Business - Management
The Four Major Functions of Business Management
At the turn of the twentieth century, Henri Fayol, a French industrialist, outlined his theory of business management. He proposed that managers focus their responsibilities in the areas of planning, organizing, leading, and controlling.
In planning, goals are defined, strategies are established, and activities coordinated. It is a decisional role that involves entrepreneurial activities, problem solving, negotiating, and techniques in persuasion. The planning stages may be short or long-term, and may be specific in nature, focusing on a single set of tasks, or directional where planning is used to determine goals for the future. Plans can be organized into two areas of thought: strategic and operational. Strategic plans launch overall objectives for the breadth of the organization, and consider the environment in which the organization is situated. In operational planning, individual objectives rather than organizational goals are the...
Business Impact Analysis The heart of any major business, beyond its human capital, is usually its technological resources and status. A business that relies on internet access and an arsenal of computer hardware and software must collect and harness the necessary knowledge, people and tools to manage this technology in an efficient yet effective way. Doing otherwise can expose trade secrets and customer data. Loss of productivity can also be exceedingly
Advantages of a Niche Product Market and the Relevance of Price The advantages of niche markets are several. First, they increase sales of products (such as ordinary clothing) for which the consumer may not have any need but the specific orientation of the product (such as MMA sports) generates a desire for the logo rather than the need for the product itself. Second, niche markets (such as that exploited by the
company, industrial and financial analysis of Thomas Venture Capital. It has 4 sources. The UK outbound travel industry is highly competitive, with several large players dominating the market and many smaller firms catering to specialist requirements. The industry has been through a trying period in recent times, with the terrorist attacks of 2001 badly hurting air travel, and with budget airlines also cutting into their business. This report looks at the
Business Function and Criticality Matrix Worksheet Organization: Homeland Security Business Function Business Process Criticality Operations Communications Mission-Critical Operations Security Mission-Critical Operations Critical Equipment Needs Mission-Critical Administration Critical Staffing and Assignments Mission-Critical Administration Interdepartmental Liaison Mission-Critical Communications High Level (Pentagon, CIA, FBI, President) Mission-Critical Finance Discretionary Funding Mission-Critical Marketing External Media Liaison Vital Operations Supplies needed for Critical Operations Vital Communications 2nd Tier Vital Human Resources Payroll Important Marketing External non-critical communications (Web site, etc.) Minor Finance Accounts Payable Minor Operations All other supply requests Minor Operations Regulatory Issues Minor Operations Non-Critical Equipment Minor Justifications: 1. Unlike a manufacturing or service company, many of the regular business processes can be put off a few days in the event of a critical issue. 2. Critical issues for
This would have been a truly unethical action. The second objection that can be brought to the sustained thesis is represented by the fact that censorship is a violation of several human rights. These rights include the right to freedom of speech, the right to self-expression and the right to be well informed. It might be argued that Google made a mistake and created a precedent, proving that totalitarian regime
Business Ethics Reflection Prompt #1 Summarize three of the ethical theories that are explained in Chapter 1 of Introduction to Business Ethics. Explain how people running businesses would construct their companies if they utilized these ethical theories. For example, you might personally think that people should act to increase the overall happiness for the greatest number of people (utilitarianism). You would explain utilitarianism and then explain how a company based in utilitarian
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