Functional Areas Of Business Essay

There has been an ongoing debate between enlisted members and commissioned officers of the United States Military about effective leadership and the scope of control. Enlisted Service Personnel are usually the worker bees, are not managerial in nature, with combat and field experience. Commissioned Officers are the leaders of the enlisted members. Commissioned Officers usually are the ones that can be personified as managers, with little to no field or combat experience. This debate stems from Commissioned Officers executing their managerial roles, how it affects the enlisted member, and how it effects the overall mission. Leadership, strategic planning, law, human resources management, will be utilized to analyze the role of a manager within the functional areas of business. Leadership Most employees will follow an effective leader if the manager exudes confidence, is not a hypocrite, and believes in the organization’s mission statement wholeheartedly. The adage, † If a manager has to claim to be a leader, it almost seems as though he or she is trying to convince themselves that they are a leader, instead of showing that the manager is capable of leading. Motivation, inspiration, and being levelheaded are great attributes in being a great leader. Managers do not have to be an efficient leader in order to get things done, however, they should know how to manage those effective and efficient leaders in order to see the project or mission through. Most effective leaders are effective by being prepared and knowledgeable with some strategic planning. Strategic Planning As the adhesive that was so meticulously put there to hold up that model ship which is encased in a glass bottle, there is a plethora of minutia detail that goes into planning. With regards to the military, it takes an almost insurmountable amount of planning just to execute even the smallest of missions. This component is imperative to have in the manager’s toolbox, in order to maintain the survivability of the organization. A person that fails to plan, he or she plans to fail. Managers have to stay on top of planning, even if it means that sometimes coming into the organization on weekends, or coming in earlier than their standard start time. The organization also depends deeply on the legal department to ensure that the organization will not fall privy to legal troubles. Read more:  Functional Areas Of Business Law There are legal boundaries that dictate what can or cannot take place in the business world. Businesses hire witty, educated, and self-starting legal individuals to interpret the laws. There is a ton of small laws that can get an organization in or out of legal calamity. It could be a zoning law issue, or a morality issue, or what is common with big organizations is an environment issue. Managers have to be cognizant and stay on top of these issues in order to be a successful manager. In order a successful manager, there have to be some exceptional employees. Those employees hire through Human Resources. Human Resources Management Filtering out among the mass applicant pool to hire the best employees that are most suited for the position, rectifying current employees pay if needed, ensuring equal opportunity to the employees are all components of what it means to be in the human resources department. Managers have a few components to deal with when it comes to human resources. According to an a Forbes’ article, administrative director at a law-firm wrote that she needed some advice. The administrator’s employee was pregnant and she wanted to find a way to fire her before the employee tells anyone. She further stated that the pregnant woman would cost the organization a temporary hire, adding that after the baby is born the pregnant woman is sure to miss work due to baby illness. (Ryan, 2014) Managers have to be aware that it is illegal to fire someone for pregnancy, and need to have the wherewithal to be firm, but understand that employees have a choice of motherhood as well as having a  career . Managers in human resources can sometimes be the epitome for the managers throughout the entire organization that set the tone for the organization. When a manager from human resources has to fire an individual, if they are not careful the methods that are used can be detrimental to the entire organization. If the manager calls, emails, or texts the individual that in two weeks time that the person will be fired or laid off, that individual now has time to sabotage, slack-off, give trade secrets to competitive organizations or do something physically harmful to himself or the people at the organization. If the manager tells the individual that is to be fired to come into the office and let’s discuss some of the options that a person may have face-to-face, makes that terminated employee somewhat at ease. The terminated employee will not have to tackle this daunting situation alone. Supply Management In order to stay relevant in business, managers understand that they must have quality products at a reasonable rate from their suppliers. However, when the rates are unreasonable, managers should seek out other suppliers that will accommodate the organization’s budget. â€Å"Mooney agrees that managers will usually be keen on a purchasing department that is good at finding savings. But, he warns, even this can be a double-edged sword, because they can be expected to be much less enthusiastic when it is their area of spend that is being touched upon.† (Wheatley, 2005) Managers have to be diligent and understand that the purchasing department, if not fully understood, can break the financial infrastructure of an organization. Conclusion Being a great leader will comprise of attributes such as not being temperamental, inspirational and having the ability to motivate. Being able to strategically plan has to be in the manager’s repertoire, in order to efficiently run the organization. Laws are meant to be interpreted by the legal team to ensure the organization does not end up in legal trouble. Human resource managers have to be careful with the way they handle terminating employees. Finding the best supplier with a quality product, for a reasonable price is what managers should reach for in order to have a thriving organization. References University of Phoenix. MBA Overview Module. Retrieved from University of Phoenix, MGT/521 Website Wheatley, M. (2005, May). Supply Management. 10-11. Ryan, L. (2014, April). You Think Your Manager is Slimy? Check Out These Guys. Forbes, (), . Retrieved from http://www.forbes.com/sites/lizryan/2014/04/08/you-think-your-manager-is-slimy-check-out-these-guys/

Contenporary Management Issues1 Essay Example | Topics and Well Written Essays - 2500 words

Contenporary Management Issues1 - Essay Example ng effective steps in performing social activities to enhance their brand image and to conduct operations with better social initiatives for the development of a community as a whole (Hohnen & Potts, 2007). In the year 1996, Oman Oil Company (OOC) was established and it is owned by ‘Government of the Sultanate’. The company deals with petroleum products and natural gases. Contextually, OOC is regarded as the main base of the Omani economy. The company is also considered as an important source of Foreign Direct Investment (FDI), which is accountable for the development of the economy as a whole. In addition, the company has participated in CSR activities in national as well as international level. The company has adopted CSR policy as an integral part of business strategy with the aim of ascertaining that business operations are performed for the development of communities as a whole. Every year OOC contributes millions of funds for local community development. Moreover, it is worthy to state that OOC has achieved awards for its CSR activities in national levels. As a part of the CSR activity, OOC developed a partnership with â€Å"Oman Society for Petroleum Service (OPAL) † to provide technical and vocational training to local youths and its present employees (Oman Oil Company, 2012). In this regard, the objective of the essay is to highlight Four-Part of Model of Corporate Social Responsibility activity. The four-part model of CSR comprises economic, legal, ethical and philanthropic, which are described on the basis of CSR policies adopted by OOC. . Moreover, the essay describes the challenges faced by the company in the areas of business ethics and CSR activities. Globalization has transformed the picture of organisations. In modern scenario, organisations have used varied kind of activities to enhance their growth level. Notably, CSR is an activity, which makes a particular organisation different from others. Moreover, CSR is regarded as a new form of

Credit Cards Essay Example | Topics and Well Written Essays - 250 words

Credit Cards - Essay Example Being a student credit card can be a very useful first step toward financial independence. It is a way of building the kind of credit that can help secure my loans, housing, even employment in future. I also need immediate communication on my spending without necessarily traveling. A credit card can also be the step number one toward the kind of debt that leads to collection calls and sleepless night. Therefore, I have to make a wise decision to meet the above basic needs and within the shortest time possible. As a student and a young adult, I want to establish a credit history. Therefore, given a chance to make a decision on which credit card type to apply, I will certainly go for a student credit card. This card will allow me as a student to use my time in college to build up credit so that once I graduate I will have a good credit foundation. A student credit card can be from the same institution where I have access; I can check my account anytime. All my financial information is in one place, and payment becomes an easy task of transferring fund between accounts. In addition, just like other credit cards, a student credit card reduces the need for me carrying cash and checks this, therefore, avoids the risk losing it. If I make an unplanned, large purchase, a student credit allows me to buy it at once and settle later. It also gives me the opportunity to spread the cost of a large payment over a long period. It also gives me an opportunity to make purchases abroad without having to worry about local currency.

Corporation with cash and the economy Essay Example | Topics and Well Written Essays - 500 words

Corporation with cash and the economy - Essay Example We created a crisis in our minds that no fiscal and monetary tools of lowering interest rates and pumping more money can solve this economic woe. Even if there is enough money, people will adopt a conservative stance and will not spend it thus contracting the economy making government intervention pointless. This is truer with big business which was able to generate that much savings because it did not spend the money it earned from lowering its cost from downsizing its manpower and other cost-cutting measures and contributing significantly to the situation that we are in. This could be the worst form of an economic crisis-crisis of confidence. This crisis is horrible because it is psychological in nature that the traditional Keynesian solution will not work. If this situation will continue, it will not be far fetch that our economy will suffer a double dip crisis of which we may not be able to recover. It is easier said than done that had we had faith in our economy, we could have recovered already. There is available money that is enough to create jobs that will encourage domestic consumption to rehabilitate the economy. The government does not have to pump in precious taxpayers’ money in the system anymore for it to recover. We just created a fear that is debilitating us that sends a spiral of economic contagion which contracts our economy into an impending crisis. Savings may be good but when we are not using it out of fear to the effect that it contracts our economy, the effect is more catastrophic. So what is to be done? First, our policy makers must get their acts together to inspire confidence that our economy will be going somewhere. The recent debacle over the debt ceiling fueled that conservatism which is hampering our recovery. Second, we must do our part as citizens of this great country. That includes big business and us,

Report explaining the difficulties in recruiting, training, motivating Essay

Report explaining the difficulties in recruiting, training, motivating and rewarding staff in a given Financial Services company - Essay Example current employees, the research findings revealed that employees are very much satisfied with NatWest’s training and development programme including its motivational strategies and reward system. However, there is a need for NatWest HR manager to consider the importance of job analysis to increase the company’s ability of hiring the right person to perform a specific role and responsibility within the financial institution. A member of the Royal Bank of Scotland Group – the Group, the National Westminster Bank also known as â€Å"NatWest† was established back in 1968 when the National Provincial Bank and Westminster Bank decided to enter a merger contract (NatWest, 2009a). Since then, NatWest managed to establish 3,600 branches that provide the people with a wide-range of personal, business, and commercial banking services such as the use of debit and credit cards, telephone banking, home, car, and commercial loans, corporate bonds, Wealth management services, and the touch-screen share dealings which assists the UK government’s privatization programme among others (NatWest, 2009a, b) The application of effective recruitment process, training programmes, motivational strategies, and rewarding of staff are among the key issues that needs to be addressed to enable NatWest’s HR manager to keep employees satisfied with their current job. In line with this, a quantitative and qualitative research survey will be conducted to examine NatWest’s employees’ perception with regards to the company’s recruitment process, training programmes, motivational strategies and reward system. Based on the research findings, difficulties and challenges NatWest is facing will be identified. Considering the global crisis, financial institutions around the world are facing tight competition in terms of being able to capture a bigger market share as compared to other financial institutions. In line with this, the HR manager of NatWest plays a crucial role in terms of

Financial Appraisal Essay Example | Topics and Well Written Essays - 500 words

Financial Appraisal - Essay Example For ARR, the formula is also simple and easy to understand. However, it neglects time value of money and focuses on profit instead of cash flow. When calculating the NPV in public sector projects, additional factors should be taken into considerations. Because it deals with the public sector, the analysis should go beyond financial to measure the social costs and benefits of the project. For example, even if the project is financially feasible and will yield returns, negative externalities such as pollution should also be taken into account. It should be noted that a governmental institution and the public sector is not a profit maximize but is focused in bringing the highest level of social welfare. Post audit appraisal is essential at the end of the life of the project in order to assess if the initial goals or projections have been adequately met. This also measures the level of understanding of the company in projecting the future of a project. Through post-audit appraisal, the company can evaluate itself on why projections did not materialize. The learning from post-audit appraisal will enable the company to apply it in future project evaluations.

Investigation into the use of science by an environmental advocacy Essay

Investigation into the use of science by an environmental advocacy body - Essay Example 12). The report sought to provide a comprehensive and entirely practical ten year plan to exchange all the stationary energy requirements with one hundred percent renewable energy sources using proven technologies along with engineering. This deals with the common notion that the renewable energy cannot be used the replacement of fossil fuels, either as a result of under-development of the technology, or the concerns in regard to the costs associated with the technologies (Husher, 2009, p. 119). The group accepts pro-bono contributions from professionals such as engineers and scientists to take part in their projects in the same way open source software is produced and developed. The organization subscribes to the notion that the concentrations of carbon dioxide in the atmosphere are at dangerous levels that keep increasing and that even when the objective of zero emissions in the worldwide economy is attained, the concentrations of carbon dioxide in the atmosphere will still have to be decreased to a safer threshold. According to Beyond Zero Emissions, 350 ppm was the amount of CO2 in the atmosphere at which the fragmentation of the ice in the Arctic Sea started (Coghill, Sampford and Smith, 2011, p. 129). An amount in the area around 280 and 325 ppm is seen as the permissible amount and decreasing the levels in the atmosphere to this amount is appropriate and crucial. The organization believes that can be achieved through the implementation of concentrated plants that harvest solar. The prevailing levels of greenhouse gases that are in the atmosphere are already considerably high to push the climatic system way past the tipping scales (Manahan, 2007, p.215). These levels are at an undesirable risk of dangerous and permanent changes to the climate of the globe, biodiversity, and by extension, human civilization (Shukla, 1997, p. 173). These changes have a direct impact on