MBA and B.tech class notes

Showing posts with label B.tech and MBA class notes.. Show all posts
Showing posts with label B.tech and MBA class notes.. Show all posts

Friday, 18 January 2013

Scientific Management- (Contribution of F.W. Taylor)



Scientific Management
(Contribution of F.W. Taylor)

Frederick Winslow Taylor was first person who gave Scientific Management in 1911. He also called the father of scientific management. Scientific Management was concerned to improving the operational efficiency at the shop-floor level.

According to Taylor, “scientific management means knowing exactly what you want men to do and seeing that they do it in the best and cheapest way.”

Scientific management is based on the analysis, planning and control functions. And job accomplished by analyzing, and works can selected and trained scientifically. In this, management role is to determine the kind of work for which an employee suited and hire and assign workers accordingly. Management is not responsible for execution of work but they are responsible for how the work is done. Co-operation between management and workers can enhance the work and achieve the maximum output.

Taylor called it as “Mental Revolution”, because it creates the mutual understanding, trust and confidence between the management and workers for achieving goal (higher production).

Principles of scientific Management

Under scientific management, Taylor developed the following parameters for organization.

Ø Scientific work study
Ø Task planning
Ø Tools and materials
Ø Selection and Training
Ø Standardization
Ø Worker management interrelationships
Ø Differential piece wage system

  Objective of Scientific Management

       Ø Scientific utilization of various resources like human power,       material etc.
Ø To provide trained and efficient work force.
Ø To provide standardize methods of work.
Ø To provide a scientific base for selecting material, and equipment.
Ø To provide extra wages to the worker for higher production.
Ø Replace old rule of thumbs to new scientific methods.
Ø To develop a good rapport between management and workers.
Ø To achieve higher production, with reduce costs and maximum efficiency.
Ø Less wastage.





Friday, 4 January 2013

Levels of Management


B.tech and MBA Class Notes



Level of Management

Management has various activities in an organization. These activities are controlled by different people at different level. The term “level” of management refers to a lines of demarcation between various managerial position is an organization.The levels of management can be classified in these broad categories.-

Top level: 

Top management also called administrative level management. It is a central management. Top management of a company is constituted by its board of directors and the chief executive.

Functions:
  • Top management formulates objectives and establishes goals and policies of company.
  • It determines the basic pattern of the organization structure.
  • It prepares strategic plans and policies for organization.
  • It prepares overall budgets and programs for short terms and long terms operations.
  • It is responsible for the success or failure of the organization.
  • It is responsible for maintain public relations with the outside world.
  • It provides guidance and direction to all department of organization.

Middle Level:

In large organization is bifurcated into two parts upper middle or intermediate management.
Middle management is constituted by branch managers, departmental and sectional managers.

Function:
  • They receive orders from top level management. and develops derivative objectives and policies.
  • They are responsible for co-coordinating the activities within the branch and department.
  • They interpret policies and direction from top level management to lower level.
  • They motivate the day to day function of the management.
  • They affect co-ordination between top management and supervisory management.
  •  They linked the top level management to lower level management.
  • They send progress report of their work to top level management.

Lower level:

Lower level is also known as supervisory or operative level. It is constituted by superintendents, foreman and inspectors.

Function:
  • They guide and direct the worker for daily activities.
  • They arrange material required by the workers.
  • They are responsible for the performance of workers.
  • They supervise and guide the sub-ordinates.
  • They ensure the quality of work completed in a given time.
  • They are planning and completing day to day work.
  • They direct contact with the workers.



Notes- this post shared here are base on my study in case you find anything wrong and missing points than please bring it to my notice.




Evolution Of management
Taylor's contribution
Classical theory
Max Weber-1900
Bureaucracy Management
Henri Fayol




Thursday, 20 December 2012

Importance of management

B.tech and MBA class notes



Importance of Management

Management is the catalyst and brain of industry without which no any organization can established or survive in the business environment. But, management was not know in old times as it presently seems, it became this world at the beginning of the industrial revolution when the  scale of production became vary large and need to control  its various stage of production and distribution problems in the industries. This problem required an immediate action and attention for the coordinate of work. Thus management was born in industries to solve and manage industrial conditions. Now management is worldwide in the modern industry. It becomes essential part of modern industrial world.

According to Trucker, "management is the dynamic life-giving element in every business. Without it the resources of production remain resources and never become produc­tion. Management is the catalyst without which no organization can survive and grow”.

According to Peter Druker,” management is the crucial factor in economic and social development.”

Thus the importance of management can be summarized as below-
  • Formulate objectives and goals: - Management determines the objectives and main goals for the organization.
  • Innovation: - Management encourages to using new technology and ideas. Innovation makes the organization more efficient.
  • Guidance: - Management provides guidance to the workers to work properly and efficiently.
  • Motivation: - Management motivates the workers to work hard by providing them various incentives. They also solve their personal problems.In this way they can boost the productivity and profitability of the organization.
  • Reducing cost by increasing output: - Management does work through planning, organizing and controlling; thus, it reducing the cost and increasing the output.
  • Optimum utilization of resources: - Management utilizes all the physical and human resource effectively; this leads to efficiency in organization. Management provides maximum utilization of scare resources by selecting its best possible alternate. It avoids wastage to utilize proper resources.
  • Selection of well qualified human power: - Management selects well qualified and expert human power for different works.
  • Establishes Equilibrium:- Management helps in serving an organization in its dynamic environment. It enables the organization to survive in changing environment. The environment of organization changes due to external complexities and hence management has to deal with it. To establish sound organizational structure is one of the objectives of management.
  • Useful for society: - Management provided good standard of living to his workers. And management provides useful and quality products to the consumers.

At the last, in the word of Peter Druker,
          “Management is the dynamic life giving element in every business without it the resources of production remains resources and never become production”.