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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 are the disadvantages of a takeover?

the disadvantages of a takeover are if the business doesn't have a good reputation, it gets blamed on the new owners of the business.

Meaning of capital expenditures?

Capital expenditure means an amount spent to acquire or upgrade productive assets (such as buildings, machinery and equipment, vehicles) in order to increase the capacity or efficiency of a company for more than one accounting period. Also called capital spending.

How did Henry sy became successful businessman?

because he invented the world first car and it ran on cow poo but this was bad because of the methane let off so he made it water powered

Most important things to consider when working with customer?

Smile. Show respect. Even if the customer looks like something that's just crawled out from under a damp rock, show the same respect you would to a person in a smart suit carrying a briefcase - they could turn out to be the same person. Sincerity. It's been said that once you can fake sincerity you've got it made, and I'm afraid that's very true. Your customers need to be reassured that you truly care about their needs. If you work at it, you'll end up really caring, which will be great for your career and for your customers. The customer truly is always right. Even if the moment they leave the store or are off the phone you say, what an idiot, while you're talking to them it is essential that they believe you care about their concerns and are happy that you will act upon those concerns and will do whatever you can to further their best interests. Never be defensive. If you're having a bad day, it isn't your customer's fault. If your customer is having a bad day they might well consider that is your fault and you need to accept that. Be nice; make their day better, make them feel appreciated, and you'll have a customer who'll come back rather than complain to management and shop elsewhere. Sure, some are people you might never want to serve again, but you don't know what's behind their behaviour at that particular time. They might just be horrible people, or could just be having a horrible day. Respond to them as though they're nice people. When they leave the store you can go out the back and scream (quietly) for a while! It's the people who understand the customer pays their salary and treats that customer with the respect you'd consider due to the boss (whose salary is also paid by the customer) who ends up running their own successful business down the track. Never, ever, obey a boss who instructs you to treat customers inappropriately or badly. Don't go against your conscience. Keep doing the right thing, and you'll soon find it easy to gain a better job. You'll have customers willing to write you a good reference.

Importance of project contingency plan?

The importance of a project contingency plan is that it allows the Project Manager to deal with known risks with more confidence. Contingency planning prevents the "panic mode" situation when we face risks, as it incorporates risks into the schedule.

How in your opinion can you benefit our institution and contribute to its growth?

One can benefit an institution by giving advice on certain pertinent issues and how they can be handled. One can also benefit an organization by being a passionate worker who does their best to achieve good results.

What is the meaning of planning premises and what are its types?

These are meant to set out the plan that you are going to use. There are many different types depending on the plan that you choose.

Main purpose of ISO 9000?

A family of standards and guidelines for quality in the manufacturing and service industries from the International Organization for Standardization (ISO). ISO 9000 defines the criteria for what should be measured. Initially popular in Europe, ISO 9000 certification began to increase in the U.S. in the early 1990s. Certification requires exacting documentation and demonstrations in practice over time. The process, which can take up to a year, involves two major players in addition to the company being certified. A consultant provides (and may help implement) a plan for documenting the company's ISO system. Once documented, a registrar interviews the company's management and line staff to make sure that the new system, as documented, has been effectively implemented. Only a few dozen companies worldwide are authorized to conduct such audits for the issuance of ISO 9000 certificates. Ken Kolstad Hayward,Ca.

Objective of Strategic Management?

Main objective of Strategic Management is to increase profitability

What are four functions of management?

1. planning your business ventures.

2. finding your employees your self

3. Buying good investments quickly.

4. Assessing your workplace regularly

What is the meaning and purposes of organizational controls?

The meaning and purposes of organizational controls are seen in various departments of an organization. The human resource will take charge of hiring and firing or staff, finance department handles all financial transactions and so much more.

What is the difference between limited and general direction?

What is the difference between limited and general direction?What is the difference between limited and general direction?My best guess would be in not knowing the full context in which you are asking this question.

Limited would be in the context of a specific subject and therefor limited in nature. Whereas general would be more global in specifically addressing a broad range of subjects.

Peace & blessings

What is financial feasibility of a project?

It usually involves checking 2 things.

1. Does the company executing the project have enough funds to run it? Lets say a project needs 10 people to work for 1 year and use 10 computers, 1 server, 4 software licenses etc, the Management will check if they have funds that can be utilized over the duration of the project

2. Will the project generate enough benefits to warrant the expenditure? If a project that costs 1 million and will generate $500,000 every year and another project that costs 2 million and will generate $600,000 every year are available, the management will most probably select the 1st project that generates 500k income every year

Dilemma Between the stakeholder and the manager?

First the relationship is reciprocal, a manager can be a stakeholder and a stakeholder can be a manager.

A stakeholder is any person with a interest in the project. It might be the CEO of the company, a manager, a client, etc... Sometimes, there are conflicting motivations between the stakeholder that wants profit and manager that wants leisure and security, these motivations are called agency problem. Solutions to Agency Problems: · Compensation as incentive. · Extending to all workers stock ,bonuses and grants of stock. · Making workers act more like owners of the firm

What are some major industries in Georgia?

Georgia has a number of major industries. The major industries includes the aerospace industry, the automotive industry, the financial services industries and tourism industries.

Define chain of command?

In any hierarchical structure, each person takes orders from his or her immediate superior who is answerable to his or her immediate superior, and so on until you get to the person who is the ultimate authority. This is called the chain of command. Disregarding the chain of command can mean either failing to obey the commands of your immediate superior or leaping a level and taking orders from someone who is not your immediate superior or giving them to someone who is not your immediate inferior.

What are the responsibilities of a chairperson in a meeting?

  • to get things done - has a personal record of being a consistent worker who completed a job, is hardworking
  • to make decisions - is fair and evenhanded to all members of the group, persuasive
  • to stimulate and inspire others, enthusiastic, good-humoured
  • to know the right answers -has a background knowledge of the group's aims, and how committees function

Branches of management?

The major branches of management are financial management, marketing management, human resource management, strategic management, production management, operations management, service management and information technology management. The efficient and effective operation of a business, and study of this subject, is called management.

What are some differences between domestic and International marketing plans?

There are many differences between domestic and International marketing plans. The main difference is the boundaries whereby domestic marketing targets people within particular boundaries but international marketing plans target the whole world.