Module No. 2 – Principle of Management Question No 2 a) List and explain the four Basic Functions of Managers Answers The functions of a manager are :- a) Planning b) Organizing c) Directing d) Controlling a) Planning Planning means setting an organization’s goals and deciding how best to achieve them. Managers need to plan so that worker’s activities are consistent with the organization’s goal and the correct type and amount of resources can be acquired. Planning
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Introduction This report includes information about Recardo Semler and his organization Semco. It shows link between leadership and management. It also explains different types of leadership theories and management theories. It shows link between these theories. It also includes future leadership skills required in semco. And also shows method to plan the development of leadership skills. Answer: - 1 Ricardo Semler has situational leadership style. He is very close to Democratic leadership style
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Understanding Emerging Markets Research Paper Articles Selected 1. Finding Your Strategy in the New Landscape Atsmon‚ Y.‚ Kertesz‚ A.‚ & Vittal‚ I. (2011). Is your emerging-market strategy local enough?. Mckinsey Quarterly‚ (2)‚ 50-61. 2. Let Emerging Customers Be Your Teachers D ’Andrea‚ G.‚ Marcotte‚ D.‚ & Morrison‚ G. (2010). Let Emerging Market Customers Be Your Teachers. Harvard Business Review‚ 88(12)‚ 115-120. 3. Have You Restructured for Global Business? Atsmon
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net%2Fdocuments%2Fsolution-scm-ch12.html) / Docslide (/) / Documents (/category/documents.html) / Solution SCM Ch1 2 Assignment 1 Supply Chain Management Topic: Understanding the Supply Chain Submitted by: Submitted to: Md. Faisal Hossain Md. Md. Akram Hossain EMBA Spring Semester 2013 Assistant Professor ID: 61120-13-017 MIS‚ University of Dhaka Date: 23-01-2013 Department of Management Information Systems Gateway Why did Gateway have multiple production facilities in the US? What advantages or disadvantages does
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Contents Introduction 1 1. Key challenges that have become very significant to IKEA managers with regard to operations management 1.1 Changing Technologies 1.2 Continued Globalization of Markets 1.3 Changing Customer Expectations 1.4 Changing Job Designs 1.5 Quality Management 1.6 Global Manufacturing 3 3 4 5 6 6 7 2. Areas of operations management likely to to have the most impact on the success of IKEA
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to be successful. A manager will find him or her being in several different hat throughout the company and dealing in several different areas in order to function. One of the most important function of a manager is to motivate his subordinates. Management work is done by people. So generally if employees are not satisfied‚ they will not perform efficiently which will affect the fulfilment of an organization’s goals. Employee satisfaction is utmost important in successful completion of work in an
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Earnings Management can be for positive or for fraudulent purposes. This project explores the various methods in which firms engage in Earnings Management and different models which may explain the various factors effecting Earnings Management. | TABLE OF CONTENTS Introduction 3 Revenue Management 3 Earnings Management 3 Motives 5 Instruments 5 Project Methodology 8 Objective 8 Scope 8 Methodology 8 Analysis 9 Model 1 9 Model 2 14 Model 3 21 Satyam Case Analysis: 28
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resources and a lack of understanding of what other areas do for the company. So‚ the accounting department may be upset that its request for an additional headcount is denied‚ but the company financial results point to a need for additional sales people rather than accountants. As the company grows larger‚ the functional areas can become difficult to manage due to their size. They can become almost like small companies on their own‚ with their own cultures‚ facilities‚ and management methods. Functional
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The Ten Management Roles The ten roles explored in this theory have extensive explanations which are briefly developed here: * Figurehead: All social‚ inspiration‚ legal and ceremonial obligations. In this light‚ the manager is seen as a symbol of status and authority. * Leader: Duties are at the heart of the manager-subordinate relationship and include structuring and motivating subordinates‚ overseeing their progress‚ promoting and encouraging their development‚ and balancing effectiveness
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‘Leadership and Management are part and parcel of the same thing‚ they shouldn’t be separated’. Do you agree or disagree with this statement‚ if so why? Use one or more examples to support your answer. Introduction For the past half century there has been continuous debate over leadership and management‚ whether they are separate areas of practice and if so‚ which produces a better outcome when displayed in an organizational context. Henry Mintzberg said that ‘Leadership and Management are part and
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