CHARTERED MANAGEMENT INSTITUTE LEVEL 5 DIPLOMA IN MANAGEMENT AND LEADERSHIP Darlington College UNIT 5003 MANAGING PERFORMANCE “Don ’t lower your expectations to meet your performance. Raise your level of performance to meet your expectations.” Ralph Marston There is no single good or best way of conducting performance management. But the overriding principle is that good performance management is equated with good management. It is about ensuring that managers manage effectively‚ that they
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enterprises (MNEs)‚ and if it’s not the global environment is forcing companies regardless of their location or primary market base‚ to consider the rest of the world in their competitive strategic formulation. Firms cannot isolate themselves from or ignore external factors such as economic trends‚ competitive situations‚ or technology innovation in other countries if some of their competitors are competing or are located in other countries. With the world becoming a global village firms are faced with competition
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How important is ambition to successes? Thomas Jefferson‚ the third president of the United States‚ once said‚”Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” Thomas Jefferson then became one of the most influential leaders of all time and envisioned the United States to be one of the most powerful countries in the world‚ something no one at the time could imagine. It turned out to be true. Why was
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level and micro level. At the macro level‚ alarming degrees of NPAs have a detrimental effect on the macro economy. A high level of NPAs or loss could cause significant banking crisis or banking distress. This causes a serious liquidity and credit risk on the banking system‚ which unless managed effectively would jeopardize the same. Loan Defaults Loan default occurs when a debtor has not made a scheduled payment‚ or has violated a loan condition of the debt contract. A default is a failure to
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Managing Technology Technology‚ Information Technology included‚ have changed our lives in so many ways. It changed how we recorded our thoughts into written words‚ how we communicate with one another‚ how we shop‚ bank‚ how we keep our memories‚ most aspect of our lives. It significantly changed the manufacture industry and touched almost every single industry. The first computer was invented in 1939 by Hewlett-Packard in a garage in Palo Alto‚ California. It was mostly used in military/government
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RISK MANAGEMENT INTRODUCTION 1. Risk is all around us‚ over the last few years we have become more sensituationive and perhaps a little more accustomed to the types of risk we face. For example the recent economic recession highlighted the risk of interdependence of economies of the world; the 26/11 terrorist attacks in Mumbai reinforced the risk associated with the open waterways into the financial capital of our country. 2. There is a growing recognition that the risk is more complex and
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OPERATIONS MANAGEMENT So What Is Operations Management? So What Is Operations Management? So What Is Operations Management? • Managing and directing activities of all forms is crucial in organizations • Accomplished by designing efficient and productive processes‚ and by effectively allocating resources What Makes a Successful Operations Manager ? Success Factors · · · · · · · · Quantitative proficiency The ability to identify and control risk Strong organizational
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Bhutan‚ and Sri Lanka are all in the same vicinity. China lies in close geographical proximity to the territory of Bangladesh‚ separated only by a narrow Siliguri Corridor of India. United States defies geo-politics of the region by the extent of the global reach of the armed forces and presence of its naval fleet in the Pacific and the Indian Ocean. India‚ China‚ and the United States are the three most significant players in the region desiring to expand their power and influence by enhanced partnership
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Introduction to operations management Learning outcomes After reading this chapter you will be able to: ➜ Define what is meant by operations management ➜ Understand the nature of operations within an organization ➜ Explain what an operations manager does and the role he/she plays in an organization ➜ Discuss the similarities and differences between the manufacturing and service sectors of the economy ➜ Explain the similarities and differences between customer processing operations‚ materials processing
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operation management • Executive Summary Operation management is defined as the design‚ operation‚ and improvement of the systems that create and deliver the firm’s primary products and services. Somerset furniture company’s global supply chain was getting lose its competitive edge and even faced shipments delayed by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in lost customers and excessive
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