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Planning can be defined as the process of selecting the course of action for the project. There can be different ways of achieving the same goal, with some incurring more costs than others. The purpose of planning is to identify such a course of action to achieve the goals that enables a manager to minimize the cost without compromising upon the quality. The need for planning originates in the fact that the market economies in which an organization has to establish itself, survive, and thrive are highly competitive and change is a norm in such market economies (Rao, 1988). Planning is a technical skill. To facilitate the managers in the present age, several planning software are available in the market. Such planning software include but are not limited to MS 2010 and Primavera. After the suitable course of action has been identified to achieve the goal, the next step is to schedule the project.
Organizing is the second function of management. “Organizing is the process of linking and arranging activities in a sequence. It includes allocating work, authority and resources” (Rao, 1988). In this stage, the different steps identified in the plan are time-phased. The plan is divided into a range of activities that are assigned durations and relationships are established between them. A manager needs very good technical and intellectual skills in order to be able to execute this function successfully. Organizing, as the name implies, is also concerned with structuring and administering the organization in such a way that adequate channels for effective communication and execution of plans are formed. In the organizing function of management, the manager decides what kind of organizational structure should prevail in the organization so that the desired organizational culture, hierarchy, and channels of communication are formed. A manager needs to have a
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Managers are responsible for both the performance the company and its employees. The employees visualize the manager as a role symbol of success. The employees view the manager as the boss of the company. Managers get paid lots of money for their professional services, but also their work is very stressful and most managers work over 50 hours a week without added compensation for the extra hours above the normal 40 hour week.
In studying the various aspects and the strategies of the organization the pros and cons have been highlighted and respective suggestions have been provided have a clear understanding of the managerial economics point of view. The paper also focuses on the agency problem of the organization to point out the limitation in the strategy of the organization.
During the late 1960s through 1970s, civil rights campaigns, motivated by a global movement for civil rights to obtain voting rights, as well as rights to jobs, services, among others, were rampant in Ireland as the country endeavored to gain complete liberation from the British colonial masters.
The advantage of hiring contract workers is that their wages can be determined by the management and they are pegged at a certain level, and they do not impact the operations of the organization. Therefore, it has been recommended that ten more contract workers should be hired in order to help the company to cope with the rising demand of bricks.
On the one hand, a feminist interpretation views Alison and her female protagonist (hag/wyf) as a criticism of misogynistic beliefs (Rigby 134). On the other hand, another feminist reading is that by yielding to the knight in the end, the Wife embodies and reinforces female stereotypes (Rigby 134).
According to the paper research psychologists shed a lot of emphasis on the five major divisions of the brain that entail the telencephalon, mesencephalon, diencephalon metencephalon and myelencephalon. Psychologists are interested in these parts as opposed to other sub divisions due to their significance, as will be discussed in the essay.
Thus, he must first identify his target market. From there, he must engage himself in advertising and other marketing strategies to gain the upper hand in the capture of a big slice of the market share. But this cannot be maintained if he doesn't master the art of customer satisfaction, which had been researched and continued to be researched.
The world oil markets have experienced significant fluctuations within the past year, with the demand being reduced by a weak world economy and increased after the natural disasters in Japan and India. It is anticipated that global oil demand growth will remain stable in 2014.
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