The Key to a Successful Business Is Planning - 687 Words

Most new businesses show that they fail to work out in less than five years. There is a four out of five chance that the business will survive. Causes for this include poor planning, not being able to compete in a challenging market, or a lot of debt. Opening a business takes a lot of planning and patience. If you rush to open up a business without any financial planning, you could possibly fail. Studying microeconomics can help you in this situation. Before your studying and planning, you need to be aware that starting a business is not easy and there are going to be many things that come along with it. This can include writing out a business plan, strategy, and advertising. You should also figure out if you are going to have employees in your business, how many you will need, and the insurance that will be included. If you are opening a business that falls in the retail category, you may want to consider looking for vendors and suppliers which will really help in starting your retail business. Looking at where you are going to open your business is very important. Always inspect where your location to assure that is where you will want to open your business. Taking out a loan is the best route to take, but you also need to make sure you will be able to pay it back. This is a main reason why financial and business planning is really important. An important question to ask yourself is, â€Å"Will there be enough demand for what you are trying to sell and will you be able toShow MoreRelatedEnterprise Resource Planning ( Erp )1539 Words   |  7 PagesIntroduction Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information forRead MoreStrategic Planning : Key Component Of A Strategic Plan948 Words   |  4 PagesStrategic planning is vital to the success of a business. A key component of a strategic plan comes in the form of a thorough SWOT analysis. The financial gain of a company can be directly impacted by its strategic plan, and without strategic planning a business or company has no defined direction for the future. Strategic planning aids a business in laying out a direction and path for the business to follow in order to increase its chances of being successful and prosperous. According to the textbookRead MorePlanning For Long Term Success1014 Words   |  5 Pages2 Planning for Long-Term Success Planning for Long-Term Success Genia Moses Dr. Paul Frankenhauser Strayer University August 14, 2016 A successful business is like a road map covering all the highways and streets of the organization. The organization must be able to give a complete plan of the necessary task to keep the business moving from stage to stage. There are critical developing task to successfully grow in each stage of the business life term. An organization can start with a strong foundationRead MorePlanning For Long Term Success1009 Words   |  5 PagesPlanning for Long-Term Success Genia Moses Dr. Paul Frankenhauser Strayer University October 27, 2016 â€Æ' A successful business is like a road map covering all the highways and streets of the organization. The organization must be able to give a complete plan of the necessary task to keep the business moving from stage to stage. There are critical developing task to successfully grow in each stage of the business life term. An organization can start with a strong foundation by using some key componentsRead MorePlanning for Long-Term Success of a Business1051 Words   |  4 PagesPlanning for Long-Term Success For business enterprises and entrepreneurs, the first major challenge is usually that of developing and establishing a successful new venture. However, the ability of these entrepreneurs to establish a new venture is dependent on some basic necessary skills. These skills include the ability to identify a market need and the capability to develop a product and/or service that could satisfy the need. When the entrepreneurs successfully conduct these essential thingsRead MoreKeys to Success for Effective Project Planning Essay1098 Words   |  5 PagesKeys to Success for Effective Project Planning Abstract Business success can be accomplished many different ways. Generally the easiest and most cost effective way to accomplish change and success in an organization is via the bottom up approach. The reason for this is when an organization involves its workers in any change or improvements, the employees gain a sense of pride or a feeling of ownership. This reasoning stems from personal experiences and observations. In two thousand and threeRead MoreFunctional Areas of Business1107 Words   |  5 PagesFunctional Areas of Business Management MGT/521 Functional Areas of Business The functional areas of business are areas that allow the organization to operate, develop, and progress abiding by laws and regulations when implementing policies and procedures in the organization to all employees and management. There are 10 functional areas of business: Management, law, human resources management, leadership, accounting, finance, economics, research and statistics, operations managementRead MoreStrategic Planning Essay1092 Words   |  5 PagesBasics of Strategic Planning The objectives of strategic planning including understanding the benefits of strategic planning; understanding the products of strategic planning; and learning the keys to successful planning and implementation. Many organizations spend most of their time reacting to unexpected changes instead of anticipating and preparing for them. This is called crisis management. Organizations caught off guard may spend a great deal of time and energy playing catch up. TheyRead MoreSuccession Planning For The Nursing Leadership Essay1302 Words   |  6 Pagesstability. Succession planning is proactive and attempts to ensure the continuity of leadership by cultivating talent from within the organization through planned development activities. This report will present a succession planning process for the Nursing Leadership (NL) of Commonwealth Health Inc. First, the report will outline the succession plan objectives and the program approach. Next, it will highlight how to identify key leader positions that require preparation and planning. Then, the paperRead MoreOrganizations Performance1357 Words   |  6 Pagesperformance and how well they either are doing or how much improvement the organization ne eds to bring their performance up. â€Å"Organizations are constantly trying to adapt, survive, perform and influence† but that does not always mean they are successful at doing what they do (Evaluating the Performance of an Organization, 2012). One way that an organization can better their performance is by conducting an organizational assessment to diagnose their current performance to see what is working and

Essay on Restorative Action for Juvenile Justice Centers

Juvenile justice is the area of criminal law for a person not old enough to be held responsible for their criminal actions (â€Å"Juvenile Justice†). In most states this kind of categorization is determined by age, set at eighteen years old. In general, juvenile law is governed by state law and most states have an individual juvenile code set in place that contributes to the number of youth in detention centers today (â€Å"Juvenile Justice†). Despite the lowest youth crime rates in twenty years, according to Holman and Ziedenberg (2006), hundreds of thousands of juveniles are locked away each year. Detention centers are intended to provide temporary housing for youth who are described as having high risk of re-offence before trial or who are†¦show more content†¦On the other hand, youth in custody for minor crimes, that are not considered a risk to public safety, may be released to the custody of their parents or guardian, while awaiting court proceedings (â €Å"Detention Services†). Within twenty four hours of detainment, youth attend their court hearing where the judge decides whether or not they shall continue serving time in the detention center and if so, how long they will be detained (â€Å"Detention Services†). Generally there is a 21-day limit to secure detention, but those charged with serious offenses can be held up to 30 days (â€Å"Detention Services†). The amount of time detained depends upon the limit, differing state to state. Detention is the custody status for youth who are held following to a court order or after being taken into custody for violation of the law (â€Å"Detention Services†). Criteria for detention, according to the Florida Department of Juvenile Justice, include current offenses, prior history, legal status, and any aggravating or mitigating factors (â€Å"Detention Services†). While in the juvenile centers educational assessments and full-time services are provided to school age youth (â€Å"Detention Services†). These services are funded by the Department of Education through local school districts (â€Å"Detention Services†). Along with educational services; medical, substance abuse, and mental health services are alsoShow MoreRelatedRestorative Action for Juvenile Justice Centers Essay1940 Words   |  8 PagesMental Health With two-thirds of young people in detention centers meeting the criteria for having a mental disorder we can see that major changes need to be made (Holman Ziedenberg, 2006). According to Holman and Ziedenberg (2006), a little more than a third of these juveniles need continuous clinical care. This rate is twice as high as the adolescent populace not detained in juvenile centers (Holman Ziedenberg, 2006). So why is the occurrence of mental illness among the detained youth so highRead MoreJuvenile Justice System Is Not The Punishment Of The Criminals3535 Words   |  15 PagesRestore the Youth, Restore the Community A Collaborative Action Plan to Reduce Recidivism in Englewood LuGary Davis Urban Community Development- PPA 505 Professor James L. Miles Sr. March 17, 2015 Overview â€Å"The chief problem in any community cursed with crime is not the punishment of the criminals, but the preventing of the young from being trained to crime† (Du Bois, 1903). Though W.E.B. Du Bois wrote this quote well over a century ago, it still reflects the truth we hold today. This isRead MoreChild Justice Act : Child And Youth Care Centers Or Prisons929 Words   |  4 Pagesyouth care centers or prisons. The former provides support services for youth with varying needs such as children with substance abuse problems, children living in overcrowded homes and so on. This is as a temporary measure and is only advocated as a measure of last resort. In prisons, a child under the age of 14 is ineligible to serve a prison sentence and can only serve the minimum amount of time as deemed necessary by the judge; this is in stark contrast to the United States juvenile system whereRead MoreRestorative Justice and Youth Reoffending in the United Kindom950 Words   |  4 Pagescomm unity based system of justice which would include the Victim, offender and the community in crime resolution rather than Traditional justice system where retribution and reparation is the philosophy with, but with more emphasis on retribution. The operations of these non- governmental agencies are usually humanitarian and youth-centered with the aim of reducing crime and by attacking youth reoffending through a designed community program which include restorative justice. The objective of this reportRead MoreJuvenile Justice Systems833 Words   |  4 PagesIntroduction Juvenile crime is a term around the world that is difficult to pinpoint and although there are several definitions many fail to be concrete. There are many factors that play into sentencing juveniles or minors upon a crime committed. How old are they? Can they mentally form criminal intent? Are they old enough to no longer be treated as children? Some people would argue that a criminal is just that, regardless of age. Research on the other hand shows that juveniles have underdevelopedRead MoreRestorative Justice : The Juvenile Justice Perspective Essay2200 Words   |  9 PagesRestorative Justice: The Juvenile Justice Perspective Introduction The United Nations has said that human rights and juvenile justice should not counteract one another, and restorative justice is the best way to deal with children who behave outside of the law in a way that respects their rights as well as promotes societal justice (Odala, 2012). Restorative justice (RJ) involves many different concepts, but the primary goal is to restore the harm caused by the crime. RJ participants are not limitedRead MoreJuvenile Justice Capstone Proposal Essays608 Words   |  3 Pagesï » ¿Criminal Justice Capstone Project Proposal The juvenile justice system can be dated back to the late 18th and early 19th century. Youths were confined to jails with mentally ill and hardened criminals because there were no other alternatives for them. Many of these youths were in these institutions for non-violent offenses. During this same time, many American cities had to find a solution to the overwhelming rate of child neglect. Today, there is still much debate about the well-being of youthsRead MoreWriting A New Revised Op Ed Essay1081 Words   |  5 Pagespolicies impact our most vulnerable children as they enter right into the rushing current of the pipeline with no flotation device and cement shoes. Public school suspension and expulsion practices must be devoured and turned into fuel for Restorative Justice to rebuild trust and create a village. â€Å"We conclude that our nation cannot close the achievement gap if we ignore the discipline gap,†- civil rights project UCLA Students who drop out of school have more likely to have been suspended numerousRead MoreThe Prison Industrial Complex And The United States Essay2129 Words   |  9 Pagessystem. In my time as a criminal justice major I have taken a variety of classes on criminal justice, one of the most interesting for me (aside from this class) was restorative justice. In my restorative justice class I was introduced to the idea that the criminal justice system was taking the conflict away from the victim and the community and was focusing too much on punishment and not enough on rehabilitation. I understand that some people feel that restorative justice is too lenient, that by allowingRead MoreJuvenile Justice And Its Effects On Society1722 Words   |  7 PagesJuvenile justice is compared in chapter thirteen. In the nineteenth century, there was an increased number of children at risk and chronic poverty. This overall was a general concern because there was an increase of people in the â⠂¬Å"dangerous classes†. There was a child saving movement, in which the poor children represented a threat to the moral fabric of society. The nineteenth century was a time where they had a house of refuge. In this house of refuge, they had a society for the prevention of pauperism

One Simple Tip About This I Beloieve Essay Samples Explained

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Classical and Contemporary Theories of Management - Sample

Question: Discuss about theClassical and Contemporary Theories of Management. Answer: Introduction Management refers to the act of creating a corporate policy and controlling, organizing, planning, and coordinating the organizations resources so as to accomplish its short and long-term objectives. For every organization to succeed, it needs to have a strong team of management to assume the supervisory roles. At the same time, it should have resources like employees who require being properly managed (Frederickson Ghere 2013). This justifies why each organization applies appropriate management strategies and models that suit it. For a very long time, management theories have enabled the organizations to make important decisions. However, this has been subjected to changes in response to the dynamics of the society. This paper presets an analysis of the changes in the application of managerial theories. It discusses the use of classical and contemporary theories of management in the modern society. Reasons for the Little Change As much as it can be said that the 1960s CEO will hardly notice much changes in the modern day management, it is true that little change will be felt. This will be due to the application of the following new theories of management: Contingency Theory According to this theory, managers are free to make decisions based on the prevailing conditions. Meaning, a leader or manager is not always compelled to apply a specific strategy to address an issue. Instead the manager should be guided by the circumstances at hand. This theory advocates for the flexibility in decision making. A manager who makes decisions depending on the challenges faced is regarded as responsive dynamic. It is encouraged to consider the situation before making a conclusion since each circumstance is different has its own uniqueness (Pike 2013). So, if a leader becomes flexible, a leader can be able to come up with decisions aimed at enabling the organization to tackle all its challenges no matter how difficult they might be. There are many reasons why this theory is applied by the modern day managers. First, the theory is flexible and can give managers an opportunity to scan the organization, know about the nature and magnitude of the problem before coming up with a reasonable solution. At the same time, the theory can make it quite easier for the managers to consult and use theory critical thoughts to make a decision that will be relied on to turn the course of the organization. This justifies why it has been accepted as part of the contemporary management system. All these were not done in the past because the challenges faced were different from todays (Tweedie Holley 2016). The changes in the organizations have to be reflected in management strategies that suit the current society. Contingency is one of the contemporary theories that were not in use in the past. It can shock the CEO because he will realize that the modern day managers are more flexible than they used to be in the past. During the 1960s and before, managers could not just wait for situations to make their decisions. Instead, classical theories and models of management were always followed in the organization. Managers were therefore not expected to be so dynamic. No one would sit down and study the problem to make a decision in response to its uniqueness (Frederickson Ghere 2013). Whenever there was a need to make some decisions, the managers would have to apply the rules, strategies and models that were accepted at the time. This is a change that the CEO will notice with ease because he never did the same during his time. The CEO will learn that there are different kinds of contingencies upon which managerial decisions are made. These are technology, consumers, suppliers, government, competitors, trade unions, the public and other interest groups. So, by considering these varying contexts, the management gets to balance internal interest with that of the stakeholders who need to be catered for in any decision made. Contingency becomes a significant theory to be applied in meeting the goal because it can enable the management to acknowledge that there is no one best strategy to adopt to suit all the changing contexts (Shih, Young Bucher 2013). If each of these situations is treated as it is, the management can always make its decisions without unnecessarily inconveniencing the system, a practice that was not popular in the 1960s. Systems Theory One of the theories that the 1960 CEO will get to learn about is the systems theory. According to this model of management, the organization should be perceived as a sophisticated system with inputs, outputs and processes. For optimal results, each of these elements should be properly coordinated. For a proper management, the inputs which basically include human resources, technologies, capital and raw materials should be treated as an important aspect of the organization. The input can be of great contribution if a good process is put in place (Getz Page 2016). Meaning, there needs to be activities like planning, coordinating, organizing, staffing, controlling and motivating should be done as it ought to be. At the same time, the management needs to ensure that the output that entails quality production is guaranteed. This is the only way through which the clients diverse needs can be met. The application of this theory will be a shocker for the CEO because of the significance it puts on the organization as an entire system. In the past, managers did not need to treat the organization as such (Tweedie Holley 2016). However, with the application of this theory, the management has to treat the organization as one whole system whose success depends on a proper manner in which the inputs, outputs, and processes are managed. It is for this reason that the modern day managers are focused on the inputs, an activity done to satisfy the inputs. Having recognized the significant contributions of the employees, the modern managers have resorted to motivation strategies to suit each of them. Meanwhile, to properly utilize resources, the managers make important decisions to plan, organize and coordinate all the activities so as to expend the available resources without any wastage. Furthermore, to complete the system, the management has to be concerned about its clientele (Miner 2015). As the buyers of the products, the clients needs must be satisfied at all times. Hence, the management makes important decisions to deliver quality produce, make it accessible to all the customers and make the necessary efforts to seek for their feedback whenever necessary. Actually, the systems theory has revolutionized management because it has introduced new practices that were not done in the 1960s. Therefore, by encountering this theory, the CEO will contend with the changes in the contemporary managerial system and get to experience what ha d never practiced during his time. Why the CEO will Notice Little Change When the CEO who served in the 1960s gets an opportunity to interact with the contemporary managers, he will notice many changes. This is due to the fact that there are new practices that have been introduced into the management of organizations. At the same time, the CEO will get to realize that certain practices have not changed since the modern managers have upheld certain aspects of classical management. Some of the classical theories still in use today are discussed herein: Bureaucratic Theory of Management When the CEO gets to interact with the current managers, he will realize that the concepts of organizational hierarchy, specialization, and strong lines of authority have not changed. This simply implies that the modern managers, just like their past counterparts, still apply the principles of the theory of bureaucracy. As clearly outlined by Marx Weber, bureaucracy is one of the significant aspects of organization. In order to improve efficiency in production, the organization needs to be structured into hierarchies (Adler 2012). In the hierarchy, there should be different levels of management made up of top managers, middle managers, junior managers and the subordinates. Besides, the organization should be sub-divided into departments each of which having its own respective heads. At the same time, the organization should instill the spirit of specialization by encouraging each employee to concentrate in their respective areas of interest. Upon a thorough analysis of the situation, the CEO will realize that these aspects of bureaucracy have not changed. Just like in the 1960s, modern day organizations are structured into hierarchies. At the very top of the structure is the Board of Directors, followed by the executive management, junior management and the support staff. Each of these areas is handled by specialists whose promotion is based on experience and qualification (Chen Wang 2014). Meanwhile, the organization is segmented into different departments such as Human Resource Management, production, sales, marketing, and many others depending on the nature of the organization. For quality service delivery, each of these departments has a distinct boundary upon which they operate. All these still remain the same way they used to be done before the 1960s when the CEO was still active. Motivation Theories of Management There are different theories that have been applied in the management of employees. Some of the most prominent theories of motivation are Abraham Maslows Need Theory and Douglas McGregors theory X and Y. According to Abraham Maslow, human beings have needs that are arranged in a pyramid right from the most basic to the most luxurious. These include physiological, safety, belonging, esteem and self actualization. Everyone should satisfy these needs beginning with the most basic up to the most luxurious (Jerome 2013). On the other hand, theory X and Y states that human motivation is determined by incentives (motivators) and demotivators. These theories played a very significant role in the management of human resources. At all times, the managers had to properly apply these theories to boost the morale of the workers. Indeed, the CEO realized that there are many aspects f employee management that have not changed up to the present times. Just like in the past, contemporary manages acknowledge that employees are the most valuable assets for an organization. Without workers, no objective can be accomplished because it is through their efforts that the tasks are performed. It is for this reason that the management takes all the necessary measures to identify the employees needs and satisfy them appropriately (Kim, Lee, Chun Benbasat 2014). Since these theories are still in use, the contemporary managers apply the principles of rewards, punishment, democracy, incentives, strict supervision. There is no organization that does not, in one way or the other, motivate its employees. Otherwise, it can experience a high rate of turnover that can negatively impact on its productivity and prosperity. These aspects of motivation are still applicable n the modern society because they have a lot of benefits. First, the strategies are necessary for helping the employees to feel recognized, respected and appreciated because of the imminent contributions they make to the organization. In addition, motivation is good because it can enable the organization to enhance the productivity of employees and minimize the chances of turnover (Getz Page 2016). This can, in the long run, enable the organization to meet its short and long-term goals. Such benefits have made motivation theories to remain in use right from the classical to the present times. It is why the CEO thought that nothing much has changed since he retired from his managerial position many decades ago. Conclusion The experiences of the CEO clearly prove that change is an inevitable reality in the society. The fact that the CEO noticed changes in the organization shows that management strategies and models have been changing over the years. This is why the CEO observed that modern organizations make decisions based on the context and systems, thanks to the application of the contingency and systems theories of management. Nevertheless, the practice of specialization, departmentalization, democratization of decision-making, and employee motivation shows that the classical motivation and bureaucracy theories are still applied in management. Thus, the CEO noticed little change. References Adler, P.S., 2012, Perspectivethe sociological ambivalence of bureaucracy: from Weber via Gouldner to Marx. Organization Science, 23(1), pp.244-266. Chen, R. Wang, H.M., 2014, Research on organization structure and operation efficiency of extreme floods emergency management under bureaucracy-cooperation system: Taking Huaihe River Basin as a case. In 2014 International Conference on Management Science Engineering 21th Annual Conference Proceedings (pp. 2095-2101). IEEE. Frederickson, H.G. Ghere, R.K., 2013, Ethics in public management, ME Sharpe: New York. Getz, D. Page, S.J., 2016, Event studies: Theory, research and policy for planned events, Routledge: London. Jerome, N., 2013, Application of the Maslows hierarchy of need theory; impacts and implications on organizational culture, human resource and employees performance. International Journal of Business and Management Invention, 2(3), pp.39-45. Kim, T.H., Lee, J.N., Chun, J.U. Benbasat, I., 2014, Understanding the effect of knowledge management strategies on knowledge management performance: A contingency perspective. Information management, 51(4), pp.398-416. Miner, J.B., 2015, Organizational behavior 1: Essential theories of motivation and leadership, Routledge: London. Pike, S.D., 2013, Destination Marketing and ManagementTheories and Applications. Tourism Management, 34, pp.247-248. Shih, M., Young, M.J. Bucher, A., 2013, Working to reduce the effects of discrimination: Identity management strategies in organizations. American Psychologist, 68(3), p.145. Tweedie, D. Holley, S., 2016, The subversive craft worker: Challenging disutilitytheories of management control. Human Relations, p.0018726716628971.