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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
Disadvantages of quality assurance?
High cost required
More man power
Tasks carried to train staff
More resource
Why strategic management is so important?
1.It results in higher organizational performance.
2.It requires that managers examine and adapt to business environment changes.
3.It coordinates diverse organizational units, helping them focus on organizational goals.
4.It is very much involved in the managerial decision-making process.
Strategic project management is used to grow the business. Project managers choose projects that align with the strategic objectives of the company.
What Citigroup's strategic management plan?
Only employees of Citigroup know the strategic management plan of the organization. Managers don't publish this information because it would be detrimental to their competitive advantage.
How can companies achieve good corporate governance?
What is the difference between governance and management?
Governance refers to representing the will or interests of a group of people. In an equity corporation, that group is called the owners or shareholders. In a polity, the citizens are the owners. Nonprofits are a little more complex. The citizens, who provide tax breaks, are one class of owners, but members, or people who care about the mission of the organization is another class of owners. The governing body represents those owners and directs the management to achieve particular results that are desired by the owners. The governing body also oversees the management to ensure that the organization is achieving the desired outcomes and to ensure that the organization is acting prudently, legally, and ethically.
Managementis the group of people who are given the authority by the governing body to achieve the desired results. The management is accountable to the governing body which is in turn accountable to the owners.
The Challenge The difficulty is that the management is often benefits from actions that may not benefit the interests of the owners. For instance, the CEO may try to drive up stock prices so as to receive a larger bonus. The Executive Directors may choose to reduce the amount of insurance on a building in order to have more funds available for staff salaries. Because of the misalignment between owners desires as management desires, the governing body must always remain independent from the management in order to zealously represent the owner's interests. When governing bodies make management decisions (as they do with working boards of directors), they reduce their ability to sever the owners.
Why a Mission Statement is needed for an organization?
An organization exists to accomplish something. So a mission statement is needed when the management of an organization senses that the organization is drifting, it is time to renew its search for purpose by asking:- 1). What is our business? 2). Who is our customer? 3). What do customers value? 4). What should our business be? The first step in the strategic planning process is defining the company mission. 1). A mission statement is a statement of the organization's purpose-what is wants to accomplish in the larger environment. 2). A clear mission statement acts as an "invisible hand" that guides people in the organization. 3). Market definitions of a business are better than product or technological definitions. Products and technologies can become outdated, but basic market needs may last forever. 4). A market-oriented mission statement defines the business in terms of satisfying basic customer needs. The mission statement must avoid being too narrow or too broad. Mission statements must: a. Be realistic. b. Be specific. c. Fit the market environment.d. Indicate distinctive competencies. e.Be motivating.
What is General Administration?
General administration refers to any administrative careers or duties for the benefit of the public without an overly technical focus. These encompass many administrative fields like public relations, research and analysis, executive leadership, management, and other state-based industries.
Describe the key elements of toal quality management?
what would best describe a quality management strategy?
What is MTV's Business Strategy?
MTV's business strategy/ies emanate on coordinating with the various record labels and companies so that they could acquire the most number of videos possbile, thus, attracting more viewers since the videos that the latter prefers are aired on tv. More so, the channel also creates quite a number of variety shows and programs that satisfy the taste and preferences of the viewers. In addition, it also radical and pragmatic in inoculating changes within the industry, and is always a risk-taker (remember Beavis and Butthead?). This show may have gotten the ire of some conservative viewers, but it definitely got the patronage of its market - the youth - the radical youth. In marketing terms, MTV's strategy is very effective. It was able to properly choose a market, and segment it. It also adopted a very effective market penetration strategy, as it airs shows that show radical, pragmatic and out-of-the box ideas and themes. I guess their executive board, their top-management, are very fluent with the various marketing strategies such as: Igor Ansoff intensive growth strategies, the BCG matrix, and Michael Porter's Five Forces and Generic Strategies.
Environmental factors that affect the process of marketing?
The marketing management process involves helping each business unit of the company reach its strategic objectives, in relation to creating value for target consumers while fulfilling company goals. Factors influencing the process are target consumers (central), marketing mix decisions, planning, implementation, analysis and control procedures, and micro- and macro-environmental forces.
When did marketing start and by who?
I heard that the "professional ladies" of Pompeii, Rome and Ancient Greece wore sandals that left the words "Follow Me" in their footprints in the sandy streets, which is supposedly the earliest known record of direct maketing. The idea was that prospective clients would se the tracks and follow them to their place of employment, I suppose.
In the modern world, it would be the big corporate giants, where marketing culture shifted away from sales and production, to marketing (since there was excess products). This includes mcdonalds, sony, etc. One commonl used marketing exampple is the "brooke and jeremy" story where sony started rumors about the singer and vj, but brooke had absolutely no idea about it, and both were upset about the rumors. It's a very notable example of viral marketing.
What is the difference between proactive and reactive public relations?
Put simply, a proactive policy involves making a sacrifice now for an uncertain future. It is doing something that can or would prevent a future problem. For example, saving money in a bank account. But being too proactive can be seen as paranoid. A reactive policy however, involves taking action after the problem has already risen. Just remember everything has costs and benefits.
What is the strategies for landfill and leachate management?
leachate comes from landfills; it leaks from landfills and pollutes waters and i think it is very bad so dont let landfills pollute any more because leachate is bad for us.
Where can I get a copy of a generic Project plan template?
Where can I get a copy of a Generic Project Plan?
Where can I get a free copy of a Generic Project Plan?
Are you looking for a template to help you plan a project or for a template project plan?
If you are looking for a template to help you plan a project there are several available. Try running a search and see the related links.
If you are looking for a project plan you may struggle. All projects are different so I doubt a generic project plan exists. However, there are example and template project plans available. See related links.
# STRATEGIC OBJECTIVES
Statements of vision tend to be quite broad and can be described as a goal that represents an inspiring, overarching, and emotionally driven destination. Mission statements, on the other hand, tend to be more specific and address questions concerning the organization's reason for being and the basis of its intended competitive advantage in the marketplace. Strategic objectives are used to operationalize the mission statement. That is, they help to provide guidance on how and vision. As a result, they tend to be more specific and cover a more well-defined time frame. Setting objectives demands a yardstick to measure the fulfillment of the objectives. If an objective lacks specificity or measurability, it is not very useful, simply because there is no way of determining whether it is helping the organization to move toward the organization's mission and vision. Most of strategic objectives are directed toward generating greater profits and returns for the owners of the business, others are directed at customers or society at large. • Measurable. There must be at least one indicator (or yardstick) that measures progress against fulfilling the objective. • Specific. This provides a clear message as to what needs to be accomplished. • Appropriate. It must be consistent with the vision and mission of the organization. • Realistic. It must be an achievable target given the organization's capabilities and opportunities in the environment. In essence, it must be challenging but doable. • Timely, there needs to be a time frame for accomplishing the objective. After all, as the economist John Maynard Keynes once said, "In the long run, we are all dead!"
Home management refers to the physical development or resources within a home.
you can be a leader when you have the passion. dont use your own power to do unecessary. be hardworking. l;earn to get along with your group. they will like you. good luck for being a leader.
Distinguish between project and program?
A project is a collaborative enterprise, frequently involving research or design that is carefully planned to achieve a particular aim. A program on the other hand is the act of creating and managing multiple projects where in most cases the projects are related. A project is usually short term with time constraints while a program is an ongoing process in order to achieve major objectives.
Can you explain me the difference between programme and project
What is the advantage for knowledge management?
The knowledge management can help in many ways:
- Helps the organization to know, what they know! i.e., What are the strong capabilities/ staff and facilities they have?
- Helps the organization to identify the concentration areas and less populated areas of knowledge.
- And it helps the organization to collectively, share towards fulfillment of goals and objectives of the organization. It also help find the current status of the organization as compared to the competitors.
these are also the benefits of KMS
· facilitates better, more informed decisions;
· contributes to the intellectual capital of an organization;
• encourages the free flow of ideas which leads to insight and innovation;
• eliminates redundant processes, streamlines operations, and enhances employee retention rates;
• improves customer service and efficiency; and
• leads to greater productivity.
• A Collaborative Culture
• More efficient question/problem handling
Compare and contrast scientific management and administrative management?
Scientific management uses methods to determine the most effective strategies for a company to use. Administrative management involves structural hierarchy and different divisions are used to achieve goals.
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