5 Qualities of a Good Manager 2/14/2006 When I think of pioneers in management history that set the bar for good managers Dr. W. Edwards Deming is the first person that comes to mind. It is difficult to limit his 14 points of quality management down to 5‚ but for the assignment’s sake I will choose 5 of my favorite. Maybe I am biased towards his management obligations because he is an Iowa native‚ but Deming’s quality teachings used in Japan after 1950‚ while the country was rebuilding after
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Need for segmentation:- The importance of market segmentation results from the fact that the buyers of a product or a service are no homogenous group. Actually‚ every buyer has individual needs‚ preferences‚ resources and behaviors. Since it is virtually impossible to cater for every customer’s individual characteristics‚ marketers group customers to market segments by variables they have in common. These common characteristics allow developing a standardized marketing mix for all customers in this
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Answers Q1. Effective communication is important in an organization because it creates mutual understanding environment between the management and employees. Directly‚ it also helps in increasing the employee’s productivity. Q2. Listening and retaining as much of the information communicated is the end result of being actively focused on your subject. In order to do that you must actively listen and take notes if necessary‚ and try to ask clarifying questions. Q3. To gain understanding
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MARKET SEGMENTATION‚ TARGETING AND POSITIONING MARKET SEGMENTATION INTRODUCTION: - The market for any product is normally made up of several segments. A ‘market’ after all is the aggregate of consumers of a given product. And‚ consumer (the end user)‚ who makes a market‚ are of varying characteristics user and buying behavior. There are different factors contributing for varying mind set of consumers. It is thus natural that many differing segments occur within a market. In order to capture this
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Market segmentation is the process of grouping buyers into different categories on the basis of their common needs‚ desires and requirements. It is the strategy of subdividing the target market into sub-groups of consumers with definable‚ distinct and homogeneous characteristics so that a different marketing programme can be set up for each group. This will result in an enhancement in the satisfaction to the consumers and profit to the marketer. According to Professor Philip Kotler‚ “Market Segmentation
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presents an interactive algorithm to automatically segment out a person’s face from a given image that consists of a head-and-shoulders view of the person and a complex background scene. The method involves a fast‚ reliable‚ and effective algorithm that exploits the spatial distribution characteristics of human skin color. To fulfill this aim‚ the following objectives are carried out: 1. Implement different types of image segmentations. 2. A universal skin-color map is derived and used on the
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Introduction: Market Segmentation: Market segmentation is the process of dividing the market into parts that are different from one another. It is the identification of potential customers who would buy your products. Different customers have different needs and it is not possible to satisfy these needs by treating all customers in a similar way. Most organisations do not have all the resources to satisfy the needs of all the customers. Therefore‚ it is necessary to identify the similar groups of
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Segmentation is important in consumer analysis because understanding the consumer will allow us segment the market more meaningfully. To get a product or service to the right person or company‚ a marketer would firstly segment the market‚ then target a single segment or series of segments‚ and finally position within the segment(s). Market segmentation is the basis for customer orientation and differentiation Segmentation is essentially the identification of subsets of buyers within a market who
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prepared give some reasons? Answer: Adjusting entries have to be made because a company’s assets‚ expenses‚ and liabilities never stay the same from one accounting period to another. I will try to give you at least two examples of why adjusting entries must be made. Example 1. A customer purchases items on account for the amount of $500. When the sale is first made the company records this transaction in sales and accounts receivable. Let’s just say it’s the end of the month and the customer
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“Attitude is a little thing that makes a big difference” Winston Churchill. This relates to the film Schindlers List as the main character Oskar Schindler has a major change in attitude towards the Jewish people. At the beginning of the film Schindler is introduced as a selfish man looking to exploit the Jews as workers. While he witnesses the liquidation of the Ghettos Schindler’s personality soon changes as he releases he can make a difference. This is shown using specific shots and lighting techniques
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