INTRO TO PHARMAD - Management Functions: Planning and Organizing

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30 Terms

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Management Functions

Core activities of managers to achieve organizational goals.

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Managing Steps

  1. Planning

  2. Organizing

  3. Staffing

  4. Directing

  5. Controlling

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Planning

  • First step of managing

  • Establish the purpose/goals of each group

  • Deciding win advance what needs to be done

  • Projecting a course of action

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Organizing

  • Develops intentional patterns of relationships among staff and other resources

  • We establish here the scope and responsibility of each group

  • We establish hierarchy

  • Process of identifying and grouping the work to be performed

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Staffing

  • Acquiring, maintaining, retaining human capital.

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Directing

  • Managers initiating actions (to lead).

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Controlling

  • Managers control by comparing (reference) actual with desired output (like theoretical results).

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Cyrell O’ Donnel and Harold Koontz

Wrote the book “An Analysis of Manager Functions”

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Environmental Scanning

Assessing all environmental factors or all possible factors that may affect the organization’s operations.

  • ex. location, population, competitors, needs of target market

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Generics Act

RA 6675

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Steps of Strategic Planning

  1. Organizing and selecting a strategic planning team, including key stakeholders.

  2. Identifying the organization’s strategic direction.

  3. Conducting a strategic analysis.

  4. Defining major goals.

  5. Developing an action plan.

  6. Developing a monitoring and evaluation system.

  7. Communicating the plan to others.

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Organizing and selecting a strategic planning team, including key stakeholders.

Stakeholder

  • Internal Stakeholder

  • External Stakeholder

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2 Classification of Stakeholders

  1. Internal Stakeholder

  2. External Stakeholder

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Internal Stakeholder

Have direct relationship by having:

  • employment

  • ownership

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External Stakeholder

  • People affected by the organization’s business

  • Para sa kanila yung ginagawa ng organization

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Identifying the organization’s strategic direction.

  • Vision

  • Mission

  • Values

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Vision

  • Captures an organization’s aspiration

  • “Where are we headed?”

  • Creates the mental image of the ideal state of the organization

  • Looking at the bigger picture

  • Future

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Mission

  • Defines why an organization exists and its purpose.

  • “Para kanino ka bumabangon?”

  • Everyday plans

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Values

  • What values should guide the operations of our company?

  • Moral compass to do your mission to achieve your vision.

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Conducting a strategic analysis.

SWOT

  • Internal Factors

    • Strength

    • Weaknesses

  • External Factors

    • Opportunities

    • Threats

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SWOT

  • Strengths

  • Weaknesses

  • Opportunities

  • Threats

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Internal Factors

  • Has direct impact on the organization

    • Strengths

    • Weaknesses

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External Factors

  • Factors that can affect the organization

    • Opportunities

    • Threats

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Defining major goals

SMART

  • Specific

  • Measurable

  • Attainable

  • Relevant

  • Timely

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SMART

  • Specific

  • Measurable

  • Attainable

  • Relevant

  • Timely

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Developing an action plan.

5 P’s of Marketing

  1. Product

  2. Price

  3. Place

  4. People

  5. Promotion

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5 P’s of Marketing

  • Product - item/service for production

  • Price - competitive and needs to have sufficient space to generate profit

  • Place - accessibility

  • People - human capital

  • Promotion - market your product/service

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Developing a monitoring and evaluation system.

  • Need to establish your reference point (KPI - Key Performance Indicators) or standard

  • Need to have good line of communication to have feedback from managers and staffs

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Communicating the plan to others.

  • Can be through staffs or board meetings

  • Papers:

    • memos

    • announcements

    • notices

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Pharmacy Organizational Chart

  • Oldest and Simplest form of organization

    • There is linear cascade of authority.

  • Advantages:

    • Clearly defines reporting relationships.

  • Disadvantages

    • First-level managers or employees may feel that they do not have any power in improving the operation.

    • They may feel neglected.