Managerial Challenges
The global recession that hit the business world and to some extent the private sector saw unprecedented migration of employees across companies predominantly due to the uncertainty in the job security that from factual sacking or laying off by the organizations. Many people looked at the rate of unemployment and loss of jobs and even without proper prompting opted to jump ship. This trend of attrition became so common across the world and one of the most noted cases was in the Indian manufacturing industry. Amazingly, the trend of attrition in India was geared towards the software industry, a trend that left many managers and managements in dilemma of how to arrest it.
It is a commonplace in India to see people with barely any software acquaintance thirsting to be software engineers, people who can hardly spell the word Java are all flooding into the field. This paper purposes to…...
mlaReferences
Allan Chapman (2010). Training and learning development: training, coaching, mentoring, training and learning design - developing people. Retrieved March 12, 2012 from http://www.businessballs.com/traindev.htm
CEO Flow, (2008). The Four Rewards of Intrinsic Motivation. Retrieved March 12, 2012 from http://www.ceoflow.com/2008/08/the-four-rewards-of-intrinsic-motivation/
Express India, (2011). No engineers, BMC outsources IT work to private companies. Retrieved March 12, 2012 from http://www.expressindia.com/latest-news/no-engineers-bmc-outsources-it-work-to-private-companies/762469/
India Current Affairs (2011), How Many Engineers does India Produce every Year? Retrieved
Manageial challenges in today's business wold affect both the non-pofit and fo-pofit entities in simila mannes. Though oftentimes these challenges may also affect the entities in diffeent ways; conside fo instance, the ecent tsunami and eathquake events in Japan. Many of the Japanese non-pofit entities focused on what needed to take place to help individuals, families and victims to ecove fom the devastating occuences. The leades of these entities wee faced with the devastating effects that ae the human element of most natual catastophes. Leades in the business community, though they too see the human side, have a focus moe on the business side; what it takes to get the business up and unning again.
Leades fom both sides ealize that neithe is moe impotant than the othe, and oftentimes thei goals and objectives ae tightly intewoven. Theefoe it behooves the leades of both types of oganizations to display leadeship…...
" (Moseley,
1)
From a project management standpoint, delegating these funds is a
significant concern. The recent history of government financial
mismanagement, has caused the public some rightful wariness as these
massive bailout plans come to fruition. The Obama Administration must
devise a strategy which ensures that these bailout funds are designed to
protect American homes, stimulate job creation and help to improve the
infrastructural stability of the nation. The administration has the
unenviable task of prioritizing the countless areas of civil life in which
the U.S. is currently struggling with debt and the erosion of resource.
This requires a management approach that is informed by crisis planning and
intervention theories.
Another way to successfully plan the delegation of funds and resources
as yielded by the bailout is through information systems management.
Modern IT Systems such as the Enterprise Resource Planning (ERP) system
allow users to enter in a complex array of organizational variables and to
receive projections informing management decisions. Certainly, the U.S.
government will be in…...
mlaWorks Cited:
Barton, P. (2001). Enterprise resource planning: Factors affecting
success and failure. University of Missouri - St. Louis. Online at http://www.umsl.edu/~sauter/analysis/488f01papers/barton.htm#Introduction .Brewer, P. (2009). Root Causes of the Financial Crisis. WiseBread.
Online at http://www.wisebread.com/root-cause-of-the-financial-crisis
Price: The customer will be able to choose from a wide variety of prices, starting with $15 and ending with $2,000. The average retail price is of $100.00 a bottle of specialty wine, with an average fixed cost per bottle of $50. The $50 difference allows me to reduce the retail price if I find this is necessary to attract customers. I could also implement various pricing strategies, such as the penetration one in the beginning and the variable one after the penetration.
Break-Even Analysis: It sees that I would start making profits after I sell 8 bottles of wine. This would not however be true if I sell 8 bottles of the cheapest wines. The implemented price and the incurred costs once again allow me to joggle.
Industry Features: This may be one of the most important aspects of the new business, mostly given the recent talks and figures on a…...
mlaReferences
Thomas, C.R., Maurice, C., 2008, Managerial Economics, 9th Edition, McGraw-Hill/Irwin, the McGraw-Hill Companies
2008, Financial Calculators - Breakeven Analysis, accessed on November 24, 2008http://www.dinkytown.net/java/BreakEven.htmllast
2008, Investopedia, accessed on November 24, 2008http://www.investopedia.comlast
Managerial Expectations for Technology at QVC, Inc.
During the early 1990s, tens of millions of American consumers gained access to cable television and a number of retailers took note of this technological innovation by launching cable television programming featuring their products. These new shopping venues quickly became enormously popular with many consumers because of their convenience, value and wide range of merchandise. One of the companies that emerged from this initial foray into unknown marketing waters was QVC, Inc., which has used emerging technologies to grow its business in innovative ways. To determine how managerial expectations for technology have affected QVC's growth in recent years, this paper provides a review of the relevant literature concerning past expectations as well as how current technologies are meeting the company's business needs. A summary of the research and important findings are provided in the conclusion.
eview and Analysis
By the early 1990s, nearly two-thirds of American…...
mlaReferences
Copley, P. (2004). Marketing communications management: Concepts and theories, cases and practices. Oxford, England: Butterworth-Heinemann.
Grens, K. (2007, March). A nobelist's QVC debut. The Scientist, 21(3), 23-24.
Kunz, M.B. & Hackworth, B.A. (2011). Are consumers following retailers to social networks?
Academy of Marketing Studies Journal, 15(2), 1-3.
Managerial Economics
The company that I am going to write about is Apple, Inc., which designs and markets personal electronics devices, software and accessories. Apple is known for its strategic control systems, both in terms of behavior control and information control. Chapter 9 notes that there are two different approaches to informational control, the traditional approach and the contemporary approach. The traditional approach compares performance against standards while the contemporary approach requires continuous monitoring of the internal and external environments and then adjustments to strategy where needed (Chapter 9). Chenhall (2003) notes that firms often weigh the environment, the industry, the technology and the size and structure of the firm when considering which strategic control systems they want to implement. In the case of Apple, these factors have led it to an informational control system that can reasonably be classified as contemporary. The company's industry is characterized by short product life…...
mlaReferences:
Chenhall, R. (2003). Management control systems design within its organizational context: Findings from contingency-based research and directions for the future. Accounting, Organizations and Society. Vol. 28 (2003) 127-168
Gewald, H. & Helbig, K. (2006). A governance model for managing outsourcing partnerships: A view from practice. Systems Sciences Vol. 8 (2006) 194.
Satariano, A. (2013). Apple CEO adjusts bonus in shift to performance rewards. Bloomberg. Retrieved September 27, 2013 from http://www.bloomberg.com/news/2013-06-21/apple-ceo-adjusts-bonus-in-shift-to-performance-rewards.html
Managerial Leadership
Identification of the problem
The company has decided to create an intermediate position in the company, somewhere between the management team and the employees. In this new position, the person that will be occupying it will report directly to the owners and will have a free hand conducting performance reviews for the managers involved in the respective system.
The main issue in discussion here is whether to choose between two of the company's employees, Mrs. Lee or Mr. Washington, who have both applied for this position. This is a serious issue, as it is most likely that the future performance of the company and the way this system is likely to work in the future will depend on the person's abilities to cope with the challenge, to conduct performance reviews and, at the same time, report to the owners.
Management Behavior
The new position has become a necessity because the management of the…...
76), ROE has ranged from 21.6% to 28.3% in recent years, with the 2007 figure being 25.6%. This reflects outperformance of both the industry and the market. The ROA has exhibited similar outperformance of both industry and market. The return on assets for JNJ over the past several years has ranged from 13.1% in 2007 to 17.l% in 2005. The industry five-year average is 8.85% and the market five-year average is 7.50%.
SWOT Analysis
Strengths
Net Income increased despite decline in revenues
Growth in each business segment
R&D expense growing slower than revenues
2-year upward trend in net income
Upward trend in cash levels
Upward trend in cash flow from operations
Current ratio 46.36% higher than industry
Interest coverage 80.09% higher than industry
Net margin 14.04% higher than industry
Return on Equity 1414.79% higher than industry
Return on Assets 48.02% higher than industry
Weaknesses
Decline in revenue this year (1st time in 75 years)
Cost of revenue increasing faster than revenue
SGA expense increasing faster than…...
This brings about a certain superiority from all Islamic people, here including the Algerian one. On the other side, the current Algerian government is a laical one, which does not limit the individual creed of the Algerians.
This superior air that may characterize Islamic culture in general may sometimes be considered a weakness if we sustain the idea that underestimating your opponent or your partner may be one of the mistakes that leaders sometimes make and that most often brings their downfall.
riefly referring back to the World ank, we may consider that there are several sub-cultures within this organization. However, in my opinion, this is less an existence of organizational sub-cultures, but more of individual or national cultures that come together and interact within the World ank. I am referring here, for examples, to the officials and civil servants working for the organization, and to the lobby groups that support…...
mlaBibliography
1. The World Bank website. On the Internet at http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,pagePK:43912~piPK:36602~theSitePK:29708,00.html
The World Bank website. On the Internet at http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,pagePK:43912~piPK:36602~theSitePK:29708,00.html
Most of these historical leaders were usually from the upper classes with a few of them from lower classes having the opportunity to lead. Consequently, this led to the idea that leadership had something to do with proliferation. This theory was also based on the assumption that leaders are born and not made (Cherry n.d.). This is the belief that leaders are excellent people, born with intrinsic qualities and destined to lead.
The concept of the Great Man is also based on the notion that in times of need, a Great Man would arise, almost supernaturally. These Great Man theories regularly depict great leaders as heroic, mythic and predestined to rise to leadership when needed. Leaders are not figureheads we put in place because we need to know that someone is in charge. They are people such as Churchill and Eisenhower who arise in time of great need.
The historical great…...
mlaReferences:
Cherry K. (n.d.). Leadership Theories -- 8 Major Leadership Theories. Retrieved April 22,
2010, from http://psychology.about.com/od/leadership/p/leadtheories.htm
Mills D.Q. (2005). The Importance of Leadership. Retrieved April 22, 2010, from http://www.mindedgepress.com/PDFs/htlhtl.pdf
Managerial Acctg
The weighted average cost of capital is as follows:
In a net present value analysis, the cost of capital is often used as the discount rate. A net present value analysis seeks to reflect the value today of cash flows in the future. In order to do that, the future cash flows must be discounted back to present day dollars. There are a number of different ways to obtain the discount rate. The company might utilize a hurdle rate that they choose given their own reasons. Another approach is to use the rate associated with the financing that the firm wants to use -- for example if it intends to issue a bond it might use that bond rate as the hurdle rate. However, the weighted average cost of capital (ACC) is one of the most common.
The ACC is often adjusted to suit the risk profile of a given project.…...
mlaWorks Cited:
Investopedia. (2012). Weighted average cost of capital. Investopedia. Retrieved November 16, 2012 from http://www.investopedia.com/terms/w/wacc.asp#axzz2CQKKm1WP
Investopedia. (2012). Internal rate of return. Investopedia. Retrieved November 16, 2012 from http://www.investopedia.com/terms/i/irr.asp#axzz2CQKKm1WP
Managerial Leadership
Multifactor Leadership Questionnaire
The MLQ was developed in the 90s to evaluate the level of transformational leadership, the level of transactional leadership and the level of laissez- faire (nontransactional) leadership, encompassing thus the three important dimensions of leadership. In the end, the MLQ is supposed to make assumptions about the leadership style one may have.
The MLQ-6S is a smaller version of the original questionnaire and has a total of 21 statements, judged according to their frequency on a scale from 0 to 4 (not at all to frequently, if not always). In my opinion, the first factor shows whether you have true leadership qualities, including the charisma that any efficient leader must possess. You have scored your highest score here, 11 (I think it should be11 and not 23, since there are only three statements to be summed, 1, 8 and 15), as you have scored highest on the statements…...
Managerial Accounting Can Help Managers With Product Costing
Organizational success depends on manager's decision-making prowess. Management functions encompass Organization, Planning, Control and Direction, each requiring access to established, and well organized and presented data. Managerial accounting that comprises of different facets of accounting measures helps access to data for identifying, analyzing, and deciding on long-term and short-term measures towards business sustainability and profitability.
Accounting, in earlier times was restricted to and for external sources -- market, supply and end-users. Presently, its importance to internal operations (especially works, manufacturing, services etc.) has widened the scope to address both internal and external audience and sources. This has helped create a pragmatic feedback system for the managers to rely on.
Cost accounting and management accounting go hand-in-hand although the latter takes into account both revenues and cost while the former considers only costs for its calculations. Thus, management account allows the flexibility of absorbing intangible,…...
mlaReferences
Ahrens, T. and Chapman C.S. (2006). "New measures in performance management" in Bhimani, A. (ed.) Contemporary issues in management accounting. Oxford: Oxford University Press.
Clinton, B.D. & Van der Merwe, A. (2006). "Management Accounting - Approaches, Techniques, and Management Processes." Cost Management. New York: Thomas Reuters RIA Group.
Clinton, B.D., Matuszewski, L. & Tidrick, D. (2011). "Escaping Professional Dominance?" Cost Management. New York: Thomas Reuters RIA Group
Davila, A. and Foster G. (2009). "The adoption and evolution of management control systems in entrepreneurial companies: evidence and a promising future" in Chapman, C.S., A.G. Hopwood and M.D. Shields (eds) Handbook of management accounting research, volume 3. Oxford: Elsevier.
iordan Culture
Multicultural Challenges and Opportunities Facing iordan Manufacturing: An Application of Theory
Globalization continues to be a buzzword for business today as it has been for the last several decades, and with good reason -- the pace at which the world is becoming ever more interconnected through business and economic ties has only increased as technology has continued to close the practical gaps between different peoples and regions of the world. A message that might have taken weeks or months to send around the globe a century and a half ago was steadily reduced to mere minutes through the growth of telegraph and then telephone systems; radio and then satellite technologies made communication even faster for those that had the resources to make use of such innovations. Now, with the Internet a ubiquitous feature in households throughout the developed world -- and increasingly in countries that are still developing their overall…...
mlaReferences
Elashmawi, F. (2001). Competing globally: mastering multicultural management and negotiations. Woburn, MA: Butterworth-Heinemann.
Halverson, C. & Tirmizi, S. (2008). Effective multicultural teams: theory and practice. New York: Springer.
Parhizgar, K. (2002). Multicultural behavior and global business environments. New York: Haworth.
There are many more challenges involved in the development of forecasting models and the development of predictive analytics as they relate to the impact of both CoffeeTime's and competitor's advertising spending. The following are additional considerations in the development of more thorough predictive analytics and statistical forecasting models of the Indian market for CoffeeTimes' beverages and sandwiches:
Advertising spending increasing overall market growth or cannibalizing competitive sales? This is a major question that needs to be addressed through more econometric modeling, specifically looking at the aggregate impact of industry-wide spending on increasing the total market size for served coffee in key segments of the market vs. forcing consolidation of the market and cannibalization of sales. This dichotomy of market direction could best first be tested from the standpoint of attempting to predict aggregate demand and consumption for coffee in India for three to five years. Next taking the approach of using…...
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