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1) Do you believe that most organizations focus on creating customer value? Explain. Customer value is defined as "the perceived benefit of a product, used by customers to determine whether or not to buy the product" (Lussier, 2006). I do believe that most customer's focus on creating customer value. It is an aspect needed in order to sell anything. A customer would not buy something if she or he did not see the benefit in buying it, therefore, organizations strive to create customer value because they need the customer to see a benefit and to buy the product. 2) Do you think that all organizations should use TQM? Explain your answer. TQM, or total quality management, is defined as "the process that involves everyone in an organization focusing on the customer to continually improve value". I do believe that all organizations should use TQM. It results in better quality products that result in better value, and these are the two aspects, in which customers look at in order to know if they want to buy the product. As long as organizations use TQM, they will always have products that customers are willing to buy. 3) …show more content…
Which of these internal factors are ends, and which are means? The relationship between management, mission, resources, the system process and structure is that they all make up the Internal Environment of an organization and they "affect its [the organizations] performance from within its boundaries". They are all internal factors because they are all things that the organization can control, opposed to external factors, such as economic conditions and population. The factors which are ends are mission, management, and structure, where as the means are system's process and
Technology has had a huge impact on modern day society. So many things we take for granted and do not even seem to notice. Now, a day is a miracle that has only served to improve our world as a whole. Air travel, modern medicine, global communication, and agricultural technology are just a few things that have had huge everlasting effects on humans.
I now apply technology to many different aspects of my life including academics, personal, and recreational. I am now able to choose wisely between different types of technology and am able to distinguish between the different options that I have. I also have a much better understanding of the wide variety of programs that are accessible to me and I am able to use them with a basic understanding of how they work.
Total Quality Management is a management philosophy driven by customer needs and expectations. TQM focuses on quality and builds a management method based on full employee involvement. Its aim is to achieve long-term successful management through long-term customer
However, some influential management authors believe that the classical management functions need to be update. Williams (2005, p. 7) updated the management functions and came out with four functions: making things happen; meeting the competition; organizing people, projects and process; and leading. To make things happen, it is essential to determine goals, planning ways to attain the goals, gathering and managing needed information to make superior decisions and also controlling performance to enable corrective action to take place if performance worsens. This function actually combined Fayol’s idea of planning and controlling. The thought of determining things to accomplish and developing plans to achieve goals is similar to function of planning suggested by Fayol, which is to define goals, establish strategy and develop plans to implement the strategy in order to reach the goals. Besides, Williams mentioned about controlling performance and corrective action, which is corresponding to Fayol’s classical management functions of controlling. Controlling, according to Fayol, involves observing organization performance and take action if necessary to ensure that goals are to be achieved. Nevertheless, the action of gathering and managing needed information to enable good decisions to be made is not stated in classical management functions. Based on the updated functions, organizing people, projects and processes included consideration of people issues and work processes. At the same time, Fayol mentioned organizing, which is the management process of determining best way to arrange organization’s resources and activities. They actually have the same meaning where both are about locating organization’s resources, which are the employees and also the work processes or activities. The Learning Company, a company that develops and markets games and software, was purchased by toy company Mattel. It was experiencing loss after three years of the purchase because each department in the company works independently and do not share resources.
The type of management system chosen also depends on and must be suited to the external environment to allow them to be successful. A...
There are four different functions of management. In this paper, I will define these functions; planning, organizing, leading and controlling. I will also explain how each of these functions relates to my own organization. Bateman and Snell (2004) define management as the process of working with people and resources to accomplish organizational goals. By utilizing the four different functions of management companies can work with their employees and other resources to reach the organizations goals.
Technology has improved our way of living. Due to many advances of technology most Americans will not be able to live without it. The most impactful revolution that has occurred to the social life of a regular American is the Digital Revolution. The revolution brought new ways to communicate. With Social Media Americans can now connect to friends and family members across the world with ease. Many mediums of communication have been born out of the Digital Revolution.
Technology enhances my life in many brilliant ways. One of the ways that I can mention is the way I can communicate with my friends and family in all four corners of the world. Even though according to Albert Einstein, it is appallingly obvious that technology has exceeded our humanity,but everything in this universe has its pros and cons,and so does technology.
Shaw, E. (1997), “The real networks of small firms”, in Deakins, D., Jennings, P. and Mason, C, (Eds), Small Firms: Entrepreneurship in the Nineties, Paul Chapman Publishing, London.
I understand the term customer value to define how customers weigh the benefits of individual purchasing decision against the costs of these products.
Total Quality Management (TQM) is the art of managing the whole to achieve excellence. It is a continuous effort of management along with the employees of an organization to improve the quality of products and services. It holds the belief that all employees should collaborate with each other to produce high quality products and services in order to meet customers' demands and satisfaction. Everyone within an organization plays an essential role in achieving overall customer satisfaction. A successful business should provide high quality products and services to the customers. It can be achieve by focusing on continuous improvements in every aspect of an organization (e.g. processes, systems, people, suppliers, partners, products
A management strategy aimed at embedding awareness or quality in all organizational processes. TQM has been widely used in manufacturing, education, government and service industries, as well as NASA space and science programs. Total Quality provides an umbrella under which everyone in the organization can strive and create customer satisfaction. Total Quality is a people focused management system that aims at continual increase in customer satisfaction at continually lower real costs (2006).
The rise of technology came with a spark that would mark the creation of things that would make our lives simpler. These new ideas, or inventions as they were called, would shape our lives by making the tasks that we struggle with a possibility. Technology has its ups and downs, but overall it truly helps us for the better. Although many people may not agree that the tape recorder is one of the most important, I believe that is has had one of the most impacts on our society.
Technology has changed modern society drastically, both positively and negatively. Technology has influenced every aspect of our life, making it simpler but not necessarily better. Albert Einstein was concerned about the advancement of technology. "I fear the day that technology will surpass our human interaction."1 Undoubtedly, what has changed the most are communication, the spread of information, and how business is practiced. Consequently, practically everyone knows how to use a computer, connect to the Internet, or use a smartphone. This is demonstrated by the way the Internet is used daily by millions of people to communicate, to sell, advertise, retrieve, and share information. Thanks to the Internet, information from anywhere in the world is at our fingertips. As a result, the advancement of technology has changed our life in many ways including; sharing of information, communication, business, education, social interaction, simplifying everyday tasks, replacing basic skills and jobs.
Another big change that computers have made in our everyday lives is that with the internet we can now access information about just about anything, at any time, and we can do this from the comfort of our own home. Credit cards can be used to do on-line shopping at virtually any store. E-mail has changed the way that people communicate, it is usually free of charge and mail is sent and received in minutes. Devices such as video phones and web-cams make video conferencing possible. This allows people to see who they are talking to in “real-time” even if they are on opposite ends of the map.