...Certified Management Account May 5th, 2010 The CMA certification was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. (Institute of Certified Managment Accountants, 2009, p. 1) The CMA exam is made up of different components that test the skills an accountant or another individual in the finance field would use on the job including financial planning, analysis, control, and decision support. (Institute of Certified Managment Accountants, 2009, p. 1) There are numerous requirements for taking the CMA exam, as well as to maintain your CMA certificate but they are only mediocre compared to the benefits the Certified Management Accountant Certificate can do for you. The CMA exam is administered, developed and graded by the Board of Regents of the Institute of Certified Management Accountants. (Institute of Certified Managment Accountants, 2009, p. 2) The Board of Regents also has the responsibility to evaluate and validate the CMA applications to make sure they have meant all the requirements to be a CMA. (Institute of Certified Managment Accountants, 2009, p. 2) To be eligible to take the CMA exam you much first become a member of the IMA and pay an entrance fee, $200 for regular members but only $75.00 for any students. (Institute of Certified Managment Accountants, 2009, p. 3) Once a member of IMA the Board of Regents will make sure that you have a Bachelors Degree from an accredited...
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...that delicately managing employees, in order to affectively address those functions, is of utmost importance. Explain how internal and external factors affect the four functions of management (planning, organizing, leading, and controlling). Internal factors are factors that affect the workings inside the business like accounting functions, leadership style, management changes, and procedures on how the business operates. Internal factors are important to how you run a business. The basic universal language are the accounting principles. You must understand the function of this to know how to run the business. A company’s leadership style impacts organizational culture. Leaders have to be able to communicate effectively. Also, the strength of the employees is an important internal factor. Hard-working and talented workers produce better results for a business. Procedures deal with how you execute your plans or objectives. External factors are factors outside the scope of the business that affects the business like the political risk, systemic risks, economic risk, etc. External factors deal with all that is outside the business that can influence the business. The political risk can influence through lobbying through congress to change laws. The by-laws are important as well. This...
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...Running Head: OPERATIONS MANAGEMENT Operations Management MMBPL502 Patricia Schroeder January 23, 2012 Introduction Kathy Kudler, the Founder of Kudler Fine Foods, has decided to expand her business by contracting with local growers of organic produce. Kathy has requested that I report what steps need to be taken and what operational changes will be necessary if Kudler decides to pursue this business path. The report should identify those business processes at Kudler that could be affected by this decision and explain how they would be affected. It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual...
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...http://www.scribd.com/doc/39376533/The-Performance-Appraisal-System-of-Rahimafrooz Letter of Transmittal Mrs. Kamrun Ahmed Course Coordinator Management Information System Department of Business Administration Southeast University. Subject: Submission of Transmittal Dear Mrs. Kamrun Ahmed With a great respect, we are informing you that we have prepared a project report on “The Information System use in a Superstore”. For the project completion, we have selected the superstore “Agora”.We feel great pleasure for submitting this report to you, which will definitely help us to complete the MBA. During the preparation of this report, we have experienced a lot that will greatly help us in our further studies and carrier life. It has enlightened our practical knowledge about the information system use in the practical world of business, the strategies they follow to maintain the problem in the superstore although the experience we got from here will help us to contribute these techniques in our practical life. We tried our level best to develop a good report. We would like to thank you for giving us such an opportunity to do this report on this topic. Thank you Sincerely yours Name Student ID. Md. Hafizullah 2011110004011 Sayeed 20111100040 Rukhsana Akter Rumi 2011110004015 Umma...
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...Chapter 1 Overview of the 21st century workplace - Organizations must adapt to rapidly changing society > like in 2003 there was so wireless but now its changing now most of the business rely on wireless communication - Economy is global and driven by innovation and technology > you need new original ideas (innovative) High performing companies gain extraordinary results from people working for them Interdependent, knowledge based > Depend on each other as a part of organization Study question 1 what are the challenges of working in the new economy > intellcutual capital people are the ultimate foundations of orgzanitional performances intellcutual capital is the collective brain power or shared knowledge of a workforce that can be used to create value A knowledge worker adds to Globalization . National boundaries of world business have largely dissappeared . globalizations is the worldwide interdependence of resource flows,product markets and business competition that characterisitv that characterize the new company Technology . Continuing transformation of the modern workplace throughout > the internet (having social network websites to market product) > worldwide web (exchange of stocks) > computers > information technology .Increasing demand for the knowledge workers with the skills to fully utilize technology Diversity: >workforce diversity reflects differences with respect to gender , age, race, ethnicity, religion,sexual orientation...
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...our entire dedication and brainpower into our mission of making the Adidas Group the global leader in the sporting goods industry. Why?Because we want to create as much value for all our stakeholders as possible. No matter whether you are an athlete, a fashionista, a (potential) employee or any other stakeholder, we strive to create value for you. Read on to find out how. RISK MANAGMENT FACTORS We acknowledge that in our daily business we are exposed to various risks and that it is necessary to take certain risks in order to be competitive and ensure sustainable success. Our risk and opportunity management principles and system provide the framework for our Group to conduct business in a well-controlled environment We define risk as the potential occurrence of an external or internal event (or series of events) that may negatively impact our ability to achieve the Group’s business objectives or financial goals. Opportunity is defined as the potential occurrence of an external or internal event (or series of events) that can positively impact the Group’s ability to achieve its business objectives or financial goals. We have summarized risks in four main categories: Strategic, Operational, Legal & Compliance and Financial. Opportunities are classified in two main categories: Strategic & Operational and Financial. The Adidas AG Executive Board has the overall responsibility to operate an effective risk and opportunity management system that ensures comprehensive and consistent...
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...The Roles of Managers in Functional Areas of Business Maureen Glidewell MGT 521 1/30/14 Shirley Fitzgerald Managers are a key element in the operation of any business or organization. The success of any business is going to depend on managers and the employees that they manage. While different types of business will dictate different job functions for a manager, all managers will have the same fundamental roles, planning, organizing, leading and controlling, in whatever functional area of business they are working. The most important role that a manager plays in any functional area of business is that of planning. Planning in a business involves setting goals and formulating strategies to meet those goals. Planning is necessary at any level of management and provides a roadmap for the organization to follow to meet the organizations goals in the most efficient manner. A manager is responsible for taking the goals of the organization and providing direction to the employees to meet the goals in the most efficient manner. Anticipating areas in the business that may hinder the organization from meeting its goals is a vital activity for managers and key to keeping employees productive. Proper planning will help to keep the business running efficiently and effectively and give purpose to the organization. (Thorn, 2012) Planning will reduce uncertainty as external forces that may affect the business have been taken into account during planning. Proper planning by management...
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...social, and environmental factors to an organization’s strategy, governance, performance, and potential, and future earnings best demonstrates its value creation process and commitment to sustainability. The consideration of how a broad set of interdependent and relevant financial and nonfinancial factors affect an organization’s accountability, stewardship, and performance is the basis for integrated thinking and is the key element in integrated reporting. Integrated reporting (IR) principles are global in nature applicable to all organizations across multitude of industries and sectors and are becoming a fundamental practice towards a more cohesive and efficient approach in demonstrating to internal and external stakeholders how the business creates value in the short, medium, and long-term (Tilley, 2014). An integrated report should identify and communicate how relevant and interdependent, financial and non-financial factors affect an organization’s value creation process across organizational and geographical boundaries. This connectivity fosters a more efficient allocation of capital within the organization by breaking down communication barriers to engender a more collaborative and positive culture and outside of the organization by attracting investors through a more relevant assessment of risk and explanation of non-financial value. Other stakeholders, including policy makers, regulators,...
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...Introduction Employee recognition is the timely, informal or formal acknowledgement of a person’s or team’s behaviour, effort or business result that supports the organization’s goals and values (Schermerhorn; Davidson; Poole; Simon; Woods; Chau;, 2010). But are these assumingly non-monetary rewards and motivations enough to keep an employee performing at their full potential? The purpose of this report is to discuss and explore the idea that if the base monetary compensation of an employee is not on-par with what the employee believes they are worth, are non-salary based motivational techniques and rewards both intrinsic and extrinsic, enough to keep that employee from feeling underappreciated and dissatisfied with their working environment (Rodgers, et al., 1992). This report also proposes recommendations, and critically evaluates these proposals, in order to clarify the need of having an effective employee compensation review process in place as well as worthwhile non-monetary based motivational techniques and rewards plans. This report will argue that by incorporating a well-structured salary review program monitored by the use of Key Performance Indicators and goal setting, overseen by a Management by Objectives approach, as well as non-monetary based motivation and reward plans such as Google’s, would provide the best platform for managers and the business as a whole to take full advantage of its human capital and increase the productivity and levels of motivation among its staff...
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...Assessment Criteria Evidence (To provide evidence of Achieving Assessment Criteria Learner should provide the following ) 1.1 Discuss the role of strategic marketing in an organization. For AC1.1, learners need to show that they understand the difference between strategic and tactical marketing. They need to use established models and definitions to develop theirdiscussion. 1.2 Explain the processes involved in strategic marketing. For AC1.2, learners will be expected to understand and explain the processes involved in strategic marketing. This will involve looking at a range of processes and learners may wish to draw on their own experiences in the workplace to amplify their points. 1.3 Evaluate the links between strategic marketing and corporate strategy For AC1.3, learners are expected to understand that the process of strategic marketing does not take place in a vacuum. They will need to show that they can evaluate the links between strategic marketing and corporate strategy and provide examples of those links. 2.1 Assess the value of models used in strategic marketing planning. For AC2.1, learners need to research the models used in strategic planning. They will need to make judgments and assess the value of the models for strategic marketing planning. 2.2 Discuss the links between strategic positioning and marketing tactics. For AC2.2, learners need to understand that when strategic plans are put into operation, dayto-day tactical decisions have to be made. In...
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...Performance Managment Verses Annual Performance Appraisal In the ever changing business world that we live in the need for structure in the workplace is even more prevalent. There has to be an order that is followed by every member of each working team. This is why having a system like Complete Performance Management and Annual Performance Appraisals is very important. The human resources division states that “Managing employees is an important part of running a small business. The reputation of the business may also rely partly on the performance of its employees. Owners of businesses often develop an employee performance management system or performance appraisals to help them evaluate employees” (Heathfield, 2012) Complete Performance Management System is defined in Wikipedia as “A performance management system is a method of employee evaluation and management that is used in a wide variety of business settings. It helps to create a more productive working environment by clearly outlining expectations and generating management feedback. It includes activities that ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product or service, as well as many other areas. ” (Wikipedia, 2012). This system of evaluating employees is mainly used in the...
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...Priscilla Carter 4824 Eden View Ct Orlando, FL 32810 407-715-7207 Carterpri@aol.com OBJECTIVE My goals are to acquire a position with advancement opportunities while dedicating my skills and enlighten the workplace with my positive, self-motivated attitude. I believe that my organizational, interpersonal, and time-management skills would be a great asset to any employer PROFILE Motivated, entry-level student seeking a career in the health field industry. Talent for quickly mastering technology -- recently completed Microsoft Office Suite certificate course. Diplomatic and tactful with professionals and nonprofessionals at all levels. Accustomed to handling sensitive, confidential records. Demonstrated history of producing accurate, timely reports. Great in customer service. Flexible and versatile -- able to maintain a sense of humor under pressure. Poised and competent with demonstrated ability to easily transcend cultural differences. Thrive in deadline-driven environments. Excellent team-building skills. SKILLS SUMMARY Distribution Management, Report Preparation, Written Correspondence, General Office Skills, Computer Savvy, Customer Service, Scheduling, Marketing & Sales, Accounting/Bookkeeping, Front-Office Operations, diversified in medical terminology PROFESSIONAL EXPERIENCE Conduct small-group sessions on meditation/relaxation techniques. Rapidly learn and master varied computer programs; recently completed Microsoft Office Suite certificate course. Customer...
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...Process Managment Description Process Management includes a myriad of activities: insuring that a product or service is of high quality, choosing the appropriate design and technology for producing a good or service, planning and controlling the flow of materials or customers so that lead times are minimized, and distributing finished goods or services. Relevant decisions range from how much material to order for making a product, to determining how much capacity is needed to provide a good level of service, to evaluating which technology will best meet a company's needs. In short, this course focuses primarily on developing and applying tools and techniques to ensure that the right products and resources are at the right place at the right time so as to maximize profit within a business process or supply chain. The “products” could be either goods, services, or both; and the “resources” could be either material, people, money, information, or any combination of the four. In the first part of this course, we will focus on process design and improvement issues by studying the relationships between key process parameters such as capacity and throughput, and by analyzing processes in order to identify and eliminate bottlenecks. And, in the second part of the course, we will focus on process coordination issues by studying methods for the efficient planning and controlling of critical resources. Specific objectives are: • To describe an operating system or a business process...
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... one is responsible for managing an event from conception through to staging. Event management involves studying the complexities of the brand, identifying the target audience, devising the event concept, planning the logistics and coordinating the technical aspects before actually launching the event. Post-event analysis and ensuring a return on investment have become significant drivers for the event industry. The recent growth of festivals and events as an industry around the world means that the management can no longer be done or set up for a sole and particular purpose. Events management entails the overseeing of all sorts of events from the Olympics co-ordination and staging down to the planning of a breakfast meeting for ten business people. A BRIEF WRITE UP ON MY PROPOSED PROJECT. I Karika Oghenerugba Oghenefega, Matriculation number 09/Sci01/014, from the Computer Science department of Afe Babalola University Ado-Ekiti Ekiti state, intend to explore the discuss of Events Management and implement my foregained knowledge in my field of study, Computer Science, in the development of an application software which may be used in the planning and management of events. This application software would be able to ensure the supervision of planned out events be it of a corporate nature such as product launches, press conferences, corporate anniversary parties, meetings, conferences e.t.c. or private/ personal events such as birthdays, weddings, anniversaries e.t.c.. The...
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...structure-informal structure B. Type of organizational structure used affects communication 1. Types of structure: matrix, functional, and divisional 2. Advantages and Disadvantages of each C. Internal and External factors 1. Size 2. Location 3. Services provided D. Importance of communication 1. Communication effects organizational structure 2. Success of the organization III. Steps involved in organizational planning and functions of management A. Process of transforming organizational objectives into specific management strategies and tactics designed to achieve the objective. B. Five steps that are used to properly plan and implement change within the organization C. Steps can be used in presentation scenario IV. Strategies and/or methods needed to influence organizational change and minimize conflict A. Organizational change 1. Set up additional training for employees 2. Offer rewards for meeting goals, maintaining strengths, and improving weaknesses 3. Update operating systems and...
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