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What information can organisations give to suppliers to assist with shaping their expectations?
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Explain factors influencing managerial decision making what are various important decisions in different functional management?
Ans: Critical managerial decision making is the key to superior performance at work. One has to refer to critical Data, past records and performance metrics and analysis before making decisions. Mc Kinsey study tries to assess the various factors which influence decision making at work. Executives often end up referring to wrong sources, which lacks scientific rigor and credentials in its finding, for arriving critical decisions. Just because one strategy works for a particular organization may not prove to be equally effective for other enterprises. Unfortunately, many of the studies are deeply flawed and based on questionable data that can lead to erroneous conclusions. Worse, they give rise to the especially grievous notion that business success follows predictably from implementing a few key steps. In promoting this idea, authors obscure a more basic truth—namely, that in the business world success is the result of decisions made under conditions of uncertainty and shaped in part by factors outside our control. In the real world, given the flux of competitive dynamics, even seemingly good choices do not always lead to favorable outcomes. This reliance on questionable data, in turn, gives rise to a number of further errors in logic. Two delusions—of absolute performance and of lasting success—have particularly serious repercussions for business strategists. It’s actually a real problem which many strategist face and typically too much of analysis may lead to complicated or erroneous conclusions if the context of the reference is not verified. Sometimes a single factor can be picked up as a major perceived thereat and instead of finding a meaningful and objective solution based on organizations own reality decisions may be unduly influenced by halo impressions. The following are the factors influencing Managerial decision making 1. Preparation of Budget:- Decision-making involves budget allocation i.e., resource allocation to various aspect of decision. Budget may be allocated to various factors of production. 2. Future Development:- Strategic plans are usually expected to have a significance future prosperity of the organization. This is because there is a long-term commitment. In case of absence of long-term commitment the firm cannot achieve future development. 3. Orientation:- Strategic planning should keep in view of the competition existing in the market. Some times firms have to face non-price competition. 4. Factors of Environment:- Plans are always influenced by business environment always influencing factor for decision-making. There may external or internal that influence business. Buyers, Suppliers, government and competitors are likely to react in accordance with changes in environment. Thus business also should act in the same passion. 5. Risk:- Strategic plans mostly face the problem of risk. The plans should able to tackle the risk bearing capacity. Risk and uncertainty are two important aspects, which can not be expected by business man. The following are the various important decisions in different functional management. 1. Planning:- It is a stage of “Strategic Formulation”. Strategic formulation includes forecasting, formulating objectives, policies and goals. 2. Organizing:- It is strategy implementation process. It includes all those managerial activities that result in a structure of task, authority and responsibility relationship. 3. Directing:- It also comes under strategy implementation process. Directing involves efforts directed towards shaping human behavioral. It includes; leadership, communication, motivation, morale, organizational change etc., 4. Staffing:- Recruitment is an important function of Staff. Man power is required to implement strategies. 5. Controlling:- It can be called as Strategy Evaluation. Controlling refer to all those activities directed towards assuring that actual results are consistent with planned targets. Mr. G. Lakshman Rao, M.Com, M.Phil, E.Com, LL.B
Who founded the United Nations?
The United Nations was founded on October 24 , 1945 and was the result of a collaboration between 51 countries. The primary founders of the organization were the United States, the United Kingdom, and the Soviet Union, who drafted the United Nations Charter. The United Nations was founded in the aftermath of World War II in order to promote international peace and security .
Best Ways To Make Money Online?
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Is spirituality appropriate for business?
Spirituality in the Workplace" is a concept that evolved over my many years of experience managing a thriving corporation. I believe the intentions and motives behind every decision made on behalf of a business, its leadership, and its employees manifest into positive or adverse consequences based on the purity of the original intentions and motivations with which such decisions are made. In short, ill intentions result in negative consequences. Pure intentions result in positive consequences or success, even if the only positive is a successful learning experience. Employee morale has a direct influence on productivity, which is why organizations spend large sums of money trying to make working environments comfortable, pleasant, and even luxurious. When sincerity and pure motives are combined with highly developed business leadership and consistent decision making skills, the outcome is a powerful and highly motivated organization. In searching for business solutions, one must be innovative in developing ways to positively impact not only the client but also co-workers and peers. "Spirituality in the Workplace" is more than just a concept; it is a practical method for attaining business success. Nowadays, it is a proven fact that a strong connection exists between mind and body. Studies reveal how many people who have illnesses, like heart disease or cancer, also suffer from depression as part of a vicious cycle. Physical ailments create emotional depression, which in turn produces stress that worsens the underlying physical condition. Fascinatingly, modern science shows conversely that a positive attitude can improve health which in turn can increase longevity. What a powerful panacea. Extended scientific observations and experiments have also shown that alternative medicine techniques such as meditation, guided imagery, and, even more effectively, prayer can also alter the course of terminal illness, reduce medical treatments, and even minimize hospital stays. Indeed, spirituality and all that it encompasses is critical to good health. If we subscribe to the theory that "all created matter has a Creator" and "The source of all creation is a higher power which exudes positive energy," rather than a negative force, we will develop ways to attract the higher energy to fuel our positive mind, soul, and spirit. As business people seeking success, we should consider new methods and techniques which connect with a Higher Power. Organizations which practice positive psychology and invest in employee motivational programs have been shown to reap rewards in the form of improved employee performance and self-reported employee satisfaction. These results generally translate into increased sales and ROI (Return on Investment). This is the philosophy that has become a part of my corporate culture at MMC. We have seen the positive results demonstrated through measurable benchmarks for managers and staff alike as "Spirituality in the Workplace" exudes strong work values and moral ethics. When their best intentions direct their efforts, employees do not have to engage in conduct that repents for errors in their work performance. Practicing "Spirituality in the Workplace" creates win/win results for everyone involved. Employers, employees, and even customers no longer have the need to question the motives of service providers. This brief evaluation of a strategy that has evolved over the past 25 years in my organization is proof that a simple, inexpensive management tool has helped MMC to gain tremendous financial rewards and to train highly motivated employees who genuinely exhibit great respect for one another. Many organizations spend millions of dollars to develop a work environment purportedly designed to nurture the minds of employees for the benefit of maximizing productivity. The claim, of course, is that the millions invested will lead to higher profitability and an edge over competitors. Human beings want to be treated fairly, equitably, and respectfully. We are quick to demand respect when we believe the treatment we receive runs contrary to that paradigm. However, our attitudes and entitlement take on a different shape only when we are on the receiving end of the treatment we wish all would aspire to. A supervisor's ego should never become an obstacle to developing mutually respectful employee/employer relationships. And managers should never lose sight of the fairness of demands imposed on employees who are being driven to maximize profitability. If managers or business owners considered subordinates' positions before making decisions that would impact them, decisions might be made differently. Decisions might be made to guarantee fairness and equity that would increase levels of trust and improve interactions between manager and employees. The two would work more like partners focused on the business of producing results. Now, if the level of mutual respect and love were enhanced, interactions between managers and employees could only result in successful collaboration. Under these conditions, it becomes unnecessary for management to spend valuable time evaluating the sincerity of subordinates, or for employees to question the sincerity of their supervisors' motives. The time saved from practicing "Spirituality in the Workplace" can assure time for creativity, innovation, and higher productivity with great success. Work places are socio-economic chambers and silos. The environment that an employee arrives to on a daily basis in order to perform and create output for monetary gain can be seen as a vacuum. If an individual arrives at work with the thought that she or he is there to be treated and used as a tool rather than as a contributor to the advancement of thme greater community, the results are unpredictable. An employee who feels their performance has an impact on shaping the organization and the larger community, by contrast, exudes confidence and pride that makes his or her contributions to the organization invaluable. The organization that empowers the employee to be a source for delivering fairness, equity, and respect has a major advantage over the organization that limits the employee to merely waiting to receive fairness, equity, or respect from others. Leaders in corporate America, from the budding business to the most complex, well-established enterprise, need to take a fresh look at organizational goals. Is it the happiness of the employee or the quest of reaching output goals and quotas that drives their business culture? Put plain and simply: happier employees perform better. It behooves managers and business owners then to recognize how spirituality affects the workplace. If we tie personal attributes and abilities to our spirit, which is a driving force for emotions and personal interactions, managers and business owners can begin to open new channels for greater positive energy from an inexhaustible source. One spiritual commentator describes prayers and mediation as remedies for clearing the clogged arteries of our soul. Because individual needs differ, just as our appetite for food and its consumption varies, I will leave you with this proverbial food for thought. Atthe end of the day, we are all human beings with hearts and souls. Everyone has different lives and different issues; however the one thing that unites us - especially in the workplace-is that we are all trying to do our best and to have our work appreciated, for the benefit of making the world a better place to live. Contentment in the workplace, bred by a sense of spiritual fulfillment, is every bit a valuable commodity. Our attitudes and entitlement take on a different shape only when we are on the receiving end of the treatment we wish all would aspire to.
What information can organisations give to suppliers to assist with shaping their expectations How can organisations continually improve procedures used to communicate with suppliers?
Ask for feedback from your suppliers and internal customers and give feedback to your suppliers. Without this constant exchange of information you will not know wheter the work you pass on to others in the organisation is meeting the expectations and your suppliers will not know whether you are happy with their contribution.
How can expectations affect the perceptions of others?
Expectations can influence the perceptions of others by shaping how we interpret their behaviors, leading us to see what we expect to see rather than what is actually there. When we have specific expectations of someone, we may selectively pay attention to information that confirms those expectations while overlooking information that contradicts them. This can create bias and impact how we interact and communicate with others.
Describe how cognitive processes can influence perception?
Cognitive processes, such as attention, memory, and expectations, can influence perception by shaping how we interpret and make sense of sensory information. For example, selective attention directs our focus to certain aspects of our environment, while memory stores past experiences that can affect how we perceive similar stimuli in the future. Additionally, our expectations and beliefs can influence our interpretation of ambiguous or unfamiliar stimuli.
Where can a person go to find out more information on eyebrow shaping?
The websites Eyebrowz and Eyebrow Shaping offer detailed information on the subject. Youtube also carries many instructional videos, though it can be tedious to dig through the numerous search results.
What is the motto of Nepal College of Information Technology?
Nepal College of Information Technology's motto is 'Shaping minds, moulding dreams, building careers'.
How does an individual find more information about nose shaping surgery?
One can find more information for nose shaping surgery by contacting a plastic surgeon in the area. A professional surgeon will be able to answer all questions one may have regarding prices, recovery time and options.
What has the author Ryron Long written?
Ryron Long has written: 'Shaping social space from information space'
What has the author Glenn C Bacon written?
Glenn C. Bacon has written: 'Forces shaping the new information paradigm' -- subject(s): Information science, Information technology
What is feedback in mass communication?
the media of mass communication are significant in shaping public perceptions of issues through the choice of information disseminated and interpretation of the information.
What are three methods of shaping steel?
milling, turning and shaping on a shaping machine .
What is rough shaping?
shaping somethingt that is rough uwotm8.
What is information in the information age regarded as?
In the information age, information is regarded as a valuable resource that drives economic, social, and technological advancements. It is seen as a commodity that holds power and influence in shaping decisions, fostering innovation, and connecting people globally.
