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Problems Faced by a Fictional Organization in which the Solutions are Presented by Knowledge of the Core Learning Outcomes - Term Paper Example

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Management Concepts By: Your name October 5, 2011 Name of Course: “Management can be defined as the organization and coordination of the activities of an enterprise in accordance with certain objectives and in achievement of defined objectives” (Businessdictionary, 2011)…
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Problems Faced by a Fictional Organization in which the Solutions are Presented by Knowledge of the Core Learning Outcomes
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"Problems Faced by a Fictional Organization in which the Solutions are Presented by Knowledge of the Core Learning Outcomes"

Download file to see previous pages Efficiency means to achieve the best results using the minimum amount of resources. Effectiveness implies being able to perform a work task good and in a timely manner. Recycling is a practice that increases the efficiency of the company by processing the recycled material and subsequently using it as raw material for production. Recycling is one if the hottest green practices throughout the world because it is safeguarding our natural resources by reducing the consumption in the limited reserves of certain important commodities such as petroleum. A second example of efficiency is after a downsizing strategy being able to produce the same output with a lower amount of workers. A third example of efficiency could be changing the inventory acquisition strategy of the company to a just-in-time mechanism. Another example of efficiency is performing inventory audits to determine the presence of expired or obsolete merchandise would should disposed off and written off the accounting books. A person is effective when they select to purchase at the same store instead of shopping at three or more places because the customer achieves time and gasoline. Effectiveness can be achieved in the workplace by sharing the work tasks in an equal manner without forcing one employee of doing too much. “The four functions of management are plan, organize, direct, and control” (Rue & Byars, 2011). Planning involves creating objectives, goals, and action plans for the future. In finance the use of pro-forma financial statements is an example of planning because it provides forecasts of financial statements for future period of time. Pro forma financial statements are typically prepared up to three years in the future. Planning can also be used to estimate the resource the company is going to need in the future. When an organization visits college campus to recruit students they are planning for their future human resource needs. Budgets are prepared to determine what purchases a company must perform during a fiscal year. The second function of management is organizing. The resources of the company must be well organized in order to optimize its use (Buzzle, 2011). An example of an organization practice dealing with human resources is separating employees in work groups. Managers that are organized a better able to deal with the pressures and stress the profession causes. The third managerial function is directing. Managers direct their employees through motivation. Direction also means overseen the work performed by the workers in the company. Direction works best when the employees are able to provide feedback and can contradict the manager without any repercussion for expressing their opinion. The fourth managerial function is control. Control can be achieved by providing specific guideless and processes to perform at work. Control involves evaluating the employees work and taking corrective actions to fix the problems. Controls mechanism can be used to safe guard the assets of the company to put cameras at point of sale terminals and in the warehouse where the inventory is located. Leadership and management are two completely different concepts, but they are often interconnected. “Leadership can define as a special case of interpersonal influence that gets an individual or group to do what the dealer wants ...Download file to see next pagesRead More
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