Principles-of-Management presentation (2) (1).pptx

steps for businesses

1. Principle s of Management The principles of management provide a framework for effectively leading and organizing an organization toward its goals. They serve as guidelines for decision- making and ensure efficient resource utilization. AN ORGANISATION GOLDEN RULE IS TO MAKE PROFIT

2. INTRODUCTION 1 Proper way s the utilize the re s ource s 2 Time management 3 Execution 4 Stability 5 Managing expen s e s 6 Individuality 7 Employee relation s 8 Job s ecuring 9 Cu s tomer s ati s faction 10 promotion 11 patience 12 profitablility

3. Planning 1 Goal Setting This step involves identifying desired outcomes and establishing clear targets for the organization. 2 Strategy Development Here, you outline the approaches and actions needed to achieve the set goals, considering available resources and market conditions. 3 Action Planning This step involves breaking down the strategy into specific tasks, assigning responsibilities, and setting timelines for execution.

4. Proper Way s to Utilize Re s ource s To effectively manage resources, focus on these areas: 1 Work Efficiently Streamline processes and eliminate waste to maximize productivity. 2 Capacity Planning Ensure you have the right resources and skills to meet your goals. 3 U s e Technology Adopt innovative solutions to automate tasks and boost efficiency. 4 Optimize Re s ource s Ensure resources are used to their full potential. 5 Collaborate Encourage teamwork to share knowledge and resources.

5. WORK EFFICIENCY CAPACITY PLANNING USE OF TECHNOLOGY OPTIMIZATION COLLABRATE

6. Time Management Effective time management is crucial for productivity and success. It involves prioritizing tasks, minimizing distractions, and utilizing tools and techniques to make the most of your time. By developing strong time management skills, you can reduce stress, accomplish more, and achieve your goals more efficiently. 25% DEPENDS ON YOUR SKILLS 1/3 DEPENDS ON HOW YOU PRENSENT 75 DEPENDS ON TIME MANAGEMENT

7. TIME BLOCKING PLANNING TIME MNAGEMENT PRORITIZE TASK AVOID MULTITASKING PROCRASTINATION

8. Execution 1 Plan Develop a clear plan and strategy for your goals. 2 Act Take decisive action to implement your plan. 3 Review Regularly evaluate your progress and make adjustments.

9. Execution: The Key to Succe ss Develop a Clear Plan Take Decisive Action Review and Adjust Regularly Stay Focused on Your Goals Execution is the crucial final step. It requires clear communication and effective monitoring. Without strong execution, even the best plans will fail. Execution turns ideas into reality.

10. Stability 1 Con s i s tency Maintaining a steady, reliable approach 2 Balance Achieving equilibrium across various aspects 3 Re s ilience Withstanding challenges and bouncing back Stability is the foundation for sustained success. It involves consistently delivering quality, adapting to changes, and maintaining a balanced approach. By building a strong, resilient framework, organizations can weather the storms of uncertainty and emerge stronger than before.

11. lead with optimism Provide resources to succeed Communicate honestly Share a plan of action

12. MANAGING EXPENSES Create a budget: Making a budget is the first and the most important step of money management. It is a fairly simple measure and has been used for centuries. In order to make a budget, estimate the amount of money you will ideally need to spend each month based on your income, lifestyle, and wants. Set financial goals: Having a financial goal allows you to stay focused and avoid overspending. So, plan what you want to do with your money in the short as well as long term. Save Early: It is important that you start saving as early as possible.the earlier you start saving, the more interest your savings will get over time. With the power of compounding, you get interest not only on your savings but also on the returns earned every year. Avoid dept The high interest can eat into your savings. Taking on multiple loans also affects your credit score, thereby making it harder for you to avail credit when absolutely necessary or in some cases, even a job.

13. Individuality Embracing individuality is crucial in the workplace. It allows people to express their unique talents, perspectives, and approaches. Celebrating differences leads to more creativity, innovation, and problem- solving. Individuality should be encouraged, not suppressed, as it empowers employees and fosters a dynamic, high- performing culture. 1 Express Unique Talents Individuality allows people to showcase their distinct skills and perspectives 2 Foster Creativity Embracing differences leads to more innovative ideas and solutions. 3 Build Confidence Being true to oneself boosts self- assurance and empowers employees

14. Embrace Teamwork Fo s ter Innovation Ma s ter Time Management

15. EMPLOYEE RELATIONS 1 Fairness and consistency: Employers must treat all employees fairly, indiscriminately and consistently, regardless of their position or seniority. Favouritism should be done away at all costs. 2 Communication This ensures effective exchange of information between managers and employees, fostering understanding and collaboration. 3 Employee involvement Employers should involve employees in decision- making processes that affect their work and the organisation. This helps to promote a sense of ownership, belongingness and commitment among employees and can lead to better decision- making, performances and business outcomes.

16. JOB SECURITY followed by: strong job market Individuals can influence their degree of job security by increasing their skills through education and experience, or by moving to a more favorable location. The official unemployment rate and employee confidence indexes are good indicators of job security in particular fields. Reputation A strong reputation can be a unique selling point that sets a business apart from its competitors. Stakeholder confidence. Shareholders and investors feel more secure investing in companies with solid reputations, which often indicates stability and strong management employee's skills Employability skills tend to be non- technical skills that help make you an impactful employee. Each job requires some combination of technical and workplace skills (sometimes called soft skills).

17. cu s tomer s tati s faction 1 Satisfied customers are likely to purchase from you again. One easy way of knowing this is through surveys. Ask them to rate their satisfaction levels on a scale of 1 to 10 and see who will be happy to purchase from you in the future. 2 Cu s tomer s ati s faction i s the key to making or breaking brand s . In thi s competitive world of many brand s , cu s tomer s ati s faction mu s t be the focal to your cu s tomer s trategy 3 Decrease negative word of mouth This will directly impact your business revenue and brand reputation management. Repeat business rides on customer hapiness, and unhappy customers are detrimental to your business.

18. promotion Recognizing and promoting employees based on merit enhances the organization's reputation as an employer of choice. It attracts top talent who are motivated by opportunities for growth and advancement. Promotions provide opportunities for employees to grow professionally and advance in their careers. It allows them to take on more challenging roles, develop new skills, and broaden their experiences. Promotions recognize and reward employees' hard work, dedication, and contributions to the organization. It boosts morale and motivates employees to continue performing at their best.

19. PATIENCE Patience can reward us with positive recognition, better sales, increased customer satisfaction or stronger profits . Prudent decision-making: When it comes to making sound decisions, patience is the most redoubtable resource. Patience keeps us out of the reach of negative thoughts that could cloud our judgment 1 See Through the Len s of Other s 2 Li s ten and A s k Que s tion s With a Po s itive Attitude 3 Evaluate Ten s ion Point s in an Unbia s ed Way

20. PROFITABILITY Profitability Management means knowing where you earn your money, and finding out how to improve your profitability , i.e., how to affect the bottom line. The trend is clear and not likely to stop. sales profit loss

21. THANK YOU!!!! PRESENTATION BY TEAM 6 BBA 1ST YEAR 24- 27