Professional Documents
Culture Documents
TUBAN, MM
TEACHER
PRINCIPLES OF MANAGEMENT
What is MANAGEMENT?
MANAGEMENT – is a process of
managing the organizational resources
effectively and efficiently to achieve the
goal and objectives of the organization.
What is the difference being Effective
and Efficient
Efficiency and effectiveness are not the same thing. Efficiency is defined as the ability to
accomplish something with the least amount of wasted time, money, and effort or competency in
performance. Effectiveness is defined as the degree to which something is successful in producing
a desired result; success.
Definition of Organization, Manager
and Employee
Organization – is a group of people working together( Example, Corporation, Association
or business or to the act of forming or establishing something.
Manager - is someone who "manages," or takes charge of something (or to run other people.
Employee - Fulfilling the duties and responsibilities established in his or her job
description.
There are different types of resources
that a firm has;
1.
Physical resources ( Building, Raw Materials, Facilities,
Machinery, Energy and Supplies)
2. Human resources (That includes recruiting, selecting, hiring, onboarding,
training, promoting, paying, and firing employees and independent contractors)
3. Financial resources (Availability of the financial assets/tools, financial stability,
cash flow, profitability, leverage, loans, guarantees, bonds, insurances)
4. Informational resources ( data and information used by an organization.
Examples of information resources are databases with customer purchase information.)
Management has three (3) levels
MIDDLE MANAGERS
The branch and departmental managers form this middle management level. These people
are directly accountable to top management for the functioning of their respective departments,
devoting more time to organizational and directional functions.
Front Line Managers
P-O-L-C
Planning - is the process of determining
objectives and organizational goals, establishing
strategies and integrating coordinated activities in
the organization to achieve the goals and
objectives. Planning provides a clear direction to
the organization, it requires decision making with
the purpose of anticipating the future. Top level
management is often responsible in handling or
creating a plan for their company.
Organizing is the process of establishing
a structure by assigning tasks,
assembling and allocating resources to
achieve the organizational goals and
objectives. Part of organizing is staffing,
this is the process of selecting, training
and evaluating employees.
Leading is the process of influencing
people to work in achieving the
organizational goal (Weihrich &
Koontz, 2004, p.26). Managers must
inspire and motivate its employees
through constant interaction(patuloy
na pakiki-ugnayan) in order to
stimulate (pasiglahin) their
performance.
Controlling is the process of
monitoring performance and taking
a corrective action when necessary
to ensure that the objectives of the
organization will be achieved.
The three types of skills needed by
creative managers are :
1. Conceptual skill – The ability to identify and solve problems is also an
example of conceptual skills. Conceptual management skills require the
ability to make quick decisions, where required. Some types of problem-
solving skills include decision-making, critical thinking, logical thinking,
multitasking, and troubleshooting.
2. Human or Interpersonal skills - are the skills we use every day when we
communicate and interact with other people, both individually and in groups. And also
ability to use knowledge and understanding of people as they interact with others. Such
knowledge and understanding enable the AOM to identify, comprehend and solve human
problems.
3. Technical Skill – is the ability to carry out a task associated with technical roles such as
IT, engineering, mechanics, science or finance.
THANK YOU