Principles of Management | Importance of Management | Six M's of Management (Management Video 1) скачать в хорошем качестве

Principles of Management | Importance of Management | Six M's of Management (Management Video 1)

View all our courses and get certified on https://academy.marketing91.com Principles of Management Management is a process that helps to achieve organizational goals in a systemized and structured manner. According to theorist Henry Foyal Principles of Management include forecasting, planning, organizing, commanding, coordinating, and controlling. The importance of management in business includes 1. Achieving common organizational goals 2. Proper utilization of available resources 3. Adequate division of labour as it will lead to specialization of work 4. Increased output 5. Fulfilling social obligations 6. Survival and growth Six M’s of the Principles of Management are 1. Manpower 2. Machines 3. Materials 4. Methods 5. Money 6. Markets The manager plays An interpersonal role where he is the leader, liaison and figurehead An informational role where he monitors and transmits important information A decisional role where acts as entrepreneur, negotiator and resource allocator Management is an art As it gets things done through people Management is a profession As it requires proper training and innovative ideas to handle every situation Management is a science As it takes the help of ability, skills, knowledge, experience and initiatives systematically to boost efficiency and performance Management skills for three levels of management are 1. Technical skills - For Lower-Level Management 2. Human skills - For Middle Management 3. Conceptual skills - For Top Management 4. Design skills - For Top Management An example of Apple Inc.’s Organizational Structure is provided to understand the concept. This video is on Principles of Management and it has the following sub-topics. Time Stamps 0:00 Introduction to Principles of Management 00:42 Importance of Management 01:30 Six M’s of Management 02:16 Role of a Manger 03:49 Management is an Art 04:33 Management is a profession 05:28 Management is a science 06:32 Management Skills 07:48 Top Management 08:21 Middle-Level of Management 08:50 Lower-Level Management 09:21 Apple Inc.’s Organizational Structure