wk 1 Flashcards
(49 cards)
management
- Management
= on-going process. Seeks to achieve objectives of an organization in most efficient way possible
= controlling, organizing, leading
management theories
= explanation to assist employers and employees to effectively relate to the business goals and to implement effectively to achieve it
= guides managers to manage an organization
Theory of scientific management creator
frederick taylor
Theory of administrative management creator
henry fayol
Bureaucratic theory of management
max weber
Behavioural theory of management creatot
elton mayo
scientific management theory
- Efficient, productive and scientific
- Improving economic efficiency especially labour productivity.
- “Fair day’s pay for a fair day’s work”
- Pay is linked to work accomplished
- Principle object: to secure max. prosperity to both employer and employee, give when its due
- Money motivates people to work according to Taylor
differential piece rate system
- Taylor also made the differential piece rate system
(wages of employees are based on performance)
If efficiency is more than standard = 120% of normal piece rate
If efficiency is less than standard = 80%
4 PRINCIPLES OF SCIENTIFIC MGMT
- time and motion study
- Teach, train, develop workman w/ new method
3.Interest of employer and employee should be harmonized to secure mutually understanding relations between them - Establish fair level of performance
time and motion study
= Jobs are done in scientific manner/ makes and finds new ways to do it.
= jobs should be designed accd. to scientific route
= studies processes and finds the best way to perform tasks. Simplifies job to be more efficient
- Teach, train, develop workman w/ new method
- Teach, train, develop workman w/ new method
= Train employees accd. to scientific method in #1 and to improve performance
= Codify the new methods into rules
Interest of employer and employee should be harmonized to secure mutually understanding relations between them
- Interest of employer and employee should be harmonized to secure mutually understanding relations between them
= there should be mutual cooperation and relation in both employee and employer (e.g. reward employee for productivity)
- Establish fair level of performance
- Establish fair level of performance
= Pay premium for higher performance
a French engineer from a mining company. He saved it from bankruptcy to success
henry fayol
14 principles of administrative management theory
- Division of work
- Authority
- Discipline
- Unity of command
- Unity of direction
- Subordination of individual interest to general interest
- Remuneration
- Centralization
- Scalar chain
- Order
- Equity
- Stability of tenure of personnel
- Initiative
- Espirit de corps
- Division of work
= employees are specialized. (para hasang hasa)
= work is according to the employee’s capability to work. This way, output increases due to efficiency
- Authority
= managers give orders according to work only.
= authority means responsibility. The one that gives the order is the one that is responsible
- Discipline
= Different for every company. Without this, there will be chaos.
- Unity of command
= employee should have 1 direct supervisor
- # Unity of direction
1 goal so everybody works together in a team of 1 manager using 1 plan.
- Subordination of individual interest to general interest
= interest of one employee should not be more important than those of the group’s
- Renumeration
= Wage. Employee satisfaction depends on fair wage for everyone. Includes financial and non-financial compensation
Centralization
= How close employees are to the decision-making process (ceo, director, manager)
= may say yung directors and managers
decentralization
hear suggestions from subordinates and have opportunity
= balance for decision making
