Business management Lecturer: Dr.B.NDLOVU PhD Lecture One Objectives Definitions of Management Levels of management Functions of management Percentage time spent on functional activities The 10 roles of managers Managerial skills/ competencies required at different managerial levels DEFINITION OF MANAGEMENT WHAT IS MANAGEMENT? Management The process of coordinating work activities so that they are completed efficiently and effectively with and through other people Elements
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the terms finance and financial management‚ and identify the major sub-areas of finance. Finance is the study of applying specific value to things individuals own to include services used and decisions determined [Finance by Cornett‚ M. M.‚ Adair‚ T. A.‚ & Nofsinger J. (2014). M: Finance (2nd ed.)]. In simple words‚ finance is how much value is attributable to goods and services and the basis of such attribution. Financial management may be defined as the management of the finances of a business
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Distinguish between efficiency and effectiveness in management. (5 marks) Efficiency refers to being productive at work‚ to use resources – time‚ equipment‚ people‚ money‚ raw materials‚ etc.-wisely & cost-effectively. An efficient manager will strive to maximize productivity at work. Efficiency can be calculated by the formula: output/input. Effectiveness refers to making the right decisions & to successfully carry them out so that they achieve organizational goals. A manager can
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project management has become such a popular business tool in recent years? Project Management has become a very important and popular business tool in recent years. If you want a successful project you should have a person in charge to keep the project organized. A project manager must have strong leadership skills such as: Integration management‚ Scope management‚ Time management‚ Cost management‚ Quality management‚ Human resource management‚ Communications management‚ Risk management‚ and
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Sheet – 01 & Lecture – 01 Question: Lending Management or lending policy Answer: Lending Management or lending policy and proud we the main instrument towards achieving mission and vision of a Bank. As mentioned in the memorandum and articles of association of the Bank it is committed to invest in industrial and business enterprises by developing projects of national importance‚ including the small and medium enterprise (SME) consumer loan‚ capital market separation‚ lease financing‚ trade
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Course Assessment Exercise : 20% Group Summary: 20% Group Work & Presentation : 20% Final Exam :40% Total Assessment : 100% 1–1 Assignments Thinking Critically About Ethics p48‚47 P98‚100 P119‚121 P162‚168 P183‚189 P203‚208 1–2 Critical Thinking 1 Information is power----those who have information have power. Because information gives people power‚ it’s human nature to want to keep that information and not share it. Knowledge hoarding is a business habit that’s hard to break
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Hong Kong‚ a special administrative region (SAR) of the People’s Republic of China (PRC)‚ is located in the southern coast of China‚ surrounded by the Pearl River Delta and South China Sea. It is well known of having a vast skyline and deep natural harbor‚ and is one of the world’s most densely populated areas in the world. Mainland China‚ the Chinese mainland or simply the mainland‚ is a geographic and political geopolitical field under the jurisdiction of the PRC’s terminology to describe‚
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EMBADJ 2014 INTRODUCTION TO MANAGEMENT ACCOUNTING Individual Assignment* Name: Mahmoud Baban | | | | |Due date: 4 September 2013 |Points Available |Points Earned | | | |
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properly without the use of incinerators that produce toxic air pollutants that pose threat to human health and environment. To begin with‚ not all of the wastes produced by hospitals are infectious or hazardous. With proper management and the use of well-known solid waste management tools such as segregation and recycling‚ the portion of a hospital’s waste stream that poses risk to human and environmental health need not be cause of public fear. According to the World Health Organization (WHO)‚ in 2000
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approach to teamwork that moves responsibility for decisions further down the organization chart to the level of the employee actually doing the job Continuous Improvement Management’s view of performance standards of the organization The way management views the contribution and role of its workforce (employee involvement and team efforts are the key to improvement) Key Elements of TQM: Quality is defined by customer Employee involvement Continuous improvement Prevention‚ not inspection
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