person responsible for planning and directing the work of a group of individuals‚ monitoring their work and corrective actions when necessary. To be a successful manager is not that easy and ask certain competencies‚ the most important issue in management success is being a person that others want to follow. It is expected that managers have technical skills but the bigger test is in the way they manage people. This is perhaps the most critical and elusive skill set of all. Weak people skills lead
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HSBC From Wikipedia‚ the free encyclopedia HSBC Holdings plc Type Holding company[1][2] (Public limited company) Traded as LSE: HSBA NYSE: HBC Euronext: HSB SEHK: 005 BSX: HSBC.BH Industry Banking‚ Financial services Founded 1865[3] (The Hongkong and Shanghai Banking Corporation) 1991[4] (HSBC Holdings plc) Founder(s) Thomas Sutherland Headquarters 8 Canada Square‚ Canary Wharf‚ London‚ United Kingdom[5] Number of locations Approximately 7‚200 offices across 85 countries
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HKUSPACE Introduction to Front Office Operations (Directed Study) The Hotel Organisational Structure Hotels employ a vast number of persons with variety of skills. The larger the hotel‚ the more specialised the tasks. Large hotels have bigger resident populations and provide more services than do many small towns. Hotel organisations follow the pattern of other business institutions. They break up the work force into separate departments‚ with each department entrusted with a share of the
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power Span of control: -The number of dependents that a manager or controller can directly control. This number varies with the type of work: complex‚ variable work reduces it to six‚ whereas routine‚ fixed work increases it to twenty or more. -Management literature identifies various factors that cause span of control to differ among managers and in different organizations. For example‚ narrower spans of control are appropriate when the nature of work performed is complex‚ when organizational objectives
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duties of an organization. Organizational structure determines how the roles‚ power and responsibilities are assigned‚ controlled‚ and coordinated‚ and how information flows between the different levels of management. A structure depends on the organization’s objectives and strategy. In a centralized structure‚ the top layer of management has most of the decision making power and has tight control over departments and divisions. In a decentralized structure‚ the decision making power is distributed
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HSBC: Who’s the Boss? HSBC: Who’s the Boss? Case Overview In September 2010‚ the business world was shocked by a public boardroom debacle at HSBC. Incumbent Chairman‚ Stephen Green‚ had announced his pre-mature departure from HSBC ahead of schedule‚ putting HSBC’s succession plan into the spotlight. An unforeseen and public power struggle ensued‚ with speculation as to whether incumbent CEO Michael Geoghegan or one of several other possible candidates would get the top job. The chaotic succession
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Organizational Structure and Culture Introduction In order to understand and evaluate different business structures one must be aware of the exact meaning and standards‚ which make that structure. Different business function in different ways. The World today is full of innovative and new structures‚ company cultures and ways in which companies base their work. Globalization has emphasized the meaning of company culture in ways that have led to completely new ideas‚ while
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shareholding in these companies. The chairman of Tata Sons has traditionally been the chairman of the Tata group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. Conclusion Organisation structure refers to the grouping of activities and establishing pattern of relationship among the various parts of the organisation. It involves the assignment of tasks‚ establishment of hierarchical relationship‚ creation of policies‚ procedures‚ coordination
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CHAPTER-1 INTRODUCTION TO C.B.I INTRODUCTION Corruption in public life is an age old problem. It is not peculiar to India but has existed in some form or the other even in economically advanced and progressive countries. The extent varies to the degree of public awareness and the national character of the people. Any well intentioned government and society which aim at purity and integrity must need waging an incessant war against “CORRUPTION.” Thus it caused the evolution of Central Bureau
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What is Organization Management ? Organization management refers to the art of getting people together on a common platform to make them work towards a common predefined goal. Organization management enables the optimum use of resources through meticulous planning and control at the workplace. Organization management gives a sense of direction to the employees. The individuals are well aware of their roles and responsibilities and know what they are supposed to do in the organization. An
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