...Strategic Program Management Worksheet MMBPL510/Implementing Organizational Objectives January 23, 2012 Clifford Olson Strategic Program Management Worksheet |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in Reading | |Strategic Management Process: |“Along with the school’s executive director, the |Gray, C.F., & Larson, E.W. (2006) Project | |“Strategic management requires |Board has adopted a new strategy that uses |Management: The Managerial Process (3rd | |strong links among mission, goals, |business development as the model to increase |ed.). McGraw-Hill/Irwin. | |objectives, strategy, and |funding sources and revenues. The three-year | | |implementation” (Gray & Larson, |strategic program plan includes a number of new |Foundation Schools Scenario. (2012). | |2006). The process consists of four|projects to help realize this new vision. The |Retrieved from: UOPX library. | |stages: 1) Review and define the |first year of the plan has just been completed and| | |organizational mission, 2) Set |is slated for Board review. John Thomas, CEO, has | | |long-range goals and objectives, 3)|been choosing new Board members with business...
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...Issue Management The purpose of this research is to give an insight on the basic practice of issue management, also to look at the overview requirements, activities and general terms related to issues of management. For project to be successful the management issues need to be maintained and stable at all times. Do you know that the power in an organization lies in the management aspect? Having looked at various security techniques, principles and basic software security systems, this topic should be a no brainer. Why because if you set up a security technology and you develop your software secured. We should know that unsettled issues could cause interruptions or hinder a project from reaching its goals. The next thing to do is to set up a management system. The main objective of a security project manager is to ensure that the system is being protected and the process in which it is protected. And according to research, people tend to focus more on the former aspect and ignore the latter, a lot of people worry about what is and never think about what if or what would be, and that is where the managerial aspect of security comes in. the core purpose of a business is to make a profit, with security it is easy to establish a fine line between profit and loss or risk and reward, before we go any further lets quickly compare these two key terms Issue and Risk. Risk according to and so managing and securing a company’s security system can give you a balance and create rewards...
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...Summary More than ever before, the project management becomes a matter of concern. Through applying the various types of managerial methods, processes and tools, the project can results in different profits. Due to the intense competition of market, an emerging system has been created, called the Lean Production Delivery System. In the report, it investigates, analyzes and discusses the methods, processes and tools in current project management approaches and LPDS. Through the comparison of them, the report concludes that the traditional project management is steady and reliable, still the main stream for the current environment. Furthermore, the LPDS is modern and excellent, but it is open to question. Introduction In recent decades, project management plays an essential role in various areas, from the architecture, national defense, and aerospace to the computer, telecommunications, financial industry and even government agencies. Project management developed after the Second World War as one of the new management technologies, organized in the United States. It is defined as that the project managers use the systematic views, methods and theories to effectively manage and operate all the works involved the project, under the condition of limited resource. In other words, project management is planning, organizing, conducting, coordinating, controlling and evaluating from the start of invested...
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... SUBJECT: MANAGEMENT TUTORIAL ASSIGNMENT STREAM 1D: GROUP 3-SUB-GROUP 1 GROUPMEMBERS: REG.NO: NDEMEKA, RENATUS. BAC/12/71432 MAKOLO, ALEX E. BAC/12/71337 CHARLES, PAMELA. BAC/12/61122 MORI, FADHILA J. BAC/12/61545 CHISUNGA, PAZI. BAC/12/71202 SEIF, SAADA AB. BAC/12/61153 MATTA, MICHAEL W. BAC/12/71131 QUESTION: Management can be thought of as multi-dimensional in nature. It can be defined as a process, as discipline, people and career. Clearly distinguish between managerial functions and managerial roles. How are they related? Introduction: The word’’ manage’’ comes from the Italian maneggiare {to handle especially tools}, which derives from Latin word manus{hand}.The French word mesnagement[later management]. It is very difficult to define the term management but different scholars tried to define management as follows; According to Harold koontz; Management is the art of getting things done through others and with formally organized groups. According to Bovee; Management is the process of achieving organizational goals through planning, organizing, leading and controlling the human physical financial and information resources of an organization in an effective and efficient manner. According to Mary Partner; Management is the art of getting things done through people. Generally; Definition of Management can be explained in multi-dimensional process because it is defined in...
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...Chapter 1: The Nature of Management © 2008 Prentice-Hall Business Publishing Learning Objectives After studying this chapter, you should be able to: ■Define the term management ■Explain the major challenges with which managers must deal ■Describe how historical research on management has contributed to the current practice of management ■Identify and discuss the primary managerial functions © 2008 Prentice-Hall Business Publishing Learning Objectives Explain the three general roles involved in managerial work and the specific roles within each ■Explore and describe the three dimensions of managerial jobs ■Discuss the primary skills required to be an effective manager ■ © 2008 Prentice-Hall Business Publishing What is Management? Management is a process that involves: ■Assembling and using sets of resources ■Acting in a goal-directed manner to accomplish tasks ■Activities carried out in an organizational setting © 2008 Prentice-Hall Business Publishing Managerial Challenges Managing Change Managing Entrepreneu rially Managerial Challenges Managing Resources Managing Strategically © 2008 Prentice-Hall Business Publishing Managerial Challenges: Managing Change Managing change: ■Is the most persistent, pervasive and powerful challenge for managers ■Requires managers to gain employee acceptance Two causes of change: ■Technology ■Globalization © 2008 Prentice-Hall Business Publishing Managerial Challenges: Managing Resources ...
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...Performance effectiveness 13 Performance efficiency 13 CHANGING NATURE OF ORGANIZATIONS 13 7 changes 14 Total quality management (TQM) 14 MANAGERS IN THE NEW WORKPLACE 15 Definition of manager 15 LEVELS OF MANAGERS 15 Top manager 16 Middle manager 16 Project manager 16 Team leader or supervisor 16 Nine responsibilities of team leader 17 TYPES OF MANAGERS 17 Administrator 17 Functional manager 17 General manager 17 Line manager 17 Staff manager 17 MANAGERIAL PERFORMANCE 17 Quality of work life 17 Accountability 18 CHANGING NATURE OF MANAGERIAL WORK 18 Upside-down pyramid 19 THE MANAGEMENT PROCESS 19 FUNCTUONS OF MANAGEMENT (Planning, Leading, Controlling, Organizing) 19 Management 20 Leading 20 Organizing 20 Planning 21 Controlling 21 MANAGERIAL ACTIVITIVES AND ROLES 21 Mintzberg’s 10 managerial roles ( Inter-Info-Decisional) 22. Realities of managerial work 22 MANAGERIAL AGENDAS AND NETWORKING 22 Agenda setting 23 Networking 23 LEARNING HOW TO MANAGE 23 Lifelong learning 23 Portfolios of skills 23 ESSENTIAL MANAGERIAL SKILLS 23 Skill 24 Conceptual skills 25 Technical skills 24 Emotional intelligence 24 Human skills 24 SKILL AND OUTCOME ASSESSMENT 24 Managerial competency 25 Key personal characteristics for managerial success 25 MANAGEMENT 8/e...
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...Engineering is a process of formulas and theories, while management is a process of practically applying theories, both working towards a greater end. As a mechanical engineering graduate, a career choice in engineering management and consulting allows me to satisfy my personal passion for engineering, while being a part of something bigger than myself. I am applying for admission to MSc program in engineering business management because I want a career in the field of servicing, consultancy and marketing. My undergraduate studies in Mechanical Engineering at University College London have given me a strong foundation of analytical skills, since the variety of courses I took, such as applied mechanics and stress analysis, involves a lot of complex and intricate calculations and the application of physics and mathematical skills. These skills and theories were put into practice in my final year project, which involved designing and creating a working three-dimensional simulation of the dynamic and static behaviour of a cricket bat when subjected to applied force. This virtual simulation was then evaluated by comparing it with a real life prototype. The results indicated that computer simulation can be very useful for testing and developing innovative designs without wasting vital resources, like time, money and manpower, which is an important managerial responsibility. These results symbolise how better engineering translates into better management and vice versa. Only through...
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...The Use of Managerial Accounting Tools in Toyota Motor Corporation ------------------------------------------------- ACCT 804 The Use of Managerial Accounting Tools in Toyota Motor Corporation ------------------------------------------------- ACCT 804 Managerial Accounting in Toyota Introduction Modern business environment involves high complexity and growing threat of new entrants, which together make potential challenges to business firms today regardless of the industry they involve. A company cannot survive the current market competition unless the management gets adequate information constantly. The concept of management accounting or managerial accounting is of great importance in this context because it can assist the top management to make sound decisions on various matters. This accounting branch embraces accounting systems, methods, and techniques that can help the organization maximize its profits or minimize losses. Scholars opine that management accounting is the presentation of accounting information in a way that would assist the top management to create potential policies for managing its daily operations. Management accounting is not confined to financial management information, but it is about comprehensive information about overall organizational activities. It is evident that financial management alone is not capable of providing necessary information for performing managerial functions effectively. In contrast, management accounting is able to...
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...importance of developing project management skills. Because the simulation is designed to offer instructors maximum flexibility, we have included scenarios that bring into clear focus project management challenges within a variety of professions, including new product development, process conversion, construction, event planning, and information technology development and implementation. As such, the simulation can be used in academic settings within schools of business, engineering, hospitality management, information and systems, and architecture. The simulation is designed to provide students with real-world experiences in managing the myriad variables that are routinely encountered in project management and decision making. Best and most important, the simulation environment offers students the unique opportunity to practice various components of project management – a hands-on, learning by doing approach that emphasizes active learning. The scenario and rules for the simulation can be learned in a short amount of time: perhaps two or three hours. Among the benefits for instructors are the randomization factors we have included that allow the instructor to customize the simulation each time it is used. These effects are important because they prevent past students from passing along “the key” to successfully winning the simulation. Each time you set up the simulation, you have the flexibility to alter key decision parameters, select project scenarios that are most...
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...Business Research Process RES/351 Business Research Process In business, a manager must research as a means to assist in the decision making process when faced with a managerial dilemma. The business research process will allow management to base its decision on valuable information that minimizes risk. The process will aid in planning, acquiring, and disseminating relevant data and information to improve on practice and procedure within the organization as well as maximize performance (Cooper & Schindler, 2011). This purpose of this paper is to summarize the business research process as it pertains to my personal experience in the workplace. Working for a Fortune 500 construction company when the economy is so volatile, the potential for new work is questionable and extremely competitive. Until recently, our district did not have new work secured on the books for the upcoming year. This posed a managerial dilemma for upper management. Management questioned what needed to change in order to capture new work. Upper management questioned whether lower level managers needed replacing and if procuring more technology would help. Recognizing the lack of work as a managerial dilemma and the possibility of change as to capture new work make up the first step of the business research process. Defining the research questions and refining those questions led to exploration (Cooper & Schindler, 2011). Once the dilemma was clearly defined, management determined that...
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...are many definitions of management accounting, this paper will stick with the definition formulated according to the American Accounting Association. It defines accounting as a process of providing both financial and non-financial to decision makers. The varying nature of business characteristics implies that also techniques used in managerial accounting for each business differ as the business grows. During start up the business rely on capital investment and budgeting techniques. A mature business relies upon quality control and cost management. Techniques used ultimately assist the business to achieve its long-term and short-term aims via efficient decision-making. The objective of this paper is to study each concept available in the accounting definition and provide a framework needed for deep understanding of aspects and issues involved in the process of accounting. The paper will have two part. The first part will look at the first aspect that is to define managerial accounting and look at its role, techniques and ethical issues facing managerial accountant. We will also highlight the role of a managerial accountant. In the second part, three topics will be covered. The three topics are; cost investment techniques, budgeting, and quality control. In the selected topics, real-world cases will be presented in relation to how they relate to managerial accounting techniques. Managerial accounting is defined as process involving preparation of management accounts and reports so...
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...Unit 4001 - An Introduction to Management Styles Name: Timothy Freeman CMI Number: P04304125 1. Be able to understand assumptions about human nature and managerial behaviour. 1.1 Identify models which make suppositions about human nature and behaviour at work Theory X and Theory Y represent two sets of assumptions about human nature and human behaviour that are relevant to the practice of management. They describe two contrasting models of workforce motivation. Theory X represents a negative view on of human nature that assumes individuals generally dislike work, are irresponsible, and require close supervision to do their jobs. Theory Y represents a positive view of human nature and assumes individuals are generally hard-working, creative, and able to take on responsibility and exercise self-control in their jobs. One would expect that managers holding assumptions about human nature that are consistent with Theory X might exhibit a managerial style that is quite different than managers who hold assumptions consistent with Theory Y. 1.2 Discuss how attitudes as assumptions can influence managerial behaviour. McGregor described two distinct set of assumptions about people at work. He believed that these assumptions influence the thinking and attitude of most managers about the people at work. 1|Page Theory X presents a pessimistic or negative view of human nature whereas Theory Y reflects an optimistic or positive view of human behaviour. Theory X lists...
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...Groves College of Business and Economics, California State University, Los Angeles, California, USA Abstract Purpose – Organizations often fail to utilize managerial personnel effectively for leadership development and succession planning systems, and many execute these critical practices through separate human resource functions that shift the responsibility for leadership development away from line managers. The purpose of this article is to present a best practices model for optimal development of the leadership pipeline and a series of practical recommendations for organizations. Design/methodology/approach – A group of 30 CEOs and human resource executives across 15 best practice organizations were asked via semi-structured interviews to describe the content and delivery of their respective organizations’ leadership development and succession planning practices. Findings – Analysis of interview data indicated that best practice organizations effectively integrate leadership development and succession planning systems by fully utilizing managerial personnel in developing the organization’s mentor network, identifying and codifying high potential employees, developing high potentials via project-based learning experiences and manager-facilitated workshops, establishing a flexible and fluid succession planning process, creating organization-wide forums for exposing high potential employees to multiple stakeholders, and establishing a supportive organizational culture. Research...
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...nformation Technology for Management Transforming Organizations in the Digital Economy International Student Version EFRAIM TURBAN, University of Hawaii at Manoa LINDA V O L O N I N O , Canisius College with contributions by: CAROL POLLARD, Appalachian State University . JANICE C. SIPIOR, Villanova University DOROTHY LEIDNER, Baylor University LINDA LAI, Macau Polytechnic University of China CHRISTY CHEUNG, Hong Kong Baptist University DEBORRAH CRISTOBAL, University of Santo Tomas, Philippines WILEY & Sons, Inc. CONTENTS 4 Networks and Collaboration as Business Solutions 112 I IT Supports Organizational Performance in Turbulent Business Environments 1 Toyota Scion's Innovative Advertising Strategies 2 1.1 Doing Business in the Digital Economy 4 1.2 Information Systems and Information Technology 11 1.3 Business Performance Management, Business Pressures, Organizational Responses, and IT Support 13 1.4 Strategy for Competitive Advantage and IT Support 18 1.5 Social Computing and Networking and Virtual Worlds 25 1.6 Why Should You Learn About Information Technology? 29 1.7 Plan of the Book 30 1.8 Managerial Issues 31 Minicase: NHS Hospitals Adopt Wireless 35 G Information Technologies: Concepts, Types, and IT Support 38 Mary Kay's IT Systems 39 2.1 Information Systems: Concepts and Definitions 41 2.2 Classification and Types of Information Systems 42 2.3 How IT Supports People 52 2.4 How IT Supports Supply Chains and...
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...understand the role and application of accounting information in business and learn how managers can use external and internal accounting information for decision-making. This course aims to provide an overview of key principles and concepts in financial accounting and managerial accounting. Specific topics include: components of financial statements; financial statements analysis; product costing; costvolume-profit analysis; and budgeting. Course Objectives After completion of the course, you should be able to: Understand the roles of financial accounting (external) and managerial accounting (internal) Analyze financial reports, specifically the balance sheet, statement of profit and loss and statement of cash flow. Identify and apply key financial ratios to financial statement analysis. Identify and apply basic elements of cost concepts, product costing and cost-volumeprofit (CVP) analysis to management decision-making process. Understand key considerations during the budgeting process and budgetary control. Course Materials Narayanswami (2014): “Financial Accounting: A Managerial Perspective”, Prentice-Hall Pvt Ltd., 5th edition, New Delhi (FA) Jiambalvo (2013):” Managerial Accounting”, Wiley India, 5th edition, New Delhi (MA) Supplemental materials will be distributed via email. Grading Criteria Your grade will be based on three criteria, as follows: Class Quizzes ( Best 4 out of 5) Business Report Group Presentation End-term exam ...
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