management literature. There is a close connection between leadership and power. People follow leaders because they have power and people will follow them‚ the leaders get the power to lead. French and Raven (1959) identified that the power bases that managers can use are aimed to influence employees which include two types of personal power: expert power (respect accorded because of knowledge or skill and referent power (personal identification with and desire to emulate the leader). Three types of position
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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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systems. From an operational standpoint‚ the majority of IT manager responsibilities involve testing the integrity and performance of various information networks and software applications. Of course‚ since technology tends to evolve rather quickly‚ the IT manager must also periodically review and evaluate how current systems and applications are meeting the needs of the company or organization. This means that a successful IT manager should be able to identify and implement new technologies to
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and skills of a manager in any organization in Bangladesh. To complete the study‚ we conducted an interview with a manager of a reputed organization. The functions‚ role and skills of a typical manager in any organization in Bangladesh have been described below based on the study. WHO IS A MANAGER A manger is an individual who is in charge of a certain group of tasks‚ or a certain subset of a company. A manager is often has staff of people who report to him or her. A Manager is the person responsible
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Identify and Analyse Skills‚ Knowledge and Aptitudes Needed for Effective Management within the Cultural Sector Introduction The cultural sector is one of the most important industry in the world today. It has become a part of economy growth in many countries‚ having involvement from various creativity areas such as arts‚ advertising‚ media‚ design‚ and etc. Horkheimer and Adorno (2002) originally used the term cultural industries to refer to industrially produced commercial entertainment:
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interaction with its external and internal environments. The contingency viewpoint of management This viewpoint is useful because of its diagnostic approach‚ because it clearly departs from the one-best-way approach of the traditionalists. It encourages managers to analyse and understand situational differences and to choose the solution best suited to the organisation‚ the process and the people involved in each situation. The quality viewpoint of management This viewpoint emphasizes achieving customer
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The Role of Managers A manager of an organization has many roles within an organization. A manger can be seen as a leader who can identify change and recognize the many different ways to approach it. Some of the roles that a manager can play in the midst of changes are the director‚ navigator‚ caretaker‚ coach‚ interpreter‚ and nurturer (Palmer‚ Dunford‚ & Akin‚ Chapter 6‚ 2006). Each role has their individual perspective on the managing change. Similarly‚ each role has their individual perspective
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According to F. John Reh‚ a manager is the person responsible for planning and directing the work of a group of individuals‚ monitoring their work‚ and taking corrective action when necessary. Different types of manager responsible for different sections in a company. An operation manager responsible for the daily operation of company. Accounting section is supervise by an accounting manager. As there are various management functions in a business‚ hence a manager is responsible in planning‚ directing
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Managers are responsible for ensuring that tasks are performed by people or employees in an organisation. There are three ways to understand managers. A classic way of analysing the task of management is by examining management from the point of the functions performed by managers. The second approach is to observe the roles of managers while the third is to analyse the skills required by managers. A manager is a person whose job it is to oversee one or more employees‚ divisions‚ or volunteers to
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The top reason why people decide to leave their jobs are because of ineffective managers. Managing people can be a complex and intimidating task‚ especially for the inexperienced. Keeping a workforce motivated and engaged requires careful planning‚ and consideration. Being an effective manager is about supporting‚ coaching‚ directing and engaging employees. Effective management is the key to retaining good employees long-term‚ which not only make a business run more smoothly‚ but also cuts costs
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