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Module 1 - Introduction To Managerial Management

Managerial management encompasses the activities managers perform to help organizations achieve their goals efficiently, focusing on core functions such as planning, organizing, leading, and controlling. Effective management also requires ethical decision-making and fostering innovation to navigate challenges and drive growth. By mastering these concepts, managers can ensure organizational resilience and sustainability in a dynamic environment.

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0% found this document useful (0 votes)
7 views30 pages

Module 1 - Introduction To Managerial Management

Managerial management encompasses the activities managers perform to help organizations achieve their goals efficiently, focusing on core functions such as planning, organizing, leading, and controlling. Effective management also requires ethical decision-making and fostering innovation to navigate challenges and drive growth. By mastering these concepts, managers can ensure organizational resilience and sustainability in a dynamic environment.

Uploaded by

jayson Perante
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Managerial

Management

1
INTRODUCTION
TO MANAGERIAL
MANAGEMENT
Welcome everyone.

Today, we will explore the


fundamentals of Managerial
Management, understand why it’s
critical for organizations, and review
key planning techniques managers
use to drive success.
WHAT IS
MANAGERIAL
MANAGEMENT
What is Managerial Management

Managerial management refers


to the set of activities that
managers perform to help
organizations meet their goals
efficiently.

5
What is Managerial Management

Managerial Management involves


the processes and activities
managers undertake to achieve
organizational goals efficiently
and effectively.

6
CORE FUNCTIONS
OF MANAGEMENT
Core Functions of Management

1. Planning - Setting objectives and deciding how to


achieve them.
It is the first and most critical function of management. It
involves setting the direction for the organization and
deciding in advance what should be done, how, and when.
Without a solid plan, an organization can become disjointed,
and resources may be wasted.
Managers must plan for both short-term and long-term
objectives, taking into consideration external factors like
market conditions, technological developments, and
competitors.

9
Various Types of Planning
▪ Strategic planning: Focuses on the long-term
direction of the organization.
▪ Tactical planning: Helps to implement the
strategies in a specific, often departmental,
context.
▪ Contingency planning: Prepares the organization
for unexpected events or crises.

10
Techniques for Effective Planning

• Goal Setting: Use SMART criteria to create clear


and attainable goals.
• SWOT Analysis: Identify internal strengths and
weaknesses, and external opportunities and
threats.
• Scenario Planning: Prepare for multiple future
possibilities to remain flexible.

11
Core Functions of Management

2. Organizing - is the process of arranging


resources - human, financial, and physical - so
that the plan can be executed successfully.
This function focuses on defining roles, responsibilities, and
the relationships between them to ensure that everyone is
aligned with organizational goals. Organizing requires making
key decisions such as how to structure the organization, what
resources are required, and how tasks will be coordinated.

12
Core Functions of Management (Organizing}

An important part of organizing is creating an effective


organizational structure.
The right structure can significantly impact an organization’s
ability to be responsive to the market and competitive
pressures.
Managers must also develop policies and procedures that
guide decision-making within the organization.
They need to ensure that the work environment fosters
innovation, collaboration, and the efficient use of
resources.

13
Core Functions of Management

3. Leading – it’s function involves motivating,


directing, and influencing employees to contribute to
the achievement of organizational goals. This is often
considered one of the most challenging aspects of
management.
While a manager’s role involves guiding employees, a
leader's role is more about inspiring and influencing
individuals to perform at their best.

14
Core Functions of Management (Leading)

Leadership is multi-faceted and requires a variety


of skills, such as emotional intelligence,
communication, and conflict resolution.
Managers must also lead by example,
demonstrating the values and behaviors that they
expect from their team.
Leading includes setting a clear vision,
empowering employees, fostering team spirit, and
building a supportive culture.
15
Core Functions of Management - Controlling

4. Controlling – It is the function that ensures that the


organization’s activities are aligned with the
established plans.
It involves monitoring performance, measuring
progress toward goals, and making necessary
adjustments to stay on track.
Managers use control systems, such as key
performance indicators (KPIs), financial reports, and
feedback mechanisms, to assess the effectiveness of
their strategies.
16
Core Functions of Management - Controlling

4. Controlling – It is the function that ensures that the


organization’s activities are aligned with the
established plans.
It involves monitoring performance, measuring
progress toward goals, and making necessary
adjustments to stay on track.
Managers use control systems, such as key
performance indicators (KPIs), financial reports, and
feedback mechanisms, to assess the effectiveness of
their strategies.
17
Core Functions of Management - Controlling

The controlling function helps managers ensure that


operational objectives are met while maintaining a
balance between efficiency and quality. It provides a
feedback loop for continuous improvement, as managers
are able to assess the impact of their decisions and make
data-driven adjustments to their strategies.

18
Some Important Aspects of Controlling
▪ Setting performance standards
Clearly defined standards give employees a benchmark to
measure their work against.
▪ Monitoring performance
Tracking how well actual performance compares with
standards allows managers to identify potential problems
early.
▪ Corrective action
When discrepancies arise, corrective measures need to be
implemented to bring the performance back on track. This
may involve adjusting strategies, reallocating resources, or
providing additional training.

19
Ethics and
Corporate Social
Responsibility
(CSR)
Ethics and Corporate Social Responsibility (CSR)

Ethics guide managers to do what is right beyond just


legal requirements. Social responsibility means
considering how decisions affect communities and the
environment, which also builds trust and reputation.
Ethical decision-making is critical for maintaining a good
reputation, fostering trust with stakeholders, and
ensuring long-term sustainability.

21
Ethics and Corporate Social Responsibility (CSR)

Managers need to make decisions that benefit both the


organization and the society in which it operates.
Ethical leadership promotes transparency and integrity
within the organization and helps avoid legal issues or
reputational damage that could arise from unethical
behavior.

22
Innovation and
Change
Management
Innovation and Change Management
Innovation - is at the heart of organizational
growth.
In today's competitive and rapidly changing
environment, businesses must innovate to
stay ahead.
Managers must foster a culture of innovation
where new ideas are encouraged and tested.
At the same time, managing innovation
requires balancing risk and reward.
24
Innovation and Change Management
Change management - involves in guiding the
organization through transitions and ensuring
smooth adoption of new technologies,
processes, or strategic directions.
Effective change management requires strong
communication, planning, and employee
involvement.
Resistance to change is common, and managers
must be prepared to handle it by providing clear
benefits of the change and offering training and
support.
25
CONCLUSION
Conclusion:

• To conclude, effective management is a balanced act of


performing core functions, applying the right skills, and
upholding ethical standards. This combination drives
organizational success and resilience
• Managerial management is essential for ensuring that
organizations function efficiently and achieve their
objectives., change management, and innovation to
navigate challenges and drive growth.

27
Conclusion:

• The four core functions—planning, organizing, leading, and


controlling—form the foundation of management practices.
However, in today’s dynamic and interconnected world,
managers must also be skilled in ethics, decision-making
• By mastering these core concepts, managers are well-positioned
to lead their organizations toward success, adapt to changing
environments, and create value for both the business and its
stakeholders. The role of a manager is complex and evolving, but
with the right tools and mindset, they can ensure that their
organizations are resilient, competitive, and sustainable

28
Conclusion:

The role of a manager is complex


and evolving, but with the right tools
and mindset, they can ensure that
their organizations are resilient,
competitive, and sustainable

29
THANK YOU ALL FOR
ATTENDING THE CLASS

Maria Isabel E. Palafox-Veluya


mariaisabelpalafoxveluya@[Link]

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