theoretical framework of SMC's growth
San Miguel Corporation started as a small liquor brewery in Manila, but they are today one of the leading alcohol distributorsin the world. No additional company in Philippine history has developed such a rich and different product collection covering the drink, food and packaging companies as San Miguel Company
One element of San Miguel Businesses success is the fact SMC is known as a managerial enterprise that set up hierarchy of management but owners even now control or critically effect the proper investment decisions. (chandler, Daems, 1993) Chandlerian thesis of managerial capitalism prizes the strategic usage and application of learned familiarity with insider older management. The complete exploitation of accumulated expertise is critical for the continued active growth of large industrial enterprises and their great contribution to economic advancement. (Hikino, 1997) San Miguel followed fashionable of changing the management of big firms coming from personal organization to bureaucratic enterprise. Even if the company weas managed simply by one big family referred to as Sorianos for over half a 100 years, the company was capable to be successful with regards to growth, expansion, and durability because SMC is a managerial enterprise. And according to Chandler and paraphrased by simply Dosi, you will find size thresholds for the power of companies to internalize the capability of the capability of perfecting the activities of innovation, production, and advertising in complex products, in order that, other things becoming equal, " bignessвЂќ confers a gear advantage. (Dosi, 1997). Since SMC was a mega-sized firm with great size of advantage, they were able to invest in additional industries beside liquor, like ice cream, food, properties, and electricity disperse.
CHANGES IN FORM MANAGEMENT
1890-1913: Personal Capitalism
-The company was small , and there were very little employees in the past. So the owner, Don Enrique Ma Barretto de Ycaza made most decisions....