...Functional Areas of Business Paper Heather Souza-Rodriguez MGT/521 December 1, 2014 University of Phoenix Instructor Jose Pecero The requirements of a Masters of Business Administration (MBA) focuses on the development in the executive functions. Organizations have to research the functional areas of business to produce ways to communicate information from managers to other leadership by formulating organizational structures by subdividing functional areas and delegating responsibilities as necessary. This paper pinpoints on the functional areas of business through procedures of managers to work in multi-level teams. Functional Areas of Business Whether a small or large business, the must all have key functions to perform on a standard basis. This may require the projection overhead expenses and other financial diligence to ensure quality control, customer service, and employee retention. Companies differ through strategy and growth depending on the corporation’s capacity to produce, but the role of that manager in the areas of the functional business is detrimental to the corporation’s success or demise. Functional Areas in Business Organizations A large organization creates departments which are easily recognized for their separate functional areas. Pinpointed below are each department tasks that must be fulfilled as it relates to that departments requirement outline of tasks and possibly adapt additions to that Standard of Operations Policy. Organization Functional...
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...Week 4 – Leadership Qualities MGT521 Week 4 – Leadership Qualities 1. What lessons about being a successful entrepreneur did you learn from Ryan and Aaron? Both Ryan and Aaron had a vision and drive to become entrepreneurs. Both wanted to make a difference by helping others, they had a goal in mind. They knew what the potential profits they can make and the costs involved per customer. They analyzed their target market and identified a need for their services. Aaron was good at developing the software while Ryan was good at marketing the product. With both having complementing skills, they were able to expand their business using their technical and marketing expertise. 2. Who are the stakeholders of iContact and how are their needs balanced by the company? iContact's stakeholders include Ryan and Aaron as the owners and all of their employees that want to see the business to keep making profits. Other stakeholders include companies that hire Ryan and Aaron for their email campaigns as they use iContact for their services, the potential customers that read the emails sent using iContact as they are the target audience and hence they will be measured to assess the effectiveness of iContact’s business model. Lastly, iContact’s competitors are their stakeholders (in the same business, and businesses not using the Internet for advertising and hence potentially losing revenue due to iContact’s business methods). Ryan and Aaron balance their needs by helping small businesses...
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...Week 6 Learning Team Reflection MGT521 Week 6 Learning Team Reflection Question #2 There are various degrees of unethical behavior ranging from stealing office supplies to embezzling money within your organization. Unethical behavior becomes common practice if this is the organizational culture finds this as an acceptable practice. As in the case of Lehman Brothers, the top level executives demonstrated this type of unethical behavior and encouraged the employees to behave in the same way. Employees quickly realized there are no internal controls in place to prevent them from practicing unethical behavior and ultimately spilled over into their business dealings. Why? The reason is less risk of getting caught for this type of behavior. The company culture at Lehman Brothers was a reward-driven organization, which promoted employees to perform to the highest level and in exchange would be rewarded. One of the risks involved in this approach is that employees will do whatever it takes to continue to perform at that rate for the benefits of reaping the reward. The core values of these employees will eventually reveal themselves and the individual will arrive at a crossroad by either doing what is right or wrong. Moreover, top level management at Lehman Brothers misrepresented information to the stakeholders, such as lying about how much top level management was getting paid, and manipulating the data on reports to hide any wrongdoing of misappropriating funds. In the case...
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...Communication Channels Melody Tice-Baird MGT521 April 22, 2012 Dr. Ronald Johnson Communication Channels Choosing the right form of communication channel to effectively deliver a message to the appropriate audience is important. It is not uncommon for the sender to pick the wrong communication channel simply because they want to choose the easiest and quickest method possible. Based on several scenarios, I will be discussing the best communication channel at different levels. For Scenario 1, the most effective communication channel I would use would be a face-to-face because I only have one week for my team to develop a strategy for entering a new beverage into the global market. Since time constraints and product details are vital to developing this strategy, the face-to-face communication will quickly facilitate questions, ideas, concerns, and feedback from the team resulting in commitment and support. More importantly, each team will have assigned tasks and a concrete deadline for task completion. As a marketing manager, I have selected both formal reports and face-to-face communication to convey the team’s new strategy. These are the most effective communication channels because it allows me to provide the vice president a detailed written outline on the development strategy for the new beverage. However, the complexity of this new strategy requires oral communication to reduce confusion and misunderstandings. (Robbins, pg 14) Lastly, I have the advantage...
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...Kudler Fine Foods Problem Statement Ryan Jaffe MGT 521 October 19, 2010 Bruce Carter III Kudler Fine Foods Problem Statement When Kathy Kudler created Kudler Fine Foods she envisioned establishing a one stop gourmet store. She wanted to sell the most excellent of products including meats, cheese, produce, and wine. Shortly after opening her first store, she expanded locally opening two others; creating her own chain of gourmet stores. Kathy now has a vision of providing quality foods to the local area while expanding and opening new stores throughout California. Kudler Fine Foods’ strategic plan places this idea in perspective along with other goals Kathy wants to reach, but with these goals are also a few issues that will need to be overcome for success. Kudler Fine Foods can expand locally and globally by developing the management team, marketing department, and working on operations management. With the improvement of these issues, Kathy will have no problem expanding her store beyond her first vision of a local supermarket. Kudler Fine Foods faces an immense issue in the area of expansion. If Kathy is going to expand to anymore locations whether it is locally or globally she will need to change her present management technique. With the planned expansions into Carlsbad and then San Francisco, she cannot continue to run all the stores throughout California on her own. Kathy will need to consider hiring individual management teams for each location that can perform...
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...Higher Education MGT521 Higher Education Society has changed in many ways. Education has become a significantly important factor in today’s society. More adults are going back to school seeking higher education for better job opportunities. Higher education is important because it can determine how far a person can advance in career opportunities. Getting a Master in Business Administration (MBA) degree is the best way to develop and learn about organizational and management skills. For someone that is pursuing managing a business or owning his or her own company, getting an MBA degree can contribute significantly. There are many job opportunities out there. Most companies are looking for someone that has the education; a bachelor’s degree is decent in today’s society, but an MBA is favorable in the job market. There are numerous reasons to seek an MBA: to improve written skills, communication, managing, organizational skills, financial stability, and more. As the first person in the family to graduate with a bachelor’s degree pursuance of an MBA is the golden path toward stability as well as a better tomorrow financially. The number of people seeking an MBA degree is growing day by day. In addition, several schools around the nation are promoting this type of degree as one of the top degrees. More people are going back to school due to the state of the economy. ” the beginning of the economic downturn people were leaving the job market and going back to...
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...Program Requirement Duration Undergraduate Core Courses Undergraduate Electives Undergraduate Specialization Project / One Additional course Internship Total Credits Hours 4 Years 60 24 12 3 6-8 Weeks 135 SCHEME OF STUDIES FOR BBA (HONS) 4 YEARS PROGRAM Summary General Courses Undergraduate Core Courses Undergraduate Electives Undergraduate Specialization Project / One Additional course Total Credit Hours 36 60 24 12 3 135 Undergraduate Core Courses S.NO C. CODE TITLE 1. ACT201 Principles of Accounting 2. ACT501 Financial Accounting 3. ACT301 Cost Accounting 4. FIN201 Business Finance 5. FIN505 Financial Institutions & Markets 6. FIN501 Financial Management 7. MKT201 Principles of Marketing 8. MKT507 Marketing Management 9. MGT202 Principles of Management 10. MGT502 Human Resource Management 11. MGT501 Organizational Behaviour 12. MGT507 Operations Management 13. MGT401 Entrepreneurship 14. MGT506 Business Research Methods 15. GEN501 Business Communication & Report Writing 16. ECO201 Principles of Microeconomics 17. ECO202 Principles of Macroeconomics 18. GEN303 Creative Thinking and Reasoning 19. FIN301 Islamic Banking & Finance 20. QNT501 Mathematics & Statistics for Business Sub Total Approved Scheme of Study BBA (Hons) 4 Year Program 60 GENERAL COURSES S.NO 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. C. CODE GEN103 GEN104 GEN110 GEN113 GEN111 GEN107 GeN108 MGT201 ITM201 GEN202 GEN301 GEN302 COURSE TITLE Arabic-I Arabic-II Islamic Perspective of Business Islamic...
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... The perspective I most closely related to was Obligation with 24 points. In this area, Obligation is about duty, what a rational person ought to do morally as opposed to what her or she should do (The Williams Institute, 2008). Additionally, through the Obligation perspective, I am supportive to providing opportunities for individuals to grow and learn. This assessment also provides the perspective least aligned with individual values. My assessed perspective was Character, where I received -24 points. The definition of Character is “what is good to be rather than what is good to do” (The Williams Institute, 2008 p.1). After taking this assessment, I agree with the results. I am very supportive of individual development and prefer the idea of doing the right thing opposed to just being right or good. Personal values and Kudler Foods For the last six weeks, the students from MGT/521 MANAGEMENT studied the case of Kudler Fine Foods. This case...
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...Writing an Argument Paper Management-MGT521 Writing an Argument Paper Many factors influence the decision to seek a Master’s in business administration degree. Employability, cost, interest, and personality compatibility are just a few areas one should consider when determining if an MBA degree is the best direction academically for one to embark upon. Through research and reliable sources one can gather important data useful in making this life-changing decision. Reliance on credible and valid data significantly improves ones opportunity to make an informed decision and this increases the probability of successful completion of the MBA program. Why an MBA The decision to seek a graduate degree in Business Administration should be based on a number of elements. Determining factors in making this decision may include personality traits, interests, life stage, past career developments and successes as well as economic and employability factors. When an individual has experienced the business and management fields for a number of years, and the individual has developed a positive level of accomplishment, seeking an MBA degree could lead to significant benefits professionally. After spending many years in another field the decision to begin a new career in mid-life is a major and a somewhat anxiety filled endeavor. Income potential, personal interests and employability are considerations of extreme importance when weighing the final decision. When personality traits...
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