LESSON 1 NATURE AND CONCEPTS OF MANAGEMENT: Definition and Functions of Management CHAPTER I Nature and Concepts of Management LEARNING OBJECTIVES: • Explain the meaning, functions, types, and theories of management. THINK ALOUD! When you hear the word MANAGEMENT what comes to your mind? Leadership Taking charge Control Planning Giving orders Giving direction Governing Coordinating MANAGEMENT •is the process of coordinating and overseeing the work performance of individuals working together in organizations, so that they could efficiently accomplish their chosen aims or goals. •Management covers the whole organization and is present in every area of the organization. •For management to be successfulcoordination, efficiency, and effectiveness are required to carry it out. MANAGER • is a significant person whose role is different from other employees in the organization. • The managerial functions are performed by the manager. • All organizations—no matter the kind, size, or location—need good managers in order to successfully achieve their organizational goals and objectives. FUNCTIONS OF MANAGEMENT •Planning Involves determining the organization’s goals or performance objectives, defining strategic actions that must be done to accomplish them, and developing coordination and integration activities. •Organizing Demands assigning tasks, setting aside funds, and bringing harmonious relations among the individuals and work groups or teams in the organization. •Staffing Indicates filling in the different job positions in the organization’s structure; the factors that influence this function include: the size of the organization, types of jobs, number of individuals to be recruited, and some internal or external pressures •Leading Entails influencing or motivating subordinates to do their best so that they would be able to help the organization’s endeavor to attain their set goals. •Controlling Involves evaluating and, if necessary, correcting the performance of the individuals’ work groups or teams to ensure that they are all working toward the previously set goals and plans of the organization. Coordination, Efficiency, and Effectiveness: •Management functions when applied to organization and management are defined as functions needed in order to accomplish the management process of coordinating and overseeing the work performance of individuals working together in organizations. •The management functions will be wasted if coordination, efficiency, and effectiveness are not practiced by an organization’s appointed managers. COORDINATION •is the harmonious, integrated action of the various parts and processes of an organization. •It ensures that all individuals, groups, or teams are harmoniously working together and moving toward the accomplishment of the organization’s vision, mission, goals, and objectives. EFFICIENCY •is being able to yield the maximum output from a minimum amount of input. •It refers to the optimal use of scarce resources—human, financial, physical, and mechanical— in order to bring maximum productivity. Effectiveness •is being adopted to produce an effect, or being able to do things correctly. •It means “doing things correctly” when engaged in activities that will help the organization attain its aims. Identification: 1. It is the process of coordinating and overseeing the work performance of individuals working together in organizations so that they effectively accomplish their chosen aims/goals. 2. Management functions include _________, _________, ________, _________, and _________________. 3. It is the filling-up of the different job positions in the organizational structure. 4. It is the assigning of tasks, setting apart of funds, and bringing harmonious relations among individuals and work groups/teams in the organization 5. It is the influencing/motivating of others to do their best so that their work efforts result in the achievement of organizational goals. 6. It is defined as harmonious, integrated action of the various parts and processes of an organization.