What is the importance of food cost control?
The importance of food cost control is to maintain profit margins for the business. In a restaurant food costs and labor are the highest expenses to the business.
Classical model of decision making?
Classical models of decision making involve highlighting rational awareness and a clear vision on the outcome of the decision. Classical models of decision making are not usually complex and are typically the safest course in making decisions.
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Imagine that you are appointed as the manager of a reputed company how will you plan the various activities in the organization?"
Whats the best management style?
Best Management Style are Autocratic and Permissive
Autocratic, in which Manage/Leader makes all decisions unilaterally.
Permissive in which Manager/Leader permits subordinates to take part in decision making and also gives them a considerable degree of autonomy in completing routine work activities.
Also known as span of control, is a very important concept of organizing function of management. It refers to the number of subordinates that can be handled effectively by a superior in an organization. It signifies how the relations are planned between superior and subordinates in an organization.
What is the difference between global strategy and multidomestic strategy?
Global strategy is based on a strategy implemtion on the assumption of 'one' global village, thus one strategy is implentated for all countries regardless of their socialcultural differences. Multidomestic strategy means companies implement a strategy that is more responding to local needs, values and demands. This usually happens on a regional basis, e.g. Western European countries or Northern part of Europe.
List and Evaluate internal and external factors affecting staffing?
globalization,technology,E-Business and SWOT
What strategic strait does turkey control?
The Dardanelles/Bosphorus sea route between the Black Sea and the Mediteranean.
How do you effectively motivate managers?
power money benefits Motivating managers is an art as well as a science. There have been books written on this subject, and appears to have turned into a life time study. However in my humble opinion, the just of it boils down to this. Whatever methodology is viewed as being the best practice for the organization, it must have 100% commitment by senior leadership. This means from the Chief Executive Officer (CEO) or president and his senior executives on down. Without their commitment and full support, any practice chosen usually amounts to nothing more than a desperate grab for straws by a few well intentioned individuals. Motivating managers in an appropriate and meaningful way - once again - demands full senior level focus.
For the realization of successful outcomes, the CEO and the department of Human Resources (HR) need to be tightly coupled. This is a problem that needs to be rectified in most institutions where the executive director of HR reports to the Chief Financial Officer (CFO) rather than the CEO. CFOs are number crunchers, and few are really focused on the human concerns of employees. They look at the brick and mortar rather then the flesh and blood of the company, its employees. I am not saying this can not work (it depends on the personalities), but it does not appear to be the best practice. The better practice is where the Executive Director of HR reports directly to the CEO or president, has a seat at the table, and is a peer of the CFO.
Now the Human Resources individual can get down through the levels and find out want the employees need to do their job more effectively, and to find out what course of action to take to promote and develop passion for what their managers do and the benefit it brings to the organization, its employees, customer base, as well as themselves.
Finding good systems of approach to motivating managers is easy, there are hundreds of good methods out there. The hard part is in convincing senior leadership of its necessity. You have to sell them on the idea that promoting and developing motivation in managers adds business value.
What firms use classical management?
this question is not much clearly. you know i can say all firms use this structure, beacuse whatever the firm use classical or behavioural structure, which all have issues. so, the firm often use both or changes at the particular time.
these features below are belong to this type of management:
-have a long chain of command. they arehierarchical (many levels of authority).
-autocratic management-decisons are made by managers with no input from the employees.
-employees are closely supervised.
-a tall structure communication can take longer and lead to more mistakes as massages get lost.
-span of control is narrow as the level of supervision is high.
1.select workers to perform a task.
2.observe them and note the key elements.
3.record the time taken to do each part of the task.
4.train the workers to the task in the quickest way.
5.supervise workers to ensure they use this method.
6.pay workers on the basis of results.
so often occurs in secondary industry, e.g. car manufacturing (FORD), mining (BHP).
some national companies (government business) (social justice) (China), e.g. China Telecom.
some special,e.g. kitchen of restaurant, army.
Cite Obstacles to effective delegation?
what are the obstacles in effective delegation
Unfamiliarity with the art of delegation
reluctance to delegate
attitude towards subordinate
fear for subordinate
not willing to assume responsibilities by the subordinate
lack self confidence
lack of incentives
lack of resources
What is the difference between total quality management and total quality marketing?
Total quality marketing is a subset of Total quality management (TQM)
If TQM believes that all the management processes are focused on the achievement and improvement of customer satisfaction then total quality marketing is how the marketing department should operate.
What is the role of an advertising agency in formulating advertising budgets?
The role of an advertising agency when it comes to advertising budgets is mainly to maximize effective momentum for the client through the clients currently announced budget. The advertising agency will work to get the best media, channels, and creative services for the current set budget. The agency basically monetizes the budget at hand for a commissioned rate.
Benefits of merger and acquisition?
There are certain benefits that can be derived from merging and acquiring a comany. First off, M&A require a lot less energy and time in getting a company set up as opposed to building a company from the ground up Secondly, it is very expensive to build a company from the ground up so M&A would be less expensive that starting a new company Thirdly, there are trasfers of talents and resources when a company is acquired by another
What is the antoym of management?
Antonym of management: 1. mismanagement, disorganization, chaos. 2. workers.
There are generally three types of business:
A buyout is an acquisition of a controlling interest in a business or corporation by outright purchase or by purchase of a majority of issued shares of stock.
List four fundamental management process that help organizations attain their goals?
planning, organizing, leading and controlling.expand on this and you got your answer.
What type of jobs require research skills?
Psychologist,Lawyer, Pharmacist, Scientist(Specific field), Pathologist, Investigator, Reporter, Economist
Strategic change is a simple and quite a common and ordinary change. With this change, some policies, general plans, and initiatives are changing and it is the first and final steps in conquering the market.
1. Feed-forward is a term describing a kind of system which reacts to changes in its environment, usually to maintain some desired state of the system. A system which exhibits feed-forward behavior responds to a measured disturbance in a pre-defined way - in contrast with a feedback system.
2. This is a control technique that can be measured but not controlled. The disturbance is measured and fed forward to an earlier part of the control loop so that corrective action can be initiated in advance of the disturbance having an adverse effect on the system response.
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Feed Forward control is mechanism within some control systems in which information is sent ahead in time to prepare a part of a control system.