MANAGEMENT THEORY AND PRACTICE TYPE: GROUP ASSIGNMENT CODE: BMU 07137 SEMESTER: ONE FACILITATORS: Mr. MARANDU V. GROUP MEMBERS 1. MOHAMMED ABDULRAHIM R. 2. MUJWIGA SHYMIMANA S. 3. KILINDO JESCA C. 4. KOMBA TULIZO D. 5. MUKYA ARAPHA M. 6. MWAKATUMBULA HARRISON H. Question To what extent is the study of management theory and practice
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emerging nations- Global expansion. Threats • Rapid Technology Changes • Industry constantly evolving • High competition • Patent copy right violation • Multiple distribution network‚ weak • Outsourcing difficulties – vendor not happy • New Management The Strategic Position and Action Evaluation (SPACE) Matrix The Strategic Position and Action Evaluation (SPACE) Matrix is four-quadrant framework indicates whether aggressive‚ conservative‚ defensive‚ or competitive strategies are most appropriate
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They also lead their employees as well as motivating them to meet set targets. What managers do is represented by the term POLC. This means; planning‚ organizing‚ leading (commanding)‚ and controlling. According to Henri Fayol‚ there are fourteen management principles. However not all of them apply to manager’s roles‚ essentials‚ system‚ functions or contingencies. Planning is a predetermined course of action in order to set up clear business objectives and making of decisions on the best use of resources
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1. In what ways are elements of the classical management approaches evident at Zara? Zara used two components of the classical approaches: scientific was hire workers with the right abilities and administrative principles that states by Henri Fayol. According to Fayol’s studies‚ there are identifies five “rules” or “duties” of management in respect to foresight‚ organization‚ command‚ coordination‚ and control. Foresight‚ which is making plans for the organization‚ and Zara plan “go fast”
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Jonalyn b. De leon Bsba1 Management What is planning? Planning involves the creation and maintenance of a plan. As such‚ planning is a fundamental property of intelligent behavior. This thought process is essential to the creation and refinement of a plan‚ or integration of it with other plans; that is‚ it combines forecasting of developments with the preparation of scenarios of how to react to them. http://en.m.wikipedia.org/wiki/Planning Types of plans Three major types of plans can help managers
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Blossom Greene 10/02/2012 1) One of Fayol’s 14 principles that are evident in this case is Discipline. The reason being is because to have discipline‚ there needs to be obedience and respect which as a result‚ will help an organization run smoothly. An example of this is when Ross was told that he to be a respected and good manager in his former business. Another principle would be remuneration. The reason being is because remuneration is when employees are paid fairly in accordance with their
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TTI – Case study November 2011 TTI is located in Fort Worth‚ Texas and operates as a specialty distributor of passive‚ interconnect‚ and discrete components. “TTI’s mission is to be the most preferred electronics distributor for their customers and suppliers‚ deliver the right parts exactly on time‚ and to exceed their internal and external customer requirements through continuous improvement‚ while providing a home for hardworking‚ dedicated‚ knowledgeable‚ and ethical people who believe
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system to cater for all management structures I will have in place. I would also need to be widely diversified in my operations in order to spur growth. To maintain an effective management system‚ there will also be a need for effective coordination among the different stores. For this approach to meet its target of measuring up to the competition provided by established companies like Abercrombie and Fitch‚ each of my company’s stores will have a relatively autonomous management structure but major
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Case 1 McDonald’s: Grilling Up an Empire 1. Describe some of the management challenges McDonald’s has likely faced in its expansion internationally. McDonald’s has been a staple in the restaurant business for as long as most of us can remember. It has achieve around the globe‚ but not without overcoming a fair amount of challenges in its pursuit of the title “King of Fast Food”. The basis for the entire business is ethical‚ truthful and dependable. It takes time to build
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Dynamic Changes Summary: Before Kunio Nakamura took over as CEO of Matsushita‚ Japanese electronics giant‚ they had experienced numerous declines in earnings. Furthermore‚ they watched as their long-time competitor; Sony; had grasped more than double of the market capitalization. To make matters even more complex employee morale was declining as well.1 This was undoubtedly a managerial nightmare for any individual to step into‚ but with innovative ideas‚ modernization‚ and strategic moves Kunio
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