The ability to ‘motivate people’ is considered to be a prime task of management. Managers‚ increasingly‚ have to act as coaches and guides in order to align the strategic goals of the organization with the demands and needs of individual employees. At the core of this aligning process is the manager’s skill to understand what does ‘motivate’ an individual to reliably and consistently commit their energy and talent to the organizational goal. Motivation theories are routinely drawn on to understand
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Throughout the essay‚ the managers will be referred to as Mr X and Mr Y and their company’s will be referred to as Company X and Company Y respectively due to confidential reasons. The first manager that was interviewed in order to fulfil this task was Mr X. He works for Company X‚ which is‚ a large service based organisation at the position of ‘Head of Corporate Credit Administration.’ His key responsibility at this bank is to provide credit administration support to Corporate‚ Investment
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varying roles and functions of a manager‚ all managers have the same fundamental functions that ensure the business runs as efficiently as possible.There are four areas that a manager deals with in the functional areas of any business. These four areas are controlling‚ leading‚ organizing‚ and planning.( Bateman ) It is important to realize that the role of control for a manager is not negative in nature. In the functional areas of a business‚ control means that a manager is making sure that all areas
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Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
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THE ROLE OF A MANAGER What is a manager? According to the oxford dictionary a manager is ‘a person responsible for controlling or administering an organization or group of staff’ but is that really what a manager is? (Oxford dictionaries 2011)This is because they are many different types of managers‚ as well as different roles each type of manager will have to perform‚ in order to be efficient and achieve their desired results. Also there are managers who must possess certain character traits
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When we discuss gratuities and whether it is right or wrong to accept them‚ we need to know the meaning of it. Gratuities are “items of value received by an individual because of his or her role or position rather than because of a personal relationship with the giver” (Pollock‚ 2014‚ p.179). When a law enforcement officer receives free gifts from a store or restaurant owner if he or she is not careful it can lead to corruption. The reason being is the officer would have the tendency to go to
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SUGGESTIONS FOR IMPROVING YOUR READING SPEED* Speed Reading is a method of improving reading ability‚ enhancing both the speed at which a text can be assimilated‚ and the level of understanding of the material. Rapid reading‚ effective reading‚ reading dynamics‚ quicker reading‚ faster reading‚ speed learning‚ power reading‚ reading genius‚ photo reading all these titles have been used to describe techniques for speed reading. Applying speed-reading techniques gives the following benefits:
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Accept the Tutorial Quest? YES NO Gregory hesitated‚ then thought to himself ‘Of course I should accept‚ there could be rewards‚ and if this is really real‚ it would probably help to have a grasp on what everything is. So‚ yes’ as he started to move‚ the YES light blinked‚ and the window vanished. ‘So
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TABLE OF CONTENTS Introduction & Background Haier’s Culture Industry Analysis SWOT Analysis * Strength * Weakness * Opportunity * Threat * Development Strategies (SO‚ ST‚ WO‚ & WT) PEST Analysis * Political * Economic * Socio-cultural * Technological Porter’s 5 Forces * Threats of New Entrants * Bargaining Power of Suppliers * Bargaining Power of Consumers * Rivalry among Existing Competitors * Threat of Substitutes
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Managers can use humor and give their employees small tokens of appreciation for work well done. Also‚ when leaders themselves are in good moods‚ group members are more positive‚ and as a result they cooperate more. 127 Finally‚ selecting positive team members can have a contagion effect because positive moods transmit from team member to team member CASE1 Emotions and positive moods appear to facilitate effective decision making and creativity. ● Recent research suggests mood is linked
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