Advanced Review: Introduction to Org. Management

• Organization and Management is a Specialized Subject taken up by Senior High Students in the Accountancy, Business and Management (ABM) strand
• Organizational management


  The art of getting people together on a common platform to make them work towards a common predefined goal
• Management


  The control and organization of something
• Resources managed by a business organization

  • Human Resources
  • Financial Resources
  • Physical Resources
  • Information Resources
• Human Resources


  The people who work for an organization and the department responsible for managing all matters related to employees
• An organization’s employees can be considered as its most important asset
• Financial Resources


  The funds and assets that finance an organization’s activities and operations
• Financial resources are the money and its equivalents that keep a business operating
• Physical Resources


  The various tangible inputs that are needed for a business organization to function
• Physical resources are necessary for all types of business
• Information Resources


  The different data and information used by a business organization in the course of its operations
• Types of Information Resources

  • Internal Information
  • Industry Information
  • Competitive Information
  • Government and Regulatory Information
• Internal Information is the information that the business already possesses
• Industry Information is acquired from external sources relating to the industry
• Competitive Information relates to the business's competitors
• Government and Regulatory Information relates to governmental and regulatory compliance
• Manager


  Someone who can lead, direct and control operations and people in their organization without imposing their authority
• Functions of Management (POSDCRB)

  • Planning
  • Organizing
  • Staffing
  • Directing
  • Controlling
  • Reporting
  • Budgeting
• Planning


  Establishing a broad sketch of the work to be completed and the procedures incorporated to implement them
• Organizing


  Formally classifying, defining and synchronizing the various sub-processes or subdivisions of the work to be done
• Staffing


  Recruiting and selecting the right candidates for the job and facilitating their orientation and training
• Directing


  Decision making and delegating structured instructions and orders to execute them
• Reporting


  Regularly updating the superior about the progress or the work related activities
• Budgeting


  Auditing, Accounting, Fiscal Planning and Control conducted by organizations
• Controlling


  Orchestrating and interlinking the various components of the work
• Management theories


  Concepts surrounding recommended management strategies
• Organizations will not rely solely on one management theory alone
• Management Theories


  • Scientific
  • Systems
  • Contingency
  • Authoritarian / Participative
• Scientific Management Theory


  Emphasizes simplifying tasks to increase productivity
• Systems Management Theory


  Businesses consist of multiple components that work harmoniously
• Contingency Management Theory


  No one management approach suits every organization
• Authoritarian and Participative Management Theory

  Management style influences team motivation
• Authoritarian Leadership


  A management style with total decision-making power and absolute control
• Participative Leadership


  A leadership style where leaders involve subordinates in decision-making
• Manager


  The person who is responsible for managing an organization
• Hierarchy of Organization Managers

  • Upper Management
  • Middle Management
  • Lower Management
• Upper Management


  • CEO
  • CFO
  • COO
• Middle Management


  • Department Heads
  • Directors
• Lower Management


  • Team Leader
  • Branch Manager
• Roles of a Manager

  • Informational Roles
  • Interpersonal Roles
  • Decisional Roles