...| Portfolio Management | INVESTMENT PLAN | Introduction: We have been provided with €1,000,000 to invest for a client not familiar with the concept of investing in stocks or aware of the current market trends. Given his lack of knowledge, our objective is to try and ensure a good enough return on the investments we make based on a period of seven weeks. By setting up an account on Yahoo! Finance, we will monitor our investments and all results will be reported in Euros. Our Client: The different stages in the life cycle are a primary reason for investors to adapt a particular attitude towards risk and that attitude defines the whole portfolio of an investor. An investor in his mid-30s will have a distinctive attitude than someone in his mid-40s or 60s, because the needs and demands differ throughout the stages in our life cycle. Our client, in his mid-40s, is at a stage in life where his personal goals in life revolve around taking care of the family. Demands such as day to day expenses, educational expenses for his children, various insurances and bills as well as retirement contributions are examples of needs that need to be fulfilled. Due to his poor knowledge and skill concerning portfolio management, portfolio optimization, security analysis and asset allocation, he has decided to knock on our door to manage his cash. Our client would like to play it safe in order to get a return which is stressed as a preparation for a better life during his retirement...
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...Benchmarking Productivity in Nursing is Useful Benchmarking is a quality improvement tool that determines who the best is, who sets the standard, and what the standard is. There are two main purposes for benchmarking. The first is to identify best practices to be applied in measuring and improving performance in an organization. The second purpose is to seek ways to improve the delivery of service through the efficient use of staff. For health care managers who are responsible for a variable expense cost center or department, maintaining appropriate levels of productivity is one of the greatest and ongoing challenges of the management process and requires constant research and advice regarding relevant productivity standards. Comparing one’s departmental operations with other successful operations of another organization is a useful source of benchmarking data and many health care managers depend on associates or outside consultants to provide data to assist in implementing new and effective strategies to improve staff productivity. There are three sources of productivity standards. The first source is internally developed historical standards where standards are based on past performances but do not provide information about relative efficiency. The second source is engineered standards where internal staff or outside consultants conduct a study of the work environment and define normal standards of productivity. The third source is a comparative group standard...
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...Performance management is a much broader and a complicated function of HR, as it encompasses activities such as joint goal setting, continuous progress review and frequent communication, feedback and coaching for improved performance, implementation of employee development programmes and rewarding achievements. Performance management system includes the following actions. * Developing clear job descriptions and employee performance plans which includes the key result areas (KRA') and performance indicators. * Selection of right set of people by implementing an appropriate selection process. * Negotiating requirements and performance standards for measuring the outcome and overall productivity against the predefined benchmarks. * Providing continuous coaching and feedback during the period of delivery of performance. * Identifying the training and development needs by measuring the outcomes achieved against the set standards and implementing effective development programs for improvement. * Holding quarterly performance development discussions and evaluating employee performance on the basis of performance plans. * Designing effective compensation and reward systems for recognizing those employees who excel in their jobs by achieving the set standards in accordance with the performance plans or rather exceed the performance benchmarks. * Providing promotional/career development support and guidance to the employees. * Performing exit...
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...LECTURER: PROF. MADYA DR. RIZAL BIN RAZALLI NAME: ONG YUH KIANG MATRIC NO: 227806 TITLE: Benchmarking: A general review about the classification, process and pitfall of the model LECTURER: PROF. MADYA DR. RIZAL BIN RAZALLI | | | | | | Summary of selected articles Article 1 | Benchmarking: a general reading for management practitioners | Author | Sik, W.F., Cheng, E.W.L., & Ho, D.C.K. | Year | 1998 | Setting/ Place/ Sample | Management Decision, Vol. 36 Iss 6 pp. 407 - 418 | Objectives | Introduce the basics of benchmarking to management practitioners | Analysis | Classification of benchmarking, benchmarking process model, components in a benchmarking project, hints for organization to conduct first time benchmarking project. | Findings | Identify the sources of best practices as a result of assisting in promoting management perspectives and facilitating the formation of various specific goals. | Article 2 | Benchmarking the benchmarking models | Author | Anand, G., & Kodali, Rambabu | Year | 2008 | Setting/ Place/ Sample | Benchmarking: An International Journal, Vol. 15 Iss 3 pp. 257 - 291 | Objectives | To classify the fundamental benchmarking model and the unique benchmarking model, propose a universal benchmarking model which can be applied for all types of benchmarking | Analysis | Benchmarking the benchmarking models revealed about 71 steps in which around 13 steps have been addressed by many researches. | Findings |...
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...Consulting to advise CanGo administration as to the appropriate approach that is required to address various challenges that the company is confronting. This is the first of several reports. This report covers weeks one and two of the video analysis. 6 Issues Identified 1. CanGo does not have a Vision Statement 2. CanGo does not have a definite Mission Statement 3. CanGo should have had a SWOT analysis performed to identify their strengths, weaknesses, opportunities, and threats. 4. Goals and benchmarks aren't established for projects. 5. There isn't any sort of strategic planning in place for long term company growth 6. The job roles of each employee aren't defined and that results in a lack of a command structure. 6 Recommendations 1. CanGo does not have a Vision Statement CanGo has a vision that they will become the best and most secure online gaming site available for all to play their games, with friends, family, and even meet new gamers to play within a secured gaming setting. Our goals are to become the best and most used gaming site around the world. 2. CanGo does not have a definite Mission Statement Our mission is to provide a secured and safe gaming site for any person, young and old to play their favorite games alone or with their friends and family. We want to make sure that our customers are happy, safe, and enjoy their gaming experience at a reasonable price with great games to choose from. 3. CanGo should have had a SWOT Analysis performed to identify...
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...Strategic Plan: Riordan Kevin Music, John Beard, Paul Brown, Elza Milivic MGT/498 November 11th, 2013 John Hawes University of Phoenix Strategic Plan: Riordan A strategic plan is an important part of every company that helps to keep each department focused and to ensure long-term success. Ethics and social responsibility play large roles in strategic planning because these concepts are part of the foundation for the strategy and the strategy has a long-term effect on the company as well as any communities that are under the effect of these decisions. The competitive advantages Riordan possesses and careful analyzing of strategy options are important issues that must be near the forefront of the decision making process. The effect each strategy may have on innovation and sustainability in domestic and international domains will vary greatly, which means this effect will be extremely important when making this decision. Measurement guidelines are another area that will vary greatly between every situation, which can lead to difficulty in displaying the strategy’s effectiveness. Riordan has to tailor the measurement guidelines to the chosen strategy to ensure accurate measurement of effectiveness. Internal dynamics, cultural leadership, and structural leadership are important parts of the company and certain parts of the concepts will be useful in implementing the business strategy. The way these concepts influence business continuity is also under scrutiny...
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...made recommendations on each aspect for what we can do when leading a team. Analysis and Recommendations 1. Group Design When Coach P. formed two groups, each member accepted individual analysis from skills to strength. Eight best were put in Varsity team and eight worst in JV. Coach P. didn’t set specified goal for both teams. Different from JV who could easily find target like skill improvement, team performance, Varsity, which already had eight best athletes, automatically standing on high start-line, having more difficult on setting specific target by themselves. Their target was vague – since their victory was merited, waiting for coach to set a goal might be what they were thinking. Therefore, when JV team beat V team, it was unexpected for V team and blaming each other is a normal reaction for such situation. When failure came again, the trust in V team crashed. A clear task can help a group quickly into work state, find the most effective way for communication and build up trust. Although for some group, it’s better for members to find their task by themselves, it’s not guaranteed. My recommendation is providing helpful information for a group setting a goal, monitoring the process and offering help when necessary, especially for a new group. 2. Group Culture As time passed, a culture “nothing to loss” formed within JV. This culture brought a positive attitude toward mistake made in competition. Meanwhile, no opening talks in Varsity. Poking others’ fault was culture...
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...| | | |[pic] |Business Communication – SAMPLE | | |B01.2105. | | | | | | | | |Course Site found at http://sternclasses.nyu.edu | Course Overview Effective Communication is a vital component to so many aspects of business life. From investment banking to marketing, from entrepreneurship to corporate planning, understanding the techniques of business communication will be an invaluable addition to every Stern student’s portfolio of knowledge. This course is a highly-interactive and participative experience that introduces the basics of business communication strategy and delivery. Deliverables will include written documents and oral presentations based on several cases. You will present both individually and in a team and will receive feedback to improve your presentation effectiveness. In the final...
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...of 17:1. In addition to the statewide curriculum standards, the school offers special education programs and classes for the gifted and talented. As a result of the school district rankings in the student’s performance, Benjamin Franklin School has become the worst in the district which has caused stereotyping among teachers and students. Based upon strategies planning efforts to ensure the school fosters an atmosphere where all are respected, I would like to work toward creating a positive environment where students feel valued, and supported by their teacher. I will assess data to measure students learning and improve leadership skills that value every student at Benjamin Franklin School to increase achievement. The progress toward the goal will report better performance ratings. While focusing on the many challenges of becoming an administrator, I need to focus on classroom management and improving student’s motivation to learn. I will apply to a full time teaching position so that I can prepare myself fully. I am currently working with exceptional adult students on all levels and will continue to pursue a teaching position at Benjamin Franklin elementary school as a full time teacher. As a long term plan for professional growth for staff members in student achievement, management skills, and staff morale is to identify areas of strengths as well as needs in employee performance such as leadership,...
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...The management process is a series of activities in a cycle of planning and control where planning is refers to the setting of objectives for an organization and draws a line of how it can be achieved. Controlling activity itself is refers to the implementing plans by using the feedback to accomplish the objectives. In management, control system is necessary in which the activities of different divisions, departments, and sections need to be coordinated and controlled. To be specific, management control system is needed to clearly communicate the organization’s goal, to ensure that managers and employees understand the specific actions required of them to achieve organizational goals, to communicate results of actions across the organization and to ensure that managers can adjust the changes in environment. In Xerox Corporation, they are using planning process as their management control system. Al Senter, the Xerox’s Vice President of Finance in 1990 already stated that the control function must add value to the product by working with line management. Each operating units in Xerox Corporation will draw their own long term planning in order to get reviewed and feedback by the organizations. It’s important to have planning as their one of the control systems since it will set a standard of performance. By this planning process, each of the division general managers in Xerox Corporation will responsible for managing and controlling their subordinate to deliver the committed...
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...volumes change, then we will not need to change the amounts listed in the static budget (What is a Static Budget, 2013). To get the static budget for the next period, the prior year’s results can be used. For the 20X9 the 20X8 results can used as the basis for the benchmark. B. We start by adjusting the 20X8 variable costs to show the activities of 20X9. The 20X9 amounts can also be adjusted for any known price changes. 20X9 estimates Divide each variable cost by the level of of activity of 20X8, then multiply by the 20X9 level of activity. The following are variable costs incurred. Homemakers: [($60,046 / 4,312 visits) X 5,101 visits] =$71,033 Medical supplies: [($18,197 / 4,312 visits) X 5,101 visits] = 21,527 Cleaning supplies [($6,894 / 4,312 visits) X 5,101 visits] = 8,155 Transportation [($9,068 / 4,312 visits) X 5,101 visits] =10,727 The following are fixed costs incurred. For the 20X9 estimates, these costs are adjusted to show any known increases using the following Nurses: 1/3 year’s salary ($135,378 / 3) $ 45,126 2/3 year’s salary [(($135,378 105%) / 3) X 2] 94,765 $45,126 plus $94,765=$139,891 Therefore, the 20X9 benchmark and variances are 20X8 20X9 20X9 Costs Actual Benchmark Actual Variance (Difference) Nurses $135,378 $139,891 $145,019 $(5,128) Homemakers 60,046 71,033 71,500 (467) Med.suplies 18,197 21,527 21,402 125 Clean.supplies 6,894 8,155 9,216 (1,061) Transportation 9,068 10,727 11,144 ...
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...Appendix B Sample Essay Using the S.M.A.R.T. Plan for Goal-Setting Larry Elder, a popular author and host of a talk-radio program in Southern California, believes “a goal without a plan is just a wish” (Goals, 2008, para. 2). Whether you have personal, educational, or professional goals, having a well-developed plan increases the likelihood you will actually achieve those goals. One effective goal-setting plan is the S.M.A.R.T. model—an acronym for Specific, Measurable, Attainable, Realistic, and Timely. First, set a goal that is specific rather than general. “Earn a college degree,” for example, is too general. Use the six W’s (Top, 2008) to make the goal more specific: Who: Joe Student What: College degree Where: University of Phoenix Online When: By the fall of 2012 Which: B.S. in Business Administration Why: To qualify for a position in management Your goal then becomes “I, Joe Student, will earn a B.S. in Business Administration at University of Phoenix Online by the fall of 2012 in order to qualify for a position in management.” Information that is more specific helps you visualize your goal and stay on track. Second, make the goal measurable by establishing both short-term and long-term goals (Top, 2008). “Finish General Education (G.E.) requirements by the fall of 2010” is an example of a short-term goal you must complete before you can reach your final goal. Celebrating these benchmarks along the way enhances your motivation to go on. Additionally...
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...theories help us recommend solutions to fulfill the new CEO’s aim that is to make Clayton’s Paints’ more responsive to the needs of its customers and to gain competitive edge over its rival in terms of both price and quality. By understanding the concept of theories, we manage to provide reasons to endorse the proposed solutions by looking at the problems with different perspective. Some of the recommendations made to the problems are: CFT’s objectives and organization goal; standardization and relevance of new instruction manuals; importance of feedback gathering; job enlargement and job rotation; production targets setting; and using skilled worker to train another worker. Table of Content 1. Introduction 2. The Agenda 3. Scientific Management 3.1 Taylor’s Functional Foreman and The Gantt Chart 3.2 Irrelevant Manuals? The Need to Progress 4. Human Relations 4.1 Importance of Feedback Gathering 4.2 Job Enlargement and Job Rotation 4.3 Production Targets Setting 4.4 The Need For Change 5. Conclusion 6. References 1. Introduction “Productivity isn’t everything, but in the long run it is almost everything” — Paul Krugman Productivity is probably the biggest factor for organization growth and survival over time and can be rated by how much an organization’s employees produce at a period or timeframe. High productivity translates into higher profits and the potential to raise wages. Although much emphasis is placed on...
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...these factors, CA's Board of Directors has called for a 15% reduction of all costs across the company over the next 18 months. These budget cuts are in addition to a directive to increase membership in the Classic Rewards program (University of Phoenix, 2010). CA needs to develop a marketing strategy that will grow the customer base and limit expenditures. To accomplish CA's goal, leadership will employ the SMART method of setting business goals and benchmarking other successful organizations, both in CA's industry and out. The SMART method of setting business goals focuses on goals that are specific, measurable, attainable, relevant, and timely. Using the SMART method, CA will be able to set goals that are realistic and can be met. Benchmarking other companies, will allow CA to see processes currently used and adapt them to the current situation. The SMART Method The first step in the SMART method is choosing a specific goal. The more specific the goal, the more likely that CA and its employees will buy into achieving the goal. CA's Board of Directors has already created one specific goal, reducing expenditures by 15% in all areas over the next 18...
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...Energy Management – Trends towards holistic thinking in Management While the notion of thinking holistically has been around for a long time, Allan Savory is one of the first to develop a step by step process for holistic decision-making. His method can be used by individuals, families, communities, organizations, businesses, government agencies -- anyone or any group that needs to make a decision. This method first helps the decision-makers identify all the important people and resources relating to the issue at hand, especially those that are very often forgotten. The next step is to bring these elements together into a new "whole", represented by a short "statement of purpose". With this broad holistic goal in place, the group has a benchmark by which they can measure their future decisions. A subsequent testing phase reaches back to often ignored considerations to make sure that none are being forgotten. Successful energy management goes beyond simply knowing which equipment to buy and how to properly set controls. Effectively managing the energy performance of advanced education facilities requires a holistic approach. This method takes a broader perspective and looks at the whole energy management picture, including the organizational, technical and behavioural aspects. It also requires a broad organization-wide commitment to continuously looking for ways to improve. This article outlines eight key areas critical to successful energy management, using examples and case...
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