Four Functions of Management Sharon Bubak University of Phoenix MGT/330 July 10, 2012 Tony Balchunas According to Dr. Pikay Richardson, cultural diversity is the existence in a community or organization of people from different backgrounds, of race or ethnicity, or different genders, with different beliefs and values, with different expectations and are at different stages in life (Richardson, 2005). There are four main functions of management which are planning, organizing, leading, and
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any business risk can wield, they must identify, and then the first step in risk management is to find out what kinds of risk the entrepreneur is more probable to see in a finicky job” (Intelecom, n.d). Most business risks can separated into four categories: Property, market, employee, and customers. Each type of commercial enterprise has its own risk, which you have to contend with as soon as you go into that line of study. For illustration, let take retail. With retail, the primary
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THE PROS AND CONS OF INTERNET MARKETING INTRODUCTION: Internet marketing, also known as web marketing, online marketing, webvertising, or e-marketing, is referred to as the marketing (generally promotion) of products or services over the Internet. When Internet was still in its formative years, marketing people used to depend on traditional media such as television, radio, handbills, billboards, newspapers, and magazines. Today, the Internet is premium source for promoting your business.
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Which of the 4P’s is most important? First, let focus on what the “P’s” represent. THE PRODUCT: Exactly what product or service are you going to sell to this market? Define it in terms of what it does for your customer. How does it help your customer to achieve, avoid or preserve something? You must be clear about the benefit you offer and how the customer’s life or work will be improved if he or she buys what you sell. THE PRICE: Exactly how much are you going to charge for your product or
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Answer to the question #1(a): Four group norms that are identified in this case are as follows: (1) The group sticks together (social arrangement norm); (2) The group takes long coffee breaks to catch up on personal news and gossip (social arrangement norm); (3) The group does not like to do any more than what’s necessary, and the group member’s do not finish simple task they are working on (performance norm); and (4) When group members are asked to do more, they say, “It’s not my job” (resource
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1. What are the four stages that social movements often go through? What typically happens in each stage? First step is defining the problem, activists and individuals draw attention. A common second step is acceptance by a community or enough people. New Demands come about when people are not happy with what the government has done to help the situation.Rejection and reformulation is a fourth step a social problem may have to go through if the problem is not resolved or if not enough people back
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Why is a theological motif important for systematic theology? Is it necessary? What part does it play in the theological task? Theological motif has a great deal of importance. It is one of the four theological formulation that expresses the Christian beliefs. "When we move beyond mere haphazard reflection on faith and consciously seek to articulate our beliefs systematically, we step into the discipline called theology"(Grentz 2000). Grentz admits to its importance although it has been
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3. List and discuss the 4 P’s (marketing mix) The ‘Four P’s’ of the marketing mix are, product, price, promotion and place. All of these parameters are controlled by the marketing managers of each company and are focused upon the target market of a particular company. Product- would be the physical, tangible products and services that are offered by the company. The product in which the company is focusing on promoting and marketing is the main good, which will be focused upon for all of the remaining
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INDIVIDUAL ASSIGNMENT Q1. What is meant by the term resources? What are the four factors of production and explain the factors incomes associated with each factor of production (20 marks) a) Resources means being able to produce something that can be a good or service. For e.g. the sun, trees, natural gas, materials, staff. b) The four factors of production are land, labor, capital and entrepreneurship. (i) Land- is considered the natural resources or raw materials we find on the earths surface
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THREATS TO FUTURE STABILITY SECURITY AND PROSPERITY OF THE WORLD: THE MODERN EQUIVALENTS OF THE FOUR HORSEMEN OF THE APOCALYPSE INTRODUCTION 1. The end of the Cold War changed the world order and brought about several challenges for the international system. This occurrence, which was received with mixed feelings around the world, became the precursor of many challenges that we currently face as global citizens. The fall of communism and rapid spread of democracy around the world led to the
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