...outs, and tips on each of these steps MGT 11: PRINCIPLES OF MANAGEMENT AND ORGANIZATION MS. MAYBELLE ANN S. LOPEZ 2 ND SEMESTER 2014-2015 • Be able to practice these steps on a simple case MGT11: Principles of Management and Organization M.A. Lopez A CASE is a narrative of an actual, or realistic, problem that typically portrays policy makers confronted with the need to make a decision. There is too little information. THE REMEDY Use your experience and common sense. At some point, make up your mind. MGT11: Principles of Management and Organization M.A. Lopez MGT11: Principles of Management and Organization M.A. Lopez THE REMEDY Focus on what is important to the problem at hand. There is too much information. There is no right answer. THE REMEDY Make up your mind and be prepared to defend your opinion, but keep an open mind. MGT11: Principles of Management and Organization M.A. Lopez MGT11: Principles of Management and Organization M.A. Lopez 1 12/5/2014 Read the case Analyze the Case MGT11: Principles of Management and Organization M.A. Lopez MGT11: Principles of Management and Organization M.A. Lopez Statement of the Problem Prepare Your Presentation (Written or Oral) Objectives SWOT Analysis Alternative Courses of Action Recommendation MGT11: Principles of Management and Organization M.A. Lopez MGT11: Principles of Management and Organization M.A. Lopez Statement of the Problem A PROBLEM is an undesirable...
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...PESTLE Analysis Strategy Skills Team FME www.free-management-ebooks.com ISBN 978-1-62620-998-5 Copyright Notice © www.free-management-ebooks.com 2013. All Rights Reserved ISBN 978-1-62620-998-5 The material contained within this electronic publication is protected under International and Federal Copyright Laws and treaties, and as such any unauthorized reprint or use of this material is strictly prohibited. You may not copy, forward, or transfer this publication or any part of it, whether in electronic or printed form, to another person, or entity. Reproduction or translation of any part of this work without the permission of the copyright holder is against the law. Your downloading and use of this eBook requires, and is an indication of, your complete acceptance of these ‘Terms of Use.’ You do not have any right to resell or give away part, or the whole, of this eBook. PESTLE Analysis Table of Contents Preface 2 Visit Our Website 3 Introduction 4 PESTLE Analysis 6 PESTLE Factors 10 Political Factors 12 Economic Factors 13 Social Factors 15 Technological Factors 16 Legal Factors 18 Environmental Factors 20 Summary 22 Other Free Resources 23 References 24 ISBN 978-1-62620-998-5 © www.free-management-ebooks.com 1 PESTLE Analysis Preface The PESTLE Analysis is a useful method to use in order to identify the external factors that influence...
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...Human Resource Management Review 18 (2008) 87–99 Contents lists available at ScienceDirect Human Resource Management Review j o u r n a l h o m e p a g e : w w w. e l s ev i e r. c o m / l o c a t e / h u m r e s Job analysis for a changing workplace Parbudyal Singh ⁎,1 School of Administrative Studies, York University, 4700 Keele Street, Toronto, Ontario, Canada M3J 1P3 a r t i c l e i n f o a b s t r a c t Job analysis sits at the heart of all human resource practices, making it a critically important management activity in every organization. However, with increasing competition, shorter product life-cycles, rapid technological innovations, and the changing nature of organizational structures, its underlying assumptions are becoming increasingly questionable in today's dynamic work environment. Moreover, the methods used by traditional job analysis are simply not applicable to many new and emerging jobs and some authors feel it may even be an obstacle to organizational success. This has led to calls for a more proactive and strategic approach to job analysis so that the procedures will continue to be relevant. In this article, I emphasize the need for a strategic approach to job analysis, present a strategic job analysis framework, and discuss implications for organizations. © 2008 Elsevier Inc. All rights reserved. Keywords: Strategic job analysis Job analysis Changing workplace Competency modelling 1. Introduction Job analysis may be viewed as...
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...Significance of Management Accounting Techniques in Decision-making: An Empirical Study on Manufacturing Organizations in Bangladesh Farjana Yeshmin* and Md. Amran Hossan** Management accounting is concerned with gathering and reporting internal financial information to facilitate decision-making process. As management accounting is not required to conform to national accounting standards, it allows business to customize the management accounting techniques as per demand of company. As a process of this customization, some advanced quantitative as well as number of qualitative techniques accompany with the traditional techniques, have been emerged to cater the information need in decision making. This study attempts to measure the significance of management accounting techniques in decision making of the selected manufacturing organizations in Bangladesh. In doing so, a total of 74 manufacturing organizations have been surveyed with a structured questionnaire by using 5 point Likert Scale measurement from different categories of manufacturing organizations. Findings reveal that cash flow statement analysis, ratio analysis, budgetary control, CVP analysis, variance analysis and fund flow analysis have been frequently high-ranking techniques. Secondly, the authors have recognized five factors to calculate the variability in decision-making with the help of rotated component matrix which shows that 75.125 % of the total variability has found in the usage of management accounting techniques...
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...Business600: Strategic Management Process Literature Review Keyona Henderson Liberty University July 04, 2014 Strategic Management Process Introduction The strategic management process is more than just simple rules. It is a rational approach used in businesses. It starts with management thinking strategically, then applying steps and thought to a process. This process should be understood by everyone in the business. Although it starts with upper management, it should be implemented throughout the entire business and everyone should be included. According to Popescu, in the International Conference on Management and Industrial Engineering “The process of strategic management consists of an ongoing analysis, decisions, and actions activities to create and sustain competitive advantages in order to obtain desired competitive position and achieve strategic objectives”(Popescu,2013). This process is not one simple step and can be complex. It is not a onetime occurrence and can happen multiple times. The ongoing analysis, decisions, and actions that are performed should include all people involved. Everyone should be on the same page throughout the strategic management process. Goal Setting It is important for any business to set goals. Goals give businesses a purpose. It helps to organize the direction in which a business should take. Businesses should always have goals and let the goals be clear. Goals should be clear to both managers and employees. Short term and...
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...1.0 WHAT ARE THE ELEMENTS OF STRATEGIC MANAGEMENT? Strategic management consists of the analyses, decisions and actions an organization undertakes in order to create and sustain competitive advantages. The strategic management process is made up of four elements: situation analysis, strategy formulation, strategy implementation, and strategy evaluation. These elements are steps that are performed, in order, when developing a new strategic management plan. Situation Analysis The situation analysis provides the information necessary to create a company mission statement. Situation analysis involves "scanning and evaluating the organizational context, the external environment, and the organizational environment" (Coulter, 2005). This analysis can be performed using several techniques. Observation and communication are two very effective methods. To begin this process, organizations should observe the internal company environment. This includes employee interaction with other employees, employee interaction with management, manager interaction with other managers, and management interaction with shareholders. In addition, discussions, interviews, and surveys can be used to analyse the internal environment. Organizations also need to analyse the external environment. This would include customers, suppliers, creditors, and competitors. Several questions can be asked which may help analyse the external environment. It examines the company’s relationship with its customers and...
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...Journal of Diversity Management – Second Quarter 2010 Volume 5, Number 2 Impact Of Job Analysis On Job Performance: Analysis Of A Hypothesized Model Rehman Safdar, Pakistan Electronic Media Regulatory Authority (PEMRA), Pakistan Ajmal Waheed, Quaid-e-Azam University, Pakistan Khattak Hamid Rafiq, National University of Modern Languages, Pakistan ABSTRACT Researchers have developed a relationship between HRM practices and organizational performance, but the relationship between HRM practice like job analysis – employee Job performance remains unexplored. This paper, based on a study of employees of Pakistan Public sector regulatory authorities of telecommunication, oil and gas, power, media, security exchange, banking sector and organizations being regulated by these authorities is an attempt to develop and test a hypothesized model linking HR importance of job analysis with employee job performance. Survey results of 568 employees indicated that practice of job analysis was strongly related to employee job performance. The findings suggest that an organisation-wide policy of job analysis is an important source of competitive advantage in its own right, and requires due attention of HR professionals. The study extends the findings of the HR–employee job performance research pursued in Western countries to a non-Western context. Keywords: Human resource management; HR practices in regulatory authorities; HR-performance linkage; Job analysis; Job performance; Job satisfaction;...
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...businesses with investment management focus in diverse sectors (securities and capital markets, communities’ development and management, manufacturing, Trading, and oil and Gas) with a commitment to contribute to the economy of the country. A highly dynamic, growth oriented, federated organization where daily changes in business interests, processes and key personal is a business norm. Internal regulatory requirements are the presentation of quarterly enterprise performance reports to the shareholders for a portfolio of 5 holding companies, where each holding has several operating companies, investments and joint ventures. A second requirement is the development of monthly performance reports to the boards of the 5 Holdings where strategic decisions are based. External requirements are mainly the exchange of data with financial institutions and prospect partners as needed. A business challenge in aggregating data from diverse systems, highly manual processes and shortage in skilled resources, slow adoption of business processes automation, and minimal internal analysis due to excessive time needed to produce consolidated reports. Budgeting and distribution of capital is managed centrally. Due to the nature of the shareholders, financial information security is fundamental in any process. Industry Trends 1. Enterprises are widely adopting Enterprise performance management systems with focus on planning, budgeting and forecasting; management reporting; and financial...
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...HIPAA Security Standards: Guidance on Risk Analysis Introduction The Office for Civil Rights (OCR) is responsible for issuing annual guidance on the provisions in the HIPAA Security Rule.1 (45 C.F.R. §§ 164.302 – 318.) This series of guidances will assist organizations2 in identifying and implementing the most effective and appropriate administrative, physical, and technical safeguards to secure electronic protected health information (e-PHI). The guidance materials will be developed with input from stakeholders and the public, and will be updated as appropriate. We begin the series with the risk analysis requirement in § 164.308(a)(1)(ii)(A). Conducting a risk analysis is the first step in identifying and implementing safeguards that comply with and carry out the standards and implementation specifications in the Security Rule. Therefore, a risk analysis is foundational, and must be understood in detail before OCR can issue meaningful guidance that specifically addresses safeguards and technologies that will best protect electronic health information. The guidance is not intended to provide a one-size-fits-all blueprint for compliance with the risk analysis requirement. Rather, it clarifies the expectations of the Department for organizations working to meet these requirements.3 An organization should determine the most appropriate way to achieve compliance, taking into account the characteristics of the organization and its environment. We note that some of...
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...BM703: MASTER OF BUSINESS ADMINISTRATION HRM730: HUMAN RESOURCE MANAGEMENT INDIVIDUAL ASSIGNMENT JOB ANALYSIS USES AND ITS IMPACT ON EFFECTIVE HUMAN RESOURCE MANAGEMENT AT THE WORKPLACE Table of Contents 1.0 Introduction 3 1.1 Job Analysis 3 1.2 Job Description 4 2.0 Job Analysis Uses 5 2.1 To Gather Information 5 2.2 Recruitment and Selection 5 2.3 To Enhance Communication 5 2.4 To Accommodate Change 6 2.5 Performance Review 6 3.0 Job Analysis Impact 7 References 9 Job Analysis Uses and Its Impact on Effective Human Resource Management at the Workplace 1.0 Introduction Organizations must have a systematic way in determining which employees are the most suitable to accomplish the task of functions given by the employer (Ivancevich & Konopaske, 2013). Most of the Human Resource specialist does not know about the details of the jobs in an organization. In order to provide a good vision to the future employees, knowledge and requirements of the jobs can be collected through a process called job analysis (Rehman, 2009). 1.1 Job Analysis Rehman (2009) defined job analysis as a descriptive process of breaking down a specific job into several components by using different types of tools and techniques to establish job requirements. The information obtained will then be organised and evaluated in order to prepare a job description and job evaluation. The job analysis should include information such as the purpose of the job, the nature of the job...
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...Organization and management analysis HCS 514 Feb. 2015 Dr. Lisa Keener Organization and management analysis Organizational and management analysis are two crucial part of an organizational setting to overcome inefficiencies and identifying problems. In today’s world, characteristics of an organization like teamwork, information technology boundaries, and delegation in working environment shows impact on the effectiveness of organization and management. It affects the organization in terms of cost reduction, improved employee satisfaction, decrease in environmental waste, and also an increase in overall productivity (Liebler & McConnell, 2012). This paper includes a description of various organizational theories and compares management styles. It also comprises which organizational theory and management style resembles the most to my organization. Also, this paper includes an explanation for what could be changed to make my organization better. Organization and management analysis helps organizations in productivity improvement. Introduction Organizational analysis is the process of reviewing the work environment, development, personnel and operation of a business or other type of association related to an organization. Organizational analysis helps management in the identification of problems and inadequacies present in the company, and also find out the way to deal with them. Likewise, management analysis recommends techniques to improve an organization’s productivity...
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...What is a job analysis? A job analysis figures out what a person does in there line of work. It unveils the Knowledge, Skills and Abilities required to perform their job successfully. Job analysis gives purpose and outcome to the job. It defines the job role in relation to other jobs in the organization. Through job analysis you obtain all necessary job data in the organization. Job analysis is a process of job data collection through one or multiple methods. One method is continuous observation which is done over a given period of time. A trained analyst observes a worker and records what the worker is doing, how they do it and how long it takes. There is also work sampling which is a form of observation. This constitutes of observing randomly over a short period of time. Work sampling is appropriate for more routine and repetitive jobs like an assembly line. Keeping an employee diary is another form of observation. This is when a worker observes their own performance by logging their job duties, how frequent they are performed and how long each duty takes. This method yields a lot of useful information but employees don’t normally like it because they feel it takes time away from their actual job duties. For jobs that are more difficult to define there is the interview method. Interviews can be done individually or in a group usually using a standardized interview form to record the information gathered. Interview methods can be somewhat time consuming but if...
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...Running Head: MEMORANDUM Real Option Analysis Memorandum To: CEO From: ABC Date: June 5, 2010 Sub.: Real Option Analysis Introduction In the current competitive and dynamic business environment, it is necessary for an organization to consider all the aspects before making an investment decision in a venture. It is also essential for the management of an organization to perform the analysis of operational facilities and financial facilities in a country. It helps the management to make an effective decision in invest in a venture to expand its business operation. The analysis also helps to reduce some risk that may affect the business operation. Venture The management of the organization is seeking towards facilitating its business in a new uncharted territory. The new venture may be the expansion of current product line or a new product or service. The management of the company is seeking to adjust with the growing demand in Brazil by building a new Caterpillar factory in it. The company doesn’t have information about the operational, financial and capital position in Brazil that may cause an increase in the uncertainties for the business. The organization has a leading position that will be effective tom provide unique advantages to it that is not available for the rivals maintaining purely domestic operations. In the new venture, the management may shift its value chain activities across its operation networks to eliminate the impact of...
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...include groceries, essentials, meats, vegetables, fruits, bakery, dairy, household, toiletries and home-ware such as linen, books, stationery, pharmacy and beauty counters at selected outlets. The company has been in operation for last 20 years and they are focusing to provide best quality product and services to the customers. Currently they have 45 supermarkets in Sri Lanka and rapid expansion plans are underway to earn more profit and to have more customer base island wide. To that the management have to have proper effective strategies. In Sri Lanka upper markets are mainly accounted in the order of priority, quality, range of products, price, location, environment, parking and customer service etc. To achieve these objectives, the management should have proper knowledge about the Strategic HRM. This case is a small attempt to analyze the island’s largest private employer brought into light a few concrete conclusions about the company regarding its strategic human resource management. QUESTION 01 What do you mean by “competitive Advantage” explain as to hoe you formulate HR Strategies enabling to get such advantages in the competition in the super market business? Competitive advantage is an advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. Competitive advantages give a company an edge over its rivals and an ability to generate greater value for...
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...1 Strategic Management Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of internal and external environments in which the organization competes. The Process of Strategic management The process of strategic management are 1. Environmental analysis 2. Formulation analysis 3. Implementation 4. Evaluation Environmental Analysis Environmental analysis is the main stage for gaining information and data to grow business. We analyze internal and external data influencing goal and get relevant vision for organization. By doing analysis, we can know who is our organization’ competitor. We can use the PESTEL analysis and SWOT analysis as a tool. We can focus on understanding the need of the organization and get more idea to run the business. Formulation After completing analysis, the information and data is reviewed by strategy formulation. For reaching defined goal and objective, we determine what resources has currently in business. After accomplishing analysis, managers formulate corporate, business and functional strategy. Formulation set policies, task, strategic planning. SWOT analysis is identified to improve weakness, to overcome strength, to get the way for organization from strength and weakness. Implementation Strategy implementation is the action stage of the strategy management process. Designing...
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