Functions of Management in Different Spheres - Assignment Example

Question one The four functions of management are planning, organizing, staffing, directing and controlling. Each functions important for in the business but the most vital is the planning function. Planning is the basis of all the other function. Without a plan it is impossible to achieve success. It determines the staffing, directing and controlling functions because it offers the guideline for implementation. Question two The blockbuster movies are moves of great demand which can be shown for the purpose of generating income. However, the current development of movies on demand will definitely affect the blockbuster because it offers easy access to on demand movies which is the work of blockbuster. Therefore, movie on-demand is a competitive substitute of the blockbuster movies. Question three The major stakeholders of the university include; foundation members, board of trustees, business and industry. The students are the major stakeholders in the university because they influence the long and short term goals of the university. Question four Managing diversity in the organization can be done by developing an organizational culture, which synchronizes the diverse cultures into the organizational policy and operation. In addition, cultural integration practices can be used to develop the necessary group cohesion. The manager can employ cultural acceptance to avoid conflict between individuals. Question five Lack of accountability is the major barrier to goal setting. However, as a manager, the development of step to step plans to achieve the set goals. However, the accountability is the vital aspect in goal setting. Question six Start business from scratch offer the opportunity to understand the business effectively thereby reducing the chances of collapse. Proper planning of a new business venture is easy compared to a takeover business. However, take over business has an advantage of having already set capital and infrastructure outlay. Question seven Business engineering is the process of redesigning the business operations in order to improve performance and develop success in the whole process. Re-engineering can be integrated as a product of competition or the introduction of new products by the company which is intended to improve the business performance Question eight The internal recruitment process is simple and easy to be employed. The staff does not need to be oriented of the company as such they can assume the new roles with ease. However, it reduces the pool of choice while also limiting injection of new ideas. External recruitment offers the opportunity to inject new blood into the system thus allowing for new ideas to be developed. External recruitment offers the company the opportunity to add new employees with better skills. However, the major problem with external recruitment is time constraints and the need for further training of the new stuff on the company details and system of operation. Question nine Written communication is vital in official communication because it allows for the employees to refer to the specification of the actions and other issues of the company. Warnings and company’s plan of action must be presented in the written format because it is the formal approach. Question ten Accuracy is a major characteristic of the effective control system because it allows evaluation of the performance of the company. Accuracy enables the development of new processes. Reliability is a factor that is vital for an effective control system. It must offer success in the company by being reliable. Question one External environment of the organization includes factors that are beyond the company’s control. These are government policies than include the degree of government intervention in the countrys economy. These policies may cause positive and negative effect on the company. In case the government offer subsidy to the companies it will influence the performance of the company positively while the increase in taxes leads to a negative influence on the performance. The prevailing political condition will affect the company greatly. Political decisions can interfere with very many sectors of the economy and in turn affect the business. After the global financial crisis, the was need for the control as a result there was political interference due to blames on what caused the decline in the economy. The political lobbying can lead to changes in the labor force and affect the quality of the infrastructure such as roads and the rail systems. These factors affect the supply and distribution of raw material and product. The go slow in the transport industry leads to stock outs in some outlets and overstocking in another outlet. This political interference cannot be controlled by the company. The Company will be faced with several challenges in the next three to five years. First there will be regime change in the country of origin. Regime changes come with changes in the political factors. These political factors will affect product distribution. Internal factors Question two Motivation in human resource management is vital leading to the development of different methods and systems of motivating workers. The systems developed in the reward system which has and is being practiced in many organizations around the world. The success of reward is based on the positivity associated with the systems. First is the designing of the reward strategy to include group participation because the initial one was based on personal performance only. In addition, the group must address in the reward structure and policy in order to have harmony in the organization. The development of reward strategy will improve the performance of employees. In addition, the welfare of the employees must be improved to increase employee retention. The human resource department should evaluate the roles of each employee to offer chances for delegation of duties and responsibilities and encourage creativity and innovation. However the company can develop a system that rewards the managers when they perform exceptionally well. The value of revenue can be used to reward the manager by offering a percentage which can be used to acquire new shares for the manager. The direct allocation of the share can be avoided through using the percentage revenue to reward the managers. Question three Communication is a vital aspect in human resource management. The development of the organizational structure with directions of authority affects the sending of message across the group. The leadership structure of any organization determines the methodology and structure of information sharing. Resistance can be overt or implicit. Implicit resistance is the internal resistance, without outside showing that the person is resisting the management change targeted by the company. The two shift managers must be called and the conflict between the two handled in order to create harmony in the company. The situation can be handled through conflict resolution and improving communication between the two managers. Question four The food business is a complex business because it deals with control of perishable raw materials and also addressing the human resource issues. Control in food business involves the development economic order quantity and allowing the order quantity be based on the demand of the product. The control of the human labor will involve the development of rewards schemes and the improvement of the welfare of the students. In line with the control system, the leadership and management of the business must be effective because it is the main function of the business. Control of food quality is the vital aspect of the food business. Read More