Question

Management thought and process seem to be losing the magnetic touch and source of competitive success...

Management thought and process seem to be losing the magnetic touch and source of competitive success it once had. Discuss either the pros or cons

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

PROS OF MANAGEMENT:

1) ACHIEVE GROUP GOALS:- MANAGEMENT CAN COMBINE THE FACTOR OF PRODUCTION AND THE RESOURCES IN  AN EFFECTIVE MANNER TO ACHIEVES THE GROUP  GOALS.

2) DEFINES ORGANISATION OBJECTIVES:- MANAGEMENT REDUCES THE WASTE OF TIME, MONEY AND EFFORTS AND CLEARLY DEFINES THE GOALS OF ORGANISATION.

3) PROPER UTILIZATION  OF RESOURCES:-PROPER USAGE OF PHYSICAL AND HUMAN RESOURCES CAN DE DONE BY MANAGEMENT.

4)REDUCING COST:- PROPER AND EFFECTIVE MANAGEMENT REDUCES THE COST OF ORGANISATION AND LEAD TO HIGH PROFIT MARGINS.

5) SMOOTH FUNCTIONING OF BUSINESS:- WITH PROPER MANAGEMENT ORGANISATION  CAN WORK MORE SMOOTHLY AND THERE WILL BE LESS CONFLICTS AMONG  EMPLOYEES. THEY WILL KNOW WHAT THEY HAVE TO DO.  THE TARGETS WILL BE EASILY ACHIEVED.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
By 1997, Como had achieved partial success in implementing project management. Lead times were reduced by...
By 1997, Como had achieved partial success in implementing project management. Lead times were reduced by 10 percent rather than the target of 25 to 35 percent. Internal resources were reduced by only 5 percent. The reduction in prototype time and cost was 15 percent rather than the expected 30 to 35 percent. Como’s automotive customers were not pleased with the slow progress and relatively immature performance of the company’s’ project management system. Change was taking place, but not fast...
By 1997, Como had achieved partial success in implementing project management. Lead times were reduced by...
By 1997, Como had achieved partial success in implementing project management. Lead times were reduced by 10 percent rather than the target of 25 to 35 percent. Internal resources were reduced by only 5 percent. The reduction in prototype time and cost was 15 percent rather than the expected 30 to 35 percent. Como’s automotive customers were not pleased with the slow progress and relatively immature performance of the company’s’ project management system. Change was taking place, but not fast...
1. Read the case study and draw a process map for the Pit-stop processes. 2. Discuss...
1. Read the case study and draw a process map for the Pit-stop processes. 2. Discuss why organisations should follow the path of the F1 pit crew to improve their process management in their organisations. 3. Discuss how can this Pit-stop process be improved The Fl Pit Stop can be the difference between being first or second on the podium, the difference of winning and losing a season long title, or in fact completing or being out of a race....
:  Infiniti decided to use Formula One car racing (F1) sponsorship to increase their brand awareness.  Top management...
:  Infiniti decided to use Formula One car racing (F1) sponsorship to increase their brand awareness.  Top management at Infinity knew upfront that increasing market share in a global market would not be easy, especially in a highly competitive market segment such as luxury cars.  Infiniti decided to embark on an aggressive global growth strategy driven by new products, market expansion and a globally consistent brand image.  It created a marketing strategy aimed to improve awareness of the brand and highlight the superiority of...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight the importance of the complexity of supply chain management, marketing and business planning and in order to address the regulatory environment to ensure compliance in exporting and importing goods across the border, careful consideration must be given to what type of goods are being exported, which regulatory agencies must be consulted and what is needed to ensure safe and efficient border clearance. The implication...
Item 1 In the case below, the original source material is given along with a sample...
Item 1 In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button. Original Source Material Student Version But what are reasonable outcomes of the influence of global processes on education?While the question of how global processes influence all aspects of education (and who controls these forces) is multidimensional and not completely testable, there appear to be some theories of globalization as it...
Marginal Cost—Booz, Allen & Hamilton Booz, Allen & Hamilton Inc. is a large management consulting firm.*...
Marginal Cost—Booz, Allen & Hamilton Booz, Allen & Hamilton Inc. is a large management consulting firm.* One service it provides to client companies is profitability studies showing ways in which the client can increase profit levels. The client company requesting the analysis presented in this case is a large producer of staple food. The company buys from farmers and then processes the food in its mills, resulting in a finished product. The company sells some food at retail under its...
Item 1 In the case below, the original source material is given along with a sample...
Item 1 In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button. Original Source Material Student Version In contrast to the transmittal model illustrated by the classroom lecture-note taking scenario, the constructivist model places students at the center of the process--actively participating in thinking and discussing ideas while making meaning for themselves. And the professor, instead of being the "sage on the...
Internal and External Linkages, Strategic Cost Management Maxwell Company produces a variety of kitchen appliances, including...
Internal and External Linkages, Strategic Cost Management Maxwell Company produces a variety of kitchen appliances, including cooking ranges and dishwashers. Over the past several years, competition has intensified. In order to maintain—and perhaps increase—its market share, Maxwell’s management decided that the overall quality of its products had to be increased. Furthermore, costs needed to be reduced so that the selling prices of its products could be reduced. After some investigation, Maxwell concluded that many of its problems could be traced...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer was Ford Motor Company. Como had a reputation for delivering a quality product. During the 1980s and the early 1990s, Como’s business grew because of its commitment to quality. Emphasis was on manufacturing operations, and few attempts were made to use project management. All work was controlled by line managers who, more often than not, were overburdened with work. The culture at Como underwent...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT