The Management Concept
By: Teacher Jace
Objectives:
Discuss the nature of management
Explain the importance and meaning of
management
Appreciate the importance of management in the
success of organizations
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Nature of Management
Management
o is a science as well as an art. It is a body of knowledge whose ideas and principles have
become the basis of organizational frameworks employed by many businesses and
organizations.
o it is considered science because it evolved from a number of theories that involved
extensive studies and experiments.
o A good manager must be able to look at situations and
use creativity and imagination in coming up with
solutions to problems.
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Importance of Management
Management is the process of
planning, organizing, leading,
and controlling the activities of
an organization effectively and
efficiently to achieve its goal.
Efficiency and Effectiveness
• Efficiency – is the ability to • Effectiveness – is the capacity to
maximize output with minimum attain an intended objective or
input. result.
• Accomplishing tasks that help
• Getting work done with a
fulfill organizational objectives.
minimum of effort, expense, or
waste. • It is often called ‘’ doing the right
thing’’.
• It is often called ‘’doing things
right’’.
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Planning
• It involves determining organizational goals and a
means for achieving them. It is one of the best ways to
improve performance.
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Organizing
• Deciding where decisions will be made, who will do
that jobs and tasks, and who will work for whom in the
company.
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Leading
• Inspiring and motivating workers to work hard to
achieve organizational goals.
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Controlling
• Monitoring progress toward goal achievement and
taking corrective action when needed.
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5 factors influencing
management
Globalization
• Refers to the phenomenon of growing interconnectivity and
interdependent relations between nations.
• Managers also have the responsibility the responsibility to
oversee the performance of employees to ensure that they
deliver products and services that are complaint with the
minimum standards of global competencies.
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Technology
• Is one of the main driving forces of business. Advancements in this
area have immensely business trends.
• New technologies have rendered business functions and related tasks
easier to accomplish.
Outsourcing – is defined as the transfer of an organizational
function
to a third party.
When the third party is located in another country the transfer is
called ‘’offshore outsourcing’’ or ‘’offshoring’’.
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Sustainability and Corporate Social
Responsibility
• Sustainability – in business it means that companies should
plan and conduct long-term business operations to ensure
negative impact.
• Corporate social responsibility – is defined as the willingness
of companies to run their business operations in a sustainable
and responsible manner.
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Psychology
• The study of psychology is an important facet in management
since it focuses on developing management skills and
analyzing customer satisfaction.
• Psychology can help managers foster closer relations and
better communication with employees.
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Ecosystem
• Business ecosystem – consists of a group of firms that provide
related products and services.
• The emergence of business ecosystems has resulted in
improvements and innovations in industries.
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Remember
‘’Management plays an important role in laying out
the foundation of a profitable company strategy and
attaining successful operations.’’
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Quiz time
1. It is the process of planning, organizing, leading, and controlling
the activities of the organization.
2-6. What are the factors influencing management?
6-10. Which among factors influencing management have the most
impact in the Philippines? Why do you think so?
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Thank you for listening.
Assignment
What are the four kinds of managers and
give each different jobs and responsibilities?
