Foundations_of_Management_Presentation.pptx

FOUNDATIONS OF MANAGEMENT

1. Foundations of Management Presented By: Bhawna Singh

2. Introduction Definition of Management: Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. Importance of Management: - Ensures organizational goals are met - Optimal use of resources - Drives productivity and innovation - Essential for growth and adapting to changes

3. Historical Evolution of Management Theories Classical Management Theories: - Scientific Management (Frederick Taylor): Efficiency, standardization, specialization - Administrative Management (Henri Fayol): Management functions and principles - Bureaucratic Management (Max Weber): Structured hierarchy and clear rules Behavioral Management Theories: - Hawthorne Studies: Importance of social factors in productivity - Maslow’s Hierarchy of Needs: Motivation through needs - Theory X and Theory Y (Douglas McGregor): Different management styles Modern Management Theories: - Systems Theory: Organizations as open systems - Contingency Theory: Best management style depends on context - Total Quality Management (TQM): Continuous improvement and customer satisfaction

4. Core Functions of Management Planning: - Setting objectives and determining the best course of action Organizing: - Arranging resources and tasks to achieve objectives Leading: - Motivating and leading employees to achieve goals Controlling: - Monitoring performance and making corrections

5. Levels of Management Top-Level Management: - Focus on long-term strategic goals Middle-Level Management: - Implement strategies and coordinate departments First-Line Management: - Supervise employees and manage daily operations

6. Management Skills Technical Skills: - Ability to perform specific tasks related to a field Human Skills: - Ability to work well with others and build relationships Conceptual Skills: - Understanding the organization as a whole and its parts Decision-Making Skills: - Identifying problems, evaluating alternatives, and making choices

7. Current Trends in Management Globalization: - Managing across cultures and adapting to global markets Technology and Innovation: - Integrating digital tools and innovation Sustainability and CSR: - Balancing profit with social and environmental responsibilities Agile Management: - Emphasizing flexibility and customer-centric approaches

8. Challenges in Modern Management Change Management: - Leading organizational change Diversity and Inclusion: - Managing diverse teams and fostering inclusivity Ethical Decision-Making: - Ensuring ethical standards in business practices

9. Conclusion Summary: - Recap of management theories, core functions, levels of management, skills, current trends, and challenges. The Future of Management: - Discuss emerging trends and the evolving role of managers.