...ESSENTIALS OF MANAGEMENT ➢ The need / scope / meaning & definition / process of management / managerial hierarchy MANAGERIAL FUNCTIONS ➢ Planning / Organizing / Staffing / Directing / Controlling MANAGERIAL SKILLS ➢ Technical / Conceptual / Human TYPES OF MANAGERS ➢ Functional / Specialists / Generalists / Line & Staff managers DECISION MAKING ENVIRONMENT ➢ Open & closed system / decision making under certainty, uncertainty & risk DECISION MAKING TYPES ➢ Structured / unstructured decisions ➢ Programmable / non-programmable ➢ Classical & Administrative Models DECISION MAKING STYLES ➢ Autocratic / Participative / Consultative Essentials of Management An International Perspective Harold Koontz & Heinz Weihrich Lesson 1 Characteristics of the term Organization: ➢ Social unit with a purpose Characteristics of the term Management ➢ Process of optimum utilization of the resources of the Organization to accomplish its goals Functions of Management ➢ Planning ➢ Organizing ➢ Leading ➢ Controlling ➢ Coordination Characteristics of the term Productivity ➢ A ratio of Output to Input ➢ It can be improved by o Increasing output with same inputs o Decreasing inputs, but maintaining the same output Characteristics of the term Effectiveness: ➢ Accomplishing of Objectives of the Organization Characteristics of the term Efficiency ➢ How Objectives are...
Words: 6455 - Pages: 26
...Essentials of Management Course 602 Assignment- Lesson 9 In my opinion, the mission of Custom Coffee and Chocolate is to create an atmosphere that is convenient and enjoyable for students and other university people by providing the best sorts of coffee and snacks, increasing convenience by offering additional services and making visits to the café an unforgettable experience for the clients. Strengths: Kim finances, Brewer marketing, understanding of college market, unique, quality products, growing reputation, and loyalty of the customers. Weaknesses: capitalization, small market (need to increase customer base), people not staying in the café, but buying takeout and leaving, need to find a way to get them to stay which could possibly lead to additional sales while they are there, small shop, lack of workers. Opportunities: wireless internet, delivery services, wider array of foods & drinks, good supply of coffee/chocolate expand their territory. Threats: established coffee houses, other online sources for fair trade coffee & local chocolates. A tactical plan should be based on strategic opportunities and is likely to contain step-by-step implementation: * Hiring two part-time employees – within 1 month * Developing an expanded menu (with desserts, tea and beverages) – within 2 months * Adding wireless connection option – within 2 months * Expanding marketing and advertising policy (radio, TV, banner ads) – within 3 months * Development...
Words: 1677 - Pages: 7
...Câu 7: Nếu bạn là một nhân viên tín dụng thương mại và Andre tới gặp bạn để vay một khoản vay ngắn hạn là $25000, bạn sẽ quyết định như thể nào? * Andre có thể được cấp khoản vay ngắn hạn $25.000. * Những khoản vay ngắn hạn được đều có sẵn theo cả hai hình thức là bảo đảm và không bảo đảm. * Để vay được khoản vay ngắn hạn có đảm bảo, người đi vay phải thế chấp một tài sản với người cho vay. Đối với khoản vay ngắn hạn không đảm bảo, không bên nào được yêu cầu nhưng lãi suất cao hơn. * Tỉ số thanh toán hiện hành hoặc tỉ số thanh toán nhanh của Andre cho tính thanh khoản tương đối khá và ông ấy vẫn có khả năng chi trả nên ông ấy nên được cho vay và ông ấy nên vay một khoản ngắn hạn có bảo đảm. Cách trả lời khác: Trong tình huống lợi nhuận thấp và tình hình lưu chuyển tiền tệ của công ty kém như vậy, tôi sẽ không cấp khoản vay. Tuy nhiên tôi sẽ nói với ông ấy rằng nếu ông ấy có thể cho chúng tôi thấy được sự tiến triểm trong hệ thống quản lý hàng tồn kho và lợi nhuận tốt hơn trong vòng hai quý tới, chúng tôi sẽ cân nhắc việc này Câu 8: Những khuyến nghị nào Juan nên làm để cải thiện, nếu có? * Công ty nên cải thiện việc quản lý hàng tồn kho và chính sách thu tín dụng. * Hàng tồn kho có thể là do tình trạng trữ hàng quá nhiều, hàng hóa lỗi thời, thiếu xót trong các dòng sản phẩm hoặc về việc tiếp thị sản phẩm. * Chi phí bán hàng và các chi phí khác cần được kiểm tra và giảm xuống thấp hơn, phù hợp với mức độ trong năm 2000. Điều này sẽ làm cải thiện...
Words: 1066 - Pages: 5
...Sam Walton’s Approach to Implementing Wal-Mart’s Strategy (Chapter 9) Strategy in Action Features A Strategic Shift at Microsoft (Chapter 1) ● The Agency Problem at Tyco (Chapter 2) ● Circumventing Entry Barriers into the Soft Drink Industry (Chapter 3) ● Learning Effects in Cardiac Surgery (Chapter 4) ● How to Make Money in the Vacuum Tube Business (Chapter 5) ● The Evolution of Strategy at Procter & Gamble (Chapter 6) ● Diversification at 3M: Leveraging Technology (Chapter 7) ● News Corp’s Successful Acquisition Strategy (Chapter 8) ● How to Flatten and Decentralize Structure (Chapter 9) Practicing Strategic Management Application-based activities intended to get your students thinking beyond the book. Small-Group Exercises Short experiential exercises that ask students to coordinate and collaborate on group work focused on an aspect of strategic management. Exploring the Web Internet exercises that require students to explore company websites and answer chapter-related questions. Designing a Planning System (Chapter 1) Evaluating Stakeholder Claims (Chapter 2) Competing with Microsoft (Chapter 3) Analyzing Competitive Advantage (Chapter 4) How to Keep the Salsa Hot (Chapter 5) Developing a Global Strategy (Chapter 6) Comparing Vertical Integration Strategies (Chapter 7) ● Identifying News Corp’s Strategies (Chapter 8) ● Speeding Up Product Development (Chapter 9) ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●...
Words: 223966 - Pages: 896
...Securing Information Systems LEARNING OBJECTIVES C H A P T E R 7 STUDENT LEARNING OBJECTIVES After completing this chapter, you will be able to answer the following questions: 1. Why are information systems vulnerable to destruction, error, and abuse? What is the business value of security and control? What are the components of an organizational framework for security and control? What are the most important tools and technologies for safeguarding information resources? 2. 3. 4. ISBN 1-256-42913-9 232 Essentials of MIS, Ninth Edition, by Kenneth C. Laudon and Jane P. Laudon. Published by Prentice Hall. Copyright © 2011 by Pearson Education, Inc. C HAPTER O UTLINE Chapter-Opening Case: Boston Celtics Score Big Points Against Spyware 7.1 System Vulnerability and Abuse 7.2 Business Value of Security and Control 7.3 Establishing a Framework for Security and Control 7.4 Technologies and Tools for Protecting Information Resources 7.5 Hands-on MIS Projects Business Problem-Solving Case: Are We Ready for Cyberwarfare? BOSTON CELTICS SCORE BIG POINTS AGAINST SPYWARE While the Boston Celtics were fighting for a spot in the playoffs several years ago, another fierce battle was being waged by its information systems. Jay Wessel, the team’s vice president of technology, was trying to score points against computer spyware. Wessel and his IT staff manage about 100 laptops issued to coaches and scouts, and sales, marketing, and finance employees, and these...
Words: 21009 - Pages: 85
...Is Strategy an Essential Component of Management? It seems reasonable and common for any organizations to have their own strategy in achieving their organization goals aligning their mission and vision within operations. As one of the most important management practice, strategy is currently playing a dominant role in the everyday lives for managers. Managers are generally expected to have strategic thinking while planning and framing activities (Philips & Dar 2009). In the following essay, the importance of strategy as a component of management will be discussed. Many literature has been focusing on the argument that strategy is needed within organizations in order to set their direction and to compete with other competitors, however, some has also pointed out that the absence of strategy can be considered vital in certain circumstances (Mintzberg 1987b). First of all, the definition of strategy should be clarified. Many works have been developing a view of strategic management which is focusing on ways that corporations develop their goals and direction. Chandler (1962, p.834) defined strategy as “the determination of the basic long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out the goals.” On the other hand, Mintzberg (1987a) has observed and presented five definitions for strategy. They are: plan, ploy, pattern, position and perspective. He pointed out that most people...
Words: 1941 - Pages: 8
...Sam Walton’s Approach to Implementing Wal-Mart’s Strategy (Chapter 9) Strategy in Action Features A Strategic Shift at Microsoft (Chapter 1) ● The Agency Problem at Tyco (Chapter 2) ● Circumventing Entry Barriers into the Soft Drink Industry (Chapter 3) ● Learning Effects in Cardiac Surgery (Chapter 4) ● How to Make Money in the Vacuum Tube Business (Chapter 5) ● The Evolution of Strategy at Procter & Gamble (Chapter 6) ● Diversification at 3M: Leveraging Technology (Chapter 7) ● News Corp’s Successful Acquisition Strategy (Chapter 8) ● How to Flatten and Decentralize Structure (Chapter 9) Practicing Strategic Management Application-based activities intended to get your students thinking beyond the book. Small-Group Exercises Short experiential exercises that ask students to coordinate and collaborate on group work focused on an aspect of strategic management. Exploring the Web Internet exercises that require students to explore company websites and answer chapter-related questions. Designing a Planning System (Chapter 1) Evaluating Stakeholder Claims (Chapter 2) Competing with Microsoft (Chapter 3) Analyzing Competitive Advantage (Chapter 4) How to Keep the Salsa Hot (Chapter 5) Developing a Global Strategy (Chapter 6) Comparing Vertical Integration Strategies (Chapter 7) ● Identifying News Corp’s Strategies (Chapter 8) ● Speeding Up Product Development (Chapter 9) ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●...
Words: 223966 - Pages: 896
...Weblogic. Maruti Suzuki has built its Enterprise Resource Planning (ERP) system on Oracle E-Business Suite and added Hyperion Enterprise to further enhance financial consolidation and reporting efficiency.” L= 5:30. URL http://www.youtube.com/watch?v=aZWAzbRm-ms CASE “Oracle Corporation (NASDAQ: ORCL) specializes in developing and marketing enterprise software products particularly database management systems. Through organic growth and a number of high-profile acquisitions, Oracle enlarged its share of the software market. By 2007 Oracle ranked third on the list of largest software companies in the world, after Chapter 5 Case 1 Maruti Suzuki Business Intelligence and Enterprise Databases 2 continued Microsoft and IBM. Subsequently it became larger than IBM after its acquisition of Hyperion and BEA. The corporation has arguably become best-known due to association with its flagship Oracle database. The company also builds tools for database development, middle-tier software, enterprise resource planning software (ERP), customer relationship management software (CRM) and supply chain management (SCM) software. The founder and CEO of Oracle Corporation, Larry Ellison, has served as Oracle’s CEO throughout the company’s history. Ellison also served as the Chairman of the Board until his replacement by Jeffrey O. Henley in 2004. Ellison retains his role as CEO. Ellison took inspiration from the 1970 paper written by Edgar F. Codd on relational database systems named “A Relational...
Words: 666 - Pages: 3
...MBA Essentials Information Technology for Strategic, Competitive Advantage Virginia Franke Kleist, Ph.D. Assistant Professor Division of MIS/Management Welcome to the Technology Part of the Program • How are you using information technology (IT) today in your firms and businesses? • How successful has this been for your firm? • Do you have problems that are still unresolved with Information Technology? • Can IT give competitive advantage, anyway? • How can one identify which technologies will best give strategic advantage? MBA Essentials Session X Information Resources Management 2 Contact Information • • • • • • Virginia Franke Kleist, Ph.D. Virginia.kleist@mail.wvu.edu www.be.wvu.edu/divmim/mgmt/kleist 304-293-7939 I welcome your comments and contacts! Several drawings are adapted from Laudon and Laudon, (2005), Management Information Systems: Managing the Digital Firm, New Jersey: Prentice Hall (8th ed.). • Some material adapted from Burgelman, Christensen and Wheelwright, (2004), Strategic Management of Technology and Innovation, Boston: McGraw-Hill Irwin (4th ed.). MBA Essentials Session X Information Resources Management 3 MBA Essentials Session X Information Resources Management 4 MBA Essentials Session X Information Resources Management 5 What will we learn? • Strategic advantage from information technology • Latest information technologies • How do you successfully select, implement...
Words: 1553 - Pages: 7
...Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 2 E-Business: How Businesses Use Information Systems STUDENT LEARNING OBJECTIVES • What are the major features of a business that are important for understanding the role of information systems? • How do systems serve the various levels of management in a business and how are these systems related? 2.2 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 2 E-Business: How Businesses Use Information Systems STUDENT LEARNING OBJECTIVES • How do enterprise applications and intranets improve organizational performance? • Why are systems for collaboration and teamwork so important and what technologies do they use? • What is the role of the information system’s function in a business? 2.3 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 2 E-Business: How Businesses Use Information Systems The Tata Nano Makes History with Digital Manufacturing • Problem: creating a car that costs $2,500 without sacrificing safety or value • Solutions: implement digital manufacturing that automates processes in product design and production engineering planning 2.4 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 2 E-Business: How Businesses...
Words: 3051 - Pages: 13
...Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 1 Business Information Systems in Your Career STUDENT LEARNING OBJECTIVES • How are information systems transforming business and what is their relationship to globalization? • Why are information systems so essential for running and managing a business today? • What exactly is an information system? How does it work? What are its people, organization, and technology components? 1.2 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 1 Business Information Systems in Your Career STUDENT LEARNING OBJECTIVES • How will a four-step method for business problem solving help you solve information systemrelated problems? • How will information systems affect business careers and what information systems skills and knowledge are essential? 1.3 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 1 Business Information Systems in Your Career The New Yankee Stadium Looks to the Future • Problem: Escalating salaries, travel costs, and ticket prices, more competing entertainment options. • Solutions: Enhance fan experience by building state-of-the-art new stadium. 1.4 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Essentials of Management Information Systems Chapter 1 Business Information...
Words: 2974 - Pages: 12
...environment Lack of employee support and participation Indecisive management Poor management. (Essentials of Management Information systems ch.1, pg.22) Dimension #2- Organizations Outdated business processes Unsupportive culture and attitudes Political conflict Turbulent business environment, change Complexity of task Inadequate resources. (Essentials of Management Information systems ch.1, pg.22) Dimension #3- Technology Insufficient or aging hardware Outdated software Inadequate database capacity Insufficient telecommunications capacity Incompatibility of old systems with new technology Rapid technological change. (Essentials of Management Information systems ch.1, pg.22) 2. What is the difference between IT and information systems? Describe some functions of information systems. An information system (IS) can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making, coordinating, and control in an organization. In addition, information systems may also help managers and workers analyze problems, visualize complex subjects, and create new products. (Essentials of Management Information systems ch.1, pg.13) Information technology (IT) consists of all the hardware and software that a firm needs to use in order to achieve its business objectives. (Essentials of Management Information systems ch.1, pg.13) A brief example contrasting...
Words: 980 - Pages: 4
...415 Week 1 Risk Management Overview Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-415-week-1-risk-management-overview-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Risk Management Overview Paper In organizational and business risk you will find dangers regarded as risks that will relate into adverse reactions or big problems that can take place in addition to a task or activities in the company. It is very important check danger in the company this check will allow management find out how to tackle the procedure. These reports will translate to administration what modifications in the organization will be required so as to function. The procedure is essential for the good results. It should be observed and managed through every phase of the procedure. TO DOWNLOAD COMPLETE TUTORIAL HIT PURCHASE BUTTON FIN 415 Week 1 Risk Management Overview Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-415-week-1-risk-management-overview-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Risk Management Overview Paper ...
Words: 3591 - Pages: 15
... Business Information Systems - Transaction Processing Systems Enterprise Resource Planning Systems Management Information Systems Decision Support Systems Technology Infrastructure Software Hardware Databases Telecommunications and Networks People Procedures Business Information Systems Business Information Systems Suppliers Competitors Business Problems and Opportunities Business Planning Customers Business Problems and Opportunities Organizational Individual Group Enterprise Business Planning Business Objectives (What)) Business Strategy (How) Business Processes Effective Integration Increased Performance Business Objectives (What) Information Systems Essentials, Sixth Edition Business Strategies (How) Information System Architecture Business Information Systems Technology Infrastructure Information Systems Essentials, Sixth Edition Business Information Systems • Various types of information systems that support the business functions in an organization • Types - TPS,MIS,EIS, GSS,GDSS, AI, ES,… • Business Functions - Accounting, Finance, Marketing, Production, Human Resource Management Business Information Systems Marketing Accounting BUSINESS INFORMATION SYSTEM Human R Resource Management Information Systems Essentials, Sixth Edition Finance Operation . Information Systems Essentials, Sixth Edition 1 1/25/2014 Business Information Systems • Functional Areas and Information Systems...
Words: 416 - Pages: 2
...opportunity to reduce storage costs and improve backup performance through integrated deduplication and archiving technology. (Symantec 3, 2010) Symantec Backup Exec was chosen due to Symantec’s reputation for producing quality products along with the outstanding technical support that the company provides. The Backup Exec software is one of the leading software packages available and includes some of the best features when compared to other backup and recovery software options. About Symantec “Symantec was founded in 1982 by visionary computer scientists. The company has evolved to become one of the world’s largest software companies with more than 18,500 employees in more than 50 countries. Symantec provides security, storage and systems management solutions to help their customers – from consumers and small businesses to the largest global organizations – secure and manage their information-driven world against more risks at more points, more completely and efficiently than any other company.” (Symantec 2, 2011) Specifications * Market leading data protection for physical and virtual server environments from desktop to servers * Integrated and adaptable deduplication * Unified archiving * First-to-market granular recovery for virtual applications * Patent-pending Granular Recovery Technology (GRT) recovers...
Words: 1333 - Pages: 6
