Challenges of the Entrepreneurs Starting A common denominator for all entrepreneurs is the challenge of starting a business‚ be it through inventing something‚ looking for a new idea within a business‚ finding the right opportunity to break into a business‚ or buying into a franchise. And all of these takes planning — organizing all the aspects so that you reach your goal. Capital/Funds This is by far the greatest of all challenges facing entrepreneurs. Most entrepreneurs
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organizational unit‚ every manager must perform some ceremonial duties as well as greet dignitaries‚ attend weddings‚ or take out customers. As figurehead of an organization managers need to take responsibility for actions of the employees such as taking blame for a mishap that may have occurred Leader Managers are responsible for the work of their respective people of their unit. They must partake in leadership roles such as motivating and encouraging employees. As a leader‚ the manager must empower their
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line managers have a lack of desire to implement HRM. However‚ willingness is essential for someone to perform effectively. Furthermore‚ line managers do not have capacity to implement HRM‚ since they have other‚ more pressing‚ short term operational responsibilities. This short-range focus may result in people management that is generally less effective. Besides‚ line managers have limited skills and competences in HRM due to a lack of training. It is suggested that these low competences are a significant
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activities to achieve desired outcomes. A manager is someone who works with and through other people by co-ordinating their work activities to accomplish organisational goals. (Robbins‚ Stagg‚ Coulter‚ 2003‚ p.10) This definition states‚ the fundamental responsibility of a manager‚ is to accomplish the organisations objectives by ’getting things done through people’. There are however several ways of conceiving managerial responsibilities‚ as a ’manager’ can be viewed from many different positions
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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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I. How Do Businesses Compete? （Q1‚Q2) 1. Business strategies are primarily concerned with allocating resources across functional activities and product-markets to give the unit a sustainable advantage over its competitors. 2. The unit’s core competencies and resources‚ together with the customer and competitive characteristics of its industry‚ determine the viability of any particular competitive strategy. 3. Most SBUs pursue a single competitive strategy—one that best fits their market environments
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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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The manager interviewed is a middle manager involved in Australia’s largest and longest running not for profit children’s organisation. The organisation is structured in a traditional way with clear divisions and set job positions (Robbins‚ Bergman‚ Stagg and Coulter‚ 2008). The manager is responsible for the operation of twenty two children’s services as well as the management of the twenty two directors and one hundred and sixty staff involved in these children’s services. The manager is responsible
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EDUCATION IN EASTERN NIGERIA: Being a Summary of an Essay Paper. BY Leechichi Okpechi Introduction The high performance of people from eastern part of Nigeria in areas of business‚ trade‚ farming and handiwork seem to trigger a curiosity to explore into its primary reasons. Some admirers have come up with the explanation that their traditional education coupled with great level of efforts and unconditional devotion to customs make the difference. This is because education for the
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2302-4593 Vol. 2 (5): 102 - 115 The impact of petroleum on economic growth in Nigeria Michael Baghebo Niger Delta University‚ Bayelsa State‚ Nigeria baghebomichael@yahoo.com Timothy Okule Atima Niger Delta University‚ Bayelsa State‚ Nigeria Abstract The study examines the impact of petroleum on economic growth of the Nigerian economy. Data covering the period 1980-2011 was collected from the Central Bank of Nigeria Statistical Bulletin‚ and transparency international Agency annual publications
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