The explanation of the various management problems Essay

The explanation of the various management problems - Essay Example All of these fields are characterized with problem solving and decision making on the various management issues which is vital to the success and better performance of any organization in the context of the various department that are comprised in an organization. Through the study the student is able to make accurate, reliable and valid decisions on the management issues following the procedures and the guidelines that are consistent, feasible and in conformity with the better management practice and theories that aim at solving the underlying problems. With the effect of globalization and the advent of the new technologies taking its action in the various organizations, management has become an important tool and a vital aspect in the achievement of the set goals and objectives thus emerging the need to have a quality management team that is able to deliver the goal and objectives of the organization. Solving management problems requires the student to have adequate skills, qualifi cations and extensive understanding on the management and leadership which involves decision making. Although decision making has the tendency of being a natural and characterized with personal attributes it is important to integrate the various concepts of the management to improve the management decision quality and effectiveness. This implies that the management theories are acts as the facilitators of an effective, reliable, consistent and valid decisions made by the individual students who are the prospective managers of the various fields of management in the various contexts. The management theories assist management master’s degree students to be able to accurately interlink the management problem solving and the management decisions that are made at the various levels of management depending on the situation of an organization. The study of the management masters degree enables the students as potential managers to be able to apply the basic principles, laws and guid elines of the management process with the aim of optimally utilizing resources which are bound to be scarce. This process involves minimizing cost with anticipated maximum profitability and returns, and the whole process is facilitated by the modern management science and the availably technologies. In the field of management science and engineering the students of master’s degree will have acquired skills from the general management theories, operations management which is the core functional strategy of an engineering field, management system engineering, and information technology management - all these are incorporated with the decision making, game theory and the organizational theory. These theories mainly involve the designing of the economics management in engineering and the evaluation methods of the best engineering management practices. Secondly, there is the business administration where the study of the management theories is applied in the management of the corp oration businesses as well as the non-profit making organization. The

Managing Information 1 Assignment Example | Topics and Well Written Essays - 2500 words

Managing Information 1 - Assignment Example It is important because in the absence of long term information and corporate strategies, it is not possible for the company to succeed (Faulkner, 2013). ALIGNMENT STRATEGIES Companies adopt different alignment strategies because there is no single structure for a business strategic plan that would fit with every company effectively. An effective information and corporate strategy must communicate effectively among all levels of employees whether they are management or are in the rank and file. Currently it is a recognized fact that knowledge is essential for managers for their organizations to survive and prosper. Information systems are also important for the effective implementation of corporate strategies because it controls organizational ability and enables competitive advantages to companies. A strategic plan is not the same as an operational plan because it is creative and perceptive and evaluates things in the long run (Aloufi & Kabir, 2013). Case Study The role of informati on management is to support corporate strategies. This case study is about â€Å"Tree Top Incorporated†. The company needed to improve the customer services to increase revenues and also to for greater margins for stock-holders. They decided that replacing their existing software would upgrade business processes because their current software was not adequate to meet customer demands. The management of Tree Top Inc also perceived this as an opportunity to move forward their corporate goals by aligning the new software with corporate strategies. Although they had decided to change their existing systems in phases, they had to make sure that the new systems would get the desired results in the shortest time possible. They also had to ensure that the new system would help measure their progress in the achievement of their goals. The management decided that â€Å"Intentia† Application Suite suited their requirements because it was designed specifically with aligning market ing information with corporate strategies (Thompson, 2006). Planning the Strategy To implement the new marketing software with corporate goals, a team of Tree Top and Intentia started the project. The team met separately for each business operation and met with respective management representatives for each operational activity. The first and most important aspect was to include Tree Top’s business strategies in software such as how many people were involved in monthly estimation of the amount of product to be created and sold. This included other data, such as product groups, markets, locations and monetary information. It was also recommended that customer service be calculated by â€Å"crucial functioning conditions†. Overeaters Anonymous (OA) recommended operational activities that had a direct bearing on â€Å"Key Performance Indicators† such as improving order entry/maintenance which would work very well with the order metric. This could probably mean that maintenance improvements the company’s return on equity. Other essential business activities such as sales, production would improve by selecting the appropriate personnel to implement the best practices which would in essence improve overall corporate strategies which numbered around thirty five best practices . It was practically not possible to implement all thirty five best practices, so it was decreased to the nine best practices w