It is believed that every organization today one way or the other apply the Henri Fayol’s principles of management. Write an essay of 2 pages talking about Creating a fictional start-up company and then implement ten of Fayol’s fourteen principles of management in your start-up. Discuss and provide examples for each principle you chose for your fictional start-up company.
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- Prove or disprove the contention of peter Drucker, a management guru stating that "Business is created and managed by people, not by forces" support your arguements with your knowledge about the enbironmental forces.The Internet has created new ways to do business for organizations with much less capital planning as opposed to the high capital needs of traditional brick and mortar organizations. Based on this, answer the following questions: How should management and leadership address each type of business? Describe the organizational structure of 1 traditional and 1 online retailer, identifying a management or leadership challenge for each type of retailer. Are the challenges basically the same or different? In what ways are they the same, or how are they different?Provide a brief definition or explanation of each of the following terms within the context ofbusiness management together with an example. You are required to define each of the terms in yourown words.Please note: You will need to add your own original examples.Q.2.1 Interpersonal skills. Q.2.2 Mission statement. Q.2.3 Job enlargement. Q.2.4 Legitimate power.
- Considering that some who study business may not become chief executive officers or work in upper management, why should strategic management matter to all members and layers of an organization?Using Blake and Mouton’s Management Grid, demonstrate in detail how you would rate any four prominent African Presidents highlighting where you would place on the grid explaining the reasoning and basis. In the context of good corporate governance, if you had the privilege to be the presidential advisor to all of these presidents during their term, demonstrate the areas you would seek to help them improve based on how they are rated on the grid.Management is not only about overseeing day-to-day operations but also about setting a vision, providing leadership, and adapting to changing circumstances. Successful managers need to be able to communicate effectively, delegate tasks, motivate their team, and make informed decisions. They must also possess a keen understanding of their industry, competitors, and market trends to make strategic choices that keep their organization competitive. Question: How do managers balance the need for both short-term and long- term decision-making in their roles, and what challenges can arise from this balancing act?
- Elabolare and explain 3 things you have learned from Zoom company about running companies that will benefit your managerial career or start-up journey in the future.Floral and Festive Ltd. is an event management organization, and you are the owner. Recently because of your previous work, fantastic reviews and growing orders for organizing events you have decided to employ someone to whom you can delegate your mounting workload. Hence you conducted an interview of three candidates. Explain with example any five types of biases that you as manager may face in your decision to employ a candidate among the three.Discuss how the four functions of management (Planning, organizing, leading and controlling) manifest in your life in general, and/or in your life as an engineering student in particular. Cite specific situation/s for each function.
- 1. Give the five concepts of organization 2. What are the functions of management? 3. Differentiate efficiency and effectiveness 4. Explain the Druker's new management paradigm 5. Discuss the 5 basic operations in the work of a manager. 6. Give at least 5 concepts of management.Base on this image How do these skills work within the different levels of an organization? And How does the use of these skills help organizations outperform others in their industry? How are the 4 functions of management (i.e., planning, organizing, leading, and controlling) effective in helping organizations meet their strategic objectives and business goals?You and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?