Managing a Business

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According to Boundless, the three main types of management control are feed forward, concurrent and feedback controls. A multiple control management system is also possible when the three kinds of controls are combined. The focus of managerial processes determines the kind of control that is implemented within an organization. Each of the management controls aims at ensuring optimal utilization of resources and motivation of employees.

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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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  • Why Is Quality Control Necessary?

    Q: Why Is Quality Control Necessary?

    A: Quality control is necessary to ensure that all products sold to customers are of the highest possible quality, according to Six Sigma Online from the Aveta Business Institute. During quality inspections, workers check for malfunctions, discolorations, potential hazards and other defects that can compromise the quality of the merchandise.
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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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  • What Is a Business Overview?

    Q: What Is a Business Overview?

    A: A business overview is a section of a business plan. When a business plan is created, it must include a summary of the necessary steps to make the plan work: vision, mission, strategies of work and goals for the business venture. This overview section should be short and concise.
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  • Why Do Businesses Need to Set Aims and Objectives?

    Q: Why Do Businesses Need to Set Aims and Objectives?

    A: Aims and objectives provide direction and a sense of purpose for a business. A compelling goal is used to develop strategies and actionable tasks that departments and employees complete. Organizational aims help a company direct all workers toward the same ultimate objectives.
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  • How Are Officers Installed?

    Q: How Are Officers Installed?

    A: Officers of corporations are appointed by the directors sitting on the board. The directors decide how many officers to install and the role each officer performs for the company. There are no specific requirements for being a corporate officer. Officers can also serve as company shareholders or directors.
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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 the Purpose of Reward Management?

    Q: What Is the Purpose of Reward Management?

    A: The main purpose of reward management is to provide interest and motivation to employees. When interested, workers are more dedicated to maintaining a high level of performance. When motivated by some type of reward or compensation, production, performance and work quality improve.
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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 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 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 Management Structure?

    Q: What Is Management Structure?

    A: Management structure refers to the organization of the hierarchy of authority, which defines accountability and communication channels within an organization and with its external environment. Each organization has its unique management structure based on its operations, but the common denominator present in every organization's management structure is that it defines the flow of responsibility within an organization. It also defines who is responsible for each role in an organization.
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  • What Is the Role of a Deputy Manager?

    Q: What Is the Role of a Deputy Manager?

    A: A deputy manager helps a general manager to organize company programs, projects and personnel.0 Also called assistant managers, deputy managers' duties vary by profession, but every industry requires certain qualities from deputy managers.
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  • What Are the Four Essential Aspects of Successful Training?

    Q: What Are the Four Essential Aspects of Successful Training?

    A: The four essential aspects of successful training are learning objectives, involvement, opportunity to share experiences and fun. Malcolm Knowles first proposed these aspects in his book "The Adult Learner," a book on adult learning theory.
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  • What Is a Min/max Inventory System?

    Q: What Is a Min/max Inventory System?

    A: A min/max inventory system is an approach to managing materials or goods in which the business sets a minimum threshold and a maximum level of inventory to hold. When the current supply of an item reaches the minimum level, a new order is placed. When new materials or goods are ordered, the total supply on hand cannot exceed the maximum amount.
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  • How Would a Person Start a Pharmaceutical Company?

    Q: How Would a Person Start a Pharmaceutical Company?

    A: To start a pharmaceutical company, a person needs to have the intellectual property rights to a new medication or treatment with market potential. The functionality of the medication is scrutinized, then market consultants are hired to assess sales viability. Market outcomes are then projected to aid in putting together an attractive business plan for investors.
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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 Does a Managing Director Do?

    Q: What Does a Managing Director Do?

    A: A managing director is in charge of developing new business for the firm, ensuring customer satisfaction, employing and retaining workers and briefing the board of directors on the development of the firm. He wins and maintains new clients and also creates harmonious working conditions for all employees within the firm. A managing director runs the business on behalf of the board of directors.
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  • How Do You Write a Strategic Plan?

    Q: How Do You Write a Strategic Plan?

    A: To write a strategic plan, write an organizational overview, and a mission and vision statement. Analyze the company's internal and external situation, and develop business growth goals. Explain performance metrics, and summarize the plan.
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  • Why Is Professionalism Important?

    Q: Why Is Professionalism Important?

    A: Professionalism is important because it can lead to better company standards and higher success rate for employees and can help to create better relationships with clients and coworkers. Professionalism is important to have at any level of the corporate ladder.
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  • How Do You Write a Business Plan Format?

    Q: How Do You Write a Business Plan Format?

    A: Writing a business plan format involves describing your company, analyzing the market you hope to serve, and describing your company structure. Include the products you plan to sell and financial projections for up to two years.
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