1. In the light of the system‚ describe the decisions to be made in the area of strategic planning‚ managerial control and operational control? What information would you require to make such decisions? Ans. A management information system (MIS) is an organized combination of people‚ hardware‚ communication networks and data sources that collects‚ transforms and distributes information in an organization. An MIS helps decision making by providing timely‚ relevant and accurate information to managers
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Functional Areas of Business MGT/521 January 29‚ 2013 Functional Areas of Business People think that a manager’s job is to supervise employees. Management is more than supervising people‚ it is a mixture of different elements that come together to run an organization smoothly and competently. An equipped manager will possess the knowledge of the different functional areas of management‚ including the four functional areas of management to the different content areas of management. People usually
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Areas of skills and practices are categorized according to the four main functions of management‚ including planning‚ leading‚ organizing‚ and coordinating. Preparatory texts in management frequently manage their topics according to the equal or similar classification. However‚ the four functions are in fact highly integrated when passed out in the day-to-day realities of in succession an organization. Therefore‚ the reader should not get trapped up in trying to closely investigate and
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What are the functional areas of management? Answer: There are many tasks every business needs to do if it is going to succeed. Each of these tasks is described as being a function of a business. The following is a brief introduction to each of these functions: * Human Resources - ensures the business has the best staff for the job and that they are able to work effectively in a safe environment; * Finance - will keep a record of all money coming in and going out of the business. They have
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Functional Areas This is also known as the different departments within the business What different functional areas/departments do think most businesses Marketing have? Finance Sales Human Resources Administration Research and Development Production Customer service What do you think each of the following departments do? Marketing Finance Sales Human Resources Administration Research and Development Production Customer services Marketing and sales
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Functional areas All businesses need to be well organised to achieve their aims and objectives. Certain tasks or functions must be done regularly. In a large organisation e.g. Tesco PLC‚ Newvic College‚ people work together in functional areas as it gets jobs done faster and easier. Below are the main functional areas: Marketing function The Marketing department would be responsible for: Marketing Research This means when an organisation collects data by doing a questionnaire‚ and also they do
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Functional Area Plan: Production and Operations By Deirdre Gist Member of The Signature Coffee Cup Crew Part 1: Production and Operations Manager Composition The ultimate goal for the company is to foster growth and expansion by becoming the foremost provider in quality products and customer service. In order to reach this goal and experience 100% growth over the next five years‚ the Production and Operations department (“Productions”) must streamline its manufacturing and restructure
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Functional Area Interrelationships: Kudler Fine Foods Charles Burt‚ Megan Engelking‚ Lou Gamache‚ Rebecca Lanham‚ and Julie Lee University of Phoenix BUS 475 July 24‚ 2011 Phyllis Koch Functional Area Interrelationships This paper is based on the Kudler Fine Foods (KFF) virtual organization scenario presented in University of Phoenix Business 475 course (Apollo Group‚ Inc.‚ 2009). The following topics will be covered about KFF; the main motivation for the KFF existence from analyzing the
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Fundamentals of Marketing Below is the notes for the introduction of marketing management. Simple things you will need to learn are the following: How Marketing Evolved Definition of Marketing Definition of Marketing Management The Five Marketing Concepts • Production Concept • Product Concept • Selling Concept • Marketing Concept • Societal Marketing Concept EVOLUTION OF MARKETS Marketing as we know it today began in the 1920s with the birth of the “marketing orientation”. During
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Functional Areas of Business There are many functional areas in business. In fact‚ each function has a manager role that helps with “coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively” (Robbins & Coulter‚ 2012‚ p. 8). Three of the functional areas are Marketing‚ Operational Management‚ and Accounting. With regard to areas in business‚ there are also functions in management that all areas follow. These functions consist of
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