Management and Supervision

Management is making a business run efficiently and strategy is making sure that you are in a great position not only for today, but in the future.

500 Questions

Which EPMS function has Three components or manpower management accession and retention management and training?

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Asked by Wiki User

The function you are referring to, which includes three components related to manpower management, accession management, and retention management, is commonly associated with Human Capital Management (HCM) or Human Resources Management (HRM) within the context of an Enterprise Performance Management System (EPMS). Let's break down the three components:

Manpower Management:

This involves planning and overseeing the organization's workforce. It includes activities such as workforce planning, job design, organizational structure, and ensuring that the right number of employees with the right skills are available to meet organizational goals.

Accession Management:

Accession management is related to the recruitment and onboarding of new employees. It includes strategies for attracting talent, the hiring process, and the orientation of new hires to the organization's culture and policies.

Retention Management:

Retention management focuses on strategies to retain valuable employees. This includes employee engagement, talent development, career planning, and creating a positive work environment. Retention management aims to reduce employee turnover and ensure the organization retains its top talent.

These components collectively fall under the broader umbrella of Human Capital Management or Human Resources Management, which is concerned with managing the workforce to achieve organizational objectives. In an EPMS, these functions are integral to optimizing the performance of the workforce and aligning it with the overall goals and strategy of the organization. Properly managing manpower, recruiting and onboarding effectively, and retaining skilled employees are critical aspects of organizational success.

Define the control process in project management?

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Asked by Wiki User

The control process in project management involves monitoring, comparing, and adjusting project performance to ensure that goals are met. It includes measuring progress, identifying variances, and implementing corrective actions to keep the project on track.

What are the advantages of break even?

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Asked by Wiki User

Break-even analysis is a financial calculation that helps businesses determine the point at which their total revenues equal their total costs. This point is known as the break-even point. The advantages of break-even analysis include:

Decision-Making: Break-even analysis helps in decision-making processes, especially when considering factors like pricing, cost control, and production volume. It provides insights into the minimum level of activity required to avoid losses.

Setting Prices: Businesses can use break-even analysis to set prices for their products or services. Understanding the break-even point allows companies to establish a pricing strategy that covers both variable and fixed costs, ensuring profitability.

Cost Control: Break-even analysis highlights fixed and variable costs. This information is valuable for cost control efforts, as businesses can identify areas where costs can be reduced to achieve a lower break-even point.

Profit Planning: Businesses can use break-even analysis as a tool for profit planning. By understanding the relationship between costs, revenue, and profits, companies can develop strategies to maximize profitability.

Financial Forecasting: Break-even analysis aids in financial forecasting. It provides a framework for estimating the financial impact of different scenarios, helping businesses make informed decisions about their future operations.

Investment Decisions: When considering new projects or investments, break-even analysis can be used to assess the feasibility and potential profitability of these ventures. It assists in evaluating the risk associated with different business initiatives.

Performance Evaluation: Break-even analysis helps in evaluating the financial performance of a business. By comparing actual performance to the break-even point, businesses can assess their efficiency and take corrective actions if necessary.

Leverage Points: Understanding the break-even point helps identify leverage points where changes can have a significant impact on profitability. For example, increasing sales volume or reducing fixed costs can move the break-even point lower.

Loan Applications: Lenders often require businesses to demonstrate a clear understanding of their financials. Break-even analysis provides a comprehensive overview of costs, revenue, and profitability, which can support loan applications.

Benchmarking: Break-even analysis can be used for benchmarking against industry standards. This allows businesses to compare their financial performance with similar companies and identify areas for improvement.

In summary, break-even analysis provides valuable insights for businesses to make informed decisions about pricing, cost management, and overall financial strategy. It serves as a practical tool for assessing the financial viability and sustainability of a business operation.

Can management be learned through books or only through experience?

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Asked by Wiki User

In any skill, one who relies solely upon "book learning" or their own experience is a fool. To rely only upon one's experience is to fail to learn from the vast lessons of the experiences of others. You wind up making easily-avoided rookie mistakes. On the other hand, one who only learns from books really isn't learning. They're just memorizing trivia. The lessons contained within books have resonance when they fit in with a practical working knowledge of the subject/practice.

What are the principal forms of business organization?

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Asked by Wiki User

The principal forms of business organization include sole proprietorships, where one person owns the business, and corporations, which are legal entities separate from their owners, often with shareholders and a board of directors.

What is the nature and scope of supply chain management?

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Asked by Wiki User

The nature and scope of supply chain management involves the strategic coordination of various activities, processes, and resources within a company and its partners to ensure the efficient flow of goods and services from production to consumption. It encompasses activities like procurement, production, distribution, logistics, and customer service. In the context of your company, Global Logistics Alliance, the Secure Logistics Alliance can be a strategic partnership to enhance security and efficiency in the supply chain, focusing on safeguarding the movement of goods from potential threats, ensuring smooth operations, and ultimately improving customer satisfaction. This collaboration can encompass security protocols, technology integration, risk management, and process optimization to strengthen the overall supply chain.

Discuss som recent contribution to management thoughts?

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Asked by Wiki User

One recent contribution to management thought is that of Henry Fayol. It is about reflection and theoretical analysis of managerial career and setting principles.

What are the simlilarities of the four functions of management?

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Asked by Wiki User

the main functions and responsibilities of managers in today's organizations

What are the advantages and disadvantages of portfolio analysis?

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Asked by Wiki User

Portfolio analysis is valuable in commerce and investing.

In Commerce, portfolio analysis provides a view of the company's product mix to determine the optimum allocation of resources. Market growth rate and relative market share are the most common measures used in portfolio analysis.


  • Management is encouraged to evaluate each of its businesses individually, allowing them to set goals and allocate resources for each.
  • Use of external oriented data is used to supplement management's intuitive judgment.
  • Issues of cash flow are raised, so availability of cash for use in expansion and growth can be examined.


  • Product/market segments are not easily defined.
  • Though it provides an illusion of scientific rigor, some subjective judgments are involved.

In Securities, portfolio analysis is used to analyze investments relative to an idealized balance of holdings and to optimize allocations.


  • Lagging assets can be identified and modifications to investments can be adjusted.
  • How assets have performed over time can be examined.
  • A comparison of the holdings in the portfolio can be compared with different indexes over time.
  • An attempt can be made to identify the relative risk of the holdings in the portfolio.
  • Areas in which holdings are concentrated can be identified in order to give the investor an idea of where he might be exposed.


  • The analysis is based on the subjective evaluation of the analyst.
  • The analysis is dependent on the availability of data, which may be difficult to get for certain assets. This can make accuracy difficult.
  • Assets have complex attributes that portfolio analysis may not take into consideration. For example, businesses that are seasonal.

What are the disadvantages of time management?

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Asked by Wiki User

i dont now for myself not for you

Time Management is the process of Managing your time effectively by consuming less time and more proformance.

Time Management is the process of Managing your time effectively by consuming less time and more proformance.

Time Management is the process of Managing your time effectively by consuming less time and more proformance.

Well the disadavantages is really that it would be hard to change the actual schedual you have planned and if you have changed it you would have to resend it so its a running document and in my opinion is a pain consantly changing a running doc.

What is employee empowerment?

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Asked by Wiki User

Employee empowerment concept refers to enlargement of an employee's job responsibility by giving him the authority of decision without approval of his immediate supervisor. Check out this article for more detailed answer in the Related Link below.

What are some major industries in Maryland?

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Asked by Wiki User

Maryland is most noted for its seafood industry. Mostly for its blue crabs. Blue crabs are a staple to Maryland summer time.

What are important considerations when working with customers?

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Asked by Wiki User

I consider the most important when working with customers is to know about all the information about them. To understand in their situation. You should know their moods. And always have a good explanation about their question. You don't always need an answer but show you are willing to go the "extra mile" . You need to be patient & understanding. Keep the customer at the forefront and remember that the customer is always right or let them think they are.

And I also consider working with our customers is how we satisfy or to encouraged them to deal with our offers. But first, you could only do that if you had the skills in good communication with different types of people. Because the way you talked with them, the more they'll understand the offer, so tendency, they will encouraged buying. So, good communication is one of the important characters of how you deal with it. Then second, is good customer service. In customer service, you must have the ability to supply the customer wants and needs. Because excellent customer service is the ability of an organization to constancy and consistency exceed the customer's expectations. Good customer services are also making a commitment to our customers. So, that was the second important character when working with customers. Third thing is having strong negotiation skills. You must also have these skills, because it also boosts our relation with our customers and can also close a deal. So when you are working with our customers, these were very important. The fourth thing was service oriented. We are committed to assure our customers the highest quality of service at all times to satisfy their requirements and strive to exceed their expectations. When we design an organization, we need to consider how our policies and procedures will ALLOW our employees to build customer relationships. The more we can "do" for our customers, the greater number of products and services they purchase from our organization. If we increase the number of options for them each time they purchase or use our services, the likelihood remains that they will purchase or use our services in greater depth each time they purchase. Throughout the lifetime of our customers, we will have the opportunity to share our products and services with them. To the extent this sharing is beneficial to both parties will indicate the level of share we have the opportunity to gain. Over the course of this sharing, our products will gain a percentage of total sales in that category of our customer's purchasing life. This is our "share of life."

What is the Job description for a accounts manager?

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Asked by Wiki User

The 'business development' job title can mean various things. Some organizations refer to sales and account management jobs as 'business development', in which case refer to the account manager job description below. The business development job description - and especially the extent of strategic and authority responsibility - depends on whom the role reports to, and the scale of and complexity of the 'business' (markets, products/services, territory, etc) to be developed. This is an example of typical responsibilities of a senior business development role, or business development director: # Market and technology research # Formulation of strategy # Distribution channel analysis and development # New product development planning and management # Technology transfer, licensing, partnerships assessment and development # Marketing and advertising and promotion planning # Sales organisation planning and development # Import/export development # Business planning # Launch and implementation # If the business development job has direct-reporting staff then the above would tend to be managed via others, and the role would include people-management, recruitment, motivation, training and development staffing responsibilities # Appropriate Administration, budgeting, monitoring, reporting, communication and liaison. # Health and safety adherence # Self-development and continuing personal development # (If formal director) Execute the responsibilities of a company director according to lawful and ethical standards, as referenced in ... (whatever director policy and standards document you might use).

What do you understand by Supply Chain Management?

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Asked by Apurbakmr

Supply chain management is the core process of procurement. It is the process of supply the products and services in the targeted destination. Supply chain generally takes place by a supply chain management team. A supply chain management team involves in transporting activities.

What are the problems of leadership in an organization?

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Asked by Wiki User

Being a team leader is important so that you can direct you teammates in the right direction. When they need motivation, you motivate them! When there is a team dispute, you settle it! A leader unites a team so that they can accomplish one common goal... winning usually..... Having a strong team is imperative for every team because then they have someone to rely on no matter what!

What are the different methods of communication?

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Asked by Wiki User

there are lots of ways to communicate like:

your mobile phone- texting ,phonecall


online chat- msn,facebook or witing letters

you canalso wait to see the person for real and talk to them like that

What are key managerial skills and competencies?

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Asked by Wiki User

Key competencies are things you are competent at that are key to the job you are applying for such as particular skills you may have or what skills you have that you think would be advantagious to the potential employer. Key competencies are the knowledge, skills, attitudes and values needed by everyone across a variety of life contexts. Specialist skills are needed to perform all tasks - for example, the ability to weave a basket, file a report, change a tyre or take a patient's temperature. Underpinning the content execution of these tasks is a range of other skills and abilities, sometimes referred to as generic skills. These might include communication skills, teamwork or management skills. It is the combination of these specialist and generic skills that results in a successful performance. For example, specific or technical competencies underpinned by higher levels of competence directly contribute to increased productivity through: *Improved performance *Increased ability to use and adapt existing skills to meet new demands *Increased ability to see, create and exploit new opportunities Competencies are the techniques, skills, knowledge and characteristics that make a certain worker stand out over a regular worker with the same function or work category because of his performance. understand that competency is taking initiative and responsibility successfully when facing a situation at work, both at the level of the individual and group.

Why marketing management called demand management?

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Asked by Wiki User

Demand is a desire to own anything which has an ability to pay for it plus willingnes to pay. Marketing stimulus demand through promotion (which can be advertising, sales, publishing, public relation etc). It also fulfil demand by offering appropriate marketing mixes. Marketing is concerned with demand management for customer satisfaction. Thanks

What are the qualities of office manager?

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Asked by Wiki User

Self motivated, organized, knowledgeable about the business, fair, assertive, professional, able to take charge of any situation, willing to listen, knows how to dress appropriately, knows how and when to discipline people, honest, and a good role model.

What is the job description of a project manager?

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Asked by Wiki User

Project Manager (PM) - The person responsible for all elements of planning, managing, executing, and controlling the project and who is responsible for bringing the project in on time, cost, to specifications, and to a given quality with agreed upon resources. See the link in the related links section for a comprehensive Project Management dictionary. The link below has a lot of articles on the role of the Project Manager. Hope it helps!

What is the Latin translation for the word management?

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Asked by Wiki User

Comes from latin word "MANUS" -> ("to handle")

Administrative decision making model?

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Asked by Wiki User

A managerial decision making model is a system that managers use to collect, analyze and compile data in order to make informed decisions. The systems allows managers to identify and present effective solutions to challenges within the organization.

What are the major contributors in field of management?

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Asked by Wiki User



Command and control


ayol is famous for the classical school of

management, which emphasises 'command

and control'. A Frenchman, he wrote General and Industrial

Management in 1916, but it was not translated into English until



Fayol taught that the functions of management are five-fold:

planning, organising, commanding, coordinating and controlling.

He also defined 14 'principles of management'.

1. Division of work - specialisation and repetition, leading to speed

and accuracy.

2. Authority and responsibility - together, these require increasing

judgement and morality at senior levels: 'Responsibility is feared as

much as authority is sought for.'

3. Discipline - obedience, application and respect.

4. Unity of command - workers receiving orders from one superior


5. Unity of direction - one plan, one leader.

6. Subordination of individual interests to the general good.

7. Fair but not excessive remuneration, which rewards effort.

8. Centralisation.

9. The scalar chain - a line or hierarchy of authority, although it was

permitted to cut out the hierarchy to improve communication

(juniors can interact with each other in the interests of efficiency).

10. Order: a place for everyone and everyone in their place.

11. Equity - equal and fair treatment of employees.

12. Stability - people need to stay in their jobs long enough to

deliver, so should not be moved around too much.

13. Initiative - allowing employees to think through a problem and

implement a solution (which, Fayol believed, increases motivation).

14. Esprit de corps - keeping the team together, using harmony as

a basis of strength: 'Dividing enemy forces to weaken them is

clever, but dividing one's own team is a grave sin against the


Although 'command and control' appears at odds with today's

emphasis on employee participation, it is undoubtedly true that

many organisations require a degree of hierarchy, and clear lines of

command and accountability, in order to function effectively. Any

organisation that has to respond quickly to a crisis - the armed

forces, for example, or the emergency services - needs to know

exactly who is in charge and who does what. Fayol has his

supporters today among management theorists. Elliott Jaques, for

example, points out that management hierarchies are still needed

because managers are accountable, so must have authority too.



practice, hierarchy is not necessarily autocratic; it is important to

work out the desirable layers of management, and the authority

associated with each,

so that employees

know where they

stand and can

therefore fulfil their

potential. Jaques

believes that concepts

such as de-layering,

group objectives and

empowerment can

lead to confusion and

problems due to an


understanding of

where accountability