Organizations exist to allow the accomplishment of work that could not be achieved by people alone. As long as the goals of an organization are appropriate, society will enable them to exist, and they can contribute to society.

To make the social structure more organized and directed towards achieving desires mission and vision.

Organizations are influenced strongly by the people that form part of them. They can take part in the personality of the people within them, and their attitudes, perceptions, and behaviors affect how an organization will operate.

Organizations Require Management

Organizations use Management to accomplish the work that is required to achieve the goals.

The external environment is everything outside an organization that might affect it.

The internal environment consists of conditions and forces within the Organization.

The general environment is the nonspecific dimension or forces in its surrounding that might affect its activities. The task environment consists of specific organizations or groups that are likely to influence an organization.

The economic factors include inflation, interest rates, unemployment, and demand.

Regulatory agencies were created by the Government to protect the public from certain business practices or to protect organizations from one another. An example is the Securities and Exchange Commission (SEC)

Interest groups are groups organized by their members to attempt to influence organizations. An example is the Philippine Chamber of Commerce (PCC).

Labor includes all workers who provide the service or produce the products. Labor is especially a concern when it is unionized.

The culture of an organization is the set of values that helps its members. understand what the organization stands for, how it does things, and what it considers essential.

Stakeholders are people or groups of people who have an interest in what is going on in the Organization.

It is the process of planning, organizing, staffing, directing and controlling organizational resources in order effectively and efficiently attain organizational objectives.

It is a major and very important input in business because company makes use of it as the main fuel to run the business.

It is concerned with the procurement and administration of funds with the view of achieving the objectives of the business.

It is the sum total of the knowledge we have to accomplish the desired objectives.

These are intangible products produced by the organization.

It is described as the characteristics of the society in which the organization exist.

These are all of the tangible finished goods produced by the organization.

The ability to minimize the use of resources in achieving organizational objectives; “DOING THINGS RIGHT”.

It is the process of filling the positions provided in the organizational structure in order to accomplish the tasks effectively.

the ability to determine appropriate objectives; “DOING THE RIGHT THING”.

It refers to transferring or exchange of goods and services. with the movement of goods from the point of production to the point of consumption.

It is an age-old method that was adopted by people to exchange their services and goods.

Arab traders were our visitors in the 9th century, while the Chinese took over most of the Philippine trade in the ________ century and even established trading communities in the Philippines.

We also had the famous trade between Manila and Acapulco in Mexico in the 18th century. This trade, however, did little for the development of the Philippines because the one who obtained the profit were the Chinese. What is it called?

It explains the relationship between two or more facts or events.

It was during the 1900-1930’s period that the first general theories of Management began to evolve. What theory of management is it?

This started with the growth of factories owned by private individuals where the government did not interfere in business activities.

They are concerned with the development of management principles to increase the productivity of complex organizations like factories. Such principles serve as guidelines for managers.

He believed that production and profit would increase if the conditions of the workers were improved.

He introduced a motivational scheme where a bonus is given to supervisors whose workers achieve their daily standard. He believed that this would motivate supervisors to train their workers to work better.

Organizations are seen as systems composed of a set of interdependent parts that coordinate their efforts to achieve common goals.

He believed that managers are made, which means Management can be learned.

He developed a theory of bureaucratic Management that provided a strictly defined hierarchy with specific regulations and lines of authority.

They argue that each organizational circumstance is unique, and as a result, management approaches should be selected and applied based on the specific situation at hand.

Combination of tangible and intangible products.