Stress is a major issue for modern businesses and managers in the contemporary working environment. Not only do stress related illnesses have a cost for organisations in terms of lost working hours and productivity, but higher levels of stress have also been associated with lower level of satisfaction, poorer quality service delivery, and higher levels […]
Is leadership a skill that can be taught or is it an innate ability that only a few can possess? Date authored: 25 th June, 2014 The question that leaders are born or made has long been debated in the academia (Avolio, 2005). Like the debate on chicken and egg this debate has […]
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Get help with your assignmentOver recent years, a small number of key concepts have become very significant to Operations Managers. Four of these concepts are: Customer Care Kaizen Just-in-Time Total Quality Management Your task is to compare and contrast each of these four concepts, clearly describing each. Your work should help the reader to understand how each interrelates to […]
Management Challenges Posed By the Role of Information Systems in Organisations Throughout the 20th century, businesses thrived by making their production methods more and more efficient by improving production processes and developing better ways for making things. However, efficiency in production methods is no longer the only success factors in today’s business world. The excellence […]
Introduction This essay focuses on the role of human resources (HR) in achieving environmental sustainability. It starts by very briefly explaining what environmental sustainability is, and why it is so important for individuals and organisations to contribute to achieving goals and targets related to sustainability. It next briefly explains what is meant by HR. Next […]
Introduction The increasing level of competition in the business environment has made people management an important area to be observed by organisations and is considered to be essential for their survival (Panda, Pradhan and Mishra, 2014). This, in effect, gives rise to the need of devising motivational tools for employees (Salmela-Aro and Nurmi, 2004) as […]
Introduction Cyert (1990: 29) defines leadership as ‘the ability to get participants in an organisation to focus their attention on the problems that the leader considers significant’. The functions of leadership considered by Cyert (1990: 29) therefore align to organisational, interpersonal and decisional actions. In light of increased attention being directed towards the heightened levels […]
Introduction Organisations and managers are now using a number of appraisal methods in order to assess employee performance, and these methods both have benefits and negatives. An employee performance appraisal is a critique and a review of an employee’s performance during the year, or another specified time period (Woods, 2003). Performance appraisals are one of […]
Introduction This paper provides a critical discussion of the different models of change management with a focus on the models proposed by Kurt Lewin (1958), John Kotter (1995) and the McKinsey 7S model (1982) developed by Tom Peters and Robert Waterman. Understanding Change Given the wide diversity in the nature and type of change experienced […]
Introduction The world has become more globalised and more competitive than ever before, and as more firms begin to operate in the international marketplace there is an extensive search for different elements of competitive advantage (Beck, 2011). A major component of gaining an advantage over competitors could be in terms of human resource management and […]
Task 1 – P1, M2. One view of the distinction between personnel management and HRM is offered by Bloisi (2007: 12) who sees personnel management as workforce centred and operationally focused. Tasked with recruitment, selection and administrative procedures in accordance with management’s’ requirements, they are functional specialists rather than strategic managers, often with little power […]
As industrialization advanced rapidly across the world at the turn of the twentieth century, it transformed working practices and prompted theorists to consider how best to conduct business under such changed circumstances. The theory of scientific management has its roots in the studies conducted by F. W. Taylor during this formative period (see Taylor, 1911). […]
Introduction In the modern world, self-service technologies (SST) have been implemented in the service industry. There are various types of SST services such as telephone-based technologies, online banking, internet-based interfaces etc. (Yen, 2005). Despite this huge rise in SST, it cannot be simply assumed that SST’s are always better than traditional services. As any other […]
INTRODUCTION This research presents an analysis of the proponents and criticisms of the main leadership theories. According to Storey (2004), the study of leadership in organisations has evolved through the years with changing theories of leadership and leadership development. Storey (2004) identifies the main theories as trait theory, behavioural theories, situational and contingency theories, exchange […]
Introduction The psychological contract (TPC) was first coined by Argyris (1960), who observed an unwritten agreement existed between employer and employee, summarising that staff performed to a higher level if they received fair wages and had a degree of autonomy in the manner in which they worked. TPC consists of expectations, beliefs and implied obligations; […]
Executive Summary The company’s profits are falling and there is a build-up of inventory within the production process. This report considers three management systems which could rectify the situation. Considering theory of constraints, just in time and programme evaluation and review technique, the report recommends that more information regarding the cause of the problems is […]
On a global scale, several important firms are determined to attain “Agile management” as this enhances a company’s capability to swiftly manage” internal and external” transformation and gain competitive advantage (Khosrow-Pour, 2001, p 831). An “agile” company is adept in its ability to “detect changing markets, rapidly learn to take advantage of these market changes, […]
Decision trees are diagrams that show the sequence of interrelated decisions and the expected results of choosing one alternative over the other. Typically, more than one choice or option is available when you’re faced with a decision or, in this case, potential outcomes from a risk event. The available choices are depicted in tree form […]
Financial management is that managerial activity which is concerned with the planning and controlling of the company’s financial resources. The basis for financial planning, analysis and decision making is the financial information. Financial information is needed to predict compare and evaluate the company’s earning ability. It is also required to recognize in economic decision making […]
1.1. Executive Summary Veling Institute of Management London is a reputed and popular management institute, which offers courses in retailing management. The school also owns retail outlets that give the students hands on experience to the students. Having seen the acceptance, it decided to open retail malls in Senegal which is basically a third world […]
Since the 1970s, world business transactions have experienced and contributed to diverse sources of financial uncertainty or risk (see, Dowd, 2005; Holton, 2003; Jorion, 2006; Tardivo, 2002a). Financial risk or risk created through financial transactions can be associated with value reduction. This reduction is due to market factors disequilibrium such as equity prices devaluation, interest […]
This involves the sale at a discount of accounts receivable or other debt assets on a daily, weekly or monthly basis in exchange for immediate cash. The debt assets are sold by the exporter at a discount to a factoring house, which will assume all commercial and political risks of the account receivable. In the […]
Risk is a factor that affects the financial characteristics of a banking system. Risk management has been seen and being emerged as an issues in the banking sectors as well as the financial and non financial institutions which focuses on the risk related losses in various entities and the important of risk within all firms. […]
This chapter focuses on the results obtained based on the empirical analyses conducted to test the research objectives. The descriptive statistics calculated for the sample are provided in the sections that follow. That is, the data pertaining to the variables included in the study, as collected by the questionnaire is summarised by means of calculation […]
Before studding and researching any business organisation or company first we have to know nature, purpose and role of accounting of the business. We know, there are various types of business in the word such as Sole trader, Partnership, Private limited company and so on. The Trevor Plc. is well known famous wholesale distributors and […]
Management may be defined as ‘the act of managing something; “he was given overall management of the program”; “is the direction of the economy a function of government?” those in charge of running a business (wordnetweb.princeton.edu/perl/webwn) In the nineteenth century, Robert Owen and Charles Babbage seriously took a decision to deal with the search for […]
Sources of Finance Js and Co. must be very aware of the importance to use the appropriate sources of financing meeting the needs of your company. Sources of finance to business There are different sources of finance,namely : Short term finance- Trade credit Commercial banks -overdraft Fixed deposits for a period of 1 year or […]
An understanding of effective cash flow statement and its further management is vital tool for the long term survival of an entity`s cash flows. It is also a key factor in planning and in the competent performance of all aspects of operations. The phrase revenue is “sanity”, profit is “vanity” but “cash is king” is […]
“Credit control is the process of control over payments coming into and going out of the firm. It is mainly concerned with the firm’s and the firm’s debtors. Tight credit control is important if a firm wants to avoid cash flow problems” (Garrison, Ray. H., et al : 2009). According to(Kaplan, Robert. S., Bruns. W, […]
Financial Objective means the financial requirements or goals that a company or an organization plan for the future. In simple words it means to set a target how to achieve profit and make more money .But sometimes it also includes the amount of money that is required for a specific goal, the timeframe in which […]
