FUNCTIONAL MANAGEMENT and its functions ch

Functional management

1. FUNCTIONAL MANAGEMENT BBA 3 RD YEAR ASSIST.PROF.VANI JAIN

2. Production management is the process of managing production inputs (raw materials, capital, and labor) to produce outputs (finished products). For companies that manufacture products, production management is necessary to ensure the operations and logistics (supply chain) run smoothl It is also called "Production Function." Production management is slowly being replaced by operations management. The main objective of production management is to produce goods and services of the right quality, right quantity, at the right time and at minimum cost. It also tries to improve the efficiency. The Production Management System (PMS) allows users to control all aspects of batch production processing in a centralized and decentralized environment.

3. Production management refers to the process of managing the activities of a business to furnish desired outputs of products and services. It involves planning, executing, and directing operations to convert raw materials into finished goods and services. Production management jobs, titles, and salaries vary and have different responsibilities. A production manager manages the production process and ensures the company's manufacturing goals are met (outputs) by successfully overseeing inputs such as time, staffing, efficiency, materials, and costs. Production management focuses on one important goal- to meet client satisfaction. It is done through delivering quality products and services within a business firm. Here, the raw materials are transformed into finished goods that can be utilized by the business to meet the requirements of its customers.

4. Production management aims to monitor and improve the efficiency of activities, materials, staff resources, and budgets to produce goods. Production outcomes vary according to the industry. A production manager ensures that manufacturing stays on schedule, within budget, and achieves the desired output goals. A product manager is the person who identifies the customer need and the larger business objectives that a product or feature will fulfill, articulates what success looks like for a product, and rallies a team to turn that vision into a reality. Knowing how your skills, talents, values, and interests translate into possible jobs or careers. Matching your skills, etc. to existing jobs or careers. Matching your career goals to your financial needs. Matching your career goals to your educational needs.

5. Career planning is a process in which people analyze their personal strengths, weaknesses, skills, interests, and more to determine which job opportunities would be a great fit. They then set goals to pursue those opportunities. Career planning is traditionally understood as the process of assessing personal strengths, values and aspirations, establishing goals and objectives; identifying the steps needed to achieve them; and putting this information into a written career plan, which will then be periodically reviewed and updated. To map out careers of various categories of employees suitable to their ability, and their willingness to be 'trained and developed for higher positions. The main objective of designing a career development system is to foster better communication within the organization as a whole.

6. career planning is an integral part of the manpower planning which in turn is an important part of the business or corporate 'planning. Career planning assists in finding those employees who could be groomed for higher level positions, on the strength of their performance. Human Resource planning gives valuable information about the availability of human resources for expansion, growth, etc. A career plan lists short- and long-term career goals and the actions you can take to achieve them. Career plans can help you make decisions about what classes to take, and identify the extracurricular activities, research, and internships that will make you a strong job candidate.

7. Self-awareness helps individuals understand their emotional responses to these situations and enables them to bounce back from setbacks faster and more effectively. It allows individuals to evaluate their reactions, learn from their experiences, and adapt their strategies as needed. Self-awareness is the ability to identify, articulate, and develop one's values, interests, skills, strengths, knowledge, and experiences relevant to personal growth and professional success. Assessing Your Level of Competency. This is the time to really reflect on yourself and where you are at with this competency. Self-awareness is about recognizing and understanding our personalities, emotions, and skills. It helps us understand our strengths and weaknesses, which helps us better solve problems. This even improves our interpersonal skills, making us better friends, partners, and teammates.

8. Elements Of Career Management Career planning. ... Career pathing . ... Career development. ... Improving performance. ... Simplifying career prospects. ... Increases employee motivation. ... Improves organisational support. ... Helps in identifying employee skills and interests. Communication. Communication includes listening, writing and speaking. ... Problem solving. ... Teamwork. ... Initiative. ... Analytical, quantitative. ... Professionalism, work ethic. ... Leadership. ...

9. The Career Management Model consists of five steps: Assessment: Clarify and understand your interests, skills, values, and personality. Research: Explore career or job opportunities that interest you. Make decisions and set goals: Evaluate the pros and cons of feasible options and create goals and timelines. This model views career development as a lifelong process that involves five stages: growth, exploration, establishment, maintenance, and disengagement. Each stage has its own tasks, challenges, and transitions, and people may revisit or modify their stages depending on their personal and environmental factor A career model is a common platform for career development and talent management comprising three components: 1. Career Stage Profiles (CSPs) define career paths and key stages along a career path, performance expectations for each stage, and what it takes to get to the next stage.

10. The process of career planning helps the individual to be aware of various career opportunities. Life as we see every day has become fast paced and highly competitive, having a career plan will give you clarity when selecting the right profession for you and also help you set your priorities right. The benefits of career development for employees are clear. Setting goals to grow in your career can help you reach more senior positions, learn new skills, plan for the future, earn more money, and enjoy your job. Career development also benefits employers in many ways. Networking. Networking is one of the most effective ways of career progression, as you only need to appear in conferences and meetings to connect with people. ... Make a plan. ... Stay motivated to exceed your goals. ... Know your industry. ... Improve your skills. ... Find a mentor. ... Set goals. ...

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