Ask Basic Finance Expert

Instructions :
•Use Microsoft word 2010 in formulating your answers.
•Write the answers in your language and avoid copying from the internet.

Answer the following questions:
1. What is management? Define it using your own words. What do managers do, discuss each briefly,
(a) Functions managers perform

(b) roles managers play

(c) skills managers Need.

2. What is an organization? Discuss the common characteristics of an organization. Why do we study management?

3. Define the term "organizational structure". List three features of a tall organizational structure. Briefly explain what is meant by the organizational hierarchy?

4. Darren is the manager of a branch of a well-known tool hire firm

• Anna is the assistant manager and she reports to Darren

• Anna delegates to the department managers - Jane, Tom and Omar

• Felicity, Matt and Ryan all report to Jane

• Rachel, Sally and Pete are accountable to Tom

• Omar is responsible for Jon, Mark, Sam and James Draw the organization chart for the tool hire firm.

(a) Who has the largest span of control and how big is it?

(b) How many layers are in this hierarchy?

(c) Who does Tom delegate to?

(d) Would you consider this to be a tall or flat structure?

(e) Why?

5. Read the scenario below and then write a report to the management of Webster's Water explaining the issues relating to organizational structure, making recommendations about how the organizational structure can be adapted to improve performance and competitiveness.

(a) Identify the problems with the current organization structure.

(b) Review the Specsavers case study to identify if any methods used in that organization may be adopted.

(c) Make any other suggestions about the organization structure that you think will improve the performance of the organization.

(d) Explain how your recommendations will improve performance.

Scenario:
Webster's Water is an organization that provides water coolers to businesses. It rents the equipment for a nominal fee to its customers who then enter into an agreement with the company for the replacement water bottles. Head Office is in Sheffield; however there are eleven regional offices around the UK. Each office has a manager, an assistant manager, an administration assistant, a sales team and a large number of delivery staff who takes the full water bottles to the organizations and collect the empties. There is a team leader in the sales team and a team leader for the delivery staff. Most decisions about promotional activities, recruitment and general operations are made by the senior managers at head office. Head office is also responsible for the procurement of the cooler equipment and water supplies. Buying in bulk allows them to benefit from economies of scale.

A recent worker satisfaction survey has uncovered that some staff are feeling demotivated,especially the delivery drivers and those in the sales team, although three of the managers also said they felt that they were not allowed enough responsibility. The main concern with the delivery staff was that they were overworked during the summer months because their customers were drinking more water and therefore needed it replenishing more often.

However, they were often ‘twiddling their thumbs' during the winter. Sometimes during the summer months there have been complaints from customers that their water deliveries were late.

In addition to this, the sales staff and delivery drivers feel very remote from the managers at head office. They have lots of ideas about how to improve the way the organization runs but don't think their suggestions ever reach the managers at head office who make the decisions. Senior managers are concerned about the findings from the worker satisfaction survey as they hadn't realized there were any problems and were expecting more positive feedback from their employees.

They have asked you to look into the matter for them.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92071054

Have any Question?


Related Questions in Basic Finance

Question utilizing the concepts learned throughout the

Question: Utilizing the concepts learned throughout the course, write a Final Paper on one of the following scenarios: • Option One: You are a consultant with 10 years experience in the health care insurance industry. A ...

Discussion your initial discussion thread is due on day 3

Discussion: Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your r ...

Question financial ratios analysis and comparison

Question: Financial Ratios Analysis and Comparison Paper Prior to completing this assignment, review Chapter 10 and 12 in your course text. You are a mid-level manager in a health care organization and you have been aske ...

Grant technologies needs 300000 to pay its supplier grants

Grant Technologies needs $300,000 to pay its supplier. Grant's bank is offering a 210-day simple interest loan with a quoted interest rate of 11 percent and a 20 percent compensating balance requirement. Assuming there a ...

Franks is looking at a new sausage system with an installed

Franks is looking at a new sausage system with an installed cost of $375,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped ...

Market-value ratios garret industries has a priceearnings

(?Market-value ratios?) Garret Industries has a? price/earnings ratio of 19.46X a. If? Garret's earnings per share is ?$1.65?, what is the price per share of? Garret's stock? b. Using the price per share you found in par ...

You are planning to make annual deposits of 4440 into a

You are planning to make annual deposits of $4,440 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 32 years?  (Do not round intermediate calculations a ...

One year ago you bought a put option on 125000 euros with

One year ago, you bought a put option on 125,000 euros with an expiration date of one year. You paid a premium on the put option of $.05 per unit. The exercise price was $1.36. Assume that one year ago, the spot rate of ...

Common stock versus warrant investment tom baldwin can

Common stock versus warrant investment Tom Baldwin can invest $6,300 in the common stock or the warrants of Lexington Life Insurance. The common stock is currently selling for $30 per share. Its warrants, which provide f ...

Call optionnbspcarol krebs is considering buying 100 shares

Call option  Carol Krebs is considering buying 100 shares of Sooner Products, Inc., at $62 per share. Because she has read that the firm will probably soon receive certain large orders from abroad, she expects the price ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As