Management Aspects

MANAGEMENT ASPECTS FOR ENTREPRENEURS

GROUP 5ATIENZA, ANGEL ROSE FERNANDEZ, CHRYSTAL JOY JAVIER, ADRIANNE KIEN PADERO, JAMES PATRICK VENEZUELA, REINIER

Introduction

Management aspects for entrepreneurship encompass a wide array of critical components including strategic planning, team leadership, financial management, operational efficiency, and adaptability to market dynamics. These aspects are essential for navigating the complexities of entrepreneurship and fostering sustainable growth and success.

MANAGEMENT

Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively.

"Management is that function of an enterprise which concerns itself with direction and control of the various activities to attain business objectives. Management is essentially an executive function; it deals with the active direction of the human effort."

WILLIAM SPRIEGAL

"Management is defined for conceptual, theoretical and analytical purposes as the process by which managers create, direct, maintain and operate purposive organization through systematic, coordinated, co-operative human effort"

MC FARLAND

"Management is not people; it is an activity like walking reading, swimming, or running. People who perform management can be designated as members of management or executive leaders.

TERRY

CHARACTERISTICS OF MANAGEMENT

Management is a distinct activity with the following distinguishing characteristics:

Authority System

Economic Resource

As a field of study

Purposeful

Universal Applicability

Seperate Process

Integrative Force

CHARACTERISTICS OF MANAGEMENT

ECONOMIC RESOURCE

PURPOSEFUL

SEPERATE PROCESS

Management is one of the components of production, along with land, labor, and capital.

It coordinates employee efforts in order to achieve the organizations goals.

Planning, organizing, staffing, directing, and managing are all separate processes in management.

CHARACTERISTICS OF MANAGEMENT

INTEGRATIVE FORCE

AUTHORITY SYSTEM

AS A FIELD STUDY

The essence of management is the integration of human and non-human resources to accomplish the desired outcomes.

A command and control system hierarchy is represented by management as a group of managers.

Management has evolved as a field study with the support of a variety of other disciplines, including engineering, anthropology, sociology, and psychology.

CHARACTERISTICS OF MANAGEMENT

UNIVERSAL APPLICABILITY

Management applies to everyone. Management principles and approaches can be used in a variety of settings.

LEVELS OF MANAGEMENT

A management level is a dividing level between different managerial positions within a company.

TOP MANAGEMENT

Top management is the ultimate source of authority, and it sets the company's goals, rules, and plans. Also known as a "Policy-making body"

MIDDLE MANAGEMENT

The job of middle management is to put top management policies and plans into action. They are accountable to upper management for the smooth operation of their apartments.

LOWER LEVEL OR OPERATIVE MANAGEMENT

This level of management is at the bottom of the management structure, and it is responsible for real operations.

MANAGEMENT FUNCTIONS

PLANNING

- the most basic and ubiquitous

ORGANIZING

- identifying the activities required to meet corporate objectives

Planning, organizing, staffing, directing, coordinating, and controlling will be designated as management functions for our purposes.

STAFFING

- permanent staffing is a vital management function

DIRECTING

- the process of motivating people to do their best work and contribute their full potential

MANAGEMENT FUNCTIONS

COORDINATING

- the process of establishing relationships between various sectors of an organization

Planning, organizing, staffing, directing, coordinating, and controlling will be designated as management functions for our purposes.

CONTROLLING

- ensures that divisional, departmental, sectional, and individual results are in line with predetermined goals and objectives

TYPES OF BUSINESS ENTITIES

THE TYPE OF BUSINESS ENTITY YOU CHOOSE WILL DEPEND ON THREE PRIMARY FACTORS: LIABILITY, TAXATION, AND RECORD-KEEPING.

SOLE PROPRIETORSHIP

A sole proprietorship is a business owned and operated by one person.

PARTNERSHIP

It involves two or more people who agree to share in the profits or losses of a business

TYPES OF PARTNERSHIP

• GENERAL PARTNERSHIP
• LIMITED PARTNERSHIP
• LIMITED LIABILITY PARTNERSHIP
• LLC PARTNERSHIP

CORPORATION

A corporation is a legal entity that is created to conduct business. The corporation becomes an entity seperate from those who founded it that handles the responsibilities of the organization.

CORPORATION VS INCORPORATION

INCORPORATION

is a process of creating a new legal entity that is separate from its owners/shareholders and protects them from personal liabilities.

KEY TAKEAWAYS

• Management is the coordination and administration of tasks to achieve a goal.
• Management processor functions are planning, organizing, staffing, directing, controlling, and coordination.
• There are three (3) levels of management this are top management, middle management, and low management.
• There are three (3) business entities in being an entrepreneur: Sole Proprietorship, Partnership, and Corporation.

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And animations to make it fun.

The important thing is for everything to besuitable for the topic.

And for you to wow your audience.

Did you know that Genially allows you toshare your creation directly, with no need to download? All ready for your audience to view it from any device and share it anywhere.

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