0
What else can I help you with?
Why it is important for you to learn managerial skills and roles?
to control the organization
What are the advantages of Decision supporting system?
Decision support systems, commonly referred as DSS, are interactive software-based systems that supports managers in decision making. Their advantages include, enhance effectiveness in decision making, saves time, provide new insights, improves interpersonal communication, provide competitive advantage, encourages learning or training, increase decision maker satisfaction, cost reduction, helps automate managerial processes, and increase organizational control.
Scope of managerial research in research methodology?
Managerial economics may be viewed as economics applied to problem solving at the levels of the firm. The problem relates to choices and allocation of resources, which are basically economic in nature and are faced by managers all the time. Managerial research is also known as operations research. It was undertaken for the first time in Second World War in America. It is also interdisciplinary research done by mathematicians, tacticians, Engineers and other Scientists. The operation researchers developed concepts of linear programming, inventory models and game theory. They attempted to attain optimization. The framework of optimization has been used a great deal in managerial economics. The operation research has influenced managerial economics through its new concepts and models for dealing risk and uncertainly. Managerial economics it primarily an aid to analyse and decision making in the context of the firm. But in the management more than decision making, the implementation, control and conflict resolutions are also covered. Managerial research is concerned with decision making at the managerial level it considers the alternative theories of firm behaviour, decision making problems and different approaches to arrive at the most appropriate answers to such problems. It draws heavily from Microeconomics, Econometrics and operation research. The decision making area is related to the production decisions, the exchange decisions and consumption decisions. The case study method is useful in managerial research. It helps us to look for and organised the data and evidence relevant to the problem at hand. A manager does not get all data he needs well organised and presented to him on a platter. The cases may bring out the complexity of the environment in which managers have to take decisions.
What is the non-managerial employee?
It is the category of employees that perform tasks not involving the direction and control of enterprise activity.
Why is span of control important?
Span of control is important to increase managerial effectiveness. It is also important in increasing morale among staff, as well as improve health and safety of employees.
What has the author Jerold L Zimmerman written?
Jerold L. Zimmerman has written: 'Accounting for decision making and control' -- subject(s): Managerial accounting, Management, Decision making, Accounting 'Accounting for decision making and control' -- subject(s): Managerial accounting
How you change the port for the Plesk Control Panel interface?
It is not recommended that one should change the port for the Plesk Control Panel Interface as it can cause disruption to integration between components.
Define backward and forward integration?
backward integration is a form of vertical integration in which firm's control of its inputs or supplies. forward integration is a form of vertical integration in which firm's control of its distribution.
Why it is important for you to learn managerial skills and roles?
to control the organization
What are the components of a management control system?
components of control system
In managing the business of a restaurant what are some decision that must be made in the areas of strategic planning managerial control operational control?
Restaurant businesses can be complicated. You need to have a plan for what all employees must do, how the food will get prepared on time, customer service, and if something goes wrong.
List three stages required for a control system to operate?
1. The nature of the information flow designed into the system.2. The kind of components included into the system3. The relationship of control to the decision process.
What cultures are more likely to have rigid managerial control systems in their organizations?
Cultures with a hierarchical social structure, such as those in many Asian and Middle Eastern countries, are more likely to have rigid managerial control systems in their organizations. These cultures value authority, obedience, and clear lines of command, leading to a preference for top-down decision-making and strict adherence to rules and procedures.
A set of interrelated components that collect process store and distribute information to support decision making and control in an organization best describes?
IS (Information Systems)
What are the four traditional techniques of managerial control?
Statistical Control Reports Break Even Analysis PERT CPM
What functions comprised in managerial skills?
Plan Organize Communicate Direct Control
What is the difference between virtual integration and vertical integration?
Virtual Integration is to have control on the departments or businesses in the chain without owning them.where, Vertical Integration is like owning the departments or businesses in the chain.
