What is The Goal? What is the goal of organization? The goals -> create values for customers -> generate profits. Profits can increase by increases in unit margin and/or sales volume. Metrics of profits: Net Profit ( or Net Income) = Sales Revenue – Operating Costs ROI = (Gains from Inv. – Cost of Inv.)/ Cost of Investment Cash Flow How operational decisions link to financial & market performance? Cash Flow Throughput Time Inventory Operating Costs
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2008‚ defines management as “the process of working with and through others to achieve organizational objectives in an efficient and ethical manner.” Management comprises: Planning‚ organizing‚ resourcing‚ leading/directing/motivating‚ and controlling. 1. Planning is decision making concerning what needs to happen in the future and generating plans for action. In other words planning is the organizational process of creating and maintaining a plan; and the psychological process of thinking about
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is one of the most frequently researched topics on organizational behaviour according to Robbins‚ Judge Millett & Walters-Marsh (2008). Motivation among other things is about an individual’s persistence of effort towards attaining a goal. 1. How would you motivate employees in your workgroup to ensure: a) They focus on attaining the goals of the workgroup? and; b) Continue to maintain a consistent quality in their efforts to achieve those goals? 2. With reference to at least 2 models of motivation:
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chapter 3 of Allen`s Chapter talk about the communication objectives and targeting issues. As the starting point of event planning‚ the second step is setting communication objectives based on situation analysis and fit with corporate and market objectives. While setting a communication objective‚ planner could use some tools such as gap analysis and Ansoff matrix within the SMART rules; meanwhile‚ the objective should follow the communication theory. After that‚ planner should try to determine and
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Company’s Perspective Of Financial Goals‚ Reasons and Effects The Financial Perspective examines if the company’s strategy will contribute to the bottom-line improvement of the company. The Financial Perspective represents the long-term strategic objectives of the organization and thus it incorporates the tangible outcomes of the strategy in traditional financial terms. The Financial performance is a lag indicator and provides the ultimate definition of an organization’s success and describes how
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Introduction This essay will explain the goal setting theory. I will review theories related to goal setting. Then I will apply the theories to a work example. Lastly‚ I will provide recommendations based on the theories. Literature review: Goal setting is a theory of motivation‚ which may give employees a sense of purpose‚ challenge‚ and meaning to their work as well as a sense of accomplishment (Latham 2007‚ p. 62). Effective goal setting has according to Medlin and Green (2009‚ p. 952) been
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SELF HEALING INTRODUCTION Smart Grid is sophisticated‚ digitally enhanced power systems where the use of modern communications and control technologies allows much greater robustness‚ efficiency and flexibility than today’s power systems. The American Electric Power Research Institute (EPRI)‚ an advocator of building the smart grid‚ gave this grid a definition with self-healing‚ security‚ integration‚ collaborative‚ forecast‚ optimization and interaction. While European commission define
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Financial Planning and Strategies – Group Project Objective of the document The report comprises financial advice for Gwen and Fred. You both are 26 and 25 years of age respectively‚ currently working and enjoy good health. You have sought my advice with an intention of protecting your financial future with an express view of secure financial situation during your retirement. An analysis of your current financial situation is undertaken and based on the information you have provided‚ advice
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Assignment 1: Organizational Management Aaliyah Shaheed Professor: Dr. Joy H. Lee-Story BUS 310 – Human Resource Management February 2‚ 2014 When I think about an organization I think of a company that provides a service that people cannot live without. The first thing that comes to my mind is Publix. It provides a very valuable service that we cannot live without‚ it is easy to describe in terms of what it does and it has plenty of logistics that can be discussed
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in innovative business. The company was founded in 1982 and became an IPO in 1996. The headquarters is in New York City. They are a brokerage and investing company. E TRADE provides tools that help individuals achieve their long-term investing goals by cutting out the middle man and helping people save on fees they would otherwise pay to a brokerage house. However‚ if you want a person to invest your money on your behalf or advise you on investment options‚ those services are also provided.
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