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Industrial Management and Engineering Economy

Content….

• Introduction to Management
• Plant layout Design
• Ergonomics and Industrial Safety
• Project Management
• Engineering Economy

• Management is needed whenever people work together in organization and to reach organizational objectives

Is Management an art or a science?

 Management is an art as well as a science because both are complimentary and mutually supportive. It is a science because it has an organized body of knowledge which contains certain universal truth.  It is also an art because it requires certain skills which are the personal qualities possessed the manager.

Introduction to Management

Tomorrow’s managers must be prepared to meet the challenges of a highly dynamic and rapidly changing business environment.

In today’s tough and uncertain economy, a company needs strong managers to lead its staff toward accomplishing business goals. But managers are more than just leaders — they’re problem solvers, cheerleaders, and planners as well. And managers don’t come in one-size-fits-all shapes or forms.

Introduction to Management

What is management? Management may be considered as follows:

• Field of Study – it deals with management principles, techniques, functions, etc
• Team or Class of people -Individual who performs managerial activities or may be a group of persons
• Process -Managerial activities -planning, organizing, staffing, directing, controlling.

• As managers, people carry out the managerial functions of planning, organizing, staffing, leading, and controlling.
• Management applies to any kind of organization.
• It applies to managers at all organizational levels.
• The aim of all managers is the same: to create a surplus.
• Managing is concerned with productivity; that implies effectiveness and efficiency.

Introduction to Management