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Principle of Management jbb 2
1. Lesson I: Principles of Management Cooperative Management & Governance Seminar Nueva Segovia Consortium of Cooperative Caoayan, Ilocos Sur October 5-7, 2011
2. Management Definition Manipulation of resources to achieve objectives Resources: 7Ms 1. Money 2. Machine 3. Men 4. Market 5. Materials 6. Measurements 7. Methods Principles of Management
3. Management Definition The process of getting activities completed efficiently and effectively with and through other people. Principles of Management
4. Management Definition It is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. Principles of Management
5. Management Definition Is the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort. Principles of Management
6. Management Definition The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources. Principles of Management
7. Guided by the Seven Principles Principles of Management
9. 10 Principles of Management 1. Delegate/define responsibilities 2. Explore opportunities for profit 3. VMGs/future oriented 4. Inspire best efforts/motivate 5. Support community/social projects 6. Have well defined objectives 7. Maximize use of resources 8. Look for better option 9. Plan well/Prepare for contingencies 10. Calculate risk to avoid wipe out Principles of Management
10. Effectiveness To achieve objectives within the available resources achieve objectives at the least cost of resources. Efficiency Principles of Management
11. Organization It is a deliberate arrangement of people to accomplish some specific purpose. Distinct Purpose Deliberate Structure People Characteristics of An Organization Principles of Management
12. Inputs Human Capital Managerial Skills Technological Application Principles of Management
14. Stakeholders Owners / shareholders Employees Consumers Suppliers Stock Holders Government Community Principles of Management
15. Managing System System Is a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole. Closed system Open system Principles of Management
16. System that is not influenced by or does not inter- act with its environment. Closed System Principles of Management
17. Open System - System that is dynamic and interacts with its environment. Principles of Management
18. Universality of Management The reality that management is needed in all types and sizes of organizations, in all organizational levels and organizational areas of all countries of the world. Principles of Management
19. Exercise #1 Cooperative Framework (IPO)Identify your inputs & Outputs PROCESS INPUTS OUTPUTS Principles of Management