Synthesis
Managers has a significant role in the success of the every business. The
leadership style you imposed has a significant impact on the performance of the
employees. Managers are the one supervise the overall process of production and
planning of the business in order for it to accomplish its goal. I learned that the way
the managers mobilized its people contribute on the unity of the employees and
how it will stabilized its labor forced. It should be noted that there are 4 forces of
production,
we
have
the
land,
labour,
capital
and
entrepreneurship.
Entrepreneurship would never took place if there is no available people to work
with them. It is the role of the manager to use the resources efficiently and
effectively so that the business will earn higher profit and adhere in the ethical
standard and it includes its employees. In addition, I also learned that in order for
managers to help the business grow they should understand the principles of
managements especially the required skills they need to possessed. As the control
head of the business, managers should understand the concepts of the changing
market. Thus, managers need to establish a healthy working environment so that
the business can offer best products for its customer. If the management has a
diverse culture and is still open for creativity and opportunities the employees will
be motivated to fulfil their work. Just like in the story of Henry Ford, where he
motivates his employees by visiting their families and listen to their stories.
Managers/owners must coach and mentor their employees so that they can give
their commitment and loyalty to the company. It is good for the business to this
have this consolation for the sake of getting the knowing the ideas and sentiments
of the employees and used it to develop best products to offer in the market,
Furthermore, I realized that the introduction, constraints, challenges and
history of management made me appreciate the role of the managers to create a
conducive working relationship both between the management and employees.
They have this critical role to adapt in the changing trends affected by both internal
and external forces. They are the one supervise the innovation of the business just
to break the status qou. Even before in our history, the concept of management
has been useful in doing the best works that can maximize the outputs and
minimizes the resources being used. It made me realized that this could be
possible if the management utilized its diverse workforce, hire best people and give
those best rewards for their hard work. The business can survived drastic changes
in the market if there is a bureaucratic management. Every employees should have
a clear understanding on the chain of command, discipline and awareness on tee
mission, vision and goal of the business. Employees should be trained to address
the current trend or issues for them to solve the problem creatively. They should
be taught how to cope with the uncertainty bought by the complex environment so
that the effectiveness of the business will not be affected. Lastly, I realized that it
is better to let the employees work with their team and allow them to have
democratic relationship with their colleagues in order for them to get different ideas
they can used to formulate best strategy for the company. We should always note
that two is better that one to keep the business have its continuous progress in the
industry.
Application
As a Master in Business Administration student and a young professional,
the concepts and principles of managements help understand that business is all
about strategy and working with a team is the ideal way to achieve success. The
knowledge that I learn from the three (3) topic can be beneficial to me because it
gives me new perspective on how business can attained it overall goals. With this,
I intend to use my understanding to my students who are currently studying about
organization development. As a future HR managers, my students can used this
concepts that I learned about management and the people behind it. As an
instructor, it is important to equip myself with knowledge on how to help my
students comprehend that business will not run without the right employees who
will support them. I intend to use this to motivate my students to be a good leader
and have a democratic leadership style to increase the productivity of it
subordinates. Moreover, aside from the theories and basic knowledge that I learn,
I intend to use the practical advice about establishing our own business rather than
to live pay check to pay check. I should consider that the fundamental notion of
entrepreneurship is to provide employment and economic development. It is good
to tell to the young ones including myself to engage whether it may be small or big.
Success starts in a humble beginning and ends with growth. All the principles and
critiques about management is useful to me because I can used it in my work, on
how to be flexible, creative and discipline. I can give importance on the ideas
imparted by my colleagues and I will make sure that I will be efficient and effective
employee and a business owners someday.
References
Abbamonte, K. (2014, September). Useful Business Lessons from Henry Ford,
History's Best Entrepreneur. Retrieved from
https://grasshopper.com/blog/useful business-lessons-from-henry-fordhistorys-best-entrepreneur/#
Ahmad, N., Zainal, A., & Abidin, N. Z. (2020). Principles of Management (1st
ed.). Pahang Darul Makmur, Malaysia: UCYP Press.
Learning, N. (2022, June 17). Bureaucratic management: Introduction. Retrieved
from https://noteslearning.com/bureaucratic-management/