...political, and most planning is informed and adaptive. (Ref Page – 17) 2. Decision making and problem solving – different people involved in making a decision after disagree about the true nature of a problem and the likely outcomes of various solutions, due to different perspectives, assumptions and values typical of managers from different functional background and specialties. A prolonged, highly political decision involve important and complex problems for which no-ready –made, good solution are available when many affected parties have conflicting interests and when diffusion of power exists among the parties (Ref Page- 4) Planning- as a formal process of written objectives, strategies, polices, and budgets, cascading from top management down hierarchy. Some planning occurs but managers develop agendas consisting of goals and plans related to their job responsibilities and involving a variety of short term and long term issues. 3. Leaders Role- Managers are responsible for leading the subunit function as an integrated whole in pursuit of basic purpose. Provide guidance to subordinates, motivates and in hiring, training, directing, praising, critizing, promoting and dismissing, pervades all managerial activates. Liaison Role- includes behavior intend to establish and maintain a web of relationships with individuals and groups outside of a manager’s organizational unit. These relationships are vital as a source of information and favors. The essence of the liaison...
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...Management 110: Assessment 2 1. Case study I choose Malaysia Airline System (MAS) because the whole world is focusing on Malaysia recently and especially Malaysia Airline due to the miserable crash of MH370. According to international newspapers and articles, I have found that MAS has plenty of debts and it occurred because of wrong management. Some presses refer to MAS is able to be bankrupted by the tremendous compensation of MH370. Therefore, I choose MAS in order to revive and overcome from poor management. 2. Contemporary management issue in relation to this article Issue: Poor management leads Malaysia Airline to billions of debt, MAS needs government rescue. Background and context of the company: Malaysia Airline System (MAS) is the home base of Malaysia and it was established in 1947. Nowadays, Malaysia Airlines secures a variety of routes such as Europe, North America and Asia continent. These days, Malaysia Airline has recorded the minus of Operating Cash Flow (OCF) over the past three years. Free Cash Flow (FCF) which minuses capital expenditure from OCF was negative for six years. (Tengku Bahar,2014) The financial issue presses the airline and about 19,000 employees. Key issues for the company: Before being the crash of MH370, MAS already faced their financial pressures, which is approximately 4.2 billion ringgit loss. The disappearance of MAS MH370 boosts the financial loss and it can be a critical damage for MAS. Furthermore, the main issue for MAS is its...
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...MGT/330 Weekly Overview Week One: Overview of the Functions of Management THE FOUR FUNCTIONS OF MANAGEMENT Planning is designating the goals to be accomplished and determine the correct actions to achieve those goals. The planning activity includes analyzing current situations, anticipating what about to happen, deciding the most effective activities the company will use, choosing corporate and business strategies, and determining the supplies needed to accomplish the company’s goals. Planning set the stage for action, and for higher achievements. Historically, planning described a top-down approach in which top executives establish business plans and tell others to implement them. (Chapter 1: Managing) Organizing is constructing an active organization, setting up and coordinating the human, physical, financial, informational, and other advantages needed to reach goals. Organizing exhibitions involve drawing attention to people to an organization, specifying job restraints, minimizing work into units, placing and assigning resources, and setting conditions so that everyone and everything work in sync to achieve maximum success. In determining the internal structure, management must look at the different divisions or departments, the coordination of staff, and what is the best way to handle the necessary tasks and disbursement of information within the company. Management will then divide up the work that needs to be done, determine appropriate departments...
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...Management Functions Edward Thompson Jr. MGT 330: Management for Organizations Professor Chad Blando October 6, 2013 Management Functions Introduction In management, there are different functions an effective manager can utilize to assist them in meeting an organizations future goals and objectives. In order for Managers and employees to be successful, each of the individual concepts has to be addressed in detail. In the text, it states, “The management functions include planning, organizing, staffing, leading, and controlling human and other resources to achieve organizational goals. All organizations, regardless of their levels of performance or profit motives, have a management structure and management staff” (Reilly, Minnick, Baack, 2011 p. 1.3). A Manager has to identify any possible weaknesses an organization may have and work toward fixing the problem and improving productivity in the company. Strategic planning is a company’s decision about what it wants to accomplish, and how it wants to go about accomplishing it. Planning also helps the company form its mission statement As the text states “Planning consists of the following steps: (a) examining the company's internal and external environments, (b) setting goals, (c) choosing strategies, tactics, and operational plans, and (d) allocating organizational resources to pursue the company's goals” (Reilly, Minnick, Baack, 2011 p. 2.6). Strategic planning is an essential element in the military. The government...
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...Strategic Management Process Paper University of Phoenix MGT/498 Throughout this paper the topic of discussion will be to identify the many different roles involving strategic management and all of the primary components involved in strategic planning. Strategic Management emphasizes on the organizations “long-term performance. Many companies can manage short-term bursts of high performance, but only a few can sustain it over a longer period of time To be successful in the long-run, companies must not only be able to execute current activities to satisfy an existing market, but they must also adapt those activities to satisfy new and changing markets” (Wheelen & Hunger, 2008), pg6). The accomplishments set forth are essentially a way to make certain the organization has continued achievements and meets the demands of the organizations stakeholders. In addition, the long-term performance would show returns on investments to the shareholders. Therefore, the main idea behind strategic planning is to make sure all goals and achievements are continuous and keeping up with the ever change world of the business environment. Just as any business plan it is just what it is which is a plan mapping out the effectiveness of the organization including effective business practices. It is made up of the three primary components, which are strategic operations, strategic functions, and translating the strategy into action. Strategic Operation Environment Part of the strategic management...
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...MGT/330 "The secret of getting ahead is getting STARTED. The secret of getting started is breaking your complex overwhelming tasks into small manageable ones –- then starting on the first one." Mark Twain Boeing was founded in 1916 by William E. Boeing (1881-1956). Currently Boeing is the world’s largest aerospace company and the principal maker of commercial jet transports. Boeing leads the way in developing the single-wing planes in the 1930s; and the first U.S. jetliner, the Boeing 707. Boeing is also a leader in space technology, defense aircraft and systems, and communication systems. According to Boeing successful startup airlines must begin with a sound business plan. Boeings established plan of action has been so successful they publish a guide for starting and running competitive business. Boeing’s detailed planning document typically includes: * Analysis of the market and competition * Brand positioning * Description of the business and opportunity * Details about the operation * Management team biographies * Discussion of risks and obstacles * Pro forma financial statements/projections * Capitalization plan * Brand development * Implementation strategy. (Business Plan, para. 1). Major Components of a Typical Startup-Airline Business Plan include an Executive summary, which covers the business concept including revenue and cost, what market is to be reached, competitive strategies and financial considerations. The...
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...Management Planning Paper Eugene R. Vazquez MGT/230 May 30th, 2013 Prof. Gabriel Medina, MBA Management Planning Paper Boeing Corporation as my example Table of contents Introduction -------------------------------------------------------------------------------------------------1 Evaluate Planning Function of Management------------------------------------------------------------2 Analyze Influence on Management Planning -----------------------------------------------------------3 Analyze Factors that Influence the Boeing Corporation Planning------------------------------------4 References----------------------------------------------------------------------------------------------------5 INTRODUCTION I will evaluate the planning function of management by using the Boeing Corporation as an example in my paper. I will analyze the influence that legal issues, ethics and corporate social responsibility has had on management planning at the Boeing Corporation. I will also analyze the factors that influence the strategic, tactical, operational and contingency planning at the Boeing Corporation. PLANNING FUNCTION The planning function is a process which begins with a situation analysis of external and internal forces affecting the corporation. This situation analysis identifies the problem and diagnose the solution which will bring alternative solutions for the corporation. The next step...
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...Strategic Management Process Paper Miguel Valdez MGT/498 August 17, 2015 Paul Kramer Strategic Management Process Paper Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company. Strategic Management is a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation, strategy implementation, and evaluation and control. The study of strategic management, therefore, emphasizes the monitoring and evaluating of external opportunities and threats in light of a corporation’s strengths and weaknesses. Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. Its purpose is to identify strategic factors those external and internal elements that will determine the future of the corporation. The simplest way to conduct environmental scanning is through SWOT analysis. Which, SWOT is an acronym used to describe the Strengths, Weaknesses, Opportunities, and Threats, that are strategic factors for a specific company. The external environment consists of variables that are outside the organization and not typically within the short-run control of top management. These variables form the context within which the corporation exists. However, the internal environment of a corporation consists...
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...Tyco's Management Planning Melissa Dinges MGT/230 December 01, 2014 Steven Friloux Tyco's Management Planning Tyco International Ltd. is a company that has two major business sections security systems and fire protection and it is located in Switzerland, but has its operational headquarters in Princeton, New Jersey. Tyco International Ltd. was founded in 1962 and became incorporated in 1962. (Wikipedia, the free encyclopedia, 2014) It has been around for quite a few years and seen the ups and downs of business and has learned from it and bounced back. A major thing that the company has learned is that it has to have a management plan to stay in business and to be successful. This plan has to also encompass the company’s mission statement and ethics. Tyco’s mission statement is “We will increase the value of our company and our global portfolio of diversified brands by exceeding customers' expectations and achieving market leadership and operating excellence in every segment of our company.” (AllFinancialMatters.com, 2005) Management Planning Planning is looking ahead and calculating the future course. It is a preparatory step that determines what the company wants to attain, and also incorporating the company’s goals in the plan. Tyco has a few different goals depending on what factors you are discussing. In the planning process there are three goals that factor into management planning. The governance goal deals with practices and policies. It states that...
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...Management and Leadership Paper MGT/330 Management and Leadership Paper The Better Business Bureaus are private, nonprofit membership organizations that attempt to resolve consumer complaints with businesses. They also publish consumer protection warnings and histories of unresolved complaints against companies. BBB member companies must meet certain requirements and agree to work with their local bureaus to resolve consumer disputes; however, BBBs issue complaint reports on both members and nonmembers. This is the main function of the BBB’s management and primary duties of the employees that work for the organization. This is a very simplistic function and will explore the effectiveness today as opposed to their humble beginnings. The BBB started by the early 1920s, the Associated Advertising Clubs of the World took a major step toward the development of the modern BBB with its book Truth in Advertising — The Better Business Bureau Movement to Protect Reader Confidence. Back then, there were 32 BBB offices operating from coast to coast. Today, the bureaus number about 175, with dues-paying members in all walks of business handling some 11 million consumer questions yearly. (Unknown) The structure of this nonprofit has a president/CEO, officers and, board of directors from the business community that serve on the board for an undetermined amount of time. The goal is serving good of the community and the business owners that subscribe to the service which has an...
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...MGT/230_ Wk3_Management Planning MGT/230 April 15, 2013 Management Planning As today’s leading energy company, British Petroleum, PLC (BP) has been thriving to satisfy the investors with legal, ethical, and social responsibility issues as a corporation while protecting employees and environment. The global economy has been fluctuating rapidly since the last tragic incident that happened in 2010; therefore, now is the time to evaluate the organization’s management planning function, analyze the influence that have had on management planning at BP, and analyze the factors that influence the company’s strategic, tactical, operational and contingency planning. Planning Function of Management The board of directors have played valuable role in both planning and decision making process at BP since the incident in 2010. Although BP had fully engaged to solve the issues from the incident by using top level skills and taking appropriate measures, the lesson BP learned was, in such a painful manner, that there are substantial financial risk accompany poor decisions and planning which was losing $30 billion, according to Marianne M. Jennings (Jennings, 2010). Therefore, BP plc is adopting a new basic planning process that was introduced by Bateman and Snell: situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and monitor and control that moves not just in one direction, but in a cycle (Bateman & Snell...
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...Strategic Management Process Mgt/498 November 10, 2015 UOP Strategic Management Process In this summary I will describe the primary components of the strategic management process, and indicate why a strategic management process is needed for a company. The primary components consist of environmental scanning, strategy formulation, strategy implementation, and strategy evaluation. Lastly, I will talk about my previous job as a Marine and describe the strategic management process that was used. First environmental scanning from my thoughts is the similar to using a swot analysis. As an organization, you want to know where your strength lie so you can maximize it. Same goes for your weakness once it is identified the organization could figure out how to deal with the problem. Environmental scanning also allows the organization to detect early signs of opportunities that could have a great impact on future endeavors. Threats very similar to opportunities are also seen by scanning. Secondly is Strategy formulation, in a nutshell, this is deciding what is the best course of action your organization to take to accomplish its goals and or objectives. So after the environmental scanning this second phase is to put a plan in place to handle what has been uncovered by the scanning. Then the implementation of the strategy that is acting on the strategy that was formulated. According to MSG (2015),”Strategy implementation includes designing the organization's structure, distributing...
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...Within these teams that are being developed there are always going to be instances of conflict that will arise. It is important to understand and know how to handle these conflicts and what the different conflict management strategies are. Every conflict management strategy will also have its own set of strengths and weaknesses and by identifying them it will be easier to choose the correct one for the situation. There are different methods for building and forming a team and there are five that were looked at in the formation of this team. The first method is a clear expectation of goals, a strength being that it offers much better efficiency at measuring objectives; however, it does not address communications and human relationships. There must be a definite part delineation of each group associate since each individual in the group must know the part he or she is supposed to perform in the group with regards to the parts of the other individuals and group associates. Each associate must understand where and how he or she fits into the group. The other strategy is addressing the channels of communication. Strengths are that knowledge and bonding are developed that assists in developing associations but efficiency and accomplishment can suffer because much importance is given to associations. There must be a developed and open method of interaction between all the associates of the group including the group leader. This will develop a working environment where associates...
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...Introduction In this paper Team A is responsible for developing teams for Riordan Manufacturing’s newly designed CardiCare Valve heart valves. The location of these teams is in Pontiac, Michigan, which produces plastic parts for the organization. Team A will develop a Team Strategy Plan of which we will identify several strategies in building viable teams, identify challenges or barriers that may occur, determine the best approach, and measure the teams efficiency. While developing these teams, Team A will create a Conflict Management Plan of which we will analyze the teams strengths and weaknesses, implementation of different conflict management strategies, select the best approach, identify potential challenges, and consider alternate strategies that will foster an efficient team. The Various Strategies Available to Build Teams Riordan Manufacturing is striving to create the perfect teams of employees to generate the best possible production of the newly designed CardiCare Valve heart valves. Creating those perfect teams requires much planning and organization. An important thing that Riordan needs to think about when trying to construct their teams is the number of members of each of the team. Generally speaking, the most effective teams have five to nine members (Robbins & Judge, 2011). When teams are larger, coordination and communication amongst its members may be an issue making it harder to get work done. Another thing for Riordan to consider when building...
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...Team Strategy Plan Patty Haynes 09/08/14 MGT/311 – Week 4 Individual Mr. Gregory Martin University of Phoenix Material - Patty Haynes Team Strategy Plan 1. Complete the following table to address the creation of teams at Riordan Manufacturing. |Strategy |Strengths |Weaknesses | | |When objectives are clear for each employee|More emotion such as encouragement could be| |Setting clear objectives of what is |on what is expected of them, it will |used while setting objectives. If the | |expected when accomplishing goals |eliminate confusion and optimize efficiency|goals are set too high, employees will feel| | |while accomplishing the goals set as a |failure and pressure. | | |team. | | | |Using clear channels of communication can |When the channels of communication are | |Using clear channels of communication |eliminate confusion regarding any |interrupted the team is put in a | | |responsibilities amongst employees. Also, |standstill, this will hault all production,| | |directions...
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