Task 1.2 What is a stake holder in a business? A stake holder in a business is somebody that can affect or be affected by the actions of the business. Businesses have several stake holders each. Anybody associated with a business can be a stakeholder of that business in some way. Who are the stake holders at Morrisons PLC? External Stakeholders- The customers- The customers of Morrisons PLC are a big stakeholder in the company. It is because of the customers that the business is able to function
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GRADUATE DIPLOMA IN BUSINESS MANAGEMENT Awarded by the Asia E University Assignment PRINCIPLES OF MANAGEMENT Name of student : YUGENESH A/P KRISHNAN Facilitator : MR.DASARATHARAO KU Centre : PETALING JAYA Index no : KUPJ (HQ) 00010 Question no : 1-4 Word count : 2551 Submission date : 20TH APRIL 2013 Contents Page 1. Importance of Management Principles 1 1.1. Introduction 1 1.1.1. Useful Approach to a Manager 1 1
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Management is divided into: * 1st- Planning : I.e Managers have to set objectives of an organization and decide how to achieve them. This will involve developing strategies‚ precises tactics‚ and allocating resources of people and money. * 2nd-Organizing: This involves analysing and classifying the activities of the organization and the relations among them. Then separate manageable activities from individuals ones. Staff the organization with qualifies people‚ that means
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Business and Management Limited Assignment Session: 2012- 2013 Edexcel BTEC Level 5 Award in Management and Leadership Unit 1 Assignment: Principles of Management and Leadership Assignment Introduction This assignment provides you with the understanding and skills required of a manager/leader in an organisational context‚ through applying current theories. Learning outcomes On successful completion of this assignment you will: 1 Understand the link between management and leadership 2 Understand
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2. Explain the Principles of Management. Management: Management in all business and organizational activities is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and
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Management and Leadership Level 5 Management and Leadership Contents Page Qualification structures Unit 5001 Unit 5002 Unit 5003 Unit 5004 Unit 5005 Unit 5006 Unit 5007 Unit 5008 Unit 5009 Unit 5010 Unit 5011 Unit 5012 Unit 5013 Personal development as a manager and leader Information based decision making Performance management Resource management Meeting stakeholder and quality needs Conducting a management project Financial control Marketing planning Project development and control Human
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Unit 1 – Key principles of management and leadership Activity 1 a) Though the two terms seem similar on the surface‚ in reality they are quite different. A great manager does not necessarily make a great leader‚ and a great leader does not necessarily make a great manager. Management controls or directs people/resources in a group according to principles or values that have already been established. Leadership is setting a new direction or vision for a group that they follow‚ i.e.: a leader
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Management Principles 1.1 Dell’s initial mistake was moving away from being customer-service orientated‚ to focusing on generating more profit by cutting costs. They did not consider the impact this move would have on their customers and their market share. It produced negative results. The Internal Environment was affected in the following ways: Insufficient skills or training in the call centre‚ resulted in slower turn-around time to resolve or react to customer queries. The uncertain
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ASSIGNMENT OF MANAGEMENT Management is the process of reaching organizational goals by working with and through the people. It’s a function which coordinates the effort of people to reach the goals and objectives by using the available resources effectively and efficiently. The main aim of management is to create corporate policies‚ organizing‚ planning‚ controlling and directing organizational resources in order to achieve
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applicable laws and regulations. These Conduct Principles apply to all IBM employees. However‚ they are not meant to describe the full scope of IBM human resource policies or practices. More detailed statements of policies‚ procedures and practices are contained in documents such as the IBM Business Conduct Guidelines. Employees are required to comply with all IBM policies‚ procedures and practices at all times and are responsible for consulting their management if they have any questions. Our goal is
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