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 is the difference between project scheduling and project controlling?
The 2 have nothing in common. Project Scheduling is done in the Project Planning phase, Project Controlling and Monitoring is project life cycle phase.
What are the benefits of an inter-organizational system?
Comparative efficiency
-Internal Efficiency
-Interorganizational Efficiency
Bargaining Power
-unique product features
-reduced search related source
-increased switching cost
A "controlling" idea is an idea that makes a reader ask a question.
-raymond andamon
What is your advantage over other applicants?
When an employer asks you what your advantage over the other applicants is, you need to be confident when answering the question. Give all your strengths which may include punctuality, ability to meet deadlines, self-motivation and being able to work at no supervision among others.
Henry Fayol's 14 Points of Management can be applied in any organization, whether or not related to health systems. However, care must be taken because the 14 Points were developed in the early 20th century, when command and control styles of management were almost universal. The 14 Points can be adapted to the more participatory management systems that are recommended today, but adaptations requires additional effort.
What are four different strategies for reaching global markets?
Franchising
Exporting
Contract Manufacturing
Joint Venture
What is the difference between a problem statement and a mission statement?
Perhaps the difference lies in the distinct meaning or the words in question.
For the problem statement, state the problem.
For the mission statement, state your mission, or how you will address the problem.
BCG matrix aka Boston matrix is a chart that had been created by Bruce Henderson for the Boston Consulting Group in 1970 to help corporations with analyzing their business units or product lines.
(http://en.wikipedia.org/wiki/Growth-share_matrix)
NB a picture is also included on the website.
BCG matrix is an important tool to measure companies' brands worth. By analysis where their brands stand in BCG matrix, they can better develop branding strategies.
Different definitions of management?
Definitions of management
1.Mary Parker Follet,
"management is the art of getting things done through others"
2.Henry Fayol'
"to manage is to forecast and to plan,organize,to command,to co-ordinate and to control"
3.Louis allen,
"management is what a manager does"
4.American Marketing Association,
"management is guiding human and physical resources into dynamic organizational units which attain their objectives to the satisfaction of those served within a high degree of moral and sense of attainment on the part of those rendering services"
5.Michael Nolty-CPA,
"management is the process of getting activities completed efficiently with and through other people"
6. Harold Koontz
Management is the art of getting things done through and with people in formally organized groups.
7. George R. Terry
Management is a disconnect process consisting of planning organizing activating and controlling performed to determine and accomplish the objectives by the use of people and resources.
8. Donald J. Cough
Management is the art and science of decision making and leadership.
9. Mary Cushing Nile
Good Management, or scientific management, achieves a social objective with the best use of human and material energy and time, and with satisfaction for the participants and the public.
10. Theo Haimann and William Scott
Management is a social and technical process which utilizes, resources, influences, human action and facilitates changes in order to accomplish organizatinal goals.
11. According to Lawrence A Appley -
"Management is the development of people and not the direction of things".
12. According to Joseph Massie -
"Management is defined as the process by which a cooperative group directs action towards common goals".
13. In the words of George R Terry -
"Management is a distinct process consisting of planning, organising, actuating and controlling performed to determine and accomplish the objectives by the use of people and resources".
14. According to James L Lundy -
"Management is principally the task of planning, coordinating, motivating and controlling the efforts of others towards a specific objective".
15. In the words of Henry Fayol -
"To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control".
16. According to Peter F Drucker -
"Management is a multi-purpose organ that manages a business and manages managers and manages worker and work".
17. In the words of J.N. Schulze -
"Management is the force which leads, guides and directs an organisation in the accomplishment of a pre-determined object".
18. In the words of Koontz and O'Donnel -
"Management is defined as the creation and maintenance of an internal environment in an enterprise where individuals working together in groups can perform efficiently and effectively towards the attainment of group goals".
19. According to Ordway Tead -
"Management is the process and agency which directs and guides the operations of an organisation in realising of established aims".
20. According to Stanley Vance -
"Management is simply the process of decision-making and control over the actions of human beings for the express purpose of attaining predetermined goals".
21. According to Wheeler -
"Business management is a human activity which directs and controls the organisation and operation of a business enterprise. Management is centred in the administrators of managers of the firm who integrate men, material and money into an effective operating limit".
22. In the words of William Spriegel -
"Management is that function of an enterprise which concerns itself with the direction and control of the various activities to attain the business objectives".
23. In the words of S. George -
"Management consists of getting things done through others. Manager is one who accomplishes the objectives by directing the efforts of others".
24. In the words of Keith and Gubellini -
"Management is the force that integrates men and physical plant into an effective operating unit".
25. According to Newman, Summer and Warren -
"The job of management is to make cooperative endeavour to function properly. A manager is one who gets things done by working with people and other resources".
26. According to John F M -
"Management may be defined as the art of securing maximum results with a minimum of effort so as to secure maximum results with a minimum of effort so as to secure maximum prosperity and happiness for both employer and employee and give the public the best possible service".
27. In the words of Kimball and Kimball -
"Management embraces all duties and functions that pertain to the initiation of an enterprise, its financing, the establishment of all major policies, the provision of all necessary equipment, the outlining of the general form of organisation under which the enterprise is to operate and the selection of the principal officers. The group of officials in primary control of an enterprise is referred to as management".
28. In the words of E.F.L. Brech -
"Management is a social process entailing responsibility for the effective and economical planning and regulation of the operations of an enterprise, in fulfilment of a given purpose or task, such responsibility involving: (a) judgement and decision in determining plans and in using data to control performance, and progress against plans; and (b) the guidance, integration, motivation and supervision of the personnel composing the enterprise and carrying out its operations".
29. According to E. Peterson and E.G Plowman -
"Management is a technique by means of which the purpose and objectives of a particular human group are determined, classified and effectuated".
30. According to Mary Cushing Niles -
"Good management or scientific management achieves a social objective with the best use of human and material energy and time and with satisfaction for the participants and the public".
31. Peter Drucker -
Management is doing things right; leadership is doing the right things.
32. Stephen Covey-
Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.
33. Brian Tracy-
Management is everything you do managing others the way you would like to be managed.
34. John D. Rockefeller
management consists in showing average people how to do the work of superior people.
35. Lee Iacocca
Management is nothing more than motivating other people.
36. Pat Riley-
Management must speak with one voice. When it doesn't management itself becomes a peripheral opponent to the team's mission.
37. According the Kimball-
"management may be broadly defined as the art of applying the economic principles that underlie the control of men and materials in the enterprise under consideration."
38. According to Koontz-
"Management is the art of getting things done through and with people in formally organized groups."
39. According to Theo haimann-
"Management is the function of getting things done through people and directing the efforts of individuals towards a common objective."
40. According to Sisks-
"Management is the process of working of with and other to effectively achieve organizational objectives by efficiently using limited resources in changing environment."
What are the limitations of management accounting information?
The Mgt Accounting suffers from certain limitations as follow:
Based on Accounting Information: Mgt Acccounting is based on data of Financial and Cost Accounting. Historical data is used to make future decisions. The correctness and effectiveness of managerial decisions will depend upon the quality of data on which these decisions are based. If financial data is not reliable then Mgt Accounting will not provide correct analysis.
Lack of Knowledge: the application of Mgt Accounting will be useful to person connected with Decision making process as they have proper understanding of Mgt Accounting and related subjects such as Statistics, Economics, Prinples of Mgt, Engineering etc.,
Intuitive decision: In Mgt Accouting decision making based on facts and figures, there is a tendency to make decisions intuitively. Mgt may avoid lengthy courses of deciding things and may take an easy course of arriving at decision, using intuitive. Interitive decisions limits the usefulness of Mgt Accounting.
Not an alternative to Administration: The tools and techniques of Mgt Accounting provide only information and not decision. Decisions and their implementations are done, by Mgt. So it has supplementary service function and has no final say in taking decisions and their implementations.
Top heavy structure: Introduction of this system is costly affair and can be used by big concerns only. Smaller concerns cant afford to use this system because of heavy cost.
Evolutionary state: Mgt Accounting is only in a developmental stage. The technique and tools used by this system give differing results. The conclusions taken from analysis and interpretation are not the same. It will take some time to take a final shape.
Personal Bias: The interpretation of financial information depends upon the personal judgment of the interpreter. Personal prejudices and bias affect the objectively of decisions.
Psychological Resistance: The Installation of Mgt Accounting involves basic changeless in organizational setup. New rule and regulations are to be framed which affect a number of personnel and hence there is a possibility of resistance from some or other.
What is the importance of solid waste management?
IMPORTANCE OF SOLID WASTE MANAGEMENT -
Solid waste management not only comes from industrial units. It also comes from various sources. Every man with the operation of daily domestic work creates solid waste for disposal. A study in united state shows that solid waste per person per day in 1920 is 1.2kg. It increases 2.3kg in 1970 and about 3.6kg in 1980.
This shows that solid waste per person is mounting due to number of reasons.
Solid waste disposal creates a problem primarily in highly populated areas. The more concentrated the population. The greater the problem.
In India, generation of municipal solid waste (MSW), industrial, hazardous waste, biomedical waste have been increasing due to population growth, life style changes and economic development. On the other hand, waste management responses have not kept pace with the increasing quantities of waste resulting in (a) a high proportion of uncollected waste, and (b) poor standards of transportation, storage, treatment and disposal. The insanitary methods adopted for disposal of solid wastes is a serious health concern with significant environmental, social and health costs associated with it. Open dumping of garbage facilitates the breeding of disease vectors such as flies, mosquitoes, cockroaches, rats, and other pests. The poorly maintained landfill sites further, are prone to groundwater contamination because of leachate production.
Practically every citizen is now search of clear air and pleasant environment. The land pollution problem has grown enormously in the recent years due to waste dumping civics administration are facing the problem for hygiene disposal waste. Those calls for separate efforts of not only the civics administration but participation of several responsibilities publics groups and industrial lists.
As the cities are growing in size and problems seen as the generation of plastic waste, various municipal waste treatment and disposal methods are now being used to try resolving these problems. Garbage generation in household can be recycled and reused to prevent creation of waste at sources and reducing amount of waste thrown into the community dustbins. Because of this solid west management is essential.
What is Ross employee dress code?
In Lakewood, WA at the Ross store I currently work at, the employees must where black shoes, black pants, and a blue top. They are not very strict about the specific color of blue top, as long as it is solid blue. You will then obtain a name tag and must where it at all times also.
Why are mergers and acquisitions strategically important?
There are two kind of buyers:
Strategic Buyer - Companies that want to expand through acquisitions. They are active in managing the companies they acquire.
Financial Buyer - These are private equity funds. They acquire to increase the portfolio of companies they hold. Passive owners of companies they acquire. Usually exits a company after 5 to 7 years.
Acquisitions by their very nature are inherently strategic.
The aim of any acquisition or merger is to increase growth and profitability.
Many types of conflicts derive directly from the inherent nature of projects, not from the people involved. By assigning blame for conflict to various people involved in the project, you push the energy in a negative direction. By understanding that people in conflict are the potential means for positive outcomes, you begin to develop the mindset needed to vitalize people from conflicts.
Conflicts occur for a variety of reasons. Project leaders report that conflicts typically arise over the following seven points of contention. Note that the first six are related more to the situation than to the people in the situation. People are not the source of conflict; they are the players in the situation. Indeed, they are the means for turning conflict into positive energy. Conflicts stem from these seven sources:
1. Priorities of tasks and objectives. Participants often have different views about the proper sequence of tasks and about the importance of tasks and objectives. Such differences occur not only within the project team but also between the project team and other support groups, as well as between the team and the client.
2. Administrative procedures. Disagreements often arise over how a project will be managed---for example, over the definition of the project leader's reporting relationships and responsibilities, operational requirements, interdepartmental work agreements, and levels of administrative support.
3. Technical opinions. The less routine a project, the more likely it is that there are differences of opinion about the "best way" to accomplish the task. Disagreements may arise over specifications, technical trade-offs, and techniques to achieve the required performance. For example, the director and the film editor on a movie project may have entirely different and competing viewpoints on how best to achieve a certain effect with the camera and special effects.
4. Staffing and resource allocations. Conflicts arise over how best to allocate people to various projects and within project assignments. One team member complains that she always gets the "grunt work" while others get the glamorous assignments. Not only do individuals disagree over which projects their functional manager should assign them to, but they also face competing demands from their project leader and functional manager. This leads to both interpersonal strife and personal stress.
5. Costs and budgets. "How much is this going to cost?" and "Why is this costing so much?" are frequent sources of disagreement throughout a project. These differences often arise because it is difficult to estimate costs in the face of uncertainty. A functional support group, for example, may see the funds allocated by the project leader as insufficient for the work requested, while the client may feel that costs are too high.
6. Schedules. A constant source of tension is the client asking "How long is this going to take?" while the project team feels "I don't have enough time allocated to do a quality job." The tension really arises because we are dealing with estimates about the future, and the future can seldom be predicted with certainty. At the other extreme, if in making our estimates we take into account all the possible things that could happen, the project might never be completed. Further, tension is often generated around the sequencing of events, as in the case of "Finish the documentation on this project before starting to program the next portion of the new accounting system."
7. Interpersonal and personality clashes. Conflicts arise not just over technical issues but also over "style" or "ego centered" issues like status, power, control, self-esteem, and friendships. Such conflicts may emerge from real personality and style differences, but often they are based on differences that emerge from departmental or organizational factors like varying past experience and different perspectives on time horizons.
What is Importance of communication in management process?
Communication is important because as a manager negotiation skills will play one of the most imporatant roles. You would require communication in every aspect of management be it interacting with your clients or associating with people on a day to day basis.
What is the meaning of 'management by objectives'?
"Management by objectives" is to keep continuity between management and employees. An important part of MBO is the comparison of the employee's actual performance with the implemented standards. The main purpose is to allow Management to show the employees their objectives and then allowing the employee to have input in the course of action to fulfill the goal. In doing this it will create motivation, better communication and coordination, clarity of goals; it gives subordinates a higher commitment to the goals that they set themselves.
What are the reasons project scheduling is not done well?
There are several reasons that lead to bad Project Scheduling, such as:
- Long Project Duration
- Tasks that don't produce deliverables
- Plan is complicated that the team doesn't understand it
Name 5 key elements associated with the macro environment and task environment?
1. Laws and politics
2. Economy
3. Technology
4. Demographics
5. Social Values
How do you write a letter to supplier to reduce price due to reduction in raw material price?
In an ideal world, when the price of a raw ingredient is reduced, the price of the product should also be reduced. When this does not happen it would be appropriate to request this price reduction in writing. In the letter, the fluctuation in prices should be noted along with any precedent of the action.
How much do RN with master's degree make?
As with a RN with a ADN or BSN it will depend on the job they do. Most MSN's are in managment or education....For example a nurse with a Masters can teach at college level or work in administration in a healthcare facility...2 totally different pay scales. Regardless, you still have to have a few years of bedside nursing or you won't be very good at either one!
