1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station‚ restaurant Medium business: e.g. coffee club‚ nando’s Large business: Maccas‚ red rooster‚ kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (big
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Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. Management compromises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization ( a group of one or more people entities) or effort or the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources‚ financial resources‚ technological resources‚ and
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Supervision implies that every manager is in direct contact with his subordinates and oversees their work performance. Top management supervises the work of middle level management which I turn supervises the first line managers or supervisory staff‚ as it is called in daily practice. The first line managers are in direct physical contact with the workers. Thus‚ all levels of management are generally engaged in direct contact with the subordinates‚ but the lowest level managers have as their primary duty
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1. What is change management? Change management is a structured approach to shifting transitioning individuals’ teams and organizations from a current state to a desired future state. It is a process aimed at helping employees to accept and embrace change in their current business environment. Change Management is a systematic approach to dealing with change it can be an organizational and on the individual level. Change Management has at least three aspects adopting to change and controlling change
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DEVELOPING STRATEGIC MANAGEMENT AND LEADERSHIP Management is the group of people who make decisions on how the business can be run and profitable in all dimensions of the organizations or company according to Gold (2010). In fact‚ these individuals who are involved in the decision making of the organization and are called the management are responsible and accountable before the strategic leadership in the organization. The second definition that can be given about the management is the initiative
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Challenges of Management Management is an important organ of the modern society. The decisions of management in government‚ business and other organizations constitute a powerful social force which is vital to the effective functioning of the contemporary society. Management is that organ of the society which is given the responsibility of making the productive use of resources for the betterment of the society. The term ‘management’ is also used to represent an organized body of knowledge which
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GBB/GCB 2033 Introduction of Management (Glossary of Items) Chapter 1 – Managers and Management 1. An organization is a deliberate arrangement of people brought together to accomplish some specific purpose. 2. Non-managerial employees work directly on a job or task and have no oversight responsibility of others. 3. Managers direct the activities of other people in the organization. 4. Top managers are responsible for making decisions about the direction of the organization and establishing
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Introduction Leadership and management are often considered practically overlapping concepts. But are they? Is there a difference between the two concepts or leadership is a facet of management and therefore cannot be separated? Virtually all organizations‚ including large corporations‚ academia‚ Leadership theorists‚ researchers and authors are concerned about the difference and believe it is important. Leadership versus Management Leadership There are many diverse definitions of leadership. Peter
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ANALYSIS OF THE CONCEPTS OF LEADERSHIP AND MANAGEMENT INTRODUCTION Everyone manages. We manage our finances‚ time‚ careers‚ and relationships. We tend not to think of these activities as “managing” or of ourselves as being “managers.” Nevertheless‚ they are. These examples of managing or being managers are relatively simple and straightforward‚ even though we may find many of them fraught with difficulty. It is when the concepts of managing or being a manager are applied to organizations that
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CHAPTER III MANAGEMENT FEASIBILITY A. BASIC CONSIDERATION IN FORMING THE ORGANIZATION: Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. Management compromises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization ( a group of one or more people entities) or effort for the purpose of accomplishing a goal. Resourcing
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