MIDTERMS Flashcards
(225 cards)
An ongoing process that seeks to achieve the objectives of an organization in the most efficient ways possible. — a continuous process
in obtaining the company’s goals.
MANAGEMENT
It has been also simply defined as
“controlling and organizing an organization
and leading”. — must always be present.
MANAGEMENT
→ Set of general rules that guide the
managers to manage an organization.
→ Explanation to assist the employees to
achieve the goal, these are also guiding
principles.
Management Theories
WHAT ARE THE MAJOR THEORIES OF MANAGEMENT?
WHO ARE THE THEORIST BEHIND THIS?
→ Frederick Taylor: Theory of Scientific
Management
→ Henri Fayol: Administrative Management
Theory
→ Max Weber: Bureaucratic Theory of
Management
→ Elton Mayo: Behavioral Theory of
Management (Hawthorne Effect)
→ Aimed at improving economic efficiency,
especially in labor productivity
→ Money motivates people to work.
→ Introduced the differential piece rate
system of paying wages to workers.
→ He believed a worker should get “a fair
day’s pay for a fair day’s work”— no more,
no less. If the worker couldn’t work to the
target, then the person shouldn’t be working
at all.
Theory of Scientific Management -
Frederick Taylor
He believed that management and
labor should cooperate and work together to
meet goals. He was the first to suggest that
the primary functions of managers should be
planning and training.
Frederick Taylor
WHAT ARE 4 PRINCIPLE OF SCIENTIFIC MANAGEMENT?
- TIME AND MOTION STUDY
- TEACH, TRAIN, AND DEVELOP
- INTEREST OF EMPLOYER AND EMPLOYEES SHOULD BE FULLY HARMONIZED
4.ESTABLISH FIAR LEVELS OF PERFORMANC AND PAY A PREMIUM FOR HIGH PERFORMANCE
considered to be the Father
of Modern Management due to his
contribution to the 14 principles.
Henri Fayol
When employees are specialized, the
output can increase because they become
increasingly skilled and efficient.
→ Work specialization
→ Increasement of skills and productivity
in dividing labor.
Division of Work
→ Managers must have the authority to give
orders, but they must also keep in mind that
with authority comes responsibility.
→ The one who gives the order is the one
responsible for the task.
- Authority
must be upheld in
organizations, but methods for doing so can
vary.
→ Applies to everyone that belongs in the
organization or company (i.e., tardiness,
absences, time in & time out of work)
Discipline
→ Employees should have only one direct
supervisor
Unity of Command
→ Teams with the same objective should be
working under the direction of one manager
using one plan, one goal, and one direction.
This will ensur
Unity of Direction
→ The interests of one employee should not
be allowed to become more important than
those of the group. This includes managers.
→ Individual interests should not be more
than general interests.
Subordination of Individual Interests
to the General Interests
→ Employee satisfaction depends on fair
remuneration for everyone. This includes
financial and non-financial compensation.
→ Fairness & compensation to those who are
deserving such as bonuses, discounts,
additional benefits & pay
Remuneration
→ This principle refers to how close
employees are to the decision-making
process. It is important to aim for an
appropriate balance.
→ The management should also include the
employees in the decision-making process.
Still, the management is the ones to have the
conclusion and solution. Must have an
appropriate balance between decentralization
and centralization
Centralization
Employees should be aware of where they
stand in the organization’s hierarchy or
chain of command.
Scalar Chain
Employees must know their worth and
their effect if there will come a time that
they’ll leave the company.
Scalar Chain
→ The workplace facilities must be clean,
tidy, and safe for employees. Everything
should have its place.
Order
→ Managers should be fair to staff at all
times, both maintaining discipline as
necessary and acting with kindness where
appropriate.
→ Fairness and equality.
Equity
→ Managers should strive to minimize
employee turnover. Personnel planning should
be a priority.
→ Management should be able to provide
security of the job to its employees.
Stability of Tenure of Personnel
→ Employees should be given the necessary
level of freedom to create and carry out
plans.
→ Necessary level to improve
Initiative
→ Organizations should strive to promote
team spirit and unity.
Esprit de Corps
→ Distinction between power & authority
→ Organizational resources were used for the
benefit of owners and managers rather than
to meet organizational goals.
→ Weber was convinced that organizations
based on rational authority, where authority
was given to the most competent and
qualified people, would be more efficient than
those based on who you knew.
Bureaucratic Theory of Management -
Max Weber