As the management is MANAGE MEN and Things, it is the essential part of every organization. The success of an organization depends upon it. Getting things done through others is management. The manager does it. So the manager is the person who lead the business to success, not only during the good time, but also during the tough time.
I know, today’s world urges from me the maximum output from minimum input. So I have to induce different management techniques to get maximum output. As a manager I have to face different management tasks viz. planning, implementing and controlling. It depicts the formation of policy and its translation into plans, execution and implementation of plans and exercising administrative control over the plans are my duties. I have to lead the men and machine to the objectives of the organization. There is need for constant motivation to get the things done from the subordinates. Managing people is not an easy job. This is because, as a manager I have to deal with a variety of people having different aspirations, feelings and emotions. Manager should make constant efforts to understand the nature aspirations and feelings of the people working under them, so as to manage them effectively. Now I remember the statement of a head of an American company with this regard is, “ We do not build automobiles, refrigerators shoe strings, radios; We build men. The men build products”.
The manager essentially deals with the people and resources. His job is to co-ordinate the activities of people and optimizes the use of resources so as to reach the defined goals. As he occupies the pivotal role in between the Board of Directors and the sub ordinate managers. Since the manager is a member of the group next above and at the same time the leader of the group reporting to him, he is best placed to bring to his group interpretation of the goals decisions, attitudes and action of the higher group. The manager thus, becomes the interlocking tie between higher and lower levels of the organization and the natural and most effective channel of communication.
As the manager I should perform three types of work simultaneously.
That is
Managing business.
Managing managers
Managing workers and work.
Each decision by me affects the above things and it is immensely affect the business. As a manager I am responsible for the following.
1. Carrying on to effect the policy laid down by the Board of Directors
2. Communication and interpretation of policy for information and subordinate executives.
3. Keeping the operations of the company under constant review and presenting to the board periodically the accounts and statistics showing the progress and current position of company’s affairs.
4. Maintaining definitions and structure of responsibilities of executive and supervisory position in the organization up to date in requirements.
5. Approving the manufacturing, distributing, development plans submitted by the senior executives concerned.
6. Giving decisions and interpretation of policies when for good reasons a departure from agreed policy arises.
7. Ensuring adequate arrangement to safeguard the continuity of supplies to the customers.
8. Having periodical meetings with the senior executives to review performance against budget standard.
9. Ensuring adequate co-ordination of activities through out the organization; and
10. Ensuring adequate facilities for development of executive and supervisory staff.
To handle the responsibilities and to organize the activities its important that the manager should have plan the various activities, in such a manner which help him to co-ordinate between the sub-ordinate and the management.
As a manager I have to plan the various activities of the organization in following manner.
1. Analysing the internal environment
It is important to analyse the internal environment prevailing in the organization. The internal invironment consist of manpower, machines, materials, organization structure etc. Such analysis would revearl the strength and weakness of the organization.
2. Analyses the external environment
A complete analysis of the external environment to be undertaken. Relevant data to be collected. It is important to forecast trends in the external environment. For instance, the planner has to collect data aout consumer preferences, Govt. policies, competitive conditions etc. Such analysis would reveal opportunities to be grabbed and threats to be faced by the organization.
3. Setting up objectives and goals
Once the environmental factors are analysed the next step is to set objectives. Objectives are set in all the key areas of opportunities, ie., production, marketing, finance, personnel and so on.
Ojectives should be SMART
Specific
Measurable
Achievable
Realistic and
Time Bound
Eg. 1000 units of computer LCD monitor in 2007-08
4. Framing alternative plans
After setting objectives, the next step is to determine the alternative plans. It is to be remembered that it is always advisable to prepare alternative plans rather than preparing a single plan.
Eg. To increase the market share of Compaque Presario LCD monitors, the alternative plans are
1. To increase in advertising
2. Improvement in quality
3. Increase in incentives to dealers
4. Special Gift / price offers to customers etc.
5.Studying (Evaluating) the alternative plans
Once alternative plans are determined, they are to be evaluated in terms of costs, benefits, risks etc. There must be cost benefits analysis of every alternatives. This is because of some plans may be more costly to impliment, but more beneficial to the organization.
The other plans may be less expensive, but may not yield desired returns. Therefore, it’s a necessity of studying the pros and cons of the alternative plans.
6.Selection of the Best Suitable plans
Once the plans are analyzed or evaluated, the next step is to select the best feasible plan from the alternatives. The alternative plan which give maximum benefit at minimum cost, is selected.
While selecting the best course of action, it will be consider the environment and objectives of the organization.
7.Formulation of derivative plans
Several operating plans are required to implement the overall plan. Such operating plans are short-range plans or sub plans, which are useful in day-to-day operations. Programs, budgets, schedules etc are its examples.
8.Establishing the sequence at activities
Once the derivative plans are prepared, the next step is to work out the sequence and timing of activities involved in each sub plans. The sub plan needs to be integrated. So as to achieve the goals as per the plan. Then it will be get clear picture of the final plan.
Thus analyzing the above activities and depending on circumstance of each case, I will plan the various activities in organization, which will gives maximum benefit at minimum cost.
I know, today’s world urges from me the maximum output from minimum input. So I have to induce different management techniques to get maximum output. As a manager I have to face different management tasks viz. planning, implementing and controlling. It depicts the formation of policy and its translation into plans, execution and implementation of plans and exercising administrative control over the plans are my duties. I have to lead the men and machine to the objectives of the organization. There is need for constant motivation to get the things done from the subordinates. Managing people is not an easy job. This is because, as a manager I have to deal with a variety of people having different aspirations, feelings and emotions. Manager should make constant efforts to understand the nature aspirations and feelings of the people working under them, so as to manage them effectively. Now I remember the statement of a head of an American company with this regard is, “ We do not build automobiles, refrigerators shoe strings, radios; We build men. The men build products”.
The manager essentially deals with the people and resources. His job is to co-ordinate the activities of people and optimizes the use of resources so as to reach the defined goals. As he occupies the pivotal role in between the Board of Directors and the sub ordinate managers. Since the manager is a member of the group next above and at the same time the leader of the group reporting to him, he is best placed to bring to his group interpretation of the goals decisions, attitudes and action of the higher group. The manager thus, becomes the interlocking tie between higher and lower levels of the organization and the natural and most effective channel of communication.
As the manager I should perform three types of work simultaneously.
That is
Managing business.
Managing managers
Managing workers and work.
Each decision by me affects the above things and it is immensely affect the business. As a manager I am responsible for the following.
1. Carrying on to effect the policy laid down by the Board of Directors
2. Communication and interpretation of policy for information and subordinate executives.
3. Keeping the operations of the company under constant review and presenting to the board periodically the accounts and statistics showing the progress and current position of company’s affairs.
4. Maintaining definitions and structure of responsibilities of executive and supervisory position in the organization up to date in requirements.
5. Approving the manufacturing, distributing, development plans submitted by the senior executives concerned.
6. Giving decisions and interpretation of policies when for good reasons a departure from agreed policy arises.
7. Ensuring adequate arrangement to safeguard the continuity of supplies to the customers.
8. Having periodical meetings with the senior executives to review performance against budget standard.
9. Ensuring adequate co-ordination of activities through out the organization; and
10. Ensuring adequate facilities for development of executive and supervisory staff.
To handle the responsibilities and to organize the activities its important that the manager should have plan the various activities, in such a manner which help him to co-ordinate between the sub-ordinate and the management.
As a manager I have to plan the various activities of the organization in following manner.
1. Analysing the internal environment
It is important to analyse the internal environment prevailing in the organization. The internal invironment consist of manpower, machines, materials, organization structure etc. Such analysis would revearl the strength and weakness of the organization.
2. Analyses the external environment
A complete analysis of the external environment to be undertaken. Relevant data to be collected. It is important to forecast trends in the external environment. For instance, the planner has to collect data aout consumer preferences, Govt. policies, competitive conditions etc. Such analysis would reveal opportunities to be grabbed and threats to be faced by the organization.
3. Setting up objectives and goals
Once the environmental factors are analysed the next step is to set objectives. Objectives are set in all the key areas of opportunities, ie., production, marketing, finance, personnel and so on.
Ojectives should be SMART
Specific
Measurable
Achievable
Realistic and
Time Bound
Eg. 1000 units of computer LCD monitor in 2007-08
4. Framing alternative plans
After setting objectives, the next step is to determine the alternative plans. It is to be remembered that it is always advisable to prepare alternative plans rather than preparing a single plan.
Eg. To increase the market share of Compaque Presario LCD monitors, the alternative plans are
1. To increase in advertising
2. Improvement in quality
3. Increase in incentives to dealers
4. Special Gift / price offers to customers etc.
5.Studying (Evaluating) the alternative plans
Once alternative plans are determined, they are to be evaluated in terms of costs, benefits, risks etc. There must be cost benefits analysis of every alternatives. This is because of some plans may be more costly to impliment, but more beneficial to the organization.
The other plans may be less expensive, but may not yield desired returns. Therefore, it’s a necessity of studying the pros and cons of the alternative plans.
6.Selection of the Best Suitable plans
Once the plans are analyzed or evaluated, the next step is to select the best feasible plan from the alternatives. The alternative plan which give maximum benefit at minimum cost, is selected.
While selecting the best course of action, it will be consider the environment and objectives of the organization.
7.Formulation of derivative plans
Several operating plans are required to implement the overall plan. Such operating plans are short-range plans or sub plans, which are useful in day-to-day operations. Programs, budgets, schedules etc are its examples.
8.Establishing the sequence at activities
Once the derivative plans are prepared, the next step is to work out the sequence and timing of activities involved in each sub plans. The sub plan needs to be integrated. So as to achieve the goals as per the plan. Then it will be get clear picture of the final plan.
Thus analyzing the above activities and depending on circumstance of each case, I will plan the various activities in organization, which will gives maximum benefit at minimum cost.
Hi Sareesh,
ReplyDeleteThis is good. But I guess you should have elaborated certain points in this assignment.
hI SAREESH.,
ReplyDeletei am in need of 3rd sem assignment from nibm. can you send it to me
regds
bala
hi..Saresh
ReplyDeletei need of 1 sem assignment from nibm.can u send me on my mail id.afi_cool_maxi@yahoo.com
pleas asap...
This comment has been removed by the author.
ReplyDeleteAnswers for 4th Sem Case study :-How probable consequences of a protracted price war care be avoided? Give examples of two industries making bath soaps. What consequences you foresee if such price wars are not avoided on time?
ReplyDeletePlease send me the assignment answers for semester 2
ReplyDelete1. International Law
What are your perceptions on the Universal Declaration of Human Rights? Would you like to amend any of the articles or add a new article to the declaration?
2. Strategic Management
Select an appropriate generic strategy to position your printing business unit in its competitive environment (map the environment primarily as a pattern of competitive pressures from rivals, suppliers, buyers, entrants and substitutes).
3. Business English
Write a letter to the Chief Election Commissioner, expressing your views on the disqualification of party candidates exempted from fighting elections. Express your views on the moral code of the candidates. How criminals or other offenders can be kept out of the pulling fray. What should be done to amend the laws on this by the parliament? (Your letter will belong to which category of communication)
4. Management Information System
How will you plan a Management Information System in marketing information system taking into account the actions of antecedents or consequences of consumers, competitors, employers, institutions, suppliers, wholesalers, retailers, govt. bodies and NGO’s(Note you must also take into account the physical, technological, economic factors, beside legal and social taboos) (Take an example of your choice).
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my email id is abhijoshi081992@gmail.com
Thankyou