Management Exam Notes Essay examples

1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculated the overhead allocation rate using the 1987 model year budget. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred?

As a Naval Officer I had the opportunity to experience both leadership and management. Today's Navy operates with fewer people and resources than before. Therefore, leadership and management are more important than ever. Very early in my career I was taught leadership and as I advanced through the ranks I experienced management.

1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.

By working together as a team towards a goal/ objective helps the team become stronger and more focused towards targets/aims. This is due to individuals being able to build personal confidence while working together and enables people to be more assertive in their strong areas. By supervising the team you can help build a confident and able workforce by learning their strong/weak points. When working towards goals or targets the most productive/efficient members or staff will be used according to expertise/confidence in the area. This will help achieve business objectives as everyone is working towards the same goals. This will improve business and

Force field analysis is a very useful decision making technique. It helps individuals to make decisions by analysing the forces for and against a change and it helps them to communicate with the reasoning behind the decision. It can be used for two purposes: to decide whether to go ahead with a change and to increase your chances of success by strengthening the forces supporting the change

The organisation’s main aim is making a difference, as outlined in their Programme for and to make the Company t a “top performing organisation”. This mirrors my personal objectives to make myself a better worker. In order to achieve this I need to adhere to the Civil Service Competency Framework’s (2015) main aims of Setting Direction, Engaging People and Delivering Results.

According to Zalenski & Raspa (2006), the first level of needs is physiologic such as the need for food, air, and water. The second level encompasses safety needs, which including security, stability, protection; freedom from fear, anxiety, and chaos. The third level of need is belonging and love. The fourth level is the need for esteem, which is affected by the environment and related to societal recognition. The fifth level is the need for self-actualization, which is about the unique potential in

Individual growth which can be investing in people, learning opportunities through training programs and career opportunities through new jobs and promotion.

Credit-Credit assessment skills U/R-Underwriting Skills Local-Knowledge of local property market Legal-Knowledge of property law Rel.-Relationship skills

1. Consider this scenario. You and four friends have developed a new environmentally friendly heater. You all have extensive business experience. Together, you have established a new company, Green Heaters Pty Ltd ACN 512 302 XXX, which will manufacture and sell the new heater to wholesalers. The five of you will comprise the board of directors.

The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.

Leading is defined and having to influence the people in the team to get the job done, molding the company and managing conflict and team communications

Hogan, M. (2014, June 16). 6 qualities of bad managers that send employees running. Retrieved from http://www.ragan.com/Main/Articles/6_qualities_of_bad_managers_that_send_employees_ru_48433.aspx

Alderfer’s ERG model provides a satisfactory insight of how human beings strive to satisfy their needs for existence, relatedness and growth. He postulates that existence needs are fulfilled by the basic material things such as clothing, food and shelter (Alderfer, 1977, p. 132). Alderfer argues physiological and safety needs are

Management, as defined by Daft and Marcic, is the effective and efficient attainment of organizational goals, through planning, organizing, leading and controlling organizational resources. This community service organizational study has allowed our group to extend our learning outside the classroom and apply management theories to the real world. The site that we volunteered at was the Venice Library. Upon first arriving, our team thought that it was going to be a struggle to try and observe real life managerial workings at a library as compared to the other non-profits. However, we were gladly surprised at the amount of managerial applications and theories that we were able to see first hand. We were able to identify