entrepreneurial management

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