Therefor they work hard to show best possible results. Good results lead to satisfied customers and even increase in customers. Franchising also allows franchisor to avoid employee related problems that can be pretty costly and stressful, as people are employed by the franchisee. 3. Administrative: Entering new market by franchising actually brings smaller central organizations, which means that there is more cost effective labour force, more effective recruitments, less papers and stress for the company.
Ensure information is up date and secured from a reputable source are the only ways you can be sure of its validity. Gathering raw data instead of correlated data can also prevent bias. Methods of collection are: * checking research provided by others * checking written material including referrals and client files * classification tools * individual research * information from other organisations * interviews with colleagues/customers * observation and listening * previous file records old information Outdated information gives misleading and in accurate facts which could have a huge impact on decision making. This information is only useful when looked at in conjunction with new facts and figures as part of a reflection process. It could have huge financial implications for businesses and presenting this misinformation to others could also mean damaging you reputation interpersonal skills Using interpersonal skills can be a very powerful method of collection especially in the workplace where it can help you to save time.
However there are changes that would have a small affect on the business. There are two areas that a business should look at when change happens. Impact on working methods and impact on the products and services offered and is the first thing that a business should look at to improve the quality. We have to review the impact on working methods. This could be ensuring that all staff is using best practice and everyone is working in the same way.
Advantages of using cash budget The advantages of using cash budget in our daily life or a business allows you to spend within your limits, forcing you not to overspent it and not incur debts (eHow,2013). The main purpose is to compel planning and allocations within the organization. Planning is a very important task for a company to excel. It forces every team’s managers to look ahead, plan ahead , anticipate what is the problems in long term run, and to help achieve the goals in the company. In order to achieve the organisation’s goals, budgets will have the strategic and tactical plans such as long term planning and advertisting or marketing.
The following strengths in the organizations structure can be attributed to this success. The company follows segregation of duties in the accounts and the finance department. The audit staff consists of well experienced and trained personnel. The CEO is aware of the importance of risk assessment procedures and is in the process of establishing of risk assessment team. The description shows adequate separation within the CBIS function such as systems analysis and programming are separate from data processing and control.
Teams have performance goals to achieve and member of the teams feel mutually accountable for achieving them. What is the definition of a team? A team is defined as a reasonably small group of people, who bring to the table a set of complementary and appropriate skills, and who hold themselves mutually accountable for achieving a clear and identifiable set of goals. Teams can be very effective. It is almost imposable to open a business magazine today without some guru exhorting the benefits of working in teams.
The IT allows us to process a greater level of work in a shorter period of time, which leads to business being more efficient and productive. When using IT for completing administrations tasks it allows us to correct and amend documents efficiently with no need to start the document from the scratch. It also allows us to change layout and look of document right away. One of the benefits of information technology is also the capability to store a large amount of information. Section 2 – Understand how to manage electronic and paper-based information 1.
The job design is about designing or re-designing a new job profile and setting the correct organizational structure. The job design is about using several theoretical approaches to bring the balance between creative and routine part of the job. The job design uses several techniques and they are quite known to the HR Professionals: 1. Exploration of tasks and the tasks are sorted, evaluated and optimized. 2.
Four function of Management MGT/330 December 18, 2011 Scott Coffman To fully understand the functions of management, management must be defined first. It gives you the opportunity to know all about the management of an organization. Management is using limited resources of a company to achieve their goals and to increase its productivity. A good manager will incorporate these goals by involving their employees and using these functions to guide their decisions. Management is the act of getting people together to acquire a desired goal.
These OSs are maintained by effective OM. For example, without strict planning and management, the two distributions could be a mess and unable to realize fast delivery. The information system help analyse the orders and standardized packing progress ensures the product safety. The whole order fulfilment operations are economical and efficient that minimize failure rick. This is the time when operations “make” a business.