Thursday, February 20, 2020

Four functions of management case study Example | Topics and Well Written Essays - 1000 words - 1

Four functions of management - Case Study Example The management skills, which accrue to a business’s success that you did not put into consideration, include controlling, planning, organizing, and directing skills that accrue to a successful business. According to your business statistics, you employed Lisa and entrusted her with all the business operations. Irrespective of you two being friends for a long time, you should not have trusted her with all the directive orders. She would report to work, wash the office and tidy up then start her daily chores. This was a lot for her and what she had not expected. She had to check all the tax forms and serve all the customers. For a business to be successful and achieve the goals and objectives, it should ensure a proper channel of communication between the workers (Richman 2012). Lisa had confidence that she was doing the right thing even after adding the three new employees. You should have controlled all of them since you are the senior manager. You should have given your orders to the employees in case of any changes, which should have been directly, or indirectly through According to Directive Path Theory, a business leader should give freedom to his/his employees for them to realize their job expectations. In reference to the theory, your management should do a follow up on employees’ tasks to ensure that they achieve the required job standards and set goals. Remarkably, members of the management are required to involve the subordinate staff in the process of making strategic decisions. You should have involved your employees in decision-making processes that would have helped produce effective workplace union. Employees can also motivated by awarding them accordingly after excellent progress in their work. Awards can be through issuing of presents and souvenir just as you did in your case. Additionally, you did not put your supervisions skills into consideration hence led to your employees taking advantage of the situation. As for Lisa’s

Tuesday, February 4, 2020

E-Commerce and Edmunds.com Essay Example | Topics and Well Written Essays - 1250 words

E-Commerce and Edmunds.com - Essay Example "All too often, many of us go to the dealer with the idea that we'll get the best deal for our money, only to be tricked and manipulated into paying more or buying a model that we don't want. In tact, African Americans consistently overpay--an average of $315 more than other car purchasers--according to a study done of 750,000 actual purchases in 1999 and early 2000 by the National Bureau of Economic Research" (Jackson, Car Buying 101: Buying a New Car in a Few Simple Steps, 2004: 195). The above mentioned statement automatically shows the importance of a website that provides a service through which a customer would buy a car that he/she wants and that with the terms decided, and there when the importance of Edmunds.com is identified, Edmunds.com includes all the data on the new and used cars, from features to the prices of cars, from test drive videos to the tips to maintain such cars, almost every thing appears on the website, including the ways through which "you" can become car's owner, it includes ownership plans, the leasing and all useful material. Few good features of the company include the information through the wireless edmunds.com, the site know as Edmunds2Go!, which is accesible through the PDAs and internet enabled cell phones, another benefit the visitors get is that the company circulates free email newsletters to its voluntary subscribers, another most thrilling feature that is used by the edmunds.com in the most impressive way is its true market value pricing tools, actually launched in the year 2000, "The Edmunds.com True Market Value New Vehicle Calculator provides the estimated average price consumers are currently paying when buying new vehicles. The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties" ( from Wikipedia, free encyclopedia). So it is the best what company can provide with in its limit to the visitors, the best outcome of launching such tool is that, people from all around the world now log in to find the actual prices of cars all around the world, it is perhaps the best service an automotive website can provide, it is considered to be the most innovative idea by the web operators to bring such a change in the website, the other such online services and tools include TMV new vehicle calculator which estimates the price that the buyers are paying to the dealer for the ownership of new vehicles, TMV finance rate estimator which gives the idea of how much of loan can be obtained and what is in relation to it and the ownership of car, Edmunds.com has another feature added recently which shows how much it would cost if the buyer would buy a car in full terms ownership, it is known as True Cost to Own SM data. The company has offered services not only