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Management And Entrepreneurship VTU Notes

Management And Entrepreneurship VTU Notes

Management

Management And Entrepreneurship VTU Notes 

Management and entrepreneurship vtu notes

Definition:

  • Art of getting things done from people.
  • The process which consists of directing, organizing, controlling to determine and accomplish resource and use of people.

Importance of management

  • Goal oriented.
  • Universal.
  • Productivity.
  • Multidisciplinary.
  • Integrative force.

Functions of management

  • Planning
  • Organising
  • Directing
  • Controlling

Roles of manager

Interpersonal Role

  • Figurehead- Manager has to attend public functions, he should attend the wedding functions of his co-workers.
  • Leader- Every manager needs to encourage his employees to achieve his company goal.
  • Liaison- Manager should collect the external contacts, vertical command to collect the information which is helpful for his organization.

Informational Role

  • Monitor- He should scan out external society response about his organization.
  • Disseminator
  • Spokesman- He should represent his organization before various outside groups which help for company growth like government officials, labor unions, financial institutions.

Decisional Role

  • Entrepreneur- Manager should look for innovations in his organization to improve products, creating new products or service.
  • Disturbance handler- He should be very active in finding out the solution to any problem.

Levels of Management

  • First-line management- foreman, white collared supervisors.
  • Middle management- plant managers, personnel managers, departmental heads.
  • Top management- chairman, president.

Managerial Skills

  • Conceptual skills- Ability to take broad and far-sighted view of his organisation and its growth in future.
  • Technical skills- manager should understand the nature of job that people under him are doing.
  • Human resource skill- Ability to interact with his co-workers and he should recognise their feelings and sentiments.

Difference between management and administration

  • Management- involves doing lower level function consist of directing, executing policies, plans.
  • Administration- involves thinking about new policies, plans.

Disclaimer– The content provided here is not copied from any institutional textbooks or lecture notes. You can check copyscape.com to ensure unique content.

  • This content is just recommended to the student for their last-minute preparation for there exams.
  • This content is related to the syllabus of VTU, so we are using management and entrepreneurship VTU notes.
  • This is not official notes prescribed by VTU.

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