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PED-124-Management-Basics

The document provides an overview of management basics, including definitions, features, levels, objectives, and the importance of management in various organizations. It distinguishes between management and administration, outlines the functions of management, and discusses principles of management as articulated by Henri Fayol. Additionally, it illustrates how management functions are performed at Coca-Cola, covering planning, organizing, leading, and controlling.
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0% found this document useful (0 votes)
16 views38 pages

PED-124-Management-Basics

The document provides an overview of management basics, including definitions, features, levels, objectives, and the importance of management in various organizations. It distinguishes between management and administration, outlines the functions of management, and discusses principles of management as articulated by Henri Fayol. Additionally, it illustrates how management functions are performed at Coca-Cola, covering planning, organizing, leading, and controlling.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PED 124

MANAGEME
NT BASICS
REPORTERS

DADOR, MARY
BALBINO, REY JERIC DESANO, CHRISTINE ALMASOL, STEPHEN
SUSHYNNE

GUEVARRA, JC ARDEMER,
ACEJO, JOSHUA DERECHO, ANGELY
ANDRE RAFANZEL

BPED 3B
LESSON OBJECTIVES

At the end of the lesson, students should


be able to:

1. Define what is management


2. Identify the features, level, objectives and
importance of management.
3. Discuss the Management and Administration
and the functions of management.
WHAT IS MANAGEMENT?

Management is a universal
phenomenon. It is a very popular and
widely used term. All organizations -
business, political, cultural or social are
involved in management because it is
the management which helps and
directs the various efforts towards a
definite purpose.
WHAT IS MANAGEMENT?
According to Harold Koontz,
“Management is an art of getting things
done through and with the people in
formally organized groups. It is an art of
creating an environment in which people
can perform and individuals and can
cooperate towards attainment of group
goals”.
FEATURES OF
Management is MANAGEMENT
an activity concerned with guiding
human and physical resources such that
organizational goals can be achieved. Nature of
management can be highlighted as:
1. Management is Goal-Oriented: The
success of any management activity is
assessed by its achievement of the
predetermined goals or objective.
FEATURES OF
MANAGEMENT
2. Management integrates Human, Physical
and Financial Resources: In an organization,
human beings work with non-human resources
like machines.
3. Management is Continuous: Management
is an ongoing process. It involves continuous
handling of problems and issues.
FEATURES OF
MANAGEMENT
4. Management is all Pervasive: Management
is required in all types of organizations whether it
is political, social, cultural or business because it
helps and directs various efforts towards a
definite purpose.
5. Management is a Group Activity:
Management is very much less concerned with
individual’s efforts. It is more concerned with
groups.
Levels of Management

The term “Levels of Management”


refers to a line of demarcation between
various managerial positions in an
organization. The number of levels in
management increases when the size of
the business and workforce increases
and vice versa.
Levels of Management
Managers at all these levels perform different
functions. The role of managers at all the three levels is
discussed below:
Objectives of
Management
The main objectives of management are:
1. Getting Maximum Results with Minimum Efforts -
The main objective of management is to secure
maximum outputs with minimum efforts & resources.
2. Increasing the Efficiency of factors of Production -
Through proper utilization of various factors of production,
their efficiency can be increased to a great extent which
can be obtained by reducing spoilage.
Objectives of Management

3. Maximum Prosperity for Employer &


Employees - Management ensures smooth
and coordinated functioning of the enterprise.

4. Human betterment & Social Justice -


Management serves as a tool for the
upliftment as well as betterment of the society.
IMPORTANCE OF
MANAGEMENT
1. It helps in Achieving Group Goals - It
arranges the factors of production, assembles
and organizes the resources, integrates the
resources in effective manner to achieve goals.
It directs group efforts towards achievement of
pre-determined goals.
IMPORTANCE OF
MANAGEMENT
2. Optimum Utilization of Resources -
Management utilizes all the physical & human
resources productively. This leads to efficacy in
management.

3. Reduces Costs - It gets maximum results


through minimum input by proper planning and
by using minimum input & getting maximum
output.
IMPORTANCE OF
MANAGEMENT
4. Establishes Sound Organization - No
overlapping of efforts (smooth and coordinated
functions).
5. Establishes Equilibrium - It enables the
organization to survive in changing environment.
It keeps in touch with the changing environment.
IMPORTANCE OF
MANAGEMENT
6. Essentials for Prosperity of Society -
Efficient management leads to better
economical production which helps in turn to
increase the welfare of people. Good
management makes a difficult task easier by
avoiding wastage of scarce resource.
MANAGEMENT AND
ADMINISTRATION
According to Theo Haimann, “Administration
means overall determination of policies, setting
of major objectives, the identification of general
purposes and laying down of broad programmes
and projects”. It refers to the activities of higher
level.
MANAGEMENT AND
ADMINISTRATION
The difference between Management and
Administration can be summarized under 2
categories: -
1. Functions
2. Usage/Applicability
MANAGEMENT AND
ADMINISTRATION
On the Basis of Functions:
Basis Management Administration

Meaning Management is an art of getting things done It is concerned with


through others by directing their efforts towards formulation of broad
achievement of pre-determined goals. objectives, plans & policies.

Nature Management is an executing function. Administration is a decision-


making function.

Process Management decides who should as it & how Administration decides what
should he do it. is to be done & when it is to
be done.
MANAGEMENT AND
ADMINISTRATION
Functio Management is a doing function Administration is a thinking
n because managers get work function because plans & policies
done under their supervision. are determined under it.

Skills Technical and Human skills Conceptual and Human skills

Level Middle & lower level function Top level function


MANAGEMENT AND
On the Basis of
Usage: ADMINISTRATION
Basis Management Administration

Applicability It is applicable to business It is applicable to non-business concerns


concerns i.e. profit-making i.e. clubs, schools, hospitals etc.
organization.

Influence The management decisions are The administration is influenced by


influenced by the values, public opinion, govt. policies, religious
opinions, beliefs & decisions of organizations, customs etc.
the managers.

Status Management constitutes the Administration represents owners of the


employees of the organization enterprise who earn return on their
who are paid remuneration (in the capital invested & profits in the form of
form of salaries & wages). dividend.
FUNCTIONS OF
MANAGEMENT
Management has been described as a
social process involving responsibility for
economical and effective planning &
regulation of operation of an enterprise
in the fulfillment of given purposes.
FUNCTIONS OF
MANAGEMENT
COORDINATION
INTRODUCTION
Coordination involves arranging
and placing all managerial functions
together to run the management
smoothly and achieve the required
goals and objectives of a business.
COOPERATION

Co-operation denotes collective


efforts of persons working in an
enterprise voluntarily for the
achievement of a particular purpose. It
is the willingness of individuals to help
each other.
COORDINATION & COOPERATION
Coordination DIFFERENCE
is a managerial activity that
correlates and integrates all the activities and
goals of an organization. It is a continuous
process. It aims at achieving the business goals
effectively and efficiently, whereas Cooperation
is the collective effort made by individuals to
achieve a common goal or Specific Task.
MANAGEMENT PRINCIPLES

A principle refers to a
fundamental truth. It establishes
cause and effect relationship
between two or more variables
under given situation.
MANAGEMENT PRINCIPLES
There are 14 Principles of Management
described by Henri Fayol.
1. Division of Labor
2. Party of Authority & Responsibility
3. Principle of One Boss
4. Unity of Direction
5. Equity
MANAGEMENT PRINCIPLES
6. Order 12. Subordination of
Individual Interest to
7. Discipline
General Interest.
8. Initiative
13. Espirit De’ Corps (can
9. Fair Remuneration
be achieved through unity
10. Stability of Tenure
of command)
11. Scalar Chain 14. Centralization &
Decentralization
MANAGEMENT PRINCIPLES -
FEATURES
1. Principles of Management are
Universal
2. Principles of Management are Flexible
3. Principles of Management have a
Cause & Effect Relationship
4. Principles of Management - Aims at
Influencing Human Behavior
5. Principles of Management are of Equal
Importance
MPORTANCE OF MANAGEMENT PRINCIPLES
Following are the main importance of the
Principles of Management.
1. Improves Understanding.
2. Direction for Training of Managers.
3. Role of Management.
4. Guide to Research in Management.
IMPORTANCE OF MANAGEMENT
PRINCIPLES
1. Improves Understanding - From the
knowledge of principles managers get
indication on how to manage an organization.

2. Direction for Training of Managers -


Principles of management provide
understanding of management process what
managers would do to accomplish what.
IMPORTANCE OF MANAGEMENT
PRINCIPLES
3. Role of Management - Management
principles makes the role of managers concrete.
4. Guide to Research in Management - The
body of management principles indicate lines
along which research should be undertaken to
make management practical and more
effective.
HOW MANAGEMENT FUNCTIONS ARE
PERFORMED AT COCA COLA
Planning
The top management of the company
engages in formulating five year longer term
plans as well as shorter term planning for the
next year or so.
HOW MANAGEMENT FUNCTIONS ARE
PERFORMED AT COCA COLA
Organizing
The key to understanding the organizing
function at Coca-Cola is to recognize that
employees with similar skills and common
work functions are grouped together.
HOW MANAGEMENT FUNCTIONS ARE
PERFORMED AT COCA COLA
Leading
The leadership at Coca-Cola believes in a
democratic and laissez faire approach to
leading
HOW MANAGEMENT FUNCTIONS ARE
PERFORMED AT COCA COLA

Controlling
The controlling function in Coca-Cola is
done through periodic reviews of managerial
and salespersons performance.
Thank you for
Listening!

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