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define management
The ability to plan, organize, monitor, and direct individuals; Systematic way of doing things
these skills offer the ability to approach complicated workplace situations in a variety of different ways
conceptual skills
differentiate supply and equipment
1000+ → equipment
999- → supply
give a reason why management is important to an individual?
Useful tool to plan your life
Ensures that your day-to-day functions run smoothly
what are the characteristics of management, define
DOAM
distinct process: systematic process
organized activity: utlilizes ALL resources
accomplishment of pre-determined goals: achoieve set specific goals
Management is both science and art
define amangement in the context of science and art
For science: study of structure and behavior of the physical world.
For art: branch of creative activity/ies
give at least 5 principles of management uinder fayol
DADUUSRCSOESIE
Dogs Always Drink Upside-down, Unless Squirrels Run Circles. Sheep Open Every Soda, Instantly Exploding
Division of Work/Labor
Authority
Discipline
Unity of Command
Unity of Direction
Subordination of Individual Interest
Renumeration
Centralization
Scalar Chain
Order
Equity
Stability
Initiative
Espirit-de-corps
what principle is this?
employees should receive orders from only one superior
Unity of Command
what principle is this?
the teams work towards the same objectives under one plan and one head
unity of direction
what principle is this?
Workplace should always have a clean and tidy environment.
order
define equity
Fairness should be the standard at all t imes.
define stability
An organization should endeavor to have a low turnover rate.
what is espirit-de-corps?
An effective management brings out or maintains a spirit of cooperation throughout the organization.
He created a theory of management with an objective approach that leads to economic efficiency and workflow productivity in an organization.
Frederick Winslow Taylor
this theory asserts that businesses consist of multiple companies that must work together in harmony.
System Management Theory
who created System Management Theory?
Ludwig von Bertalanffy
define contingency theory
Contingency theory, also known as Fiedler’s theory of leadership, emphasizes that there is no single best approach to management; instead, effective leadership is contingent on internal and external factors.
______ created the contingency management theory
Fred Edward Fiedler
what types of management styles do theory x and y each implement?
Theory X: authoritarian style of management.
Theory Y: decentralized, participative management style
He created theory x and y
Douglas McGregor
enumerate the leader’s function acc. to Principle of Administrative Management Theory
To forecast
Plan
Coordinate
Command
Control
Develop principles which outline how managers should interact with employees
According to Max Weber’s Bureaucratic Management Theory, leaders shoudl focus on what?
Structuring organization/implementing a hierarchy.
Separate company and personal assets Selecting and promoting employees.
who created Human Relations Theory
Elton Mayo
define human relations theory
a management approach that recognizes employees as human beings with needs and wants beyond their job.
how managers work to fulfill their goals
Management Style
what does POSDECRB stand for?
P – Planning
O – Operating
S – Stocking
D – Decision making
E – Evaluating
C – Coordinating
R – Reporting
B – Budgeting
three categories under management style/s
autocratic
democratic
laissez-faire
management styles under autocratic include?
APP
Authoritative
Persuasive
Paternalistic
management styles under democratic include?
CCPTC
Consultative
Collaborative
Participative
Transformational
Coaching
management styles under laissez-faire include?
Visionary
Delegative