should ~ bie Spend Fox i weaftwre, of this Socjeby ___—|_-+this—also___helps +o _companyies' _-Fo__gain a a Positive Public image - This CSR activities ~___ || ane measured aby conductin ag Socj.a) auti-bs __ 9) What should < bei measure in tevms of CSR% Con truburion : ___ 2), Fund Tarsing 3)! Nol wntevi sum 4) Re-cuclinga OU ~J 5)) Valuing. diversity: J 6) quality of work life L-Guwi P| Attention to Cosumers. © |\managesias Ethics (> Moral management (2) Amora! management (3) Imoral management: Ernics seFex to Valuaet oF principle dealing by peoPle not +o form __othevs _ Far #he— —_|_ welfare of Soci ety | Sticke bo Hae. - Principle ~ under any — Te rcum tances and does nat byiel —&2* FQ tn _moral_manugement ‘= a wi Th pon en ft ___— ¢ Company manage: oPercrpals Fox iS own heneLits-=————___ ee Page No. po [oa ~ af eanical guidlines tay managers. @ x) Diseveral ta OI seu wctovs afFect the ethical behamw' ours OF individucl ov \ managers. a Among them stage of moval developement _the_one which is mesult of oF brining by L-thely Parents , family Cldens efe. | a _ Childven learn From the elders in child -waod & paattices the same kind of behawiou’- er TE parent dane: -libveasel open minded childven grow in beh citizes. The veverse also apply in the sence in_elder ___ Lame ip with clase mind set childean gown iD | +0 Naatow minded Person 2) tn dividual checatectres is pnUthe, aPfert which one OFFect : oe 4 i Tt tndicates Pewsanal wales, Fgosengine locus — of contol: so if a person has béegger locus of contol: Good Personal value 6 eg ostaengirh is hikely +o hecome ethtealty Strong. ~_| the sveverse iS' alsa Hue: However individual ~_|| chavaoter tics -owe webwtant of educatron ——_|_ experience , family buck gtown, exposers etc — | in conteat sf nyrganization Structural varrables | ¢hot is organizaben _shructuse main _ofFect — ——_l_ ethical behawiousrs: IC theiy is \ Scope Fo1———— —_ | unethical behawiaur, employer with law self —— || sespect likely to behorre uneth ally ————— | the abe ante Which aPFect emPployef culture. pa” very sts eth oad — SL TTP dhe a iin yith ed Value: then sane rane irh be Fallow "G Page No, [ Date Next _genecation ernpl oy en dp Same wil) continued. then the SsaMe Cul frme The Comp culture ighould: howe high isk tolerance With gy stand any unethical Any unethical: Powces. Azpaa— Pere Apart Prarshissue ‘intensity also afte Peopde — beh aniowts - many “person referimag (Stay away ) doing harm's +0 other. Ie it is biggen haar . : : __ They alsa bow to ‘the Becher Pressure | DF Concensus (Public opinian> Ethical. quidelines: Pox managers \ Obey the laud 2) Tell “the truth . Sept be held human dégnity : Q) Primum —“Mon-nocer Cabave all do. nat harm’) at 6 PAN ow GudP Por partici pahon * faa At there to the Golden. tube Tae Mechantam. ofor ethical manage meat I Tops m ine f _sasyfebthitel —POining nvinsiangrs a: yom OL | ___G)||_ Ethics ine: a if { Page No. | Date expressive oponions. cre Sugyetyan etc = interest of the ovganization._ — manager's Should penet illness thoy _— =) Vesponsiblittes Wideq aNy cl rcurn tan — to others. ene TP the erie is deel cult they Should bea wh ® move Poxward: ex. Satish Dhawal Qa: APT. kalam incident Mechanisum of ethical management 4 $- - we OvganizaHons hove several different Mechunisn Fox ethical Management - To_Mak Pxoq xa me Sucess kul Sup Pa oF thanagement «iS pecessay withouk which Mo PLogscarine can be sucessful. + 2. -—It_is a basic requivem ent -+he management’ gives contain quid | iN€S ax _instyrpabisn fo the employes in Teluaa farm about doas jE donst nis instructs will help employes — ical _behawiouy . atee pe a eae ra ay Fis tostituted inondes, an stnies Committee ' i eny al = !TOT?. b Sa ane jth of oa inn namin Poaaihaight are manthly. audits . ea Paty aiso conducts ethics 4 ef —in sin manth vax once OP Year ahove : a Fi —_ I _— ee _to the emPloyes by mentioning | Stoves example | -— =e | —_— i | as Page No. Aa | Date |and also Suggest comrective actions. Requiatly ethical training is Conducted | geal life situtian, family etc. And ethical Mot line {5 observe —_ |_Orovided C4 number of a senioy excutive | who Can advice an employes when “situtation of —— | dilammer., is a Rewien) 1S | “Conducted, Remand Joo iaBatblag ec omemdements 4o Mde af ethicS ete. 16 implemented - )- Steps in the Pplannincg Process t-' Se eee oe o | = | Analauging apportituties SS al TF Establising objectives J SJ 3) Deter ming Planning Premises LD) TdentiFying alternatives | Evaltivating Altesnative § SelecH on or. Alternatives 4—_* Pentiens and nae | tmplementatton of plan saw 1 Prectequisites for effective. Planning + we t+ Establisin AY dhe sight: lanai fox amit p> ad_and gpecific objective ap planning —extmises — tH rnitiativer ak top level ? b+) | Participation in plein i Q e Pg Gomnmunicatinn Planning Clements oo repration af lang ‘teren (short term planes Ul and open _Syushem 2PPoragh. Page No, (oa [og 4] 23) zeae —= — —#{ Himitabion —of planning += —~ | Lack of aquvate iNFot matron _- (|. Time __on: suming J prarcess | \_ Bx penssves EP. bol taFlesibinity | CRG idity) ___ S| Resistance to Chang e __6)| govivorm ental constregents 4) pack of @ Gbhility & Com itment 8) False Sence of) security 8 a) wesiStonce: +e establish. ged: 4H Guidlines Fox sucessfrut planning implemen=— tation *- (| tovolue the ~ ight people in the planning Process 2) Communicate dhe plan —theaugh the Lory ani }2OLF IOP = —_——— — Gon) ghould Be 5m “Em ARTER 8 -$pecific M- measurable Tete : i B | | Page No. , (Date f an Evaluate the Plan 6 @_Aknowledging. & Celebrating mp \ish —Ment- \ } % || Mission and vision t- Mission _ Statemvents 7- ‘This “iS 0 statement Which expresses the: Puapose OY Objetive Fox \ Which the company Ov institution O% organisation has come into existance. the \Pounden: rm Qa. Puy pose ip | theiy Mind +o Seyve fox Winch they brought the axganization inte existance the ~ fatiy Continues talcigdaevescttneneumen TE i Objective Me. jt fs ot iScives in teams Of tumbeye