Business Management - 785 Words

Business management through the implementation of four major tasks: The planning of the goals we want to achieve, time to achieve and how they want to achieve. The organization is designed which is where the role of each member within the company. The direction passing decisions and knowing lead the people within the organization. Control, which verifies that everything goes as planned, identify any deviations that may occur with respect to the plan and take corrective action if necessary. I will focus on the first two functions because as you do not get anywhere unless we know where we are and where we want to go, planning is considered the first activity we should develop in the field of business administration. Once certain†¦show more content†¦To achieve that cooperation between the people who make the company is optimal and work in a coordinated manner as a team have to design the function that each member of the organization should be performed. The functions or tasks that should be performed each must be well defined so that you can enter in the best way possible and achieve the desired objectives. But what is necessary to design an organization ?. First classify following performance criteria tasks that we have identified as necessary for the company to function optimally in the planning stage, then these tasks are grouped (by having common characteristics for example) to realize that departments or sections It corresponds. The next step is to assign each group a responsible and give it authority to supervise the work done by the department and the work of each person and finally the organizer. The last phase is to establish measures of horizontal and vertical coordination of the groups that form the structure to achieve the highest levels of efficiency that hardly could be achieved if the departments created work without coordination why is coordination, which makes cooperation among people to be efficient. The organization must stop designed consciously all the resources available to achieve the objectives, assigning them to the differentShow MoreRelatedBusiness Marketing Management : Business Management1077 Words   |  5 PagesGross Ms. Jessica Madinger Comp 101 C 9 November 2015 Business Marketing Management Outline Business has several majors to seek, such as: Accounting, Economics, Administration, Marketing, International business, Entrepreneurship, and lastly Management. A business degree has many of opportunities. This paper is going to specifically focus on Management which you can get a minor in marketing, which would be called marketing management. Management has several classes to can take, and several of careersRead MoreBusiness Management Analysis Essays992 Words   |  4 PagesJuly, 2006 and is advised by doctors to reduce stress significantly in daily routine. This has forced him to take an appropriate decision about his business. He is in a dilemma and not able to decide which course of action will be beneficial both for his business as well as his health. Keeping this in mind, he has hired the services of a management consultant to help him take a decision on how to proceed. Keeping ourselves in his shoes, we have analyzed various alternatives based on the followingRead MoreBusiness Analysis : Management Accounting1289 Words   |  6 Pages 1. Introduction All businesses have a large amount of stakeholders. Pauline (2013) defined that stakeholder is a general term to indicate all those who might have a legitimate interest in receiving financial information about a business because they have a ‘stake’ in it. All stakeholders must need accounting information to help them making better decision. Most of the businesses have provided different sort of accounting information like balance sheet and income statement. However, no all the stakeholdersRead MoreThe Philosophy Of Business Management991 Words   |  4 PagesWhat brought me to have a passion for business was my leadership skill set. As a child I always knew what I wanted my profession to be, I get electrified whenever I learn something new or see businessmen in their suits. I have come to realization, this job has a lot of components and it is an everyday challenge, although I have a great fondness for competition as well as challenges. The philosophy of business manage ment considers the fundamental principles that underlie the formation, operation,Read MoreReflective Portfolio Of Business And Management2595 Words   |  11 Pages Assessment 2 Reflective Portfolio Subject: -strategic management B.A. in Business and Management University of Northampton, United Kingdom Tutor: Miriam Seifert By: Heelly Vaghasiya (UON I/D: 14439316) Acknowledgement I am very pleasure to have this chance to say thank you to everybody who emphasized me all throughout my study period. I am very appreciative for their help, direction, significantly positive feedback and neighborly counsel amid my assignment. I am genuinely appreciativeRead MoreManagement and Business6767 Words   |  28 Pages Assessment activity 1 1. What are your organisations core business activities and its core processes?   Businesses core business activity is something it does especially well in comparison to its competitors. It has an advantage because the Company acquires expertise that competitors do not have.   The processes may be such things as better research, better manufacturing processes, technology etc. 2. What environmental management issues must be taken into consideration when planning and managingRead More ¥ Business Management :  ¥ Us1790 Words   |  8 Pages  ¥ Operations refers to the transformation processes of business and may involve the production of goods or the delivery of services  ¥ It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit and the administration of business practices to create the highest level of efficiency possible within an organization.    ¥ When operations are managed well, it makes the function of all other departments easier, and likewise, when operationsRead MoreManagement and Business Essay5260 Words   |  22 Pages1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station, restaurant Medium business: e.g. coffee club, nando’s Large business: Maccas, red rooster, kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (bigRead MoreThe Ethics Of Business Management Essay1279 Words   |  6 Pageswith Dr. Lisa Calvano, I did not have the impression that research was involved in any part of business management. After meeting with her, I learned exactly how important research is to the business management discipline. Research in business management is a systematic investigation that helps to answer complications and problems within businesses. Research in the field contributes to solid management understanding and knowledge. Information from research is usually produced by classical methods:Read MoreBusiness Management : Corporate Management947 Words   |  4 PagesThe owners of business untimely intend on making profits by conducting business. They usually hire managers with the responsibility of controlling the daily operations of that business. One of the most important organizational managers is the financial manager who is responsible for the finances that are essential. The financial manager monitors and makes decisions that affect both long-term and short-term assets and liabilities using tools like capital budgeting, capital structure, and working capital

United Statessupport For Upgrading Existing Rc Structures

It is well-known that many reinforced concrete columns including particularly those RC columns constructed prior to the 1970s have been reinforced with an inadequate amount of transverse steel reinforcement which provides inefficient confinement to the concrete core or lateral restrain to the longitudinal reinforcing bars. Since the FRP composites owe some of the extraordinary properties such as high strength-to-weight ratio and excellent corrosion resistance, the use of externally bonded FRP composites has significantly increased in the construction industry. As confinement jackets, using FRP techniques is nowadays become one of the most popularly innovative confining means for upgrading existing RC structures. Therefore, several experimental studies have been carried out to date, such as on retrofitting or strengthening those structures with FRP systems, for example. In case of rarely sever seismic loads, establishing an axial stress-strain model considering cyclic axial compressi ve load is, in turn, imperative for simulating FRP-confined RC columns subjected to earthquake loads and performing a proper seismic design of such FRP-jacketed RC Columns, which are typically subjected to both axial and lateral force Wang et al.(2012). A uniaxial stress-strain model can be developed from laboratory testing results on axially loaded concrete columns confined with fiber-reinforcement polymer (FRP) composites and can then be applied as the constitutive law for confined concrete

Training and Development Uber and Grabtaxi

Question: Discuss about the Training and Development for Uber and Grabtaxi. Answer: Introduction The study is about the problems faced by Comfort Transportation Pte Ltd. The taxi industry of Singapore is not in a stable condition due to the emergence of Uber and Grabtaxi. The taxi industry is found to be in crisis as the Singaporean drivers are eager to join Grabtaxi and Uber. Major taxi companies of Singapore like TransCab and Comfort Delgro are incurring huge losses due to exodus of drivers. The study will focus on this situation by analyzing the needs of training in the organization regarding performance gaps of employees and the actions that the company will perform in order to reduce the impact of the new entrants in the industry. Business Goals The main business goal of the company is to become the best land transport provider with point-to-point transportation to the commuters. The business goals will be discussed in the form of SMART objectives. The company strives to meet and anticipate the changing demands and requirements of the customers and the markets. Specific- The company is focused to meet the regulatory requirements of Singapore by continuous improvement of technology, product quality, services, processes while establishing periodic review of the objectives. Measurable- The goals must be accomplished within a particular time so that the drivers of Comfort Transportation finds interest in the schemes of the company. Achievable- The business goals are achievable as they are formulated by conducting market research regarding the competitive business environment. Result-oriented- The steps of achieving business goals of Comfort Transportation are result-oriented as it is set for the benefit of the employees as well as to mitigate the demands of the industry. Time-bound- The methods and approaches of Comfort Transportation are to be accomplished as the organizational training need is required within the time. Training Need Analysis Organizational training need analysis is defined as the need of training in the organization while identifying the most cost effective methods of training that will meet the requirements of the business goals. Organizational training analysis focus on some aspects like business needs, training methods, current competencies, cost benefit analysis, effectiveness. The desired outcomes of the training need analysis will include the involvement of the driver for Comfort Transportation rather than Uber and Grabtaxi. The organizational analysis will address the wrong competencies that are responsible for wrong training methods (Sung Choi, 2014). The need for organizational training analysis is to identify the wrong training methods that are responsible for not meeting the expected outcomes. It will answer some questions such as the place of training, required cost of training, impact of training, persons involved in training, etc (Krueger Casey, 2014). TNA will determine the desired outcomes such as improving the ratings of the customer service satisfaction, improving the speed of service delivery, improvement of the employee morale via proper supervision, requirement of information required for organizational development and market needs, etc. Evaluation of the critical competencies will determine the abilities of the employees prior the job entry and after joining the company. The current competencies of the company regarding the mitigation of the impact of the deregulation of the taxi industry of Singapore are customer feedbacks, interviews, self-assessments, tests and performance evaluations (Elnaga Imran, 2013). Task Analysis Task analysis of Comfort Transportation is essential in order to improve the current responsibilities of the employees associated in setting new business goals. Task analysis in Comfort Transportation includes activities like element and task durations, task delegation, frequency of the task, environmental conditions, task complexity, etc. Task analysis is directly related to user analysis. The employees of the company will include checklists that will not only identify the faults of the processes of the company but also it will address the new roles and responsibilities of the employees. Apart from that, it can be said that critical task analysis is to be implemented rather than hierarchical task analysis (Shann, Martin Chester, 2014). A critical task analysis is defined as the analysis of the task that is delegated to the strategic management department of the company. If the human performances are not accomplished properly, then the critical task analysis will point out the adverse effects of the system reliability, system effectiveness, reliability or safety. The ergonomics professionals and human factors often perform them. The next step of task analysis is the requirement of training of the employees that needs improvement in the newly set business goals (Neuendorf, 2016). Individual Training Need Analysis Individual training need analysis is the last stage of the TNA where the implementation of the new activities of Comfort Transportation towards accomplishment of business goals is done. The people who are associated with the strategy building identify the need of training that is essential for measuring the performance of them in their field of work. For identifying the need of individual training, performance analysis needs to be done that will address the quality of the work performed by the existing employees. The training will be conducted in order to provide the knowledge of the different activities related to the new plan of employment of new drivers and building new policies for them (Ford, 2014). The newly recruited employees should be provided training regarding the organization culture of Comfort Transportation while providing them the knowledge about the benefits of joining the company. The best practices of Grabtaxi and Uber can also be implemented in the organizational c ontext so that the company can recover their losses incurred during the downturn of the taxi industry in Singapore (Goetsch Davis, 2014). Intended Learning Outcomes The training suitability analysis is required whether the intended training is the desired solution or not. Comfort Transportation is a reputed company in the taxi industry of Singapore. However, the training is the only solution that will increase the level of performance of the new drivers and other employees of the company. The different types of training need analysis like organizational training need analysis, individual training need analysis will help in identifying the actual methods and approaches of training that will be implemented in the organizational level of Comfort Transportation while improving the performance of the drivers (Dixit Bhargava, 2015). They can mitigate the gap of performance of the previous business model of Comfort Transportation and the current market trend. The current TNA for Comfort Transportation will definitely help in adopting best practices of the other multinational companies of Uber and Gryabtaxi. For this, Comfort Transportation must have t o conduct a market research in order to collect information and data regarding the competitive strategies of other companies in the same industry (Phillips Phillips, 2016). Conclusion It can be concluded that, with the rise of the new entrants in the taxi industry, ComfortDelgro is having losses. However, the new business goals are formulated while addressing the challenges of the enterprise and the industry as a whole. The requirement of organizational training-need analysis is essential in order to accomplish the business goals. This is to be done in order to identify the weaker areas of the employees to mitigate the performance gap. However, the intended learning outcomes portrays the necessity of the three analyses that is done in the context of organizational needs. References Armstrong, M., Taylor, S. (2014).Armstrong's handbook of human resource management practice. Kogan Page Publishers. Dixit, A., Bhargava, R. (2015). Training Need Analysis of Faculty Members of Business Schools.KHOJ: Journal of Indian Management Research and Practices,1(1), 83-88. Elnaga, A., Imran, A. (2013). The effect of training on employee performance.European Journal of Business and Management,5(4), 137-147. Ford, J. K. (2014).Improving training effectiveness in work organizations. Psychology Press. Goetsch, D. L., Davis, S. B. (2014).Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Krueger, R. A., Casey, M. A. (2014).Focus groups: A practical guide for applied research. Sage publications. Neuendorf, K. A. (2016).The content analysis guidebook. Sage publications. Phillips, J. J., Phillips, P. P. (2016).Handbook of training evaluation and measurement methods. Routledge. Shann, C., Martin, A., Chester, A. (2014). Improving workplace mental health: a training needs analysis to inform beyondblue's online resource for leaders.Asia Pacific Journal of Human Resources,52(3), 298-315. Sung, S. Y., Choi, J. N. (2014). Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations.Journal of organizational behavior,35(3), 393-412.