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Lesson 1 Genuino

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13 views13 pages

Lesson 1 Genuino

Uploaded by

sophiakassandra05
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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LESSON 1

2023
BUSINESS
MANAGEMENT
RHADZ MAJAL K.
GENUINO
INTRODUCTION
1.

MANAGEMENT! THIS REPORT AIMS TO INTRODUCE YOU TO


THE FUNDAMENTAL CONCEPTS AND PRINCIPLES OF
MANAGEMENT, WHICH FORM THE CORNERSTONE OF
EFFECTIVE LEADERSHIP IN ORGANIZATIONS. WHETHER YOU
ARE A BUSINESS STUDENT, AN ASPIRING ENTREPRENEUR, OR
SIMPLY CURIOUS ABOUT THE ART AND SCIENCE OF
MANAGEMENT, THIS OVERVIEW WILL PROVIDE YOU WITH A
SOLID FOUNDATION TO BEGIN YOUR JOURNEY.
WHAT IS
MANAGEMENT?
## 2.

**Management** can be defined as the process of planning, organizing, directing, and


controlling resources (people, finances, materials, and information) to achieve
organizational goals efficiently and effectively. It involves making decisions, setting
objectives, and ensuring that these objectives are met through the coordinated efforts of
individuals and teams within an organization.
EVOLUTION OF MANAGEMENT

## 3.
THE STUDY OF MANAGEMENT HAS A RICH HISTORY THAT HAS EVOLVED OVER CENTURIES. IT CAN BE
CATEGORIZED INTO SEVERAL MAJOR ERAS, INCLUDING:
- **CLASSICAL MANAGEMENT**: THE EARLY 20TH CENTURY MARKED THE BIRTH OF CLASSICAL
MANAGEMENT, WITH PIONEERS LIKE FREDERICK TAYLOR (SCIENTIFIC MANAGEMENT) AND HENRI FAYOL
(ADMINISTRATIVE MANAGEMENT) INTRODUCING PRINCIPLES TO IMPROVE EFFICIENCY AND
ORGANIZATION.
- **BEHAVIORAL MANAGEMENT**: THIS ERA, WHICH EMERGED IN THE 1930S AND 1940S, FOCUSED ON
UNDERSTANDING THE HUMAN ELEMENT IN MANAGEMENT. NOTABLE FIGURES INCLUDE ELTON MAYO AND
DOUGLAS MCGREGOR, WHO EXPLORED HUMAN MOTIVATION AND BEHAVIOR AT WORK.
- **QUANTITATIVE MANAGEMENT**: STARTING IN THE 1950S, THIS ERA INTRODUCED MATHEMATICAL AND
STATISTICAL TECHNIQUES TO AID DECISION-MAKING. IT LED TO THE DEVELOPMENT OF OPERATIONS
RESEARCH AND MANAGEMENT SCIENCE.
- **CONTEMPORARY MANAGEMENT**: TODAY'S MANAGEMENT THEORIES INCORPORATE ELEMENTS FROM
ALL PREVIOUS ERAS AND ADAPT TO THE EVER-CHANGING BUSINESS LANDSCAPE. IT EMPHASIZES
FLEXIBILITY, INNOVATION, AND GLOBAL PERSPECTIVES.
IMPORTANCE OF MANAGEMENT

## 4.
EFFECTIVE MANAGEMENT IS CRUCIAL FOR SEVERAL REASONS:
- **ACHIEVING ORGANIZATIONAL GOALS**: MANAGEMENT ENSURES THAT AN ORGANIZATION'S
OBJECTIVES ARE CLEARLY DEFINED AND THAT THE NECESSARY STEPS ARE TAKEN TO ACHIEVE THEM.
- **RESOURCE OPTIMIZATION**: MANAGEMENT HELPS IN UTILIZING RESOURCES EFFICIENTLY, WHICH IS
ESSENTIAL FOR COST CONTROL AND COMPETITIVENESS.
- **ENHANCING PRODUCTIVITY**: GOOD MANAGEMENT PRACTICES CAN BOOST EMPLOYEE PRODUCTIVITY
AND JOB SATISFACTION.
- **ADAPTATION TO CHANGE**: MANAGERS HELP ORGANIZATIONS ADAPT TO EVOLVING MARKET
CONDITIONS, TECHNOLOGY, AND EXTERNAL FACTORS.
- **CONFLICT RESOLUTION**: MANAGEMENT ADDRESSES CONFLICTS AND ENSURES A HARMONIOUS WORK
ENVIRONMENT.
FUNCTIONS OF
MANAGEMENT
## 5.

Management can be broken down into four primary functions:

1. **Planning**: Setting objectives, identifying resources, and deciding on the course of action to
achieve organizational goals.

2. **Organizing**: Arranging resources, defining roles and responsibilities, and creating a


structure to execute the plan effectively.

3. **Leading**: Motivating and guiding employees, fostering teamwork, and providing direction
to accomplish tasks.

4. **Controlling**: Monitoring progress, comparing it to the plan, and making necessary


adjustments to ensure goals are met.
ROLES OF
MANAGER
#6.
Managers play various roles within an organization, including:
- **Interpersonal Roles**: As leaders, liaisons, and figures of authority, managers
interact with people inside and outside the organization.
- **Informational Roles**: Managers gather and disseminate information, acting
as nerve centers of the organization.
- **Decisional Roles**: Managers make decisions, solve problems, allocate
resources, and handle conflicts.
SUBSIDIARY ROLES OF A MANAGER

## 7.
THESE ARE SOME COMMON SUBSIDIARY ROLES OF A MANAGER:
• LEADER
• MENTOR AND COACH
• PROBLEM SOLVER
• COMMUNICATOR
• DECISION-MAKER
• PLANNER
• ORGANIZER
• EVALUATOR
• MEDIATOR
• INNOVATOR
• REPRESENTATIVE
• CHANGE AGENT
• RESOURCE ALLOCATOR
• QUALITY ASSURANCE
• RISK MANAGER
CHALLENGES IN
MANAGEMENT
## 8.

Modern management faces numerous challenges, including:

- **Globalization**: Managing diverse teams and operations across borders.

- **Technology**: Keeping pace with rapidly evolving digital tools and platforms.

- **Workforce Diversity**: Managing a workforce with different backgrounds, skills, and expectations.

- **Sustainability**: Balancing profitability with environmental and social responsibilities.

- **Ethical Dilemmas**: Navigating complex ethical decisions in a transparent world.


CONCLUSION

## 9.
Management is a dynamic field that continually evolves to meet the demands of an ever-
changing business landscape. Whether you aspire to be a manager, an entrepreneur, or simply
seek a better understanding of how organizations function, this introduction to management
provides you with a solid starting point. As you delve deeper into this field, you'll discover the
intricacies and challenges that make management a fascinating and vital discipline.
REFERENCES
## 9.
- Daft, R. L., & Marcic, D. (2016). *Understanding
management* (10th ed.). Cengage Learning.
- Robbins, S. P., Coulter, M., & DeCenzo, D. A. (2016).
*Fundamentals of management* (10th ed.). Pearson.
Mintzberg, H. (1973). *The Nature of Managerial Work*.
Harper & Row.
THANK YOU

just remeber management is a distinct process Consisting podsicon


which means planning,organizing,staffing,directing or leading and
controlling to manage people resources in order to attain and
achieve group goals and objectives .

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