C1 Lesson 1
It 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.
Management
He established the bureaucracy.
Max Weber
An individual engaged in management activities.
Manager
It refers to the factors or elements affecting business organization.
Business Environment
It 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.
Planning
It is a management philosophy that focuses on the satisfaction of customers, their needs, and expectations.
Total Quality Management
They are also known as operational managers and are responsible for supervising the organization’s day – to – day activities
Frontline or Lower - Level Managers
They are those who ensure the organizations continuous flow of needed and reasonably priced input or materials required for producing their goods and rendering their services.
Suppliers
It refers to the optimal use of scarce resources – human, financial, physical, and mechanical - in order to bring about maximum productivity.
Efficiency
He is a managing director in a big coal mining company.
Henri Fayol
It enables managers to think of possible solutions to complex problems.
Conceptual skills
This is the ongoing tracking of trends and occurrences in an organization's internal and external environment that bear on its success, currently and in the future.
Environmental scanning
These are the Intrinsic Nature of Management.
Coordination, Efficiency, Effectiveness
He noticed the workers’ mistakes and inefficiencies in doing 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.
Frederick W. Taylor
Three types of Managerial role.
Interpersonal, Informational and Decision – making
SWOT stands for?
Strengths and weaknesses, opportunities and threats
The five Functions of Management.
Planning, Organization, Staffing, Leading and Controlling
The Four Theories/Approach of Management
Scientific Management Theory
General Administrative Theory
Total Quality Management
Organizational Behavior Approach
Three types of managerial role under interpersonal.
Leader, Liaison and Figurehead
PEST stands for?
Political Situations, Economic Situations, Sociocultural Situations and Technological Situations