Four Functions of Management A manager ’s role is to lead his or her organization to clearly stated objectives. In order to do this the manager must use all his or her resources in an organized attempt to achieve those goals. This will require the manager to lead‚ plan‚ organize‚ and control the company or organization ’s employees. Each manager within an organization will have different roles and responsibilities-based on his or her position within the organization. From the team leader who has
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Planning in Management To manage we need to plan . In planning ‚ we also need to know how to manage the planning . Why planning is important for management ? • All activities are specifically planning to achieve the goals and objectives of its mandate . • We plan to overcome or reduce the expected / assumed to arise . Planning also ensures that all management activities are made systematically. • Planning is the process by which a person makes a decision on the objectives to be achieved and how
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R&D management? Research has suggested that large MNCs undertake between 5 percent and 25 percent of their R&D outside their home country. International R&D units may have originally been established to undertake adaptation work or because of host country demands‚ but increasingly the evidence suggests that they are becoming active contributors to the MNC’s global innovation effort‚ and even members of the core development group in ‘global innovation projects’. The MNC management literature
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employees respect and trust management and one another. This trust facilitates the teamwork needed to solve problems and produce innovative products. The conceptual skills needed by every manager can be used by Weafer to envision the “big picture” for Symantec and influence and empower his employees to follow the organization’s mission. As he leads by example‚ Weafer fosters both innovation and professionalism among the virus hunters at Symantec. 2. What management roles would Vincent be playing
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Review of Healthcare Block Budget Subvention ============================================================================== Case: NUH at WestPoint Hospital As NUH was facing very bad bed crunch‚ the management decided to lease beds from private players to extend its inpatient facility. As the manager from Inpatient Operations‚ I was tasked to put up the funding request to Ministry of Health for the additional subvention to support NUH operate the offsite inpatient facility at WestPoint
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value.CITATION MIK13 \l 1033 (Mikoluk‚ 2013) Strategic planning is also the process of developing and maintaining a strategic fit between the organization’s goals and capabilities and its external opportunities in order to maintain competitive advantage. Strategic plan helps manager to make fundamental decisions and define the action or steps that guide what the organization intends to achieve with a focus on the future. Strategy planning can be implemented at three different levels‚ which are corporate
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disaster strictly a BP failure or an industry accident?........................................................................2 What factors affect the competitive environment of the oil industry? ...........................................................2 Question 2 ............................................................................................................................................................4 What were the most significant flawed decisions made by BP and its partners
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Recommendation 11 Internal communication 11 External communication 12 Executive Summary BP oil spill in April 2010‚ had incurred serious damage to both the company and publics. Though some internal and external communication strategies were carried out after the accident‚ more improvements should be made by BP to maintain the safety and reputation. The internal strategies used by BP‚ employing appropriate communication channels and appointing a CEO who is familiar with American cultures
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will look at British Petroleum‚ BP‚ one of the largest oil companies in the world. Following the Gulf Oil Spill does BP have sustainability in this market? This paper will examine the early history of the company. It will look at the competitive advantages of the organization by looking at its SWOT analysis. The company’s market strategy will be examined including its growing interest into alternative fuels. Its internal structure will be compared to the persona that BP is trying to convey that they
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123 The Deepwater Horizon oil spill (also referred to as the BP oil spill‚ the Gulf of Mexico oil spill‚ the BP oil disaster‚ or the Macondo blowout) is an oil spill in the Gulf of Mexico which flowed for three months in 2010. It is the largest accidental marine oil spill in the history of the petroleum industry. The spill stemmed from a sea-floor oil gusher that resulted from the April 20‚ 2010‚ explosion of Deepwater Horizon‚ which drilled on the BP-operated Macondo Prospect. The explosion killed
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