Introduction To Management: Analyze Managerial Skill of PHAM NHAT VUONG
Introduction To Management: Analyze Managerial Skill of PHAM NHAT VUONG
Introduction To Management: Analyze Managerial Skill of PHAM NHAT VUONG
INTRODUCTION TO
MANAGEMENT
Analyze managerial skill of PHAM NHAT VUONG
1
Contents
I. INTRODUCTION 3
1. Literature review 3
III. CONCLUSION 5
IV. REFERENCES 5
2
I. INTRODUCTION
The goal of this literature review is to clarify the elements that make him become a great
manager and the principles he applies to control his workflow management. First of all, a
manager is a person responsible for the work performance of group members (DuBrin, 2008).
A manager who cares about the people that they work with, being considerate of the people
that they work with, talk and listen to their team members and being motivational is a great
manager (What makes for a great manager?). Besides, they are also responsible for working
on a goal or set of goals. In this case, Vingroup has a goal to become a Group of Technology
- Industry - Trade and Service leading the region. Moreover, a great manager ought to
likewise interface with different groups in investigating and handling business troubles of
organization.
In addition, according to Andrew R. Thomas, there are 5 main principles a great manager
applies: does the right thing for the right person, sets their expectations higher than their
boss’s expectations for them, never makes the same mistake twice, goes to their boss with an
action plan, not a problem and follows up (The 5 principles of a great boss, 2019). In this
case, Mr. Pham Nhat Vuong is the founder and chairman of Vingroup so his principles are
somewhat different from usual.
3
2. Explain the manager’s roles
a. The reason why he is a great manager
In my opinion, there are 3 main principles he applies to manage others: do the right thing for
the right person, never make the same mistake twice and never stop following up.
One of the reasons that testify to the thing he does is right for the right person is choosing
women for many important positions in the management apparatus, the same with the way
Jack Ma manages Alibaba. Because “Women are Alibaba’s secret sauce, women care for
others much more than men” – Jack Ma (“Hire as many women as possible” – Jack Ma’s
secret of Alibaba’s success, 2020).
4
Sets his expectations higher than his boss’s expectations for him is one of the most factors
that a great manager should have. Because Mr. Pham Nhat Vuong is the head of the group,
his “boss” seems to be the customers. When customer needs and expectations are increasing,
his expectations must be higher than those of customers. Because when that ratio increases, it
is enough to meet the needs of customers and can develop further.
The evidence to make sure that he never makes the same mistake twice are the evolution of
the group and the success of the products. For example, Vingroup “ecosystem” such as
Vinhome, Vinpearl, Vinsmart, VinUni has become an indispensable part of life, helping
Vingroup's financial activities revenue increase by 2.6 times in Q1/2020 (Vingroup's
financial activities revenue increase by 2.6 times, 2020).
Mr. Pham Nhat Vuong – Founder and chairman of Vingroup, Vietnam's first billionaire, the
richest person in Vietnam – has an excellent contribution to the success of the organization
and the country. Thanks to his great leadership, Vinhomes is the No. 1 real estate brand in
Vietnam, VinFast expands its business in many different markets, VinEco develops across
provinces through an association model with 1,000 households. Farmers, Vinpearl has
developed into a unique "pure Vietnamese" 5-star entertainment tourism ecosystem. Vinpearl
Air was launched with the promise of becoming the sixth airline in Vietnam.
III. CONCLUSION
This report has fully analyzed the great manager’s role and principles he applies to manage
others through the observation. A great manager is one of the most important positions and
key roles of a company. It is not easy to complete these roles because in short, it is a very
intense activity and extremely time consuming. Moreover, a professional manager also needs
experience and a sensitive mind to deal with a lot of other problems.
IV. REFERENCES
5
3. What makes for a great manager? [online] Available at: https://www.greatmanager.co.uk/
[Accessed 16 Oct. 2020]
4. Thomas, Andrew R. (2019) The 5 principles of a great boss. [online] Available at:
https://www.ehstoday.com/safety-leadership/article/21920408/the-5-principles-of-a-great-
boss [Accessed 16 Oct. 2020]
6. Chiêm, K (2020) VinFast staff asked not to receive salary because of Covid-19 and Mr.
Pham Nhat Vuong's answer [online] Available at: https://ndh.vn/doanh-nghiep/nhan-vien-
vinfast-de-nghi-khong-nhan-luong-vi-covid-19-va-cau-tra-loi-cua-ong-pham-nhat-vuong-
1272324.html
7. Vieclam24h (2018) Why is Vingroup in the top 100 best workplace in Vietnam? [online]
Available at: https://vieclam24h.vn/cam-nang-nghe-nghiep/vi-sao-vingroup-thuoc-top-100-
noi-lam-viec-tot-nhat-viet-nam
9. Thành, K. (2020) In the first quarter of 2020, Vingroup's revenue from financial activities
increased by 2.6 times [online] Available at: https://baodautu.vn/quy-i2020-doanh-thu-hoat-
dong-tai-chinh-cua-vingroup-tang-26-lan-d121168.html