Assignment #1 Gonzales
Assignment #1 Gonzales
Assignment #1 Gonzales
OPEN UNIVERSITY
STA. MESA, MANILA
MANA 3153
Supervisory
Management
ASSIGNMENT #1
SUBMITTED BY
Bryan Gonzales
BS ENTREPRENEURSHIP 3-1
SUBMITTED TO:
Prof.Jennifer D.G Munsayac
COURSE SPECIALIST
1. From the standpoint of the supervisor, what is the significance of the
following?
Frederick Taylor
Frederick Taylor's scientific management theory, also called the classical management
theory, emphasizes efficiency, much like Max Weber's. However, according to Taylor, rather
than scolding employees for every minor mistake, employers should reward workers for
increased productivity.
"The principal object of management should be to secure the maximum prosperity for the
employer, coupled with the maximum prosperity for each employee," said Taylor. "The words
'maximum prosperity' are used, in their broad sense, to mean not only large dividends for the
company or owner, but the development of every branch of the business to its highest state of
excellence, so that the prosperity may be permanent."
Although the 14 Principles aren't widely used today, they can still offer guidance for today's
managers. Many of the principles are now considered to be common sense, but at the time they
were revolutionary concepts for organizational management.
Behavioral science
Evolving from the Decision Theory School, the Mathematical School gives a quantitative basis for
decision-making and considers management as a system of mathematical models and
processes. This school is also sometimes called, ‘ Operations Research” or “Management Science
School’. The main feature of this school is the use of mixed teams of scientists from several
disciplines. It uses scientific techniques for providing quantitative base for managerial decisions.
The exponents of this school view management as a system of logical process.
Creature of the State: This argument for government regulation of business, made prominent by
Ralph Nader and others, holds that because corporations are chartered by states, corporate
commerce should be regulated. In this view, the state charter actually “creates” the
corporation, and government should regulate the behavior of its “dependent,” the corporation.
Market Failure: The second moral argument for government regulation of business recognizes
that a free market usually enables people to do the best that can be done. On the one hand,
free markets encourage maximum efficiency. On the other hand, free markets foster
responsible conduct, and encourage the production of goods and services which are of value to
members of the community.
Rights Protection: Another “justification” for government regulation of business is the belief that
government is established to protect our fights, and that there are many rights which go
unprotected in a free market. How do we know there are such fights? Different sources for
these rights have been provided in the philosophical community.
Judicial Inefficiency: The last argument for regulation that we will consider rests on a belief in
the considerable power of the free market to remedy mistakes in most circumstances. But
advocates of regulation point to one area where this power seems to be ineffective—pollution.
Kenneth J. Arrow of Stanford University has most recently spoken about the need for regulation
to overcome judicial inefficiency. His case goes roughly as follows:
4. At the end of the day, how do you measure whether you have been
successful?
Highly motivated people often focus too much on execution without spending enough time to
think about what to execute in the first place. Being able to achieve a success metric is hard, but
knowing which metric to achieve is important.
We have a tendency to measure our success in comparison to our peers. If your friend Ashely is
making more money than you, you might feel like a failure.