BMGT1

Mrs. Ariadne Socorro R. Cordero

Adam Smith

Christian Garcia

Myrah Christdel Ann Gabiason

Francine Perez

Precious Mher Justiniani

Kyla Marie Tulbo

Kyle Reyes
 Good afternoon! Let me introduce to you our speaker for today, he studied
social philosophy at The University of Glasgow and at Balliol College, Oxford,
where he was one of the first students to benefit from scholarships set up by fellow
Scot John Snell. After graduating, he delivered a successful series of public lectures
at Edinburgh, leading him to collaborate with David Hume during the Scottish
Enlightenment. He obtained a professorship at Glasgow, teaching moral philosophy
and during this time, wrote and published The Theory of Moral Sentiments. In his
later life he took a tutoring position that allowed him to travel throughout Europe,
where he met other intellectual leaders of his day. He laid the foundations of classical
free market economic theory. Let us welcome the Father of Modern Economics, Mr.
Adam Smith

Feasgar Math! I am Adam Smith I am an 18th century philosopher renowned

as the Father of Modern Economics and a major proponent of laissez faire economic
policies. The recorded history of my life begins on June 5, 1723 at my baptism in
Scotland, however my exact birthdate is undocumented. I am the most famous for
my 1776 piece “The wealth of Nations” but my first major treatise. “The Theory of
Moral Sentiments” was released in 1759 and many of its ideas are still practiced
today. I am the first person to identify specialization and the division of labor as the
main drivers of productivity. I also conceptualized the invisible hand principle which
explains how under the proper set of incentives, self-interested individuals are
directed to pursue activities that benefit the whole of society. Both ideas are the
utmost importance in the field of management specifically successful managers are
those who are able to create good rules of the game which align the incentives of
labor with the goals of the firm.
 What would I advise to future managers is to set goals and work towards that
goal. Be compassionate to every decision you ever made even though sometimes it’s
unpopular. Don’t be afraid to take risk, be yourself, the success of the business lies
within your hands. Identify your department’s goals and determine the resources
needed and find out what drives them. Observe each other’s report behavior to
determine if there is sufficient knowledge skill and motivation for the unexpected
things enjoy the life of manager.