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Business environments
battlefields
Quality standards
are altered constantly dahil gusto natin bago; focus sa speed
Cost
primary concern for consumers
Bateman and snell- define innovation as the intro of new products and services
define innovation as the intro of new products and services
Quality
ability of a product or service to meet customer needs
bureau of product standards of the department of trade and industry
publishes brochures for product requirements to set standards
food and drug administration (FDA)
consumer welfare and protection is also provided through this
certificates of product registration
need to be issued for manufacturing companies before these go to the market
service
is an intrinisic requirement for all customers; what they want when they need it
speed
buzz word of this millennium
WEFORUM partners with MBC
for inputs on the country's performance
planning
delivering strategic value
organizing
building a dynamic organization
leading
mobilizing people
controlling
learning and changing
Simple frequency count
allows prioritization of problems that need to be addressed
flowchart
tool that puts key processes in symbolic patterns that are easy to understand; symbols represent relationship sequences between and among different tasks
GANTT charts
useful for scheduling and planning projects; considered as a visual tool for the action plan
ACTIVITY NETWORK DIAGRAM (AND)
planning tool used to diagram activities in sequence from start to finish
Plan-do-check-act (PDCA)
problem solving model; improvement storyboard model
downsizing
planned removal of positions or jobs
rightsizing
efforts at achieving an appropriate size for effective enterprise performance
customer relations management (CRM)
tasked to focus on interactive relationships with customers
reengineering
efforts to revolutionize organizational systems and processes to satisfy customer needs
total quality management (TQM)
intergrative approach to management
just in time (JIT)
calls for subassemblies and apparatus to be produced in very small lots and delivered to the next stage
charismatic leadership
most admired example is MARTIN LUTHER KING; dominant, self-confident, and convinced of the ethical decency of their beliefs
transformational leadership
characterized by charisma, or charismatic leadership traits, aptitude or capabilities of giving their followers individualized attention, and intellectually stimulating qualities
education and communication
commonly used where there is lack of or there is inaccurate information
participation and involvement
initiators face a lack of information for the change, and other participants have the power to resist the same
facilitation and support
where the situations show adjustment issues
manipulation and cooptation
often the quickest and most inexpensive solution when there is resistance
explicit and implicit coercion
may put the senior managers or initiators at risk, but is essential for promo execution
(POLC) planning, organizing, leading, and controlling
functions of management systematically address the comparative advantage traits pf enterprises
top-level managers or senior executives
are responsible for the overall management of the organization; establish high performance standards, institutionalize a set of norms and values, create the corporate purpose and ambition
middle-level managers
report to the top-level managers and are located in the middle layers of the hierarchy; develop individuals and support their activities, link dispersed knowledge and skills across diverse units, manage the tension between short-term purpose and long term ambition
frontline managers
supervise the operational activities and are also called operational managers; create and pursue new growth opportunities, attract and develop resources, manage continuous improvement within the unit
top-level managers or senior executives
establish high performance standards, institutionalize a set of norms and values, create the corporate purpose and ambition
middle-level managers
develop individuals and support their activities, link dispersed knowledge and skills across diverse units, manage the tension between short-term purpose and long term ambition
frontline managers
create and pursue new growth opportunities, attract and develop resources, manage continuous improvement within the unit
ACT
analyze your situation, choose your best strategy, track your choice
technical skills
aptitude to perform specialized tasks involving particular methods or processes
conceptual and decisional skills
facility to identify and resolve problems for the benefit of an organization and its members
interpersonal skills or people skills
talent to lead, motivate, and communicate effectively with others, often identified with top-level managers
management
process of working with people and resources to accomplish organizational goals effectively and efficiently
effectiveness
organizational goals are achieved
efficiency
goals are achieved with minimal waste of money, time, materials, and people
case method template
academic tool for business courses; also used to teach decision-making stages