PRINCIPLES OF MANAGEMENT MGMT 201 STUDY GUIDE – Chapter 1-2 What is Management? The planning‚ organizing‚ leading‚ controlling of resources to achieve organizational goals effectively and efficiently Understand the term POSMEC and the four tasks of management that your textbook discusses Planning: identifying and selecting the most appropriate goals Controlling: establish accurate measuring and monitoring system to evaluate how well the organization has achieved its goal Leading: motivate
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FACULTY OF OUM BUSINESS SCHOOL MAY 2014 BBPP1103 PRINCIPLES OF MANAGEMENT MATRICULATION NO : 890223075366001 IDENTITY CARD NO. : 890223075366 TELEPHONE NO. : 0124548042 E-MAIL : eshas@oum.edu.my LEARNING CENTRE : PENANG table of contents page 1.0 introduction 2 2.0 ARTICLE 1 4 3.0 ARTICLE 2 7 4.0 ARTICLE 3 10 5.0 CONCLUSION 12 6.0 ATTACHMENT 13
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powers by training. The company focuses on balancing between local hiring and international hiring to rise the probability of getting talented and hard workers. Chapter 2: 1. Mr.Hamdoun is a big advocate of efficiency. How might principles of scientific management be useful to LCB? - two of the three scientific methods are the most useful to Mr.Hamdoun. 1. Putting the right person on the job with the correct tools and equipment. 2. Having a standardized method of doing the job. 2
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------------------------------------------------- Answer | | close to 975 | | | close to 980 | | | close to 1095 | | | close to 1224 | | | close to 1225 | 5 points Question 2 1. ------------------------------------------------- ------------------------------------------------- If annual demand is 24‚000 units‚ orders are placed every 0.5 months‚ and the cost to place an order is $50‚ what is the annual ordering cost? ------------------------------------------------- Answer | | 50 | | | 600 |
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Principles of Management by Frederick Taylor 1. Develop a specific science for each job Management first needs to break each job into individual tasks and determine which steps don’t contribute to the end product. While I was working for a small manufacturing company‚ management decided that our department was due for an overhaul to streamline the work process and increase production. Our main job each day was to fill 80-100 bins with various parts. We walked about 10 miles on average each day
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Apollo Group‚ Inc. 2 0 11 A n n u A L R e P O R t be... engaged focused committed accountable dedicated educated innovative informed connected supported empowered inquisitive valued effective impactful Since 1973‚ Apollo Group has been creating opportunities for students and employees to reach their full potential‚ while enriching society as a whole. Today‚ Apollo Group continues to strengthen its position as a leading provider of high quality‚ accessible education for individuals
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ASSIGNMENT #2 SELECT ONE INOVATIVE PRODUCT FOR YOUR COMPANY WHICH YOU ARE GOING TO INTRODUCE IN THE MARKET.ON THE POIN OF VIEW FIND OUT OUR MISSION AND VISION OF MY COMPANY. AND SHOW YOUR MARKETING STRATEGY AND USE FOUR P’S ON YOUR STRATEGYS. ANSWER ZAFIRAH Company Mission: Our philosophy and core values are centered on our desire to provide the safest and most reliable products and services to our customers‚ employees‚ medical professionals‚ and stockholders. Our consistent market growth and
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top management. According to Allen‚ “Centralization” is the systematic and consistent reservation of authority at central points in the organization. The implication of centralization can be :- 1. Reservation of decision making power at top level. 2. Reservation of operating authority with the middle level managers. 3. Reservation of operation at lower level at the directions of the top level. Under centralization‚ the important and key decisions are taken by the top management and the
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6/hour 6 orders x 4 hours = 24 orders Therefore Kristen can fill 24 orders each night. 3. How long will it take her to fill a rush order? A ‘rush’ order will still take 26min as this is how long the operations time is. None of the processes can be eliminated with rush orders therefore the operations time cannot be minimized. 4. How busy (utilization) will she be? With processing 24 orders each night over four hours‚ Kristen will be fully utilized with the time activated equaling the time available
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Principle of Management - Griffin --------------------------------- Chapter 6 case summary: Bill Ford took over Ford Motors in 2001 as the CEO‚ when the company was struggling with falling sales around the world – in a time when the company desperately needed careful planning and their execution. Bill Ford revised and updated the company’s tactical plans – cutting costs‚ gaining back the experienced staff‚ catering to specific market niches and more. Some of these targets have been
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