Business Assignment 2 Essay Example | Topics and Well Written Essays - 1500 words

Business Assignment 2 - Essay Example s  better, for in human society.† Management today is not just restricted to human resource but is now divided into various segments like management of finances, strategic management, operations management, time management, marketing management and crises management. (Finkelman, 2006). There are various functions of management that includes planning, organizing, staffing, directing, coordinating, reporting and budgeting. It is through these functions that complete and successful management can be done in an effective and efficient manner. (Finkelman, 2006). There are three different role of management or a manager that are interpersonal roles, informational roles and decisional roles. (Covey, 1992). Interpersonal roles includes role of a figurehead, leader and liaison. Informational manager’s role is of monitoring, disseminator and as a spokesperson. Decisional roles include entrepreneur, disturbance handler, resource allocator and negotiator (Mintzberg, 1973). In general, there are two approaches to management, the industrial organization approach and the sociological approach. (Covey, 1992). Industrial organization approach deals with economic theory focusing on competitive rivalry, resource allocation and economies of scale. (Finkelman, 2006). Sociological approach deals with human interaction assuming rationality, satisfying behavior and profit sub-optimality. Thus a good management style is a mixture of efficiency and effectiveness without which the desired result can not be reached. (Bush, 2003). A leader  is a person who guides others toward a common goal, showing the way by example, and creating an environment in which other team members feel actively involved in the entire process. A leader is not the boss of the team but a person that is focused to carrying out the mission of the organization. (Bush, 2003). Therefore leadership is the process by which an individual influences others to achieve a common goal and creating an environment in which

Will fax it Essay Example | Topics and Well Written Essays - 4250 words

Will fax it - Essay Example The success of the company can be explained by the extremely high quality of the products offered, the continuous evaluation and restructuring of the customers’ support which enforce the creation of a friendly and effective support available on a continuous basis to the company’s customers. The perspectives for the company in the future seem to be positive. The company has managed to obtain a significant share of the global telecommunications market and to control the development of its competitors through the continuous research of the trends and the requirements of the telecommunications industry. In order to evaluate Vodafone’s financial performance particularly regarding the company’s shareholders we should present and evaluate the particular financial results (as stated in the company’s accounts) which show the company’s current financial strength but also its prospects for the future. We should also take into account that even when the financial results present a very positive aspect of a company’s financial performance, it is sometimes an issue of temporary conditions and in any case that one would proceed to the investment in a particular company, he should take into account that there is always the risk involved. In this context, Drury (2001, 222) states that risk ‘is applied to a situation where there are several possible outcomes and there is relevant past experience to enable statistical evidence to be produced fro predicting the possible outcomes’ while uncertainty ‘exists where there are several possible outcom es, but there is little previous statistical evidence to enable the possible outcomes to be predicted’. This differentiation between uncertainty and risk is practically with no particular meaning especially when the amount which is going to be invested in a specific company is significant. In this occasion there is no space for ‘uncertainty’ but it is