https://padlet.com/s3721103/kimvz8b81635meve By Allison Flannery en-us 2021-08-21 14:50:04 UTC 2024-05-31 15:39:36 UTC hello@padlet.com https://padlet.net/icons/png/1f338.png s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689007959 Learning the different levels of management teams reminded me of the food chain! Of course there is no hunting involved in the actual management world like in wildlife, but without the top tier levels of management, the rest of the ecosystem (business) would not function correctly.]]> 2021-08-21 14:59:02 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689007959 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689010463 In Module 1, we learned the basics of why management is so important to a business. Without managers, there would be no order, organization, coordination or control. Without these qualities, a business would be destined to fail. 
Feedough.com explains:
Management is important for every business as it can make or break it. Good management can give the business a boost and take it ahead in the competition. Management skills are required in every industry and every walk of life. So, it is very important to know what role management plays and how great an impact it can have on business.
https://www.feedough.com/importance-of-management-in-business/

]]> 2021-08-21 15:04:12 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689010463 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689012855 In module 2 we learned about the importance of ethics and corporate social responsibility within a business. Business ethics is ethics as it relates to the conduct or behavior of the members of a business organization. The need for ethics in business is much needed. Without it, a business will suffer from lack of customer loyalty, revenue loss, and much more.]]> 2021-08-21 15:08:37 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689012855 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689020234 It is detrimental to a business to go by the rules and obey the law. The weight of corporate social responsibility can seem very heavy, but to be successful, corporations must do their best to play their part in helping society instead of harming it.
Ethicssage.com does a great job of explaining the different social responsibilities within corporate. 
Relationships with employees, customers, suppliers, creditors, etc. create contractual obligations. Legal obligations also exist to avoid negligence, fraud, and other liabilities under tort law. Economists point out that business has a social responsibility to produce the goods and services required for society to function.
https://www.ethicssage.com/2018/01/what-are-corporate-social-responsibilities.html]]> 2021-08-21 15:14:02 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689020234 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689024332 In module 3 we learned the importance of good management within global organizations. Globalization is the process by which the exchange of goods, services, capital, technology, and knowledge across international borders. This makes it easier to thrive within a business as long as you approach the opportunity with careful managment.]]> 2021-08-21 15:21:40 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689024332 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689026947 International business is very important to the global economy. It is understandable that not every business can participate in the global scale, which is why it is important that local businesses are supported from the community.
Kaylan City Life explains points of International Business that are detrimental to success:
-Earn foreign exchange
-Optimum utilization of resources
-Achieve its objectives
-To spread business risks
-Improve organization's efficiency
-Get benefits from Government
-Expand and diversify
-Increase competitive capacity
https://kalyan-city.blogspot.com/2011/09/importance-of-international-business.html]]> 2021-08-21 15:27:12 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689026947 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689029188 Module 4 taught us the importance of planning within a business. It is a manager's responsibility to plan accordingly to achieve success and avoid failure. A good manager can predict failure before it happens and lead in a way to avoid it. Planning provides a guide for action, improves resource utilization, provides motivation and commitment, sets performance standards, and allows flexibility within a business.]]> 2021-08-21 15:31:59 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689029188 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689031809 There are different types of planning strategies, but one I resonated with was the SWOT Analysis. I think this strategy is a great way to stay organized within a business and identify your strengths and weaknesses.
RingCentral explains 10 reasons why planning in management is important:
1. It Helps to Set the Right Goals
2. It Sets Objectives and Standards for Controlling
3. It Reduces Uncertainty
4. It Eliminates Overlapping of Wasteful Activities
5. It Ensures Efficient use of Resources
6. It Promotes Innovation
7. It Improves Decision Making
8. It Boosts Motivation and Team Spirit
9. It Helps to Earn Credibility and Trust of Stakeholders
10. It Gives a Competitive Edge and Allows Strategic Positioning 
https://www.ringcentral.co.uk/gb/en/blog/planning-in-management/


]]> 2021-08-21 15:37:44 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689031809 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689033772 Module 5 taught me the importance of organization within a business and management. There are four key elements within a successful organizational structure: common purpose, coordinated effort, division of labor, and hierarchy of authority. Organizational culture is also very important, as a strong culture leads to more success within a company.]]> 2021-08-21 15:41:54 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689033772 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689035541 Organizational management is the process of leading a company and effectively using its assets and resources to achieve success. Smallbusiness.com does a great job of boiling down the benefits of this type of management, explaining: The goal of organizational management is to use the various levels of company leadership in the leadership hierarchy to set goals, monitor results and build a stronger company.
https://smallbusiness.chron.com/importance-organizational-skills-2885.html]]> 2021-08-21 15:45:45 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689035541 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689038240 Module 6 taught us the importance of HR within a company. There are many functions within HR that must be implemented carefully to avoid any mistakes within the workplace. They include:
-Training
-Compensation
-Safety and Health
-Employee and Labor Relations
-Terminating Employees (when necessary)
Mistakes within HR could land a company in legal trouble. No one wants legal trouble!!!]]> 2021-08-21 15:51:29 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689038240 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689040145 Module 6 also taught us the importance of communications within a business. The way managers communicate with employees has a impact on how employees feel about their job, therefore leading to better or worse performance.
BlogSharp explains there are 4 main reasons you should improve manager communication:
1. Employee trust
2. Employee motivation
3. Employee engagement
4. Employee retention
Achieving these reasons above could lead to a smoother, happier workplace for everyone involved.
https://blog.smarp.com/14-manager-communication-best-practices-you-shouldnt-ignore]]> 2021-08-21 15:55:57 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689040145 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689041247 Module 7 explains the importance of good leadership within a business. There are many different traits of a good leader. Some traits that stood out to me would be the ability to influence, establish change, innovate, create and inspire. Leadership is the process by which an individual mobilizes people and resources to achieve a goal.]]> 2021-08-21 15:58:47 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689041247 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689042833 We also went over how motivation plays a huge roll in a successful workplace. I know if I don't have any motivation, it can be hard to achieve anything, let alone achieve success. Inside blog  explains that a positive workplace is the basic element that will get your company to the top. To achieve a high level of employee productivity, management needs to encourage a positive workplace environment.
https://inside.6q.io/employee-motivation-important/

]]> 2021-08-21 16:02:36 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689042833 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689044108 In module 8 we learn that the word control can have different elements to it when regarding business. Control is important within a company because without it, there would be chaos. How could you achieve success when chaos is present? Strategic, Tactical, and Operational Control are the types of control. If I had to choose a type of control to use on my own business, I would lean towards strategic control. A good strategy can be easy to achieve with careful planning.]]> 2021-08-21 16:05:39 UTC https://padlet.com/s3721103/kimvz8b81635meve/wish/1689044108 s3721103 https://padlet.com/s3721103/kimvz8b81635meve/wish/1689046474 It can be hard for managers to accurately control the productivity within a workplace. Managers want to keep a good relationship with employees, while also staying inspiring and respectful. BusinessTown does a great job of giving tips on increasing productivity in the workplace. They include:
1. Be Efficient
2. Delegate
3. Reduce Distractions
4. Have the Right Tools and Equipment
5. Improve workplace conditions
6. Offer Support and Set Realistic Goals
7. Practice Positive Reinforcement
8. Ensure Employees Are Happy
https://businesstown.com/8-ways-increase-productivity-workplace/

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