Principle of Management PDF

Principle of Management WEEK 1: The Introduction to Principles of Management OBJECTIVES Define management and explain the managerial significance of the terms effectiveness and efficiency Distinguish between managerial functions and skills Identify the basic managerial functions. ...

Principle of Management WEEK 1: The Introduction to Principles of Management OBJECTIVES Define management and explain the managerial significance of the terms effectiveness and efficiency Distinguish between managerial functions and skills Identify the basic managerial functions.  INTRODUCTION What is Management? Is the process of planning, organizing, leading, and controlling people in the organization to effectively use resources to meet organizational goals. Principles of Management INTRODUCTION What is Management? involves coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively. Principles of Management  INTRODUCTION What do Managers do? Principles of Management  INTRODUCTION What do Managers do? Create goals and objectives Principles of Management  INTRODUCTION What do Managers do? Plan a schedules Principles of Management  INTRODUCTION What do Managers do? Develop strategies that increase performance, productivity of the organization/employee Principles of Management  INTRODUCTION What do Managers do? Ensure the compliance of the employees with the company policies, and regulations Principles of Management  INTRODUCTION What do Managers do? Guide and motivates employees Principles of Management  INTRODUCTION What do Managers do? Check the resources, the budgets, productivity level and performance. Principles of Management  INTRODUCTION What do Managers do? Resolve customer and operation conflicts. Principles of Management  INTRODUCTION What do Managers do? Train the staff Principles of Management  Efficiency and Effective in Management EFFICIENCY EFFECTIVENESS “doing things right” “doing the right things” Refers to getting the most Is concerned with the output from the least ends, or attainment or amount of inputs organizational goals Principles of Management Efficiency and Effective in Management Principles of Management Efficiency and Effective in Management Principles of Management Management Functions Principles of Management  Management Functions Setting goals, establishing Planning strategies, and developing plans to coordinate activities Principles of Management  Management Functions Determining what needs to Organizing be done, how it will be done, and who is to do it Principles of Management  Management Functions Motivating, leading, and any Leading other actions involved in dealing with people. Principles of Management  Management Functions Monitoring activities to Controlling ensure that they are accomplished as planned. Principles of Management  Management Functions According to the functions approach, managers perform certain activities or functions as they efficiently and effectively coordinate the work of others. Principles of Management  Management Skills Technical skills Job-specific knowledge and techniques needed to proficiently perform work tasks. Principles of Management  Management Skills Human skills The ability to work well with other people both individually and in a group Principles of Management  Management Skills Conceptual skills the ability to think and to conceptualize about abstract and complex situations Principles of Management Skills Needed at Different Managerial Levels Principles of Management  Who are Managers and where do they work? Manager Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished Principles of Management  Mintzberg’s Managerial Roles and a Contemporary Model of Managing Interpersonal Roles – relationships between the people inside the organization Informational Roles – generating, receiving and sharing knowledge to achieve the company’s goal Decisional Roles – making decision that impact an organization Principles of Management The Universality of Management Principles of Management BYE BYEBYE Chapter Summary a