1. In the light of the system‚ describe the decisions to be made in the area of strategic planning‚ managerial control and operational control? What information would you require to make such decisions? Ans. A management information system (MIS) is an organized combination of people‚ hardware‚ communication networks and data sources that collects‚ transforms and distributes information in an organization. An MIS helps decision making by providing timely‚ relevant and accurate information to managers
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The purpose of this assignment is to help you prepare for successful‚ enjoyable participation in a positive team experience for Units 8–10. In this assignment‚ you will research and compose descriptions of a fictitious anonymous company’s five functional areas. Further‚ you will explore organization’s code of ethics and executive summaries of reports to understand what they are and how to compose them. Your main task is to develop a broad overview of the mission and purpose to be prepared to participate
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Functional Areas of Business Nicole Wright MGT/521 July 8‚ 2013 ROBERT BALCERZAK Functional Areas of Business Organizations are made up of various functional areas that keep the business together to run smoothly and organized. The functional areas that required management are legal‚ human resources management‚ accounting‚ finance‚ economics‚ research and statistics‚ operations management‚ marketing‚ and strategic planning. Managers play a vital role in every functional area that exists
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Functional Areas of Business Claudia Portillo MGT/521 - Management September 4‚ 2014 Robert Cantu Functional Areas of Business What is a manager? How is the role of a manager and the functions within the business field imperative to companies? Why is having a manager so necessary or crucial to any type of business? These are only a few questions that might have come across so many people within any job or career‚ however‚ a managers’ job is so vital and essential that it
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Functional Areas of Business University of Phoenix In order for any business to achieve its goal and objectives‚ its functional areas of business must be operational. They are several functional areas; however‚ various organizations may have areas added that are not common to another. Furthermore‚ functional areas of business have specific task and responsibility for supporting precise aims and objectives. According to the University of Phoenix‚ (they are marketing‚ operations management
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Analyzing the functional areas of Management Adrean D.Thomas MGT/521 September 3‚ 2013 Dr. Machen Analyzing the functional areas of Management In all types of businesses (big or small)‚ managers play a key role in the efficiency‚ profitability‚ and functionality of how the business meets its goals and successes. The purpose of managers are to oversee and coordinate the work of others. As managers‚ it is important that ensure that the business’ greatest resource‚ which are its employees
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Functional areas of business Businesses are composed of different areas that work cohesively to achieve goals. The areas are often referred to as departments or functional areas. Accounting‚ Human Resources‚ Operations‚ and Sales are all examples of functional areas. Every business needs the functional areas‚ but not every business will separate them into individual departments or functional areas. Small businesses could have one person responsible for Operations and Accounting‚ whereas larger
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Functional Areas of Business MGT/521 January 29‚ 2013 Functional Areas of Business People think that a manager’s job is to supervise employees. Management is more than supervising people‚ it is a mixture of different elements that come together to run an organization smoothly and competently. An equipped manager will possess the knowledge of the different functional areas of management‚ including the four functional areas of management to the different content areas of management. People usually
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Functional Areas of Business La’Kisha Thomas University of Phoenix Management MGT 521 Greg Luce February 11‚ 2013 Functional Areas of Business The functional areas of business are management‚ law‚ human resources management‚ leadership‚ accounting‚ finance‚ economics‚ research and statistics‚ operations management‚ marketing‚ and strategic planning. Although‚ all of the functional areas are essential to the success of a organization‚ two areas stand out as key to getting the business started
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Tesco’s key functional areas Functional areas In all companies there are many different tasks which need to be carried out regularly‚ in order for the business to reach its aims and objectives. Stock needs to be brought‚ the bills and finances need to be controlled‚ and customer service issues dealt with and so on. In a small organisation one or two people may do all the jobs‚ whereas in a large organisation people have to be specialized in many different individual tasks. In a large company
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