G.H.

Patel College of
Engineering and Technology
Subject :- Economics And Management (2140002)
Department :- Chemical Engineering
Semester :- 4rt
Enrollment No. :140110105042
140110105043
140110105044

Students Name :Rahul Patel

Sagar Patel
Vashishtha Patel

FUNCTIONS
OF
MANAGEMENT

Organizing

Planning

Staffing

Monitoring

Leading

 PLANNING: If

you are planning for one year,

grow rice. If you are planning for 20
years, grow trees. If you are
planning for centuries, grow men!

Proverb

 PLANNING: Objective:A clear specific measuring post indicating progress

towards achieving a short term goal.

Goal:An overall or longer term aim providing focus for day to

day activities.

Plan:Projected courses of action aimed at achieving future

objectives they provide clear goals and map the activities
needed to achieve them efficiently and effectively they are
the propellers of an aero plane or rudder of a ship.

 Planning

is critical for business we have to organize

our days, weekly, monthly, yearly and long range
activities.

Planning

gives us direction and helps identify and

focus important issues for business.

Gap Analysis

see hand out

Values
Vision
Mission
Strategic

Plans

 Values:-

What is important to a person or a company

Example-being impartial, free from discrimination,
ethical, fair, flexible, safety, trust, customer focus Tylenol challenge in 1980.

Vision:-Where

we are headed-expresses what a

business truly wants to achieve-aims to challenge,
inspire and stretch people in a company .
Example-Disneys vision is to make people happy.

Mission:-

the vision.

How will we get there? The path to reach

Developing a Strategic Plan

1) Based on the Values of the business.

2) Based on Vision of the business.
3) Based on Mission of business.
4) Focus on top important issues.
5) Design the objectives for (4) above this is your
strategic objectives.
6) Do a Gap analysis.
7) Get to WORK!
8) Do the SMARTT Plan.

What
is organizing?
ORGANISING

It is defining roles, responsibilities and

arranging and coordinating the resources
needed to successfully carry out plans
-Right People in the Right Seat in the BUS
called BUSINESS.

What is staffing?
STAFFING
People are a hotels most valuable resource - the
hotel needs the right people to be attracted to join itthen it is recruiting, training to do their jobs
effectively and treating them well to retain them.
Losing employees is easy - recruiting is twice as
hard - Lets do a costing of recruitment?
Disneys recruitment policy - what is most critical Is it recruiting or training?

 LEADING:

Leadership is about achieving business goals through the

work of others. - David Karpin

Trait Approach:Focuses on personal qualities such as

intelligence, genetic etc.
Transformational Approach:Leads the organization in new
direction through leaders talent and drive.
Charismatic Approach :Leads through personal magnetism,
charm and other qualities Example Steve Jobs of Apple
Computers.
Narcissist Approach:Leads through personal skills, magnetic
attraction and also are distrustful of others and consider
themselves invincible Example Napoleon, Bill Gates.

 LEADING:

Styles of Leadership

Dictatorial lead through force and threats you do not lead by

hitting people over the head that is assault, not leadership
Eisenhower

Authoritarian task centered leaders, want to control, decision

making is very limited.
Democratic participative leadership people centered style.
Laissez use delegation and leave employees to do their jobs
with little or no input from themselves.

 MONITORING:-

What

is
Monitoring?

 MONITORING:-

How are we doing?

Are we operating within the budget?

Are we meeting our targets?

It is keeping an eye on how the business is
doing checking on budgets, materials, costs,
staff, revenues, quality, safety measures etc.