...Common Principles and Practices Used to Successfully Manage the 21st Century Technology-Intensive Organization. VIJENDRA KALYAN CHAKRAVARTHI NANDURI CWID: 50116137 Assignment #1 TMGT 599 01W Management of Technology in Organizations Presented to: Dr. Jerry D. Parish, Professor of Technology Management October 8 Abstract Effective use of Technology provides a competitive edge. Technology is a means, not an end. People are the most important resources. Most projects fail due to poor management. The lessons learned from the traditional business management practices and principles which lead for the today’s technology – intensive organizations are * Imbalance between technology generation and technology diffusion in the Industries * Requirements of international facility location and technology transfer * Technology will be useful only when it is used. * More emphasis needs to be placed on adoption, adaptation, and exploitation of technology. Technology refers to the theoretical and practical knowledge, skills, and artifacts that can be used to develop products and services as well as their production and delivery systems...
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...System, Total Quality Management, Six Sigma And Related Enterprise Process Improvement Methods Kirkor Bozdogan Center for Technology, Policy and Industrial Development Massachusetts Institute of Technology Cambridge, MA USA 02139 Tel. 617 253-8540 bozdogan mit.edu ESD-WP-2010-05 August 2010 esd.mit.edu/wps ESD Working Paper Series Towards An Integration Of The Lean Enterprise System, Total Quality Management, Six Sigma And Related Enterprise Process Improvement Methods Kirkor Bozdogan Center for Technology, Policy and Industrial Development Massachusetts Institute of Technology Cambridge, MA USA 02139 Tel. 617 253-8540 bozdogan mit.edu ESD-WP-2010-05 August 2010 esd.mit.edu/wps TOWARDS AN INTEGRATION OF THE LEAN ENTERPRISE SYSTEM, TOTAL QUALITY MANAGEMENT, SIX SIGMA AND RELATED + ENTERPRISE PROCESS IMPROVEMENT METHODS Kirkor Bozdogan # Center for Technology, Policy and Industrial Development, Massachusetts Institute of Technology, Cambridge, MA USA 02139 August 5, 2010 Key Words: Lean manufacturing; just-in-time-production (JIT); Toyota Production System (TPS); lean enterprise system; total quality management (TQM); six sigma; lean six sigma; theory of constraints (TOC); agile manufacturing; business process reengineering (BPR); enterprise change and transformation; evidence-based management practices Abstract: The lean enterprise system, total quality management, six sigma, theory of constraints, agile manufacturing, and business process reengineering...
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...Current Environment Elite family businesses with investment management focus in diverse sectors (securities and capital markets, communities’ development and management, manufacturing, Trading, and oil and Gas) with a commitment to contribute to the economy of the country. A highly dynamic, growth oriented, federated organization where daily changes in business interests, processes and key personal is a business norm. Internal regulatory requirements are the presentation of quarterly enterprise performance reports to the shareholders for a portfolio of 5 holding companies, where each holding has several operating companies, investments and joint ventures. A second requirement is the development of monthly performance reports to the boards of the 5 Holdings where strategic decisions are based. External requirements are mainly the exchange of data with financial institutions and prospect partners as needed. A business challenge in aggregating data from diverse systems, highly manual processes and shortage in skilled resources, slow adoption of business processes automation, and minimal internal analysis due to excessive time needed to produce consolidated reports. Budgeting and distribution of capital is managed centrally. Due to the nature of the shareholders, financial information security is fundamental in any process. Industry Trends 1. Enterprises are widely adopting Enterprise performance management systems with focus on planning, budgeting and forecasting;...
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...VALUES IN AN ADVANCED PERSPECTIVE OF TOTAL QUALITY MANAGEMENT Author: Salvatore Moccia Universidad de Valencia Abstract Purpose: The purpose of this paper is to analyze the relation between personal values and the principles of Total Quality Management and thus to propose a tentative framework of relationships. Design/methodology/approach: The paper is conceptual. It reviews some lists of values present in literature, and summarizes them in a more comprehensive list. Then it follows the definitions of these values according to some philosophical models, and the analysis of their implications in the business life in general. Thus, tries to explain the relation between them and the principles of TQM, passing through the two mediating variables passion and trust. Findings: A model of quality management based on personal values is proposed. Research limitations: The lack of empirical data that can validate the model, and the lack of specific hypothesis of investigation. Practical Implications (if possible): Considering the emphasis placed on personal values, the model can have some practical implications in the field of recruitment, promotion, and leadership. Originality/value: The model fills the gap between personal values and the principles of Total Quality Management, being the first attempt to present a comprehensive model of interactions. A novel framework that can provide a basis for further research into the profound nature of quality management has been proposed. Furthermore...
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...Corporate Governance 2. Governance makes a Difference 3. Failures of Corporate Governance 4. Failures in Major companies 5. Reform of Corporate Governance 6. Conclusions 2. Question 2 1. Introduce to Cadbury Report 2. Conclusions 3.0 References Question 1 Based on the above it has been stated that “the problem is not a failure to comply with rules but a failure in governance practice”. Do you agree and why? (10 Marks) Introduce to Corporate Governance Corporate governance looks at issues pertaining to transparency, integrity, effectiveness and accountability in the management of the affairs, and all other activities of an organization. Management is concerned with the company’s operations, functions and financial performance; hence, corporate governance aims to involve the quality assurance of the operation of the board itself. The concern is for the welfare, good performance, corporate ethics and morality, as well as social and public responsibility for the good corporate citizenship. Corporate governance also involves in system to ensure that the organization’s obligations to its major stakeholders. The relationship among the many stakeholders and the way of corporation is directed and governed is therefore created. Stakeholders might include customers, employees, creditors, suppliers and distributors, the community and the owners at large. The principle stakeholders are the board of...
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...SCHOOL OF CONTINUING AND DISTANCE EDUCATION DEPARTMENT OF EXTRA MURAL STUDIES MASTERS OF ARTS IN PROJECT PLANNING AND MANAGEMENT LDP 607: PROJECT TOTAL QUALITY MANAGEMENT TERM PAPER: ADOPTION OF TQM IN PROJECT ORGANISATIONS IN KENYA SUBMITTED BY: MARK NDIRANGU IRUNGU L50/76218/2014 On: 24TH April 2015 Assignment Submitted in Partial Fulfillment of the Requirement for the Award of Master of Arts In Project Planning and Management in the Department of Extra-Mural Studies University of Nairobi TABLE OF CONTENTS 1. ABSTRACT 2. INTRODUCTION 3. ORIGIN OF THE QUALITY MOVEMENT 4. EVOLUTION OF TQM 5. THE CONCEPT OF INNOVATION, DIFFUSION AND ADOPTION IN MANAGEMENT 6. IMPLICATIONS FOR TQM ADOPTION IN ORGANIZATIONS 7. A CASE OF KENYA WILDLIFE SERVICES 8. A CASE OF THERMAL POWER PLANTS IN KENYA 9. CONCLUSION 10. REFERENCES Abstract In the global marketplace, there is increasing competition among producers and marketers of goods and services, so that the focus for competitive advantage has come to be on quality. An attempt to improve quality in organizations has led to the advancement of the management philosophy called total quality management (TQM). The service sector is getting competitive every day. In order to be successful Quality Management (QM) practices ought to be the integral part of any organization’s strategic management. Kenya’s national parks form the pillar of the country’s tourism industry. Over one...
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...Part of Cobit 5 is to align IT related goals to the Enterprise Goals. One of the goals explicitly states:” Delivery of programmes delivering benefits, on time, on budget, and meeting requirements and quality standards” P15. 13. Managed business change programmes • Number of programmes on time and within budget • Percent of stakeholders satisfied with programme delivery • Level of awareness of business change induced by IT-enabled business initiatives 14. Operational and staff productivity • Number of programmes/projects on time and within budget • Cost and staffing levels compared to benchmarks 15. Compliance with internal policies • Number of incidents related to non-compliance to policy • Percent of stakeholders who understand policies • Percent of policies supported by effective standards and working practices P121 P23 of itil 3 vs cobit 4.1 COBIT 5 COBIT 5 provides a comprehensive framework that assists enterprises to achieve their goals and deliver value through effective governance and management of enterprise IT. •COBIT 5 helps enterprises to create optimal value from IT by maintaining a balance between realising benefits and optimising risk levels and resource use. 5 Principles to build an effective framework to practise governance: Meeting stakeholder needs Covering the Enterprise End to end Applying a single integrated framework Enabling a holistic approach Separating governance from Management 7 Enablers to optimise information...
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...LEG 505 ASSIGNMENT 5 To purchase this visit here: http://www.activitymode.com/product/leg-505-assignment-5/ Contact us at: SUPPORT@ACTIVITYMODE.COM LEG 505 ASSIGNMENT 5 LEG 505 Assignment 5 - Recommendations to Manage Common Compliance Issues A guide to best practices for contract administration•Refer the following resources to complete this assignment: (http://www.acquisition.gov/bestpractices/bestpcont.html) As the Contract Officer, you know it is time to assemble a team to manage compliance of the contract. Create a PowerPoint presentation based on the scenario you created to bring the team you have assembled up-to-date on what has occurred thus far. Prepare a twelve to twenty (12-20) slide PowerPoint presentation with speaker notes in which you: Analyze the importance of roles and responsibilities of contracting officers and administrators. Identify the various options of administrative and judicial processes available and select the appropriate process to resolve the dispute. Analyze the importance of improving methods of creating contract schedules and using a compliance matrix in government contract situations. Present ideas for brainstorming with your team in order to develop a policy that explains the role the Contract Officer should have played in the dealings between the government and the contractor, from the time the contract was awarded through completion of the work. Recommend three (3) best practices (one [1] from each section...
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...TOTAL QUALITY MANAGEMENT OF LA PRIMERA POLLO INCORPORATION (LPPI): A PROPOSAL Chapter 1. THE PROBLEM AND ITS BACKGROUND Introduction In such a competitive environment resulted from world globalization and liberalization, firms survive with much difficulty unless they create the competitive advantage over their competitors (Adam et al., 2001; Samson & Terziovski, 1999; Terziovski & Samson, 1999). With the increasing competitive, business survival pressure and the dynamic, changing customer-oriented environment, total quality management (TQM) has been recognized as one of the important issues and generated a substantial amount of interest among managers and researchers (Ahire et al., 1995; Benson et al., 1991; Flynn et al., 1995; Powell, 1995; Samson & Terziovski, 1999; Sousa and Voss, 2002; Terziovski & Samson, 1999). Since 1980s, TQM has been regarded as one of effective ways for firms to improve their competitive advantage (Kuei et al., 2001). Leading pioneers in the quality area, such as Deming (1986) and Juran (1993), asserted that competitive advantage can be gained by providing quality products or services. Additionally, Eng and Yusof (2003) argued that quality holds the key competitiveness in today’s global market. In addition, TQM has widely considered as an effective management tool to provide business with stability, growth, and prosperity (Issac et al., 2004). The benefits of quality improvement can not only be reflected on decreasing costs, but...
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...Reporting Practices and Ethics Paper Margaret Rovaris HCS/405 July 27, 2015 Terri Andrews Reporting Practices and Ethics Paper All businesses have their certain reporting practices and ethics standards within their company. It is mandatory for them to have standards on how they will conduct their business in order to be successful. It is the same for the healthcare organizations. The healthcare finance manager should be very knowledgeable of the general financial ethical standards so their business can keep a positive reputation. In the United States there are generally accepted accounting principles (GAAP) that businesses must abide by. This determines how accountants conduct and format their reports in house and to others. Since these reports will be seen by others that are outside of the business, the FASB made it easy for everyone to understand it. If every company had their own way of methods for their accounting reports comparing financial statements would not be accurate and it will be easier to hide information. One of the key ethical standards for a business is that their accountant must have competence. “To be competent, accountants and professionals must not only have secured education and practice that prepares them for their position, they must also continue that education by learning new information that can affect their practices”. (Morley, 2015. Pg. 1, Para. 3). Objectivity is another principle that an accountant must have. AN accountant may...
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...Explaining Basic Accounting Concepts and Business Structures ACC/537 Dec, 5, 2011 Explaining Basic Accounting Concepts and Business Structures The purpose of the paper is to explain basic accounting concepts and business structures. This paper covers four topics, which include the following: 1. Identify and describe the sources of generally accepted accounting principles (GAAP). 2. Describe effective accounting information using the qualities of accounting information. 3. Describe how an accrual-based accounting system is different from a cash-based of accounting 4. Describe the types of business structures and the defining features of each structure. The Sources of Generally Accepted Accounting Principles There are four categories in the house of GAAP, Category A through D. They are also in the order of the hierarchy. There are three major sources of GAAP in Category A. They are Financial Accounting Standards Board (FASB) Standards, Interpretations, and Staff Positions; Accounting Principles (APB) Opinions; and American Institute of Certified Public Accountants (AICPA) Accounting Research Bulletins. They are most authoritative pronouncements. Category B includes FASB Technical Bulletins which is no longer issued, AICPA Industry Audit and Accounting Guides and AICPA Statements of Position. Category C has FASB Emerging Issues Task Force and AICPA AcSEC Practice Bulletins. Category D has the least authoritative pronouncements: AICPA Accounting interpretations...
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...Entrepreneurial Leadership Dorothy M. Oliver Professor Marietta Lewis Contemporary Business 508 January 23, 2012 Abstract Entrepreneurial Leadership Introduction (5 or 6 sentences) Profit-Oriented Entrepreneurial Martha Stewart, born Martha Kostyra, by all accounts is now living the American dream. Born to a middle class family and is now rich and successful. In 1997, she created Martha Stewart Living Omnimedia (MSLO). Omnimedia includes many of her ideas and projects. She can be found on tv, radio, in print, and of course the web. Martha Stewart has an autocratic leadership style. It’s the style in which she dictates exactly what her employees are to do and how they do it. She pays great attention to minute details and is known to be very demanding. Some might say, she rules with a no nonsense attitude. Top business leaders like Martha Stewart are known for five major business principles. The first business principle is to pursue your purpose with passion. Martha’s life is centered on MSLO. The second principle is to practice solid values. Her company is about quality products for an improved lifestyle at great value. The third principle is to lead with your heart as well as your head. Martha view people as a commodity. The fourth principle is to establish connected relationships. She remained loyal to Kmart ant even helped them emerge from Chapter 11. The fifth principle is to demonstrate self-discipline. Martha has an unwavering focus on her products and consumer...
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...------------------------------------------------- Quality Focus Paper Just-in-Time Production and Lean Manufacturing Keller Graduate School of Management Spring Semester, May 2010 Session GM588: Managing Quality (online) Instructor: Robert Lee 5 June 2010 Table of Contents I. Introduction 3 What is it? 3 Background 5 History 7 II. Literature Review 9 Significance in Practice 9 JIT and Lean Thought Processes 10 JIT & Lean Thinking – General Principles 10 Advantages/Benefits of JIT/lean 10 Major Advantages/Benefits of JIT 11 Major Advantages/Benefits of Lean Productions 11 Relevance of JIT/lean in Today’s Businesses 11 Mistakes of Implementation 13 Additional Challenges 13 III. Demonstrations and Applications in the Business World 16 Survival Strategy for Business 16 List of Companies that use JIT/lean production techniques 18 Best Practices & Successful Implementation 18 IV. Conclusion and Reflection 20 References 22 Introduction * What is it? Just-in-Time (JIT) production is a set of principles applied to manufacturing and inventory to control the purchase of materials to produce units on a need-basis. JIT is set on the philosophy that controlling raw materials purchased for production to bring them into the manufacturing process as they are needed leads to cost savings and production efficiencies. JIT focuses on realizing that holding little or no inventory has economic and quality values for the organization. Manufactures receive...
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...Principles of Knowledge Engineering and Management (ISE531) Managing Knowledge Processes Prof. Benny Cheung Department of Industrial & Systems Engineering 1 Principles of Knowledge Engineering and Management (ISE531) Learning Objectives •To familiarize with knowledge processes such as knowledge creation, knowledge acquisition, knowledge transfer, sharing and retention •Knowledge transfer methods and how to support effective knowledge sharing •To understand how to develop culture for knowledge transfer •Various techniques for knowledge retention such as after action review, etc. •To understand knowledge validation process •Metrics for measuring the outcome of knowledge processes 2 Benny Cheung Principles of Knowledge Engineering and Management (ISE531) The Knowledge Processes •Knowledge consists of patterns of information in form of rules, applicable to explain or predict phenomenon (e.g. apple drops due to gravity). •Knowledge processes are what individual and collective use to produce, transmit, acquire, store and use knowledge. •Knowledge management deals with knowledge processes and a knowledge environment. •There are a number of primary knowledge processes which are: •knowledge production (or creation or generation) •knowledge acquisition •knowledge sharing •knowledge retention •knowledge validation •knowledge transfer (or diffusion). Benny Cheung 3 Principles of Knowledge Engineering and Management (ISE531) Knowledge Production •Knowledge...
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...Sauer a,*, Blaize Horner Reich b b a Fellow in Information Management, Saıd Business School, University of Oxford, Egrove Park, Oxford OX1 5NY, UK ¨ Professor, Segal Graduate School of Business, Simon Fraser University, 500 Granville Street, Vancouver, BC, Canada V6C 1W6 Received 12 August 2008; accepted 19 August 2008 Abstract This paper contributes to the rethinking project management agenda in relation to the information technology (IT) sector. Our analysis of the evolution of thinking and practice among leading IT project managers across four countries elicits nine principles and four personal qualities that constitute the core of a mindset that facilitates rethinking the practice of IT project management. We compare this with the Rethinking Project Management research agenda [Winter M, Smith C, Morris P, Cicmil S. Directions for future research in Project management: the main findings of a UK government-funded research network. Int J Project Manage 2006;24(8):638-649.]. Our contribution is to (1) validate the directions defined in that agenda; (2) identify elements not incorporated in it and (3) provide examples that crystallise the agenda for the domain of IT project management. Ó 2008 Elsevier Ltd and IPMA. All rights reserved. Keywords: Project management; Information technology; Research; Frameworks; Mindset 1. Introduction1 A recent study, called Rethinking Project Management [1–5] has highlighted the need for a fundamental re-appraisal of project management...
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