 Hello everybody, I am Dr. Keshav Valase from Walton Institute of Technology, Sholapur. In this session, we will talk about further things of basics or introduction to Manai Mejwani as a part 2 that is in continuation with what we have done in earlier video. At the end of this session, students are expected to understand the basic management skills, then comparison of management and organization as well as gross overview of the functions of management. Now, these are the things which we have discussed in previous video just to have a quick recap. Traditional management has a certain limitations wherein the focus of the management was to achieve maximum profits as to satisfy stakeholders, the investors and by doing so, they were looking to workers as machines and we have discussed the definition of Koons last time also wherein he focuses on management as an art of getting things done wherein he has lots of comprehensive things put up together like people must work individually, they must work in groups, in formal groups and at global level also and ultimately management should look into achieving these goals by optimizing the consumption of resources ultimately to have effective and efficient working and the results. So, this is quite well known definition given by Koons. Coming to next point, what are the basic skills required for the management by the management? Now, there is a misconception in my view like to be a manager you need not know technical aspects in my view that is not right. Say for example, if you are in charge if you are looking to a manufacturing department wherein CNC machines are used automation levels are of high level, there if you do not know the technical aspects what is CNC technology, if you do not know CNC programming and allowed things then probably in my view you would not be able to handle the people rightly. So, technically managers must be experts sound enough to tackle any issue that they may have to face and with that this happens to be the major aspect that managers must be very well knowing about technical aspects. Second skill is the human relations skill yes, management is all about handling human beings all the time, every individual is an institution by himself or herself and you need to tackle variety of people variety of personality and that is why human handling skills human relation related skills again stands as a very very important aspect in management. Then conceptual skills yes, you should be having your analytical skills diagnostic approach you must be able to have a right foresight think about the future what product modifications the market might be needing after some time after a few years these all things come under the conceptual skills that management has to have and next one is the decision making skills. Management itself is basically a decision making process every now and then strategic decisions policy making even issues related to small things they have to take decisions all the time and hence decision making capabilities and the skills towards that is very very important. So, these four are the major skills required in management at this point I expect to people to think about some examples of each of these different skills from any type of industry that you may think of. Now, let us have comparison of management and organization the meaning if we compare based on this management basically is an executive function and it is primarily concerned with getting things done by the people by the employees and organization if we look into it is putting together you know like you have an organization structure then correlate all the different elements of your skeleton of the organization this organization structure so that the expected work is being done the orders towards working are being followed properly. If you compare based on the functions then management has different functions like planning, organizing, staffing, motivation, direction, coordination, control, forecasting and what not like I mean many more functions you can list in this. Organization happens to be one of the major functions of management so that is how organization I repeat is one of the major functions under management comparing them on the basis of a nature then you can have a simile with the human body a human body if we take as a management then organization you can compare with the nervous system of that human body. Talking about different levels yes management can be thought of at three different levels top management middle management and lower level management there is nothing like this kind of levels of organization this is a organization structure you have that is followed by the management then scope wise if you see management uses organization whereas organization stands as a machinery towards execution of plants by the management this is a gross comparison of these two things and now coming to the functions of management or functions of managers here I have listed few functions but you can have one can have many more functions it could be different set of functions and the very first one to talk is a planning is a major function every organization maybe manufacturing or service organization they have to have certain plants say for example if we take auto industry then as an example I can tell you is master production schedule this is a type of a plan at gross level at a company level this MPS in short called as master production schedule in short MPS it is nothing but different models of the products if we take auto then different models of the automobile versus you can have time period in months maybe January to December say for example every type of a model against all the months in what quantity would you like to manufacture this is one very simple example of a plan and unless you have this plan company cannot run so planning is the foremost function of a management secondly organizing yes organization structure you need who will obey the orders of whom who will report to which person all this a very typical structure like you have got co then maybe MD vice president whatever you have the designations then managers general managers DGM whatever you call assistant general manager builder supervisors and workers and this and that I mean whatever you have so that organization structure has to be clearly defense for that then only the plant things can be got done through this particular structure and that is the organizing function again the major one next function is forecasting yes it is something wherein you refer the past data and take decisions on what do you need in upcoming time period so it is judgmental aspect but yes it gives you some base to go ahead with the planning decision making we have discussed in earlier sessions also management is basically a decision making a strategic and policy related things they take the decisions that is again major function we have staffing yes how many people you need maybe fresh graduates at entry level or what type of managers you need CEO MD whatever so doing something related to this thing their training and their appraisals and all those things that comes in staffing leading naturally the leadership decides the existence of the organization you take any organization and see their leaders that will speak out their standing motivation is again one major function every person has got multiplicity of aspects different traits different dimensions different roles to be played and in that sometimes management people are supposed to motivate their employees towards being positive and contributing towards the intended work next communication here nowadays it is a digital world so communication has been very fast others earlier in the industry job card or material acquisition nodes so many documents were there as a matter of regular communication and controlling yes without controlling nothing goes right so whatever is being planned is it going as per the plan if not what is the violation why what is the reason of violation and remedial action on that so that is going to controlling as one of the major functions of the management now here I am recommending these five books for reference otherwise you can have many more things available on the internet also thank you everybody.