Free Essay

Management 101

In: Business and Management

Submitted By fated2luv
Words 493
Pages 2
Week 3 (25 August) Tutorial: How does your life define “I”?

Reflecting on my life or whatever I have been through.
I don’t think I have much of a life but I am contented. So here goes...
I sat down for a talk with an insurance agent to do a short survey but in actual fact we both knew that the reason behind the survey was to try to convince me to buy an insurance policy from him. Halfway through the survey, he ask whether I had any financial goals that I hope to achieve and he was quite shocked to hear that I don’t have any financial goals in life. I was also shocked by the fact that he seemed so shocked over my answer. Are having financial goals a necessity in life? My logic is that having financial goals are not really that important if I have the virtue to save. As long as I save prudently, I can achieve any financial goals that I want, isn’t it?
My logic applies in my academic life too. During secondary school, teachers and friends would ask whether I would choose to go to college or to polytechnic after my ‘O’ levels. My answer would always be ‘I don’t know’ or ‘I haven’t thought of it’. Why should I give a thought on where I should go after my ‘O’ levels? As long as I do well in my ‘O’ levels, I would have the luxury of pondering that question and seeking out the many options that will be open to me if my results are good so shouldn’t I strive to study hard first and get the best results?
Definition of me: l realise I think and interpret things differently from most people but yet i am able to think like a normal person sometimes. Jeez. What am I talking about? I really have no idea how to define who I am.
So from my definition of myself, I guess I will be someone who will work hard for the present and refuse to let myself be distracted by whether my actions will bear fruit in the end. My self-confidence is justified on the grounds that I pride myself to have good judgement in whatever i am doing and if need be, i am willing to take risks to achieve my goals and i believe i have enough confidence to pull it off with a bang!
This definition may seem kind of out of place in this piece of work. It is just a sudden outburst from me after attending lectures whereby Mr David ask us to define the meaning of what an organisation entails.
Definition of an organisation: It is where a group of people with different talents work towards a common goal such as revenue maximisation while attempting to fulfil their individual goals of attaining an own sense of achievement and working experience.

Similar Documents

Premium Essay

Management 101

...Introduction Bill Hewlett and Dave Packard graduated in electrical engineering from Stanford University in 1935. The company established by Hewlett and Packard in Packard’s garage with an initial capital investment of US$538 during a fellowship in 1939. Hewlett Packard Company commonly referred as ‘HP’. HP product lines include personal computing devices, enterprise servers, related storage devices and diverse range of printers and imaging products. HP Company has been described as one of the most successful companies of the 20th Century. The reason why this company was so successful over such a long period of time may well lie in the management of its corporate culture ‘The HP Way’. The HP Way reflects the personal core values of Bill Hewlett and David Packard, and the translation of those values into a comprehensive set of operating practices, cultural norms, and business strategies (Collins, 2005). However, since the late 1990s, the company has been experiencing a new and different culture is emerging, ‘The New HP Way’. Today, many companies take the tenets of the HP way almost for granted but when first formulated, they were visionary. This report would briefly outline ‘The HP Way’ and ‘The New HP Way’ organisations which is a balance between profits for the owners and shareholders of the company and the rights, job security and working conditions of its employees. * Organisational Behaviour Effective communication & Leadership Behaviour The HP’s way of......

Words: 1732 - Pages: 7

Premium Essay

Management 101

...environment.’ Introduction Management is celebrated as one of the innovation whose impact is considered equalled to be one of the most changing technologies. Management is therefor said to be that body of thought that makes the organization work. Therefore management should be considered a long term goal, but due to the financial crisis, a new way of thinking have risen, organisations must adapt to short term goals to the ever changing environment. According to (Jackall 2010), developing effective management skills to deal with the challenges of the changing environment is needed for organisations to remain competitive in the world market. Proper practice of management skills should be considered for workers to help the organisations by being efficient and effective. This essay is to analyse the practice of management that has been practiced before and after regard to the change of the environment in the organisation, i.e. the global financial crisis. Proper practice of considerable management styles which have been used before and are known to affect the success or failure of an organisation will also be analysed. ‘A feature of an organizational and its management process is change’ (Kurt, 2004). Section 1: Management and organisation It is viewed that management is an act of getting work done through people. Management takes the planning and directing efforts of putting resources together to accomplish a task. Later in the 20th century, scientific management has been......

Words: 2848 - Pages: 12

Premium Essay

Management 101

...specific functions that they are expected to execute for smooth running of the organization. The first function is planning and it is the first and the most important function in management as all the other functions depend on it. If this function is not executed properly, the other functions which will be based on planning will fail. Planning involves developing action plans aimed at achieving certain organizational goals. For example if an organization intend to expand its market, it is the responsibility of the manager to come up with a plan on how the expansion will be done. The manager can come up with strategies such as aggressive marketing into the new markets, partnering with other distributors, setting a new outlet among others. All these are action plans that a manager can develop to ensure that the organizational goals are achieved. Organizing refers to the process of instituting measures to ensure that the set plans are put to action. The manager comes up with strategies on how the plan that he has developed is to be implemented. In this process, the different roles and tasks are determined and assigned to different employees for execution. These tasks are usually delegated with authority to ensure that the employees are able to make their decisions. Leading is the third function in management and involves coordination of the different activities that are implemented in order to achieve the set plans. The manager works in collaboration with the employees and......

Words: 612 - Pages: 3

Premium Essay

Management 101

...The Manufacturing Industry operates in many environments and depending on what needs to be manufactured typically has a great impact on where it will be manufactured. Automobile Manufacturers are an example of having interest in many different regions of the world. According to the Website http://www.worldometers.info/cars/(2009): which has a listing of 37 countries in which automobiles are listed as being manufactured in. Toyota in 2006 was considered the second largest automaker in the world, and according to the Website: www.toyoland.com/toyota/plants.html(2007): Toyota has 52 manufacturing facilities in 27 countries outside of Japan. Toyota President Katsuaki Watanabe, in his 2007 new year’s greeting, said that Toyota must implement thorough measures concerning quality and reinforce the foundations of manufacturing by implementing additional localization measures, including human resources development from a global perspective and further support for local affiliates to operate autonomously (Toyoland). Toyota has built plants around the world to avoid costly shipping of mass numbers of vehicles and avoid the troubles that accompany it. It also does a lot of its indirect production such as forging, die assemblies, and engines in China to lower labor costs. Working in so many different countries and allowing these plants to operate autonomously can cause issues because of countries different cultures, work ethics, and holiday schedules. Although Toyota has been operating...

Words: 309 - Pages: 2

Premium Essay

Management 101

...scope, create management structures and invest in research and development which allows them to stay ahead of the competition. Second Claims: Unrelated diversification leads to problems in the long run. Business ownership patterns have diminished the likelihood of many firms’ long term success. Claims: important to invest, be committed/ companies still ignore logic/ pursuing a wide mkt is key/ hard to enter a mkt when there’s already a 1st mover/ company succeed when it dvlps an economy of scale and scope Major Concepts Economies of scale: Doing things on a greater scale makes things cheaper. Economies of scope: Being able to make other things based on the knowledge and materials you have. Functional divisions: Example: Sales, Management, Accounting. Management Hierarchy: Levels of Management. Bosses, ect… First Movers: First to hire managers, to grow, move. Once a firm loses the opportunity to be a first mover, it is difficult to regain competitive advantage. * Confidently seize opportunities through major commitments * Constantly improve and aggressively compete * Manage logically and systematically * “Maintain and nourish their competitive capabilities” Research and Development: New technologies, improving quality, price/cost. Managerial enterprises: build large and efficient pdct capacity, compete aggressively and never let up, expand mktg and distribution, lower cost and improve quality Organization of......

Words: 3695 - Pages: 15

Premium Essay

Management 101

...There are many different types of forms of businesses in this world. People tend to choose a type of business off of what they feel or who they are working with. These forms are what guide someone into being successful or not. These forms are the most traditional ways of our economy. Throughout this paper I will be expressing each major form of business with their advantages and disadvantages. A sole proprietorship is defined as a structure of business organization that is simple to set up and allows you to have control over the business, which is ideal for small owner-operated businesses (Kimmel, Weygandt, & Keiso, 2009, p.4 ). The advantages are a sole proprietor has all the strength and decision-making power towards the company, everything can take place at the verdict of the sole proprietor owner, there are no corporate taxes, and to start a company legally is cheap to name a few. The disadvantage of a sole proprietor business is what can change the mind of a few when it comes to starting one. They are liable for all debts towards the company. Partnership is used a lot through many businesses. A partnership is formed between two or more people to invest and run a business smoothly. Advantages to name a few are Partnerships are relatively easy to establish, cost-effective as each partner specializes in certain aspects of their business, and may benefit from the combination of complementary skills of two or more people as in more knowledge, skills and contacts. The......

Words: 464 - Pages: 2

Premium Essay

Management 101

...Kristian Kenn D Limsipson BSBA-BM 1A PRINCIPLES OF MANAGEMENT Management in businesses and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. Management is the act or skill of controlling and making decisions about a business. Management is the way of something is handled, careful treatment, supervising skills, or those in charge of a business or a group. Manager a person who controls the activities, business dealings and other aspects of the career of an entertaines. Manager is a person responsible for supervising and motivating people. *What are the task, roles, skills of the manager* Management Task #1: Coaching One of the most important management task is coaching. Managers must be the persons who will show to their subordinate or team members the right direction where the organization will need to go. They are simply instructors and trainers. Management Task #3: Change Agent The whole change process must be planned and managed if you want to bring desired results. Managers in the same time must ensure that the company will continue with the current level of success and prepare to implement change that will bring future success. Management Task #4: Forecasting the Future Forecasting is another managerial task that will provide a picture of how the future will look like from......

Words: 781 - Pages: 4

Premium Essay

Phillu U Management 101

...CA1-1: * 1. GAAP is the term used to indicate the whole body of FASB authoritative literature. TRUE * * 2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements. False, when a company is compliant with GAAP they must follow all aspects of the GAAP. * * 3. The primary governmental body that has influence over the FASB is the SEC. TRUE * 4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard. FALSE, the FASB has a board and allows one to make their views known. CA1-3 1. D 2. D 3. C 4. A 5. A 6. A 7. C 8. A E2-5 1. Liabilities 2. Expenses 3. Equity 4. Distributions to Owners 5. Expenses 6. Assets 7. Revenues 8. Comprehensive Income 9. Losses 10. Gains 11. Investments by Owners 12. Revenues E2-7 * (a) Fair value changes are not recognized in the accounting records. Fair value principle * * (b) Financial information is presented so that investors will not be misled. Full disclosure principle * (c) Intangible assets are capitalized and amortized over periods benefited. * (d) Repair tools are expensed when purchased. Expense recognition principle * (e) Agricultural companies use fair value for purposes of valuing crops. Going......

Words: 338 - Pages: 2

Free Essay

Inft 101 Time Management List

...Time Management: Lists Time is a wonderful gift from God. While we do not know how many years we will be granted here on Earth, we do know that everyone has the same 24 hours each day, with 168 hours each week. The busiest person utilizes the same amount of time each day as the least accomplished person who only manages to spend the day on the couch, watching TV or playing computer games! What does your current use of time indicate about you? This activity will help you see how much time you truly have left to “manage” once you determine what time you currently have committed to your daily activities and tasks. Complete the chart provided below to see where you stand now. Simply type in the hours spent on each activity and total up each column. | Mon. | Tues. | Wed. | Thurs. | Fri. | Sat. | Sun. | Weekly Total | Commuting | 1hour | 1hour | 1hour | 1hour | 1hour | 1hour | 1hour | 7hours | Work | 12hours | 12hours | 12hours | 12hours | 12hours | 4hours | 4hours | 60hours | Eating | 1hour | 1hour | 1hour | 1hour | 1hour | 2hour | 2hours | 14hours | Exercise | 1hours | 1hours | 1hours | 1hours | 1hours | 1hours | 1hours | 7hours | Home chores | 1hour | 1hour | 1hour | 1hour | 1hour | 3hours | 3hours | 11hours | Family time | 1hour | 1hour | 1hour | 1hour | 1hour | 1hour | 1hours | 7hours | Social time | 1hour | 1hour | 1hour | 1hour | 1hour | 1hour | 1hour | 7hours | Volunteering | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Worship | 0 | 0 | 0 | 0 | 0 | 0 | 2hours |...

Words: 590 - Pages: 3

Premium Essay

Didjdj

...Information Management 資訊管理個案 E-commerce: Digital Markets, Digital Goods 1. Facebook, 2. Amazon vs. Walmart (Chap. 10) 1011CSIM4B10 TLMXB4B Thu 8, 9, 10 (15:10-18:00) B508 Min-Yuh Day 戴敏育 Assistant Professor 專任助理教授 Dept. of Information Management, Tamkang University 淡江大學 資訊管理學系 http://mail. tku.edu.tw/myday/ 2012-11-29 1 課程大綱 (Syllabus) 週次 日期 內容(Subject/Topics) 1 101/09/13 Introduction to Case Study for Information Management 2 101/09/20 Information Systems in Global Business: 1. UPS, 2. The National Bank of Kuwait (Chap. 1) 3 101/09/27 Global E-Business and Collaboration: NTUC Income (Chap. 2) 4 101/10/04 Information Systems, Organization, and Strategy: Soundbuzz (Chap. 3) 5 101/10/11 IT Infrastructure and Emerging Technologies: Salesforce.com (Chap. 5) 6 101/10/18 Foundations of Business Intelligence: Lego (Chap. 6) 2 課程大綱 (Syllabus) 週次 日期 內容(Subject/Topics) 7 101/10/25 Telecommunications, the Internet, and Wireless Technology: Google, Apple, and Microsoft (Chap. 7) 8 101/11/01 Securing Information System: 1. Facebook, 2. European Network and Information Security Agency (ENISA) (Chap. 8) 9 101/11/08 Midterm Report (期中報告) 10 101/11/15 期中考試週 11 101/11/22 Enterprise Application: Border States Industries Inc. (BSE) (Chap. 9) 12 101/11/29 E-commerce: 1. Facebook, 2. Amazon vs. Walmart (Chap. 10) 3 課程大綱 (Syllabus) 週次 日期 內容(Subject/Topics) 13 101/12/06 Knowledge Management: Tata Consulting Services (Chap. 11) 14 101/12/13 Enhancing Decision Making: CompStat (Chap. 12) 15......

Words: 1288 - Pages: 6

Premium Essay

Chf Assessment

...College of Economics and Management 85 COLLEGE OF ECONOMICS AND MANAGEMENT Libornio S. Cabanilla, Dean Jose V. Camacho, Jr., Associate Dean Agnes T. Banzon, College Secretary Reynaldo L. Tan, Chair, Dept. of Agribusiness Management Cesar B. Quicoy, Chair, Dept. of Agricultural Economics Amelia L. Bello, Chair, Dept. of Economics The College of Economics and Management (CEM) was formally created in the 996th UP-BOR meeting, February 1987. However, the College traces its roots to the Institute of Agricultural Development and Administration (IADA)which was established in 1975, with three departments – Agricultural Economics (DAE), Economics (DE), and Management (DM), and was elevated to the College of Economics and Management from the merger of IADA with the Agricultural Credit and Cooperative Studies and the Agrarian Reform Institute in 1978. At present, CEM is composed of three departments – the Department of Agricultural Economics, the Department of Economics and the Department of Agribusiness Management. The college sees itself as a center of excellence in undergraduate and graduate instruction, research and extension in economics, agricultural and applied economics, and agribusiness management in Asia. It envisions to be an institution of higher learning that can serve as an active catalyst for economic and social transformation. Its two-fold mission is to produce graduates and future leaders with strong training in economics, agricultural and applied economics, and in......

Words: 4255 - Pages: 18

Free Essay

Hola

...and dimensional gauging. Prerequisite: A grade of "C" or better in ELEC 101, 102, and 121; or concurrent enrollment in ELEC 101, 102, and 121; or consent of Instructional Unit. BASIC HYDRAULICS MTX 105 Fall 2 Credits 11 hours of lecture - 22 hours of lab Fundamentals of hydraulics. Topics include hydraulic power systems, hydraulic circuits, principles of hydraulic pressure and flow and various types of hydraulic valves. Prerequisite: A grade of "C" or better in ELEC 101, 102, and 121; or concurrent enrollment in ELEC 101, 102, and 121; or consent of Instructional Unit. BASIC PNEUMATICS MTX 107 Fall 2 Credits 11 hours of lecture - 22 hours of lab Fundamentals of pneumatics. Topics include pneumatic power systems, basic pneumatic circuits principles of pneumatic pressure and flow and pneumatic speed control. Prerequisite: A grade of "C" or better in ELEC 101, 102, and 121; or concurrent enrollment in ELEC 101, 102, and 121; or consent of Instructional Unit. ELECTRIC MOTOR CONTROL 1 MTX 110 Fall 4 Credits 22 hours of lecture - 44 hours of lab Fundamentals of electric motor control. Topics include electrical safety, control transformers, overload protection, ladder logic, control relays, electronic sensors, and other topics related to the fundamental operation of electronic motor control. Prerequisite: A grade of "C" or better in ELEC 101, 102, and 121; or concurrent enrollment in ELEC 101, 102, and 121; or consent of Instructional Unit. ELECTRICAL POWER......

Words: 2156 - Pages: 9

Premium Essay

Business Plan

...Stardom 101 Magazines Business Plan Table Summary 1.0 Executive Summary 1.1 Objectives 1.2 Mission 1.3 Keys to Success 2.0 Start-up Summary 2.1 Company Ownership 2.2 Meet the Team players 2.3 Company Locations and Facilities 3.0 Products 4.0 Market Analysis Summary 5.0 Strategy and Implementation Summary 5.1 Marketing Strategy 5.2 Distribution Strategy 5.3 Strategic Alliances 5.4 Promotion Strategy 5.5 Pricing Strategy 5.6 Sales Strategy 5.7 Sales Forecast 5.8 Milestones 6.0 Management Summary 6.1 Management Team 6.2 Personnel Plan 7.0 Financial Plan 8.0 Important Assumptions 1.0 Executive Summary Stardom 101 Magazine are an entertainment publication that provides quarterly marketing, internet promotions, newsstand distribution and P and R to our clients. Our clients include journalists, photographers, fashion designers, music entertainers, corporations, trademark brands, athletes and sports writers.     In addition, Stardom 101 Magazine will market books via direct marketing and through established artist distribution channels. The direct marketing of Stardom books will be implemented through its magazine readership base. Publishing is a high profit and high margin business. The key to success is successful marketing. The Stardom 101 Magazine has a highly focused multi-dimensional sales and marketing plan to build its total circulation......

Words: 2676 - Pages: 11

Free Essay

Merton Truck Company Case

...optimal solution. The optimal product mix was calculated to be 2000 units of model 101 and 1000 units of model 102. In the next pages you will see the answers to the different questions asked which shows how different alternatives and interpretations could affect the optimal solution and the final decision. Recommendations and conclusion: We recommend that Merton Truck Company adopt the suggest solutions in our analysis in order to achieve better financial results and impose new policies later on to avoid such setbacks in the future. Following our recommendations, the firm should be able to maximize the profits using the optimal product mix. Model Description The Problem Merton Truck Company is not optimizing contribution from its truck lines especially model 101. The company is contemplating stopping the production of model 101 trucks. Management is in a dilemma on what approach to take in resolving this problem. In addition, two of its production lines are operating at capacity while the other two are operating below capacity. The Solution Approach Our analysis was done using mathematical models and linear programming. The aim of the analysis was to maximize contribution and allocate truck production in an optimal manner. The mathematical models consist of variables, constraints and an objective function. Variables The problem has only two main variables namely number of truck model 101 and 102 to produce. A third variable in respect of the proposed model......

Words: 1741 - Pages: 7

Premium Essay

Sdsdasdadadasdadaasd

...Because of her good work, she was elected an honorary member of the board of directors. b. CPA Darcy Wolfe practices management consulting in the area of computerized information systems under the firm name of Wolfe & Associates. The “associates” are not CPAs and the firm is not an accounting firm. However, Wolfe shows “CPA” on business cards and uses these credentials when dealing with clients. c. CPA Alex Goodwin performs significant day- to- day bookkeeping services for Harper Corporation and supervises the work of the one part- time bookkeeper employed by Ha-ley Harper. This year, Harper wants to engage CPA Goodwin to perform an audit. d. CPA H. Poirot bought a home in 1989 and financed it with a mortgage loan from Far-raway Savings and Loan. Farraway was merged into Nearby S& L, and Poirot became the manager in charge of the Nearby audit. e. Poirot inherited a large sum of money from old Mr. Giraud in 2000. Poirot sold his house, paid off the loan to Nearby S& L, and purchased a much larger estate. Nearby S& L provided the financing. f. Poirot and Mala Lemon (a local real estate broker) formed a partnership to develop apartment buildings. Lemon is a 20 percent owner and managing partner. Poirot and three partners in the accounting firm are limited partners. They own the remaining 80 percent of the partnership but have no voice in everyday management. Lemon obtained permanent real estate financing from Nearby S& L. g. Lemon won the lottery and purchased part of the......

Words: 928 - Pages: 4