Management ethics

Management
Planning
Organizing
Staffing
Direction
Co-ordination
Reporting
Budgeting
Principle of management:
· Division of labor
· Authority and Responsibility
· Discipline
· Unity of command
· Unity of direction
· Order
· Equality

Types of Management :

1) Marketing Management
William Stenton, “Marketing Management includes all the activities connected with the planning, pricing, promotion and distribution of products and services to satisfy current and prospective customer”

*Financial Management
Mr. Hogland, “Financial management is concerned with how the business unit arises the funds and how it applies the funds.”

*Production Management
Afred & Betty, “Before starting work, the planning of which work, when in what quantum, how and where is to be done and maintaining control over, it is production management”

*Human Resource Management
It conclude recruitment , selection, promotion, training, transfer, demotion, wages, incentives, motivation, welfare activities, values, corporate ethics, corporate culture, standards, discipline, behavior, personal career planning, improvement of quality of work life of human growth in functional areas.

Management funda :
If you don’t like any rule than follow it go to the top and change the rule.

Managerial skills :
a) TECHNICAL SKILL
b) DECISION MAKING SKILLS
c) ORGANISATIONAL SKILLS
d) COMMUNICATING SKILLS
e) MOTIVATING SKILLS
f) LEADERSHIP SKILLS

MANAGERIAL OBJECTIVES:

1) NATURE OF BUSINESS
2) CONTINOUS SUPPLY OF CAPITAL
3) GROTH OF FIRM
4) INCRESING PRODUCTION & PRODUCTIVITY
5) ECONOMIC OBJECTIVES (PROFIT)
6) SOCIAL OBJECTIVES(WAGES & SALARIES TO WORKERS)
7) HUMAN OBJECTIVES(MOTIVATE)