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Principles of Management

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Principles of Management

  1. 1.  The only certainty today is change.  Speed, Teamwork and Flexibility.  Managers at all level need to stay close to the customer.  Without continuous improvement and lifelong learning, there can be no true economic progress for individuals and organizations alike.
  2. 2. “For most employees, the immediate boss is the prime representative of the organization. If they don’t like their immediate boss, they don’t like the company” -Terry Brag (President of a Management company in Utah)
  3. 3.  Management is the process of working with and through others to achieve organizational objectives in changing environment.  Central to this process is the effective and efficient use of limited resources.
  4. 4.  Working with and through others.  Achieving organizational objectives.  Balancing Effectiveness and Efficiency.  Making the most of limited resources.  Coping with a changing environment.
  5. 5. Management is, above all else, a social process. Many collective purposes bring individuals together-building cars, providing emergency health care, publishing books, and on and on. But in all cases, managers are responsible for getting things done by working with and through other people.
  6. 6.  DerailedManager were those who had not lived up to their peers’ and superiors’ high expectations.
  7. 7.  Problems with interpersonal relationships.  Failure to meet business objectives  Failure to build and lead a team.
  8. 8. An objective is a target to be strived for and, one hopes, attained. Although personal objectives are typically within the reach of individual effort, organizational objectives or goals always require collective action. Organizational Objectives also serve later as measuring sticks for performance.
  9. 9.  Effectiveness entails promptly achieving a stated objective.  Efficiency enters the picture when the resources required to achieve an objective are weighed against what was actually accomplished.
  10. 10. Balancing 100% 80% 60% Balancing 40% 20% 0% Effectiveness Efficiency
  11. 11. We live in a world of scarcity. Although experts and non-experts alike may quibble over exactly how long it will take to exhaust our nonrenewable resources or come up with exotic new technological alternatives, one bold fact remains: Our planet is becoming increasingly crowded.
  12. 12. 1.Land 2.Labor 3.Capital
  13. 13. Successful managers are the ones who anticipate and adjust to a changing circumstances rather than being passively swept along or caught unprepared.
  14. 14.  Globalization  The Evolution of Product Quality  Environmentalism  An Ethical Reawakening  The Internet and the E-Business Revolution
  15. 15. A controversial aspect of Globalization is the practice of off shoring, the outsourcing of jobs from developed countries to lower-wage countries. Today’s model manager is one who is comfortable transacting business in multiple languages and cultures.
  16. 16. The emphasis on quality has evolved through four distinct stages since World War II- from “fix it in” to “inspect it in” to “build it in” to “design it in”. Notice how each stage of this evolution has broadened the responsibility for quality, turning quality improvement into a true team effort.
  17. 17.  The fix-it-in approach •Rework any defective product  The inspects-it-in approach •Avoidance of substandard outputs.  The build-it-in approach •Identifying and eliminating causes of quality problems.  The design-it-in approach •Continuous improvement of personnel, process and product.
  18. 18. Green issues such as deforestation, global warming, depletion of the ozone layer, toxic waste food safety, and pollution of land, air, and water have gone mainstream. Managers around the world are picking up the environmental banner and putting their creative ideas to work in a way that they doesn’t harm the environment.
  19. 19. Managers are under strong pressure from the public, elected officials, and respected managers to behave better.
  20. 20.  Lying to Supervisors  Lying o reports or Falsifying records  Stealing and Theft  Sexual Harassment  Abusing Drugs or Alcohol  Conflict of Interest
  21. 21.  Internet- the worldwide network of personal computers, routers and switches, powerful servers, and organizational computers has been explosive.  E-business- is one seeking efficiencies via the Internet in all basic business functions
  22. 22. Managers are responsible in every aspects of the business. Management is a complex and dynamic mixture of systematic techniques and common sense. A certain manager must be educated enough and undergone many experiences in terms of managing.
  23. 23. Managerial Functions Managerial Skills
  24. 24.  Managerial functions are general administrative duties that need to be carried out in virtually all productive organizations
  25. 25.  Planning  Decision making  Organizing  Staffing  Communicating  Motivating  Leading  Controlling
  26. 26. Managerial Functions Planning Decision making Organizing Staffing Communicating Motivating Leading Controlling
  27. 27.  Technical Skills  Teambuilding Skills  Drive Skills
  28. 28.  A Hectic Place  Managers lose their rights to do many things
  29. 29. “ The manager is overburdened with obligations; yet he cannot easily delegate his tasks. As a result, he is driven to overwork and is forced to do many tasks superficially. Brevity, fragmentation, and verbal communication characterized his work.”
  30. 30.  Loose your temper  Be one of the gang  Bring your personal problems to work  Play favorites  Put your self-interests first  Ask others to do what you cannot do
  31. 31. What must be considered in learning to manage?  Formal Education or  Experience
  32. 32.  Making a big mistake  Feeling threatened  Being personally attacked  Suffering an injustice at work
  33. 33. Theory Acquiring the Ability to Manage Practice
  34. 34.  Small business management have been called the “engine” of the U.S economy.
  35. 35.  What is your product?  Who is the customer?  Who will sell it?  How many people will buy it?  How much will it cost to design and build?  What is the sales price?  When will you break even?
  36. 36.  80 percent-failure-rate Myth  The low-wage-jobs Myth
  37. 37.  Become an independent contractor/consultant  Take a job with small business  Join or buy a small business owned by your family  Purchase a franchise  Start your own small business
  38. 38.  Entrepreneurship is the process by which individuals –either on their own side or organizations-pursue opportunities without regard to the resources they currently control