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
Premium Management Decision making
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
Premium Board of directors Revenue Balance sheet
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
Premium Tony Fernandes Management Kuala Lumpur
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
Premium Management
YOU WOULD FIND IN ADULT SOCIAL CARE SETTINGS 1st one refers to relation with our colleagues with whom we develop fairly formal and friendly relationship. We cooperate with each other on daily basis with respect. 2nd refers to relationship between management and staff (employees) - complying with internal policies and special procedures or/and agreed ways of performing duties. QUESTION 3 DESCRIBE WHY IT IS IMPORTANT TO ADHERE TO THE AGREED SCOPE OF YOUR JOB ROLE IN AN ADULT SOCIAL CARE SETTINGS It
Premium Occupational safety and health Learning ACT
character and hard not to choose with his simple understanding that the American way of life does not fit into every culture. My second choice was Father Finian‚ a Catholic priest that uses his influential talents to build a relationship with nine local anticommunist men in the fight against communism. Choosing a third character was a bit more difficult choice to make. Joe Bing is an interesting character and a major example of a talent management failure. Bob Maile had a
Premium Sudan Lord's Resistance Army Communism
INTRODUCTION: Performance management is an art of achieving the objectives through the efforts of the people working within the organisation structure by utilising the available resources in the organisation effectively and efficiently by following different methods such as team alignment‚ organisation alignment‚ planning‚ controlling and directing etc. 1.1 Link between individual‚ team and organisational objective. Team is a group of people with a full with full set of skills which required
Premium Management
Peace Education: Understanding Conflict and Artistic Approaches to Peacebuilding Preparatory readings Learning to Abolish War‚ Reardon and Cabezudo (2002) Collaborative approaches to resolving conflict‚ Isenhart and Spangle (2000) Training for Transformation‚ Hope‚ Timmel‚ and Hodzi (1984) Working with conflict: Skills and strategies for action‚ Fisher et al (2000) Introduction: Conflicts occur every day‚ in multiple settings‚ and between parties of equal and asymmetrical power relations
Premium Peace Conflict theory Conflict
FINANCIAL MANAGEMENT – AN OVERVIEW Unit structure: 1. Introduction 2. Learning objectives 3. Section title Meaning Definition Objective Advantages of wealth maximization Criticisms of wealth maximization Scope & Functions of Financial Management Role and function of the finance manager Financial Management and Economic Financial management and Accounting Evolution of financial management Functional areas of financial management Financial decisions Have you understood questions
Premium Finance Business Investment
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
Premium Management