Introduction My company is called Dairiboard Limited Company. It is based on producing liquid milks, foods and beverages. The company manufactures and quality food and beverages products. It was introduced on 1 October 1952. It was listed on the stock exchange on 15 September 1997. The company offers milk products yoghurt, fresh milk, steri milk and fresh cream. Food like mello ice, monsta mouse and also beverages like cascade, quench and nutri plus. The company’s vision is to be the best and most
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using a questionnaire can be used to collect data about the satisfaction of the customer. The increase or decrease in the number of customer served can also be sued to assess the satisfaction of customer and therefore the improvement in quality (Drucker, 2004). The other way can be through the assessment of the internal quality marked by the efficiency of the internal operation of the hotel. This can be assessed by the way in which hotel function in scheduling of jobs, reduction in internal conflicts
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realistic and tangible. MBO itself was first outlined by Peter Drucker in 1954 in his book “The Practice of Management”, in which he highlighted the principles of MBO: cascading of organizational goals and objectives, specific objectives for each member, participative decision making, explicit time period, performance evaluation and feedback. The concept by Peter Drucker can be seen on diagram 1. Diagram 1 – The 5 step MBO process (Drucker, 1954, The Practice of Management) As further detailed by
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------------------------------------------------- Myth 5: Entrepreneurs Must Fit the "Profile" Entrepreneurs and Entrepreneurship: An Introduction It is not easy to give a particular answer to the question: Why do people want to start and run independent businesses? Different answers may come from different people. Some people may start a business just because they love independence and hate to tolerate bossing in the jobs. Some may not have the capability and qualification to do a job and
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that any business that loses money will go bust. Profits are necessary for any ongoing business operation; however the fact that a business makes a profit does not explain the purpose of the business. According to Minnesota Business (2010) Peter Drucker, father of the modern management profession, believed that: Profitability is not the purpose of, but the limiting factor on, business enterprise. Profit is not the explanation, cause or rationale of business decisions, but a test of their validity
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of people, and the evaluation of performance directed toward group objectives. In addition, our society simply could not exist as we know it today or improve its present status without a steady stream of managers to guide its organization. Peter Drucker makes this same point in stating that effective management is quickly becoming the main resource of developed counties and the most needed resource of developing ones (Certo, 1986). In short, management is very important to our world. Then, what is
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leadership, however the standard definition can be defined as “leadership is the lifting of people’s vision to a higher sight, the raising of their performance to a higher standard, the building of their personality beyond its normal limitations” (Drucker, 1985). As one would be able to agree is that the basis of the concept is about ‘people’ and ‘vision’. One of the many famous political leaders was Nelson Mandela. His leadership style was being a charismatic leader. Charismatic leaders adopts
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For example, one of most popular marketing texts notes in the first chapter that “the marketing concept is often referred to as ‘market orientation’”. This might have been the case till 1990, but ever since, we distinguish between the two terms. Drucker (1954) may have been one of the first theorists to suggest that creating satisfied customers was the only valid definition of business purpose. Webster (1988) summarized the marketing concept by noting that “executives must put the interests of the
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entrepreneur, and the personal principles that I would choose to apply in leadership. To begin, we need to define the common elements in the theories/philosophies in entrepreneurial leadership. For example, Steve Case, James Kouzes and Peter Drucker share a commonalty in their theories based on leadership. They all agree that vision, innovation, commitment, core values, authentic, dedication, and willing to take risks or as Steve Case phrased it “ having fortitude to see it through” (2)
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This article is written by Frankki Bevins and Aaron De Smet on January 2013 about Making Time Management the Organization Priority in the McKinsey Quarterly. Time-scarcity problem have become serious over the recent years. According to the research and experience of the authors, they suggest that leaders who are serious about solving this problem must stop thinking about time management as an individual problem and start addressing it institutionally. Time management have become a concern to the
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