Managing a Business

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Employee motivation refers to the forces and reasons that inspire employees to engage in their work. Research shows that motivated and productive employees contribute to the company's profitability. Employers work to increase employee motivation because research indicates that motivated employees lead to increased work quality and improved attendance.

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  • What are the advantages and disadvantages of a seminar?

    Q: What are the advantages and disadvantages of a seminar?

    A: Seminars can be advantageous because they provide an environment where participation is encouraged and group learning can take place. On the other hand, the organization of a seminar may not be conducive to some learning styles, and some participants' expectations may not be met adequately.
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  • What is the best way to justify hiring additional staff?

    Q: What is the best way to justify hiring additional staff?

    A: The best way to justify hiring additional staff is to point out how important employees are for growth and customer service. Companies depend on employees to create, handle and sell products and service, and new employees are necessary for a company to meet its growth goals.
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  • Why is production planning important?

    Q: Why is production planning important?

    A: Production planning ensures materials, equipment and employees are all available to meet production goals for a business. It also provides a detailed plan on how a company will reach its production goals and how long it will take to achieve it, which can be useful for letting customers how long it will take before they can expect their orders.
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  • What is a baseline in project management?

    Q: What is a baseline in project management?

    A: The baseline in project management refers to the initial cost, scope and schedule of the project. The baseline functions as a measure so the project will not deviate. Establishing a baseline happens before the project starts; otherwise, project managers will not have a system of measure.
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  • What are advantages and disadvantages of tall organizational structures?

    Q: What are advantages and disadvantages of tall organizational structures?

    A: The advantages of tall organizational structures are more opportunities for advancement and more specialized managers; the disadvantages are higher costs and reduced empowerment. Organizational structures play a key role in effective communication and decision-making.
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  • Why is entrepreneurship important?

    Q: Why is entrepreneurship important?

    A: Entrepreneurship is important because it helps bring new products and ideas to the market. Some of the most important inventions only came to market because entrepreneurs took significant risks.
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  • What are some reasons people go into business?

    Q: What are some reasons people go into business?

    A: A business not only offers a possible income source, but many entrepreneurs like the high risk-to-reward opportunity of going it alone. Freedom is another major motive. People may start a business to avoid the traditional path of getting a job with an employer and a manager.
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  • Why is file management important?

    Q: Why is file management important?

    A: Properly managing your files ensures that you can find what you need when you need it. Good practice dictates that it should be organized similar to paper files.
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  • What are the advantages of a flat organizational structure?

    Q: What are the advantages of a flat organizational structure?

    A: The primary advantages of a flat organizational structure in business include direct involvement of workers in the decision-making process, better communication flow, faster response times to business challenges, and an open, collaborative environment that promotes idea generation and innovation. A flat organizational structure is characterized by few or no levels of middle management between workers and a company's top executive according to Forbes.
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  • What are disadvantages of a paper-based system?

    Q: What are disadvantages of a paper-based system?

    A: For most industries, a paper-based system is costly and insecure. Paper-based systems for managing documents and information is expensive because the company must allocate financial resources for both the cost of the materials and the labor power of managing them, including printing, collating and filing costs. This could mean employing additional workers who require salaries and benefits.
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  • What is information flow in an organization?

    Q: What is information flow in an organization?

    A: In an organization, the informational flow is the facts, ideas, data and opinions that are discussed throughout the company. Information is constantly flowing through organizations and acts as the blood of the company. When information is no longer allowed to flow through an organization, the organization will eventually begin to collapse.
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  • What is a bargaining unit employee?

    Q: What is a bargaining unit employee?

    A: A bargaining unit employee is an employee who belongs to a labor union. The labor union represents the interests of a group of employees during negotiations or bargaining with the management of a company or organization.
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  • What is the importance of policies and procedures?

    Q: What is the importance of policies and procedures?

    A: Policies and procedures play a very important role by defining an organization's guiding principles, providing detailed task instructions and forming the basic structure of business operations, according to the Global Post. Task procedures are designed following the framework of the governing policies.
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  • What is the purpose of MIS?

    Q: What is the purpose of MIS?

    A: The primary purpose of a management information system, or MIS, is to assist managers in making strategic, tactical and operational decisions in an efficient and productive manner. It provides managers with essential information that is gathered from a variety of sources, pooled into a single database and compiled in a readable format.
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  • What is a gemba walk?

    Q: What is a gemba walk?

    A: In business, a gemba walk is when a manager visits the site where the work is actually taking place. This is helpful for managers or supervisors to understand exactly where problems may exist in a location such as the manufacturing floor.
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  • What is the importance of employee benefits?

    Q: What is the importance of employee benefits?

    A: Employee benefits are offered in order to meet state and federal compliance. Various kinds of benefits also serve to lure the best applicants to an organization and to retain existing workforce. It is important to maintain employee benefits as a means of loyalty and talent management.
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  • How does domestic business differ from international business?

    Q: How does domestic business differ from international business?

    A: Domestic business is often easier to conduct than international business because international business means combining two or more different countries, which have different cultures, politics, legal systems, religions and business procedures. In order to succeed in international business, understanding the other country is necessary because even if the business model seems sound in one country, it might not fly in another.
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  • What does the "scope" of a business mean?

    Q: What does the "scope" of a business mean?

    A: The scope of any business involves every activity performed by that business including sales, services, product developments, marketing and contracts. Basically, business scope refers to all daily operations of the business, particularly those activities required to secure revenue.
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  • How does socio-cultural environment impact a small business?

    Q: How does socio-cultural environment impact a small business?

    A: According to the Houston Chronicle, the socio-cultural environment has an effect on a business' advertising and internal decision-making process. Businesses need to pay constant attention to changes in the socio-cultural environment in order to stay relevant in the minds of their consumers and gain competitive advantage.
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  • What is a network organizational structure?

    Q: What is a network organizational structure?

    A: A network organizational structure refers to a system of delegating and coordinating tasks among a number of partner companies or business entities with a common goal of producing a specific product. This arrangement gives a company the chance to collaborate with other related business entities to concertedly work toward realizing a common goal.
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  • What is tactical decision making?

    Q: What is tactical decision making?

    A: Tactical decision making is a business strategy where decisions are made with the end result of ensuring a company is as successful as possible, according to Blue Collar University. This means the company makes decisions that will contribute to the longevity, profitability, and continued improvement of all areas of operation.
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