People management is basically making sure that all the employees of an organization are able to effectively coordinate themselves and carry out their duties to the highest possible standards. People management forms the highest part of any firm by ensuring that functions and duties are performed accurately and consistently at the highest standards (Purcell, 2008). The approaches and leadership stances employed by managers in people management field has been noted to differ from one manager to another i.e. A manager/supervisor may choose to be either an autocratic, paternal or democratic manager. Autocratic management approach may be applied in situations requiring quick culture change within a large organization while paternal approach is recommended for small businesses requiring the workforce to be trained in order to provide the same quality services and products as the older managers. Democratic leadership approach on the other hand is advocated for in large organizations employing many people to create ideas for the firm.
The socio-political environment of an organization refers to the external aspects that affects the operations of an organization and includes both social factors like customs, traditions, values, beliefs, poverty and literacy levels, life expectancy rate within the environment that the organization operates in and the political systems, policies of government and its position towards business. The social composition and the values that are up held by the society do have a great influence on the functioning of the business organizations i.e. festive seasons brings about an immense increase in the demand for new clothes, confectionaries, fruits, flower, etc. Increased levels of literacy have enabled the consumers to be extra conscious of the quality of the products and services they purchase (Griffin & Moorhead, 2011). The alterations in family composition have also witnessed a great increase in number of nuclear families with single child concepts. This in turn has led to increased demand for various house hold commodities.
Political factors such as government stability, political party ideologies and trade unionism have been noted to bear profound effects on the operations of a business (Wellington, 2011). They tend to affect the confidence of investors and other interest groups while trade union activities like strikes, lock outs, labor disputes and demonstrations affects the productivity and profitability of the organizations has time is wasted in solving disputes.
The economic environment of an organization consists of the economic policies, systems and conditions of a country or location of the firm. Conditions such as gross domestic product, per capita income, availability of markets for goods and services, accessibility to capital, foreign exchange reserves, growth of international trade and capital markets strength (Griffin & Moorhead, 2011) amongst other factors depicts an increase in economic growth thereby making it attractive for investors. Government policies such as monetary, fiscal, industrial foreign investment and export-import policies are dynamic and changes from time to time due to developments in the economic scenario and political expediency.
Tesco, which is among the largest food retail stores in the world, operates about 2,318 stores and employs over 330,000 people. It also operates an online business subsidiary known as Tesco.com. It also provides online services through its subsidiary, Tesco.com which is the largest online souk in the UK operating under flour brands namely; Superstore, Express, Extra and Superstore. The firm deals in over 40000 food products and also non-food products such as clothing and other non-food items.
The firm's own-label products are found at three standards, value, normal and finest. The company's stores also operate gas stations and personal finance...
The use of managerial accounting to keep profit margins where they need to be and make sure that individual product offerings are not a net drain on the company is not the only thing that Thai Airlines can and must do to keep a competitive edge and to protect themselves from things like corporate malfeasance and terrorists attacks, but it is certainly a major thing that should be take
Management Every person that has worked for a company with poor management -- where a lack of communication or a failure to motivate employees is the norm rather than the exception -- can benefit from the readings in this assignment. There are quality companies where employees are encouraged and treated as valuable assets, and then there are companies that rely on threats of punishment and intimidation to get the most out
Management accounting provides data that can help a small business craft a strategy that can be used to meet their financial and organizational objectives by assisting in the decision making process. Examples of types of issues that a management accountant is equipped to analyze might include items such as product costing, relevant costing, capital budgeting, and operational or strategic planning. Furthermore, a management accounting can design, implement, and manage internal
If these managers are unfit at achieving such objectives, the change process will not be effective. Establish the vision and the strategy Any change management process must start by building a vision that the new organization will be based on. Same as all companies are built on a vision of their founders, so should the new organization that will result after the change management process, be built on a vision. Although the
Each and every member is respected in a productive global business environment with multicultural or diverse teams. Positive thinking is the constant habit of good teams in the global market environment with multicultural teams. It will be impossible for a global multicultural organization to function properly without good team attributes because of the wide acceptance of teams as well as multicultural teams in the global business environment (Qualities of
They (Hall and the Director) should have been meeting on a regular basis, not only because Hall might need the guidance but because it was an important project and one the Director needed to be up to speed on at all times. Hall, new to project management, might well not have recognized that need herself. Hall was not given a promotion with this task. However, she was given considerable
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