Q‚ Explain how someone can be a manager but not a leader‚ a leader but not a manager‚ and both a manager and a leader? Answer: The discussion between management and leadership has been considerable for a number of years. Differentiation between leadership and management is important. There is difference between manager and leader but both are important. Manger has to manage which means to accomplish and to bring about‚ to conduct and to feel the responsibility. On the other hand‚ Leader leads
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1.0 Introduction: It is rightly said that finance is the life-blood of business. No Business can be carried on without source of finance. The financial manager is mainly responsible for raising the required finance for the business. There are several sources of Finance and as such the finance has to be raised from the right kind of source. Generally speaking‚ there are two sources of finance as follow: 1) SPONTANEOUS SOURCES: Finance which naturally arises in the course
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1.0 Executive Summary Situation Analysis McDonald’s Corporation offers greater variety and quality choices and delight customers with the food and beverage products they desire from a fast-food restaurant. McDonald’s is convenient and modern making life fun and easy for customers‚ crew‚ and mangers. They also offer a range of tastes‚ sizes‚ and prices that deliver value to customers. An analysis of the internal and external environment indicates McDonald’s secret of success is its willingness
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Executive Summary Background: For displaying a new type of store and exposing more of the teahouse market to the community‚ Andy Yang and Tracy Huang decided to open Snowflake Tea House. The original Snowflake Tea House was launched in Fremont‚ CA; first opening in 2012. Due to the popularity‚ the owners decided to open another branch in Union City. This branch is renamed to be Snowflake Tea House 2. This location is very profitable to the new branch because Union City is located in the middle
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Role of the Manager MGT/521 - Management October 13‚ 2014 The Role of the Manager Managers are involved in many discrete business functions. The functional areas of business are defined as Management‚ Law‚ Human Resource Management‚ Leadership‚ Accounting‚ Finance‚ Economics‚ Research and Statistics‚ Operations Management‚ Marketing‚ and Strategic Planning (University of Phoenix‚ n.d.). Good managers are doers‚ thinkers‚ and leaders. According to Hutt & Speh‚ “Good managers‚ in the end
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Should the manager let the teammates leave? Mr. C (the manager) joined the ‘H’ company on Jun‚ 2009. ‘H’ company is a big group company in the chemical fiber industry in China. ‘H’ Company is a private family company and it has 5 factories located in different province in China. Altogether ‘H’ company has more than 5‚000 employees. ‘H’ company uses the raw material cotton linter to produce cotton pulp and then sell the cotton pulp in China. Nearly 80% of the raw material cotton linter was purchased
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varying roles and functions of a manager‚ all managers have the same fundamental functions that ensure the business runs as efficiently as possible.There are four areas that a manager deals with in the functional areas of any business. These four areas are controlling‚ leading‚ organizing‚ and planning.( Bateman ) It is important to realize that the role of control for a manager is not negative in nature. In the functional areas of a business‚ control means that a manager is making sure that all areas
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Ideally‚ the project manager should conduct the sponsor interview(s) prior to beginning the project. The interview provides an opportunity for the project manager and sponsor to clarify and document how the sponsor will determine project success. What are the business objectives of the project? Who are the key project stakeholders? How will the sponsors measure the success of the project? Prepare for the sponsor interview by reviewing the Initial Sponsor Interview form in detail and by reviewing
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Managers make many decisions every day. Thankfully there are many tools available to a manager as they make these decisions. Tiffany is a General Manager of a franchise in the quick service restaurant industry. She is faced with decisions dozens of times in one day. A large portion of the decisions that she is faced with are made to solve structured problems‚ however‚ sometimes an unstructured problem does arise that she needs to address. As well as solving problems Tiffany must also make plans to
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Introduction to Personality L. Michelle Cloud University of Phoenix Introduction to Personality Every individual person has a personality. This personality is also unique in every person‚ and is influenced by such things as the environment and his or her genetics. Personality theorists use theoretical approaches when attempting to define and understand personalities. Speculation‚ hypotheses‚ and taxonomy help bring together the facts about personality‚ and give one a better understanding
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