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The success of a company highly depends on its management team, and the decisions are taken. Therefore, management brings about success. Although the success of the company can be attributed to the management, it can also be held that it is the internal factors, such as the staff or the...
a. Federal budgeting that is also known as a public one plays a vital role in the life of society because it is used to support the country. Unfortunately, it is often associated with controversies and dissatisfaction since it affects governmental decisions and leads to debate. Budgeting can be considered...
The concept of spiritual and business convergence has become common in many organizations today since it presents several benefits. The first reason why this trend can be positive is that it promotes a religious work ethic that seeks to improve business performance. Since employees are informed about the importance of...
Disagreements are usually common in many organizations due to various factors, including poor leadership, personal aims, existing cultures, and interests. Several interpersonal conflicts may arise in companies that place too much emphasis on spiritual values instead of traditional ones. The first one might occur when employees’ religious demands and expectations...
The compensation package for the manager will consist of the following benefits: competitive payment, company-paid healthcare, and life insurance, paid holidays, paid sick leave, and discount programs for some products (gym membership). Furthermore, the manager will have an opportunity to receive training, including some company-paid external training. Line employees’ compensation...
On-the-job training and coaching will be the winning training types in the case in question. On-the-job training is one of the most common and efficient training strategies utilized in various types of companies. The owner can become the coach for line employees, and this responsibility can be passed to the...
The selection methods that can be effective include application forms and CV reviews, personality tests, and interviews. When searching for line employees, it can be effective to review CVs that are available online. Although no advanced skills are required, CVs and application forms show applicants’ readiness to work and their...
It is possible to use such recruitment methods as print advertising, social media, and employee referral. Since the restaurant will be situated near the university, students or future students can be hired. The most appropriate form of print advertising can be advertisements in the university periodicals or direct distribution of...
The line employee will perform various tasks to address the needs of the customers. Line employees will serve and prepare food, as well as perform cash-in procedures and keep the restaurant neat and tidy. The line employee’s responsibilities are serving and preparing food, performing cash-in procedures, cleaning the restaurant, complying...
The job of a store manager involves interaction with customers and line employees and management of the resources necessary for the excellent performance of the restaurant. The manager recruits line employees, oversees their compliance with the set standards, and ensures the proper maintenance of the restaurant. The manager also arranges...
Considering that over the years of its work, the hospital experienced significant fluctuations in operational volumes and activities, it uses a flexible budget. As noted by Baker, Baker, and Dworkin, flexible budgets are more adjustable compared to static ones and, therefore, allow forming a more realistic financial picture. Overall, the...
My organization uses different types of budgets, including the long-term capital budget and responsibility budgets that are utilized to evaluate the performance of separate hospital units. However, when it comes to an operating budget, the hospital has only one. This budget is a comprehensive document that comprises operating plans, cost...
IS Type Employee payroll management system Justification The main elements depicted in this scheme are employee data and payroll system access. The system displayed in the picture is an employee payroll management system, which collects relevant data such as information about the individual, work specifics, managerial reports. This data is...
The change management board is involved in the process of change management that introduces changes and updates into the organization’s computing environment. According to the formal procedure, managers “authorize the change request” that should be approved by a change management board. A change management board is important for critical systems...
If I were to survey employees about the importance of pay in making job decisions, I think most of them would understate its value. The healthcare industry is rarely associated with earning money, and most people decide to work in this sphere because they possess specific personal values. Therefore, money...
If I noticed that supervisors were habitually making errors in rating employees, I would encourage them to take a course. This problem is common, and I think that a training program could help them address the root cause of their errors and guide them in the right direction.
If I were a unit supervisor, I would rank the setting of clear and challenging work goals as more important than encouraging employees to participate in the decision-making process. Whereas each employee could benefit from clear performance goals and expectations, not every person in the team would like to participate...
The biggest problem with integrity testing is that it is not particularly accurate. Similar to any other test, the results of the integrity evaluation can be faked. Also, most such tests are based on hypothetical situations or past experiences, which is a somewhat subjective way to determine whether the person...
If I were hiring a new employee in the work unit, I would rank personal values as a crucial quality. Healthcare is an extremely responsible industry, and hospital settings can be challenging for any person. If the employee does not have integrity and work ethics, it will be hard for...
Resistance to change is widespread in healthcare organizations, and as a manager, I should be able to choose the best approach for helping the employees embrace it. Telling them what to do would work best when there has been a legal change in healthcare. In this case, it would be...
The merger is often associated with greater access to resources, lower cost, and other benefits. It is defined as “the blending of two or more corporate entities to create one new organization with one licensure and one provider number for reimbursement purposes.” However, studies on the impact of hospital mergers...
The phenomenon of ethics in the workplace can be approached from several theoretical standpoints. These ethical theories are divided into two key types, which are consequentialist and non-consequentialist theories. As the name suggests, consequential theories evaluate the ethical potential of a specific decision based on the effects that it produces....
Maintaining ethics in organizational decisions is critical for a firm to retain its positive reputation and build a loyal customer base. However, when underestimating the significance of a strong and well-developed organizational ethic system, one is likely to experience difficulties complying with the set business ethical standards. Diffusion of responsibility...
Depending on the risk, the environment, and the resources available, the strategy of addressing a particular emergency issue may be altered considerably, therefore, deviating from what the standard guidelines suggest to do in a specific situation. In the case described by Vogt and Sorensen, the emergency situation was quite drastic....
A company may fail to offer employment to a smoker based on company policies. If smoking does not interfere with performance, it should not stop an employer from promoting an employee.
The objective of employee performance evaluation is to identify competencies held by employees and to reveal areas of weakness in the human assets that should be fixed through training and development programs.
SMART goal: Build a team of six members and integrate their competencies to complete an organizational project in two months.
When there is a surplus of labor, a company should downsize the labor force, and when there is a shortage of labor, the company should make a decision to employ new human assets.
The desirable end results are organizational growth and success in the business process.
The ADRM model would help the company to develop an HR base that satisfies the pressures from the internal and external environments of the company. The model would also help HRM management to effectively manage, reward, and maintain HR.
a. Willing and Able to perform at the job – Laissez-faire leadership because the employee would not require constant supervision.b. Willing and Not Able to perform at the job – Participative leadership to cooperate with the employee.c. Not Willing, but Able to perform at the job – Coercive leadership to...
One of the ethical dilemmas that face HR administration is fairness in recruitment. Some HR managers may fail to consider equal opportunities through affirmative action in relation to race in a multicultural workplace. Compensation policies also present ethical dilemmas for HR administration.
A component of skilled leadership is the ability to recognize the importance of power. There are many so-called leaders who simply wanted the glamour and prestige that comes with their position. The desire for power is rooted in need to have control. The desire for power can be explained by...
Collaboration is basically working together towards a common goal, but it is easier said than done. Therefore, it is important to realize the value of collaboration. Without a clear understanding of collaboration, it is easy to be frustrated and discouraged because the requirements needed to achieve true collaboration can be...
A learning organization seeks to consolidate information and to encourage innovation. There is no learning without innovation because the logical consequence of learning is the creation of insights that provides a better view of the world. If there is true learning, then policymakers and implementation agents are able to see...
Before a policy can be implemented, there is a need to test the validity of the said plan or policy. For example, it is important to determine if the program objectives listed under a particular project are achievable. Therefore, if a particular policy fails in the testing phase, then there...
Strategies that can assist in forestalling The Abilene Paradox are those which can create an organizational atmosphere that promotes alternative views and encourages group members to express their concerns and reservations. In such an environment, negative fantasies and anxieties are reduced. The first and most effective strategy is to examine...
Height is one of the major aspects of organizational structure that strikes the right balance between serving the customers and addressing the needs of managers and employees. The size of a non-profit organization depends on the number of activities and customers. Large organizations will often use tall organizational structures in...
I believe that diversity in the board of any organization plays a great role in enhancing the effectiveness of the board. Gender diversity leads to better performance, a wide range of talents, and increased market responsiveness. Research and studies indicate that organizations that have included women on their boards have...
I believe that the recipe for a good board illustrated in J. Solomon’s book “The Role of Boards in Corporate Governance” is appropriate. Based on my assessment, the list contains good and necessary ingredients for making a good board. The list of preferences might be different, but the combination leads...
Based on J. Solomon’s book “The Role of Boards in Corporate Governance,” I believe that non-executive directors on the company’s board have an important role to play in the operation of the corporation. Studies have revealed that non-executive directors play a role in the success of a company. As such,...
Aggressive risk management is not a realistic risk management approach because it can turn out to be too expensive for the efficient operation of the critical infrastructure. The losses made in terms of reduction or disruption of civil liberties can lead to a situation where the public feels restrained from...
The method utilized in the study suggests that an emphasis on lean management and transformational leadership will improve the quality of care, reduce burnout, and decrease turnover rates, which in turn would decrease costs.
Lean management is a concept adopted from manufacturing that suggests streamlined and simplified supply chains and constant interaction between hospitals, nurses, suppliers, and patients.
Recent studies identify the improvements in patient safety as an alternative means to reducing nurse and staff salaries.
One of the recommendations provided in the article includes improvements in the quality of the working climate as a means of reducing costs and increasing the quality of the provided services.
Job satisfaction constitutes positive feelings resulting after a job well done. Motivation, on the other hand, is a conglomerate of intrinsic and extrinsic factors that inspires one to excel.
Transactional – relies on a chain of command and formal relationships;Passive avoidant – a word used to describe a lack of leadership;Transformational – leads through empowerment.
It is possible to say that Nayar’s decision to establish the “trust pay” system is not necessarily a good one as high pay is not always enough to motivate employees. Moreover, instead of improving the company’s immediate financial position, this initiative deteriorates it. It may be presumed that by aligning...
HRD initiatives introduced by Nayar focused on employee empowerment since they were expected to be key actors in driving the change in the company and improvement of its overall performance and innovativeness. To do so, Talent Transformation and Intrapreneurship Development program focused on the promotion of an in-depth understanding of...
To modify the organizational culture, the president Nayar implemented the steps included in Lewin’s change model. Firstly, he unfroze the existing situation by making employees aware of the need for change. As part of the shared diagnosis process, he forced all involved stakeholders to re-examine the core of the business...
One of the central reasons is the lack of the appropriate organization. As it becomes evident, it is not enough just to include diverse people and provide them with an opportunity to become leaders. However, it is fundamental to guarantee that all members understand the current goals and know each...
Conflicts and ethical dilemmas are an integral part of any group of people because of the peculiarities of interaction between them. As for me, I was also involved in several ethical dilemmas at work. The central cause of their appearance was the lack of understanding and inability to consider the...
Every organization has its own ethics policy that regulates its functioning and prevents the emergence of dilemmas deteriorating the cooperation between workers. The current hospital’s approach includes a strict prohibition of all actions that can be considered unethical. These include intolerant attitudes to colleagues and patients, misconduct, harassment, bullying, discrimination,...
Assimilation strategy comes into play when merging companies seek to bring workers up to speed with respect to the culture of the emerging organization and the way they ought to interrelate with one another and customers. Companies usually tend to adopt an assimilation strategy where the acquired firm has a...
The best conflict management approach for a global management consulting company is the collaborating style. This is because a consulting company has experts (consultants) tasked with the provision of professional advice and who are skilled in open discussion of matters and search of alternative resolutions with honesty and dedication as...
All employees within the organization participate in quality assurance. Therefore, the TQM program needs to incorporate health, safety, and diversity considerations in order to ensure the necessary degree of commitment. Employees must be aware that the quality of a product is not achieved at the expense of their well-being. Thus,...
Total quality management (TQM) is a set of managerial practices and strategies aimed at establishing a culture of continuous improvement. TQM involves all members of the organization in a unified effort to improve the quality of their product and the efficiency of organizational processes within the company. According to the...
Supply and demand are the core concepts of a market economy. Supply is the representation of the quantity of product or service available on the market at a given time. Demand illustrates the quantity necessary to satisfy the demand required to satisfy the needs of consumers. The relationship between supply...
Quality control (QC) and quality assurance (QA) are two fundamental concepts in the field of quality management. Due to the existence of multiple definitions of the words “control” and “assurance” the terms are often used interchangeably to identify the practices and actions aimed at ensuring the quality of products and...
Performance measurement systems are developed in order to analyze the effectiveness of working processes and strategies chosen by organizations, departments, or individuals. In other words, the use of performance measurement systems allows comparing actual achievements with the planned development. Nowadays, the most prominent performance measurement systems used in various business...
a. A fixed salary allows the manager to focus on long-term and safe company operations. However, it does not offer any incentives for maximizing the value of the company. b. Company stock as a form of compensation helps align the manager’s interest with the interests of shareholders. However, this option...
The first truth is as follows (truth 9): “run before you walk.” Its relevance lies in the fact that an active position described by the author is an integral component of successful work and recognition by both colleagues and management. The whole process of evaluation and implementation of any business...
The development of an effective management team is key to companies’ success. People have different perspectives and values (decision-making), which enables teams to find the most viable strategies. Companies often have to seek funds and address investors. One of the common mistakes is addressing a well-known investor or a group...
A company’s preparation regimen includes its hiring decisions, the process of strategy-making, as well as the firm’s funding sources. The process of strategy-making should be characterized by the use of emerging strategies. Companies should try to predict the evolvement of a new market, but they cannot be completely confident in...
“Survey on HR” The media survey experience was very enlightening. I was able to confirm some of the things I learnt in class. The questions asked tried to identify the different roles of nurse managers and human resource specialists. Admittedly, many people confuse the role of the two in a...
The most challenging aspects of compensation and benefit plans for the international organization include differences in labor laws, market rates, hardship, and taxation regimes. For instance, it would be impossible to have the same plan being applied in the UK to be used in Nigeria. In the UK, the cost...
Layoff is not very effective since it disrupts the very foundation that holds a company as a performance unit due to reduced capacity and lowered morale. Although economic conditions present tough choices to make, relying on them to lay off employees might be detrimental in the long-term, through the loss...
a. There is a need to reduce operating costs at the XYZ Company because it has not been profitable for the last two years. The first option would be to improve on the production efficiency, especially in the supply chain. The second option would be to cut the secondary benefits...
a. When reducing the benefits, I would start by selecting secondary benefits that would not have a grave impact on the lives of the employees. For instance, between entertainment and periodic target benefits, I would reduce periodic target achievement benefits since it would not interfere with the constant salary that...
The 360-degree feedback is a very effective performance management process since it is holistic and self-sustaining, irrespective of the work environment. Specifically, the process has internalized the financial and non-financial aspects of employee performance with a matrix that reviews the feedback periodically against preset standards. The symmetrical performance management system...
a. The primary challenge is balancing inter and intra-team relationships, especially within the dynamics of the team-based pay-for-performance approach. Specifically, it isn’t easy to control group politics and professionalism in encoding and decoding remuneration information among team members. For instance, sustaining the hierarchical order without being perceived as practicing favoritism...
Rollins college should primarily focus on changing its attitude so that the staff and administration are more in sync while creating a business model that is innovative. Furthermore, similar to Southern New Hampshire University, Rollins college can adopt new technology and facilities that encourage and supports distance learning. All these...
The President failed to use practically every decision-making component. There was evident faculty division which resulted in low loyalty and team value. He failed to learn from the mistakes of creating the new department, which was met with opposition. The President showed overconfidence by making a bold statement that went...
An incentive scheme program is a scheme established in companies to reward and motivate their employees. Incentives also apply as an arrangement to attract new customers and maintain the existing ones. There are various types of incentives, and different companies normally adopt the programs that suitably correlate with their operations....
The switch from time rate to piece-rate affects recruitment. The transition of increasing the workers’ wages to increase their productivity and efficiency is a possible cause for unemployment. The enhanced workforce productivity rules out the need for more workers, and the workers’ wages are higher than the equilibrium wage as...
Exchange of data occurs between different kinds of systems within a business enterprise. Transaction processing systems are the primary source of information for other systems, notably decision support systems and management information systems. Transaction processing systems collect transaction data and deliver it to both management information systems and decision support...
There are four main types of information systems in existence within firms. These systems serve operations, middle and senior administration levels. The operational level management mainly uses transaction processing systems such as order processing and hotel room reservation that monitor the flow of routine processes required to carry out business....
A transaction processing system is an automated system that carries out and documents routine transactions within the business. These transactions include keeping employee records, sales order entries, and hotel room reservations. A management information system is a system tasked with designating classified information to the different levels of management within...
Applications aim to facilitate the communication process. It positively affects the organizational business process. Moreover, some applications contribute to better organization and time management.
Every company aims to use its resources and capabilities to produce high-quality goods. The effective usage of the resources influences the company’s work positively and, combined with outstanding management strategies, can lead to prosperity and success.
The operational level involves employees that are guided by the managerial level of the organization. Managers ensure that the working process performs successfully, set long and short-term goals, and check whether the company’s objectives are reflected in the working process. The executive level provides people with higher responsibilities. An example...
Systems knowledge and skills are connected with systems integration, critical thinking, problem-solving, and development methodologies. System integration is defined as connectivity and compatibility of systems. Critical thinking and problem-solving are linked to challenging other’s assumptions, problem identification, and information analysis.
Business knowledge and skills competencies include communication that is verbal, written, technological. The second component is people and project management skills that involve planning, organizing, and leading. The last two components are social skills that include group or interpersonal skills and business integration linked to the core business processes.
According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...
GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...
The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...
Historically, the ready-to-eat (RTE) cereal breakfast industry was characterized by relative stability and substantial profitability. The RTE market was dominated by the Big Three, such as Kellogg, General Mills, and Philip Morris, which created significant barriers for the entry of new brands. The main reasons leading to the current industry...
Some managers in the General Electric Company are opposing the efforts of Jeffrey Immelt to reduce carbon dioxide emissions because they do not believe that the emissions cause global warming. Since Jeffrey Immelt thinks that carbon dioxide emissions cause global warming, he has vowed to transform the company into a...
Autocratic leadership style Advantages Autocratic style of leadership is very effective in times of emergency or stress since people will always work from orders or commands of their leaders. Such times require a leader with the ability to give instructions or guide and direct to those under his or her...
Some devices used for temporary work zone situations include cones, orange and black work zone signs, flags, drums, arrow panels, and pavement markings. Explanation: These different devices are used as safety measures; they are designed to alert people about possible danger and prevent unfortunate health effects. For example, if the...
The correct answer is a) a portfolio of with a high percentage of stocks. Explanation: In today’s financial marketplace, a solid portfolio is essential to any investor’s success. There are many strategies that you can adopt when building a portfolio as a young investor. Overall, it is recommended to have...
Some devices that are used for temporary work zone situations are cones, barricades, drums, arrow panels, flags, pavement markings, and orange and black work zone signs. Explanation: The main purpose of these devices is to warn drivers and pedestrians of danger and make them pay attention to the road. Some...
A cutting board must be set aside and shown to a manager when it is used for cutting products that can cause cross-contamination. Explanation: For example, if an employee handled raw meat and then sliced some fruits without washing the board, it is possible to transfer pathogenic bacteria from one...
The NIMS managers start planning and preparing for the demobilization process when it is clear that the situation requires a collaborative approach that includes personnel from several organizations. Explanation: NIMS, or the National Incident Management System, is a special structure for managing multi-jurisdictional or large-scale incidents. It works and is...
Cross-docking and inventory management are the elements of logistics. Cross-docking means that little or no time is spent on the storage of materials being supplied from the manufacturer to the buyer. Inventory management is the systematic approach to ordering, storing, and using a company’s inventory. As a system, logistics also...
Group cohesiveness is the principal by-product of the norming stage of team development. It is highly significant as social interaction between group members and the similarities of their interests and natures form strong interpersonal bonds that help to achieve corporate goals. Explanation: Group cohesiveness, or team cohesiveness, may be defined...
Data lifecycle management goals are to implement an approach based on policy in order to manage the flow of data and information. It is tightly interlinked with information lifecycle management techniques to ensure that all data pass through a specific set of stages. Three main goals of lifecycle management of...
The task that includes activating local resource requirements is the task of order and acquiring, the second step of the resource management during incidents. Explanation: Resource management is an effective process of planning and allocating the resources in order to maximize their efficiency when it is needed. For instance, there...
Business needs to prove the appropriate level of customer service that will satisfy customers’ needs, increase the number of loyal customers, and business revenue. Explanation: Logistics management is the process of establishing and controlling the efficient flow and storage of a product in order to comply with customer’s requirements. One...