THE ART AND THE SCIENCE OF MANAGEMENT

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Define the problems, decide the objectives of business in the short and in the long run, estimate the available and potential resources… Determine the tasks, activities and projects, programs...and require for the attainment of objectives. Formulate the policies, procedures, methods, standard and budgets of the plan. Examine the environmental changes, reconsider continually, searching the essential information constantly for more effective methods and improve results.

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Nội dung Text: THE ART AND THE SCIENCE OF MANAGEMENT

HAIPHONG PRIVATE UNIVERSITY SUBJECT: MANAGEMENT SKILLS THE ART AND THE SCIENCE OF MANAGEMENT Lecturer: Dr. Thai Van Vinh Group: Hong Duyen
CONTENT  Introduction  Definitions  Four functions of management  The science and art in management  Conclusion
“It is argued that management is both a science and an art. An effective and efficient manager needs to employ skills of both aspects”.
I. INTRODUCTION The importance of management in our life  A vital aspect  To manage effectively and efficiently each manager need know how to manage ingeniously in specific circumstance  Management is a social science, and deals with the behavior of people in organization
II. DEFINITIONS MANAGEMENT  Dr. Thai Van Vinh supposes: “Management is the process of achieving organizational goals through engaging in the four functions of planning, organizing, leading and controlling
DEFINITIONS SCIENCE  “The intellectual and practical activity encompassing the systematic study of the structure and behavior of physical and natural world through observation and experiment…” (Oxford Dictionary)
DEFINITIONS ART  “A discovery and development of elementary principles of nature into beautiful forms suitable for human use” (Frank Lloyd Wright,1957)
DEFINITIONS Effectiveness is the ability to choose appropriate goals and achieve them  goals must be appropriate and  those goals must be achieved Efficiency is ability to make the most appropriate use of available resources in the process of achieving your goals  Effectiveness is concerned with goal attainment, while efficiency is concerned
III. FUNCTIONS OF A MANAGER PLANNIN G CONTROLLI ORGANIZIN NG G LEADING
A. PLANNING  “Planning is an intellectually demanding process; it requires the conscious determination of courses of action and the basing of decisions on purpose, knowledge and considered estimates”. (According to Koontz, O’Donnell and Weihrich, 2005)
FUNTIONS OF A MANAGER - PLANNING Answers for the questions:  What will be done?  What resource will be required?  How it will be done?  Who will do it?  When it will be done?
FUNTIONS OF A MANAGER - PLANNING It will involve:  determine the long and short-range objectives  develop the strategies and courses of action to be followed for the achievement of objectives  formulate the policies, procedures and rules…for the implementation of strategies and plan
FUNTIONS OF A MANAGER - PLANNING Purposes of planning:  Define the problems, decide the objectives of business in the short and in the long run, estimate the available and potential resources…  Determine the tasks, activities and projects, programs...and require for the attainment of objectives  Formulate the policies, procedures, methods, standard and budgets of the plan
FUNTIONS OF A MANAGER - PLANNING  It’s necessary to have both science and art in planning to estimate and anticipate the challenges in the future as well as take advantage of opportunities.
FUNTIONS OF A MANAGER - PLANNING Example:  PepsiCo of Vietnam plans to build one new factory in Ho Chi Minh City.
FUNTIONS OF A MANAGER - PLANNING  Manager of PepsiCo need to: - Choose the place - Decide the construction scale, style and requirements for the new factory - Estimate the invested capital, manual labors, completion date… - Find a constructive company to collaborate.
B. ORGANIZING  Organizing as a process of combining and integrating human and other resources in productive interrelationships for plans can be success. (According to Management Study- HPU-2013)
FUNTIONS OF A MANAGER - ORGANIZING  The managers need to use the knowledge about organizational structure, number of subordinates,… that help them to manage in the best way.
FUNTIONS OF A MANAGER - ORGANIZING For example  In Textile Company March 29,2012 the middle manager shall direct the work of the production team, product quality testing. The functional manager often monitor a particular department, such as marketing, accounting, or human resources.
C. LEADING  Leading is a continuous process of setting objectives and trying to achieve them through the efforts of other people ( According to Wordpress.com, 2012)