Explain the following terms: i. Efficiency ii. Effectiveness b. Distinguish between effective managers and successful managers. And source of reference for each question.
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.Ana Chua, a BS Entrepreneur student observed that in their subdivision, there are only 3 water refilling stations and every household purchased mineral water twice a week. With a limited number of refilling stations, some of the households were forced to purchase mineral water outside their subdivision which is a little farther in their vicinity. Ana Chua became interested in putting up a water refilling station in their subdivision and comply in her course to set up and run a small business in their subdivision. She has the following data based on her observation. No. of households in their subdivision = 80 No. of times the households buys mineral water = 2 times a week Average price of mineral water the households buys = P120 1. Compute the market size and market size profit of the water refilling station (5pts.) Market size = Market size profit %3D 2. Compute for the market share of the competitors and Ana Chua (5 pts. each) The total market share of Ana Chua's competitor is 75%…Scenario 32: Overworked Employees You get to work and ore shocked when an employee throatens to quit Thoy state thot they didntexpoct the job to be so much work ond it has limited thoir obility to see their famly. You realze yourselt that you hove missed many events othome. You apologize ond osk thom to give you 24-hours to creato a stronger plan that allows for overyone to hove a better work-life balance.R has become opparont that you have only tocused on the business needs ond need to spond more time looking at tho other oreas of the businoss Check each of the actions that can be taken to make stotting inventory operations, floor space and sales moro efficiont while olsa managing your staff's porsonai noeds from the st below. Create new policies around work time and time of Delegate and assign tasks equally to create efficiency Involve Staff in planning work expectations Hire appropriate levels of staff to meet the business needs
- 5) Sometimes it is appropriate to take a job instead of a career. Explain at least two situations where this would be true.2. Two managerial functions identified by the French Industrialist, Henry Fayol in the early 1900s are planning and control. a. a. TRUE b. FALSEAppraising Performance, Goall Setting ( Management by Objectives) how effective is this method within and organization?
- 2.2: Incentive a. What is an incentive strategy b. what are 3 advantages of the incetive strategy in business?Balanced Scorecard Maloney Corporation manufactures plastic water bottles. It plans to grow by producing high-quality water bottles at a low cost that are delivered in a timely manner. There are a number of other manufacturers who produce similar water bottles. Maloney believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy. Required: a. Please create a vision and mission for Maloneys that makes sense for them . b. Please identify, clearly and in your own words, what the Balanced Scorecard measures and its four perspectives . c. Please identify 3 key performance measure (applicable to Maloney Corporation), as well as their corresponding measures and targets, for each balanced scorecard perspective.Quality indicators of general management as a buisness function for pearly gates
- Mr. Herrera, general manager of XYZ Company with a workforce of 1,700 men is into manufacturing of jeeps. Jeeps are public utility vehicles and considered a local version of Hamer. During the first (5) years of operation, business is doing good. Soon after, local and foreign competition started penetrating the market and sales started to break-even. Mr. Herrera decided to go into aggressive promotions, product development and market expansion. Since Mr. Herrera does not believe in planning, all these activities were all done during the sixth year of operation. Sales started to pick up but did not reach the profit expectations of Mr. Herrera. 1.If you are Mr. Herrera, what are the things that you would do and why? 2.What would you say were the possible good things that planning will do to the jeep manufacturing business of Mr. Herrera?Mazen is a manager in a factory producing fabrics. In 2020, the daily production target was met in terms of quality and quantity. But, this target was achieved as a result of an increased number of workers and import of high quantities of cotton and piles of leftovers, meaning an extra inputs' costs. He decided to make negotiations with local industries to sell them cotton remnants to be recycled and re-used in pillow manufacturing. Mazen is following a new trend in managerial decision, as he plans to sell cotton remnants to local industries, he is setting priorities on: * Networking O Sustainability Human capital O Work- life balancepls answer thanks