Organization
a formal group of people with one or more shared goals
Management
a non-stop process of ensuring continuity and growth within org.
G (4 GEMS)
Goal setting
E (4 GEMS)
Executing Plan
M (4 GEMS)
Measuring result
S (4GEMS)
Sustaining Operations
4 GEMS of Management
refers to the process, techniques in coordinating activities of the people, the direction towards common goal
Function of Management
POLCS (Planning, Organizing, Leading, Controlling, Staffing)
Planning
-Thinking ahead
-involves decision making
-primary function of managenent
Organizing
Involves the allocation of productive resources
Leading
Process of motivating people to work hard
Controlling
Process of measuring and correcting actual performance
Staffing
concerned with evaluation, selection and development
Top Level of Management
Administrative
Consist of BOD's, CEO's or Managing directors. it devotes more time on planning and coordinating functions
Middle Level of Management
Executory
BM's DM's. they devote more time to organizational and directional functions
Lower Level of Management
Supervisory/Operative
consist of supervisors foreman ect.
Henri Payol
proposed the Principles of management and function of management
14 Principles of Management
1.Division of work
2. Authority and Responsibility
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual interest to mutual interest
7. Remuration
8. Degree of Centralization
9. Scalar Chain
10. Order
11.Equity
12. Stabili
Authority
Right of Superior
Responsibility
Obligation for perform
Decentralize
increase role
Centralize
decrease role
Material
Arragement of Things
Social
Placement of people
Henry Mintzberg
propose the Managerial roles
Interpersonal Roles
a. figurehead
b. Leader
c. Liaison
Informational Roles
a. monitor
b. Disseminator
c. spokesperson
Decisional Roles
a. Entrepreneur
b. Disturbance Handler
c. Resource Allocation
d. Negotiator
Interpersonal Skills
communication
Conceptual Skills
thinking
Technical Skills
strategize
Division of Work
the whole work is divided into small task
Authority and Resoonsibility
Issue of Commands followed by responsibility for their consequences
Discipline
Obedience, proper conduct in relation to others
Unity of Command
also known as Principle of One Boss
Unity of Direction
One head, one plan
Subordination of individual interest to mutual interest
management must be put aside personal considerations and put company's objectives first
Renumeration
Workers must be paid sufficiently
Centralization
Making authority at the top management
Scalar Chain
chain of superior�top to lower management
Order
ensures the fluid operation of a company
Equity
Employees must be treated kindly ad justice must be enacted
Stability of Tenure of Personnel
Personnel must not frequently enter and exit the organization
Intiative
Initiative of employees
Team Spirit
need of managers to ensure and develop morale in the workplace