Assignment on Evolution of Management Thought Principles of Management Submitted to Professor (Dr.) Abu Hossain Siddique Department of International Business University of Dhaka Submitted by: Mohammad Ali ID # 80802073 2nd Batch Department of International Business University of Dhaka July 18‚ 2010 Letter of Transmittal July 18‚ 2010 Professor (Dr.) Abu Hossain Siddique Department of International Business University of Dhaka Subject: Submission of Assignment.
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Mary Kay is a cosmetics business which faced the problem that every company wished they had. They were growing so quickly that the system they have in place was no longer a viable option to process the orders they had coming in‚ which ranged from 25-30‚000 per day. At the outset of the company‚ they had a decentralized system. This meant that the orders were scattered across 4 different mediums: web‚ phone‚ mail‚ and desktop computers‚ and many mistakes were made as a result. With over 850‚000 IBCs
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MARY KAY’S EC SYSTEMS Founded in 1962‚ Mary Kay (marykay.com) has about 1.8 million consultants selling its cosmetics and fragrance in 34 countries. In 2008‚ the company had about $2.4 billion in wholesale sales. As a company that has based its reputation on personal contacts in door-to-door visits and home gatherings‚ one might think that Mary Kay would not benefit from EC. Actually‚ the opposite is true. Currently‚ more than 95 percent of Mary Kay’s independent salespeople place orders via the
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The Historical Foundations of Management Introduction Why should we study historical management theories? Why bother ourselves with work that was done hundreds of years ago? Surely‚ they must be outdated‚ especially when we consider how fast the pace of change is in our society today. But are these theories really outdated? We would emphatically respond with a "no!" There is no doubt that foundational management theories provide insight into the challenges of their time‚ but they also bear much
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Prepare Case: Mary Kay Cosmetics‚ Inc. (course pack) a. What motivates Mary Kay consultants? • Personal reinforcement : Independent consultants can choose their own recruits. • Recognition and prizes: increase their sales and recruiting by prizes and recognition for progress. Winners’ names were listed in Applause‚ Mary Kay’s monthly magazine for consultants. Directors at their own expense and discretion reward unit members for achieving milestones. • Gifts and prizes handed out by directors
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• Henri Fayol (1949) states that management is to forecast and plan‚ to organize‚ to command‚ to coordinate and to control. General and Industrial Management‚ Pitman Publishers. • William L. Berry‚ Charles J. Christenson and John S. Hammond 111 (1980) Richard D. Irwin. Management is a science which is the application of scientific methods and quantitative techniques to the management of an enterprise. Inc. Homewood‚ Illinois • James H. Donnelly. Jr.‚ James L. Gibson‚ John M. Ivancevich (1975)
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| | |FINANCIAL PLAN & MORTGAGE PLAN FOR | |GEORGE TAN AND MARY CHAN | | | |PREPARED BY: | | | |
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PIONEERS IN MANAGEMENT: 1. Frederick W. Taylor -Father of Scientific Management 2. Elton Mayo - Father of Human Relations 3. Steven Covey - Principle-Centered Leadership 4. Henri Fayol - Father of the 14 Principle of Mgt. 5. Peter Drucker - Father of Management and formulated the Concept of Mgt. by Objectives (MBO) 6. Fritz J. Roethlisberger
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World of management 1. Create a 1-2 page summary of what you think are the most relevant aspects of the world of management. If possible‚ differentiate between past‚ present and future. 2. Tactics vs. strategy: Reflect on the difference/s between tactics and strategy. Provide an example from your own personal or professional experience. 1 page max. 3. What new insight/s does Mintzberg bring in? Do you agree? Or not? Why? (1 page max.) 4. Assess the contribution/s on a 1-2 page summary from
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and George III in a long line of scandal‚ it is not hard to believe the chaotic standing of their reputation. One monarch in particular‚ Mary Stuart‚ followed her predecessors’ tradition of causing gossip and disgrace. In a family extending from the British Tudor line of Henry VIII and the French House of Guise‚ this queen contained a fire ready to be ignited. Mary‚ Queen of Scots‚ was an incredible figure of the monarchy in the 1500’s‚ whose story is one of power and political gain shown through her
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