Horizon S/A: Resolving Production & Distribution Challenges
Horizon S/A: A Case Study in Operational Planning
Marcelo Pereira’s Core Concern at Horizon S/A
What is the primary concern of Marcelo Pereira, Sales and Distribution Manager at Horizon S/A?
Non-compliance with requests for distribution services for regions under his responsibility.
Why Affiliates Didn’t Receive Requested Amounts
Marcelo Pereira, needing to understand why affiliates did not receive the requested amounts from the plant, receives the following information from the plant manager:
The main
Read MoreEssential Management Principles for Organizational Success
Effective Decision Making: Meaning, Types, Process, and Risk Reduction
Decision making is the process of selecting the best course of action from multiple alternatives to achieve desired objectives. It is a core managerial function that influences all other functions such as planning, organizing, and controlling.
Types of Decision Making
- Programmed Decisions: Routine and repetitive, based on established guidelines or procedures. Example: Reordering office supplies when stock is low.
- Non-Programmed Decisions:
Essential Management Foundations: Concepts & Practices
Fundamentals of Management
Defining Management and Its Core Functions
Management is the process of planning, organizing, leading, and controlling organizational activities to achieve desired goals efficiently and effectively.
Functions of Management:
- Planning – Setting goals and determining how to achieve them.
- Organizing – Arranging resources and tasks to achieve objectives.
- Leading – Motivating and directing employees to work effectively.
- Controlling – Monitoring progress and taking corrective
Key Concepts for Business Growth & Innovation in India
Small Industries Development Bank of India (SIDBI) Scope
The Small Industries Development Bank of India (SIDBI) has a broad scope that encompasses promoting, financing, and developing the Micro, Small, and Medium Enterprises (MSME) sector in India. Key aspects of SIDBI’s scope include:
- Financial Assistance: Providing loans, equity, and other financial instruments to MSMEs for various purposes, such as working capital, expansion, modernization, and technology upgradation.
- Direct and Indirect Financing:
Neoclassical Economics Principles and Walrasian Equilibrium
Neoclassical Economics
Neoclassical Economics is a school of economic thought that emerged in the late 19th century, emphasizing the role of individual preferences, markets, and prices in determining economic outcomes.
Main Features
- Methodological Individualism: Neoclassical Economics focuses on individual behavior and decision-making, assuming that individuals act rationally to maximize their utility or profits.
- Market Equilibrium: Neoclassical Economics emphasizes the concept of market equilibrium,
Effective Management Control Systems & Delegation Strategies
Delegation of authority is a matter of degree. A subunit manager may take decisions:
- Completely autonomously.
- Following general instructions from upper management.
- Informing upper management afterwards.
- Consulting upper management prior.
- After obtaining explicit authorization from upper management.
- Never, only executing orders from upper management.
Causes of Management Control Problems
Lack of Direction
Some employees perform inadequately simply because they do not know what the organization wants from
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