Communication assignment
- 1. CENTRAL UNIVERSITY OF KASHMIR “WHAT MANAGEMENT IS” HOW IT WORKS AND WHY IT’S EVERYONES BUSINESS Submitted To: submitted by: Mr Waseem Jahangir Mehraj ud din Assistant Prof. 2001CUKmr16
- 2. Everyone is affected by the management because management is present in every aspect of the world it applies to managing oneself focusing our abilities towards the goal. It applies working relationship with others because it affects our choice about them. Management is putting organisation together that work to accomplish a common goal. The first and the basic task of the manager is to plan and execute the same the managers assess the organisational goals and resource and defines these goals clearly for others. Manager also formulates the plan of action or a road map to the organisation. First having a plan then manager preceded to implement it and the manager should consistently be careful to track where the organisation is and how the organisation is performing means are we utilizing the resources in the best way or in an effective manner. Value creation The term value creation is important because it highlights the shift from managing resources to managing the results or performance of the organisation in the late 19th to early 20th century business where what they made E.g. manufactured steel automobile etc to increase the business value one increasing manufacturing efficiency to produce more steel or more automobile etc. Marketing mindset In 1954 according to famous management consultant he concluded that customers don’t buy products they buy fulfilment of their needs he consoled a change in perspective to see the customers eyes. Ducker emerged managers to ask what is our business, who is customer and what does the customer value. Doing batter being different The key aspect is analysing the business model is the economic relationship of the corrector. However the model does not include compaction which is inevitable. This where strategy comes in how to do batter that your compotators by doing it differently. Examine what wall mart the discount retailer did differently from compotators.
- 3. 1) Adopting the super market means lower costs and cheaper products. 2) Up to date inventory means know what’s selling and how much. Measurements evaluate preferments: measurements can be guides indicators and achievements for the managers and the subordinates. No one there is to measure that will tell you everything you need to know about the company. The profits can tell you if your costs reasonable or product is doing well. Measures are business specific like operating and financial measure, employee turnover and external masseurs. Management must look at short-term and long-term performance. Long term performance needs innovation and entrepreneurial attitude Betting on the future, innovation and uncertainty Innovation in management is searching for new value or new ways to create value. Without innovation a company will stagnate and fall behind the competition. Because the future is uncertain, managers must make bets as to which innovation Will keep the company ahead or at least strongly competitive tomorrow. Source: https://eclass.upatras.gr/modules/document/file.php/MST145/%CE%A0%CE%B1%C F%81%CE%BF%CF%85%CF%83%CE%B9%CE%AC%CF%83%CE%B5%CE%B9 %CF%82/COMMS%20AND%20CONFLICTS.pdf