...When attempting to start a business, having a keen understanding of the goals of management through the main four functions of management is one key to seeing success, both with the operation and with employees. The first stage, "planning involves developing a systematic process for attaining the goals of the organization...Leaders make change happen through planning instead of reacting to change" (EntEd 2007). With this said, a vital part of the planning process on the management end will involve three important activities. The first of which will be to lay out the goals that will be set for the hypothetical sporting goods store used as the example, the second will be to create a business plan since "the development of the business plan greatly helps to clarify the organization's plans and ensure that key leaders are all 'on the same script.' Far more important than the plan document is the planning process itself" (McNamara 2007). During the process of coming up with this business plan, hopefully as a manager we can begin to foresee any challenges we might face, especially if those challenges arise because of unpredictable circumstances that even the most careful planning could not predict or take measures to prevent. In short, having a process that all members present at the beginning of the organization can understand and work with in the form of a business plan is the key to success. During this planning process as we begin to decide what some of the most basic building...
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...The The Four Functions of Management Carlota Linn MGT/330 September 29, 2010 Kisar S. Dhillon The Four Functions of Management One of manager’s greatest achievements is to engage in the function of planning. During the process of planning, managers analyze strategies, determine goals, and decide the specific actions to take to deliver strategic value to the organization. Planning involves deciding in what type of activities the company will engage to accomplish goals. Traditional planning helps managers create a business plan and let others implement it. In today’s business environment the function of planning is much more dynamic because it involves creating strategic value to the organization. Strategic value is a process in which users like employees, customers and government sectors use their energy, talent and ability to create value to the organization. Value “describes the monetary amount associated with how well a job, task, or service meets users’ need” (Bateman & Snell pg 19 (2009). For instance, Experian the global credit reporting company has to deliver critical information to enable consumers to make financial decisions. Experian managers carry out extensive research of data and analysis of national and local economies to make strategic decisions. In terms of service, Experian team members provide the tools and information organizations need to provide their businesses with competitive advantage. Experian business strategies benefit all stakeholders...
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...most effective and cost efficient ways so that they can be purchased. The use of a global distribution sytem is very important, especially now days. A GDS is used for inventory control and rate management, as a data repository, for data dessimination, for revenue generation, and for stratigic positioning. One role a GDS plays in the hotel industry is to process transactions, controlling, and reporting room inventory and hotel rates. A second way a GDS is used in the hotel industry is a data repository. This keeps track of important guest information such as preferances, profiles, and buying patterns. The third funtion of the global distribution system is the dissemination of vital information like inventory availability, rates and hotel information and in real time for access by all service associates which allows them to perform their jobs more efficiently. A hotel GDS is also used as a source of revenue, and not just for room nights or meeting sales and revenue maximization but through fees charged for participation and processed transactions. Lastly a hotel GDS provides access to markets, lets a company implement unique functionality and selling strategies, builds strategic alliances trough inter-organizational systems, and it is used to sell and attract franchisees and management contracts. In my opinion the use of global distribution systems affects the world travel by making it easier and more convenient to travel. GDS makes it easy to find the informataion you need...
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...Week 4 Organization structure: As organization structures chanfes from stable to dynamic environments, they tend to evolve from mechanistic to organic Mechanistic: command and control management style Stronf of demand Srandadized policies and procedures Clearly defined jobs and respondabilities Conformity is encouraged or even expected Decision making is based of adherence to operating procedure Organic: More flexible organizational desin Knowledge-based problem solving Decentralized decision making Project teams and integrating roles Innovation is demand, not just encouraged Rewards are earned by those who demostrate initative, knowledge and skill Technology advances create specialist continue improvement company have to innovate in order to success all manufacture companies try to be mecanistics in electronic companies they try to be organis because they have to change continuesly Determinants ur orgnization The process of matching organization structures to objectives and resources Effective structure must be planned Mission and goals influences the shape of the organization Change in strategy should precede changes in structure Key elementos of ur strategy Technology people size You need people with real skill in the rela position Even the company downsizing can hire another kind of people Most company start with functional structures then they turn on to divisional or matrix; then can divide the company by sale channel, geographinic...
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...personel directors what have been achieved in portugal. The evening before his presentation, Silva recieved a fax from a consultant he hired in Portugal with the preliminary results of climate study. The consultant’s report is not what Silva expected and, in fact, raises questions about the effectiveness of a series of change actions implemented over the past two years. The case describes in detail actions taken by Silva to ‘profesionalize’ HR management in the Portuguese sibsidiary. The annual meeting of personel directors In his hotel room in the city of Oslo, Joao Silva reviewed the presentation he would make the following day. Altough he felt prepared, he was somewhat apprehensive. He had just recieved by fax from a consultant in Lisbon the preliminary results of a climate study of Norge Portugal. He had commisioned the consultant’s study on the advice of Norge’s vice president of human resources, with the understanding that the results would be included in his presentation, as initial evidence of the progress made in HR management in his country. The next day, the annual meeting of Norge’s personel directors would take place. Silva would meet the personel directors of the other Norge subsidiaries for the first time. He hadn’t participated in the meeting before, mainly because Norge Portugal was a small subsidiary and Silva was not technically a personel manager. His title was Administrative Director; he was accountable for finance, control and...
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...The Four Functions of Management Marlowe McConnell MGT 330 January 13, 2013 Kathleen Dominick The Four Functions of Management Management requires a person to think strategically and organize a plan in order to be successful and build a lasting relationship with both the company that they work for and the team that they are leading. To achieve this, managers needs to implement the four functions of management; planning, organizing, leading, and controlling. The four functions of management are used in all industries and all management should effectively understand and utilize this skill to be the most productive and successful. Planning is the first step in the four functions; managers should create a detailed action plan aimed at some organizational goals (Education Portal, 2013). A plan should have a detailed set of goals to be achieved and the actions needed to reach those goals. The plan can be revised as goals are met or objectives change. The plan should include the objectives needed to reach the goal, obstacles that may arise, actions to reach the goal and to deal with obstacles, alternative courses of action, derivative plans, motivational tools, and how to implement a course of action. Strategic plan, tactical plan or an operational plan are usually implemented by the different levels of management in order to reach the different goals of an organization. A strategic plan would include the entire organization and a formulation of different objectives...
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...MAINTENANCE MANAGEMENT Prof. O.P. Gandhi ITMMEC, IIT Delhi The term ‘maintenance’ means to keep the equipment in operational condition or repair it to its operational mode. Main objective of the maintenance is to have increased availability of production systems, with increased safety and optimized cost. Maintenance management involves managing the functions of maintenance. Maintaining equipment in the field has been a challenging task since the beginning of industrial revolution. Since then, a significant of progress has been made to maintain equipment effectively in the field. As the engineering equipment becomes sophisticated and expensive to produce and maintain, maintenance management has to face even more challenging situations to maintain effectively such equipments in industrial environment. This brief lecture on maintenance management includes maintenance strategies, functions of maintenance department, maintenance organization and elements of maintenance management. MAINTENANCE STRATEGIES OR OPTIONS A maintenance strategy or option means a scheme for maintenance, i.e. an elaborate and systematic plan of maintenance action. Following are the maintenance strategies [1] that are commonly applied in the plants. • Breakdown Maintenance or Operate to Failure or Unplanned Maintenance • Preventive or Scheduled Maintenance • Predictive or Condition Based Maintenance • Opportunity Maintenance • Design out Maintenance The equipment...
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...MAINTENANCE MANAGEMENT The term ‘maintenance’ means to keep the equipment in operational condition or repair it to its operational mode. Main objective of the maintenance is to have increased availability of production systems, with increased safety and optimized cost. Maintenance management involves managing the functions of maintenance. Maintaining equipment in the field has been a challenging task since the beginning of industrial revolution. Since then, a significant of progress has been made to maintain equipment effectively in the field. As the engineering equipment becomes sophisticated and expensive to produce and maintain, maintenance management has to face even more challenging situations to maintain effectively such equipments in industrial environment. This brief lecture on maintenance management includes maintenance strategies, functions of maintenance department, maintenance organization and elements of maintenance management. MAINTENANCE STRATEGIES OR OPTIONS A maintenance strategy or option means a scheme for maintenance, i.e. an elaborate and systematic plan of maintenance action. Following are the maintenance strategies [1] that are commonly applied in the plants. • Breakdown Maintenance or Operate to Failure or Unplanned Maintenance • Preventive or Scheduled Maintenance • Predictive or Condition Based Maintenance • Opportunity Maintenance • Design out Maintenance The equipment under breakdown maintenance...
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...reporting of financial information. The incorrect use of accounting codes can lead to inaccurate and often misleading financial statements. Accounting codes are also used for internal purposes such as the establishment and tracking of revenue and expenditure budgets. Balance sheet accounts can be monitored to highlight problems, such as a large amount of older outstanding receivables or a negative fund balance. Finally, object codes are used for budgetary control to insure that operations are within legislative intent. (http://www.doa.state.wi.us/docview.asp?docid=611&locid=3) 2) DQ 7-10 4 x 1 marks What do we mean when we say companies are offshoring business processes? Should companies offshore the accounting or finance funtions? Business process outsourcing (BPO) is the practice of using a third party, contracted to perform specific, specialized processes on a company’s behalf. Although “outsourcing” in its most basic form has been used for decades, such as when a business uses an outside accountant to balance the books, it has become a practice used by the majority of businesses and large companies, on a much larger scale. By outsourcing certain aspects of “doing business,” the company can focus on its primary purpose, whatever that may be (http://www.wisegeek.com/what-is-bpo-business-process-outsourcing.htm#slideshow) The first finance and accounting activities to be outsourced are generally transactional activities (that are very simple and easy to automate)...
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...on one’s life, which is instrumental in achieving individual success. Those endowed with the ability of understanding themselves and other people are inclined to find the route to success. Before figuring out how intrapersonal and interpersonal perception (understanding yourself and other people) contribute to individual success both at university and later at work, a detailed research and a sequence of experiments are indispensable. This essay is just gives a comprehensive study on intrapersonal and interpersonal perception. Firstly, the essay will analyze in detail how intrapersonal perception contributes to individual success in academic performance and later at work. Secondly, it will explain explicitly how interpersonal perception funtions in interdependent relationship among people. Main Body a. Self-regulating and self awareness Intrapersonal perception means self-regulating involving self-monitoring on the basis of self awareness. Accurate self-monitoring of one’s mastery of material is a necessary skill for student success. Such skill enables students to have the awareness of when to prolong or terminate their studying for an exam and modify their studying strategies. Students who are aware of their own cognitive state are able to adjust their performance when warranted, (Huff &Nietfeld, 2009) which bases on the principle that awareness of what one knows or doesn’t know falls under the heading of metacognition. Awareness determines the grounds on which students judge...
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...How to detect if a Keylogger is installed? - Microsoft Answers 1 of 8 Applies To: Windows Windows Vista http://answers.microsoft.com/en-us/windows/forum/windows_vista-sec... Security, Privacy, and User Accounts Question Secure_Leonilo asked on August 22, 2010 How to detect if a Keylogger is installed? Hi, I would like to get some help... I suspect that the computer I use at work probably has a keylogger installed. Could you recommend an online, free, and reliable tool to detect keylogger? Please recommend a couple of tools, so I can try them in case one doesn't detect anything. On the other hand... is it possible to know where the log files generated by the keylogger are sent to? As far as I know, they are sent to an email address that belongs to the person who has installed the keylogger on someone else's computer, so that he can see all the victim types. I suspect that I got keylogger installed from a work partner. thanks a lot in advance! Reply Reply with quote Report abuse Email updates Answer A. User replied on August 22, 2010 Was this helpful? 1 Vote Try these Programs: If necessary, do all the work inSafe Mode with Networking. To get intoSafe Mode with Networking, tap F8 right at Power On / Startup, and use UP arrow key to get toSafe Mode with Networking from list of options, then hit ENTER. Read all info below before starting: http://www.malwarebytes.org/mbam.php Malwarebytes is as the name says, a Malware Remover...
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...the stores, buy the furniture they like and take it with them right away. They then have to put it together themselves when they get home, or in some cases IKEA staff would even come to the customers home to help them assemble the furniture. This IKEA concept immediately became a success, mainly for kitchenware and children’s furniture. In 1973 the first store outside of Scandinavian territory was opened in Switzerland and in 1974 in Germany. After this began the expansion into all the markets on a global basis and by 1990 there were 17 stores situated in Western-Germany, 1 in Australia, Canada and Singapore and those were followed by multiple stores in the Far East and the Middle East. IKEA had to divide their management around the world into four different main areas: product range and development, purchasing of materials, the distribution service and retailing. This guaranteed that selling methods and customer service were of the same...
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...Coca Cola Co. Part III Name MGT 521 Date Professor’s Name Coca Cola Co. Part III Coca Cola history starts in Atlanta, Georgia with only one product inside a little pharmacy with sales of less than a dozen a day. 125 years later Coca Cola is all around the globe with over a billion sales a day in more than 200 countries. Coca Cola states that “because of the local nature of our business, we are in the unique position to contribute to the economic vitality of even the most remote communities around the world (Coca Cola, 2012). Economic Trends Coca Cola’s head quarter are in Atlanta and as part of many Fortune 500 companies that share this major city, Coca Cola enjoys considerable influence in Atlanta’s economy. Atlanta’s economy is a mix of many diverse sectors that includes not only Coca Cola, but also other goods produced such as: publishing, textiles, apparel, furniture, telecommunications, hardware, steel, and many more (Altius Directory, 2012). Coca Cola’s indirect economy can be impacted by the numbers the company shows every year. The company reports having more than 900 plants and over 92,000 employees illustrating diversity and different cultures all around the world. The company’s contribution generating jobs around the world inspire other companies, from different regions to promote global business. “We contribute to the economic success of each community by employing local people; paying taxes to governments; paying suppliers for goods, services...
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...INTRODUCTION Order fulfillment and delivery of products to customers are tricky parts of supply chain management. Earlier in 1990s, there was pull system in use and later it changed to push- pull system in order fulfilment. This change in system of order fulfillment was to increase margins, service and also to cope with the increase in volume of the orders. Order fulfillment does not confine to just delivering the ordered goods to the customers, but also provide all related customer services. In simple terms, along with the product, product information and usage information should be provided with the product. In addition to this, to maintain customer retention and satisfaction, there should be a system of exchange or return if desired by the customer. Order fulfillment includes several operations such as inventory management, packing, shipping, delivering and accounting. Hence, most of the operations involved are dealt without having to face the customers. TYPES OF ORDER FULFILLMENT Order fulfillment is of two types based on the usage of the process at a particular period of time. There is a conventional or traditional order fulfillment and E-commerce order fulfillment process. Traditional retailing of supply chain was used at the time of 1990s. In traditional retailing, inventory production is initiated at first and later is followed by pushing the product to customers. So, it begins with pulling and ends with pushing the product to customers. e- Commerce retailing deals...
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...Amazon Europe Strategy In 2003, Amazon Europe was faced with the challenge of restructuring it's distribution network in order to meet growth demands. After five years of operations through three independently run organizations in the UK, Germany, and France, the company recognized the need to adapt it's business structure and positioning in the markets. Although many areas of the supply chain had already been optimized, there was significant room for further improvement. The European markets were expanding rapidly, and it was certain that the current structure would not be sufficient, even in the near future. Amazon's objective in Europe The original goal, set in 2002 at the US headquarters, was for Amazon Europe to "catch up" with the US operations by 2007. In order to reach the objective, three key measures were considered for implementation: expand the product offering (similar to the US range); realize new Marketplace activities (Amazon's platform for additional business sectors); introduce Amazon in additional European markets. In considering one or more of the above options, the company was also faced with the task of determining the level of centralization for its activities. Depending on the specific construction of the network, there would be potential to bundle tasks which were being performed individually in each of the existing markets. The key would be to find the balance between utilizing synergies for efficiency and keeping sufficient flexibility...
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