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Oil was initially being used for medicinal purposes, but when the Spanish arrived in Venezuela in the 16th century. They learnt from the indigenous people how to use the naturally occurring bitumen for caulking their ships and also treating their weapons. The first shipment of oil from Venezuela is actually documented to have been done in 1539.
ROLE OF EFFECTIVE COMMUNICATION IN MANAGEMENT Table of Contents Contents Page Introduction 1 Principles of Effective Communication 1 Best Practices for Effective Communication 2 Assessment of Effective Communication 4 Barriers in Effective Business Communication 5 Effectiveness of Nonverbal Communication 7 Conclusion 8 Role of Effective Communication in Management Introduction Effective managerial communication refers to successful or result-oriented communication that takes place at administrative or managerial level.
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Contingency theory has proved to be an important paradigm in the study of organisational structure. It is a behavioural theory which states that there can be no single strategy or method to structure an organisation. It argues that individual firms adapt to their respective environments. The environments are considered to possess certain essential requirements for innovation, efficiency and sustainable growth (Zeithaml et al, 1988).
The understanding of one’s personality and values provides some clues on how one is likely to feel or act during certain conflict situations. I utilized the OCEAN personality model that comprises the Big Five personality traits which are openness to new experiences, conscientiousness, extraversion, agreeableness, and neuroticism (Burger, 2010).
As outlined in this paper there are various benefits of engaging in international trade including diversification of risk, better margins, growth of business among others. These are realized through engaging in short-term and long-term forms of international trade such as exporting, importing, licensing, and internal franchising.
Human resources are one of the vital assets of all organisations in any given day. Apart from recruitment and selection process, human resource managers are involved in various other activities. They are involved in manpower planning and compensation management.
Resources within an organization include finances, labor, and time, which all are limited, yet important factors of production. In the 21st century, organizations have experienced intensive pressure to shift towards more production-oriented strategies to remain relevant and to overcome the numerous forces that are strenuous to business operations.
About three decades ago, employees were people who were there in the company to work and receive wages at the end of the day or the month. Much focus was on production and achievement of profits without taking into consideration the concerns, ideas, opinions, and general welfare of the employees.
The reason why people enter a contract with caterer is because caterers provide quality services since they are professional in those sectors. There are various characteristics that feature in en catering contract. Some of the main include: The quality of the products and service offered by the caterer should be of high quality.
CenterPoint Properties, one of Chicago’s largest real estate companies, had to make a transition to being an excellent logistics solutions and intermodal transportation provider. However, this transition will necessitate radical transformations of its business model, including ownership, the structure of capital.
This ensures the integration of standards into the curriculum since it increases the capability of students to perform and produce. Within the context of standards-based educational reform, the concept involves an entire community of stakeholders within the education system such as educators and institutions, students and their parents.
According to the paper The management functions in an organisation can be divided into four tasks which are ‘planning’, ‘organising’, ‘directing’ and ‘controlling’. These managerial functions allow for making strategic, tactical and operational decisions effectively. The paper provides an overview of challenges and opportunities faced by an organisation named Tesco.
According to the research findings, it can, therefore, be said that the property manager could work in the form of an individual capacity or in a firm, which is either his own or appointed by the owner of the property firm, which is also remarked as the real estate business. This property manager deals with the fair housing principles where he finds and evicts tenants.
The researcher states that as a manager of the convenience store, it is highly essential that the employees and manager are engaged in passive and active listening. Since so much work-related tasks require intricate attention to detail which involves listening, it is essential that listening techniques are learned and adapted in the workplace.
Stilsim is still using the old technologies and has not changed its standards from the start. Clinging to the old technology has begun to impact the functioning of the company. In order to become a leader in its field, changes must be made, as quickly as possible.
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Experts who advocate for this business practice argue that it increases organizational performance. Ouchi first saw the need for Theory Z during the late 1970s when Japanese companies were expanding in the global market. Because of this, Ouchi decided to understand the reasons why Japanese organizations were more effective than U.S.
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In the given paper it is stated that the employees and businesses’ wellbeing is a social need; social needs vary from working conditions and education among others, however, these needs are met by social innovation. The social need can be defined as a problem that a society experiences, which requires a response.
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Organizational culture refers to the values and behaviors that create a unique environment within an organization (Agbényiga, 2011; Mohanty, 2012; Shah et al, 2011). Organizational culture is a common concept among organizations and this has attracted a lot of attention from both managers and scholars. The topic has been very crucial in determining the success of a number of institutions.
The memo is a confidential piece of communication that comes from the senior vice president, Human Resources, and goes to the Chairman of the board of directors for executive compensation. The steps developed by Browne and Keeley will be utilized for evaluating the author’s arguments. The steps were analyzed in answering the following questions regarding the memo.
Risk management activities in project life cycle are also identified. Potential risks to project management are also outlined. Risk Management Process Risk management is a managerial process of identifying, measuring and ensuring that uncertain events which will affect resources are minimized and avoided.
According to the paper leadership plays an important role in organizations as it frames the way the entire process is headed and determines the success of the venture. Recent studies show that good leadership leads to success in an organization. Some people are born with the ability to lead and some are not.
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1. Explain why government regulation is needed, citing the major reasons for government involvement in a market economy. Government regulation is a concept that is seen out-dated in capitalist economies. The faith in unfettered free trade is thought to be a panacea for all economic problems.
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Every business entity develops and relies on particular strategies to ensure its success. The strategies chosen must always take into consideration the external and internal environment within which that firm operates as this can determine its profitability.
This study will focus on different issues of corruption and its effects on foreign direct investments (FDI), multinational companies (MNCs) and capitalism around the world. The study has been designed to give a brief overview of corruption and the related prevailing issues like foreign direct investments, capitalism, etc.
Thus owing to Ashworth’s specialized combat knowledge Sweeney depended much on him for gaining success in the operation. Again, Sweeney also reflected dishonor and trust with and amongst his followers such that he being the supreme commander of the task did not pay heed to the effective advice put in by Colonel Tibbets relating to the hoarding of the bomb in a correct fashion.
Customers who are accustomed to receiving a high level of care by knowledgeable employees can tell the difference when HRD programs cease. The result can be a loss in business as customer satisfaction drops. Yet, loyal customers are highly valuable to a business, providing business referrals, increased revenue, predictable sales, and lower costs.
However, as the operations are moved abroad a number of concerns will arise including concerns regarding resources. Identifying and formulating a fitting response, in relation to resources, before the suggested global expansion is the only real solution to ensuring that the business’ move is successful.
Corporate social responsibility has become an important realization in the modern business world, and despite the fact that there are still few organizations, which do not regard it as important, most business leaders and companies are adapting to it (Markley & Davis 2007). Currently, organizations and business leaders who may have seen CSR as a waste of time and resources, have changed their attitudes.
The stakeholders suggest how well the value premise is made. This means that value is something that has a great amount of say within the undertakings of the stakeholders. Since they are the ones who actually provide the relevant basis for running the business, it is only natural to give them the importance that they richly deserve.
Management or managerial accounting which is also referred to as cost accounting refers to the internally prepared information that is found through financial accounting and used within the firm in making very important decisions. Cost accounting is applied in organization, regulation, and making of decisions.
“A critical theoretical and visual analysis of my experience of work”
Several people theories have been advanced to explain how organizations function with reference to the prople involved and further guide new members of a firm, on what is expected of them upon joining these enterprises.
The other diagram on page 22 indicates a combined overlay of how an organization functions. When these two diagrams are combined, a clear flow of the organizational structure is seen from one section of the firm to the other. The diagram on page 22 is a clear indication of a technostructure that brings out the positions that are held by everyone.
The main problem is the Walt Disney World Resort and its mission. It would be to reinforce community relationships through a range and quality of artistic experiences within the state in understanding their needs. The provision of a more personalized surrounding for visitors through value-added services stays the resort’s main objective.
It describes the risks within the incorporation of BYOD in the business. It also recommends AVIVA Plc to implement the BYOD program in their operations keeping into consideration the positives as well as the negatives of the program. It has been observed that the BYOD program is quite beneficial in increasing the satisfaction of the employees.
Management Science happens to be a scholarly journal which publishes research papers on topics related to management, information technology, innovation, entrepreneurship and organization. Consumer buying behaviour is positively associated with the Business administration and Management Science pathway.
The research study is on communication and group dynamics and was carried out in the GMU course management fall semester in 1996. The study was driven by the motive of improving the structure and direction given to teams. For the purpose of research, four teams were created and after the completion of the assignment, analysis of the work done was carried out, and two teams that were regarded as the worst-performing were selected.
One such service is the guided hiking tours to couples and individuals. The tours offered by the company are rated in terms of the level of difficulty and the distance to be travelled. The ratings come in the form of easy, moderate and advance. In order to offer quality services to the customers, the company has entered into treaty with the local bed and breakfast, pubs and family owned hotels in the provision of food service and overnight accommodation.
Work Motivation Name University Introduction Norsk Petroleum is an organization with its main headquarters in Oslo, Norway. This organization deals with gas and oil exploration. Over the recent past, many experts in this organization have been resigning and joining competitors in the industry.
One must first appreciate that both bottom-up and top-bottom are project estimation techniques. However, the bottom-up technique proves more accurate as compared to the top-bottom technique and this marks the major difference between the two (Mark, 1997). The bottom-up technique, however, takes much time to carry out as much as it is accurate.
The paper presents an overview of Google and its core businesses, and goes on to undertake a strategic audit of the company making use of the BCG Matrix as well as the SWOT and the PESTEL analysis in a strategic audit aimed at identifying strategic issues facing the company and at making recommendations to get the company on a path to growth.
Funding Ambulatory Services: Some ambulance services are privatized, and on this basis, it is the patient under consideration who should pay for accessing those services. This is because a patient, who seeks the services of a privatized ambulance company, can afford those services, and on this basis, the same patient should therefore fund their operations.
Name Instructor’s Name Course Date of Submission Marshall& Gordon Executive summary The Marshall& Gordon is an international company that is among the worlds best recognized for its efforts in the public relations sector with its headquarters in New York.
As reviewed by Agrawal (2009), shoot out is a book on how film gets made. It includes the movie making from the initial pitch to the last cut as well as the players from producers, directors, writers, marketers and agents (Bart, and Gube 2009). With the assistance of two Hollywood renowned pundits; Peter Guber and peter Bart, the account of Hollywood today, yesterday and tomorrow are narrated with rare intelligence, insight and candor.
Scorecard Inc. faced many Human Resource issues in course of Acquisition of Partners Manufacturing. After the Acquisition of the company, there was a high rate of turnover. At first, it was imperative for the management to formulate an HR policy that would be in line with the operations of Scorecard. All the employees should be given the same benefit so that they don’t feel any partiality is been done with them.
On the other hand, the downstream segment of the organization is the arm dealing with services and products that focuses on petrochemicals, lubricants and fuels. Technology is an integral part of the whatever the organization does starting from operating in a safety manner, creating products that have lower carbon content, recovering of resources and efficient communication process.
Starbucks Company buys and roasts high-quality whole bean coffees and together with other products such as tea beverages, handcrafted coffee, and a number of fresh foods, they are sold by the company via the retail stores operated by Starbucks. The company also produces and sells a variety of beverages that are ready-to-drink.
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The author states that it is crucial that the project implementation team communicate appropriately with the project stakeholders in order to lay the best foundation for quality improvement that is continuous. Thus, when planning the budget for every project, it is crucial that quality be put into consideration.
This dissertation contains material that is confidential and/or commercially sensitive. It is included here on the understanding that this will not be revealed to any person not involved in the assessment process.
The ideal candidate must possess focused approach towards goal attainment and takes initiative on his /her own. Have prompt and effective decision making skills and ability to efficiently prioritize his tasks as per importance (Ingram, LaForge, Avila, Schwepker & Williams, 2009).
Industry experts had forecasted that the attendants would fall considerably during the recession. However, an increase in the price of tickets would not be effective as the expense increased by 2.5% leading to a considerable operating deficit. However, the strength of the Symphony lies in the fact that it had earned a huge brand name for itself being one of the most famous orchestral groups.