Introduction to Management

                                                    PRINCIPLES OF MANAGEMENT

                                                   Chapter 1- Introduction to Management

Management – the process of working with and through people to accomplish organizational goals.

- the process by which a manager of an organization efficiently utilizes resources to achieve its goals at a minimum cost and maximum profit.

Collectively, management refers to the group of people who are responsible and accountable for directing the work force and seeing to it that the organization meets its goals and objectives.



Management Functions (Overview)

1. Planning – the process of setting objectives to be accomplished by an organization during a future time period and deciding on methods of reaching them.
2. Organizing – the process of grouping and assigning activities and providing the necessary authority to carry out the activities.
3. Staffing – the process of filing out positions in the organizational structure with the most qualified people available.
4. Motivating – the process of getting people to contribute their maximum effort toward the attainment of organizational objectives.
5. Controlling – the process of ensuring the achievement of an organization’s objective.

Two essential processes involved in the five managerial functions:

A. Decision-Making: This is the process of choosing from two or more alternatives.

B. Communicating: The process of exchanging facts, ideas, opinions, and emotions between two or more persons.

Management: A Science and Art

          Management is a science. Knowledge about it has been organized and systematized through the application of scientific methods.

          Management is an art because the skill and the experiential character of the manager will always be major factors in their performance and the performance of their organizations.

Management : Behavioral Aspects

          Managing men is very different from managing machines and money. Because managers work with and through people to accomplish goals, an understanding of behavioral sciences and human behavior is necessary.