PRINCIPLES OF MANAGEMENT

GROUP 3

PLANNING
As a business principle

Planning involves deciding where to take a company and selecting steps to get there. Where we are now and where do we want to go from here. Involves having a competitive strategy Set certain objectives Making adjustments

PLANNING
Legal principles

1.) Register a business name at the DTI. 2.) Register with the barangay to obtain barangay clearance. 3.) Register your business at the Mayors office to obtain a business permit. 4.) Register your business in the BIR.

ORGANIZING
As a business principle
Involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. Establishing staff in productive working environment. (Hiring, Employment) Involves how best to design individual jobs to most effectively use human resources. Assigning responsibilities to staff, and delegating authority.

ORGANIZING
Legal principles
Any business should be organized as to handling and acting with;
1.) Labor Relations 2.) Taxation 3.) Administrative Policies and Concerns 4.) Books and Files registered with SEC and government offices related to the business purpose.

Organization Chart

LEADING
As a business principle
1. Leadership 2. Decision Making 3. Communications 4. Motivation

LEADING
Legal principles
Managers as leaders.. Labor Laws and Relation
incentives, compensation, employer-employee relationship

Hierarchy of Laws (system of command, supervision)

INCENTIVES

CONTROLLING
As a business principle (1) establishing performance standards (2) comparing actual performance against standards (3) taking corrective action when necessary

CONTROLLING
As a business principle
Performance Appraisal
-Is the process that measures the degree to which employees accomplish work requirements.

Why?
-To provide feedback about strengths & weaknesses of employees -To identify performance problems and action to correct problems -To evaluate and profile the quality of employees. -To create a paper trail in documenting the reason for certain decisions.

CONTROLLING
Legal principles - Management prerogative - Labor Laws - Due Process (notice and right to be heard)