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85 lines
1.9 KiB
Markdown
85 lines
1.9 KiB
Markdown
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draft = false
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semester = ['S1']
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subjectcode = ['PBM DCM1110']
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unit = 'Unit 1'
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title = 'Unit 1'
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toc = true
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weight = 1
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url = '/uninotes/s1/pbm-dcm1110/pbm-dcm1110-unit1/'
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### ***April 5, 2026***
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## Characteristics of Management
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A) Goal Oriented.
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B) Pervasive.
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C) Multidimentional:
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(i) Management of People.
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(ii) Management of Operations.
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D) Continuous.
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E) Dynamic.
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F) Group Activity.
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G) Intangible.
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## Functions of Management
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A) Planning.
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B) Organising.
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C) Staffing.
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D) Directing.
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E) Controlling.
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### A) Planning
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1. Determine the goals or mission of the organisation.
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2. Forecast future conditions.
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3. Select the best course of action.
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4. Formulate policies, procedures, budgets.
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### B) Organising
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1. Identify and analyse activities required to be operated on.
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2. Group similar activities.
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3. Assign duties to individuals.
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4. Delegate authority and responsibility to the individuals in managerial roles.
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5. Establish and announce clear authority relationships to ensure coordination and control.
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### C) Staffing
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1. Recruitment and selection.
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2. Training.
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3. Performance appraisal.
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### D) Directing
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1. Leadership and supervision.
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2. Motivation.
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3. Communication.
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### E) Controlling
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1. Establish performance standards.
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2. Measure performance.
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3. Compare performance with the standards.
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4. Identify reasons for deviations.
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5. Implement corrective actions.
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6. Use feedback to evaluate performance improvement.
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## Significance of Management
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A) Optimum unilization of resources.
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B) Minimisation of costs.
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C) Achievement of group goals.
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D) Organisational stability.
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* Management depends on Effectiveness and Efficiency.
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## Scope of Management
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A) Production Management.
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B) Personal Management.
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C) Marketing Management.
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D) Financial Management.
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