...Functional Area Relationships: Riordan Manufacturing BUS/475 – Integrated Business Topics March 1, 2010 Dr. Laura Pogue Functional Area Relationships: Riordan Manufacturing Riordan Manufacturing boasts their strategic capabilities and intellectual property strength as having the patents for major polymer material substrates. Because of these patents, Riordan is able to build unique products which create opportunity for their clients. The mission for Riordan is to be a company which pays attention to detail, practices extreme precision, and quality control. The attributes of the Riordan mission are seen throughout the processes of all Riordan projects. Careful checks and balances are placed throughout the process of generating new products which provide Riordan with the ability to create new products to meet the “unique needs” of their clientele. Riordan manufacturing exists to provide innovative products to meet customer needs. While Riordan may have started out holding patents for unique polymer processing substrates, the vision and goals did not stop there. Riordan manufacturing produces medical supplies, plastic bottles, and also owns a manufacturing plant in China which produces fans. The basic focus of Riordan manufacturing is to build a name trusted by clients to be superior quality regardless of the product. Reasons for the organization’s existence Riordan Manufacturing has 550 employees globally who are part of a Fortune 1000 enterprise...
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...Riordan Manufacturing Functional Area Relationships BUS/475 Riordan Manufacturing Functional Area Relationships Riordan Manufacturing is a Fortune 1000 corporation with profits over $1 billion. Unique items are built by the organization and keeps several patents for key plastic material substrates. The business prides itself on premium quality control of producing operations, precision production, and attention to detail. The business bills to ensure that goods are made that meet the distinctive requirements of these clients and uses thorough procedure for investigations. All products produced by the company are made to make certain client trust and superior product quality. Help the organization’s achievement and the business uses a relationship approach among many useful parts to attain organizational objectives, to make sure these high expectations are achieved. Organizational Purpose The purpose of Riordan Manufacturing will be to provide innovative and special products to meet consumer requirements and exceed targets (University of Phoenix, 2013). The business leverages intellectual property to create custom plastic pieces, plastic bottles, and fan components. Their intellectual property consists of patents for distinctive polymer processing substrates that allow the organization a strategic stronghold in the market. Goods are also supplied by the company for the Office of bottlers, Safety, and beverage producers. The goal statement of Riordan Production embodies the...
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...programs is to assess the functional areas of your life. A functional area is a set of relationships or practices, such as your relationship with your parents or your personal finances. In this exercise, you will reflect on your personal satisfaction in your life with regard to each area. Directions: 1. On a scale of 1 (lowest) to 10 (highest) rate the functional areas in terms of your current satisfaction within that area of your life. You may add more life areas in the bottom two rows. 2. After you have completed the ratings, reflect on your scoring and write your comments in the designated box. When writing think about the following: Does anything surprise you? Does it give you any insights? Are there any areas that you would like to change/grow? Do you think devoting more or less time to this functional area would change your current level of satisfaction? If so, make note of that in the 'comments' section of the sheet. Note: Not every functional area will apply to you. If this is the case, make note of that in the 'comments' section. Functional Area: | Rating 0-10: | Comments: | Education | 5 | I am happy that I have started college but now I need to keep focus and finish. | Finances | 5 | Currently employed with a job In my field of study buy with a degree, my jobs will get better and income will increase | Relationships with Parents/Siblings | 10 | My mother is my best friend and does everything she can to help me succeed. | Relationship with Significant Other...
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...Role of a Manager within the Functional Areas of Business Jennifer Nunez University Of Phoenix Role of a manager within the functional areas of business Managers in a business are the brain of the business and therefore, considered the most vital aspect of business. Managers are the coordinators and administrators of the business. For a business to succeed, managers are assigned different functions in the most vital departments of the business (Cook & Macaulay, 2013). These departments include human resource, finance, marketing and, operations. The departments oversee the critical segments of the business allowing the business to run smoothly with the help of managers who have specified roles for each department. The roles of the managers in each department are unique considering the difference in the requirements and activities of the departments. The functional areas of a business are run by managers who are responsible for all activities and provide reports to the main governing body of the business. The role of managers in all functional areas of the business is critical for the success of the business (Cook & Macaulay, 2013).. The human resource of the business is an important department because it deals one-on-one with employees of the organization. The purpose of human resource is essentially to reinforce the relationship of employees and their employers. The manager is therefore expected to foster the goal of human resource...
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...Organisational structure defines how activities such as task allocation, co-ordination and supervision are directed the achievement of organisational aims – shows the organisation hierarchy. Organisational structure is important as it provides a guideline to employees by laying out the relationships that oversee the workflow of the organisation. This means that it establishes the effective lines of control and communication. (Ingram, 2015) It is also important because it helps an organisation make decisions. Most businesses have either a tall or flat organisational structure that influences decisions being made. Larger businesses such as Sainsbury’s have a tall organisation structure because they are lots of different layers of management and many people who need to be organised. However, smaller business such as Huddersfield New College and a pub have a flat organisational structure because they are less layers of management and less people who need organising. Both tall and flat organisation structure have span of control which refer to the amount of people one person has to take responsibility for i.e. someone in a tall organisational structure has a narrower span of control then someone in a flat organisational structure because different managers for each group of worker. The advantages of a tall organisational structure is that there is clear management structure. Another advantage of the tall organisational structure is that each layer is a clear and...
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...The Functional Areas of Business Management 521 March 4, 2013 Abstract Companies are formed [The passive voice is a form of "be" (are) and a participle (formed). Over-use of the passive voice can make paragraphs officious and tedious to read. Prefer the active voice. For example, passive voice = The paper was completed on time. Active voice = the student completed the paper on time. See Center for Writing Excellence > Tutorials & Guides > Grammar & Writing Guides > Active & passive voice] in different ways. There are small businesses with no definite functional areas because the owner performs almost all the tasks. When the business expands, it is necessary to have specialized department or functional areas. Functional areas are structured [Passive voice ] by different departments with different tasks and responsibilities. These functional areas are group of employees with diverse skills and expertise. Functional areas may include client service, operation, finance, human resources, marketing, and administration and [in academic writing, if this is a series, place a comma before the final conjunction (and)] IT support. These functional areas leads to more well organize business practice. ...
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...Functional Areas of Business How often do managers fail? Statistic shows that 50% or more of middle managers fail to achieve the expectations of those who promote them (Business Know-How, 2014). It is apparent with statistic like this it is a difficult job to be an effective manager. Many managers assume that managing a business is just an extension of managing themselves and their personal lives. In fact, becoming a successful manager requires personal development, as well as, a desire to learn and such a transformation does not occur overnight. A manager who wants to advance in the organization must also acquire knowledge of certain functional areas of business. Having a clear understanding of these functional areas enables a manager to make comprehensive business decisions. In this paper different functional areas of business will be identified. In addition, the role of a manager within these functional areas will be analyzed. What does the term functional area of business mean? All successful businesses must operate a number of functions to ensure the business runs smoothly, and these functions link to the goals and objectives of the business. “In large, organizations employees are arranged into departments specializing in certain tasks. These tasks are considered functional areas” (Slide Share, 2014). There is no fixed rule in determining what main functional areas of business are. However, successful structured organizations incorporate the functions listed...
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...The Functional Areas of Business Management 521 March 4, 2013 Abstract Companies are formed [The passive voice is a form of "be" (are) and a participle (formed). Over-use of the passive voice can make paragraphs officious and tedious to read. Prefer the active voice. For example, passive voice = The paper was completed on time. Active voice = the student completed the paper on time. See Center for Writing Excellence > Tutorials & Guides > Grammar & Writing Guides > Active & passive voice] in different ways. There are small businesses with no definite functional areas because the owner performs almost all the tasks. When the business expands, it is necessary to have specialized department or functional areas. Functional areas are structured [Passive voice ] by different departments with different tasks and responsibilities. These functional areas are group of employees with diverse skills and expertise. Functional areas may include client service, operation, finance, human resources, marketing, and administration and [in academic writing, if this is a series, place a comma before the final conjunction (and)] IT support. These functional areas leads to more well organize business practice. ...
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...Functional Areas of Business Barbara Butkiewicz MGT/521 June 6, 2014 Rodney Klein Functional Areas of Business Barbara Butkiewicz MGT/521 June 6, 2014 Rodney Klein Abstract Operating a business is a complex task which involves many facets. The MBA Overview Model defines eleven functional areas of business, including management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. In order to succeed in business, the organization must bring together the functional areas accordingly to achieve organizational goals. A critical role in any business is the manager. The manager plays an important part in utilizing each area to align the organization collectively towards economic prosperity. In this paper, I will examine the role of the manager in each of the functional areas of business. A business organization is a very complex structure. In order to be successful, a business needs to coordinate and organize many areas within the organization to achieve its mission. According to the University of Phoenix’s MBA Overview Model (2014), the functional areas of business include management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. An essential component to any business that intertwines the functional areas is the manager. The role of the manager...
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...Management within Functional Areas of Business Management 521 September 3, 2012 Bridgette Hardy Functional Areas of Business Management is essential in the functional areas of business. Operational service is a functional area of business that demands effective and efficient managers. Management must possess certain skills will help the individuals to do their jobs in the functional areas of which they have chosen as a career. In each functional area of business there are three management levels. The various levels of management play a different but major role in the development and growth of a business. Goals set in designated area of business will vary, depending on the area of business and the level of management. Operational Services Management Armstrong (2006), states that operations management is responsible production of the business or organization's products. Operational service is the area of business that produces a product or services for customers. Managers in operational services oversee the work of their staff to ensure the organizational goals can be accomplished. Managers in this functional area are categorized on three different levels. There are lower level management, middle level management, and upper level management. The responsibility of the manager depends on the level of management in which the individual is classified. The lower level managers are those who manage non-managerial employees. Middle level managers are those...
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...Executive Summary The ANZ Bank has an organisational structure which is divided into geographic location. The focus of this report is on the Australian Division and The Retail Distribution Functional Area. All functional areas within any business are support by a number of business processes. One business process which supports ANZ’s Retail Distribution functional area is Retail Lending. This particular business process plays a big part in creating revenue and ensuring that any risks in lending are kept to a minimum. Management and sales staff within Retail Lending use two types of Information Systems (IS), Hogan and Seibel Customer Relationship Management (CRM). It is these IS which allow ANZ to create their revenue and ensure the appropriate risk assessment is being use. Information Systems are used in all types on businesses globally; they add value to the organisation and also to the customers. Table of Contents Executive Summary 2 1. Introduction 4 2. Retail Distribution – Functional Area 4 2.1. Business Process 4 3. Customer Information System – CSC HOGAN Systems 5 3.1. Supporting Business Process 5 3.2. Value Add 5 3.3. Inputs, Outputs and Feedback 5 3.4. Requirements 5 4. Customer Relationship Management System - SEIBEL 5 4.1. Supporting Business Process 6 4.2. Value Add 6 4.3. Inputs, Outputs and Feedback 6 4.4. Requirements 6 5. Conclusion 6 References 7 Bibliography 8 ...
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...associated with third party relationships. | Entry Criteria | Existing vendor utilized to manage costs, provide expertise or improve service offerings. Third Party Risk Policy | Exit Criteria | Third Party Risk Assessment | Deliverables | - Third Party Risk Results - High Risk Vendor Management Report | Tailoring Guidelines | Tailoring is not applicable for this procedure | Role | Tasks | Corporate Functional SME | The Corporate Functional SME reviews the Third Party Risk assessment results for their area of expertise (Business Continuity, Financial, CISS, Brand and Marketing, Privacy and Reputational Risk). | Vendor Relationship Manager | The Vendor Relationship Manager (VRM) evaluates and rates areas of risk associated managing a third party relationship. | Financial Intelligence Dept. (FID) | Monitors Third Party Risk Assessment due dates Receives and reviews Third Party Risk Assessments from VRMs Records the Risk Assessment results to the Vendor Database Reports vendors with high residual risk and those we are unable to rate Reports delinquent third part risk assessments Reports data shared with vendors and breeches of data | Business Unit Senior Management | Reviews and approves high risks | Step | Action | Responsible | 1. | Identify Risk Assessments Due Current Month The FID monitors ongoing third party relationships based on a risk category...
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...The Functional Areas of Business Management 521 March 4, 2013 Abstract Companies are formed [The passive voice is a form of "be" (are) and a participle (formed). Over-use of the passive voice can make paragraphs officious and tedious to read. Prefer the active voice. For example, passive voice = The paper was completed on time. Active voice = the student completed the paper on time. See Center for Writing Excellence > Tutorials & Guides > Grammar & Writing Guides > Active & passive voice] in different ways. There are small businesses with no definite functional areas because the owner performs almost all the tasks. When the business expands, it is necessary to have specialized department or functional areas. Functional areas are structured [Passive voice ] by different departments with different tasks and responsibilities. These functional areas are group of employees with diverse skills and expertise. Functional areas may include client service, operation, finance, human resources, marketing, and administration and [in academic writing, if this is a series, place a comma before the final conjunction (and)] IT support. These functional areas leads to more well organize business practice. ...
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...study the functional areasof business and find ways to communicate these information’s to managers for effective leadership. Organizations formulate their organizational structures on numerous functional areas generating subdivisions around these functional areas and delegating responsibilities asnecessary. This paper focuses on the functional areas of business and the importance of managers to work in cross-sectional teams for a successful organization. Functional Areas of Business Small or large businesses have key functions to perform on a regular basis. It may includestock to be bought, bills to be paid, customers with questions, or other requirements that formsthe functional areas of the business. Small firms may have one or two people carrying out mostof these jobs. However, in large organization people with different task are specialized. Some large organizations have buyers purchasing stocks, an accounting department with staff to pay their bills and a customer service department with staff to checkout, service, and answer customers inquires. Therefore, the role of a manager within the functional areas of the business could either bring success or failure to the organization. Functional Areas in Business Organizations Because in a large organization, one could find people working together in departments;it is easier to recognize separate functional areas. From the list below each department tasks arecarried out, as it relates to that particular area. The list...
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...MEMORANDUM To: CEO and executive team From: Wei Chen, Elementary Division Manager Subject: issue of over limit lead in metal whistles Date: January 14, 2012 Per manager of the quality assurance, the amount of lead in metal whistles was slightly above the limits of the U.S. legal standards. At the end of the week, a large shipment of the toy collection including those whistles is scheduled to schools in South America. It would cost $100k to reproduce and repackage those over leaded whistles. We should address this issue seriously and try to conduct a legal and ethical solution before customer’s complains. Otherwise, the company’s ethical reputation would be damaged and the sales revenue would be affected dramatically. After brainstorming and reverse brainstorming, with the consideration of different perspectives including product, planning, potential and people, I suggest the following three decision alternatives: 1) Since the lead is only slightly above the U.S. limits, we may continue the shipping without further notice to the public. Obviously, the advantage is that the shipment request will be fulfilled on time and the disadvantage is that the company may take the risk to lose the ethical reputation if it is released to the public. It would be no financial loss and no impact on the toy shipment. However, it could be tagged as unethical behavior if it is released to the public, which means it may affect the future sales revenue. In addition, it may cause...
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