(1) Lesson 1: Intro Flashcards
The attainment of organizational goals in an effective and efficient manner through planning, organizing, staffing directing, and controlling organizational resources
Management
Four managerial functions
Organization goals
Effective
Efficient
Organizational resources
Most important asset of the organization
Human Resources
T/F: without human resources, we cannot attain organizational goals
T
A French mining engineer who developed general theory of business administration
Henry Fayol (20th Century)
Defined management as process of forecasting, planning, organizing, commanding, coordinating, and controlling
Henry Fayol
Anticipating events that is relevant to the operations of a particular organization/institution
Forecasting
Setting up the goals or the activities for that particular organization
Planning
A British management consultant and author of management theory
EFL Brech (Edward Francis Leopold Brech)
Described management as the social process of planning, coordination, control, and motivation
EFL Brech (Edward Francis Leopold Brech)
An American writer on business management practices
Tom Peters
Tom Peters is best known for “___”, a popular business book published in 1982
In Search of Excellence
Defined management as organizational direction based on common sense, pride in the organization, and enthusiasm for its works
Tom Peters
Enumerate the nature of management
- Management is universal
- Management, social process
- Goal oriented
- Science & Art
- Group effort
- Intangible
- Required at all level
- Separate from ownership
- Purposeful activity
Identify the nature of management:
Applicable anywhere whether the organization is social, religious, business, industrial, or health
Management is universal
Identify the nature of management:
Management is highly needed because it is the controller of operations applying the managerial functions of every institution
Management is universal
Identify the nature of management:
It involves dealing with people with the effort of human beings are controlled and directed by the management
Management, social process
Identify the nature of management:
It has a social obligation to make efficient use of scarce material for the benefit of the society
Management, social process
Identify the nature of management:
Human interactions and people interactions are inevitable for the operation of the particular institution or organization
Management, social process
Identify the nature of management:
Effective management is always management by objectives
Goal Oriented
Identify the nature of management:
Apply precise elements; tested elements; scientific; determine exact aspects to be learned and assimilated; there is a step-by-step process to be done
Science & Art (SCIENCE)
Identify the nature of management:
Based on some skills where in the person can use his/her creativity, imagination, initiative, and invention with the overall skill of the occupation
Science & Art (SCIENCE)
Identify the nature of management:
Related to social process; deals with group of activities which are achieved through the efforts of the group
Group effort
Identify the nature of management:
Collaboration with other people
Group effort
Identify the nature of management:
It is very important but we cannot see material things that would explicitly determine that it is management; processes are unseen, but it is important
Intangible
Identify the nature of management:
There is no explicit material during the process that you can see to prove that the management is working, but you can feel that the management is working because you can see the result
Intangible
T/F: the management can still be felt even if the results are not obtained
F (can only be felt if we see the results obtained)
___ seen in terms of the result that is only observed at the end of the total process/ because the goal is attained
Implicitly
Identify the nature of management:
Even those in the level of production and supervising, management is still necessary
Required at all level
Identify the nature of management:
Follows certain qualifications in order to function
Separate from ownership
Identify the nature of management:
It is connected to the different managerial functions
Purposeful activity
Main aim of activities in management
Gain or achieve economic or social objective
Identify the managerial function:
___ activities to achieve the organization’s objectives
Planning
Identify the managerial function:
___ resources and activities to achieve the organization’s objectives
Organizing
Identify the managerial function:
___ the organization with qualified people
Staffing
Identify the managerial function:
___ employee’s activities toward achievement of objectives
Directing
Identify the managerial function:
___ the organization’s activities to keep it on course
Controlling
Identify the managerial function:
Process of determining the organization’s objectives and deciding how to accomplish them
Planning
Identify the managerial function:
Deciding in advance what to do, when to do it, and how it is going to be done
Planning
Identify the managerial function:
Mission, vision, and objectives
Planning
Identify the managerial function:
Identifying what you want, when you should achieve it, and how it should be achieved
Planning
Identify the managerial function:
Essential for every level of management
Planning
Identify the managerial function:
Set the goals of the organization to layout everything
Planning
Identify the managerial function:
Structuring of resources & activities to accomplish objectives efficiently & effectively
Organizing
Identify the managerial function:
Divide activities into specific area and there is no overlapping of work
Organizing
Identify the managerial function:
Backbone of management
Organizing
Identify the managerial function:
Delegation of authority and creation of responsibilities and tasks
Organizing
Identify the managerial function:
Ensures whatever necessary items or department needs are met
Organizing
Importance of organizing
.Creates synergy
.Establishes lines of authority
.Improves communication
.Improves competitiveness
Identify the managerial function:
Hiring qualified people to carry out the work of the organization
Staffing
Staffing includes ___, ___, ___
Training and development
Remuneration/Salary
Performance appraisal
Importance of staffing
.Recruiting
.Determine skills
.Motivate and train
Opening and enlisting potential candidates to a job offer
Recruiting
Optimal number of employees to carry out the smooth procedures and requirements of the function
Effective manpower
Setting qualifications dependent on the job offered in recruitment
Determine skills
Management function onboards and trains the staff before they can release results
Motivate and train