Premium Essay

Management Module

In:

Submitted By Chuu
Words 31725
Pages 127
aCHAPTER 1 BUSINESS ORGANISATIONS
At the end of this Module the student shall be able to: Understand the various types of business organisations that can be established. Appreciate the advantages and disadvantages of each type of business Introduction A business activity is any legal activity that may be owned by one person as a sole proprietor or can be owned jointly by two or more people thereby creating a partnership. The main aim of many business operations is to make a profit either in the short or long term. A business activity is not only trading activities like the popular Kantemba business that have spread along many high ways in cities and towns. A business may be in the form of manufacturing something for sale, buying and selling for profit, providing services etc. Some examples of businesses include banking, insurance, retail trade, producing beer, providing educational services, Shoprite Chain Stores, Game stores, Internet services, tourist lodge or hotel, transport services etc. Element 1.1 Types of Business Enterprises A business may be owned by one person as a sole proprietor or can be owned jointly with another person or partner as a partnership. Another way in which a business could be owned is through the establishment of a limited liability company. A limited liability company can be privately or publicly owned. Another form of business organization could be through a cooperative society. The government may on behalf of the entire citizenry own businesses. i) a) Sole Trader Definition

This is a business owned by only one person who provides all the capital needed to set up and manage the organization and takes profit as his/her reward. The owner uses his/her labour assisted sometimes by one or two workers and/ or family members. This is normally a small business in size though it is not always small. This type of business may involve retail

Similar Documents

Premium Essay

Project Management Module Review

...Module 6 Questions 1. Discuss what needs to be done as part of closing a project. Why are these activities important? The process of closing the project includes collecting and making final payments, recognizing and evaluating staff, conducting a post-project evaluation, documenting lessons learned, and organizing and archiving project documents. These activities are important to make sure that the customer is satisfied, to gather information about how to improve for future projects, to determine whether additional opportunities are available with the customer, and to obtain permission to use the customer as a reference (Gido & Clement, 2014). 2. Discuss the internal post project evaluation process and the two types of meetings involved. The internal post-project evaluation process includes meetings with individual team members and a group meeting with the project team to gather feedback for improved future performance. The individual meetings allow the project manager to gather information and share performance appraisals describing how each team member's skills advanced while working on the project. The post-project team meeting is a time for the project manager to lead a discussion about how the team performed on the project in terms of technical competence, budget, schedule, project planning and control, risk management, customer and team relationships, communication, problem identification and resolution, lessons learned, and recommendations (Gido &...

Words: 472 - Pages: 2

Premium Essay

Principles of Management Module 1

...“Principles of Management” The McDonald’s Corporation has consistently been one of the leading corporations in America. Even though in our eyes McDonald’s was a thriving corporation, it was heading in a downward spiral on the economic side. In 2004, McDonald’s witnessed a turn around and has become very profitable since. This corporation was underwent a “surgery”, if you will. Many people were taken out, changed, and then the company came together again. There are five different facets of the functions of management. An image of this chain in shown below. All 5 of these functions were used in the rebirthing of the McDonald’s brand. This corporation has also used the value of diversity to help rebuild its brand. An excerpt from http://www.businessweek.com/magazine/content/10_29/b4187022876832.htm says the following: "The ethnic consumer tends to set trends," says Neil Golden, McDonald's U.S. chief marketing officer. "So they help set the tone for how we enter the marketplace." Golden says preferences gleaned from minority consumers shape McDonald's menu and ad choices, which are then marketed to all customers.” This goes to show that the consideration of other ethnic groups very well play a vital role in the growth of businesses. The function of management that was used the most in McDonald’s change was Leadership. This company reconstructed its leadership/administration in order to move to the level that the company has come to today. A company can very well...

Words: 367 - Pages: 2

Premium Essay

Training Module in Project Management

...Resource 11. TRAINING MODULE IN PROJECT MANAGEMENT (Created by the Institute for Development Management, Botswana for the NGO Institute, STF. (Some materials in this module have been extracted from “A Guide to Project Management Body of Knowledge, 3rd. edition, 2004) What is a project? “A temporary endeavor undertaken to create a unique product or service.” The Three P’s [pic] Working definition of project management Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. (Guide to the Project Management Body of Knowledge Project Management Institute 2004) Project Management in Your Organization • What are the current methods of project management in your organization? • What project management issues is your organization facing? Important Characteristics of Real Life Projects • Accomplish with shared resources often only available on part-time basis • Require cross-functional team work • Involve uncertainty and are subject to change during execution • Subject to specific deadlines and time and resource constraints • Project manager often lacks functional authority over team members Proven Benefits of Project Management ✓ Provides clear roles, responsibilities, activities and schedules for team efforts ✓ Includes a method for considering the consequences of decreasing or increasing funds, resources...

Words: 2885 - Pages: 12

Premium Essay

Management Information Systems Module 1

...2/15/2013 MGMT 2006 Module 1 Introduction to MIS Objective • By the end of this module you will be able to: • answer the question "What is an MIS?“ • answer the question "Why MIS?“ • distinguish between data, information, knowledge and wisdom • differentiate between Information Technology and • Information Systems • describe systems in use in typical organizations • relate information systems to strategy and • competitive advantage. What is an MIS? • An Information Systems is a system that captures, stores and processes data, transforming it into useful information. • The Information Systems exist in the context of the organization, which in turn exists within the winder environment. • Data is captured from events in and out of the organization. Information is disseminated in and out of the organization 1 2/15/2013 What is an MIS? Data • Data refers to raw facts lacking in context. – Bar code – Student ID number – Price – Telephone number – Etc. • Often times, raw data is not very useful for decision making. Data • A listing of students registered for MIS this semester . • The list only provides me with raw data. 2 2/15/2013 Information • Information can be produced from data by summarizing, categorizing, sorting and by adding context. Input Process Output Information Female Male Information Global Oil Production 3 2/15/2013 Knowledge “Knowledge is a familiarity with someone or something, which can include information, facts, descriptions, and/or skills acquired...

Words: 1056 - Pages: 5

Premium Essay

Hci Project

...Module Specifications 2014/15 Module Code: 14CSCI13H Title: Graduation Project Modular weight: 30 Examination weighting: 0 % Prerequisite modules: Any analysis, design and programming module Reassessment: No restrictions, Module Leader: ICS academic staff Semester taught: 1 and 2 Key words: Final year project, Conclusion project. Date of latest revision: May 2014 Aims The aim of this module is to allow students to develop and demonstrate their investigative and research skills and to demonstrate their analysis, design, planning, evaluation, and programming skills acquired in previous modules, by applying what they have learned to a substantial problem in Software Development. Intended Learning Outcomes On completion of this module students should be able to: Knowledge and understanding 1. Demonstrate a requisite understanding of the main body of knowledge for their programme track where applicable to the undertaken project;[3] 2. Understand any new knowledge acquired for the direct purpose of developing the undertaken project;[5] Subject-specific skills 3. Plan the development of, and progress towards, a solution to a problem, (this can include computer systems, information systems, software engineering, computer networks, embedded systems and distributed systems);[8] 4. Apply appropriate theory, practices and tools for the design, implementation and evaluation of the project showing judgement in the selection and application of tools and techniques; and to plan the testing...

Words: 584 - Pages: 3

Free Essay

Fitter Snacker

...Fitter Snacker Clients for the SAP University Alliance Prepared by: Bret J. Wagner, Ph.D. Director, Integrated Supply Management Program Western Michigan University Kalamazoo, MI 49008 Phone: 269 387-5222 Fax: 269 387-5710 Cell: 269 271-9903 e-mail: bret.wagner@wmich.edu 1. Fitter Snacker Clients There are four versions of the Fitter Snacker Database client available for Student Exercises. In this document, the term Fitter Snacker Client will be used for the completely configured Fitter Snacker company. In addition to the Fitter Snacker Client, there are three other clients that are partially configured versions Fitter Snacker Client that can be used to teach SAP configuration. These clients are copies of the Fitter Snacker Client that were made during the development of the Fitter Snacker Client. The Fitter Snacker Client was created using the Dolphin Group configuration training document as a template. While there are significant differences between the Dolphin Group (and BPI) configuration classes, these are primarily in terms of the business context, although changes were made to make sure that each company in the Fitter Snacker Client was as independent as possible. The Fitter Snacker Client represents the fictitious Fitter Snacker Company...

Words: 1653 - Pages: 7

Premium Essay

Part Two

...Part 1: Programming Solution Proposal Carl Same PRG/211 14 June 2014 Victer Echeverri Part 1: Programming Solution Proposal * Describe how you determined the problem that must be solved. The Tukwila Army recruiting center in Seattle, Washington process hundreds of applicants monthly to keep up with the demand for new recruits to the United States Army and the Army reserve. The demand for new recruits require a tremendous amount of management by the Army recruiters which is one of the reason of this proposal. This proposal will encompass all the needs of an Army recruiting center from tracking new applicants, manage prospect, and track future soldiers that are waiting to attend basic combat training. This program will also help higher echelon keep track of recruits by being able to see what each recruiter is doing in real time. The benefits of this program will increase efficiency and more reliable than using manual tracking method to keep up with future Soldiers. One great feature of this program will be sharing, it’s the concept where other recruiter will be able to see what other recruiters are working on and be able to pick up where other recruiter left off without the need of the authorization of the originator, and the originator will still receive credit for that recruit. * Describe the role of the personnel involved in the project. The complexity of this program require a group that is strong mentally, some people have a hard time working with others...

Words: 717 - Pages: 3

Premium Essay

Modularization

...increased complexity of modern technology. * The driving normative basis for the investigation is that increased modularity enables the parts of a system to be separated and combined with much greater flexibility, and that such flexibility is desirable. * What is new is the application of the idea of modularity not only to technological design but also to organizational design. * A complex modern society might be made more productive through a modular design of social and economic institutions. * In a world of change, modularity is generally worth the costs. The goal is to find the modularization that minimizes interdependencies and most cleanly decomposes the system. * Innovation that takes place through change in the modules we can call modular innovation. * Handling complex systems become easier if break them up into sub-systems. * Complex product or process composed of smaller sub-systems that can be designed independently and function together as a whole * Existing modularity in processes and products * Extension of modularity to cope with complexity or to manage costs * Modularity’s Technological dimension : design of technological object * Modularity’s Managerial dimension * Allows collaboration without trust * Allows flexible collaboration *...

Words: 2177 - Pages: 9

Premium Essay

Discussion Questions

...apparent to you that there was some groupthink going on here. Was buying an enterprise system the only option? This is not the only option to deal with the question. Firstly, as Jane Pinket, the senior VP of finance,said the BigCoSoft’s financial package is not good. Thus Jane already have another plan to deal with LargeCoSoft which financial module is top notch. So we do not need to buy BigCoSoft’s financial package. Secondly, as Joe Cole, the senior VP of human resources, emphasized that the Human Resource module of BigCoSoft’s also leaves much to be desired. Furthermore, Joe Cole just spent 12 million in the overhaul of the benefits management system. Therefore, we do not have necessary to buy their Human Resource module. Thirdly, “Enterprise systems are modular in nature,thus enabling the organization that purchase one to decide which functionalities to enable and which ones not to use.”from chapter 3 book. So I think we just buy something we need, we do not need the whole module which include some modules are not necessary. In my opinion, we can buy some parts of BigCoSoft’s module which is necessary or others company module which more suitable for us. 2. You vaguely recall this idea of best-of-breed applications from your information systems class two years ago. Could that approach work here? You can not do it. There are some reasons to refuting it .Firstly, everything are changed after two years, even if that idea was best-of-breed applications. Secondly...

Words: 303 - Pages: 2

Free Essay

Mr. Pfunzo

...FACULTY OF MEDIA, INFORMATION & COMMUNICATION TECHNOLOGY DEVELOPMENT SOFTWARE 511 Due Date: Chapters Covered: 6 MAY 2013 An overview of computers and programming Working with data, creating modules and designing High Quality programs Understanding Structure Modularization Making Decisions Designing & Writing a complete program Looping Arrays File Handling & Applications 100 DIP-DS 511 Maximum Marks: Unique Assignment Number: Background This assignment is based on the content to be covered in the first semester. Naturally all material provided or prescribed will be used. Purpose: The purpose of the assignment is to: a. Ensure that you come to thorough grip with content, in particular of the provided or prescribed material and b. Gain an in depth understanding of the core concepts and the significance of the theories discussed in the module. PC TRAINING & BUSINESS COLLEGE 1 HIGHER EDUCATION AND TRAINING FACULTY OF MEDIA, INFORMATION AND COMMUNICATION TECHNOLOGY DIPLOMA IN INFORMATION TECHNOLOGY ASSIGNMENT COVER SHEET: DEVELOPMENT SOFTWARE 511 Name of Learner…………………………………………………….… Student No: ………………………….. Module…………………………………………………………………..…Date: …………………………………….. ICAS Number……………………………………………………………..Year: …………………………………….. ASSESSMENT CRITERIA Question Number 1 2 3 4 Total Examiner’s Comments Mark Allocation 30 40 20 10 100 Examiner’s Mark Moderator’s Marks Moderator’s Comments NB: All Assignments will be handled in as it forms part of continuous assessment...

Words: 699 - Pages: 3

Premium Essay

Nothing

...ACT 388/688 MyITLab Important Information * Registration - Register at www.MyITLab.com with your access code either purchased with the textbook or online (at www.MyITLab.com). When registering for MyITLab choose MS Office 2013 and no e-text. Join our course using the course ID# provided in the syllabus. * Completing the Modules in MyITLab * Start by going under Course Materials after you enroll and log into our course. * Then to the folder Excel Modules 1 -10 and later Access Modules 11-14. * Under each module folder (#1-10 and #11-14) there are a number of links in each module. Each module provides a PowerPoint, online lecture, and e-text related to the material for that module under the folder labeled Module 1 Resources. It is RECOMMENDED that you view the PowerPoint lecture for each module and/or read the e-text. * When you are ready to begin the assessment/training for each module, just open the folder Excel Module 1: Introduction to Excel and then open the folder Module 1 Activities and then click on the assessment (e.g. "Excel Module1: Study Plan [Project-Based]: Pre-Test > Training > Post-Test"). * Each assessment has three parts: 1) Pre-test, 2) Training, and 3) Post-test. Your grade is based on your score for your HIGHEST attempt on the Post-test. * However, you have to get permission to take the post-test first. This can be done one of two ways: 1. Take the Pre-test and earn a minimum score of 70% which allows you...

Words: 714 - Pages: 3

Free Essay

It Memory Installation

...4. Locate and procure a clean and clear area to process the work order. 5. Pull cover from system and clean the unit of dust and other materials with your kit. 6. Wash and dry hands thoroughly and put on company issued static shield bracelet. 7. Carefully pull each individual RAM stick from the motherboard and place the dated hardware in the shield sleeves from your kit. 8. Clear all connections or components that may obstruct your path to the motherboard. 9. If removal of any hardware is necessary, place each component into a protective shield sleeve from your kit. 10. Unpack all memory modules one at a time for installation. “Handle memory modules with care” and “don’t stack cards or modules because you can loosen a chip” (A+ Guide to Managing and Maintaining Your PC, Jean Andrews, Ch. 7, page 293) 11. Ensure the notches in the RAM module are a match...

Words: 488 - Pages: 2

Free Essay

Yolo

...Under Question 3 select “Not at this time” 7. Under Question 4 leave everything blank 8. Under Question 5 select “Not at this time” 9. Under Question 6 select “No” 10. Under Question 7 leave everything blank 11. Under Question 8 select “Not at this time” 12. Click Submit 13. Under “Oakland University Courses” you should now see “Student and Faculty Advisor Basic/Refresher”. Click on it. 14. Under “Student and Faculty Advisor Basic/Refresher-Basic Course click “Complete The Integrity Assurance Statement before beginning the course” 15. Agree to the Conditions of use 16. Under Required Modules, click the first available link. 17. Complete the module and take the quiz (if applicable) 18. Receive at least 85% on the required quiz 19. Click “Go to the next required module” 20. Repeat steps 17-19 until all modules are complete 21. Click “Main Menu” at the top of the screen, under the “CITI Program” logo. 22. Under “Status” the “Student and Faculty Advisor Basic/Refresher course should now be marked as “Passed” with the completion date next to it. 23. Click “Print Report” 24. Save the document as a PDF 25. Send the PDF to me in an email...

Words: 299 - Pages: 2

Free Essay

Samsung

...The Meaning of Your Results – RUL Validated Programmes Total Module Mark Classification 70%+ First Class 60-69% Upper Second Class 50-59% Lower Second Class 40-49% Third Class Explanation of Codes Component Mark Schemes – Undergraduate Grade | Mark | Note | P | 40 - 100 | Pass | F | 0 - 39 | Fail | I | 0 - 100 | Incomplete with Valid Extenuating Circumstances | FA | 0 | Academic Offence (may display mark but calculated as 0) | NS | 0 | Non Submission of Work/ Failed to Attend Exam | Component Mark Schemes – Postgraduate Grade | Mark | Note | P | 50 - 100 | Pass | F | 0 - 49 | Fail | I | 0 - 100 | Incomplete with Valid Extenuating Circumstances | FA | 0 | Academic Offence (may display mark but calculated as 0) | NS | 0 | Non Submission of Work/ Failed to Attend Exam | Module Mark Scheme Grade | Mark | | Note | P | 40 - 100 | Pass (Undergraduate) | All components have met 30% and the total module mark has reached the minimum threshold of 40% | | 50 - 100 | Pass (Postgraduate) | All components have met 40% and the total module mark has reached the minimum threshold of 50% | I | 0 – 100 | Incomplete with Valid Extenuating Circumstances | Extenuating Circumstances have been accepted and resit can be taken without being capped. | FU | 0 – 100 | Fail – Universal Right to Resit | Failed component(s) in the module and therefore, have the right to resit at the next available opportunity. Resits are capped at the...

Words: 591 - Pages: 3

Free Essay

Unit 4 Labs

...Unit 4 Labs Introduction to Programming Mr. Nguyen Lab 4.1 – Pseudocode and Modules Module main ( ) //Declare local variables 1. Declare String clientName 2. Declare Real feetUTP 3. Declare Real subtotal 4. Declare Real taxCost 5. Declare Real totalCost //Module calls 6. Module inputData ( ) 7. Module calcCosts ( ) 8. Module displayBill ( ) End Module //this module takes in the required user input There will //be a display and input for each variable Module inputData (Real Ref feetUTP, String Ref clientName) 9. Display “What is your name? “ 10. Input clientName 11. Display “How many feet of UTP do you need? “ 12. Input feetUTP End Module //this module calculates subTotal, taxCost, and totalCost //you also need feetUTP passed in to calculate subTotal Module calcCosts (13. subTotal, taxCost, and totalCost) 14. subTotal = feetUTP * 0.21 15. taxCost = 0.06 * subTotal 16. totalCost = taxCost + subTotal End Module //this module displays clientName and totalCost Module displayBill (17. clientName, and totalCost) ` 18. Display “clientName” 19. Display “totalCost” Lab 4.2 - Flowcharts and Modules Lab 4.3 – Visual Basic and Modules Module Module1 Sub Main() Dim clientName As String = "NO VALUE" Dim feetUTP As Double = 0 Dim subTotal As Double = 0 Dim taxCost As Double = 0 Dim totalCost As Double = 0 inputData(clientName...

Words: 491 - Pages: 2