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olga55
9 days ago
8

Managers and leaders perform many tasks as a result of their goals and objectives. Even though many tasks may be completed as a

result of their responsibilities, each task may be categorized into one of four functions of management.
Management is a process. This process is what allows managers and leaders to achieve organizational and personal goals. Included within this process are four functions of management. These four functions include planning, organizing, leading, and controlling. Each of these functions is an important aspect of the management process and must be implemented to achieve organizational goals.

Match the fucntion of the managment with each other.

a. Paul
b. Santiago
c. Mathew
d. Chioe
e. KellyTomasz
f. Ava
g. Michelle


1. Planning
2. Organizing
3. Leading
4. Controlling
Business
1 answer:
arsen [3.2K]9 days ago
4 0

Answer:

a. Paul - Planning

b. Santiago - Organizing

c. Mathew - Planning

d. Chioe - Organizing

e. Kelly Tomasz - Leading

f. Ava - Controlling

g. Michelle - Organizing

Explanation:

The process of planning in a company involves establishing objectives and determining the necessary actions to attain specified goals.

Following this is the organizing phase, where resources are assigned in a way that promotes the achievement of these goals, focusing on efficient resource allocation.

Leading refers to the ability to motivate individuals, enabling them to perform their tasks effectively. This aspect pertains to leaders who guide their teams towards achieving defined objectives.

Controlling is the concluding phase that entails assessing outcomes against predetermined standards to uncover any discrepancies.

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8 0
29 days ago
Review the Globe to determine Baldwin's current strategy. How will they seek a competitive advantage
arsen [3236]

This query is not fully formulated; the actual question is:

Examine the Inquirer to ascertain Baldwin's present strategy. What approach will they take to gain a competitive advantage?

Select the top five avenues for competitive edge that Baldwin is likely to pursue. Choose: 5 Save Answer Add additional products Provide appealing credit options Accept reduced plant usage and greater capacity to ensure demand is met Cut production costs via TQM practices Pursue high plant usage, even if it risks minor stock shortages Boost sales through TQM efforts Aim for outstanding product design, visibility, and accessibility Strive for high levels of automation Aim for the lowest price within their market sector while sustaining a competitive contribution margin Decrease labor expenses through effective training and hiring.

Result:

1) Decrease labor expenses through effective training and hiring

2) Aim for the lowest price within their market sector while sustaining a competitive contribution margin

3) Cut production costs via TQM practices

4) Aim for outstanding product design, visibility, and accessibility

5) Pursue high plant usage, even if it risks minor stock shortages

Rationale:

Below are the primary methods by which Baldwin can establish a competitive edge

Decrease labor expenses through effective training and hiring- Lowering labor costs allows Baldwin to maintain increased profit margins, giving it an advantage over its rivals. This corresponds to a Cost Leadership strategy.

Aim for the lowest price within their market sector while sustaining a competitive contribution margin- Baldwin can target specific markets and offer its products/services at minimal prices while remaining competitive. This strategy will enhance Baldwin's reach and bolster its market position ahead of competitors. This aligns with a Focus strategy.

Cut production costs via TQM practices- A reduction in production costs translates to increased profitability for Baldwin, thereby enhancing its competitive stance. This exemplifies a Cost Leadership strategy.

Aim for outstanding product design, visibility, and accessibility- By focusing on superior design, visibility, and accessibility, Baldwin can differentiate its offerings from the competition. When customers encounter a unique product that provides tangible benefits and is readily accessible, they are inclined to express interest, potentially paying a premium. This illustrates a Differential strategy.

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5 0
1 month ago
The accompanying data represent the monthly rate of return of a certain​ company's common stock for the past few years. Complete
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Lupe is a student who wants to open a bank account. Which type of bank is most likely the best option for her needs?
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A retail bank
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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 2%
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Response:

Year 1: Cumulative preferred stock dividends amount to $51,000; Common stock dividends amount to 0.

Year 2: Cumulative preferred stock dividends amount to $93,000; Common stock dividends amount to $12,000.

Year 3: Cumulative preferred stock dividends amount to $72,000; Common stock dividends equal $9,000.

Year 4: Cumulative preferred stock dividends amount to $72,000; Common stock dividends total $48,000.

Clarification:

Year 1

Total dividends distributed = $51,000

Cumulative preferred stock dividends due = 60,000 * $60 * 2% = $72,000

Paid dividends to cumulative preferred stock = $51,000

Outstanding cumulative preferred stock dividends carried over = $72,000 - $51,000 = $21,000

Common stock dividends = 0

Year 2

Total dividends distributed = $105,000

Cumulative preferred stock dividends due for year 2 = 60,000 * $60 * 2% = $72,000

Total cumulative preferred stock dividends owed = 72,000 plus the amount carried over from year 1 = $72,000 + $21,000 = $93,000

Dividends paid on cumulative preferred stock = $93,000

Dividends paid to common stock = $105,000 - $93,000 = $12,000

Year 3

Total dividends distributed = $81,000

Cumulative preferred stock dividends owed = 60,000 * $60 * 2% = $72,000

Dividends paid on cumulative preferred stock = $72,000

Dividends paid to common stock = $81,000 - $72,000 = $9,000

Year 4

Total dividends distributed = $120,000

Cumulative preferred stock dividends owed = 60,000 * $60 * 2% = $72,000

Dividends paid on cumulative preferred stock = $72,000

Dividends paid to common stock = $120,000 - $72,000 = $48,000

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9 days ago
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