MANAGEMENT

STUDY
CHAPTER 2

MS. JACKIE LOU PINEDA-SANTOS,MBA

CHAPTER II. MANAGEMENT STUDY
• OBJECTIVES OF MANAGEMENT STUDY
• VISION STATEMENT
• MISSION STATEMENT
• FORMS OF BUSINESS OWNERSHIP
• CONTRACT (ARTICLES OF PARTNERSHIP, IF
APPLICABLE)
• CAPITALIZATION
• ORGANIZATIONAL STRUCTURE
• RULES & REGULATIONS OF THE COMPANY
• SANCTIONS
• HIRING PROCESS
• LEGAL REQUIREMENTS OF THE ORGANIZATION
• MANPOWER REQUIREMENTS
• LEGAL REQUIREMENTS OF EMPLOYEES
• COMPENSATION & BENEFITS

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•VISION – long term goal, nationally or
globally
•MISSION – short term goal; how to
achieve the vision
VISION STATEMENT
• A vision is more than a goal; it is the
larger explanation of why the
organization exists and where it is trying
to head. It is a powerful statement of
what the organization wants to achieve
in certain period of time.
• Follow SMART
SAMPLE…VISION STATEMENT

• “Year after year, Westin and its people will be

regarded as the best and most sought after hotel
and resort management group in North America.”
• -Westin Hotels
MISSION STATEMENT

• Mission is the organization’s reason

for existence.
• The mission describes the
organization’s values, aspirations,
and reason for being.
SAMPLE MISSION STATEMENTS

• “Our goal is simply stated. We want to be the best service

organization in the world.” – IBM
• “FedEx is committed to our People-Service-Profit
Philosophy. We will produce outstanding financial returns
by providing totally reliable, competitively superior,
global, air-ground transportation of high-priority goods
and documents that require rapid, time-certain delivery.”
• -Federal Express
• “To give ordinary fold the chance to buy the same thing
as rich people.” – Wal-Mart
FORMS OF BUSINESS
OWNERSHIP
• Nature of the
business (sole
proprietorship,
partnership or
corporation)
• State the reason
behind your choice
• Contract (Article of
Partnership, if
applicable)
• Capitalization

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 ORGANIZATIONAL
STRUCTURE

•Organizational Chart
•Simple, Functional,
Divisional & Matrix
•Full line versus
Broken line
SIMPLE ORG. CHART
FUNCTIONAL ORG. CHART
DIVISIONAL ORG. CHART
MATRIX ORG. CHART
•Rules and Regulations of the company
•Sanctions
•Hiring Process
•Legal Requirements of the organization
•Manpower requirements
•Legal Requirements of employees
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COMPENSATION &
BENEFITS
• This section must present
the details of salary PER job
title, and its breakdown.
• It should also differentiate
the difference between the
compensation for regular
and contractual employees.
• Guidelines & policies
released by the
Department of Labor &
Employment.
• How much is the
minimum Provincial Rate
inclusive of COLA (Cost of
Living Allowance) for 8
hour manual labor.
 PAYMENT OF
SALARIES
• 1. Ordinary Day
• 2. Holiday Pay
• 3. 13th Month Pay
• 4. Overtime Pay
• Schedule of Legal Holidays
• Deductions
• SSS/Philhealth Premiums (R.A. No. 1161)
• SSS Salary Loan Payments
• Pag-ibig Contributions
• Withholding Taxes
THANK YOU!