1. In the management of cash and marketable securities why should the primary concern be for safety and liquidity rather than maximizing of profit? Justify your views.
CRM Composite risk Management
The first 8 Principles of operations management are know customer, continual rapid improvement, unified purpose, know the competition, focus, organize resources, invest in human resources, and maintain equipment. The second 8 Principles of operations management are simple best equipment, poka zoka, cut flow time, cut set up, pull system, total quality control, fix causes, and visibility management.
1. Know Customer 2. Continual Rapid Improvement 3. Unified Purpose 4. Know the Competition 5. Focus 6. Organise Resources 7. Invest in Human Resources 8. Maintain Equipment 9. Simple "Best" Equipment 10. Poka Zoka 11. Cut Flow Time 12. Cut Set-up 13. Pull System 14. Total Quality Control 15. Fix Causes 16. Visibility Management
An Integrated Management System (IMS) refers to a unified framework that combines multiple management systems within an organization into a single cohesive structure. These management systems could include various standards, guidelines, and processes that the organization follows to achieve its objectives, improve efficiency, ensure compliance, and enhance overall performance. Organizations often deal with multiple management systems related to different aspects of their operations, such as quality management (ISO 9001), environmental management (ISO 14001), occupational health and safety (ISO 45001), information security (ISO 27001), and more. Each of these systems comes with its own set of requirements, processes, and documentation. An IMS aims to streamline and simplify these systems by integrating their common elements, processes, and documentation. This integration offers several benefits: Efficiency: By consolidating overlapping processes and resources, an IMS reduces redundancy and streamlines workflows, leading to increased efficiency. Consistency: An IMS ensures that consistent practices are followed across different areas of the organization, reducing confusion and promoting standardized approaches. Resource Optimization: With an integrated system, organizations can optimize resource utilization, including personnel, time, and technology. Risk Management: An integrated approach can provide a more holistic view of risks and opportunities, helping organizations address potential issues more effectively. Cost Savings: Eliminating duplication and redundancy can result in cost savings in terms of time, effort, and resources. Sustainability and Compliance: An IMS can help organizations meet regulatory requirements and maintain compliance with multiple standards in a more streamlined manner. Improved Communication: An integrated system fosters better communication and collaboration across different departments and functions. Implementing an IMS requires careful planning, coordination, and communication across the organization. It involves assessing the existing management systems, identifying commonalities, establishing a framework for integration, and updating documentation and processes accordingly. The organization might need to undergo training and cultural adjustments to ensure successful adoption of the integrated approach. It's important to note that while an IMS offers many benefits, it can also be complex to implement, especially in larger organizations with diverse operations. However, if executed effectively, an integrated management system can lead to improved overall performance, increased customer satisfaction, and a more efficient and effective organization.
Modes of strategic management are the approaches adopted by managers in formulating and implementing strategies. They address the issues of who has the major influence in the strategic management process and how the process is carried out. Managers generally use of one of three major approaches to strategic management: entrepreneurial, adaptive and planning. Adaptive Mode: This is an approach to strategy formulation that emphasizes taking small, incremental steps reacting to problems rather than seeking opportunities and attempting to satisfy a number of organizational power groups. The adaptive mode is characterized thus, by some familiar features: 1) The focus is on solving problems of immediate concern, rather than developing long term strategies. 2) Instead of meeting problems head-on in a bold way, the executive try to follow a reactive approach. 3) This approach is used by managers in established organizations that face a rapidly changing environment and yet several coalitions or power blocks, that make it difficult to obtain agreement on clear strategic goals and associated long term plans (Mintzberg) 4) The emphasis is on taking small, incremental steps aimed at appraising powerful coalitions within the organization. Since power distributed it is always not possible to develop major goals, take bold initiatives and get ahead in a unified way.
Composite risk management is the unified process the army uses for risk management.
Composite risk management is the unified process the army uses for risk management.
Unified Communications
CRM Composite risk Management
CRM Composite risk Management
Local Emergency Planning Committees
Nims Unified Command is incident management performed by representative by several agencies. That is to assure that consistent responded.
David Patrick Graham has written: 'The impact of the Marine Corps unified materiel management on inventory management in the Marine Corps' -- subject(s): Management
True
UML stands for Unified Modelling Language. This can be applied to a hotel management system as it outlines all of the key "actors "such as the reception desk and management as well as their functions and responsibilities.
In the Incident Command System, a Unified Command is an authority structure in which the role of incident commander is shared by two or more individuals, each already having authority in a different responding agency. Unified command is one way to carry out command in which responding agencies and/or jurisdictions with responsibility for the incident share incident management.
Retain their organizational independence.