THE STRATEGIC MANAGEMENT PROCESS Ford Motor Company‚ facing huge losses and hemorrhaging market share to Toyota and Nissan‚ knew it needed a new strategic plan. Competition was fierce‚ Ford’s costs were higher than competitors’‚ and Ford’s unused plant capacity was draining profits. Ford’s managers devised “The Way Forward.” This new strategic plan entailed closing a dozen plants and terminating 20‚000 employees. As at Ford‚ a strategic plan is the company’s plan for how it will match its internal
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Task 01 1.1 explain the principles of project management Project: A project is a finalized set of activities and actions by a "project team" under the responsibility of a project manager in order to meet a defined need within fixed deadlines and within the limits of allocated budget. Examples of famous projects include the "Manhattan Project"‚ etc. Project Management: Project Management is the dynamic process that utilizes the acceptable resources of the organization in a controlled and structured
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powers by training. The company focuses on balancing between local hiring and international hiring to rise the probability of getting talented and hard workers. Chapter 2: 1. Mr.Hamdoun is a big advocate of efficiency. How might principles of scientific management be useful to LCB? - two of the three scientific methods are the most useful to Mr.Hamdoun. 1. Putting the right person on the job with the correct tools and equipment. 2. Having a standardized method of doing the job. 2
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PROCESS OF PLANNING THE ADVERTISING CAMPAIGN Meaning : The campaign planning is the joint effort of both the advertiser and his ad Agency. The advertiser supplies much information about the product‚ the channel of distribution‚ competition the product‚ and the firm. The agency may collect other information from the market‚ in respect of target audience etc. Advertising campaign planning simply means planning the advertising campaign. Advertising campaign planning concerns many people in
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business environment‚ organizations are changing and the role of managers within the organizations is going to be different than what it was a couple of decades ago. One cannot help but wonder whether the elements and principles of management identified by the father of management theory‚ Henri Fayol is still applicable after all this while. Henri Fayol was born in 1841 and he graduated as a mining engineer in 1860 from the National School of Mines at St. Etienne. Following that‚ he took up a position
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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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FACULTY OF OUM BUSINESS SCHOOL MAY 2014 BBPP1103 PRINCIPLES OF MANAGEMENT MATRICULATION NO : 890223075366001 IDENTITY CARD NO. : 890223075366 TELEPHONE NO. : 0124548042 E-MAIL : eshas@oum.edu.my LEARNING CENTRE : PENANG table of contents page 1.0 introduction 2 2.0 ARTICLE 1 4 3.0 ARTICLE 2 7 4.0 ARTICLE 3 10 5.0 CONCLUSION 12 6.0 ATTACHMENT 13
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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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WESTERN VISAYAS COLLEGE OF SCIENCE AND TECHNOLOGY LA PAZ‚ ILOILO CITY UNIT I - PRINCIPLES OF MANAGEMENT ELMA B. TALAMAN JUDITH ABETO DR. CATHERINE SUMACULOB CATHERINE CERVERA Professor Discussants ------------------------------------------------- Every human being has several needs and desires but no individual can satisfy all his wants. Therefore‚ people work together to meet their mutual needs which they cannot fulfil individually. Moreover‚ man
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