Tag: management

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Corporate financial management

Planning, arranging, and effectively managing funds for scale-up at the individual level as well as for bigger organizational goals are among the many responsibilities involved in the financial management process. The idea of financial management encompasses tasks like forecasting, accounting, and investment management. Financial management benefits both people and corporations by efficiently allocating resources, controlling risks, and accomplishing financial goals.

Budgeting

Setting a budget is crucial when handling money. Through planning, budgeting enables control of both income and spending. By making thoughtful spending decisions, a solid budget may assist people or organizations in managing resources over time.

In studying financial management, it is essential to comprehend how different budget categories operate. Understanding several budget categories, such as operating resources, capital reserves, budgets for funds review, and general financing arrangements, is necessary for doing good financial administration research.

Forecasting

The practice of forecasting includes making predictions about future financial results. Predicting an organization’s financial situation or development potential is so crucial that whole teams are often formed to handle it. Executives may assess potential risks by doing this, and it also enables businesses to tap into untapped markets.

Researching Financial Management requires an understanding of a variety of forecasting methods, including time-series analysis and other qualitative or quantitative methods.  When predicting what will happen next, qualitative forecasting depends heavily on expert opinions in addition to personal opinions. While quantitative forecasting mostly relies on using statistics and data sets to estimate the financial prospects

Financial management accounting

Accounting is the process of recording, categorizing, and summarizing financial transactions. Accounting, a task that entails recording all monetary changes, allows businesses or individual investors to comply with legislative requirements controlling money. Accounting allows for effective monitoring of an organization’s spending.

When studying for good financial management, it is crucial to understand many categories of accounting, such as managerial economics and taxes. In contrast to managerial accounting, which focuses more on administrative process-oriented papers, financial accounting focuses on providing public-ready profits sheets. Tax accounting is the process of preparing taxes in line with applicable law while assuring adherence with that same law.

Management of investments

Investment management is the process of managing investments via actions including asset allocation, security selection, and hazard control. One of the various goals attained by investment management operations including asset allocation, securities choices, or risk reduction is maximizing returns while controlling risks. Individuals and businesses depend on investment management services to meet certain financial goals like maximizing returns or risk minimization.

Financial management requires knowledge of a variety of investment options, including shares, stocks, and real estate. It is essential to have knowledge of many investment types, such as bonds, equities, and real estate, in order to investigate all possible paths for strategic financial planning, including giving credit to strategies like value investing, growth investing, or index investing.

Management of Risk

Financially, risk management techniques that include the phases of identification, evaluation, and mitigation may significantly aid both people and organizations in better managing their uncertainties. The key to effective risk management, whether for personal finances or businesses, is to identify potential risks, assess them based on likelihood, and then implement controls targeted at preventing or lessening any adverse effects.

When studying financial management, many risk types are taken into consideration. These include verifiable weaknesses including unstable marketing, declining credit scores, and unclear operational chaos. While studying financial management, it is important to have an understanding of the many risk management strategies that may be applied. These are techniques that focus on transmission, mitigation, or avoidance.

In financial management, financial statements

Financial statements are significant documents that provide information about a company’s financial performance. One must review certain reporting items like balance sheets, income statements, and U.S. Cash flows related report displaying changes in various accounts over time in order to get insight into the economic progress achieved by a business over a period. Financial Statements are important records that may be used to monitor corporate profits or to comply with legal or authoritative requirements for people or businesses.

When learning about financial management, reading and comprehending financial accounts is crucial. When learning about financial management techniques, it is essential to understand a variety of financial concepts. For example, reading financial statements correctly and understanding estimates like current ratios and debt equity require a sincere understanding that could provide important insight into operational standing.

Plan your taxes

Taxpayers may maximize their finances by minimizing risk exposure and obtaining maximum net incomes by making wise judgments regarding the time of payments as well as payment locations, among other criteria. This is known as smart tax planning. Experts in financial management may assist customers in lowering their relative liabilities and improving after-tax income by helping them make strategic decisions about the payment of different types of taxes based on the jurisdictional rules controlling them (a process known as tax planning).

Understanding the various tax laws as they relate to individuals and businesses is crucial for thorough financial management research. In order to do efficient financial management research, it is essential to comprehend the diversity of tax planning options accessible, such as those that delay taxes or grant credits.

Financial Tools and Software

Utilizing reliable financial tools is essential since making educated financial choices demands precise data. Financial software may help you manage your finances and make educated choices about anything from investing to budgeting. Using the variety of sophisticated financial instruments that are now accessible, managing personal or corporate money may become simple. Modern software offers alternatives like account administration services, along with the ability to save time and money and promote trustworthy decision-making.

While conducting a research on economic administration, having a solid understanding of various financial instruments, such as accounting software and investment monitoring tools with individual resource technologies, might be crucial. Understanding different types of financial tools, such as accounting software, investment management systems, and personal finance tools, is essential to developing discernment regarding a well-rounded economic viewpoint. Additionally, knowledge of properly installing the aforementioned services is required for anybody undertaking this activity.

Financial Education and Financial Management Training

Professionals may attain long-term financial objectives by using the financial information they have acquired from these courses. Financial training includes instruction in managing investments, creating budgets, and creating sound accounting procedures. Individuals & Businesses that acquire required Skills through Financial Education & Coaching may bridge the gap between selecting sensible investments vs. potential dangers while attaining profitable outcomes.

You need to learn in many different methods if you want to manage your money from a professional standpoint. These techniques could involve taking classes that lead to certification. Not only should you enroll in the programs that come up in a search to learn about finance, but you should also read reviews of past training to see whether or not the specific offers are more advanced.

10 examples of the most likely financial management exam questions

Why is financial management important? What is it?

• What precisely does budgeting include, and how can it benefit both individuals and businesses?

• Why is forecasting seen as a crucial component of financial management?

• Accounting is a technique that helps both people and companies. What precisely is it?

Why is investment management important? What is it?

What are the goals of risk management, and how does it help both people and businesses?

Which methods, and what are they named, may be used to better understand an organization’s financial performance?

Why is tax planning necessary and what is it?

• How can financial software and tools help with more competent personal or corporate financial management?

• How can individuals and organizations achieve their financial goals via the development of good financial knowledge through learning opportunities?

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Financial Planning & Wealth Management

Financial Planning and Wealth Management are crucial aspects of managing personal or institutional finances and investments and we at CapitalEssayWriting.com offer assignment assistance in this field. Financial Planning involves creating a comprehensive strategy to achieve financial goals, while Wealth Management focuses on preserving and growing wealth through investment management and other financial services.

Here’s an overview of these areas:

Financial Planning:

Setting goals entails working with customers to determine their financial objectives, such as retirement planning, financing for college, buying a home, or launching a business.

Budgeting and Cash Flow Management: Analyzing spending, saving, and income trends will help you develop a budget that will support your financial objectives and enable efficient cash flow management.

Risk management involves assessing potential risks related to life events like disability, disease, or death and advising on the most suitable insurance coverage, such as life, health, disability, and long-term care insurance.

Tax planning is the process of coming up with ways to reduce tax obligations, increase deductions, and improve tax-efficient investments.

Retirement Planning: Analyzing retirement needs, estimating future income requirements, and developing strategies to accumulate savings through retirement accounts, such as 401(k) plans or individual retirement accounts (IRAs).

Investment Planning: Assessing risk tolerance, time horizons, and investment objectives to develop an investment strategy aligned with the client’s financial goals.

Estate Planning: Assisting in the creation of wills, trusts, and other estate planning tools to ensure the orderly transfer of assets and minimize tax implications.

Education Planning: Creating strategies to save and invest for educational expenses, including 529 plans and education savings accounts (ESAs).

Wealth Management:

Investment management is the process of creating and putting into practice investment plans depending on the goals, risk tolerance, and market conditions of the customer. This includes choosing appropriate investment vehicles, diversifying the portfolio, and allocating assets appropriately.

Reviewing investment portfolios frequently, tracking performance, and rebalancing holdings to make sure they are in line with client goals and risk tolerance.

Risk assessment and management involves identifying and mitigating investment risks, such as market, liquidity, and specific investment hazards.

Financial Reporting: Providing clients with frequent information on investment performance, portfolio valuation, and income.

Estate and Trust Services: Assisting with asset allocation, tax planning, and distribution strategies, as well as the management and administration of trusts.

Retirement Income Planning: Developing strategies to generate income during retirement, such as managing withdrawals from retirement accounts and optimizing Social Security benefits.

  1. Tax Planning and Coordination: Collaborating with tax professionals to optimize tax strategies and minimize tax liabilities across investment portfolios and other financial activities.
  2. Philanthropic Planning: Assisting clients with charitable giving strategies, including donor-advised funds, charitable trusts, and foundations.

To excel in Financial Planning and Wealth Management, professionals often hold certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). They should possess strong analytical skills, knowledge of financial markets and investment vehicles, and the ability to understand and navigate complex financial regulations and tax laws. Additionally, effective communication and relationship management skills are essential for building trust and understanding client needs.

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International Financial Management

Here are some potential dissertation topics in the field of International Financial Management:

  1. Impact of Exchange Rate Volatility on International Investment Decision-Making: A Case Study of Multinational Corporations.
  2. Financial Derivatives’ Role in Managing Currency Risk in International Business Operations.
  3. Cross-Border Mergers and Acquisitions: Strategies, Performance, and Challenges.
  5. The Impact of International Financial Reporting Standards (IFRS) on Financial Performance and Investment Decisions.
  7. A Comparative Analysis of the Determinants of Foreign Direct Investment (FDI) Inflows in Emerging Economies.
  9. Evidence from Multinational Corporations on the Effectiveness of Hedging Strategies in Mitigating Foreign Exchange Exposure.
  11. Corporate Governance Practices and International Financial Management in Developed and Developing Countries.
  13. Impact of International Trade Policies on Financial Performance and Risk Management of Exporting Firms.
  15. International Capital Budgeting Techniques Evaluation: Approaches, Challenges, and Best Practices.
  17. The Role of Multilateral Development Banks in Financing Emerging Market Infrastructure Projects.
  19. An examination of country risk and its impact on international portfolio investment.
  21. Lessons Learned and Risk Mitigation Strategies from Global Financial Crises.
  23. Green Finance and Sustainable Investment: Opportunities and Challenges for International Financial Institutions.
  25. Corporate Tax Avoidance in International Operations: Determinants and Consequences.
  27. The Efficiency of the Foreign Exchange Market and Its Implications for International Financial Management.
  28. These subjects address a broad variety of foreign Financial Management challenges, such as exchange rate risk, foreign investments, financial reporting, governance, and sustainable finance. Remember to fine-tune and narrow down your subject depending on your individual interests, research gaps, and data availability. Consult your academic adviser to check that the subject you’ve picked is compatible with the criteria and goals of your dissertation.

The Key Topics and Trends in International Financial Management. International financial management has become a vital component of corporate operations in an era of global interconnection. It include managing financial resources across borders, managing foreign currency risks, and analyzing investment prospects in other nations. This article examines the important problems and new trends in international financial management, emphasizing the importance of these issues for firms functioning in today’s globalized world.
I. Exchange Rate Risk Management: Managing exchange rate risk is a major concern for international trade organizations. This subject delves into numerous currency risk-hedging tactics, such as forward contracts, currency options, and currency swaps. It also looks at how financial derivatives are used and how international capital markets play a role in controlling exchange rate risk.
II. International Investment and Financing choices: Making investment and financing choices in overseas markets is part of international financial management. This issue dives into the different influences on these choices, such as political, economic, and regulatory concerns. It looks at how financial analysis and valuation methods are used to evaluate investment prospects, as well as the significance of capital budgeting and cost of capital in international finance choices.
III. Cross-Border Mergers and Acquisitions: Cross-border mergers and acquisitions (M&A) are a frequent strategy for businesses looking to develop worldwide. This issue delves into the complexity of cross-border mergers and acquisitions, such as cultural differences, legal frameworks, and finance arrangements. It also investigates the function of due diligence in limiting risks and guaranteeing the success of an M&A transaction.
IV. International Financial Reporting Standards (IFRS): International financial reporting standards (IFRS) offer a standardized set of accounting rules for businesses operating in many countries. This subject delves into IFRS adoption and implementation, as well as the problems and advantages of international financial reporting. It also investigates the function of financial statement analysis in assessing the performance of multinational corporations.
V. Emerging International Financial Management Trends (200 words): A. Digital Transformation: Technology integration in international financial management is revolutionizing conventional activities such as cross-border payments, risk management, and investment research. This subject looks at how digital transformation may improve the efficiency and efficacy of international financial management systems.
B. Sustainable Finance: As the focus on environmental, social, and governance (ESG) factors grows, sustainable finance is becoming an increasingly important part of international financial management. This subject investigates the role of sustainable finance in risk mitigation and long-term value creation for stakeholders.
C. Global Economic Trends: Global economic trends, such as trade policy alterations, geopolitical conflicts, and demographic changes, have an impact on international financial management. The ramifications of these changes for international financial management practices and strategies are examined in this subject. International finance is a complicated and dynamic sector that requires a thorough grasp of financial markets, regulatory structures, and cultural differences. Organizations may handle the hurdles and capitalize on the benefits of operating in a globalized environment by researching important issues and emerging trends. Effective international financial management techniques may boost an organization’s competitiveness and sustainability, allowing it to prosper in today’s fast changing business climate.

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Dissertation Topics in Purchasing and Supplies Management

Procurement management research topics are typically founded on interconnected topics. Therefore, research topics in procurement and supply chain management offer students wishing to compose a paper in the field a great deal of scope and variety. The following are some suggested Dissertation Topics in Purchasing and Supplies Management from our writing experts at CapitalEssayWriting.com. Please refer to the logistics management and supply chain management posts for additional ideas.

A List Of Procurement And Supply Chain Management Research Topics:

Though it took me some time to discover some good examples of research topics in procurement management, it is now available to students pursuing a bachelor’s degree or seeking research topics in procurement management for master’s theses.

How do strategic procurement policies guarantee pharmacies never run out of essential, life-saving drugs? Boots Pharmaceuticals is the subject of this investigation.

The implications of an analysis of procurement cost management in lean organizations in developed regions for emerging economies.

A systematic approach to green and sustainable purchasing practices in UK manufacturing firms.

Implications of the green supply chain model for key stakeholders in the procurement and supply chain system.

An analysis of the relationship between real-time supply chains and healthy ecosystems.

Analysis and commentary on the use of Big Data to track procurement requirements and enhance supply chain management.

How are stakeholders involved in implementing responsible procurement and logistics ethics in the restaurant industry in the United Kingdom? : a primary study.

Who is in charge of the supply chain? An essay on the extent and magnitude of power between the various supply chain stakeholders and their effects.

How do British manufacturers of electronic products implement green supply chain practices? An analysis of procurement policies.

A financial feasibility analysis of environmentally responsible procurement and logistics policies in the United Kingdom.

How does the current literature contextualize the value and effectiveness of humanitarian supply chains within procurement and logistics practices? Answers based on worldwide practices.

Below are Purchasing and Supply Project Topics and Materials, E-Procurement Research Topics, and Procurement Project Ideas for Undergraduates. Immediate Download Complete, procurement research topics pdf, research proposal topics in supply chain management, topics of procurement, types of purchasing research in Nigeria, Ghana, Cameroon, South Africa, United Kingdom, and the United States, research proposal on procurement and supply chain management, supply chain management project topics pdf, purchasing department project topics, procurement hot topics, procurement topics for presentation, examples of research proposals in procurement pdf Chapters 1-5. Investigation and analysis of procurement and logistics in agribusinesses in the United Kingdom.

A comparative study of the supply chain management practices of family-owned and non-family-owned small enterprises in the United Kingdom.

A literature review of sustainable green procurement practices in the supply chain management of minerals.

Risk assessment techniques in supply chains and their implications for transport logistics in the United Kingdom.

Literature review of supply chain efficacy in knowledge-innovation environments.

Responses from the United Kingdom on the procurement management of specialized initiatives in commercial construction.

A literature survey on the significance of suppliers for the procurement management of residential units in mega housing projects in emerging economies.

A primary investigation into the implementation practices of green and sustainable procurement strategies in British construction projects.

A critical essay on the green procurement practices of luxury fashion retailers in the United Kingdom.

Similarities and differences between public procurement practices and protocols and private procurement models.

Utilization of Antenatal and Pregnancy Services by Nigerian Mothers Seeking Child Welfare Services

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Impact of Total Quality Management on an Organization’s Production Cost

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Inventory Planning And Product Availability Control

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An Analysis of the Procurement Reforms Act as a Cost-Reduction and Accountability Instrument in Krpc

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The Influence Of Material Inspection On Product Quality At Power Holding Company Of Nigeria (Phcn), Kaduna.

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Influence Of Retail Design On Material Handling Power Holding Company of Nigeria (Phcn) Kaduna: A Case Study one of Dissertation Topics in Purchasing and Supplies Management

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Impact Of Information Technology On An Organization’s Supply Function

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Impact Of Information Technology On An Organization’s Supply Function (A Case Study Of Nigeria Breweries)

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Storage And Material Handling’s Influence On Retail Store Productivity

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Negotiation as a Cost-Reduction Strategy for Material Procurement at the Kaduna Plant of Nigerian Bottling Company Plc

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Negotiation As A Means To Effectively Price Materials

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Negotiation Skills as a Means of Improving Material Delivery (A Case Study of Nocaco)

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Role Of Inspection In Northern Noodles Ltd, Kaduna’s Product Quality Management Effort

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The importance of Sourcing to the Profit Objective of an Organization (A Case Study of Nigeria Bottling Company Plc)

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Impact of Sourcing Decision on Material Availability

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The Impact Of Store Coding And Material Identification On Store Efficiency (A Case Study Of Nigeria Bottling Company) here are another Dissertation Topics in Purchasing and Supplies Management

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Store Design On Materials Handling Power Holding Company of Nigeria (Phcn) Kaduna: A Case Study

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The Effects of Efforts to Reduce Material Handling Costs in Public Institutions (A Case Study of PHCN, kaduna)

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Material Management’s Impact on Purchasing

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Impact Of Material Sourcing On Increasing The Profitability Of The Organization

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The Procurement Act And Its Influence On Officers’ Accountability In The Public Sector

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Use Of Raw Material Inspection And Its Effects On Production Quality

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Variety Reduction As An Instrument For Efficient Materials Management (A Case Study Of Nigeria Bottling Company Plc)

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Need for Complete System Application in Materials Management

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Need For Effective Inventory Management In A Manufacturing Firm

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Importance of Effective Safety Management in Manufacturing

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Need For Efficient Health And Safety Procedures In Retail Operations

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Need For Efficient Inventory Management In A Service Organization

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Need For Effective And Efficient Procurement In The Subsector Of Local Government

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Need For Development And Maintenance Of Good Buyer-Seller Relations

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Need for Efficient Store Accounting in a Business

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Importance Of Effective Warehouse Management For Physical Distribution In A Service Organization

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Make Or Buy Decision: An Essential Purchasing Instrument and Cost Management Strategy in an Organization

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Management Obligation Regarding Fraud Detection

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Need for Efficient Planning and Control in Purchasing

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Need for Efficient and Economical Procurement in Local Government

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Need For Efficient Vendor Evaluation And Selection Within An Organization

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Management and control of inventory in a manufacturing organization

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Need For Effective Inventory Control System In Service-Oriented Business

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Impact of total quality management on an organization’s growth and survival

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Importance Of Effective Inventory Control In A Company

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Material Evaluation And Management Within a Manufacturing Enterprise

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Impact of Standardization on Material Management in Manufacturing

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Influence of Purchasing Research on a Company’s Profitability

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Impact Of Inventory Taking On A Company

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Impact of Packaging on Goods Storage and Distribution in a Company

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Influence Of Salesperson On Brand Preference Of Consumers For Beer Product

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Influence Of Performance Evaluation On Employee Productivity

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Impact Of Stores Function On Organizational Profitability

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Influence of Production Planning and Control on a Manufacturing Company

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Inventory Management And Planning’s Influence On Stores Administration

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Impact of Material Handling Efficiency on a Manufacturing Company

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Inventory Planning and Management in a Sector

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Importance Of Material Coding And Classification In Inventory Management Within The Manufacturing Sector

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Impact of Efficient Inventory Control on an Organization’s Productivity

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Effect of efficient warehouse management on physical distribution in a manufacturing company

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Influence Of Efficient Inventory Control On Materials Management In A Company

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Impact of Effective Inventory Management and Control in a Company

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Impact of Personnel Management on Organizational Development

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Impact Of Television Advertising On The Purchasing Behavior Of Children Aged 10 To 15

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Impact Of Efficient Materials Handling On An Organization’s Stores Function

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Influence Of Efficient Physical Distribution On The Brewing Industry

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Implications Of Containerization On Global Purchasing

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Effects of Containerization on Transportation and Distribution

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Impact Of Efficient And Effective Material Storage In Government Facilities

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The Influence Of Containerization On International Freight

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Implications Of Efficient Inventory Planning And Control In Governmental Organizations

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Need For Purchasing Budget Efficiency In A Manufacturing Company

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Implications For Purchasing And Supply Chain Management Of A Strong Buyer-Supplier Relationship

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Need For Effectiveness In Public Sector Purchasing Management

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Organizational Need for Efficient Inventory Security

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The Influence of Auditing and Internal Control on the Effectiveness of Public Enterprises

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Impact Of An Industrial Accident On A Company

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Need for Effective Inventory Management in an Organization

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Influence Of Advertising on Consumer Purchasing Behavior

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Need For Effective Inventory Management In A Small-Scale Industry

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Need For Effective Physical Distribution In Product Marketing

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Need For Purchasing Research In An Industrial Firm

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Influence Of Negotiation On Accomplishing Purchasing Goals

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The Requirement For Purchasing Research In A Manufacturing Company

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Evaluation Of A Profit-Driven Organization’s Purchasing Methodologies

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Need for Inventory Management and Stock Control in an Organization

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Organizational Need for Sourcing and Supplier Development

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Organizational Need for Quality Control and Inspection

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Evaluation Of The Leadership Style And Its Impact On The Attitude Of The Employees

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Contributions of Purchasing and Inventory Management to Price Reduction

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Contribution Of Total Quality Management And Incoming Material Inspection

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Compensation’s Impact On Employee Performance

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Contributions Of Purchasing Research To An Organization In The Public Sector

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Influence of Nigeria’s New Public Procurement Act on Government Purchasing

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Contribution Of Purchasing To A Small Business’s Organizational Objective

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Contribution of Inventory Management to the Achievement of Organizational Objectives

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Competitive Bidding As An Effective Vendor Selection Instrument

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Evaluation Of The Need For Effective Inventory Records In Public Sector Warehouses

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Contribution Of Purchasing Research to Organizational Management

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Impact of Material Handling on a Company’s Profitability

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Contribution Of Purchasing To An Organization’s Profitability

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Evaluation Of The Use Of Value Analysis And Value Engineering To Reduce Costs

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Evaluation Of The Role Of Purchasing And Supply In Quality Determination And Control In A Small-Scale Industry

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Evaluation of the Importance of Efficient Material Handling in a Manufacturing Company

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Contribution Of Purchasing To The Accomplishment Of Organizational Objectives

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Project, Program, and Portfolio Management Writers

The term “project management” can be fairly vague to the layperson, covering any type of management job, from the most straightforward initiatives to the most complex implementations. Projects, programs, and portfolios are the “Three P’s” of project management, each of which is distinct from (though connected to) the others.
Management of projects, programs, and portfolios. We at CapitalEssayWriting.com have done enough research on this and here is a real definition of the terms

The best way to explain the connection between project, program, and portfolio management is as follows:

A project is a brief undertaking made by a business or organization. (such as the creation of a new product, service, or result)
A program is a collection of projects that are linked or comparable to one another and are frequently handled and directed collectively rather than separately.
A portfolio is a collection of various initiatives and/or projects carried out by the same company, whether or not they are related to one another.

In other words, larger programs fit within portfolios, and those larger programs fit within projects.

Project, program, and portfolio management activities are all connected but fundamentally very different from one another.

How Does Project Management Define a “Project”?

What does “project” actually mean in the context of project management? A project is often a brief activity with a defined beginning and finish that aims to provide a special good, service, or outcome.

There are projects of every size possible in almost every business, and project managers handle them regardless of these characteristics. However, neither the size nor the precise substance of a project are described in this description.
Project managers: What Do They Do?

The main responsibilities of project managers are to balance the deliverables, sometimes referred to as the scope of work, with the resources that are available within the project’s schedule and allocated budget. It is a difficult challenge for them to balance all of this while making sure the project adheres to the quality standards demanded by its clients.

Find Out More: What a Project Manager Does.

Application of the proper tools, techniques, and processes in a value-added manner is what project management is all about. As is well known, there is a vast body of knowledge in project management, and project managers can use a variety of abilities, resources, and methods to carry out these efforts. Understanding the project, its objectives, problems, and goals can help you select the appropriate project management tools and implement them correctly.

Building Your Project Management Career Path: More Information
In project management, what Exactly Is a “Program”?

In some circumstances, it’s crucial to manage a collection of projects in concert to guarantee that value is realized. This group of projects is referred to as a program in project management lingo. A program is a transitory organization, much like a project, and as such, when the associated projects are finished, the program is also over.

In its PMBOK Guide, the Project Management Institute (PMI) defines program management as:

“The use of knowledge and skills to accomplish program goals and to obtain advantages and control not possible by managing related program components separately.”
What Performs a Program Manager?

Program management is a little more strategic than just overseeing numerous tasks. Additionally, the program manager does not micromanage those projects; instead, he or she works to make sure that the correct work is being transferred between the right projects at the right times.

Starting very early at the program’s inception by looking at what benefits can be realized and then putting those into action, the program manager focuses on the business benefits throughout the entire program.

A project manager is still assigned to each project to carry out the aforementioned tasks. By confirming that the appropriate initiatives are included in the program, the program manager’s job is to make sure that the advantages anticipated are realized. Any project not giving value to the benefits is then repositioned or deleted from the program.

The program manager is in charge of managing project dependencies and developing plans at the program level to achieve this.

A program communication plan lays out the information flow within the program, while a master schedule is developed to manage project dependencies. A program risk management strategy is also created to manage hazards at the program level. Therefore, the program manager is not managing the projects but rather providing the oversight required to make sure that each project’s component parts are finished successfully and quickly in order to satisfy the requirements of the other projects.

The program manager is concentrated on achieving benefits, or more specifically, on knowing the benefits that can be realized from this group of initiatives and concentrating on obtaining them. The program manager is also working to manage organizational change and make sure that systems are in place to sustain the advantages after they have been transferred to operations.

Since the goal of program management is to guarantee that projects are in line with corporate strategy, the program manager must keep project teams informed about changes to the plan as well as what needs to be done to address them.
What Exactly Is a Project Management “Portfolio”?

A portfolio is a series of initiatives that are managed together to meet predetermined goals. All initiatives, programs, and operational activities carried out by an organization may be included in one portfolio. Additionally, it might create a number of portfolios for continuous investment choices and project selection.

A portfolio is defined as “Projects, Programs, Other Portfolios, and Operations managed as a group to achieve strategic objectives” by PMI and its PMBOK Guide.

Organizations need to pick which projects are the correct ones to focus on. They frequently have a cap on the number of projects they can complete depending on organizational capability, which begs the question, “Are we doing the right projects?”

Corporate Governance as a Subset of Program and Portfolio Management
Structures for project grouping in organizations include program and portfolio management. As a result, they are a component of the overall governance structure of a company. Program and portfolio management is a part of corporate governance known as the governance of project management since it is only concerned with project-related activities. In accordance with the Association for Project Management (2004), the portfolio direction effectiveness and efficiency, project sponsorship effectiveness and efficiency, project management effectiveness and efficiency, and disclosure and reporting effectiveness and efficiency make up the core elements of this governance structure for project management.
Both program and portfolio management approach the topic of governance from different angles. In order to maximize the accomplishments of the combined project outcomes, the first perspective considers how the numerous project objectives are interconnected. This resulted in the creation of programs, which the Project Management Institute defined as a collection of connected projects managed cooperatively to gain advantages and control that managing them separately would not have provided. (Project Management Institute [PMI], 2004, p. 368).
The second viewpoint looks at how these projects’ management requirements interact with one another in order to meet the organization’s overall business goals. In order to accomplish specific strategic business objectives, this has led to the development of portfolio management techniques, which PMI (2004, p. 367) defined as the “centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work.” A portfolio is defined as “a collection of projects, programs, and other types of work that are grouped together to enable effective administration of that work in order to accomplish strategic business objectives. The portfolio’s initiatives or programs may not always be connected directly or interdependently. (2004, p. 367).
Portfolio management techniques are now being used in new areas, such as customer-delivery projects, as a result of the industry’s expanded usage of project-based organizational structures as a means of achieving corporate objectives. Additionally, it has been employed by organizations for smaller, less expensive initiatives. These projects are managed differently in portfolios.
Despite the fact that program and portfolio management are widely discussed in the literature, it is unclear how these governance frameworks are applied in various businesses or what the managers’ associated duties and responsibilities are.
Transaction Cost Economics and Governance
The governance structures of program and portfolio management were used to reduce the overall costs of transforming “input” to “output” through projects. These expenses, which represent the whole cost of managing projects, are referred to as transaction costs when looking at projects as transactions. According to Williamson (1985, p. 18), transaction costs can be reduced by discriminately allocating transactions to governance structures. From a related angle, transaction cost economics explains the equilibrium needed in organizational governance mechanisms to (1) provide a product’s “fit for purpose” by reducing maladaptation costs, as done through program management, and (2) lower the costs for the organization by making the most of existing scales and resources, as done in portfolio management. Williamson (1985) asserted, however, that several governance systems are necessary for various kinds of transactions. It follows that the degree to which organizations use program and portfolio management as governance procedures varies by project type.
Moreover, Williamson (1975) stated that the complexity of an organization’s environment will determine the governance structure to be used. According to the premise of humans’ limited but designed capacity for rationality, when making decisions, (Simon, 1957; Williamson, 1975, p. 22–23).
That brings up the initial research query:
Q1: How do the nature of the project and the complexity of the organization affect how project portfolio and program management are used in organizations?
Along with variations in projects and how program and portfolio management are used in organizations, there are variations in the roles and duties of the various managers. That brings us to our next research question:
How do middle managers in successful firms go about managing their programs and portfolios? What are their roles and responsibilities?
Through this study, the breadth and variations of these roles and responsibilities in connection to corporate governance systems are examined.
Practitioners will be able to strengthen program and portfolio governance as a result of the findings, which will benefit their companies, the economy, and ultimately society as a whole.
The research model and hypotheses are presented in the following section. A section on research techniques and the evaluation of the empirical data follows this. The conclusion of the study discusses the causes of various governance methods in program and portfolio management, the duties and responsibilities that go along with them, as well as the variations between low and high performing businesses.

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What is your philosophy of classroom management?

Assignment Details

During the course, you have explored numerous classroom management models or theories. For this unit’s assignment, you will reflect on these classroom management models or theories by writing a personal philosophy of classroom management.

Your personal philosophy should include the following:

What is your philosophy of classroom management? This might include:
What would be the desired atmosphere in your classroom?
What should the teacher-student relationship be like?
What should the teacher-parent relationship be like?
What is your view of students’ ability to learn?
What is your goal — to prepare students for your classroom or for the world beyond your classroom?
How do you view rules and consequences?
What classroom management model or theory most informs your personal philosophy?
Support your personal philosophy of classroom management with a minimum of two credible and reliable sources.

Your paper should be 3 pages and follow APA style format guidelines.

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Analyze Ms. Zeichner’s plan for developing her classroom management system

Discussion 4

Discussion Directions

After all you have learned in this course, it is time to think about how you would develop your own classroom management plan and philosophy. What theories and theorists stand out most to you? With which ones do you most closely identify? Let the following learning activity help you think of ways you would develop your own plan.

(https://kapextmediassl-a.akamaihd.net/gradEd/Media/ED522/ED522_1908D/ED522_U4_LA/story_html5.html )

Answer the following questions and respond thoughtfully to your classmates’ posts:

Analyze Ms. Zeichner’s plan for developing her classroom management system. Is it realistic or idealistic to seek input from all of these groups?
Based on what you have learned in this course, what theories or models would you incorporate into your own classroom management plan? Why did you choose these specific theories or models?
Would you seek input from students, administrators, and parents, like Ms. Zeichner? Explain why or why not. If so, what questions would you ask?
Getting off to a good start is key to effective classroom management. The Wongs’ classroom management model focuses on the first days of school and preparing your classroom for an effective school year. Review the principles of the Wong classroom management model.

How can you use the Wong classroom management model to ensure success in your classroom?
How can you apply Wong’s approach to your personal philosophy of classroom management?
Review your classmates’ posts. How are their answers similar to or different from yours? Explain.

Discussion 5

Topic 1: Implementing a Cooperative Learning Approach

There might be times when you as a teacher will want to think about changing your classroom management plan. You may come across new theories on your own, a fellow teacher might have a suggestion for you, or the decision to change might come from administration. In any case, you should be prepared to handle such a switch. Read the following case studies and answer each of the associated questions.

Case Study 1

Phillip Naylor was a high school student teacher. In a discussion at a weekly Seminar, he said, “Jones’ opinions on rules might make sense for elementary students, but they certainly do not apply to the high school where I teach. Listen, these students are tough with a capital T — they argue, threaten others, and fight. What will happen if I use some of these strategies that are focused on motivating the students instead of controlling student behavior? What we need are strict and specific rules — ones we can enforce.”

What reasons would you give to either support Jones’ beliefs about classroom management or to support Mr. Naylor’s comments?
How could you apply Jones’ model on classroom management in your classroom?
How can you address the needs of students with behavioral challenges?
Review a classmate’s post, looking for similarities and differences from your response. Compare your peer’s response with yours. Are there other ideas and perspectives you did not originally consider? Explain.

Case Study 2

As a preservice teacher, Sandi Williams was not sure about the effectiveness of using cooperative learning with diverse students. “OK, I know it works with those who are working on grade level. But I’m not sure about students with disabilities or special needs. Just how much can they contribute to or get out of a group? And gifted students like to compete. Cooperative learning takes away half of their fun! And it probably slows them down, too. Then there are those students who just like to goof off. With a cooperative learning group, they’ll just wait for someone else to do the work. Nope, I don’t see how cooperative learning helps diverse classes of students and I don’t see how it helps classroom management.”

Using the ideas of the Kagan model, respond to each of Sandi’s concerns.
Can cooperative learning groups work with a diverse population of students? Use the Kagan model of classroom management to develop a plan for effectively incorporating diverse students into cooperative learning groups.
What accommodations or modifications might she have to make to meet the needs of students with disabilities?
Review a classmate’s post. Compare and contrast your response with your peer’s response.

Discussion 6

Topic 1: Creating Your Classroom Management Plan and Reflecting on the Course

The discussions in this course include several components. You may not be able to address all of these questions in a single post. You will need to plan to return to the discussion several times during the week to weigh in on the questions. Please make sure you do so as part of both original posts as well as in replies to your classmates. Remember that your grade for the Discussion Board comprises both original postings and your contributions through replies. Both are great places to introduce new information, opinions, links, etc., and both are equally important to your grade.

In this course, you have reviewed numerous models of classroom management. Use these models to share the rules, consequences and rewards, procedures, strategies for motivating learners, and strategies for building a positive learning environment for your classroom.

Classroom Management Plan

List the following:

Rules (only 4–5)
Consequences & Rewards
Procedures
Discuss your strategies for addressing the following in your classroom:

Motivating all diverse learners.
Building a positive learning environment.
State and discuss the models or theories of classroom management that you used to inform your classroom management plan.

After you have posted your classroom management plan, please respond to your classmates and give them feedback and suggestions on their plans — what else might they do? Are there additional issues they could plan for or should have considered? Do you see some ideas that you might incorporate into your own plan?

Course Reflection

Reflect back on your initial response about classroom management in your introduction post.

How do you define classroom management now after completing this course?
What are the areas of classroom management that you now find most challenging after completing this course?
How have your responses to these questions changed since the beginning of the course?
How can you use the details learned in this course to inform your classroom management practices in your classroom?

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explore numerous classroom management models and theories

Assignment Details

In this course, you will explore numerous classroom management models and theories. You will begin this journey by choosing one model to research for this paper. This assignment provides you an opportunity to develop your understanding of one particular model. In this paper, you will choose one of the models or theories presented in the textbook. The research project should include the following elements:

Introduction: The introduction should state the name and author of the model or theory you have chosen along with a short overview. Explain why you chose this model or theory over others.

Body: The body of the paper contains the key points of the model or theory with specific explanations of those points and examples of how they would work in the classroom. Include a discussion of the advantages and disadvantages of implementing this model. A minimum of three credible, reliable sources should be used to support your writing.

Summary and Conclusions: In this section you should discuss how you would implement three of the key points of the model or theory into your own classroom (noting any changes in your present management style you would need to make or any training you feel you might need) to make this implementation successful. If you disagree with one of the key points, discuss why that point could not be successfully implemented into your classroom and support this reasoning with evidence from another model or theory.

This paper should be 2–3 pages in length. Present the research project in APA format, with a title page and properly formatted citations and reference list.

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Impact of Knowledge Management System (KMS) on the organization

Assignment based on Impact of Knowledge Management System (KMS) on the organization.

Client Info:

Mehdi Alinejad, Sales Engineer at Total Parking Solutions Inc. (totalparking.ca)

Field of business: Automated and semi-automated parking systems for buildings.

Organizational chart:

Permanent full-time employees: 2 persons, outsourced /part-time/ internship: 7 persons

Current Problem (briefly): All of our data are saved in different locations (PC, Google Drive, or

even hard- copy), which is hard to save or find the required data. Also, it cannot be accessed easily

from everywhere.

Some detail about the Problem:

• Data is saved in different locations: paper, pc, Google Drive, WhatsApp, and Telegram. So

we always have problems with where to save new data or where to find old data.

• We ran out of data storage in our computers and Google drive (high amount of data as well

as duplicated data)

• Some of our data are related to different subjects (e.g., a data sheet could be related to a

product and a project at the same time). So they are duplicated in different folders or

subfolders and even within the same folder. These duplicated saved data occupy data

storage space and make us confused during data access. A data cleaning app/software is

helpful.

• We need to give access to different users: different users, different access levels, un/limited

access time. The above organizational chart depicts users of the data.

• We do not have a search option for our stored date. Even if we search on the PC of Drive,

due to different locations of storage, and poor tagging/labelling, the suitable result is not

achievable. Moreover, the available search options will not find different contents that may

be related to our search.

• We need to classify our data as raw data (useful/junction), information, and knowledge.

• Our data should be appropriately classified and saved in the new data management system;

somehow, a new employee can find and understand everything with minimum/zero support

from the old employees (knowledge management).

Content (data to be managed in the new system):

– Video files (mostly from our projects)

– Image files (mostly from our projects)

– Chat texts or email texts (internal or external correspondence)

– Product’s data sheets

– Clients’ information

– Projects information (potential projects, current projects, finished projects,

maintenance/after-sales service projects,) – Marketing data

– Notes and schedules of our daily tasks/ projects, and deadlines reminder

Managing these different content as well as the users who access these contents is essential

for us.

Solution required: A digital data management system (Digital transformation) may be a

suitable solution.

Required: This is a business report to the CEO.

Minimum: 2000 words or 6 pages (apart from the cover page & references page).

Diagrams and tables to support your analysis should be included in the paper.

At least five academic references APA 7th edition should be included in this report.

Recommended: Get Guru Knowledge management system and Freshdesk Knowledge Management system

  1. Do a comparative analysis of both Knowledge Management systems to solve the problems and answer the questions below
  2. What kind of technology is needed in the organization to deploy the suggested KMS systems? What is needed at a desktop level, a network level, a storage level, and a mobile level?
  3. What kind of cybersecurity is needed for both KMS systems?
  4. What are the challenges to getting employees to use the suggested KMS systems? For each challenge identified, how will those challenges be mitigated?

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Develop and manage performance-management processes

Adv Dip Community Sector Mgt 2B

  BSBHRM512 Develop and manage performance-management processes

Participant Assessment

Need Help with your Assessment?

Post your query to your fellow participants in the Discussion Forum – Need Help with Your Assessment? Use this forum to post any question about any part of the assessment. Alternatively, post your query to the Facebook Study Group for your course.

Perhaps, you need help answering a particular question or sourcing the information from the resources.

Perhaps, you need some informal feedback on your assessment before you submit it. You can upload your assessment here and ask your fellow participants for a constructive and supportive review.

Perhaps, you can even help another participant and answer their questions. Sharing information is the key to success and remember the only silly question is

the one that remains unasked!!!

Assessment

Assignment Activities

There are 3 parts to this assignment.

Use a word processor to create one document with your responses to all parts.

Part 1 is a Scenario. Read through the scenario carefully. Answer, 250 words. Part 2 is an Activity. Read through the activity carefully. Answer, 250 words. Part 3 is the Project. Read and follow the instructions provided.

Scenario

You are responsible for developing and monitoring KPIs for a staff member who is responsible for recruitment in your unit.

a.   Provide examples of at least four possible key performance indicators (KPIs)

that are specific, measurable and align with business goals.

b.   Explain how you would monitor these KPIs.

c.   How frequently would you meet with the employee regarding the KPIs? Explain

your rationale for this.

d.   find the employee is not meeting their KPIs, describe briefly the steps you would take to deal with the situation?

Activity

a.   Provide a sample learning and development plan for a junior manager whose training needs have been identified by their manager as managing people and delegating effectively.

b.   Part of your suggestion for the manager is to enrol in a Certificate IV in

Leadership and Management which can be undertaken on the job. What process would you use to select the sup plier to satisfy the needs of this manager?

c.   How would you monitor the success rate of the training and notify his/her

supervisor?

d.   The manager has come back to you during his/her training and expresses concern about the training provider in particular the l ack of support being provided. How would you manage this?

Project

Assume you have recently joined a tech company “High Tech Pros” (simulated, not a real business) that has grown rapidly from a small start -up to now employing over 200 staff. Of the 200, 125 are full-time staff and 75 are contractors (who are hired as required). Most are technical officers (analysts, programmers etc.) with 16 being administrative staff looking after accounts, marketing, sales, HR and general administration.

Both the owners and the managers they have employed are highly skilled technically but have little true management experience. The owners have plans to grow by up to 100% over the next 12 months and know they need processes to ensure they manage their staff. They have read about Google’s success in motivating and managing staff and have asked you to complete Parts A  to D below in order to:

        Put a performance management process in place for all staff

     Help their managers transition from being competent technicians into being great managers

Read the following case study about the real company “Google” (no need to google

this, ha ha):

Sourced 13/10/2016 from European CEO magazine, (15/06/2015 ed .): http://www.europeanceo.com/business-and-management/secrets-of-googles- talent-retention-success/

This March, Fortune named Google, already the world’s biggest search engine, the number one employer for the sixth year in a row, making the tech company the ultimate talent magnet.…

“The capabilities of IT systems allow a more sophisticated and analytical approach to HR than was possible in the past”, says Mark Thompson, Head of Reward Consulting at management firm Hay Group. Thus, cold hard facts are employed in order to keep the chances of unexpected outcomes to an absolute minimum.

At Google, employees are considered the company’s most valuable asset – the backbone of the organisation. They are given freedom, a healthy work-life balance, incredible perks, and even the chance to have fun at work. There are many who maintain that such radical practices are a waste of money and time, and some may find them simply absurd. And yet, the results speak for themselves.

“What HR should and must focus on is understanding the relationship between the things which motivate and engage people as individuals”, says Laurence Collins, Director of HR and Workforce Analytics at Deloitte. “The environment, work, growth, reward and flexibility it offers, [are] part of the employee proposition.”…

Each year, two million people apply for around 5,000 vacancies at Google. With better odds of being accepted into Harvard or even of being struck by lightning, many hopeful candidates turn to unorthodox means to make themselves stand out. Lazslo Bock, Head of People Operations at Google, told Forbes in a recent interview that he often receives pleas, bribe offers and even threats from applicants. …

During the recruitment process, Google uses an algorithm to make predictions regarding which candidates have the best chances of succeeding at the role in question. Those with a very high IQ are often chosen, although the ability to learn and absorb information is considered more important. Riddles and brainteasers are no longer used, as analysis carried out by the department has found that those who do well in such exercises are not necessarily the best candidates. Traditional interview questions have thus made a comeback in Google’s interview process. …

The people operations team also looks for those who will fit into the firm’s unique culture. Namely, they are looking for ‘Googleyness’ or, in plain English, intellectual humility. … So as to prevent shortsightedness, verdicts, such as whom to hire and fire, how performance is rated and which promotions are given, are never made unilaterally. “Each of these decisions is instead made either by a group of peers, a committee, or a dedicated, independent team”, writes Bock in his book Work Rules.

…

Generally, people spend most of their lives at work. It is, therefore, vital for it to be as pleasant as possible. Furthermore, an infinite budget or worldwide status is not necessary to create such a setting, as many cynics often claim in response to Google’s style of management. Considering employees as the most precious commodity within a business is how it can be achieved. Creating an environment in which employees want to get up and go to work can enable them to reach their full potential – to the benefit of their employers and all those around them. To s ome, this may seem like an unmanageable task, but it really isn’t – Google proves that it is possible.

Part A

Based on what you have read so far in this “Google” case study, plus other research and your experience, develop recommendations for:

a.   A performance management process that would suit the company you joined “High Tech Pros”, keeping in mind that some employees are part -time or contracted.

b.   Organisational timeframes for formal performance management sessions. c.   A quality improvement plan for the performance management process.

Part B

Explain who you would consult with at “High Tech Pros” and outside that company,

to ensure there is agreement on the new formal performance management

process you recommended in Part A.

Part C

Develop a series of short lunch-time sessions for the “High Tech Pros” management team (use a few bullet points for each session) to train them on: a.   How to develop KPIs for their staff.

b.   How to provide feedback to under-performers c.   Basic staff coaching techniques

d.   Dispute resolution and mediation processes e.   How to conduct a performance review

f.    Recording information and storing documents relating to performance reviews and performance management sessions.

Note: You should be mindful of maintaining the attention of managers given their different learning styles and may use PowerPoint, video, Word documents or any other technology that is accessible and appropriate for this task.

Part D

Design a coaching/mentoring program to support managers at “High Tech Pros” in their role. You may choose to use internal or external providers (or both), but must provide a rationale for your choice and explain the process of introducing the program including consultation with key stakeholders.

discuss. If you are not currently working in HR, consult your tutor/assessor about work experience or an alternative task.

Upload your completed work on your MyUpskilled portal.

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