INTRODUCTION TO MANAGEMENT

Why study Management?

Management- The process of dealing with or controlling things or people. The art of getting
things done through others. The art of maximizing productivity using and developing peoples
talent while promoting them with self-enrichment and growth opportunities.
Leadership- creating more leaders not followers

Management VS Leadership

Whats the difference between a manager and a leader?

- The manager administers, the leader innovates.

- The manager maintains, the leader develops.
- The manager focuses on systems and structure, the leader focuses on people.
- The manager relies on control, the leader inspires trust.
- The manager has a short-range view, the leader has a long-range perspective.
- The manager has his or her eye always on the bottom line; the leaders eye is on the horizon.
- The manager accepts the status quo; the leader challenges it.
- The manager does things right; the leader does the right thing.

Mercury Drug- Mariano Que invested P100 selling sulfathiazole.

Jollibee- Tony Tan Caktiong

Jack Welch (CEO 1981-2001)-

- named by Fortune Magazine in 1999 as the Manager of the Century

- GEs Market Value: from $14 billion to $410 billion

Dahlia Dy

- Managing Director of South Star Drug

Major Management Functions

- Planning
o Defining goals
o Establishing strategy
o Developing subplans to coordinate events
- Leading
o Direct and motivate
- Organizing
o Determining what needs to be done
- Controlling
o Monitoring activities to ensure that they are accomplished
John Gokongwei, Jr. Robinsons

Jose Yao Campos- Unilab

Henry Sy- SM

Henry Fayols Management Theory (Fayolism)- to make work easier for everyone

- Forecasting
- Planning
- Organizing
- Commanding
- Coordinating
- Controlling

5 Ms of Management

- Men
- Machines
- Material
- Methods
- Money

1931- Massachusetts Institute of Technology- start of management

Administration and Management

Administration

- Setting up of objectives and crucial policies of organizations; determinative functions

- Top level Activity
- Key Functions: Planning and Organizing

Management

- Act of putting into practice the policies and plans decided upon; executive function
- Mid-level activity
- Key Functions: Leading and controlling

Levels of Management (insert picture)

1st line management- supervisors

Middle managers-