entrepreneurial management
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This is a review and compilation of management concepts and ideas especially applicable to entrepreneurial ventures. www.profjorgeentrep-ateneo.blogspot.comTRANSCRIPT
ENTREPRENURIAL MANAGEMENTHOLY GARDENS MEMORIAL PARK GROUP
According to Peter Drucker, management made the greatest
contribution to economic development in the 20th century
1. Making people's strengths effective and their weaknesses irrelevant.
2. Enhancing the ability of people to contribute
3. Integrating people in a common venture by: 1. thinking through, 2. setting and exemplifying the organizational objectives, values and goals
4. Enabling the enterprise and its members to grow and develop through training, developing and teaching
5. Ensuring everyone knows what needs to be accomplished, what they can expect of you, and what is expected of them
Management allows us to coordinate hundreds or thousands of people with different skills and knowledge to achieve common goals.
Nothing comes close
Getting things done through others: MANagement
Involves:
Input
Key Activities / ProcessesWhat is to be done?
How it is done?
Throughput
4Ms in Fishbone
manpower
machinery materials methods
The six soldiers of Management
ITO
Throughput
SMART Management
Attainable
Major activities of Management
• Communicating/coordinating•Staffing•Executing•Audit & Review
Often abbreviated as: PLOCC-SEAR
PDCA
HR - Manpower
Marketing
FINANCE
Operations
Various Functions
Self-Discipline
Good management is good management everywhere
Line vs staff functionLine and staff management has two separate hierarchies:
(1) the line hierarchy in which the departments are revenue generators (manufacturing, selling), and their managers are responsible for achieving the organization's main objectives by executing the key functions (such as policy making, target setting, decision making);
(2) the staff hierarchy, in which the departments are revenue consumers, and their managers are responsible for activities that support line functions (such as accounting, maintenance, personnel management)
Matrix system: dual plane reporting
Problem solving decision making
Your level in management is determined by complexity of
problem solved
GANTT CHART BAR CHART
SOME SCIENTIFIC TOOLS
PARETO CHART
SOME SCIENTIFIC TOOLS
DECISION TREE
SOME SCIENTIFIC TOOLS
HIGH OUTPUT MANAGEMENT BY ANDREW GROVE
NUDGING
ONE TIME SET UP
DUAL PLANE REPORTING
BATCHING
INTENSE COMMUNICATION ONE ON ONE
GROUP MEETINGS
Peter Drucker: the Father of Management
1. Know where your time goes2. Focus on results
3. Effective decision making4. Focus on opportunities, not
problems
Sales – Cost = GP
Management is all about work, standard work scheduling; management of workers
Five Disciplines by: Peter Senge
Breakthrough thinking by Hibino:
Force Field Analysis by Kurt Lewin
System principle:1. Purpose2. Inputs
3. Throughputs4. Environment
5. Information aid6. Human aid7. Catalysts
Others:1. Time and motion study –
scientific method2. One best way
3. Delegation4. Command and control/checks
and balances5. Span of control
Work as a religion
Multiplication of riches and resources:
We need more spirit in man
PASSION, INTEGRITY & COMPETENCE
Ownership: MESEL
SENSE OF COMMUNITY - TEAMWORK