Though functional leadership processes have received frequent dis¬cussion in team dynamics‚ little is known about the processes associated with leadership. There are two reasons for this; first‚ conceptually distinct processes associated with exchange‚ functional behavior‚ influence‚ and person perception have been used synonymously in defining leadership. This carelessness has made the term leadership indistinctive and has obscured the need to differentiate among such pro¬cesses. Second‚ adequate
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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FUNCTIONAL FOODS BY SHALU SINGH ABSTRACT Functional foods prevent many chronic diseases like Cardio- Vascular Diseases (CVD)‚ Cancer‚ Obesity‚ Alzheimer’s disease‚ etc. Dairy products‚ such as milk‚ cheese & yoghurt are among the best sources of several important vitamins like vitamin D & riboflavin and minerals specially calcium & phosphorus. Calcium‚ for example‚ prevents possible
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FY-01 Evolving role of Management Accounting Managerial accounting is the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organization’s goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organization’s management team. The relation between accounting and management has been commonly expressed by the phrase‚ “Accounting is a tool of management”
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Functional Strategies Management/521 Abstract This paper discusses some functional strategies use by an organization ’s various functional departments to support the corporate & competitive strategy. The managers play key role in forming these strategies. This also known as operational method to implement the tactics for internal departments. This includes Operation‚ marketing and finance strategies. Introduction The key strategies for the developments of the organizational capabilities of the business
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1) How do organizations cope with/postpone prospered obsolescence of managerial personnel. How do organizations cope with/postpone prospered obsolescence of managerial personnel. Discuss the role of leadership in the process. Explain with an example from an organization known to you. Please describe the organization briefly Obsolescence of managerial personnel is a situation where managers cannot keep up with the latest technology or are not as well-qualified as more junior staff Postponement
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FUNCTIONAL IMPLEMENTATION Functional plans and policies are the sole responsibilities of the managers and they are responsible for the implementation of plan and policies to be adopted by the organization. And strategist needs to direct them properly to achieve the set goal. Functional strategies are the same as functional plans and policies‚ which are the actual plans to implement organizations strategies. Therefore functional plans and policies are operational plan and tactics to make a strategy
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THE ROLE OF EFFECTIVE COMMUNICATION IN IMPROVING MANAGERIAL PERFORMANCE (A CASE STUDY OF IMO STATE ENVIRONMENTAL PROTECTION AGENCY ISEPA) ABSTRACT The role of effective communication in improving managerial performance. Management and communication are inseparable‚ it is the pivot in which activities of the various department relates to enhance industrial‚ growth‚ productivity and harmony in Imo State environmental
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Functional Nursing ❑ Functional nursing divides nursing work into functional units that are then assigned to one of the team members. In this model‚ each care provider is responsible for specific duties or tasks. ❑ Advantages • Care can be delivered to a large number of patients • Uses other types of health care workers when there is a shortage of RNs ❑ Disadvantages • Lack of continuity of care • Patient may feel that care is disjointed
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