0
Add your answer:
Earn +20 pts
Who should be involved in the design and development of risk management and contingency plans for a project?
The stakeholders (anyone who has an invested interest in the project at hand) should be included to raise potential threats or hazards and allow for the project manager to establish contingency plans in the planning phase. Good communication and planning can create effective contingency plans via holding a meeting with key stakeholders. Thus, when a calculated risk occurs the contingency plan is ready to implement immediately. If a crisis were to occur from unforeseen threats or risks such as a force of Mother Nature, then this would be dealt with by a crisis management team collated from select managers of project operations and the project manager. Crisis management slightly differs from risk management and has its own set of contingency planning stages (to be incorporated into a project manager's plans).
What is the difference between global strategic management and strategic management in the domestic context?
Strategies are formulated based on environmental forces. Diversity management is more apt in Global context than domestic context. On the face of it formulation of strategies may appear to be same for all markets but the implementation component is impacted by diversity. Thus the domestic Strategic Management differs from Global Strategic Management in several dimensions, the critical of them being being diversity (of all types), Scale, Distances, Exchange Rates and National Policies.
How does the modern financial manager differ from the traditional manager?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
Why Henri Fayol is called father of modern management theory?
Fayol has been described as the father of modern operational management theory (George, p. 146). Although his ideas have become a universal part of the modern management concepts, some writers continue to associate him with Frederick Winslow Taylor. Taylor's scientific management deals with the efficient organisation of production in the context of a competitive enterprise that has to control its production costs. That was only one of the many areas that Fayol addressed. Perhaps the connection with Taylor is more one of time, than of perspective. According to Claude George (1968), a primary difference between Fayol and Taylor was that Taylor viewed management processes from the bottom up, while Fayol viewed it from the top down. George's comment may have originated from Fayol himself. In the classic General and Industrial Management Fayol wrote that "Taylor's approach differs from the one we have outlined in that he examines the firm from the "bottom up." He starts with the most elemental units of activity-the workers' actions-then studies the effects of their actions on productivity, devises new methods for making them more efficient, and applies what he learns at lower levels to the hierarchy...(Fayol, 1987, p. 43)." He suggests that Taylor has staff analysts and advisors working with individuals at lower levels of the organization to identify the ways to improve efficiency. According to Fayol, the approach results in a "negation of the principle of unity of command" (p. 44). Fayol criticized Taylor's functional management in this way. "… the most marked outward characteristics of functional management lies in the fact that each workman, instead of coming in direct contact with the management at one point only, … receives his daily orders and help from eight different bosses…" (Fayol, 1949, p. 68.) Those eight, Taylor said, were (1) route clerks, (2) instruction card men, (3) cost and time clerks, (4) gang bosses, (5) speed bosses, (6) inspectors, (7) repair bosses, and the (8) shop disciplinarian (p. 68). - [1] - This, Fayol said, was an unworkable situation, and that Taylor must have somehow reconciled the dichotomy in some way not described in Taylor's works
Horizontal integration differs from vertical integration in that it?
consolidates many firms involved in the same business into on giant company
Explain how the contingency approach differs from the early theories of management?
The contingency approach is different from early management theories because it advices managers to treat every situation as unique. There is no super way of managing every situation.
Who should be involved in the design and development of risk management and contingency plans for a project?
The stakeholders (anyone who has an invested interest in the project at hand) should be included to raise potential threats or hazards and allow for the project manager to establish contingency plans in the planning phase. Good communication and planning can create effective contingency plans via holding a meeting with key stakeholders. Thus, when a calculated risk occurs the contingency plan is ready to implement immediately. If a crisis were to occur from unforeseen threats or risks such as a force of Mother Nature, then this would be dealt with by a crisis management team collated from select managers of project operations and the project manager. Crisis management slightly differs from risk management and has its own set of contingency planning stages (to be incorporated into a project manager's plans).
The management team of your organization would like you to investigate how the product, price, pricing, and promotional distribution approach differs in a variety of international contexts?
98
The Absorption approach to the computation of manufacturing cost differs from the contribution approach because the absorption approach includes?
All fixed costs.
Did Spanish use a guitar?
Yes. In fact, the style historically differs from the 'classical guitar' style of usage.
What kind of music is featured in musicals?
Differs. Can be broadway, to pop, to rock to classical.. It is usually orchestra driven.
Would you please demonstrate the use of the word 'classical' in a sentence?
Isn't Mozart a wonderful composer of classical music?Hansel and Gretel is a classical example of the work of the brothers Grimm.Spanish guitar differs from classical guitar, but they sound the same to me.
How logical architecture of DBMS differs from physical architecture?
Architecture is the frame work of the Database Management System. They are simply classified into logical and physical.
What is it management software?
IT project management is an area of project management that has an emphasis on computer technology. This form of project management differs from other management systems in the way that it deals specifically with how information is handled via both software and hardware. For a less abstract definition of IT project management, two questions can be considered: what is IT? and what is an IT project? These questions are answered below, addressing several fundamental aspects of IT project management.
The classical concerto differs from the symphony in that it does not have a movement that the symphony has. What is that movement?
As a general rule, a classical symphony has four movements and a classical concerto has three. The nature of their respective first movements and finales is likely to be similar in each case. Each genre will also usually have a slower, more lyrical movement. What a symphony will also have, and a concerto will lack, is a movement cast as a minuet and trio or scherzo and trio.
What is software it?
IT project management is an area of project management that has an emphasis on computer technology. This form of project management differs from other management systems in the way that it deals specifically with how information is handled via both software and hardware. For a less abstract definition of IT project management, two questions can be considered: what is IT? and what is an IT project? These questions are answered below, addressing several fundamental aspects of IT project management.
Origin of days of the week?
The days of the week are named after the seven planets of classical astronomy. However, their order in the calendar differs depending on the society or tradition. Link of Wikipedia entry can be found below.
