School of Mechanical‚ Materials and Manufacturing Engineering MM2MN1 – Management Studies “1” Balancing the Books Objectives and Learning Outcomes • • • • • • • Double entry accounting The balance sheet The balance sheet equation The trial balance The trading‚ profit and loss account Opening and closing stock The ledger Prof John Dominy February 2013 MANAGEMENT STUDIES “1” BALANCING THE BOOKS Introduction Now that we have planned our business and established that it is viable
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happiest Birthday to you. i will always be your baby girl for life! Thank you for marrying my mama instead of becoming a priest so that i and my two siblings shall come into existence. either way‚ you still are a "father". Indeed God’s choice is always best‚ for he chose you for me. i love you from the most bottom part of my hypothalamus. To the most important guy I’ll ever have on this planet; who is and will always be my die-hard fan‚ happy happier happiest Birthday to you. i will always be your
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of the oldest and most popular approaches to management thought‚ Henri Fayol’s (29 July 1841–19 November 1925) theory holds that administration of all organizations—whether "public or private"‚ or "large or small" requires the same rational process or functions. This school is based on two assumptions; first‚ although the objective of an organization may differ; for example‚ business‚ government‚ education‚ or religion‚ yet there is a core management process that remains the same for all institutions
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regional tourist spot into a national destination for tourists.” Steve Peet‚ the airport’s chief executive‚ admits that he had no idea where Branson was in 2000. But by 2004‚ he was convinced there was money to be made flying tourists there. He says‚ “If you were ever going to think about building a private commercial airport‚ this would be the place to do it. How many more visitors would come here if we made it easier and affordable for them? It seemed like an incredible opportunity.” So‚ using private
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1.Inventory management is the planning and controlling of inventories in order to meet the competitive priorities of the organization.(Points : 2) | True False | 2. Supply chain integration is the effective coordination of supply chain processes through the seamless flow of information to suppliers‚ but does not include customers‚ such as distributors and retailers. (Points : 2) | True False | 3.Sustainability has three principle elements; financial responsibility
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Planning Function of Management Failing to plan is planning to fail Planning in Management Planning is deciding in advance what to do and how to do.It is one of the basic managerial functions. Before doing something‚ the manager must formulate an idea of how to work on a particular task. Thus‚ planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives. Planning Definition "Planning
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Chapter 10 1. Make a list of Starbucks’ goals. Describe what type of goal each is. Then‚ describe how that stated goal might affect how the following employees do their jobs: Open 1200 new stores. Revenue growth of 10 to 13 percent. Earnings per share growth of 15 to 20 percent Develop new coffee products Stay true to its global social responsibilities a) A part-time store employee‚ a barista in Omaha A part time Barista has to contribute to keeping the quality and value of the drinks
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PYC2605/1/2013–2015 98906798 Indesign Power Course CONTENTS iii Contents INTRODUCTION Word of welcome Purpose of the module Outcomes of the module What’s in it for me? Learning approach of the module Which kind of traveller are you? What you need for the journey Preview of the course Choose your route THEME 1 – KNOWING THE CHALLENGE Emerging issues STUDY UNIT 1: HIV AND AIDS: A BRIEF HISTORY Travel pointers Picking up useful words 1.1 1.2 1.3 1.4 1.5 The birth of a new epidemic The
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* 50 %women in management; 2.6% women in top management * Managerial level: non-managerial employee-first-line- middle- top * Management involves coordinating and overseeing the work activity * Managerial concerns: * Efficiency (means): doing things right- getting the most output for the last inputs( resource usage) Low waste * Effectiveness (ends) : doing the right things- attaining organizational goals (goal attainment) High attainment Management Strives for: low
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Lean Six Sigma Operational - Delegate Workbook Mistake Proofing Techniques 2 Learning Objectives At the end of this section delegates will be able to: • Explain the role of Mistake Proofing within Lean Six Sigma • Recognise that defects can be eliminated (100% of the time) • Understand that Mistake Proofing should be focused on process steps that rely on operator vigilance and concentration • Recognise that simple‚ low cost devices can be the most effective solutions • Use a simple
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