Tag: managerial

Differences Between Managerial And Financial Accounting Essay

Differences Between Managerial And Financial Accounting Essay

… which they are forced to respond to the matter superficially. Both results serve to aggravate the initial problem and prevent learning and improvement” (McMann and Nanni, 1994: 55-56). This shows the importance of an adequate paying for performance system that not only fulfills all the characteristics of a sound …

Read More Read More

Managerial Competency Essay

Managerial Competency Essay

Vision and Setting Expectations

It is important to be able to give clear direction to employees or team members. They must understand what the objectives are to meet the goals of the the department and ultimately the organization. There should be a strategy involved in how to map out the tasks to link in with the broader goals of the organization so that the employees can see that they have a role in the growth of the firm. Meeting the objectives within your team is not just work as usual it is a priority that helps to improve the productivity of the organization. This is important in staying ahead of the competition and ensuring customer satisfaction. It helps to instill in the team that their individual skills and talent is needed to help in fulfilling the vision for the department and again the organization.

Read More Read More

Intuition In Managerial Decision Making Essay

Intuition In Managerial Decision Making Essay

Intuition refers to a man-made mental function because it captures a situation in totality. It thus permits persons to subconsciously evaluate isolated data components plus experiences and congregates them into a single integrated entity. Intuitive decisions are made when the persons making such decisions attribute the decision to some indistinct impression of perceiving something while not exactly knowing why or how. Intuitive procedures emanate from long familiarity plus learning (Erick, Paul, 1997, 124). Such processes consist of many facts, concepts, patterns, abstractions, techniques and formal beliefs or knowledge that get impressed upon peoples minds.

Read More Read More

Managerial Functions in a Distressed Economy Essay

Managerial Functions in a Distressed Economy Essay

The main objective of this paper is to provide an understanding as to how managers can contribute to maintain the job security and the confidence of the employees. In any company, with the changing dynamics of the economy, there are several downsizing techniques that are taking place along with transfers from one position to another. It is the duty of every manager to take on the responsibility of understanding the employees at the time of need because they are the ones with whom the employees spend 8 to 10 hours of the day.

Read More Read More

Managerial Economics: Calculation Example Essay

Managerial Economics: Calculation Example Essay

1. The demand for MICHTEC’s products is related to the state of the economy. If the economy is expanding next year (an above-normal growth in GDP), the company expects sales to be $90 million. If a recession occurs next year (a decline in GDP), sales are expected to be $75 million. If next year is normal (a moderate growth in GDP), sales are expected to be $85 million. MUCHTEC’s economists estimate the chances that the economy will be either expanding, normal, or in a recession next year at 0.2, 0.5, and 0.3, respectively.

Read More Read More

Managerial Communication Essay

Managerial Communication Essay

Communication is a very important tool in any organization. It is through communication that managers of an organization provide information that is necessary to the rest of the employees on how to get work done in an effective and efficient way. Communication is so vital to an organization that it is understood that the level of success of any organization depends on the communication strategies that have been deployed (Simons, 2002). Communication also is very important during recruitment and training off new employees. Usually the human resource department is the one that is charged with this responsibility in most organization. As the junior vice president of the organization, it implies that the kind of communication that will be given to the new employees is managerial.

Read More Read More