The Nature and Concept of Management

It is a basic management function process that deals with the formulation and development of short-term and long-term goals, strategies, and tactics in order to achieve the objectives of the organization, business or company.

• Planning

• Organizing

• Leading

• Controlling

It is a basic management function that process of fitting together all organizational resources composed of the physical, monetary, and man power complements.

• Planning

• Organizing

• Leading

• Controlling

It is a basic management function that puts the company's plans and programs into action for the purpose of achieving the company goals.

• Planning

• Organizing

• Leading

• Controlling

It is the basic management function that measures the performance activities of the company, checking whether these conforms to the organizational plans and programs, standard set, and principles upheld.

• Planning

• Organizing

• Leading

• Controlling

It ensures that all individuals, groups, or teams are harmoniously working together and moving forward the accomplishment of the organization's vision, mission, goals, and objectives.

• Coordination

• Efficiency

• Effectiveness

It refers to the optimal use of scarce resources- human, financial, physical, and mechanical- in order to bring about maximum productivity.

• Coordination

• Efficiency

• Effectiveness

It means "doing things correctly" when engaged in activities that will help the organization attains its aims.

• Coordination

• Efficiency

• Effectiveness

It is usually defined as slow stages of growth and development, starting from simple forms to more complex forms.

• Theories

• Method

• Conduct

• Evolution

He is a Scottish political economist credited for establishing the classical school of economics.

• Adam Smith

• Matthew Boulton

• James Watt

• Frederick W. Taylor

He is the Father of Scientific Management

• Adam Smith

• Matthew Boulton

• James Watt

• Frederick W. Taylor