2. Explain the nature and role in the firm of the following functional areas of management, th 1.1 Human Resource Management 1.2 Marketing Management 1.3 Operations Management 1.4 Financial Management 1.5 Information and Communication Technology Management
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- Mr. Khalid is the new general manager of ABC Company and he is planning to classify the organization into different departments such as production, selling and financing. What pattern of departmentation Mr. Khalid is planning in the given situation? a. Combination of both functional and divisional b. Departmentation by functions c. Departmentation by Product or Services d. Divisional structureWhat are the assets, capabilities and core capabilities of the business? What are the capabilities of the business according to its units (Production, Marketing, Human Resources, R&D, Accounting and Finance units)? Please explain.I need help with everything 1. RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material: Raw Material Amount Available for Production Material 1 20 tons Material 2 5 tons Material 3…
- Considering the management structure of KUST, distribute the different job roles such as Vice Chancellor, Registrar etc. into first-line, middle and top managersExplain Business Model in words mentioning a] Organizational Function/Process/Departmentb] Management process -POICc] 10 Critical and strategic decision areas and 3 flows of SCMComment if these critical areas and flows of SCM are present in all departmentsexcellenceProvide and fully explain any 2 reasons why an organization’s IT architecture must be based on the organization’s strategic goals.
- What type of management system would support the creation, organization and dissemination of business knowledge to staff throughout a company. a.Management information system. b.Strategic information system. c.Knowledge management system. d.Executive management system. Two concepts that shape much of the strategy that companies employ are: a.Value chain analysis and applying the five forces model. b.Applying the forces model and an integrated approach. c.Value chain analysis and having a competitive advantage. d.Applying the five forces model and having a competitive advantage. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. What kind of information would this be? a.Information that is valid b.Information that is reliable. c.Information that is accurate. d.Information that is timely.***New ans please SUBJECT: CAPSIM How did you test the relationships of decisions across the four business functions? Specifically, how did you use the reports in each round? (Please provide a specific example.)1. Describes strategic choices made by MNEs. 2. Compares and contrasts the many conflicting demands and pressures that shape strategic choices that MNEs must make.
- Mike and Iris met to discuss the strategic plan that would be presented at the upcoming company-wide strategic planning workshop. Mike had given Iris the IT Division’s list of strategic goals. She had already seen RWW’s most recent set of corporate strategic goals.“Mike, I see that you have kept a one-to-one alignment of your goals to the company goals,”Iris said. “Do you think it’s necessary for InfoSec’s goals to have the same arrangement?” “I’ve found that by keeping the alignment in place, it helps those higher up to stay focused on what IT will be doing to help them execute their important priorities,” Mike replied. “But you’ll notice that there are in fact a lot of differences.”Mike then pointed to a section of the plan. “Notice here that corporate goal number three is an overall reduction in operating costs as a percentage of revenue,” Mike explained. “I have the IT plan element in support still as goal number three, but it now has four parts listed within it. Each of those is a…1. What type of data source would the company’s own historical data be? Identify other possible data sources that the research team might use to examine the current marketplace for residential broadband services in a city such as Ashland. 2. What type of data collection techniques might the team employ? 3. In their suggestions and directions, the AMS managers have named a number of possible variables to study but offered no operational definitions for those variables. What types of possible misunderstandings could arise if the team and managers do not first properly define each variable cited?- Business Model is in tabular form is shown and 10 discussed in class. Explain Business Model in words mentioning a] Organizational Function/Process/Department b] Management process -POIC c] 10 Critical and strategic decision areas and 3 flows of SCM Comment if these critical areas and flows of SCM are present in all departments d] Create a relationship (in hierarchy form] between Activities – Operations - System e] comment- How Understanding of this relation can bring the operational excellence