1. Meaning, nature and significance of management MEANING Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources
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have been coined by various famous and renowned authors, academicians and also from the various institutes. In today’s business active world lot of attention have been shed on leaders and various notions of leadership linked with them. Peter Drucker, in his work in 1954 pointed out that “Leadership is of utmost importance. Indeed there is no substitute for it. But leadership cannot be created or promoted. It cannot be taught or learned”. In an orthodox composition on ‘Kantian theory of Leadership’
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The Negative Effects of Processed Foods Food is one of life’s main essentials to sustain viability. The ongoing growth, maintenance and repair of the body depends deeply on the energy and nutrients supplied to the body through foods. The nutrients that food delivers to the human body is an amazingly, dynamic process that keeps people alive and well. The Centers for Disease Control and Prevention reports that over 25 million people in America have diabetes; 215,000 of those are children and over
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Knowledge Management John C. Davis 50044480 Final Manuscript TMGT 513.01W Knowledge Management in Engineering and Technology Abstract Knowledge management is the study of how knowledge is captured/collected, stored and shared/disseminated. This knowledge is important to companies in order to grow and stay competitive. Knowledge management started with cavemen telling stories to pass down information. Later with the creation of written language and the internet knowledge storage
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DEVELOP & IMPLEMENT STRATEGIC PLAN DEVELOP & IMPLEMENT STRATEGIC PLAN Introduction: The purpose of strategic or long-range planning is to assist the Association in establishing priorities and to better serve the needs of the membership. A strategic plan must be flexible and practical and yet serve as a guide to implementing programs, evaluating how these programs are doing, and making adjustments when necessary. A strategic plan must reflect the thoughts, feelings, ideas
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Peter Drucker – the only purpose of business is to create and keep customer Whoever is closest to customer is the most valuable employees “if you write a sentence in business without a number you’re doing something wrong” 3 contributions and 3 questions Insights – wow factor Implications – so what is the impact of the insight over business Porter’s five forces – Shows how value is captured Threat to substitute Intensity of competitive of competition Power of buyers Power of
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Leaders vs. Managers Leaders vs. Managers In the business world, it is often asked if you are a leader or a manager? There are many people who do not even realize there is a difference between the two. The differences are so vast that it is important to realize what they are so one can decide what they will become as they graduate college and enter the business world. One might argue that it does not matter what you are, as long as you get the job done. This might be true but to be successful
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business purpose: to create a customer... It is the customer who determmes what the business is.... Because it is its purpose to ereate a customer, any business enterprise has two—and only these two—basic tunetions: marketing and innovation —Peter F. Drucker. The Practice of Managetnent n recent years, an increasing number of studies have focused on the concept of "market orientation" with the aim of understanding the effect of corporate culture on organizational performance (e.g., Greenley 1995; Kohli
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BIBLIOGRAPHY A. BOOKS Altares, Priscilla S. et al (2003), Elementary Statistics: A Modern Approach, Quezon City: Rex Book Store Inc. Ardales, Venancio B. (2008), Basic Concepts and Methods in Research, Third Edition, Manila: Educational Publishing House. Bilbao, Purita P. et al (2006), “The Teaching Profession,” Quezon City: Lorimar Pub. Co., Inc. Broto, Antonio S. (2006), Statistics Made Simple, 2nd edition, Mandaluyong City: National Book Store. Bucher, Katherine T. (2003), Classroom
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Sole traders A sole trader describes any business that is owned and controlled by one person - although they may employ workers. Individuals who provide a specialist service like plumbers, hairdressers or photographers are often sole traders. A hairdresser trimming someone's hair Sole traders do not have a separate legal existence from the business. In the eyes of the law, the business and the owner are the same. As a result, the owner is personally liable for the firm's debts and may have to
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