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Management
Terry &
Rue
Stoner
9 Basic Resources:
Nine Ms of Management
1. Man/Manpower
2. Money
3. Materials
4. Machines
5. Methods/Procedures
6. Markets
7. Minutes/Time Management
8. Motivation/Morale
9. Measurement
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1. Men/ Manpower
The most important resource
People who work in business
enterprises.
The success or failure of any
business
depends on them.
The 8Ms are useless if man does not
know how to use them properly.
1. Men/ Manpower
The most important resource
Men are activating resource of the organization
and categorized into two groups such as:
Employees
Managers
Man is important in an organization and emerges
as:
As an economic unit
As a productive unit
As a worker
1. Men/ Manpower
The most important resource
Without manpower, companies are unable to get
work done.
Untrained man can cause damage to goods and
services.
Human Resource Management is different from
Personnel Management
1. Men/ Manpower
The most important resource
HRM vs PM
Factors
HRM
PM
People Involved
Hours of Work
Full-time
Place of Work
Formal &
Informal
Setting
Formal setting:
office, factory,
plant
1. Men/ Manpower
The most important resource
HRM vs PM
1. Men/ Manpower
The most important resource
HRM vs PM
1. Men/ Manpower
The most important resource
HRM vs PM
Factors
HRM
PM
Strategies
Objective &
Scientific; Total
Systems
Approach
Subjective based on
managements needs & values
Compartmentalized Approach
Philosophy
Humane;
People: an
investment & a
resource
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2. Money
The driving force of business
Generally accepted as payment for goods &
services and repayment of debts
A medium of exchange, a unit of account and a store
of value.
From Juno
Moneta, the
Goddess of
ancient Rome
11
2. Money
The driving force of business
Our present economic system: Money Economy
Money is important to an individual person,
equally it so to business organizations & the
government.
Every business enterprise of any nature & size
needs capital
12
2. Money
The driving force of business
Capital is wealth used in further
production & stresses physical
facilities without regard to their
money values.
Capital is money or values used
in business regardless of source.
13
2. Money
The driving force of business
14
3. Materials
The inputs to production
Basically, pieces required to make something else.
Can be anything: a finished product in its own right or an
unprocessed raw material.
Things needed in the creation of products.
3. Materials
The inputs to production
field of management that deals with materials
Important principles
governing raw materials:
16
3. Materials
The inputs to production
field of management that deals with materials
Important principles
governing raw materials:
17
4. Machines
The aide to work simplification
Any device that uses energy to perform
some activity.
A device having parts that perform or assist
in performing any type of
work.
Derived from machina
Prior to the birth of the Industrial
Revolution, manufacturing was done
largely thru the use of human hands
aided by simple hand tools.
Simple
Machine
Transforms the
direction or
magnitude of a
force without
consuming
energy.
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4. Machines
The aide to work simplification
Industrial Revolution & Machinery
A Watt steam engine,
the steam engine that
propelled the Industrial
Revolution in Britain and
the world.
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4. Machines
The aide to work simplification
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4. Machines
The aide to work simplification
are technology & expertise deployed towards the
transformation process of input (resources) to output (endpoint objectives/products)
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4. Machines
The aide to work simplification
21
5. Methods/Procedures
The technology/techniques of production
There are 3 types of technology:
primitive, intermediate & modern
technologies E. F. Schumacher, 1973
Can also be systems, procedures &
processes seamlessly put together
for the transformation of a raw
material to goods & services.
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5. Methods/Procedures
The technology/techniques of production
theoretical knowledge of industry and the
industrial art
Human innovation in action that involves the generation
of knowledge & processes to develop systems that solve
problems & extend human capabilities.
It is the total accumulation of tools, systems
& work methods used collectively to
transform inputs into outputs
23
6. Markets
The transaction in motion
Any of a variety of different systems, institutions, procedures, social
relations & infrastructures whereby persons
trade, goods &
services are exchanged, forming part of the economy.
Transaction is the exchange of goods or services for money.
Markets allow any tradable item to be evaluated & priced.
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6. Markets
The transaction in motion
a.
b.
c.
d.
e.
f.
g.
Financial markets
Futures markets
Currency markets
Money markets
Prediction markets
Stock markets
Bond market (credit, debt or fixed income market)
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6. Markets
The transaction in motion
Requirements of a market:
People must need the product
People must have the ability to purchase the
product
People must be willing to use their buying power
Individuals must have authority to buy the
specific products.
Categories of a market:
Consumer Market
Organizational or Industrial Market
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6. Markets
The transaction in motion
7. Minutes/Time Management
Optimum time, with highest quality
A set of principles, practices, skills, tools and systems that work
together to have more value out of time with the aim of
improving the quality of work.
Skills associated are: planning, prioritizing, goal setting,
scheduling
and managing workload.
Various means by which people effectively use their time & other closely
related resources in order to make the most out
of it.
28
7. Minutes/Time Management
Optimum time, with highest quality
POSEC Method
Inherent in the acronym
is Abraham Maslows
Hierarchy of Needs which
suggests that by attending
to ones personal
responsibilities first, an
individual is better
positioned to shoulder
collective responsibilities.
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7. Minutes/Time Management
Optimum time, with highest quality
The BEST time is usually but not always the SHORTEST time
&
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7. Minutes/Time Management
Optimum time, with highest quality
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8. Motivation/Morale
The secret weapon of management
Change equals Challenge which is the source of motivation,
workplace efficiency & job security.
Derived from motivate meaning to move, impel or induce to act
to satisfy a need or want. Pefecto Sison, M.A.
Willingness to exert effort to achieve a goal or objective.
Getting people to contribute their maximum effort toward
the
attainment of organizational objectives
Carlos Lorenzana
34
8. Motivation/Morale
The secret weapon of management
Efficiency under worker responsibility
Managements priority: GET THE JOB DONE!
Efficiency under command and control leadership
Managements priority: CONTROL!
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9. Measurement
The gauge of effectiveness
The score-keeping & in-process monitoring continuously with due
feedback to keep on-course on time.
Encompasses the assessment of performance and results
achieved
by individual employees, groups of employees and entire organizations.
Determining the level of performance by judging the quality,
quantity,
timeliness and /or cost-effectiveness of the work against a set of standards.
36
9. Measurement
The gauge of effectiveness
Two basic parts of ICS:
1. Operational Procedures
2. Controls
CHALLENGE TO
MANAGEMENT:
37
9. Measurement
The gauge of effectiveness
Types of Controls:
1. Preventive Control
2. Detective Control
3. Reactive Control
38
Theoretical Approaches
to Management
Presented by:
Amor M. Loisaga
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42
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Frank B. Gilbreth
Lilian E. Gilbreth
Harrington C. Emerson
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46
47
48
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51
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Henry Fayol
Max Weber
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Abraham Maslow
Frederick Herzberg
Douglas McGregor
58
Two Branches:
a. Frederick Herzberg
b. Douglas McGregor
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63
64
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Management as a process.
Objectives are met by a series of continuous & interrelated actions.
These actions are called managerial functions.
Management is a unity of 5 managerial functions. To manage
means:
1. To forecast & plan.
2. To Organize.
3. To Command
4. To Coordinate
5. To Control
-Henry Fayol
68
Planning
Organizing
Staffing
Directing
Controlling
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School.
Organization is a system and considered relations inside & outside
the organization.
System
Subsystem
An Organization is an
OPEN SYSTEM
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ENVIRONMENT
input
Transformation
process
output
System Boundary
Organization as a System: receives Input, transforms
it through a Process for Output and Operates in an
Environment (economic, regulatory and other forces)
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9 Ms of
management
Controlling
Leading
Staffing
Organizing
(Goal
Oriented)
Planning
Inputs
Product/Services,
Profits, Customer &
Societal satisfaction,
Other Long-term Goals
Stakeholders
Shareholders;
Society; Customers;
Employees; Suppliers
Outputs
(External
To
Orgnzn.)
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74
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