Q.1 Explain controlling and also discuss different types of control [10] ANS: Controlling as a Management Function l Controlling • A process of monitoring performance and taking action to ensure desired results. • It sees to it that the right things happen‚ in the right ways‚ and at the right time. • Done well‚ it ensures that the overall directions of individuals and groups are consistent with short and long range plans. • It helps ensure that objectives and accomplishments are consistent
Premium Myers-Briggs Type Indicator Personality psychology Perception
THE BASIC CASH MANAGEMENT PROCESS Every company can be viewed as a cash pool into which funds flow from various sources. Several techniques are used to speed the collection of such funds. Conversely‚ cash flows out of the pool for payables and other disbursement reasons. An important aspect of cash management is to control tightly both cash inflows and outflows. When cash inflows exceed cash outflows‚ surplus cash builds up. This surplus can be used to repay debts or for investment in marketable
Premium Net present value Cash flow Money
The Process of Acquiring an Information System Beth Long HCS\483 September 12‚ 2011 Donald Davis The reliance on information technology (IT) has increased more and more for Health care organizations as a usefully important competitive advantage. If planned‚ developed‚ and managed properly‚ information technology can bring about greater efficiency in organizational operations‚ better working environments‚ and effective decision-making processes. Information systems designed for the health care
Premium Health care
Strategic Brand Management Process I’ve selected this topic‚ since it’s very important to understand the various aspects in the <b>PROCESS</b> of strategic brand management. The process of strategic brand management basically involves 4 steps: 1. Identifying and establishing brand positioning. Brand Positioning is defined as the act of designing the company’s offer and image so that it occupies a distinct and valued place in the target consumer’s mind. Key Concepts: * Points
Premium Brand Marketing Brand management
Flowchart Process M Salazar University of Phoenix Operations Management OPS 571 Michael Marticek October 08‚ 2012 Flowchart for a Process On a daily basis every individual around the world carries out a process‚ which is a process that is called the daily routine. Weather it is driving to work or preparing your children for school in the morning‚ they all consume a vast amount of time. In this paper‚ a detailed process is recognized‚ and a flowchart has been designed to demonstrate
Premium Management Education Christopher Nolan
Process management involves the design of processes to develop and deliver products and services that meet the needs of customers‚ daily control so that they perform as required‚ and their continual improvement. Chili‚ Spaghetti‚ and Cheese: It’s the Process That Counts You probably would not expect that a regional chain of small chili restaurants takes a formal view of process management‚ but Gold Star Chili‚ Inc.‚ based in Cincinnati‚ Ohio‚ does just that. Figure 5.3 shows a process-based
Premium Franchising Customer Management
Strategic Management Process Paper Santosh Tolani 12/01/2014 MGT 401 Strategic Management Process Paper Develop a clear vision and translate it into a meaningful mission statement. Our mission here at Moyo’s Jerzey Ink Mobile Tattoo Studio is to ensure that our clients are serviced in a clean‚ safe‚ and relaxed environment. Our vision is to provide quality service and help the local community. We want to be unique in every facet of the business such as the creation of your new custom
Premium Tattoo Tattooing Social responsibility
operation management • Executive Summary Operation management is defined as the design‚ operation‚ and improvement of the systems that create and deliver the firm’s primary products and services. Somerset furniture company’s global supply chain was getting lose its competitive edge and even faced shipments delayed by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in lost customers and excessive
Premium Supply chain management Management Supply chain
Signal time deterministic for process control applications from the cloud O.Makarov1‚2‚ R. Langmann2 and B. Frank1 1 Dusseldorf University of Applied Sciences/Department of Electrical Engineering‚ Düsseldorf‚ Germany 2 Odessa National Polytechnic University/Department of Computer Systems‚ Odessa‚ Ukraine Abstract— This paper is devoted to the problem of data transfer rates between automation devices and cloud services. The possibilities of the device connection to the automation systems are described
Premium Automation Computer Control theory
Book Review Process Consultation Revisited – Building the Helping Relationship By Edgar H. Schein The book Process Consultation Revisited - Building the Helping Relationship* by Edgar H. Schein describes how consultants can create a helpful relationship with a client. Edgar Schein is the Sloan Fellows Professor of Management Emeritus and senior lecturer at MIT’s Sloan School of Management. He is also the editor of Reflections‚ the journal of the Society of Organizational Learning.
Premium Consultant Edgar Schein