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Chapter 2 : Nature and Concept of Management

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Bertz Jose

on 26 November 2013

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Transcript of Chapter 2 : Nature and Concept of Management

Learning Objectives
- Significance of Studying Management
-Definition of Management
-Universally Accepted Functions of Management
-Management as a Science and as an Art
-Evolution of Management Theories
-Principles of Management by Henri Fayol
-Scientific Management by Frederick Taylor
-Gilbreths and Motion Study
-Major Components and Related Major events of Management Movements
-Advanced Management Program in the Philippines
-The MBA Story

More often than not, managers delineate their objectives as given by exact statements of the problems to be solved or barriers to be discarded in outlining the work to be done.
Management is defined in so many ways depending upon the viewpoints, beliefs, and interpretations of the manager .
Image by Tom Mooring
Chapter 2 : Nature and Concept of Management
Others define management as :
- The force that runs an enterprise and is responsible for its success and failure.
-The performance of conceiving and achieving desired results by means of group effort consisting of utilizing human talents and resources.
-Getting things done through people etc.
Real definition of Management :
Is a distinct process of :

P-rocess of planning
Di-recting and

Performed to determine and accomplish stated objectives by the use of human being and other business resources.

Significance of Studying Management
Our study of management begins with presenting the basic principles and concepts which give a common reference outline within which management is normally applied.
Definition of Management
Substance is placed on the meaning of management, its historical development in the country , the influence of the manager's philosophy and values , and the effect of both internal and external factors.
These resources are what call the six M's of management which are used and and related harmoniously so that the expected end-result may be attained , all within the anticipated problems of time , effort and expense.
In order to achieve an objective,the available basic resources including
Men and Women , Materials , Machines, Methods , Money and Markets
should be put together ..
Universally Accepted Functions of Management :
Refers to the formulation of objectives,programs,policies,procedures,rules and regulations , in order to achieve goals of the business.

Involves filling and keeping filled the positions provided in the organization structure.

Is the grouping together of people , establishing relationship among them , and defining the authority and responsibility that the personnel have in the use of the company's material resources to attain predetermined goals and objectives.

Directing has to do with the predominantly interpersonal aspect of managing.

Is the process of measuring and correcting the activities of subordinates and the company itself to assure conformity plans.
Management as a Science and as an Art
Management as Art :

It Results in the accomplishment of objectives through the use of human efforts.
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