...Managemet Figure 1 Some critical job skills of today's managers are the ability to work under pressure, manage people, manage conflict, manage crisis, motivate people, and intuit answers. Many people work under their supervision and look to them for guidance, so these are the skills which are needed in order to carry the different operations of the business. According to Lawrence S. Kleiman, in order to operate successfully at the top managerial level, managers should have a broadened understanding of how competition, world economies, politics, and social trends affect organizational effectiveness. Managerial skills include conceptual skills, interpersonal skills, and technical skills. These three managerial skills are used by different managers in different degrees. Successful managers usually display more conceptual than technical skills. They have to continuously think about the company's goals and objectives and how they can be effectively communicated to employees. Middle Level Management Middle management is the intermediate management level accountable to top management and responsible for leading lower level managers. Image of Middle managers fig. 1 Middle managers Middle management is the intermediate management of a hierarchical organization, being subordinate to the senior management but above the lowest levels of operational staff. Key Points Middle management is the intermediate management of a hierarchical organization...
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...Japanese tends to prefer quality over low prices, which constrasts with Walmart core value as Wal mart's motto is Every Day Low Price. Also, Japan is a small country with limited spaces, which has several implications for Walmart. Small housings and apartment sizes, with high rent prices means that Japanese would need to minimize their purchases. Japanese are having trouble with lack of storage room to store purchases. For example, a typical apartment in Japan would be 1 room apartment with Living, Dining, and Kitchen area. A normal size of Japanese apartment are an average of only 27,55 sqm. Japanses likes to make several small purchases frequently. They minimize purchases, they would make their purchases several times a week, in small quantities. This means that stores would have to be readily available within reasonable distance, and bulk purchasing is discouraged. Compared to Walmart usual practice of centralized, big stores, with bulk purchasing to save costs, a neighborhood convenience store would be more suitable for the Japanese people. Japanese have high operating costs, especially because of the prices of rent and buildings in general. An average commercial land prices in Japan is 156,857 Yen (USD 2,017)/sqm, with average commercial land price in Tokyo reaching 1,551,400 Yen (USD 19,956)/sqm, followed by Osaka with average commercial land price of 493,700 Yen (USD 6,360)/sqm. I suppose it is very expensive compared to the U.S. They are also inability to apply original...
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...Origin of The Report: In this chapter we tried to describe the origin of the report, objective of the report, scope and limitations of the report. Objective of The Report: The BBA Program under the department of finance offers a course named “Management (F-108)” which requires submitting a report on a specific topic determined by the course instructor. The report under the headline ‘Whirlpool Corporation’ has been prepared towards the purpose. Objective of the report: There are several objectives to conduct the study which are: To Provide an overall information about the whirlpool company To provide the position in the BCG Matrix To analyze the SWOT of the organization To give an economical analysis. Methodology: To prepare this report we mainly depend on the primary data. But also take some help from our seniors. Process of collecting secondary data: We went to our senior to know about the procedure of making a good report. Then we ask for advices that should be followed to collect a standard data. Process of collecting primary data: Primary data are collected from the following sources: We collected our necessary primary data by the help of internet. Here the web address of Whirlpool proved to be very helpful to us. Reasons for collecting primary data: It is not possible to complete the report with the secondary data. To cross checking the secondary data couldn’t be possible without using primary data. Scope of The Report: Everything has some advantage...
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...Q5. Give four reasons why a business rules approach is advocated as a new paradigm for specifying information systems requirements. Sol. The accompanying are the four reasons why business rules methodology is upheld as another standard for indicating the information systems requirements: a. Business rules can be considerd as the core concept in a enterprise as they are an expression of any business policy, and they guide the individual and the sumup of the overall behaviour. b. Business rules are considered as the core concepts in an enterprise since they are an expression of business policy, and they guide individual and aggregate behavior. Well organized rules of a business can be expressed as characteristic dialect for end clients and in a information model for system developers. c. Business rules should be expressed in the terms that are familiar to the end users. Thus, users can define and then maintain their own rules. The business rules should be highly maintainable: they will be stored inside a central repository and each rule will be expressed only single time, then will be shared all over the organization. Requirement of business guidelines can be automated by using the software that can interpret the guidelines and enforce them using the integrity mechanisms of the database management system. d. Enforcement of the business rules can be automated by using the software which can interpret the rules and implement the rules using the coupling mechanisms...
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...managemet Case Study One Research in Motion. Managing Explosive Growth. Walter Demartis. Master programme in HR Development . Department of Human and Organizational Change. The George Washington University. 1. Overview /Introduction The case is about a successful company that has to deal with the complexities and challenges of a globalized environment. The organization faces a number of SHRD issues arising from: a) the specificity of a rapidly changing industry (smartphone), b) the need to cope with significant growth through strategic and diversified sourcing and talent management and, c) align mergers and acquisitions to the HR strategy. Moreover, the growth has resulted in work pressure, which is further affected by lack of physical space and staffing needs concerns also middle management posts. The following analysis further describes the internal and external challenges. The main issue is identified and solutions proposed in the ensuing paragraphs along with an annexed action plan. 2. Environment Analysis Internally, the recent growth and external competition have impacted upon the structures, the workload, and motivation and led the company to reconsider its strategy. Externally, the industry...
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...(i)Executive Summary This project discusses the Strategic Management process which Robbins and Coulter (2007:240) define as” A six –step process that encompasses strategy planning, implementation, and evaluation”. The project is based on the strategic management of Barclays Bank. The main goal of Barclays bank is to satisfy people’s needs and offer them the best service. According to Jones and George (2008:308), the SWOT analysis is “A planning exercise in which managers identify organizational strengths (s) and weaknesses (W) and environmental opportunities (O) and threats (T)”. Strengths might include adequate financial resources, economies of scale, and proprietary technology. Weaknesses include lack of strategic direction, obsolete facilities, and lack of managerial depth and talent. Whereas, Opportunities might include the possibility of serving additional customers in the face of weakening competition, or the chance to enter foreign markets due to falling trade barriers. Threats might include the likely entry of new lower-cost foreign competitors, rising sales substitute products, and slowing market growth (Dessler, 2004). Four important features that lead to the success of Barclays bank are: High quality products, team spirit between the bank’s employees, wide spread global presence and strong management with well educated managers. Although Barclays bank is a highly qualified bank, it still lacks important services and offers like Islamic banking and Drive...
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...Introduction This paper will show how external and internal issues affect the managemet functions of the Enron Corporation. Enron’s business strategy was to control all of the enery supplies without owning all the power plants. as a substitute, Enron would use contracts to have power over the services in which other companies had invested their hard earned money. The paper will describe how the management functions which consist of controlling, leading, organzing and planning are utilizrd by Enron. Enron Corporation is the world leading electricity, natural gas, pulp and paper and communication company. Stakeholders and employees lost large sums of money in the Ernon scandel. The top exectives were able to cash out before the scandel was publizeised. Enron became known as the Enron Scandal because of a creatively planned accounting fraud. The paper will also address globalization, technology, innovation, diversity and ethics and how they affect the management functions of Enron. The paper will show how supervisors will use delegation to control the different causes and purposes listed. The Enron history is not plainly a story of a isolated business that steped into thee fire and got burned. Enron got just what they describe. Enron was able to take large chances while keeping shareholders in the dark because it could expolit accounting loopholes for subsidaries that are available to most openly traded companies. Companies like Enron can legally cover up large debts...
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...Bethany White 14468477 Events Management Managing the Environment for Tourism and Events Individual Assignment Critically examine the extent to which venues and facilities are making efforts to mitigate environmental impacts. Martin Elliot-White/Chris Phelan Word Count:1830 Mitigation refers to the reduction in emissions of greenhouse gases (Unep.org, 2015), which effect the environment, this can be achieved in several ways, such as reducing waste left after festivals or using renewable energy. These aspects will be discussed in more detail during this assignment, as well as how tourism and event managers use Limits of Acceptable Change methodology when assessing environmental impacts and how to mitigate them. Venues and facilities, such as festival destinations or stages used at the festival, within events and tourism are making efforts to mitigate environmental impacts, for example the venue should use data which has been collected and analysed to identify and evaluate appropriate measures to mitigate environmental impacts and include them when development planning (Department of Regional Development and Environment, Executive Secretariat for Economic and Social Affairs, Organization of American States, 1991). With the use of a case study, this assignment will examine the extent of which venues and facilities are mitigating environmental impacts and what...
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...businesses are re-modifying the way they transact business. Few decades ago a lot of companies went through their daily business manually. The use of manual procurement invoice, ordering, payments, catalogues, and requisitions was the order of the day. Times have changed and improved technology has changed the way businesses function. Many businesses have turned to electronic procurement (e-procurement) in the purchasing and supply of goods and services. In as much as there are many advantages ranging from cost saving, time saving and effectiveness, e-procurement also has it disadvantages; high cost of implementation and lack of readiness. More importantly a lot of businesses are not only concerned about cost saving advantage of e-procurement but also achieving high level of customer satisfaction through CRM. Electronic data interchange (EDI) enables the transfer and sharing of data and other forms of information electronically. This research paper will analyze the need for e-procurement, the IT tools and system involved, the advantages and disadvantages of e-procurement, factors inhibiting and supporting e-procurement. Questions such as: will e-procurement add value to my business? does it worth investing in? What IT tools, system and software do I need to implement e-procurement? Do I need to involve every member of my organization? will be addressed in this paper. Keywords: e-procurement, e-government, e-business, e-commerce, supply chain management, Customer relationship...
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...At the roots of globalization there are a lot of mechanisms conected with economies of scale. The higher border of demand and bigger problems with knowledge and capital using in high developed countries went far towards some solutions for easier entries to different markets. That is why countries deleted administrative and economic borders limiting competition. Free flow of information, ideas through the world, caused that some values, lifestyles, consumption models are common for some nations. That is why customers needs are higher and higher and similar (unified) – califionisation of needs. It means that consumers have a lot of information about level and style of life in the richest countries, they want the same in their mother country. That is why we have some global products for every customer (coca cola, pampers, cars). General results of globalization 1. New division of the world; - information revolution and very fast technical development, create new opportunities for developing countries, economies, companies, and people. But not every country is able to use these opportunities on the same level. It depends on the level of social-economic country’s development. It is called Triad Power: bigger technological, economic, social and cultural integration is present among three most developed regions of the world: North America, west of Europe, east and south-east Asia.- it is a center of the world. (highly educated people, good organization of their work, capital) ...
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...Companies that have been Unsuccessful because of their Refusal to Implement Project Management Student’s name Institution Introduction To begin with, the major objective of a business is to maximize profits. At the beginning or startup of a business, the owner expects that the business will earn him or her higher returns from his or her invested funds. However, this is not always the case almost businesses fail to meet this desired goal. What then are the causes of these disappointments? How can the problem be resolved? Well, project management is among the best techniques or strategies that can enable a business to attain its desired goal of profit maximization. Failure to implement project management in a business has been found to affect the performance of many businesses (Robbins & Coulter, 2005). This paper contains a detailed explanation of three companies that have been unsuccessful because of their refusal to implement project management. The three companies with some background information Alpa, MiniScribe and Panther are among the companies that have become unsuccessful due to lack of implementing project management. Beginning with Alpa, it previously used to design and manufacture 35 mm SLR cameras. It was known as among the best companies in this task. However, Alpa could not attain their goal. Not only did they fail to earn higher returns or profits but they ended up experiencing a bankruptcy something that made them to sell the company. Today, those who...
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...Organizational Behaviour (BAM – 317) Assignment Topic: * Group Dynamics with example. * Current trends in the field of organizational behaviour. Submitted to - Mr P. S. Lakhawat Submission date -: 18th March’2015 Submitted by -: Himanshu Sharan P.Id -: 12BTCSE052 Stream -: B.Tech CSE 6th Sem. * Group Dynamics with example Kurt Lewin a social psychologist and change management expert, is credited with coining the term "group dynamics" in the early 1940s. He noted that people often take on distinct roles and behaviours when they work in a group. "Group dynamics" describes the effects of these roles and behaviours on other group members, and on the group as a whole. The phrase "Group Dynamics" contains two words -: I. Group- a social unit of two or more individuals who have in common a set of beliefs and values, follow the same norms and work for an establishable common aim. The members of the group share a set of common purpose, tasks or goals. II. Dynamics- the flow of, coherent activities which as envisaged, will lead the group towards the establishment of its set goals. Group dynamics deals with the attitudes and behavioural patterns of a group. Group dynamics concern how groups...
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...makers. Decision makers could be internal decision makers and outsider decision makers. External decision makers are creditors, investors, suppliers and customers. Internal decision makers could be managers to make day to day operations. Balance Sheet reports financial position (assets, capital, and liabilities) of a company at a point of time. Assets: Assets are the economic resources controlled by the organization so that future benefits can be obtained. Assessment of assets is important to its creditors and to its owners because assets provide a basis for judging whether the company has sufficient resources available to operate the business. Typically, the assets of a company include the following: 1. Current assets (short-term): short term assets that transform into cash and within the next year or the operating business cycle of the company. a. Cash and cash equivalents: Highly liquid assets, that can be easily convertible to cash such as bonds, marketable securities. b. Short-term investments: represents the reported values of shares of other companies as investment of access cash c. Trade receivables: When a company sells it products on credit, and receives promises to get back. d. Inventories: refers to the goods which used to produced products and services on credit. e. Prepayments: Prepayments are the advanced payment of any insurance premiums that reflect future economic benefits. f. Other current assets ...
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...RELATIONSHIP MANAGEMENT 1.Abstract CRM (Customer Relationship Management), sometimes it is called customer management, customer value management, customer centricity, and customer-centric management. CRM has long been the buzzword for airlines aspiring to 'one-to-one' relationships with all customers, all of the time. Its underlying principles are well established too - those airlines that can effectively attract, serve and retain the best customers will see significant positive effects on their bottom line profitability. The deeper the relationship the airline holds with these customers, the more opportunities there will be for selling additional products and services. However, with the emergence of e-business and the 'new economy', the challenges of building strong customer relationships have become even greater. 2.Introduction The jet age and the resulting euphoria in the market have given the ultimate weapon in the hands of the marketers. They now possess many options with them to persuade the customers to buy their products and services. But also because all of these advance, the customer is no more brands loyal. The more the options they have in the market place, the less they are brand loyalist. And because of all of these, the focus of every company competing in the market place has gradually shifted from customer satisfaction to customer delight. i...
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...widely known business improvement processes for industries /organisations these days for achieving drastic results, which are majorly cost cutting, quality maintenance and time management by specializing in processes to boost performance. Nowadays, There are some industries that are even integrating lean and six sigma into a more cohesive strategy i.e., lean sigma in order to establish even more powerful and effective process which focuses at eliminating wasteful activities and retaining most of the strengths of each activity. Lean Sigma aims to combine waste eliminating strategies of Lean Thinking with variability reducing techniques of six sigma to promote growth and increase revenue from the bottom line of organisations(M. Kumara). Lean management is outlined as a consistent and a methodical approach to determining and eliminating waste through continuous improvement, flowing the merchandise at the pull of the client in pursuit of perfection. The idea of lean management was developed for maximizing the resource utilization through reduction of waste, and eventually lean was developed in response to the unsteady and ever-competitive business organisations. For organisations to face major challenges and competition can be attributed to the dynamic and fluctuating business environments. In order to survive all organizations whether production or service based ultimately depend upon their ability to consistently and incessantly address these fluctuating business environmental...
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