...Organizing a Cost- Reduction program The Bottom Line * You need a multidisciplinary team to attain significant cost- reduction. Support from the top helps greatly. * Encounter resistance to the cost reduction effort * There are risks associated with cost – reduction opportunities * Meet at least once a week * Maintain an action plan to create and sustain reduction momentum. * Someone who writes well and is good in capturing details should take notes and publish meeting minutes no later than one day after each meeting. The meeting minutes should be sent to the chief executive, the team members, and the head of each department. Doing this keep others in the loop, and it keeps the effort alive. * The meeting minutes should include “living” task list. Team members should provide input regarding the status of each task in the meeting, and the person preparing the meeting minutes should update the task list to show current status. * The team members should discuss cost- reduction ideas in a free- flowing manner. The ideas may come from the team members or from others in the company. All of the ideas should be captured on a paper. After discussing all of the ideas, the team should decide if each idea should be pursued. If the team thinks an idea has a merit, in most cases it will go to the affected department manager. Key Questions: 1.) Do we have a cost – reduction effort in place? 2.) Do we have cost – reduction targets? 3.) How do we identify and eliminate...
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...Description of business The type of business is a health care business, Dre's care giving.This type of business is a sole trader.Dre's care is for the elderly who can't help themselves anymore and desire help in a comfortable clean and organized environment.the business is own and operated by Andre Campbell.Our contact information is telephone number : 480-2347 and email us at Dre's.care@gmail.com. We are open 24 hrs so you can come at anytime. Mission Statement Our mission statement at Dre's health care is to care for the elderly in the cleanest and best conditions there is in health services. Justification of location Dre's care is located in Ochi Rios right infront of Jamaica Gran hotel. We are located here because of the very busy environment of the torismist activities and it is also located on the main so you can past and see what a clean an well kept surrounding environment it is also easy to be access by transportstion. Selection of Appropriate labour Dre's care approximately employ 35 workers who are well train and experience in health care service.The business also has an accountant who is responsible for making sure all bills are payed on time.he is also responsible for keeping the business running finanically We also have an ambulance for emergency cases. We also have machines that are needed to give care and perform surgery if nessessary. Sources of fixed or working capital Fixed capital – are things in the business that are used over...
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...Introduction This paper will show how external and internal issues affect the managemet functions of the Enron Corporation. Enron’s business strategy was to control all of the enery supplies without owning all the power plants. as a substitute, Enron would use contracts to have power over the services in which other companies had invested their hard earned money. The paper will describe how the management functions which consist of controlling, leading, organzing and planning are utilizrd by Enron. Enron Corporation is the world leading electricity, natural gas, pulp and paper and communication company. Stakeholders and employees lost large sums of money in the Ernon scandel. The top exectives were able to cash out before the scandel was publizeised. Enron became known as the Enron Scandal because of a creatively planned accounting fraud. The paper will also address globalization, technology, innovation, diversity and ethics and how they affect the management functions of Enron. The paper will show how supervisors will use delegation to control the different causes and purposes listed. The Enron history is not plainly a story of a isolated business that steped into thee fire and got burned. Enron got just what they describe. Enron was able to take large chances while keeping shareholders in the dark because it could expolit accounting loopholes for subsidaries that are available to most openly traded companies. Companies like Enron can legally cover up large debts...
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...Running head: MANAGEMENT IN MY WORKPLACE 1 Show Business: The Business of Show Michael Milton MGT 330 Management for Organizations Robert Armbrust August 3, 2015 MANAGEMENT IN MY WORKPLACE 2 Show Business: The Business of Show Because my job in the performing arts is not like most other occupations it can sometimes be difficult for people to compare it to other businesses in terms of standard structure and management practice. However, it is called Show Business for a reason, and that is because it is the Business of Show. Any successful business must have a well organized management system in place, and even though it may seem different at first glance there are many standard management practices utilized in Show Business just like any other. Management organization within a company in Show Business takes planning, organizing, staffing, leading, and controlling functions to provide a quality production and ensure audience satisfaction. Planning The company I work for is called ‘NETworks Presentations’, and they are a company that produces Broadway tours. NETworks required extensive planning to become one of the largest producers of Broadway tours in the United States. Planning is a systematic process in which managers make decisions about future activities and the key goals that the organization intends to pursue (Baack, Reilly, and Minnick 2014). Further more, according to Baack et al. (2014), “business organizations are founded with a major...
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