Introduction To Management
Introduction To Management
Introduction To Management
Management
Objectives
• Define what is management;
• Establishes equilibrium
• Enables organization to survive and adapt the ever changing environment
Importance of Management
• Essentials for prosperity of society
• Efficient management will lead to economical production which in turn
helps improve the welfare of people
• Good management increases profit that is beneficial to businesses
• Organization may also do researches and make products beneficial to the
society
Evolution of Management
• Like all other professions, management has evolved through time to
adapt to changes: industrial, social and technological revolutions, and
has to remain effective despite the opportunities and constraints
offered by each
• It has to endure the pressures placed by politicians, financial
interests and social and legal changes
Evolution of
Management
• Ancient
Management
• Egyptians’
showcase of the
pyramids
• Venetians’ floating
warship assembly
line
• China’s Great Wall
• India’s Taj Mahal
Evolution of Management
Adam Smith
•Author of “An Inquiry into the Nature and
Causes of the Wealth of Nations” or
commonly referred to as “The Wealth of
Nations” in 1776
•Promoted “division of labor” in an organization.
He argued that job specialization increases
productivity of employees
Evolution of
Management
Industrial Revolution
• Substituted machine power
for human labor
• Created large organizations
in need of management
Evolution of Management
Self-fulfullment
Self-
Needs
actualization:
Achieving one’s
Abraham Harold Maslow full potential,
including creative
• American psychologist activities
Esteem:
• Known for Maslow’s
Psychological
Prestige and feeling of
Hierarchy of Needs
Needs
accomplishmnet
Social (sense of belongingness and
• Needs in the lower love):
Basic Needs
When survival needs are provided for, people
before they can attend would want it to last
to the needs higher up Physiological Needs (survival needs):
Food, warmth, work, rest, sleep, air, movement
Controlling
• All activities made to ensure that actual operations are in line
with the planned operations