Chapter 1: Management Flashcards
Handling of people tactfully and the consolidation of their efforts and activities in the organization.
Management
Who is the person that said management can be defined in three ways?
Theo Heimann
Three ways of management.
Management as: noun, process, discipline.
Group of people who work together in an organized way for a shared purpose/common good.
Organization
Enumerate the functions of management.
Planning, Organizing, Staffing, Directing, Controlling
It involves mapping out of exactly how to realize a specific goal.
Planning
Determines what tasks have to be done, who needs to do the task and how the tasks are to be performed.
Organizing
Involves thorough recruient, selection, and hiring of potential personnel in the organization.
Staffing
Involves the supervision and motivation of manager towards his/her employees to be more productive and efficient.
Directing
Deals with monitoring the company’s progress and ensuring that all other functions are operating efficiently.
Controlling
Enumerate the theories of management.
Claasical, Neo-Classical, and Modern Management Theory
Oldest theory which gives emphasis on the economic rationality of people that through their efforts yield greatest monetary benefits or income.
Classical Theory
This theory evolved in response shift from handicraft to industrial production. Members are motivated by economic incentives.
Classical Theory
The Theory of Social Economic Organization
Max Weber (1905)
This theory follows the principles of bureaucracy such as; management by rules, employment are based technical qualification and other principles.
The Theory of Social and Economic Organization (Max Weber, 1905)
This theory follows the principles of bureaucracy such as; management by rules, employment are based technical qualification and other principles.
The Theory of Social and Economic Organization (Max Weber, 1905)
Principles of Scientific Management
Frederick Taylor (1911)
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Principles of Scientific Management (Frederick Taylor, 1911)
Time and Motion Studies
Frederick Taylor (1912 - 1924)
This theory’s expected results are employee satisfaction, productivity, and efficiency.
Time and Motion Studies (Frederick Taylor, 1912 - 1924)
Project Scheduling or the Gantt Chart
Henry Gantt (1910 - 1915)
This theory is a project scheduling model for increasing the efficiency of project execution and completion
Project Scheduling or the Gantt Chart (Henry Gantt, 1910 - 1915)
The Administrative School of Management
Henry Fayol (1916)
This theory emphasize that managers need specific roles in order to manage work and workers. He enumerated 6 functions of management; the forecasting, planning, organizing, commanding, coordinating, and controlling.
The Administrative School of Management (Henry Fayol, 1916)