How relevant is the evolution of management theories in modern day organizations?
Management theories remain relatively consistent through the test of time. The social behaviors of people do not change too drastically despite years passing by. However, with the emergence of generation y into the working field and with social media booming it has become necessary to revamp some of the management styles within modern day organizations. Nothing too drastic, but since new roles are being developed, new management styles are needed to oversee these new roles (such as social media etc.)
What is the role of project management on business growth?
The job of the project manager is to bring in a project, "On time and under budget". A successful completion of a project "on time and under budget" assures profit for the company and brings integrity to the claims that are made by the sales force. In other words, the company gains when a project manager is successful; prospective buyers can feel more confidence in a company that is able to keep the promises that are made during a sales presentation.
What does a project manager do?
A project manager is the person who has the overall responsibility for the successful planning and execution of a project. This title is used in the construction industry, architecture, information technology and many different occupations that are based on production of a product or service.
The project manager must possess a combination of skills including an ability to ask penetrating questions, detect unstated assumptions and resolve interpersonal conflicts as well as more systematic management skills.
Key amongst his/her duties is the recognition that risk directly impacts the likelihood of success and that this risk must be both formally and informally measured throughout the lifetime of the project.
Risk arises primarily from uncertainty and the successful project manager is the one who focuses upon this as the main concern. Most of the issues that impact a project arise in one way or another from risk. A good project manager can reduce risk significantly, often by adhering to a policy of open communication, ensuring that every significant participant has an opportunity to express opinions and concerns.
It follows from the above that a project manager is one who is responsible for making decisions both large and small, in such a way that risk is controlled and uncertainty minimised. Every decision taken by the project manager should be taken in such a way that it directly benefits the project.
Project managers use project management software, such as Microsoft Project, to organise their tasks and workforce. These software packages allow project managers to produce reports and charts in a few minutes, compared to the several hours it can take if they do not use a software package
Roles and Responsibilities
The role of the project manager may encompass many activities, including:
* Planning and Defining Scope
* Activity Planning and Sequencing
* Resource Planning
* Developing Schedules
* Time Estimating
* Cost Estimating
* Developing a Budget
* Controlling Quality
* Managing Risks and Issues
* Creating Charts and Schedules
* Risk Analysis
* Benefits Realisation
* Scalability, Interoperability and Portability Analysis
* Managing communications both internal to the team and with external stakeholders
* Documentation
* Negotiating and managing procurements with external contractors and suppliers
* Team Leadership
* Strategic Influencing
* Customer Liaison
To read more look for the PMBOK guide, the Project Management Body of Knowledge, which is the primary book that is used for Project Managers seeking certifications such as the PMP, the Project Management Professional certificate. There is also an international organization of Project Managers, the Project Management Institute, which has a great deal of information on their website.
What are Formal requirements of sales manager?
In the US and most everywhere else, there are no formal educational or business experience required to obtain the position of a sales manager. Normally the smaller the business, the more flexibility is available in taking on or appointing an individual to the position of sales manager. In larger companies, this is usually not the case. When there is an opening for a sales manager position in a large firm, the human resources department is given certain educational and background work experience required when they recruit for such a position. With that said, there are even in large organizations opportunities within a company to staff that position with an internal candidate. Taking into consideration a large company, usually some type of business related college degree is required. Degrees and advanced degrees in business administration, finance or communications are typical educational requirements. These are flexible however, depending upon the company involved.
What are the environmental factors that affect organizations?
The answer is many! I will list some of these in short word format so as to not write a whole book here.
1.) Social
2.) Political
3.) Financial
4.) QoS
5.) Product Quality
6.) Distribution Channels
7.) Promotional Channels
8.) Manufacturing
9.) Employee
10.) Leadership
11) organizational envirmential
Finance is all about money - making money, using money, making more money. People invest, buy, and save with money. Money is important to your standard of living, to your education, to your retirement. (Okay, so you can't imagine retiring; after all, you're what? 17? 18? And you're not going to get old, right? Well, it happens. Deal with it. And remember Social Security may not be there for you. Finance is all about money - making money, using money, making more money. People invest, buy, and save with money. Money is important to your standard of living, to your education, to your retirement. (Okay, so you can't imagine retiring; after all, you're what? 17? 18? And you're not going to get old, right? Well, it happens. Deal with it. And remember Social Security may not be there for you.
Advantages:
• relationships amongst quantifiable variables of decision-making strategies
Enhance accuracy level while analyzing the data
** Disadvantages:
• Broad the study, can be increased the number of samples from population.
What are the disadvantages of no formal organizational structure?
what are the advantage and sisadvantage of formal organization
What is the definition of individual differences in managerial skills?
Katz theory of managerial skills are :
Those 3 managerial skills are used by different managers. Top manager needs to have more conceptual skill than technical skill. They have to think about the future of the company (goal and objectives). Any small activities that support to achieve the goal and objectives are done by their employee. Top managers always think about the life of the business.
Middle manager is doing more in the interpersonal skill. They have to meet many people, so they need interpersonal skill to communicate with people. Example : negotiators.
The last one is Lower manager which need technical skill in their job. The lower manager are dealing with small activities that may lead to achieve the goal and objectives.
These 3 managers must have a good relationship each other, so that the objective and goal can be acheieved.
The very nature of business is to formulate a co-ordinated plan to provide a service or good to the consumer. Control is simply another name for a business plan which involves more than one employee. Because a business plan by its nature is a coordinated attack of a problem, there must be an administrator of the plan. This administrator is known as "manager" and it is the function of manager to ensure that the plan is properly implemented. By the nature of the function, control is a foregone conclusion because someone must be responsible for the implementation of the plan. Therefore the manager of the plan has the control function to insure that all parts of the plan are worked in a set order toward completion. Since the manager has the complete plan, he has the overview that the employee does not. He knows exactly how quickly the employee's part of the plan needs to be completed, therefore it is his job to insure that the employee does her job. This is the nature of business control.
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What is contigency approach to modern organisation theory?
What is the advantages of management control system?
Management Control System asists the operator in doing multi-tasking works, so as to concentrates on a more priority task. The task performed are from a previous operation that are stored in the data memory.
Goal setting is the primary function of planning. Without proper setting of goals, we can't reach the line of actions.
Plan out your work today and it will be helpful in the future for executing your plan.
Planning is required for objectives to be achieved. Planning is a commitment to a particular course of action believed necessary to achieved specific results. Planning is not a single even, but ongoing without clear beginning and end sensitive to changes in the environment surrounding each organization.
Planning involves individual plans, which are bound together in a structured manner. Planning process generally results in several specific plans.
There are different types of plans depending on the type of project:
Formal and informal Plans: Managers discussing what the plan may be, is called informal plans. After informal planning is done, documenting the decisions is called formal plan.
Short & Long term plan: Generally, the short-term plan refers to a period covering six to twelve months. Plans involving periods between three and five years are called long range plans. Time period definitions depend on the structure of the Organization.
Administrative & Operational plans: Administrative planning is very important; the organization totally depends on the administrative plan and this plan is created by the topmost administrative personals. Whereas the operational plans made by the middle level management.
On the basis of Course of ActionWhat are the types of budgets in a not-for-profit organization?
Budget that works for nonprofit organization and it relates to developing programs and what not.
What is purchasing and materials management basics?
Getting the right product and the right time and the right price.
What does Walmart regard as the nature scope and purpose of strategic management?
IT IS THE SYSTEMATIC STEPS AND ORGANISED APPROACH TOSOLVE A MANAGEMENT PROBLEM OF A PARTICULAR TASK INVOLVE IN MANAGING
What is management control system?
Management control is the process by which manager influence other members of the organisation to implement the organisation strategies.
Definition of management control system?
Management controls, in the broadest sense, include the plan of organization, methods and procedures adopted by management to ensure that its goals are met. Management controls include processes for planning, organizing, directing, and controlling program operations. A subset of management controls are the internal controls used to assure that there is prevention or timely detection of unauthorized acquisition, use, or disposition of the entity's assets.
Simons (1994) defined MCS as "the formal, information-based routines and procedures managers use to maintain or alter patterns in organizational activities".
Why is decision making the primary task of the Managers?
Decision Making is the core of planning, managers must make choices of action among alternatives. Managers must make choices on the basis of limited or bounded rationality. That is, they must make decisions in light of everything they can learn about the situation, which may not be everything they should know.
What is Retail Revenue Management?
retail revenue management is the effective utilisation of revenue or collection obtained or collected from retail shop or establishment for effective use.
with the help of my co worker i had complete the job. and i appriciate him on the meeting