How can different sources of funds help a business achieve its financial objective? Businesses usually have five main financial objectives. They are efficiency, growth, solvency, liquidity and profitability. Sourcing different sources of funds and interdependence with other key business functions (operations, marketing and human resources) is the way that businesses achieve these goals. It is important that these funds match their needs, for example, short-term funds to match short-term goals.
This could be ensuring that all staff is using best practice and everyone is working in the same way. What impact would their be on the service provided by the business, with the change on working methods will the service offered to clients suffer or will it benefit the client. Failing to review the impact of change could lead to failing within a business. It is important when changes are being implemented with in a business that staff are fully trained and supported throughout. Most businesses would have a change manager who would implement the changes.
Managing is essential in this work environment as it establishes a foundation for my employees. The following proposal includes: a job description and qualifications, training program, methods for evaluating employee and team performance, challenges of a team performance evaluation, incentive and benefits package, strategies for managing employees’ career development, and a compensation plan. Although the outcome of these changes will not happen overnight, it will take hard work and dedication from all staff members to make sure these methods are implemented properly. The five new positions that will be implemented from hereon out are: Operations Manager, Purchasing Manager, Personnel, Customer Service Representative, and Stock Clerk. Job Descriptions and Qualifications Operation Manager: Responsible for providing effective direction and supervision for all store associates, purchasing manager, area managers and supervisors.
Week 5 Motivation Plan In today’s business world, each business organization has a diverse workforce and each worker has specific motivations and emotions. An effective manager understands the challenges involved in creating a workplace that combines the employees’ motivations, satisfactions, and performance into a cohesive and effective workforce. A manager must develop a plan encompassing the employees’ motivation, satisfaction, and performance. It is essential that this plan encompasses the managers’ and employees’ perceptions. This will help to ensure a positive outcome for the plan.
In this assignment, I have explained how the hardware replacement costs relates to the hardware replacement project and the project management. They are connected by the project and the five major variables which are quality, costs, time, scope, and risk. I have covered some things that a business needs to view when they are deciding the most effective project for their company that can influence a project's risk level and find ways to reduce the risk. Also I covered ways to supervise a project and explain it to all that is
Hold face-to-face meetings whenever possible. Ensure the WBS is as accurate as possible at all times. (TCO 8) You are the project manager of a large, virtual HR project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team?
They must inspire and motivate and they must ensure that the company operates effectively. Setting the ethical tone of the organization is a leadership role. The challenge for most managers is to spend enough time focusing on leadership functions without becoming totally consumed by the day-to-day operations of the team. There are six steps a manager can to take to lead ethically. (Hamm, B.A., (2003).
No matter the type of organizational setting, leaders and managers are needed to maintain the organization moving in the correct direction. In order to keep the organization moving forward, people need to lead and manage other people. Leaders focus on the external aspect of the organization when managers focus on the internal aspects. Leaders have to ensure that the organization is operating appropriately. Leaders spend most of their time collaborating and aligning the organizational goals with external agencies.
Why bother? Who Cares? 5. What ethical and fiversity issues are most often seen in hiring, training, and promotions? How do the decisions surrounding these keys areas effect the entire company.
* Question 1 2.5 out of 2.5 points | | | Quality of organizational achievements can be identified by measuring ____________.Answer | | | | | Selected Answer: | customer needs being met | | | | | * Question 2 0 out of 2.5 points | | | Gaining commitments from organizational members to achieve management's goal is __________:Answer | | | | | Selected Answer: | cooperating. | | | | | * Question 3 2.5 out of 2.5 points | | | Middle managers:Answer | | | | | Selected Answer: | develop objectives to implement top-management goals. | | | | | * Question 4 2.5 out of 2.5 points | | | Which of the following is not one of the business functions that are universal and apply to every type of business?Answer | | | | | Selected Answer: | power team training | | | | | * Question 5 2.5 out of 2.5 points | | | Management ____________ are the daily work activities, while management ____________ are their abilities, talents, or capabilities to perform the work.Answer | | | | | Selected Answer: | functions; skills | | | | | * Question 6 2.5 out of 2.5 points | | | Which of the following describes the role in which the manager is responsible for determining who in the work unit gets the resources, and how much each person gets?Answer | | | | | Selected Answer: | resource allocator | | | | | * Question 7 2.5 out of 2.5 points | | | An acceptable order or priority of the five primary management functions is ____________.Answer | | | | | Selected Answer: | planning, organizing, staffing, leading, controlling | | | | | * Question 8 2.5 out of 2.5 points | | | Which of the following is a part of controlling?Answer | | | | | Selected Answer: | measuring performance against standards | | |