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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 standard costing?

plz hz 4 my course work help me It is a cost accounting technique whereby standard product costs are compiled and subsequently compared with actual costs as recorded by the production process.

What is strategy development process?

A strategy is an organizations plan to achieve its mission - which is the purpose for the organizations existence. The development process involves three conceptual ways in which firms achieve their missions: * Differentiation * Cost Leadership * Response Effective strategies are also developed through proper evaluation of a S.W.O.T. analysis to gain competitive advantage

Behavioral implications of control?

One way to know that someone is being controlled by another person is the look of fear in their eyes. Additionally, the person will not readily voice their opinions.

What are the behavioral approach of management?

From the way that managers design jobs to the way that they work with employee teams to the way that they use open communication, we can see elements of behavioral approach

What are the characteristics of a good warehouse?

In my opinion, these are some characteristics a good warehouse should have:

  • Orginized so that things are easily found, and use a system of some sort to keep up with where everything is
  • Clean and clutter free so that it looks nice and there are no safety issues
  • Place things so that they are easily moved, and have equipment to move things around (such as a pallet jack and forklift)
  • Shelving so that warehouse space is used optimally, and enough ladders or vehicles for lifting people so that you can get to high shelves quickly
  • Have enough workers to handle all of the above jobs

What are the different levels of management?

Many organizations have multiple levels of management but they are three(3) mostly used of management which is the top management, middle management, and first-line, or supervisory management and the top management mostly deals with the planning of the organization.

What are the functional area of management?

There are many tasks every business needs to do if it is going to succeed. Each of these tasks is described as being a function of a business. The following is a brief introduction to each of these functions: * Human Resources - ensures the business has the best staff for the job and that they are able to work effectively in a safe environment; * Finance - will keep a record of all money coming in and going out of the business. They have responsibility for securing finances for future expansion and paying staff and suppliers; * Administration and ICT support - ensure the smooth running of the business on a day-to-day basis. They have responsibility for clerical duties, cleaning, computer and software support, security and health and safety; * Operations - have the task of producing the goods or service in the most efficient way. This is done by making best use of the business's staff, machinery, building and raw materials; * marketing and sales - will try and maximize the level of sales by carrying out market research and promoting the goods or service through a motivated sales team; * Customer Service - will help the customer before and after a sale has been made by providing information, giving advice, providing credit facilities, delivering goods and providing after-sales support; * research and development - will help the business remain competitive by developing new goods and services and updating the existing ones; Use of ICT - ICT will be used in each of these functional

What is the main difference between passive stereo vision and active stereo vision based on computer vision and image processing?

●Active Stereo Vision ●Two or more cameras placed at different locations ●One is usually stationery other can be moving ●Passive Stereo Vision

●Two cameras separated by a distance known as base length in the same plane

Discuss the contribution of Max Weber theory of Management?

Max Weber's theory of management emphasized the importance of rationality, hierarchy, and impersonal rules in organizations. He introduced the concept of bureaucracy as a way to efficiently organize large institutions. Weber's ideas have had a lasting impact on the field of management, influencing modern organizational structures and processes.

What is Distribution chain?

A distribution chain is the step by step route taken from the producer or manufacturer of a product to the end consumer of the product.

How do you handle a situation where your supervisor does not properly communicate information to you?

Speak to the supervisor and explain the situation. Tell them you need more information or that you need to clarify it. Do it in a non-confrontational way. Show that you are eager to learn, but need a little help. Thank them for their assistance.

What Corporate management hierarchy?

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What is participative management?

AnswerAn open form of management where employees have a strong decision-making role. Participative management is developed by managers who actively seek a strong cooperative relationship with their employees. The advantages of participative management include increased productivity, improved quality, and reduced costs

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Participative management holds employees

responsible, accountable, for their work.

It allows them to determine the out-come

of work-related activities.

Participative management affords employees

a voice. Employees take their jobs seriously,

and become loyal to the organization.

Participative management delegates

control to employees, but the

organizational goals must be adhered to.

Participative management fosters a

team environment. It is management's

job to explain what's expected, and work

with employees to achieve goals.

What are three limitations on the money expansion process?

1. Borrowers do something with the money they borrow

2. People do not withdraw cash.

3. Banks do not let reserves sit idle

To the extent that people prefer to hold cash, the actual money multiplier will be smaller than the simple money multiplier because cash withdrawals reduce reserves in the banking system.

Reduced reserves give banks less ability to make loans or buy bonds.

How can a business adapt to change?

A business can adapt to change by fostering a culture of flexibility and innovation, encouraging employees to embrace new ideas and approaches. Regularly assessing market trends and customer feedback allows businesses to pivot their strategies effectively. Additionally, investing in ongoing training and development equips employees with the skills needed to navigate change. Lastly, maintaining open communication helps ensure that all team members are aligned and responsive to evolving circumstances.

Who are the major contributors of management thoughts after 1980?

Here are some great examples of contributors to the Management Philosophies since the 80's:

Authors:

  • Tom Peters: In Search of Excellence (1982)
  • Ken Blanchard: The One Minute Manager (1982) & Gung Ho! Turn on the People in any Organization. (1997)
  • Jim Collins: Good to Great (2001)
  • Gary Hamel: The Future of Management (2007)
  • Peter Drucker: Managing for the Future (1992)
  • Henry Mintzberg: The Rise and Fall of Strategic Planning (1994)
  • Jeffrey Pfeffer: What Were They Thinking; Unconventional Wisdom About Management (2007)

Professors:

  • Michael E. Porter: Harvard University Business Professor
  • Peter M. Senge: MIT Sloan School of Management
  • C.K. Prahalad: University of Michigan, Stephen M. Ross School of Business
  • Chris Argyris: Professor Emeritus @ Harvard Business School

CEO's:

  • Jack Welch: General Electric 1980 - 2000
  • Steve Jobs: Apple Inc & Pixar Studios - 1997 - 2011
  • Marissa Mayer: Yahoo! 2012 - Current
  • Eric Schmidt: Google 2001 - Current

I know it was before 1980 but I have to add my favorite book on management -- Robert Townsend's "Up the Organisation"