Chapter 5 - Introduction to Management
Management in all business and human organizations involves the the activity of collecting people to attain or fulfill a goal. Management also consists of planning, organizing, staffing, leading or directing, and controlling an organization for achieving a goal. The person responsible for the entire organization is known as a Manager.
Below is provided an interesting list of most famous managers of present age.
- Jeffrey Immelt (General Electric): He succeeded Jack Welch as CEO of General Electrics in September 2001 and makes an incomparable impression upon GE’s culture and strategy. And he did all this for the company aftermath of September 11 attacks and shaky economic environment.
Steven Reinemund (Pepsi Co): He made soda and potato chips to be mark of success in contemporary world of corporate competition. However Steven S. Reinemund made it more of Pepsi Co Inc a purveyor of junk foods; he made pepsi to $27 billion food and beverage giant as PepsiCo adds more than 200 product variations to its global portfolio of brands.
- Anne Mulcahy (Xerox): Anne Mulcahy when joined Xerox in August 2001 then at that time company was reeling under tremendous pressure as was charges from Securities & Exchange Commission over accounting practices and the biggest problem faced by the company was in $14billion in debt. However she made sharp staff and business cuts and brought new chief financial officer and stabilized the company and put down debt to around $9.8 billion.
Phil Knight (Nike): He stared his career from selling Japanese sneakers from the trunk of his car. And took nearly 40 years to make it $12.3 billion sports conglomerate. During 1980s and 1990s he completely changed the rules of the games for sports marketing. Next he changed high performance sports gear into a fashion statement.
Chung Mong Koo (Hyundai): When in 1999 Chung Mong Koo joined South Korea’s largest car making company, Hyundai Motor Co.1999, he had not much idea about his achievements in the company and tasks to do further on. However, to the latest update to the quality he put Hundai as equivalent to Toyota.
- Robert Nardelli (Home Depot): He joined the company in December, 2000 that was heading towards a trouble. He at that time made time some decisions that were criticized at that time but are now paying off when company’s third quarter sales has jumped to 13.1%.
9. Alex Ferguson
Ferguson was made an Inaugural Inductee of the English Football Hall of Fame in 2002 in recognition of his impact on the English game as a manager.
In addition to being the only manager to win the top league honours, and the 'Double', North and South of the England–Scotland border (winning the Premier League with Manchester United, and the Scottish Premier Division with Aberdeen), he is also the last manager to win the Scottish championship with a non Old Firm team, achieving this in the 1984–85 season with Aberdeen. He is also the only manager in English football to have managed to finish in the top three league places in 20 consecutive seasons, since the 1991–92 season.
On 5 November 2011, the Old Trafford North Stand was officially renamed the Sir Alex Ferguson Stand in honour of his 25 years as manager of Manchester United. He has won 48 trophies as a manager, making him the most successful British football manager in history
Steven Reinemund (Pepsi Co): He made soda and potato chips to be mark of success in contemporary world of corporate competition. However Steven S. Reinemund made it more of Pepsi Co Inc a purveyor of junk foods; he made pepsi to $27 billion food and beverage giant as PepsiCo adds more than 200 product variations to its global portfolio of brands.
Phil Knight (Nike): He stared his career from selling Japanese sneakers from the trunk of his car. And took nearly 40 years to make it $12.3 billion sports conglomerate. During 1980s and 1990s he completely changed the rules of the games for sports marketing. Next he changed high performance sports gear into a fashion statement.
Chung Mong Koo (Hyundai): When in 1999 Chung Mong Koo joined South Korea’s largest car making company, Hyundai Motor Co.1999, he had not much idea about his achievements in the company and tasks to do further on. However, to the latest update to the quality he put Hundai as equivalent to Toyota.
Brief clip on overview of management in business
http://www.youtube.com/watch?v=aN-R_-R6mBg
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