(1) Lesson 1: Intro Flashcards
(142 cards)
The attainment of organizational goals in an effective and efficient manner through planning, organizing, staffing directing, and controlling organizational resources
Management
Four managerial functions
Organization goals
Effective
Efficient
Organizational resources
Most important asset of the organization
Human Resources
T/F: without human resources, we cannot attain organizational goals
T
A French mining engineer who developed general theory of business administration
Henry Fayol (20th Century)
Defined management as process of forecasting, planning, organizing, commanding, coordinating, and controlling
Henry Fayol
Anticipating events that is relevant to the operations of a particular organization/institution
Forecasting
Setting up the goals or the activities for that particular organization
Planning
A British management consultant and author of management theory
EFL Brech (Edward Francis Leopold Brech)
Described management as the social process of planning, coordination, control, and motivation
EFL Brech (Edward Francis Leopold Brech)
An American writer on business management practices
Tom Peters
Tom Peters is best known for “___”, a popular business book published in 1982
In Search of Excellence
Defined management as organizational direction based on common sense, pride in the organization, and enthusiasm for its works
Tom Peters
Enumerate the nature of management
- Management is universal
- Management, social process
- Goal oriented
- Science & Art
- Group effort
- Intangible
- Required at all level
- Separate from ownership
- Purposeful activity
Identify the nature of management:
Applicable anywhere whether the organization is social, religious, business, industrial, or health
Management is universal
Identify the nature of management:
Management is highly needed because it is the controller of operations applying the managerial functions of every institution
Management is universal
Identify the nature of management:
It involves dealing with people with the effort of human beings are controlled and directed by the management
Management, social process
Identify the nature of management:
It has a social obligation to make efficient use of scarce material for the benefit of the society
Management, social process
Identify the nature of management:
Human interactions and people interactions are inevitable for the operation of the particular institution or organization
Management, social process
Identify the nature of management:
Effective management is always management by objectives
Goal Oriented
Identify the nature of management:
Apply precise elements; tested elements; scientific; determine exact aspects to be learned and assimilated; there is a step-by-step process to be done
Science & Art (SCIENCE)
Identify the nature of management:
Based on some skills where in the person can use his/her creativity, imagination, initiative, and invention with the overall skill of the occupation
Science & Art (SCIENCE)
Identify the nature of management:
Related to social process; deals with group of activities which are achieved through the efforts of the group
Group effort
Identify the nature of management:
Collaboration with other people
Group effort