Q1:L1 - Nature and Concepts of Management

1. Explain the meaning of management and describe its five key functions: planning, organizing, staffing, leading, and controlling. 

2. Show appreciation of how the functions of management contribute to the success of an organization, a group task, or a personal goal. 

3. Demonstrate understanding of the management functions by identifying and applying them in real-life or classroom-based situations through collaborative tasks or simulations. 

1. Goal Achievement

2. Resource Optimization

3. Adaptibility to Change

4. Employee Motivation & Development

5. Conflict Resolution

6. Innovation & Growth

• It is the process of coordinating and overseeing the work performance of individuals working together in organizations, so that they could efficiently accomplish their chosen aims or goals.

• It is also defined as the process of designing and maintaining an environment for efficiently accomplishing selected aims (Heinz, Weihrich, and Koontz, 2005).

• Management Functions - functions needed in order to accomplish the management process of coordinating and overseeing the work performance of individuals working together in organizations.

  • Planning - 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.

  • Organizing - Demands assigning tasks, setting aside funds, and bringing harmonious relations among the individuals and work groups or teams in the organization.

  • Staffing - Indicates filling in the different job positions in the organization’s structure; the factors that influence this function include: size of the organization, types of jobs, number of individuals to be recruited, and some internal or external pressures.

  • Leading - Entails influencing or motivating subordinates to do their best so that they would be able to help the organization’s endeavor to attain their set goals.

  • Controlling - Involves evaluating and, if necessary, correcting the performance of the individuals or work groups or teams to ensure that they are all working toward the previously set goals and plans of the organization.

Management Functions planning, organizing, staffing, leading, and controlling- will all go to waste if coordination, efficiency, and effectiveness are not practiced by an organization’s appointed managers. 

• Coordination - as the harmonious, integrated action of various parts and processes of an organization.

• Efficiency - being able to yield the maximum output from a minimum amount of input.

• Effectiveness - being adopted to produce an effect, or being able to do things correctly.