Essential Elements of Management
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ESSENTIAL ELEMENTS OF MANAGEMENT VISION MISSION OBJECTIVE COMPETENCE DECESION MAKING ACTION
VISION
“VISION IS A DREAM”-J.R.D TATA.
VISION IS A PICTURE OF FUTURE THAT PULLS US TO THE FUTURE.ITS A STATEMENT,AN ATTEMPT TO CAPYURE THAT DREAM IN WORDS.
“HOLD FAST TO DREAMS,FOR IF DREAMS DIE,LIFE IS LIKE A BROKEN WINGED BIRD THAT CANNOT FLY”- LANGSTON HUGES.
A VISION IS A STATEMENT THAT TELLS US ,WHERE WE ARE GOING.
VISION
“IT WOULD BE DEFINITELY WORSE TO HAVE EYESIGHT WITHOUT AND NO VISION THAN TO BE BLIND BUT HAVE THAT VISION”.HELLEN KELLER
OUR VISION MUST CONNECT WITH THE HEARTS AND DREAMS OF OUR PEOPLE.SO LET US PULL THE CHARIOTS TOGETHER.J.R.D. TATA
ORGANIZATION PERSPECTIVE VISION HAS GOT FIVE COMPONENTS.
A SENSE OF WORTHINESS.
AN ABILITY TO INSPIRE.
AN INVITATION TO SHARE.
CLEAN,CLEAR AND UNDERSTANDABLE DETAILS.
ACHIEVABILITY
CORE IDEOLOGIES IN THE VISIONARY COMPANIES TECHNICAL CONTRIBUTION TO THE FIELD IN WHICH WE PARTICIPATE………
“ WE EXIST AS A CORPORATION TO MAKE CONTRIBUTION”- HEWLETT PACKARD.
“CONTRIBUTION AND RESPONSIBILITY TO THE COMMUMNITY IN WHICH WE OPERATE”- TATA.
“AFFORDABLE QUALITY TO CUSTOMERS”- HEWLETT
PACKARD.
CORE IDEOLOGIES IN THE VISIONARY COMPANIES
GIVE FULL CONSIDERATION TO THE EACH AND EVERY INDIVIDUAL EMPLOYEE.- IBM
SPEND A LOT OF TIME FOR MAKING CUSTOMERS HAPPY.- IBM
WE PROVIDE INTEGRITY AND ETHICAL BUISNESSBOEING.
LET US ENCOURAGE FOR INDIVIDUAL INITIATIVE.AMERICAN EXPRESS.
THE COPANY EXISTS TO ELIMINATE PAIN AND DESEASE FROM THIS WORLD.- JOHNSON AND JOHNSON.
CORE IDEOLOGIES IN THE VISIONARY COMPANIES
“TO BE THE PROVIDER OF HOUSING
SOLUTIONS,WE ARE ALWAYS WITH YOU TO REACH THE DREAM HOUSES.”- DLF
“WE ARE PASSIONATE ABOUT WHAT WE BUILD”L&T
“WE BELIEVE THAT BUILDINGS ARE MUCH MORE THAN BRICK AND MORTAR.”- MAHINDRA HOUSING.
CORE IDEOLOGIES IN THE VISIONARY COMPANIES “BUILDINGS ARE ULTIMATELY THE PLACES WHERE PEOPLE LAUGH,LOVE,WORK AND PLAY.ITS WHERE OUR CHILDREN GROW UP AND DREAM THEIR DREAMS.THAT IS WHY YOU WILL FIND THAT EVERY
MAHINDRA PROPERTIES HAS THE EXPRESSION OF YOUR OWN DREAMS.”
MISSION MISSION STATEMENT MUST ANSWER THE FOLLOWING QUESTIONS………….
WHAT IS OUR REASON FOR BEING?
WHAT IS OUR BASE PURPOSE?
IN WHAT BUISNESS ARE WE IN?
WHAT IS UNIQUE ABOUT US?
MISION ELEMENTS
TRUSTWORTHY.
QUALITY.
FAIR DEALINGS.
CONTRIBUTION TO THE SOCIETY.
J.R.D.TATA’S MISSION STATEMENT
“ STRIVE FOR PERFECTION AND YOU WILL REACH EXCELLENCE……….”
“NO SUCCESS OR ACHIEVEMENT IN MATERIAL TERMS IS WORTHWHILE,UNLESS IT SERVES THE NEEDS OR INTEREST OF THE COUNTRY AND ITS PEOPLE AND NEED TO BE ACHIEVED BY HONEST MEANS.”
“GOOD HUMAN RELATIONS NOT ONLY BRING GREAT PERSONAL REWARDS,BUT ARE ESSENTIAL TO THE SUCCESS OF ANY ORGANIZATION.”
ECONOMIC PERFORMANCE
ECONOMIC PERFORMANCE IS THE FUNDAMENTAL REASON FOR ANY ORGANIZATION TO EXIST.
CONSTITUENTS OF ECONOMIC PERFORMANCE: TO MAKE PRESENT BUISNESS EFFECTIVE.
TO IDENTIFY POTENTIALS AND REALISE IT.
TO MAKE ALLOTMENT FOR DIFFERENT BUISNESS VENTURES FOR DIFFERENT FUTURE.
CORPORATE OBJECTIVES
TO MAKE PRESENT BUISNESS EFFECTIVE. MAXIMISE OPPORTUNITY MAXIMISE RESOURCE. MAXIMISING RESULTS.
EX:L&T,TATA,RELIANCE,ICICI,MAHINDRA, IBM,GODREJ,BOEING,H&P,ESSAR,ASIAN PAINTS,ITC, AND SO MANY……………
CORPORATE OBJECTIVES
ENVIRONMENTAL SCANNING
SWOT ANALYSIS
TURNING OBSTACLES INTO OPPORTUNITIES.
FOCUS ON CORE COMPETENCY
CREATION OF LEARNING ORGANISATION.
EX: RASNA- 568 CRORES IN 2003.
ORGANIZATION AND ITS ENVIRONMENT POLITICAL
TECHNICAL
COMPEDETION
ECONOMY
LEGAL
VISION + MISION+STRATEGY+STRUCTURE+SYSTEM+STYLE+SKILL+OTHER RESOURCES=
SOCIAL
RESULTS
CULTURAL
THE ART OF WAR “AND THEREFORE ,I SAY: KNOW THE ENEMY,KNOW YOURSELF,YOUR VICTORY WILL NEVER BE ENDANGERED.KNOW THE GROUND AND KNOW THE WEATHER,YOUR VICTORY WILL THEN BE TOTAL………..”- CHINESE MILITARY GENERAL SUN TZU IN THE BOOK “THE ART OF WAR”
ECONOMIC HIGHLIGHTS AT INDEPENDENCE
THERE WERE 20,950 JOINT STOCK COMPANIES WITH TOTAL PAID UP CAPITAL OF RS 510 CRORES,WHICH ACCOUNTED FOR 36% OF TOTAL CAPITAL OF ALL COMPANIES OPERATING IN INDIA.
THERE WERE 382 COLLIERIES PRODUCING 30 MILLION TONNES OF COAL WITH 3.6 LAKH WORKERS.
3 INTEGRATED STEEL PLANTS: TISCO,IISCO, AND BHADRAWATI IRON WORKS.
ECONOMIC HIGHLIGHTS AT INDEPENDENCE
526 COTTON MILLS WITH 7 LAKH EMPLOYEES,ACCOUNTING TO 4% OF NATIONAL INCOME.
100 JUTE MILLS PRODUCING 1.1 MILLION TONNES OF GUNNY BAGS.
TEA PLANTATION,CEMENT PLANTS,SUGAR MILLS,GLASS FACTORY,ENGINEERING UNITS,SHIPPING COMAPANY.
ECONOMIC HIGHLIGHTS AT INDEPENDENCE
3 STOCK EXCHANGES AT BOMBAY,KOLKATTA AND MADRAS.
EVERY BANK NATIONALISED IN 1969 EXISTED BEFORE 1947.
BENGAL,BOMBAY: INDUSTRIAL STATE.
CONTRIBUTION TO SOCIETY
REDUCE SOCIAL INEQUALITIES.
PREVENT UNEQUAL ACCUMULATION OF WEALTH.
NEW ECONOMY POLICY
EASY ACCESS TO FOREIGN INVESTMENTS.
REDUCTION IN RESERVATION OF INDUSTRIES.
INCREASE IN FOREIGN EXCHANGE.
INDUCTION OF NEW TECHNOLOGY.
COMPETITIVENESS.
CHANGING ENVIRONMENT “THE ONE CERTANITY ABOUT THE TIMES AHEAD,THE TIMES IN WHICH MANAGERS WILL HAVE TO WORK AND TO PERFORM IS THAT,THEY WILL BE IN TURBULENT TIMES.THE FIRST TASK OF MANAGEMENT IS TO MAKE SURE OF ORGANIZATIONS CAPACITY TO SURVIVE A BLOW,TO ADAPT TO SUDDEN CHANGES AND TO AVAIL ITSELF NEW OPPPRTUNITIES……….”-
PETER DRUCKER
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