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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.
4,076 Questions
Law of decreasing opportunity cost?
Opportunity cost does not decrease, it increases, according to the law of increasing opportunity costs. This law states that the more of a product you produce the less efficient production of it will be and the more opportunity cost they will incur.
Discuss the process of Vendor Evaluation and Rating?
Discuss the process of Vendor Evaluation and Rating?" ---- Hi... The vendor evaluation and rating process is very important in selection of vendors. It is important that you have detailed knowledge about your priorities and requirements as this would be the basis on which you will have to evaluate your vendors. Following are the key steps:
System Requirement analysis: Against which you will compare each vendor.
Prioritised Requirements: Highlighting requirements upon which rating or scoring is done.
Scoring: Simply scoring criteria.
Candidate selection: Based on the highest scoring candidate. --- Ketan Verma
Management is an art.
You must have the abilities to manage the work.
Management is required in all kinds of organizations. It is all pervasive. Managemeent is both science and art. There are 3 main levels in management.
What are the advantages and disadvantages of management information system?
MIS describes computer systems designed for management needs. Unlike other information systems, MIS analyzes, strategically plans, and uses operational activities. Procedures to create such a system include design, development, and documentation.
How would one compare certainty decision making and uncertainty decision making?
I am not so sure how you would compare certainty decision making and uncertainty decision making, but there is a great site that focuses on interactive, critcial thinking dialogue offering practical insights and effective tools for findind the cause of problems, creating innovative solutions, making decisions, and anticipating problems before they happen.
Visit http://blog.actionm.com/ for more information.
The fundamental principle of the classical theory is that the economy is self-regulating. Classical economists maintain that the economy is always capable of achieving the natural level of real GDP or output, which is the level of real GDP that is obtained when the economy's resources are fully employed. While circumstances arise from time to time that cause the economy to fall below or to exceed the natural level of real GDP, self-adjustment mechanisms exist within the market system that work to bring the economy back to the natural level of real GDP. The classical doctrine-that the economy is always at or near the natural level of real GDP-is based on two firmly held beliefs: Say's Law and the belief that prices, wages, and interest rates are flexible.
What does the term PAR mean in Materials Management or Supply Chain?
PAR stands for Periodic Automatic Replenishment, which is a method used in materials management to automatically replenish inventory based on predetermined levels or thresholds. This helps ensure that stock levels are maintained without the need for manual intervention, reducing the risk of stockouts and excess inventory.
Rational individual decision-making models assume individuals make decisions that maximize outcomes. Implications for information system analysts include designing systems that provide relevant information for decision-making, ensuring data accuracy and availability, and incorporating decision support tools to aid in the decision-making process. It is crucial for analysts to understand these models to develop effective and user-friendly systems that align with rational decision-making processes.
Increasing age diversity will create new challenges for managers?
Managers will need to adapt their communication and leadership styles to cater to different age groups' preferences and work styles. They may also need to implement flexible working arrangements to accommodate varying needs and priorities among different age cohorts. Building a strong company culture that values and promotes diversity and inclusion will be crucial in successfully managing an age-diverse team.
What is rural administration in India?
The term is used to contrast with offices at nation-state level, which are referred to as the central government, national government, or (where appropriate) federal government. "Local government," generally acts within powers delegated to it by legislation or directives of the higher level of government and each country has some kind of local government which will differ from those of other countries.
The strategic role of HRM (Human Resources Management) is to make sure that there are enough workers in the workforce of a business. This enables the company to get production done on time. HRM is also responsible for providing a safe work environment.
Objectives of operation management?
- Customers - These are the most obvious people who will be affected by any business. What the chapter goes on to call the five operations performance objectives apply primarily to this group of people.
- Suppliers - Operations can have a major impact on suppliers, both on how they prosper themselves, and on how effective they are at supplying the operation.
- Shareholders - Clearly, the better an operation is at producing goods and services, the more likely the whole business is to prosper and shareholders will be one of the major beneficiaries of this.
- Employees - Similarly, employees will be generally better off if the company is prosperous; if only because they are more likely to be employed in the future. However operations responsibilities to employees go far beyond this. It includes the general working conditions which are determined by the way the operation has been designed.
- Society - Although often having no direct economic connection with the company, individuals and groups in society at large can be impacted by the way its operations managers behave. The most obvious example is in the environmental responsibility exhibited by operations managers.
What can public sector and private sector learn from each other?
The public sector can learn efficiency and innovation from the private sector, while the private sector can learn about accountability and transparency from the public sector. Both sectors can benefit from sharing best practices in areas such as customer service and resource management.
Polycentric means something has many places that control it. For instance, the government has a polycentric structure, since there is more than one place or division that has control of the laws.
What operational strategy seeks to reduce chronic offending in the community?
One operational strategy that seeks to reduce chronic offending in the community is community policing. This approach involves building relationships between law enforcement and community members to address underlying issues that contribute to crime. By working collaboratively, law enforcement can better understand community needs and develop tailored interventions to prevent chronic offending.
Compare and contrast classical and administrative models of decision making?
classical model of decision making involves more thinking and reasoning
administrative model of decision making involves more intuition and feelings
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The line of authority that extends from the upper levels of management to the lowest levels of the organization is called the chain of command.
The chain of command clarifies who reports to whom within an organization, ensuring clear communication and decision-making processes. It establishes a hierarchy where information and instructions flow systematically from top to bottom.
What are the implications of Perception to management?
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.
What is a Single business strategy?
A single business strategy is a corporate level strategy of a firm which refers to its level of diversification. A single business strategy is one where 95% or more of the total revenue of the business is generated by one individual division or business.
Should english be a medium of instruction in schools?
The choice of language as a medium of instruction in schools should consider the needs and preferences of the students, as well as the goals of the educational system. Using English can provide access to global opportunities and resources, but it's important to ensure that students have the necessary support to fully grasp the language and content being taught. Ultimately, the decision should be based on what will best support the learning and development of the students.
What are the pros and cons of court unification?
Pros of court unification include increased efficiency, consistency in decision-making, and potential cost savings. However, some cons may include loss of specialized knowledge and expertise in different areas of law, potential for increased caseloads and delays, and concerns about centralized power and control.
What skills do managers require at different levels of managerial responsibility and why?
Mangers on the upper level need more strategic skills as they must be able to direct the movement of the organization as a whole. On the lower management levels people skills are more important because they have a higher level of customer and employee interaction.
What should you absolutely avoid when you are actively listening to a speaker?
You should avoid interrupting the speaker, judging or criticizing their points, and formulating a response in your mind while they are still talking. Instead, focus on the speaker's words, maintain eye contact, and show that you are engaged by nodding or providing nonverbal cues.
As a teacher, the pros would probably be getting to see the children grow as a student and as people. The cons, on the other hand, depends on what grade. I feel that if you truly love helping, caring, and you love kids, then teaching is most definitely the right career for you. Remember, teachers impact the lifes of many!
