Cooperative Management & Governance Seminar Nueva Segovia Consortium of Cooperative Caoayan, Ilocos Sur October 5-7, 2011 Lesson I: Principles of Management
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Oct 21, 2014
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Cooperative Management & Governance SeminarNueva Segovia Consortium of CooperativeCaoayan, Ilocos SurOctober 5-7, 2011
Lesson I: Principles of
Management
Principles of Management
ManagementDefinition
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
Management
Definition
The process of getting activities completed efficiently and effectively with
and through other people.
Principles of Management
Management
DefinitionIt is a process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.
DefinitionIs the process by which managers create, direct, maintain, and operate purposive organizations through coordinated, cooperative human effort.
Management
Principles of Management
Definition
The attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and controlling organizational resources.
Management
Principles of Management
Guided by theSeven Principles
Principles of Management
ICA Core Values
Principles of Management
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
To achieve objectives within the available resources
achieve objectives at the least cost of resources.
Effectiveness
Efficiency
Principles of Management
It is a deliberate arrangement of people to accomplish some specific purpose.
– Distinct Purpose– Deliberate Structure– People
Organization
Characteristics of An Organization
Principles of Management
• Human• Capital• Managerial Skills• Technological Application
Inputs
Principles of Management
• Products• Services• Satisfaction• Goal Achievement• Profits
Outputs
Principles of Management
•Owners / shareholders• Employees•Consumers• Suppliers• Stock Holders•Government•Community
Stakeholders
Principles of Management
SystemIs a set of inter-related and inter-dependent parts arranged in a manner that produces a unified whole.
– Closed system– Open system
Managing System
Principles of Management
System that is not influenced by or does not inter- act with its environment.
Closed System
Principles of Management
- System that is dynamic and interacts with its environment.
Open System
Principles 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.
Universality of Management
Principles of Management
Exercise #1Cooperative Framework (IPO)Identify your inputs & Outputs
INPUTS OUTPUTSPROCESS
Principles of Management
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