22Sep 2018 by Reese Bannister

Social Responsibility of Management to Protect and Enhance the Society

Industry
Social responsibility involves a set of obligations on the part of management to protect and enhance the society in which it functions. This means first that the social responsibility is an “obligation” for which the business should be held accountable. Image Source: 9cbcca1e6f9e03544a02-539d006b7d1ab88a7f6e8d03decc893c.r44.cf2.rackcdn.comSecond, it is the responsibility of business to protect the society welfare in terms of not polluting the environment, producing safe and quality products, not discriminating, not deceptively advertising and so on. ADVERTISEMENTS: Finally, it must enhance the society’s welfare by creating positive benefits for society such as supporting charitable causes, culture and arts, educational institutions and other community projects and programmes which improve the quality of life in general.Over the years, both society and organizations have taken many different views of social responsibility. In particular, there have…
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22Sep 2018 by Reese Bannister

The Characteristics of Effective Budgetary Control Systems – Essay

Management
Some of the characteristics and guidelines that can make the budgetary control effective and successful are given as follows. Image Source: cecd04df9605b630ca29-1241d3348dac2d27e674997029412b55.r13.cf2.rackcdn.com1. Budgets should be oriented towards results. The results or goals should be realistically established. The budgets should have a built- in provision of periodic evaluation and assessment of performance and progress along the way to the achievement of results. The appraisal of performance would be more fair and realistic if budgets allocated are appropriate for the established goals. ADVERTISEMENTS: 2. Budgetary control is more effective if the duties and responsibilities for all operations are well defined and rightly assigned. This would make it easier to trace any deviations to proper accountable persons or departments so that proper and corrective action can be taken3. Budgets should be based an…
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22Sep 2018 by Reese Bannister

Management as a Problem Solving Process – Essay

Decision Making
Management as a Problem Solving Process – EssayMany management thinkers have defined management in their own ways. For example, Van Fleet and Peterson define management, “as a set of activities directed at the efficient and effective utilization of resources in the pursuit of one or more goals.” This concept is shown in the following diagram. Image Source: margenia.com ADVERTISEMENTS: Kreitner considers management as a problem solving process. He defines management as follows:“Management is a problem solving process of effectively achieving organizational objectives through the efficient use of scarce resources in a changing environment.”Some of the integral elements of this definition can be separated and briefly explained as follows: a) Problem solving process: ADVERTISEMENTS: One of the most important functions of a manager is to make decisions and solve problems. Some…
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22Sep 2018 by Reese Bannister

Essay on Business Management (965 Words)

Management
Essay on Business Management (965 Words)!“It takes something other than wages to hold good employees: and it takes something other than low prices to hold a good customer.” Image Source: yourarticlelibrary.comManagement in some form or another is an integral part of living and is essential wherever human efforts are to be undertaken to achieve desired objectives. The basic ingredients of management are always at play whether we manage our lives or our business. For example, let us look at the managerial role of a simple housewife and how she uses the managerial ingredients in managing the home. ADVERTISEMENTS: First of all, she appraises her household and its needs. She forecasts the needs of the household for period of a week or a month or longer. She takes stock of her…
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22Sep 2018 by Reese Bannister

Aggressive Versus Supportive Behaviours in an Organisation – Essay

Management
While there are a number of behavioural as well as organizational factors which contribute to the existence of conflict, there may be just one single factor that may be highly contributory to reducing such conflict. That factor is “trust”. Image Source: images.flatworldknowledge.comTrust is a highly intangible element but very important in our civilized living. Its presence or absence can govern our inter-personal behaviour to a large extent. Our ability to trust has a great impact on our working lives, our family interactions and our achievement of personal and organizational goals. ADVERTISEMENTS: Since trust is a function of behaviour, such behaviours which lead to defensiveness must be identified and modified. These defensive or aggressive behaviours create a climate which is conducive to mistrust thus leading to conflict in interpersonal areas.Jack Gibb…
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22Sep 2018 by Reese Bannister

Essay on Managerial Skills (818 Words)

Management
Essay on Managerial Skills (818 Words)!A skill is an acquired and learned ability to translate knowledge into performance. It is the competency that allows for performance to be superior in the field in which the worker has the required skill. All managers need to possess technical, interpersonal, conceptual, diagnostic, communicational and political skills. Image Source: totalcareermastery.com ADVERTISEMENTS: While technical and diagnostic skills refer to the knowledge and ability of understanding the processes involved and scientifically analyzing problems and opportunities, all other skills deal with people in one form or the other. These “human” skills are the most important assets of any successful manager.It is the manager’s job to achieve the organizational objectives through the proper utilization of its human and material resources. However, since the material resources of equipment, capital,…
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22Sep 2018 by Reese Bannister

The Management's Responsibilities towards Stockholders, Consumers, Government and Community

Decision Making
The management is responsible and accountable to many groups. Sometimes, the interests of these groups conflict with each other. Hence management must conduct its affairs in such a manner as to be fair and equitable to all parties who have a vested interest and claim on management. Image Source: ar2011.outokumpu.comThe management is answerable to the following groups. Stockholders: ADVERTISEMENTS: The stockholders are the owners of the company who have invested capital in the organization. Their primary purpose in investing funds is to make a reasonable profit on their investment.Accordingly, management must direct its resources at its command in such a manner as to yield a satisfactory rate of return for its investors in the long run. The stockholders are not so much interested in quick profits as they are in…
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22Sep 2018 by Reese Bannister

Job Design: Structuring Tasks for High Motivation – Essay

Management
Job Design: Structuring Tasks for High Motivation – Essay !Job redesign involves revising job descriptions and changing the nature of work so as to induce higher level of motivation among workers. It involves alteration of specific aspects of jobs in a manner that would increase both the quality of the employee’s work experience as well as his productivity. Hackman and Oldham have suggested four benefits of work redesign. Image Source: images.flatworldknowledge.com ADVERTISEMENTS: First, it alters the basic relationship between people and their jobs. The basic foundation of this relationship is that the nature of work itself is a powerful influence on worker motivation and job satisfaction. People who are happy with their jobs are highly intrinsically motivated.“Secondly, the job and the human behaviour are directly related. A satisfactory job results…
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22Sep 2018 by Reese Bannister

Motivation Alone Cannot Result In Performance–Essay

Management
Motivation alone cannot result in performance. There must be ability on the part of the worker, and the work structure must be conducive to motivation. The work structure can be considered to be comprised of systems where systems are collections of processes and resources and processes are defined as grouped activities that take an input, add value to it and provide an output. Image Source: myweightolose.files.wordpress.comAccordingly, one of the prime functions of management is to design and improve the work system with the right activities and the right resources at the right times. To achieve the best performance from motivated employees, management must provide a stable and consistent system that allows them to perform at a high level. ADVERTISEMENTS: A work system, where the worker is provided with the right…
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22Sep 2018 by Reese Bannister

Essay on Pollution

Industry
Here is your free essay on Pollution !Pollution is a bane for society or life. All sorts of pollutions like air pollution, water pollution, sound pollution, noise pollution, food pollution have been affecting greatly the dwellers.The sources or origins of pollution are described in short details:Air Pollution: ADVERTISEMENTS: Air is one of the most important elements of our environment for our survival. It is a natural gift and a free asset. It is polluted in many ways. Land vehicles use oil and fuel which create smoke. The smoke gets mixed with air and thus pollutes air. Mills, factories and industries are also held responsible for air pollution because they create smoke. Polluted air contains CO2, CO, NO2, SMP, SO2 and oxides of lead. Excessive rise of gases and chemical pollute…
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