1) How do organizations cope with/postpone prospered obsolescence of managerial personnel. How do organizations cope with/postpone prospered obsolescence of managerial personnel. Discuss the role of leadership in the process. Explain with an example from an organization known to you. Please describe the organization briefly Obsolescence of managerial personnel is a situation where managers cannot keep up with the latest technology or are not as well-qualified as more junior staff Postponement
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a 1. Define the three aspects of organizational architecture. The three aspects of organizational structures as highlighted in the synopsis of Managerial Economics and Organizational Architecture are as follows : 1. The assignment of decision rights within the firm 2. The methods of rewarding individuals 3. The structure of systems to evaluate the performance of individuals and units These three components are often referred to a stool with three legs. If one of the
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Chapter 1 Managerial accountingis the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organizations goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organizations management team. Four fundamental management processes that help organizations attain their goals Decision making‚ Planning(developing a detailed financial and operational description of
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Managerial Skill What are the traits of a good manager? Stated precisely‚ a good manager is the one who has loads of confidence in his own abilities and possesses managerial skills like leadership‚decision making abilities‚ multitasking and an uncanny knack to motivate employees. Leadership Qualities Leadership and management are inseparably intertwined. A good manager has to be a good leader as he has to guide a team of people towards common goals . Communication Basic management skills like
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Managerial Accounting Chapter # 01 Homework 1 01) How does managerial accounting differ from financial accounting? A: Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is con¬cerned with providing information to stockhold¬ers‚ creditors‚ and others outside of the organi¬zation. 02) Pick any major television network and describe some planning and control activities that its managers would engage in. A: Five examples
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of resources in ways that helps an organization achieve its goals. In the content we shall be describing the six managerial competencies‚ going into detail and also relating them to an individual’s personality. These managerial competencies are: communication‚ planning and administration‚ self-management‚ strategic action‚ global awareness and team work competency. All these managerial competencies are also an aspect of our daily lives‚ in discussion we will examine these competency’s strengths and
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chapter 1 (man) MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES discussion questions 1. Financial accounting and managerial accounting are different in several ways. Financial accounting information is reported in statements that are useful to persons or groups outside of a company. These statements objectively report the results of past operations at fixed periods and the financial condition of the business under generally accepted accounting principles. Managerial accounting information
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Social construct in the nineteenth-century comprised heavily of gender expectations and class. For instance‚ the structure of the Frankenstein family embeds a hierarchy headed by a father who provides for and has complete authority over his wife and children. The female character‚ despite social status‚ is forced into inferiority of public affairs‚ expected to live with accepted societal norms. Typical of the misogynistic views of a patriarchal society‚ Mary Shelley shadows them in the domestic
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In her formative article‚ Golden Age of Separate Spheres?‚ Amanda Vickery discusses at length the issues with the separate spheres dichotomy and how it has potentially stunted the discussions within women’s history. The majority of her essay concerns the historiography of women’s history and how‚ in many ways‚ using the framework of separate spheres allowed the field to develop and thrive
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’Motorcycles are a hit in rural areas’ Monday‚ April 15‚ 2002 Many continue to be surprised at the ability of India ’s 2-wheeler segment to buck the present recessionary trend in the economy. What‚ they ask themselves‚ accounts for such resilience: competitive pricing? Quality? Technology? Or‚ is it ready availability? Mr. Brijmohan Lall Munjal‚ chairman‚ Hero Group of Companies‚ addresses some of these issues in an interview with Soumya Kanti Mitra. What makes the 2-wheeler segment so impervious
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