Definition, Nature and Functions of Management

UNit 1: Nature and concept of management

Organization and Management | Term 1 | AY 2022-2023

unit objectives:

• Discuss the meaning and functions of management. 

• Explain the various types of management theories.

• Explain the functions, roles, and skills of a manager.

Organization and Management

warm-up:

Go to your Canvas account and open the Initial-Revised-Final (IRF) Worksheet (Initial) and answer the following instructions. Read the instructions carefully and answer the questions accordingly.

Organization and Management

Open Ended

Using an emoji, kindly describe how do you feel right now?

Weihrich and Koontz, 1993

Management is a process in designing and maintaining an environment in which individuals working together in groups, efficiently accomplish selected aims.

Planning

Organizing

Staffing​

​Management

Leading

Controlling

Organization and Management​

Exchange of Thoughts​!

Multiple Choice

Is management only exclusive to business?

• True

• False

Open Ended

What do you think is the aim of most, if not, all managers?

Poll

Reflect for a minute about your capacities and your skills. If you will become a manager of a business, what kind of manager you want to be?

• Efficient

• Effective

• Both Efficient and Effective

Globalization

Technology

Sustainability​

Corporate Social Responsibility

Factors Influencing Management

Goal-Oriented

Universal​

Integrative Force

​Social Process

​Nature and Characteristics of Management

Psychology

Business Ecosystems

Achievement of Goals

Optimum Utilization of Resources

Minimization of Cost

The Importance of Management

Multidisciplinary​

Continuous Process

Intangible

An art and science

​Nature and Characteristics of Management

Survival and Growth

Generation of Employment

Development of the Nation

Let's check!

Definition, Nature, and Functions of Management

Multiple Choice

Management lays out the foundation of successful operations that lead to efficiency and profitability

• True

• False

Multiple Choice

Efficiency means "doing the right thing."

• True

• False

Multiple Choice

The following are the factors influencing management, except...

• Economics

• Psychology

• Technology

• Business Ecosystems

Multiple Choice

This focuses on the avoidance of extravagance and wastage.

• Achievement of Goals

• Survival and Growth

• Development of the Nation

• Minimization of Cost

Multiple Choice

This is focused on interpersonal interactions as management consists of people working together.

• Universal

• Integrative

• Social Process

• Continuous