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Management Activities, : - Coggle Diagram
Management Activities
Stock control
raw materials
work in progress
finished goods
merchandise
methods of managing stock
manual stock take
EDI
just in time
benefits of stock control
increased efficiency
feedback
reduced costs
theft
Organising
Types of organisation structure
Functional
advantages
employee motivation
expert knowledge
responsibility
Disadvantages
focus on department goals
slow communication
lack of teamwork
Geographic
Advantages
Local managers
Friendly competition
promotion
Disadvantages
Duplication of work
Conflict between management
communication
Product
Advantages
Consumer demand
monitor product preformance
Expert knowledge
Disadvantages
Duplication
product competition
poor communication
Matrix/Team based
Advantages
increased motivation
improved communication
improved decision-making
Disadvantages
multiple managers
training costs
lack of trust
choosing an organisation structure
consumer demand
specialisation
intrapreneurship
Chain of command
span of control
Factors affecting span of control
trust
employee skills
tasks
managerial workload
levels in an organisational structure
shareholders
board of directors
senior management
middle management
supervisor
frontline staff
Delayering
advantages
improved communication
reduced costs
disadvantages
decreased motivation
managerial span of control
Credit Control
set credit climits
check customers creditworthiness
efficient administration
debt collection procedure
benefits of credit control
lower risk of bankru
importance of control
business goals
maximise resources
employee motivation
increased sales and profits
Planning
smart plans
Steps in planning process
set a goal
create a plan
assess current situation
weaknesses
opportunities
threats
implement plan
review the plan
Benefits
anticipate problems
identify swot
improves motivation
benchmarking
finance
Stakeholders and planning
Investors
Employees
Suppliers
Financial control
cash flow forecast
ratio analysis
budget allocation
quality control
purpose
detect
prevent
correct
improve
achieving quality control
Inspections
Quality circles
employee motivation
reduced costs
improved quality
Quality Awards
Q mark
Bord Bia Quality mark
ISO 9000 series
benefits of quality awards
Consumer trust
marketing
exports
pricing
Total quality management
customer satisfaction
Quality awards
reduced costs
credit control
setting up a credit control system
set credit limits
check consumers creditworthiness
efficient administration
debt collection procedure
benefits of credit control
lower risk of bankrupcy
reduced bad debts
increased sales and profits
Controlling
Steps in the management activity of control
Step 1: set the standard
step 2:measure preformance
step 3: compare with standard
step 4: take corrective action
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