Premium Essay

Unit 5 - Ip1 Business Management

In: Business and Management

Submitted By jmw54
Words 315
Pages 2
[pic]

As a consultant, I was asked to provide a fast growing organization the definition of control and its benefits. Also I am required to provide upper management the recommendations for control actions to be taken immediately. With this, the organization will no longer have concerns of pilferage, longer breaks, and a sloppy accounting.

As mentioned, control helps the organization monitor its activities and ensure goals are being met. Within the control process managers must have standard operation procedures and measure its performance. If any variances exist between managers must react accordingly and ensure the process is back in control. An effective control will be accurate, timely, economical, flexible, and understandable. With these controls, many benefits will be provided to the organization, such as improved customer service, cost savings, accelerated delivery times, improved quality, inventory reductions, improved logistics management, increased sales, and increased market share.

As a consultant, I will recommend three approaches to ensure the organization has full control of its employees and process. The recommendations mentioned above, market control emphasizes in external market mechanisms to help establish standards within the organization. The second approach is bureaucratic control which emphasizes in organizational authority and relies on administrative rules, regulations, procedures, and policies. Finally, the third approach is clan control, here an employee behavior can be regulated based on shared values, norms, traditions, rituals, beliefs, and other organizational culture, you may have to offer. With these recommendations implemented, the operations management, such as people, materials, are brought together and will meet the organization’s goals.
Control and efficiency are key to an organization’s success. With a…...

Similar Documents

Premium Essay

Marketing Management Unit 5

...the lowest possible prices. (Costco.com, n.d.) The company has continued to be a leader in the service industry, this is reflected in the 66.5 million memberships it has worldwide. (Costco.com, n.d.) Although the company originated in the United States, it has expanded its business internationally. Warehouses can be found in Canada, Australia, Korea and Mexico to name a few. Aside from the United States, Canada and Mexico offer many locations, consumers can find eighty two warehouses in nine Canadian provinces and thirty two in eighteen Mexican states. Two countries who are still expanding the Costco name are Korea, which offers eight locations and Australia which offers three locations. The company has kept their marketing strategy very simple in that they allow their members to do all the work. Joel Benoliel, senior vice president in memberships and marketing, states "If we do a superb job of delivering value to members, they will be our best ambassadors and we don't need to buy time in television, in radio or magazines and newsprint because the best kind of advertising is word-of-mouth.” (Frazier, 2005) Although Costco relies on member’s to spread the word, they do target small-business owners as its primary target market. The company’s merchandising strategy is to provide high quality merchandise at prices lower than their competitors and give their members great cost savings. A Costco offers about 4,000 items and the products vary upon the country......

Words: 1213 - Pages: 5

Premium Essay

Aspects of Psychology Unit 2 Ip1

...Psy206-1004A-101 Aspects of Psychology Unit 1 IP1 Kevin J. Penn September 10, 2010 American InterContinental University Online Abstract The following compares and contrast of Naturalistic Obersavation and Correlational research. Which includes the research techniques reliability and validity strengths and weakness and generalizability. There are many different ways of collecting information and data to compare different types of things that happen from the past, present and to help predict the future. The research methods that I have compared are Naturalistic observation and Correlational research method. Like any thing else that they are more than one way of obtaining something there are differences and similarities that researchers can use to help them obtain their objective. The correlational research method is one in which the facts are utilizes facts to form links with an assortment of dependent variables. In most cases it is the one that is used first to give a basis before experiments can begin. There are three types of correlational research, observational, survey, and archival (Schmidt, 2000). Observational research includes items that can be tangibly recorded, for example, reporting for work and production. Survey research refers to the statistics that can be found by questioning subjects; for example, comparing the associations between couples who live together and divorce rates (Schmidt, 2000). Archival research......

Words: 762 - Pages: 4

Premium Essay

Unit 5

...infrastructure in the US provides power to consumers, but does not information on how the consumers are using the energy when the smart grids are. It uses digital technology to save energy, reduce costs, and increase reliability and transparency. Without the smart grids, the electricity infrastructure is outdated and inefficient. 2. What management, organization, and technology issues should be considered when developing a smart grid? When it comes to smart grids, being aware of the amount of energy you use in a household is important to remember. It would definitely help manage the amount of power used every month and allow consumers to make more intelligent decisions regarding it. The organization that should be considered is allowing the consumers to access information about their usage of energy consumption and production every month. This is where the technology comes into play. You shouldn’t want an outdated and inefficient infrastructure. Going digital, just like the smart grids are, would be good to do. Having fast technology that is reliable and quick enough for the consumers to use will build satisfaction in the business and help out a lot. 3. What challenge to the development of smart grids do you think is most likely to hamper their development? Installing smart grids are very expensive. We have economic problems we have in our country now, which will make consumers more skeptical about installing smart grids for their household. Not only that, but the...

Words: 2332 - Pages: 10

Premium Essay

Unit 5

...UNIT 5 INDIVIDUAL PROJECT BUSN105 – Introduction to Business by La’Ketica T. Moore AIU Online April 22, 2013 Abstract In this unit I was asked to describe an organization basic legal, social, and economic environment. I am asked to describe the management structure and its operational and financial issues. Research and identify the impact of potential change factors including the role of technology. UNIT 5 IP Introduction The organization that will be discussed in this paper is healthcare this organization is important to this writer because it is her chosen field of employment. It is important to learn about healthcare because of all the recent changes to the law on a state, local, and federal level. This writer feels in order to learn about the healthcare regulations you need to learn about your rights as either a provider or as a patient. Basic Legal Environment The healthcare industry has come up on several changes over the past years that lead to lawsuits. Some of the legal issues that the healthcare has to deal with would be HIPPA which is the Health Insurance Portability and Accountability Act which protects the privacy of individually identifiable health information. OSHA assures the safe and healthful working of men and women by setting and enforcing standards and providing training, outreach, education and assistance. Patient documentation and communication which sparked the malpractice lawsuits over a decade ago, in keeping the patient......

Words: 841 - Pages: 4

Premium Essay

Unit Ip1

...Unit 1 Individual Project 1 Unit 1 Individual Project November 11, 2012 Unit 1 Individual Project 2 Unit 1 Individual Project Roman Geography: The geography that made up Rome was Mediterranean just like the geography of Greece, but at the same time was completely different. Rome was located inland on one side of the Tiber river and did not have the naturally occurring hills to keep tribes out. | Greek Geography: Another Mediterranean area Greek towns and cities unlike the romans have rolling hills that separated them and proved advantageous militarily to keeping enemies out. | Roman Art: Roman art is to be considered Imitative of Greek art. The Goal of roman artists was to create realistic portraits for décor. | Greek Art: Considered Superior to roman art, The goal of Greek sculptors was to create and ideal artistic form. | Roman Economics: Based off of agriculture, romans generally imported their wheat and annexed provinces the provided it the romans also farmed and engaged in trade Rome was depended on slave labor till late empire. | Greek Economics: Agriculturally based, Greeks lived in small wheat producing farms; Eventually big estates took over and started producing wine and olive oil, which where chief exports to the romans. | ......

Words: 333 - Pages: 2

Premium Essay

Business Environment Level 5 Unit

...characteristics of the business cycle. (7 marks) (b) Discuss the impact of the different stages of the business cycle on decision-making in a manufacturing business. (6 marks) (Total 13 marks) Q2 Discuss the advantages and disadvantages of globalisation for developing countries. (13 marks) Section A You must answer all three questions in this section. Questions do not carry equal marks. The mark allocation is shown after each question. Section A is worth 40% of the total marks available for the paper. Q3 (a) (b) Explain how the food industry spans the three sectors of the economy. (4 marks) You run a successful catering business and are looking at options to expand. Discuss the advantages of franchising as a method of expansion. (10 marks) (Total 14 marks) End of Section A Maximum marks for Section A: 40 5TBE1213 EITHER: Q4 (a) At present your organisation has a very tall hierarchical organisational structure and it has been suggested that it should move to a flatter structure. Using diagrams, discuss the implications of this. (10 marks) marks) marks) marks) marks) marks) (b) Using an organisation of your choice, discuss the advantages of a matrix organisational structure. (10 (Total 20 OR: Q5 Many businesses operate in a complex and volatile environment. (a) Discuss the implications of environmental change for businesses and their stakeholders. (12 (b) Explain one model that a business could use to monitor its external business environment. Use......

Words: 443 - Pages: 2

Premium Essay

Unit 5 Business Accounting

...MANIA 2013 BTEC L3 BUSINESS DIPLOMA UNIT 5 BUSINESS ACCOUNTING TINOTENDA MARECHA LAMBETH COLLEGE CV FASHIONS/T-SHIRT MANIA 2013 BTEC L3 BUSINESS DIPLOMA UNIT 5 BUSINESS ACCOUNTING TINOTENDA MARECHA LAMBETH COLLEGE CONTENTS DETAILS PAGE NUMBER PURPOSE OF ACCOUNTING-P1 | 2 | CAPITAL INCOME,EXPENDITURE AND REVENUE INCOME AND EXPENDITURE-P2 | 3 | CASHFLOW STATEMENT-P3(FIND ATTACHED CASHFLOW STATEMENT) | 4 | TRADING,PROFIT AND LOSS ACCOUNT-P4 | 5 | BALANCE SHEET-P4 | 6 | RATIO ANALYSIS:PROFITABILITY AND LIQUIDITY | 7 | EFFICIENCY AND INVESTMENT RATIOS | 8 | M1 | 9 | M2:RATIO ANALYSIS | 11 | D1 | 12 | D2 | 14 | CV FASHIONS P1: WHAT IS THE MAIN PURPOSE OF ACCOUNTING WITHIN A......

Words: 4454 - Pages: 18

Free Essay

Unit 5

...confide to all aspects of the polices and procedures in quick timing. Another negative about having all polices and procedure is that they are constantly being reviewed and updated which makes it difficulty to apply them within each particular case. Polices and procedures are very lengthy and usually written using very tequnical language which makes it difficult for individuals to understand and incorporate them into particular case. Polices and procedures can also have a negative affect on responses to suspected abuse cases as health and social care professionals may fear not compliding with all polices and procedure therefore may or may not act on things when needed. (Sources of the information used: Wikipedia) ----------------------- Unit 10 – caring for Children and young people Molly Harvey Pass...

Words: 2104 - Pages: 9

Free Essay

Mm225 Unit 2 Asignment Business Management

...Unit 2: Instructor Graded Assignment Equations In this and future Instructor Graded Assignments you will be asked to use the answers you found in the Unit 1 Assignment. Note: For these questions you need to cite a reliable source for information, which means you cannot use sites like Wikipedia, Ask.com®, and Yahoo® answers. If you do use those sites the instructor may award 0 points for your response. The Assignment problems must have the work shown at all times. The steps for solving the problems must be explained. Failure to do so could result in your submission being given a 0. If you have any questions about how much work to show, please contact your instructor. Assignments must be submitted as a Microsoft Word® document and uploaded to the Dropbox for Unit 2. Type all answers directly in this Assignment below the question it applies to. All Assignments are due by Tuesday at 11:59 PM ET of the assigned Unit. Finding the National Average Price for Gas These first few questions will require you to use the internet to search for the national average price for gas. Remember to use a scholarly site for information. List the website(s) you visited here: http://fuelgaugereport.aaa.com/todays-gas-prices/.com 1. (2 points): What was the average price of a gallon of gas 1 year from when your business math class started? A month ago the national average gas price was 2.035 2. (5 points): You have $50 on hand and need to buy gas. How many......

Words: 1068 - Pages: 5

Premium Essay

It109 Ip1-5

...Curtis McCormick Colorado Technical University IT190-08 Introduction to IT Professor Vandercreek April 13, 2015 Contents Section 1: Information Systems Overview 3 Section 2: Information Systems Concepts 7 Section 3: Business Information Systems 10 Section 4: System Development 14 Section 5: Information Systems and Society 15 References 16 Section 1: Information Systems Overview Caesar’s Entertainment Inc. is a global gaming company which brings in revenue from recreational gambling. This company operates casinos on several continents including North America, South America, Europe, and Africa. It is known as one of the largest casino gaming enterprises in the world and as such requires numerous information systems. From its famed Caesars Palace in Las Vegas, to the well-recognized Harrah’s brand located throughout the United States, this company is visible to most who have gambled in their lifetime. A gaming company of this magnitude requires serious information systems in order to keep track of play among customers, amount won/lost, as well as length of time playing. This does not include their systems for food and beverage, and shopping outlets either. Most of these information systems end up working together to show management and executive personnel daily, weekly, monthly, and quarterly financial data. Caesars Entertainment Inc. utilizes all three information systems. For its day to day operations in restaurants, shopping outlets, and......

Words: 5609 - Pages: 23

Free Essay

Unit 5: Food and Beverage Operations Management

...UNIT 5: FOOD AND BEVERAGE OPERATIONS MANAGEMENT Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand different food and beverage production and service systems Food production: systems eg traditional, batch cooking, call-order, centralised, assembly kitchens, sous-vide, cook-chill, cook-freeze Service: systems eg table service, counter service, à la carte, table d’hôte, silver service, family service, plate service, guéridon service, specialist food service systems Recipe and menu factors: recipe suitability and modification; customer perceptions; choice of products; flavour and appearance of dishes; nutritional value Cost implications: system costs; equipment; staff; products Staffing implications: system skills and de-skilling; job specifications; training; levels of output Application: within the hospitality industries eg hotels, restaurants, pubs, clubs and nightclubs, contract food services, hospitality services, membership clubs, events and specialist operations, banqueting, fast food, in-flight catering LO2 Understand the financial processes used in food and beverage operations Financial statements: dish costing sheets; cost statements; operating statements; variance analysis; sales records Costs and pricing: dishes; menus; beverage lists; sales mix; net and gross profit; fixed, variable, direct, indirect cost; cost elements; VAT; discounting Purchasing process: requisition of equipment and supplies; purchasing options; purchase......

Words: 969 - Pages: 4

Premium Essay

Unit 5

...organization you will often be involved in change. New processes, new business models, new customer requirements and new technologies will create forces for change in your business. To effectively manage change it is important to understand the eight step model. Learning Materials Kotter's Eight-Step Model for Leading Change According to Kotter, organizational change is a multistep process rather than a single event. Kotter refers to this as the transformation process. It has several stages that build on one another, and it may take quite a long time. Those who lead change must follow an eight-step process to bring their organization through a successful transformation: * 1. Establish a sense of urgency. Leaders within an organization should work to inspire members to sense that change is necessary. Leaders should call upon members of the organization to cooperate and appeal to their shared values at this stage. * 2. Form a powerful guiding coalition. At this stage, leaders create a unified team of people who can lead the change effort. Leaders should choose members who have credibility and expertise in the eyes of employees. * 3. Create a vision and strategies for putting that vision into practice. A statement of vision for change should be easy for employees to understand. * 4. Communicate the vision. Leaders should communicate and reinforce the vision through daily activities and actions. * 5. Empower others to act on the vision. Employees must be......

Words: 351 - Pages: 2

Premium Essay

Unit 5

...PUBLIC SERVICES LEVEL 3 – 2016 UNIT 5 Part 1 – PHYSICAL PREPARATION NAME: Rohan Monsy (11024319) Unit 5 - Assessment and grading criteria | To achieve a pass grade the evidence must show that the learner is able to: | To achieve a merit grade the evidence must show that, in addition to the pass criteria, the learner is able to: | To achieve a distinction grade the evidence must show that, in addition to the pass and merit criteria, the learner is able to: | P1 describe a fitness assessment for each of the major components of fitness | M1 explain the results of the fitness assessment and measure against relevant public service entrance test | D1 evaluate results of the fitness assessment, analyse strengths and recommend improvements | P2 describe the structure and function of the muscular-skeletal,cardiovascular and respiratory systems | | | P3 undertake a fitness activity,record and identify the short-term effects of exerciseon the major human bodysystems | M2explain the short and long term effects of exerciseon the major human bodysystems | | P4 describe the lifestyle factors that can affect health | M3explain the effects ofidentified lifestyle factors onhealth and fitness, whenapplying for public service and long-term employment | D2Evaluate the effects ofidentified lifestyle factors onhealth and fitness, whenapplying for public service and long-term employment | P5 Provide lifestyle improvement strategies that can have a positive effect on health | M4Explain......

Words: 2802 - Pages: 12

Premium Essay

Unit 5

...individuals and the nation, using selected examples. | |Discuss how different types of health promotion are used to benefit the health and wellbeing of individuals and the nation, using selected | | |examples. | | M1/D1 Unit 5 |Name & type of Health promotion |Describe what it shows [Effect of alcohol & impact of alcohol] |What message is it trying to promote? |How could this benefit the individual? |How could this benefit the nation? |Is this an effective promotion? | |[E.g. leaflet/poster/video] | | | | |Explain your answer giving some examples of statistics | |Reference | ......

Words: 1717 - Pages: 7

Premium Essay

Unit 5

...IT113 Unit 5 Homework Chapter 6 1. What are the 3 basic tools required to install a plug for UTP cable? A. Stripper (the wire kind), wire cutter, cable crimper 2. What type of fiber-optic tester should you purchase to make sure the fiber-optic cable was installed without any fault and that enough light is being transmitted through the fiber, and what are the three key attributes to know before you purchase a tester? A. You want the tester to have the capability for correct fiber connectors, support the correct type of fiber (single vs. multi mode) and test appropriate wavelength. You should purchase an attenuation tester since you are testing for the power of the light transmission. 3. Which of the following supplies enables the reduction of friction on the cables while being pulled? A. Wire pulling lubricant Chapter 9 1. What are the main aspects that must be addressed when designing and installing wall plates? A. Fixed or modular design wall plate, wall plate location, manufacturer system, and wall plate mounting system. 2. Which TIA standards should you refer to for ensuring proper design and installation of wall plates? A. Residential is ANSI/TIA-570-B, Commercial is ANSI/TIA-568-C.1 3. Your commercial office building environment is expected to change over the next few years as some of the network devices that are presently installed with coax connections need to be converted to RJ-45 and some network devices that are currently RJ-45 connections may......

Words: 408 - Pages: 2