0
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
What are the techniques used to make capital budgeting decisions in your organisation?
discuss the various methods adopted for a capital budgeting decision.
What is the raw material used for cotton?
Cotton comes from the cotton plant. The seeds of the cotton plant are contained in a capsule called a boll, each seed surrounded by fibres of two types. These fibres are are removed by a process called ginning. At the first ginning the longer fibres, called staples, are removed and these are twisted together to form yarn for making thread and weaving into high quality textiles. At the second ginning the shorter fibres, called linters, are removed, and these are woven into lower quality textiles including the Lint. The commercial species of cotton plant are G. hirsutum (90% of world production)
Interdisciplinary nature of e-commerce?
E-Commerce marketing uses many different skill sets to achieve the best results. It is very important to have a multi-disciplinary approach in e-commerce such as:-
Sales Affiliation for product
Relationtionship Management
Creative Design
Database Management
Analytics
Technology
Performance Marketing
Email Marketing
Search Marketing and Social Media
What are the seven standards systems development life cycle phases?
Stages of SDLC are: 1) Plan
2) Analyze
3) Design
4) Produce
5) Validate
6) Implement
There are various stages involved in developing a software , But generally a software is made by programming and the program by which is divided into different modules , Each carrying a function on its own,
These are the steps in brief :
*Analyzing or Understanding your software needs (i.e. Wat your end output is)
*Writing the pseudocode or the skeleton of the program for the software
*Drawing Relevant Flowcharts for the pseudocode
*Coding the programs by splitting into different sub modules
*Debugging any minor bugs in the coding by running tests
*Testing the Final Verified coding
*Designing Interfaces and producing a output with the alpha or the first prototype of the software
*Finally preparing documentation, Marketing , claiming copyrights
What is a management information system and its advantages and disadvantages?
Modern businesses have been leveraging management information systems (MIS) to manage, order, organize and manipulate the gigabytes and masses of information generated for various purposes. MIS helps businesses optimize business processes, address information needs of employees and various stakeholders and take informed strategic decisions. However, budget allocation and monitoring issues can affect the efficacy of MIS. It has its advantages and disadvantages depending on organizational deployment and usage.
- AdvantagesBetter Planning and Control
- Management information systems have changed the dynamics of running businesses efficiently. Decentralization is one of the biggest advantages; it allows monitoring of operations at low levels and frees up resources for departmental managers to devote time to strategic activities. Coordination of specialized projects and activities is much better and decision makers in the organization are aware of issues and problems in all departments. Another advantage of MIS is that it minimizes information overload, which can be quite common with conventional businesses in the modern era. Aid Decision Making
- MIS has to be designed and managed in such way that it aggregates information, monitors the company's activities and operations and enhances communication and collaboration among employees. This ensures better planning for all activities and better ways to measure performance, manage resources and facilitate compliance with industry and government regulations. Control helps in forecasting, preparing accurate budgets and providing the tools and vital information to employees, top management and business partners. Disadvantages
- The purpose of MIS is to generate synthesized and processed information from computerized/automated and certain manual systems. Information distribution to all levels of corporate managers, professionals and key executives becomes quite seamless with streamlined MIS. Managers are able to make quick, timely and informed decisions. Top management and board members can take strategic decisions, plan future growth and business expansion activities based on the data and information generated by MIS. Constant Monitoring Issues
- Depending on organization deployment, usage and extraneous factors, some disadvantages related to Management Information Systems can come to the fore. Allocation of budgets for MIS upgrades, modifications and other revisions can be quite tricky at times. If budgets are not allocated uniformly or as per immediate requirements, key functionalities might get effected and benefits might not be realized consistently. Integration issues with legacy systems can affect the quality of output and vital business intelligence reports.
- Change in management, exits or departures of department managers and other senior executives has a broad effect on the working and monitoring of certain organization practices including MIS systems. Since MIS is a critical component of an organization's risk management strategy and allied systems, constant monitoring is necessary to ensure its effectiveness. Quality of inputs into MIS needs to be monitored; otherwise consistency in the quality of data and information generated gets effected. Managers are not able to direct business, operational and decision-making activities with the requisite flexibility.
Supply chain systems are which type of information system?
supply chain is a intricate network of organizations, resources, activities, and technology that work in unison to design, produce, transport, store, and deliver products to consumers. It's not a linear process but a highly interconnected and multifaceted ecosystem.
Key Components of a Supply Chain:
Suppliers: The journey begins with suppliers who provide the raw materials and components needed for production.
Manufacturers: Manufacturers transform these raw materials into finished products using a blend of human labor and automated machinery.
Warehouses and Distribution Centers: These act as critical hubs for storing and managing inventory, ensuring products are readily available for distribution.
What is a tenured management team?
tenure: the act, right, manner, or term of holding something (as a landed property, a position, or an office); especially : a status granted after a trial period to a teacher that gives protection from summary dismissal
To be a tenured coach is incorrect grammar. He was a coach in tenure of his team. Tenure is used as a noun and not as an adjective. <3
Give examples of how Hr management concepts and techniques can be of use to all managers?
HR management concepts and techniques can be beneficial to all managers by enhancing team dynamics and improving employee engagement. For instance, understanding performance appraisal methods allows managers to provide constructive feedback, fostering employee development. Additionally, applying recruitment strategies can help managers build diverse teams that drive innovation. Finally, knowledge of conflict resolution techniques equips managers to effectively address workplace disputes, promoting a harmonious work environment.
What are some major industries in New Hampshire?
Milk, Machinery, Electrical Equipment, Scientific Instruments, Sand, and Gravel
Discuss the role and responsibilities of a professional manager in an organization?
a superb knowledge of the products being sold, great organizational skills, keeping a cool head in case of emergency, having great people skills, and understanding of different personalities in staff, last but certainly not least, honesty and integrity!
Who can be a Change Agent ?
1. Persons with Innovative Ideas.
2. Calculated Risk Takers
3. Person coming with different Industry or sector even from different department.
That's why reshuffling is done within an organization.
4. External consultants.
5. Trackers who are tracking market ,competitors ,technology etc secretly.
6. Persons ingrained with sharp business knowledge and skills.
7. Team leader who are having a quality to integrate.
8. People possessing qualities like Need achievement,positive attitude,ethical behavior
9. One who think Big and realistic.
10. Who knows more about your company policy and people.
What colors do young adults favor?
Young adults usually like bold colors such as the likes of Black, Red and Blue. Also, a large number likes Luxury-like colors such as Gold and Silver.
What factors affect the job of a manager?
There is no specific thing that affect the Manager or employee working,
The business world is so dynamic that in seconds you have to encounter with some different kind of Problems and Challenges,but it can be minimized in a way that the manager must have an eye on each and every aspect of the business regarding internal or external policies of the organization management or Governmental policies.
In this way he gets some time to change the strategy or re plan the things,so that the loss or tension can be minimized
What is the definition of sport management?
Sports management is a field that deals with the logistics of running a sports team, or a major sports event. Some positions in sports management include marketing, an event coordinator, human resources, as well as a fundraiser.
There are several ways develop and motivate your employees. Motivation begins with respect for one another. It is not important that employees like each other but it is critically important that they respect one another. It is the manager's responsibility to foster mutual respect and this is never successfully accomplished unless management walks the walk and talks the talk. Managers must live it.
As a manager, you are often called upon to make unpopular decisions. Staffing issues, salary increases, annual bonuses, performance evaluations, and delegation of work assignments, to name just a few, can not and, in fact, should not be based upon personalities and friendly distractions. Personal likes and dislikes can never drive a company in the right direction. Rather it often distracts from the job at hand.
All decisions a manager makes will either positively or negatively affect corporate morale. Poor morale is the surest indicator of poor motivation. Positive and negative morale will ultimately impact the operation of the company.
- Have a truly open door' policy. Let your employees know that you are available to discuss any issues they may be having in the performance of their job;
- Actively listen when your employees come to discuss a particular issue. Managers must listen to their employees' concerns and deal with them fairly and and objectively;
- Employees are more willing to succeed when they know that they are respected for their contribution to the company;
- There will be times when you will not be able to accommodate an employee's request. Be candid and respectful with your employee. They may not like your response but they will appreciate your honesty;
- Never demand that your employees do things you yourself would not be willing to do;
- Step in when needed but step back as often as possible, allowing employees to solve problems themselves. This creates an atmosphere of inclusion. Employees need to know that they will be allowed to be proactive in the performance of their job;
- Occasionally take the entire department out to lunch (on your dime). It is often easier to talk when the inevitable office distractions are out of the way. You employees will get to know you as a real person, not just as their boss;
- Admit your limitations; No one is omniscient and employees need to know that;
- Have occasional department meetings. Ask for suggestions on how the job can be better, more effectively performed. Employees who are actually doing a specific job are often
II)
Find out what motivates each employee.
A common mistake made by many managers is the automatic assumption that all that is needed to motivate employees is money. While this may true in many cases, it certainly isn't true for all. Some employees might simply need more personal recognition or to feel as if they are making a valuable contribution. Others might be interested in having their opinion heard, may want to have more input in the way things are being done, or might be motivated by getting a promotion. While others still might simply be motivated by the promise of more time off to spend with their families.
If your goal is to motivate certain employees it is important to know exactly what their priorities are and what they would be willing to worker harder for.
Ask for their ideas.
Another common mistake made by many bosses and managers is the belief that the way things are currently being done is the only way. It can be very frustrating to an employee if they know of a quicker or more efficient way of doing their job, but simply aren't allowed to because of current restrictions. Check in with your employees once in awhile and ask for their input. It can be in a one-on-one meeting, a group lunch or even by a general questionnaire asking for their opinion on any improvements they believe can be made.
Most employees will feel more motivated simply by knowing that their opinion counts and that they are having some kind of input. While all their ideas might not be feasible, you might be surprised at how many could actually save the company time and money as well as naturally motivate the employee to do whatever they can to make the new plan work.
Give Recognition When and Where It Is Due
In many instances recognition is just as important as financial rewards to an employee who probably spends more hours of their life at their job than in their own home.
It can be something as simple as mentioning to the employee how much you appreciated a job well done, an announcement in the company newsletter praising an employee or department, a special lunch out or celebration for the group that accomplished a particular goal, or even a letter of commendation in an employee's work file. Sometimes a little praise and recognition is all an employee will need to want to do an even better job in the future.
Cash Bonus or Extra Time Off
Contests and competitions can also help to motivate your employees. Depending on the nature of your business see if you can start monthly competitions. For example, whoever answers the most phone calls or brings in the most new clients will receive an extra few hundred dollars in their paycheck or a free weeks vacation. As long as it doesn't cause any problems by getting cut throat, this can be another fun way to get your employees excited about producing again.
From
Amit Shrivastava
MBA(HRM), MBA(TQM)
Bhopal
Whose 1911 bestseller influenced managers around the world?
Frederick Taylor's "The Principles of Scientific Management" was the first business best seller and it influence spread around the world. In today's culture however many of Taylor's ideas would not be favorably received. For example, he says, "In our scheme, we do not ask initiative of our men. We do not want any initiative. All we want of them is to obey the orders we give them, do what we say, and do it quick."
Provide consistent and clear communication about the why and how of the upcoming change
Communicate the change
What is the meaning diversity management?
Providing opportunity for all employees to maximize their potential
Why management is multifaceted concept?
Because it involves many skills and considerations. These might include elements such as financial, people, vision, planning, scheduling, priority setting, tactics, process design and change implementation. Being very good in only one element (facet) would not guarantee success in overall management.
