...Ten Ways Managers Can Keep Their Companies Ethical Choose Ethical Leaders Unethical leaders = Unethical employees Codes of ethics will have limited to no impact No respect for “do as I say, not as do” managers Ask the right questions Ask about a dilemma and how it was resolved Hypothetical ethical dilemma Current business ethics in the news Have an Independent Board of Directors Ensure organizations future, policies, and objectives Do not do enough questioning of management’s decisions for ethical standards More interested in what to gain than what’s best for company Conflicts of interest hamper ability to make good decisions Most Boards Rely on management to keep informed No time, skill, or background in complex business transactions “Go along to get along” mind-set that discourages questioning Should do the following Avoid nepotism, no family on board Institute structural reforms Ask outsiders to serve on the board Provide information in clear language Invite questioning Have a Living Code of Ethics Make sure it is not a forgotten piece of paper Continually reviewed, training, examples, self-policing Applies to everyone in the company Explain the Reasoning behind Your Code Explain why Apply Ethical Standards to Everyone Applies to everyone From high management to part-time employees Value Ethics over Performance Structure reward programs to encourage ethical compliance Give the responsibility of enforcing ethical standards...
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...Centuries. Management has to do with power by position, whereas leadership involves power by influence. Q1) Explain the meaning of Management? Q2) What are the functions of management? Q3) Explain one function of management in brief? Q4) Explain the branches of management towards the end of 20th Century? CASE STUDY : 2 A management buyout (MBO) is a form of acquisition where a company’s existing managers acquire a large part or all of company. Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the management buyout lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of company available to them. The seller is also unlikely to give any but the most basic warranties to the management, on the basis that the management know more about the company than the sellers do and therefore the sellers should not have to warrant the state of company. These are several ways of financing a management buyouts. Q1) Explain the purpose of Management buyout (MBO)? Q2) Explain the various ways of financing a management buyouts? Q3) Give some examples of MBO’s? Q4) Explain the objectives for MBO? CASE STUDY : 3 Journalism is a discipline of writing. News-oriented journalism is...
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...MAT 300 – Assignments and Rubrics ALEKS Pie Completion Worth 400 points The primary goal of this class is for you to complete the entire pie by the end of the term. Points for pie completion will be added to your score at the end of the term. ALEKS Emphasis on Lab Work. On-ground sections of the course will be taught in a computer lab, with three (3) hours of lab time using ALEKS for every one (1) hour of traditional instruction. Thus, students in an onground section of the course will log about three (3) of the required five (5) weekly hours in ALEKS during class. To get full credit for the ALEKS participation points, on-ground students will have to put in two (2) additional hours using ALEKS outside of class. Online students will also utilize ALEKS in the same or similar manner. All students will start the term by taking a comprehensive ALEKS assessment to identify where they need to focus their efforts. As you master each assigned topic, your progress will be plotted on a pie chart. Your goal will be to fill in the entire pie. Forty (40) percent of your final grade will be based on how much of the pie you fill in. Weekly Lab Requirement. Students are expected to spend at least five (5) hours per week working with ALEKS. The instructor will be able to see how much time you’ve spent in ALEKS and what topics you’ve worked on. Weekly ALEKS time will count toward 10% of your final grade. If you work in ALEKS for five (5) or more hours, you will earn ten (10) points. If you...
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...these technological changes? Suppose, you are the marketing manager of a food products company that is considering entering the Indian market. The retail system in India tends to be very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies, which make access to distribution channels difficult. What distribution strategy would you advise the company to pursue? Why? Suppose, you are the marketing manager of a food products company that is considering entering the Indian market. The retail system in India tends to be very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies, which make access to distribution channels difficult. What distribution strategy would you advise the company to pursue? Why? Suppose, you are the marketing manager of a food products company that is considering entering the Indian market. The retail system in India tends to be very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies, which make access to distribution channels difficult. What distribution strategy would you advise the company to pursue? Why? Suppose, you are the marketing manager of a food products company that is considering entering the Indian market. The retail system in India tends to be very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies, which make access to distribution channels difficult. What...
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...Management is one of the most important parts of a company. This is because it involves a number of the many different roles performed by managers in the management role. In general, the main roles of management are planning, organizing, motivating, and controlling process of an organization. This means that management is a continuous process which is done all throughout the whole production process. This paper focuses on the manager’s job, which in this case is an assistant human resource manager’s job which I held in a previous company I worked in. Description of the Actual Job There a number of requirements for one to be a human resource manager or even an assistant. One of these is the managerial educational background. For many organizations, a human resource manager should have a degree in human resource management while for some require a lower academic qualification. Apart from the educational requirements, a human resource manager should have excellent communication skills (Randhawa, 2007). Managers usually deal with a number of duties and thus good interpersonal skills are important. Ability to make sound decisions is also another very important requirement. Another formal requirement of a human resource manager is the experience (Pravin, 2010). Experience is very important and differs from one company to the other. In the company I worked in as an assistant human resource manager, the main requirement of a human resource manager was five to ten years experience in a related...
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...goal for the company. 2. To be a successful manager, there are five functions you need to perform. Planning is the first important function. Managers need to be able to plan what their goals are and how to fulfill that task as efficiently as possible. Being organized is another important function, deciding who will do what and when it needs to be done is essential in completing their desired goal. Another function managers need is leadership, being able to motivate and inspire others to work hard is very important to help achieve their tasks. Controlling is the last function of management, managers need to set certain standards for their employees. They compare how that employee’s performance is and if their measurement doesn’t meet the managers’ standards, they have to make changes to accomplish the goal efficiently. 3. A company needs different kinds of managers, each having different responsibilities and doing different jobs. Top managers such as Chief Executive Officers (CEOs), Chief Operating Officers (COOs), Chief Financial Officers (CFOs), and Chief Information Officers (CIOs) are responsible for monitoring their business environments and are accountable for the direction of the organization. Another type of managers are middle managers, this includes plant managers, regional managers, and divisional managers. A few of their responsibilities are to plan and provide resources to accomplish their goals and to carry out the changes that the top managers provide....
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...today’s workforce, it is the management team that helps drives a company to success. Managers are responsible for a long list of task including; ensuring their employees are doing the job correctly and on time; ensuring that the expectations and goals are clear and concise; the expectations and goals are being met; ensuring that the employees’ needs are being met; ensuring that the employees are following company policy; and the list goes on and on. One major role of a manager is to be a good role model to their employees. According to Yahoo Education, a role model is “A person who serves as a model in a particular behavioral or social role for another person to emulate.” (Role Model, 2009) This means that a manager as a “role model” needs to lead by example. In this paper we will discuss some moral and ethical dilemmas managers face as a role model and the relationship between ethical responsibility and social issues. According to Trevino, L., & Nelson, K. (2007), “They [managers] are probably the most important ingredient in an organization’s success and they [managers] are frequently the most overlooked.” They go on to say that “managers are the lens through which employees view the company, as well as the filter through which senior executives view employees.” (Trevino & Nelson, 2007) This can put a lot of pressure on a manager. Managers need to understand that what they say is not as important as what they do. Managers can talk all they want about different ethics and morals,...
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...importance of the Human Resource Department by Ng Hui Chen, GSM Employee is one of the most important assets of a company as they have significant influential power to the success of a company. Therefore, effective and efficient human resource management is crucial to every organization. However, the emergence of the centralized Human Resource Department (HRD) has created conflicts on whether the responsibility of human resource management should lie on line managers or HRD. The debate about the roles of line managers and centralized HRD in human resource management has been ongoing since couple of years ago (Hutchinson and Purcell, 2003). In my opinion, HRD remains as one of the important role within an organization despite the need for all line managers to adopt certain functions of human resources. Human resources management functions the best when the line managers and centralized HRD work hand in hands. The rationale of this idea will be discussed in the later part of this article. First of all, we should take a look of the core functions of human resource management irrespective of whether it is the responsibility of HRD or line managers. Generally, human resource management can be classified into three main functions: i) Recruiting In this stage, the major task is to recruit and select the best talents with necessary knowledge and skills to assist the company to achieve its goals. HR practitioner should perform thorough job analysis in order to gain deeper understanding...
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...well-established furniture company that has been around for 10 years. The owner, Mr. Phillips has recently decided that his company has grown enough and is now in need of a human resource manager. Being that the company has ran for 10 years without any sort of HR manager, the individual who receives this position must understand exactly what human resource management entails and then be able to excel in the position. What is Human Resource Management? According to the Bureau of Labor Statistics, “Human resource managers plan, direct, and coordinate the administrative functions of an organization.” They also state that HR managers are considered the link between a company’s management and employees. Along with the interviewing and hiring of new staff, they also are called upon to work with executives on strategic planning. Typically HR managers are responsible for all functions that deal with a company’s employee’s needs and activities. Examples of these responsibilities include, but are not limited to: employee training, performance management, policy recommendation, wages and benefits, employee relations, team building, and leadership. Human Resource Management and Phillips Furniture Phillips Furniture has essentially been in business for 10 years and never had a HR manager. From a HR perspective, the company will more than likely have many areas that need to be changed. They may also various aspects that need to be implemented. The HR manager will need to figure out...
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...TERM PAPER ON Roles and Responsibilities of Manager at Different Levels of Organizational Hierarchy in Banglalink GSM Telecom Co TERM PAPER ON Roles and Responsibilities of Manager at Different Levels of Organizational Hierarchy in Banglalink GSM Telecom Co Submitted To Professor Dr. Quazi Abdus Samad Course Instructor Faculty of Business & Economics Submitted By Md. Yeaqub Ali 041-18-253 B.com (Hon’s) 3rd Batch Submission Date: December 26, 2006 Daffodil International University Sukrabad, Dhaka 1207 Md. Yeaqub Ali Daffodil International University 102 Sukrabad, Dhanmondi Dhaka 1205 December 26, 2006 Professor Dr. Quazi Abdus Samad Course Instructor, fall semister 2006 Faculty of Business & Economics Daffodil International University Dear Sir: Subject: Submission of Report on “Roles and Responsibilities of Manager at Different Levels of Organizational Hierarchy in Banglalink GSM Telecom...
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...most successful and respected car company in America." To reach their mission and vision Toyota needs good management and leadership teams. Some people believe that managers need to be leaders and leaders need to be managers. However, Bateman and Snell (2009) mentioned that effective managers not need to be leaders, and leaders are not necessarily managers. This paper will show the differences between management and leadership, and managers and leaders’ roles and responsibilities to play in creating and maintaining a healthy organizational culture. Furthermore, this paper will show the impact of globalization and management across borders and recommendations of strategies that managers and leaders can use to create and maintain a healthy organizational culture. Differences between management and leadership Changing Minds.org (2002) mentioned that managers have subordinates and leaders have followers. In addition, Maccoby (2000) described management as a function and leadership as a relationship. Maccoby (2000) mentioned that managers usually do the planning, budgeting, evaluating, and facilitating, and leaders do the guiding, motivating, coaching, and building trust. In some companies managers will give an order expecting employees to follow. In contrast, leaders will give the order at the same time they guide, motivate, and influence others to achieve the goal. Even though it is a difference between management and leadership, some companies encourage their management team...
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...smooth and competitive with less hurdles and disturbances. In order to achieve this, managers have to work both physically and mentally in many areas and they even have to make their employees to work properly and effectively to attain the goals of an organisation. Even though the employees are the prime workers in any organisations managers have to manage their employees and even he has to manage the external atmosphere at and around the organisation to run the organisation in an admirable path and their by achieving the predetermined goals. Here I would like to present the manager’s job in an organisation with an example of an interview and with my research work. I took an interview from a manager of software Solutions Company a small scale information technology based company in Australia. while interviewing him we come across some of the important qualities of a manager According to him a manager should have a good academic qualifications like a bachelor’s degree and a master’s degree in any of the administrative fields, unless and until if a manager have a good academics he may not be able to solve academic problems in his company. He should also have good communicative skills and interactive skills, marketing ability, managing the customers and a good personality. R.W. Griffin defines manager as a person who first of all is responsible for realization of management process. In particular manager is “the person, that makes plans and decisions, organizes, supervises and controls...
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...CASE STUDY: THE GENERAL MANAGER I. TIME CONTEXT Acme Kemico, a small chemical outfit, was established in the early part of 1986. It was started as a single proprietorship selling paints and house sprays. The office set-up was composed of nine persons namely: a General Manager who was also the owner of the company; an Office Manager who served as the recruiting officer, accountant and overall supervisor; a lawyer who acted as the company’s legal counsel; five salaried salesmen who are directly under the office manager; and a secretary who was bookkeeper and typist for the company. The general manager was a young man of thirty and a chemistry graduate from one of the leading universities, the office manager as a Master in Business Administration degree. She was a part time professor in business school. A year after, she work as part time in the company and took a full time teaching job. In 1996, management converted the company into a corporation and consequently changed the name. The General Manager-Proprietor became the President of the corporation and at the same time Chairman of the Board of Directors. An Executive Vice-President was hired to handle the financial and production functions of the corporation. He had five men in his staff. He was also a member of the Board of Directors. The Office Manager was promoted to the position of General Manager. The number of salesmen increased to eighteen. Additional product lines were acquired by the corporation and new channels...
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...employees. Today, the company is the largest and the first Employee Assistance Program (EAP) provider in Mainland China, dedicating in improving employees’ psychological capital, relieving personal distress, helping organizations to foster a workforce with Health, Happiness, and High Performance, and enhancing organizational competitiveness and harmony by providing EAP services (“Research Initiatives,” n.d.). Companies (such as Lenovo, China Development Bank, Guangdoing Mobile, Siemens, Samsung, IBM, etc.) came to BEC to provide their employees with psychological assistance benefits in order to reduce stress, to improve employees’ relationships, to improve the work environment, and to increase job satisfaction for all employees. Because of BEC rapid growth in business and profit, it was primarily due to the company had adopted a new project management system. This approach utilizes project managers to organize with employees across different functional departments. As a result, most employees worked on multiple projects and reported to both the department and project managers. This became an issue among employees because of conflict among the managers with task assignments. Employees at times must prioritize their tasks themselves which could result in a task not getting done on time for one of the managers. Another issue within the BEC Company is collaboration between the project and department managers. This is partly due to both managers are on the same organizational...
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...Management and Leadership MGT/330 Management and Leadership Within this paper we will talk about how Sony’s managers and leaders differentiate between management and leadership. Describe the roles and responsibilities that organizational managers and leaders play in creating and maintaining a healthy organizational culture. Evaluate the effect of globalization and management across borders. Recommend at least two strategies that organizational managers and leaders can Managers are those who deal more with the administrative part of the business as the leaders are the visionaries of the company. Leaders inspire people to think for themselves pushing to move the company to a greater future by training, motivation, and focus. Managers must focus on the complexities of the company such as budgeting and planning to keep the company moving forward. Most managers spend their days looking at the company surface which are things such as short-term profits or the stock prices. Leaders spend their days nurturing new ideas or methods of accomplishing the company’s long-term goals. Managers and leaders are not the same, but they must work together to keep a company moving toured the common goal success. The best managers and leaders complement each other. Managers are looking at the here and know whereas the leaders are looking at the future and what is coming up on the horizon. Good leaders must be able understand that one cannot manage people one must lead people into the future...
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