The document discusses the 5 M's of management: Man, Material, Machines, Methods, and Money. It explains that Man refers to human resources and how people ensure the proper use of the other M's. Material is necessary for any business. Machines have replaced humans for some tasks but still require people to operate and feed them. Methods refer to standard operating procedures. Money is necessary to motivate workers, obtain resources, and maintain operations. The document also summarizes the Peter Principle, which states that employees will be promoted until they reach a level of incompetence.

1. 5 M’s IN MANAGEMENT AND
THE PETER PRINCPLE
Reporter:
Rena Clair O. Perez

4. 5 M’s IN MANAGEMENT

6. MAN
• Man in management is referred as human resource.
• It includes the physiology and psychology of those
involved, as well as their performance and proficiency.
• People make sure materials, machines, money and
methods are utilized in a productive manner to achieve
goals and objectives of organization.

7. MATERIAL
• Without material, human resource is made redundant.
• Every right thinking and right planning organization knows
that materials needed for any business activity.
• Poor quality of materials potentially ruins
entrepreneurship.

8. MACHINES
• The metal contraptions called machines have made man
fulfill almost effortlessly various dreams of creating things
that make our existence more worthwhile.
• Machines have replaced man in tilling, planting, and
harvesting. Man has been replaced with looms in cotton
and fabric processing.
• However, without man and materials, machines will be
useless. They need to be operated by man and fed with
materials.

9. METHODS
• Refers to the normal and prescribed ways of doings
various operatiions are performed according to certain
systems and procedures.
• Use of right method help to increase efficiency of
operations and contributes to effective management.

10. MONEY
• Without money, no ventures or enterprise can motivate
workers, get quality and sufficient materials, get the right
machines and maintain them or even ensure that time is
properly managed.
• Money management, when not properly organized has
been the most known factor involved in collapse of
enterprise in history.

11. PETER PRINCIPLE

12. • According to the Peter Principle, every position in a given
hierarchy will eventually be filled by employees who are
incompetent to fulfill the job duties of their respective
positions.

13. • Peter principle is an observation that the tendency in most
organizational hierarchies, such as that of a corporation, is
for every employee to rise in the hierarchy through
promotion until they reach a level of respective
incompetence.

14. • This is thus based on the logical idea that competent
employees will continue to be promoted, but as some point
will be promoted into positions for which they are
incompetent, and they will then remain in those positions
because of the fact that they do not demonstrate any
further competence that would get them recognized for
additional promotion.

15. THANK YOU !