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Retail management chapter 1
Various retail approaches in retail managements
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Recommended: Retail management chapter 1
Management
Trever Thomas
Stone High School
Mrs. Michelle Everett
Management
I. Introduction (Thesis Statement: Management is a necessary career. Which helps lessen the stress of owning a business by having managers help maintain the smaller and more local stores.)
II. Career Description
A. Management is the organizational process that includes strategic planning, setting objectives, managing resources, deploying the human and financial assets needed to achieve objectives and measuring results.
B. Managing a business is a continuous process that is universal in nature, and is a group activity between the manager and co-workers
C. Management is looking to see an increase by twelve percent in the next ten years
III. Vocational
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Managers are expected to grow twelve percent from 2012 to 2022 which is about as fast as average for all occupations
B. In Mississippi is is estimated that one million new management jobs will be created each year to 2016.
V. Benefits and Advantages
A. In Mississippi average salary is $42,214.00
B. Petition plans and stock investments
C. General liability insurance
1. Cover legal hassles due to accident, injures, and negligence.
2. Help insure employee safety from many areas in the management field.
D. Paid vacations (no minimum average work week required)
VI. Disadvantages and drawback
A. Long hours (37-40 hours per week per week)
B. Mentally and physically stressful
VII. In conclusion, Management is a very sought after job with a good average pay. Even though Retail Management has long hours and is stressful it is still a widely sought acquired job. Management will always be part of the economy, so it is important for everyday life.
VIII. Kristy Foster
Trever Thomas
March 3, 2015
3rd period
Senior Research paper
Retail Manager What is management? Management is the organizational process that includes strategic planning, setting objectives, managing resources, deploying the human and finical assets needed to achieve objectives and measuring results. Management is a necessary career. Management helps lessen the stress of owning a business by giving managers certain rights in the
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Their main job is to run a store successfully. On the floor, they are in con-stant contact with customers and staff. Their typical responsibilities in-clude recruiting, training, supervising and appraising staff. A managers other duties include managing budgets, and maintain statistical and fi-nancial record planning. Also they promote and market the business, deal with customer queries and complaints. All while overseeing pricing and stock control, maximizing profitability, ensuring compliance with health and safety, and preparing promotional materials and displays. A manager does all these things on a daily basis. On average managers work mostly nights and weekends. (bls.gov, Targetjobs.com) On average most managers start at entry level and work their way up with only a high school diploma. If I wanted to go to College, most colleges offer marketing and business courses. Walden University offers a full business program for four and a half years. The major courses are accounting, business law, and operations and management. Their average tuition is four thousand five hundred per semester. (Kristy Foster,
From the employees’ perspective; they are managed someone with experience in their same specialty who can effectively understand and review their work. Furthermore, they can move up within organization, which gives a reason for them to be loyal to the job. They also have the opportunity to work with others in their field, which allows for knowledge sharing and learning new skills. From the managers’ perspectives; this would make their jobs easier and makes them able to supervise the individual’s performance of their team members to distribute recognition, rewards and punishments accordingly. This has created an environment that hugely corresponds with Target’s core strategy, differentiation. Many of the shoppers have expressed their satisfaction with the services that provided by Target and more specifically with how friendly the staff
Management is the basis of how any given organization operates and how each activity preformed is organized that makes each day possible and profitable for the overall good of the company. Power and responsibility levels are ranked amongst each individuals own skill set, education, and experience level in an organization. Management has many levels depending on each individual company and its size. This can consist of several people answering to one main head of operations, or thousands upon thousands answering to several different tiers of management (Bauer & Erdogan, 2012).
However, there were positions that offered less in terms of compensation due to experience and /or the stipulated roles and responsibilities asked to perform by the worker. For instance, the median salary for an Operations Manager is $88,345. The median salary for a Logistics Manager is $93,678.
-Management is responsible for organizing the elements of productive enterprise which are material, money, and people interested in economic.
middle of paper ... ...in keeping the wheels of the business. The maintenances of the company equipments etc. They also acts as a help support of the company, this means if there is any enquiry by the customers, the customers will ring the helpdesk support and complain about the products or any information that the customers need will be provided by the this department. About the complains, these complains will be transfer to the research and development department to make the product better or to fix the problem the consumer having.
With retail being an artery in the body of the United States economy ( over three million retail stores nationwide) everyone has either worked in it or shopped at a location and has an opinion on it. There are over 40 million retail jobs so the managers have an important and difficult job to keep everything intact and running smoothly.
Management is the planning, organizing, leading, and controlling of human and other resources to achieve organizational goals efficiently and effectively. An organization’s resources include assets such as people and their skills, know-how and experience; machinery; raw materials; computers and information technology; and patents, financial capital and loyal customers and employees (Bethel 2006).
A manager plays a pivotal role in steering the success and failure of the organization. As a budding manager, I wanted to get an insight about the daily activities of a manager and learn about their ‘typical day’. Therefore, an interview was scheduled, where the manager shared her views and gave invaluable advice on becoming an effective manager. This helped me in integrating the management concepts taught in the class and its implications in the real world.
In Canada, the retail sector makes up the highest proportion of the work force at 11.5% or approximately 1.9 million workers. With this many employees, someone is needed to oversee them, this is where the managers come in. Although one might not consider this to be a glamorous position, managers are essential to keep a business running smoothly. I intend to uncover some of the details of what a manager does and how they operate on a daily basis.
"In everyday language usage, management refers to the people in organizations who manage, and to the activities they perform." (Fulop, Frith, Hayward 1992 p. 187) To be more specific, management is the process of organizing work activities with and through people to ensure the activities are completed efficiently and effectively (Robbins, Bergman, Stagg, Coulter 2006, p. 9). Through management, the goals of the organization or business are to be achieved. Henri Fayol, one of the most influential contributors to modern concepts of management, proposed that there are five primary functions for management, which consist of planning, organizing, commanding, coordinating and controlling. Nonetheless, the functions of commanding and coordinating have metamorphosed into leading (Crainer 2003).
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.
The most important word of advice on how to manage a job in retail is to take care of yourself first. In order to succeed at your job, it is vital to maintain a healthy lifestyle. Retail work requires employees to be on their feet for long hours. It is necessary to stay hydrated and wear comfortable shoes during a rigorous shift. It is also essential to always take your breaks, no matter how busy the floor is. Working in retail can be hectic. You are constantly interacting with others. Breaks allow not only time for yourself but also time to unwind from stressful situations.
In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning.
Management is the procedure of organizing, motivating, controlling, planning and directing resources in order to achieve the objectives of the company. Management was used even before individuals knew what management was. To prove this, management was used in the making of the Taj Mahal in Agra,India. How? To make the Taj Mahal, Emperor Shah Jahan had to organise, motivate, control, direct and plan his resources accordingly to build the magnificent Taj Mahal. Organising, he organised his workers in different departments from making the bricks to the interior design. Motivating, Shah Jahan motivated his workers to do his work by letting them live. Controlling, he controlled his worker to do what he wants and how he wants
...job to earn, you should be able to manage the following through your management skills: