Home
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.
5,966 Questions
Organizational structure of finbank Nigeria plc?
- 1 answer
The Managing Director/Chief Executive Officer of FinBank Nigeria Plc. is Mr. Suzzane Iroche, updated in 15 Sep. 2009. Mr. Okey Nwosu is the former Managing Director.
Give three examples of specialization and division of labor in what areas are you and your friends thinking of specialization what might be the perils of over specialization?
- 1 answer
The enormous efficiency of specialization allows the intricate networking of trade among people and nations that we see today. very few of us produce a single furnished good; we make but the tiniest fraction or what we consume we might teach a small part of one college's curriculum, or empty coin from parking matter or separate the genetic material of fruiting files, in exchange of this specialized labor we still receive income adequate to buy goods from over the world.
Advantage economics engage in specialization and division of labor, which increases the productivity of their resources.
ANSWER
Explain what happens if the market price starts too high or too low? i belong to Pakistan so i definitely try to think about the specialization in agriculture because my country has 70% dependency on agriculture... cost of production of agriculture products are far less than other countries... so my area will be agriculture.
the perils of specialization are its disadvantages... in some cases monopolies generated through this type of specialization.
How do you conduct an external strategic management audit Specify three external forces that have recently affected your organization in one or another way and what measures have been taken to cope?
- 1 answer
strategic mgt audit is a technique of measuing the orgnisation 's performence
What is organisational buying behaviour?
- 1 answer
Organization buying is the decision-making process by which formal organizations establish the need for purchased products and services and identify, evaluate, and choose among alternative brands and suppliers.
What is Andrea Jung's management style?
- 1 answer
to emphasize open communication, goal orientation, and feedback from her sales force.
Explain management as an art?
- 1 answer
Obviously managment as an art
Difference between operation management and production management with examples?
- 1 answer
the difference between production management and operation management?
What type of software is available for skip tracing companies for businesses?
- 1 answer
Skip Tracing (or Skiptrace) is the discipline of locating a person through various information networks and feeds. Currently Skip Tracing is utilized by law enforcement persons, government personel, and various companies. Some proven Skiptrace companies are:
- Lexus Nexus and their Accurent program.
- Merlin Information Services
What are the functions of management?
- 1 answer
It depends. In some actual fields, the functions of management include:
a) planning and decision making,
b) organizing for stability and change,
c) leading, and
d) controlling.
These can be otherwise defined as 5 functions: controlling, planning, organizing, staffing, and implementing.
Difference between quality management and project management?
- 1 answer
Quality Management is a subset of Project Management. Quality Management consists of quality planning, assurance, and control.
Managing projects requires applying knowledge, skills, and tools and techniques to project activities in order to meet the project objectives. You do this by performing some processes at various stages of the project, as discussed in the previous chapter. That means processes are part of the knowledge required to manage projects. Each aspect of a project is managed by using the corresponding knowledge area. For example, each project has a scope that needs to be managed, and the knowledge required to manage scope is in the knowledge area called project scope management. To perform the project work within the project scope, you need human resources, which need to be managed; the knowledge used to manage human resources is called human resource management.
Each process belongs to one of the nine knowledge areas:
1. Scope Management
2. Time Management
3. Cost Management
4. Human Resource Management
5. Procurement Management
6. Risk Management
7. Quality Management
8. Integration Management &
9. Communication Management
Project quality is defined as the degree to which a project satisfies its objectives and requirements. For example, a high-quality project is a project that is completed on time and with all the work in the project scope completed within the planned budget.
Project quality management includes the following:
1. Plan quality - Determine the quality requirements and standards that are relevant to the project at hand and how to apply them.
2. Perform quality assurance - Ensure the planned quality requirements and standards are applied.
3. Perform quality control - Monitor the quality activities and record the results of these activities in order to assess performance and make necessary recommendations for corrective actions and changes.
What does over capacity mean?
- 1 answer
In a way it seems like a contradictory idea. How can a machine be producing 'over capacity' if capacity is the limit of its ability?
When elevators are designed, engineered and built, all the technical data connected with the materials used, their ability to carry loads, and changes that occur to materials during use (related to heating up, for example) all go into a careful estimate of what the elevator can safely carry, and probably also an estimate of the absolute maximum load, which if exceeded, would cause failure. But these are theoretical, or mathematical estimates of the elevator's ability. Given any number of factors, a specific elevator may be able to carry a load larger than the calculated limit for some length of time. But weights just a little over normal safety capacity would cause more rapid wear of the system, and would probably not cause catastrohpic failure.
Who are the major contributors of management thoughts after 1980?
- 1 answer
Here are some great examples of contributors to the Management Philosophies since the 80's:
Authors:
- Tom Peters: In Search of Excellence (1982)
- Ken Blanchard: The One Minute Manager (1982) & Gung Ho! Turn on the People in any Organization. (1997)
- Jim Collins: Good to Great (2001)
- Gary Hamel: The Future of Management (2007)
- Peter Drucker: Managing for the Future (1992)
- Henry Mintzberg: The Rise and Fall of Strategic Planning (1994)
- Jeffrey Pfeffer: What Were They Thinking; Unconventional Wisdom About Management (2007)
Professors:
- Michael E. Porter: Harvard University Business Professor
- Peter M. Senge: MIT Sloan School of Management
- C.K. Prahalad: University of Michigan, Stephen M. Ross School of Business
- Chris Argyris: Professor Emeritus @ Harvard Business School
CEO's:
- Jack Welch: General Electric 1980 - 2000
- Steve Jobs: Apple Inc & Pixar Studios - 1997 - 2011
- Marissa Mayer: Yahoo! 2012 - Current
- Eric Schmidt: Google 2001 - Current
I know it was before 1980 but I have to add my favorite book on management -- Robert Townsend's "Up the Organisation"
What is meant by the goal of maximization of shareholder wealth?
- 1 answer
Suppose a stock holder buys a stock at $10 and in ten years time the market price of stock shoots up to $55.
This is called maximizing shareholders capital.
From Barry D.
Maximizing Sharholder Wealth refers to the process by which executives in a pulically-owned company, usually, (but also to private companies with shareholders), undertake investing in new projects, maximizing profits from existing products and services, controlling costs, and adding "value" to the company through the process, which hopefully gets reflected in the price of the stock, but alwasy in the increase in Net Asset Value and Equity Per Share.
Sometimes simply selling the company for a premium over the existing price or Asset Value results in Maximizing ShareholderWealth.
Hope this helps,
Barry
Why do people promote?
- 2 answers
people promote to get users and enhance their work. eCommerce website development, digital marketing all include in promoting.
Why is management theory important?
- 1 answer
Management theory is important because it is the study of how to make all the people in your organization more productive. If you are self-employed and have others working for you, or you outsource certain jobs you are unable to do, then you know how hard it is to find qualified competent professionals to provide you a service or work for you. You want to maximize labor productivity and learning how to manage people is key.
The key to business management is to maximize productivity. However, while management theory does aim towards getting a group of entities to achieve a certain goal, it does not necessarily achieve in making people more productive towards this cause. Times are shifting rapidly and the loss of key gurus, like Peter Drucker, in recent times, bears certain implications. The key contribution in having management theory lies in what has been achieved by the differing schools of thought within our history. This may serve as a guide, but one must also bear in mind that management is not just a science, but also an art.
There are many benefits to knowing management theory. First of all management theory doesn't just teach someone how inspire employees to be more productive, it also shows managers how to be good bosses. It is key for them to know how to deal with issues that may exist in the workplace. Managers have to efficiently deal with these issues and simultaneously maintain a stable or improving level of productivity. With management, you have to balance a multitude of tasks daily and being familiar with management theory can help greatly.
What is SWOT analysis of the International Management Group?
- 1 answer
Assuming you know what the IMG is (presumably there is some context to the question), then it's just a brainstorm of relevant pros and cons of it, using the following headings as a guide:
Strengths
Weaknesses
Opportunities
Threats
Disadvantages of materials management?
- 1 answer
1.Continuous observation is required.
2.Extra-manpower required.
3.Huge investment for good infrastructure facilities.
What are the advantage and disadvantage of delegation?
- 1 answer
Advantages
The advantage of true delegation is that it alleviates you from having to micro manage your employees. It allows top management to allocate the proper task or objectives out to the right employees that are capable of handling the task at hand.
Disadvantages
The disadvantages of delegation is that it can be easily misused and go from properly delegating task to using traditional methods of management (demanding the work get down without seeking feedback). Another con maybe that the person you delegate the task to may not be able to achieve the goal as quickly or as effectively as you can. You also have to learn to delegate but not blur the line into micro managing.
3 level of manager in an organization?
- 1 answer
top-level manager, middle-level manager, first-level manager
What are the implications of Perception to management?
- 2 answers
Managerial implication - Organizational Behavior
Perception in business situation:
1) Perception and motivation: perception of the workplace plays a major role in motivation. Suppose an employee is experiencing some unexpected money trouble. Because of her disposition (she is worried) and the salience of money (it is unusually important to her at the moments), she will be especially sensitive to issues of compensation. Through projection, she may assume that everyone in the organization also cares mainly about money. A large pay raise given to another employee will seem frustrating and will intensity her efforts to get a pay raise of her own, focusing even more attention on her own pay, the pay of others, and how they compare to one another.
2) Perception and hiring: hiring new employees can be affected by perception in many ways. Contrast or novelty in the job applicant can affect his or her chances of getting the job. The person doing the hiring may stereotype applicants on the basis of race or sex, or may allow the halo effect to color an overall perception of an applicant.
An interviewer's disposition during an interview or attitudes towards certain of the applicants' attributes can also affect the interviewer's perceptions of an applicant.
For example, a manager, who believes that people should dress professionally for a job interview, is likely to be unimpressed by an applicant who shows up wearing sunglasses and a flowered sports coat.
3) Performance appraisal: the appraisal of a subordinate's performance is highly affected by the accuracy of a manager's perceptions. The major areas of concern in this context are:
Managers may have tendencies to positively evaluate some employees. Because they are better liked, or are on favored tasks, or are particularly noticeable; and
Performance evaluation will be affected adversely because of halo effects,
4) Employee effort: an individual's future in an organization id usually not dependent on performance alone. In many organizations, he level of an employee's effort is given high importance. Just as teachers frequently consider how hard you try in a course as well as how you perform on examinations, so often do managers. An assessment of an individual's effort is a subjective judgment susceptible to perceptual distortions and bias. If it is true, as some claim, that "more workers are fired for poor attitudes and lock of discipline than for lack of ability" , then appraisal of an employee's effort may be a primary influence on his or her future in the organization.
5) Employee loyalty: another important judgment that managers make about employees is whether or not they are loyal to the organization. Despite the general decline in employee loyalty, few organizations appreciate it when employees, especially those in the managerial ranks, openly disparage the firm, furthermore, in some organizations, if the word gets around that an employee is liking at other employment opportunities outside the firm, that employee may be labeled as disloyal and so may be cut off from all future advancement opportunities. The issue is not whether organizations are right in demanding loyalty, the issue is that many so, and that assessment of an employee's loyalty or commitment id highly judgment.
How can a Project Manager be sure that he or she has chosen the correct metrics to assess project performance?
What are the expectations of an internal customer?
- 1 answer
You have to contact the internal manager e.g Jordan Messham. He owns the JJ.ltd company in Norwich. He likes hairy toes and wet lips.
What are the aspects of administration?
- 1 answer
Administration allows you to collect distribute and dispatch mail to the relevant companies and also the administrator stores and retrieves records and they organise meetings and handle documents and administrator responds promptly to any enquiries and they researches any relevant information that is needed in the company and the administrator is in charge of sending and receiving messages and they also manage the stock inside the business such as purchasing supplies of office stationery and they also plan events and make arrangements for them
Whaqt is level 1 project schedule?
- 1 answer
Executive Summary, also called a Project Master Schedule (PMS).
This is a major milestone type of schedule; usually only one page, it highlights major project
activities, milestones, and key deliverables for the whole project. It is used to summarise the
project schedule in reports and other documents when a more detailed schedule is not required.
Frequently developed by the 'client' as part of its initial feasibility studies for the project and then
maintained by the contractor; may be used to assist in the decision making process (go/no-go,
prioritization and determining the criticality of projects). Can be used to integrate multiple contractors /
multiple project schedules into an overall program schedule. Audiences for this schedule Level include,
but are not limited to client, senior executives and general managers. If included with a bid and/or the
Contract, demonstrates conformance to contractual and other milestones.
What is intra firm and inter firm comparison?
- 1 answer
what is intra firm comparison
What's the most outdated thing you still use today?
Asked By Jasen Runte
How old is Danielle cohn?
Asked By Wiki User
When Motorola released its Droid cell phone it had to get permission from which Hollywood director?
Asked By Wiki User
Riddle What is 4 no5?
Asked By Wiki User
Do animals name each other?
Asked By Danika Abbott
Who is the longest reigning WWE Champion of all time?
Asked By Consuelo Hauck
What was the first TV dinner?
Asked By Roslyn Walter
Do dogs have belly buttons?
Asked By Wiki User
Why is it important to understand the different perspectives and approaches to management theory that have evolved throughout the history of organization?
Asked By Wiki User
How does organizational theory underpin the practice of management?
Asked By Wiki User
What education do you need to become a stage manager?
Asked By Wiki User
What are ten examples of leadership slogans?
Asked By Wiki User
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.