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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

What is the meaning of one-industry concept?

The "One Industry Concept" refers to the relationship between participants in the tourism industry and how there participation reflects on the industry as a whole. An example of this is to pretend your on holiday. You arrive at your destination and catch a taxi to your hotel. The concierge collects your bags from the taxi and escorts you to your room. If the taxi driver or the hotel gave bad service it would reflect badly on the tourist industry.

How is conflict management critical to Project Management?

Since Project Management is all about communication, then it comes natural that conflict management is a big issue (since conflicts usually arise between individuals).

The successful project manager should be able to handle conflicts delicately and efficiently, if possible without even affecting the project.

Stages of quality control?

1.Prevention: This tries to avoid problems occuring. 2.Detection:This ensurs qua;ity problem s are spotted before it reaches the consumer.
3.Correction:
4.Improvement:

Define international management?

Define international management ? Bring out its benefits

Price discrimination is indistinguishable from dumping? Discuss

What is scientific skills?

The ability to use the Scientific skill in an appropriate way.

What people have had major contributions in the field of management?

Peter Drucker, Frederick Winslow Taylor, W. Edward Deming, Andrew Carnegie, Herb Keller, and many others.

See the links below for much more information.

What are the 5M's of management?

In the management literature 5 M's of management called as; 1. Money 2. Men 3. Material 4. Method 5. Machine and nowadays Marketing is placed on the literature as the 6th M of management.

What are the basic principles of management?

The basic priniciples of Management are :

Planning

Organizing

Leading

Controlling
The basic priniciples of Management are :

Planning

Organizing

Leading

Controlling

The concept of competitive advantage is as important for non-profit organizations as it is for?

"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.

What is the mission statement of proctor and gamble?

"We will provide branded products and services of superior quality and value that improve the lives of the world's consumers. As a result, consumers will reward us with leadership sales, profit, and value creation, allowing our people, our shareholders, and the communities in which we live and work to prosper.

"

Why conflict may occur during objective setting activities?

Major conflicts will usually happen between: * Budget - i.e. cost * Time to finish * Manpower * Feature set

What are the factors that affect the product mix in a jobbing industry?

Customer demand effects the product mix at companies. Companies try to balance their product offering between customer demand and products that generate profit margins.

Describe a strategic planning initiative for your selected organization and identify a strategic initiative discussed in the organizations annual report?

The strategic planning initiatives of Wal-Mart have an immense impact on their financial planning. While the company puts an enormous importance on pricing their products at low prices, it makes their additional operations efficient in a way to capitalize on the overall profits (Wal-Mart, 2009). Their pricing strategies have made them the market leader within the United States. The strategic planning initiatives of Wal-Mart have an effect on both the prices as well as their overall sales.

Wal-Mart has sector expansion initiatives in which they open new stores, expand their existing stores, and alter the locations of their lower-performing stores. These moderations require a large amount of capital. In order to lower the high cost load for the continuance of their stores, these initiatives have proven to be highly effective on an overall basis (Wal-Mart, 2009). Although it may not create short-term profits, these initiatives have proven track records to bring in additional long-term capital.

However, Wal-Mart's new initiatives have also made an impact on the overall sales of the company. Based on their most recent annual report, they saw an increase of nearly 9% in their net sales when compared to the previous year (Wal-Mart, 2009). They also added nearly $30 billion to their annual sales (Wal-Mart, 2009). This is certainly a display of the impact their strategic initiatives had on their financial initiatives. Wal-Mart's sales have not only risen within the United States; it has occurred on a global scale. Their growth last year only shows that their strategic planning has certainly affected their financial planning in that their specific sales objectives need to be modified on a regular basis.

Even though Wal-Mart's strategic initiatives have a high-quality effect on their net sales, there are still some business risks that come along with these initiatives. Most of these potential risks faced by Wal-Mart are financially related. These financial risks are tied to overall market risks include repeated alterations and modifications in interest rates and the rates of the exchange of foreign currency. Additional imitations and related risks that are related to their financial planning pertain to insurance. This includes, but is not limited to: vehicle liability, worker's compensation, and overall liability. Other risks associated with Wal-Mart's financial planning involve credit risks. The credit risks have the ability to be modified with the assistance of regular operating procedures.

As a result of these risks, Wal-Mart has undergone numerous financial impacts within their business operation. They are susceptible to currency devaluation because of interest, and they do not have the ability to recognize any future market modifications as a result of the current market crisis. As you can see, the risks that are associated with their initiatives have a large financial impact on the company.

How to train employees to be respectful and courteous individuals?

Trust and communication from Management is a must! Respect from Management produces respect from the employees. A once a month meeting often helps to resolve any problems there may be between Management and Employees or Employees and Coworkers. Management should be sure the Employees understand that if they have any problems their doors are always open and what is said behind closed doors stays there. Confidentiality is a must when dealing with problems in the workplace. Being honest and fair with decision making is also extremely important. If you have weak people in Management that is trying to be 'the nice guy or gal' then you'll have weak Employees that refuse to trust any decisions coming from Management. This also includes over achievers or over conscientious Management that may exude dishonesty, criticism, possible back stabbing and leave an air of hostility from the Employees. When interviewing be aware of the person's personality and a little less strict about whether they have all the right tools for the job. Good people can be trained very easily. Allowing some fun in the workplace is also a good tool and a pat on the back every so often to let employees know they are doing a good job works wonders. Depending on the size of the company and how many Employees there are bonus' around Christmas are always appreciated and they are a tax write off as is any party held for Employees.

HSBC vision statement?

HSBC's vision is to be the world's leading financial services company.

What is an organizational structure?

The plan for the systematic arrangement of work is termed organization structure.

It describes how one group may be responsible for one set of functions (Sales, for example) while another is responsible for another set of functions (warehouse management, assembly of a particular product).

When properly laid out, an organizational structure describes how every group and function fits together to ensure that everything is done that needs to be done for the company to meet its objectives and maintain its viability.

What is strategic audit?

Strategic audits are examinations and evaluations of strategic management processes including measuring corporate performance against the corporate strategy. Whenever a deficiency is noted or performance of an organization is sub-par, the organization may elect to perform a strategic audit. This may be done with in-house auditors, or an audit firm may be contracted to perform the audit.

The auditors will audit performance of the organization against the current corporate strategy and seek to identify problems within the current strategy that may be tied or can be traced to poor performance. Upon completion of the audit, a report will be created regarding the auditing firm or group’s findings and submit the report with recommended remedies to the management of the organization. The organization will then seek to implement the proposed remedies with hopes of increasing organizational performance.

What is strategic analysis?

Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks. Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks.

What are the differences between strategies and tactics?

Strategy means 'a global plan to reach a long-term goal,' and is taken from a Greek word that means "army leadership".

Tactics, on the other hand, means a short term plan or behavior and comes from a Greek word that means "science of arrangement" (of an army).

Arbaz Pakistan