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Capacity management is the ability to balance demand from customers and the ability of the service delivery system to satisfy the demand . This places an emphasis on understanding first the nature of demand by forecasting (Lovelock, 1984) and second the options for managing capacity to meet the expected demand. Sasser (1976) has suggested two basic strategies for managing capacity in services of "Level" and "Chase", the former applicable where capacity is limited and hence the focus is on influencing demand to be in line with capacity, and the latter strategy being possible when supply can be changed to keep in line with demand. Capacity management in services to match supply and demand has a direct influence on the ability of the service delivery system to achieve service quality and resource productivity targets. Capacity management in service operations is a testing activity for operations managers because the nature of the service delivery process and the involvement of the customers in the process restricts the normal options open for controlling the process to match supply with demand; namely, altering the capacity, holding and inventory in anticipation of demand, and requiring customers to wait for the service.
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
The role of a Managing director is to manage the whole corporation and direct the organisation to meet the over aims and objectives.The skills needed:effective communicationexcellent leadership and managementable to interact with anyonehave critical thinkinggood with problem solvingEducation wise;should have a masters or bachelor's degree in business studies or business administration.The age of the managing director can change in the future, but far more experience and as technology is coming apart of organisations therefore the managing directors will need to have more skills using technology like ICT equipment, camera meetings and better leaderships skills as the managing director will of gained them.
what is mean of extrapolation in management practise?
Efficiency = quick and effective way of managing time and resources.
There are three types of uncertainty when owning or managing a small business. The three types of uncertainty are state uncertainty, effect uncertainty and response uncertainty.
John C. Chicken has written: 'Risk handbook' -- subject(s): Decision making, Risk, Uncertainty 'Managing Risks and Decisions in Major Projects' 'Real Management'
Gulliver would likely describe Flimnap as a shrewd and cunning individual, skilled at managing finances and manipulating situations to his advantage. He may also mention Flimnap's tendency to prioritize his own interests above others when making decisions.
What is the strength of a organization.
A sole proprietor makes the decisions. In a partnership, the decisions are generally made by the senior or managing partners. A business which is owned by stock holders is generally run by a CEO who makes most decisions, however stock holders vote on decisions at the annual meeting.
Matrix management is the practice of managing individuals with more than one reporting line. It is commonly used to describe managing cross functional.
Risk supervision refers to the continuous monitoring and control of potential risks and uncertainties that may impact an organization's objectives or projects. It involves identifying, assessing, and managing risks in order to minimize their negative impact and maximize opportunities. Effective risk supervision helps organizations make informed decisions and maintain resilience in the face of uncertainty.
Laptops and computers differ when it comes to managing files. Computers, in general, tend to have a larger capacity for storage as compared to laptops. Managing a large quantity and/or size of files may therefore be easier on a computer.
haw far i can work
A businessperson is an individual engaged in commercial activities, such as managing operations, making strategic decisions, and driving growth. They often possess strong leadership skills, an entrepreneurial mindset, and a deep understanding of market dynamics. Success in business typically involves qualities like innovation, adaptability, and a focus on creating value for customers.
Infomania is a term used to describe the excessive and constant need for information and the difficulty in managing it. It refers to a state of being overwhelmed by abundant data and struggling to focus or make meaningful decisions due to the constant distractions of technology and information overload.
A townhead is a term used to describe the leadership or governance structure in a town. This typically includes elected officials such as a mayor or town council members who are responsible for making decisions on behalf of the town and its residents. Townheads play a key role in managing and overseeing the administration and development of the town.