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Identify some of the specific ethical or social responsibility issues that might be faced by small business managers?
All managers are responsible to ensure that their company and its employees do not engage in any activities and practices that causes unacceptable damage to the environment. They must also ensure that the products supplied by them do not cause unacceptable environmental damage in the course of their use and disposal by users of the product.
Responsibility towards customer:
To give customer value for their money. This includes not tempting or tricking customers into buying product they don't need, or buying or using these products in excess of requirements.
To provide complete and correct information to the customer. This includes not misleading them by dishonest or misleading advertisements.
To keep the promises made to them.
What else can I help you with?
Differences between functional manager and project manager?
project managers and functional managers have different roles and responsibilities in an organization. Project managers take responsibility for completing a specific project or program within a specific time and budget framework. Functional managers have ongoing responsibility for managing the people and resources within a department to meet corporate and financial objectives. To complete certain tasks, both types of manager may work together, sharing resources or people.
Identify the area in business benefits from greater organisation?
Greater organization benefits the business because work can become more productive. Everyone can know specific goals and measurable outcomes when the business is better organized.
What type manager has responsibility for translating the general goals and plans developed for an organization into more specific activities?
The tactical manager has that responsibility.
Is there a line of control in business?
Yes, in business, a "line of control" often refers to the boundaries of authority and responsibility within an organization. It defines who has decision-making power and accountability for specific areas, helping to streamline operations and ensure effective management. Clear lines of control can enhance communication, reduce conflicts, and improve overall efficiency within the business structure.
What is the difference between Asset management Facilities management property management and maintenance management?
Asset management refers to any networks that monitors a group where as facilities, property and maintenance management are more specific. Property managers maintain real estate properties, facilities managers maintain specific space on people and maintenance management refer to managers who maintain the grounds of a property.
Differences between functional manager and project manager?
project managers and functional managers have different roles and responsibilities in an organization. Project managers take responsibility for completing a specific project or program within a specific time and budget framework. Functional managers have ongoing responsibility for managing the people and resources within a department to meet corporate and financial objectives. To complete certain tasks, both types of manager may work together, sharing resources or people.
Who uses financial ratio analysis information?
Banks, lenders and people (buyers) who want to purchase the specific business. managers who want to improve or sustain the business performance
How does one identify areas for improvement in a small business venture?
If one is in charge of a small business venture, then they can identify the specific areas of improvement by analyzing the customers reactions, often with a distributed survey, and pooling the results.
How will managers use financial information to predict outcomes in business?
Managers rely on financial information to determine the number of employees needed to complete specific duties and the cost of products and materials in order to complete tasks.
What is the purpose Security Awareness?
Purpose of Security Awareness is to teach employees how to behave in specific situations, identify threat and how to deal with it. It also helps to explain how to identify, access and process sensitive data. Security Managers use Security Awareness training's to achieve specific requirements of security policies or standards (e.g. the ISO27000)
Importance of business reports?
1) reporting gets you in the habit of running your business like a business instead of an extension of your personal life and finances. 2) reports set a precedent of how operations, meetings and reviews will be conducted in the future as your business grows beyond just yourself. 3) reports give you a collection of data from a finite period in time that is sorted and analyzed based on specific criteria critical to your business.
What is performance index?
A performance index is a measurement tool business owners and managers use to evaluate business operations. These indices can usually be applied to the entire company, specific divisions or departments and individual managers or employees. Business owners and managers often use performance management techniques to ensure their company is operating at an acceptable level. A performance index can also create a benchmark measurement for business operations. Benchmark measurements compare one company's performance information to another company's information.
What is purpose awareness?
Purpose of Security Awareness is to teach employees how to behave in specific situations, identify threat and how to deal with it. It also helps to explain how to identify, access and process sensitive data. Security Managers use Security Awareness training's to achieve specific requirements of security policies or standards (e.g. the ISO27000)
Describe different categories of managers?
Functional managers: oversee specific functions or departments within an organization (e.g., finance, marketing). General managers: responsible for overseeing multiple functions within a business or organization. Frontline managers: supervise and manage the day-to-day operations and activities of entry-level employees. Middle managers: bridge the gap between frontline employees and top-level executives, responsible for implementing the strategies set by upper management.
What is the collective noun for managers?
There is no specific collective noun for managers, in which case a noun appropriate for the situation is used; for example, a crew of managers, a team of managers, etc.
Identify the area in business benefits from greater organisation?
Greater organization benefits the business because work can become more productive. Everyone can know specific goals and measurable outcomes when the business is better organized.
What is a process aging report?
A process aging report is a tool used to track the aging of specific processes or tasks within a business workflow. It shows the status and duration of each process, highlighting any bottlenecks or delays in the workflow. This report helps managers identify inefficiencies and take corrective actions to improve process performance.
