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Nature and Concept of Management I. Definition and Functions of Management Management is the process of coordinating and overseeing the work performance of individuals working together in organizations so that they could efficiently and effectively accomplish their chosen aims or goals. It is also defined as the process of designing and maintaining an environment for efficiently accomplishing selected items. Management functions include the following: • 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, the 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 or work groups or teams to ensure that they are all working toward the previously set goals and plans of the organization. Management functions will all go to waste if coordination (the harmonious, integrated action of various parts and processes of an organization), efficiency (the character of being able to yield the maximum output from a minimum amount of input), and effectiveness (being adapted to produce an effect to be able to do things correctly) are not practiced by an organization’s appointed managers. In other words, top-level managers, middle-level managers, and team leaders or supervisors must all be conscious of the said practices of successful organizations as they perform their management functions. When applied to management functions, these practices ensure that all individuals, groups, or teams are harmoniously working together and moving toward the accomplishment of the organization’s vision, mission, goals, and objectives. II. Scientific Management Theory This management theory makes use of the step-by-step, scientific methods for finding the single best way for doing a job. Frederick W. Taylor (1856-1915) is known as the proponent of this theory and the Father of Scientific Management. While working in a steel company in Pennsylvania in the United States as a mechanical engineer, he could not help but notice the workers’ mistakes and inefficiencies in doping their routine jobs, their lack of enthusiasm, and the discrepancy between their abilities and aptitudes and their job assignments; thus resulting in low output. Because of these observations, he tried to identify clear guidelines for the improvement of their productivity. Taylor’s Scientific Management Principles are as follows: 1. Develop a science for each element of an individual’s work to replace the old rule of thumb method. 2.Scientifically select and then train, teach and develop the worker. Which management functions define strategic actions that must be done to accomplish the goals?Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
What functions are needed to accomplish the management process of coordinating and overseeing the work performance of individual working together in organization?Management. is the process of coordinating and overseeing the work performance of individuals working together in organizations.. 5 Functions of Management. planning. ... . Planning. ... . Organization. ... . Staffing. ... . Leading. ... . Controlling. ... . 4 instinct to the nature or management.. What function in management that is responsible in gathering of resources carrying out of activities and allocating resources for effective and efficient attainment of goals?Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
What are the management functions that are involved in strategic management?Key Functions of Strategic Management. Risk and Uncertainty Management.. Learning from Insurance Practices.. Financial Analysis.. Visioning.. Planning.. Building and Maintaining Organizational Cohesion.. Managing.. Leadership.. |