• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Principals of Management.

Extracts from this document...

Introduction

PRINCIPALS OF MANAGEMENT ASSIGNMENT #1: "GEORGE FISHER WORKS TO TURNAROUND KODAK" 1. Categorize each of Fisher's activities according to the four functions of management: planning, organizing, leading and controlling. Management is the process of achieving the objectives of the business by using its available resources effectively. Management has been described to have four main functions namely planning, organizing, leading and controlling. George fisher's activities while working at Kodak can be categorized into these four functions. PLANNING Planning involves setting goals and strategizing for the future and deciding the most efficient way to obtain them. The new CEO has big plans and new goals for organization. ? Fisher has his own vision for Kodak. He is one of the big advocates of for the development of Kodak's digital imagery. He does not deny the fact that the firms current business i.e., photographic technology is very important at the moment but he believes that investment in the new field will open up new doors and future profits. ? Before Kodak had a rather bureaucratic culture, which laid a lot of emphasis on the hierarchical structure of Kodak. Fisher however is trying to change all that, he believes that this culture is inappropriate for an organization facing a lot of competition. ...read more.

Middle

? He makes his goals clear to his managers by means of his one word slide presentations. He works with his managers to set realistic and achievable goals and later he checks on their progress. ? Fisher is also working on adjusting the performance related Compensation system to reward managers who achieve the set goals. ? Some of Fisher work practices will lead to increased levels of motivation; however they will also fall under the fourth function of management. For example His regular communication with his employees and researchers will not only lead to higher levels of motivation amongst employees but it will also lead to greater innovation amongst employees CONTROLLING The last function of management involves checking whether or not managers and employees achieve the goals set by the top management. ? Fisher is also working on the cycle time or introducing new products, a shorter cycle time will lead to greater levels of efficiency. ? Fisher has also maintains regular contact with his researcher to obtain new information and keep check on stuff. 2. Which of Mintzberg's roles are apparent in Fishers activities? Mintzberg suggested that while carrying out their functions managers also fulfill certain roles. These roles are divided three types. According to Mintzberg Fisher carries out the following roles: Interpersonal roles:- ? ...read more.

Conclusion

Technical skills refer to the mangers understanding and proficiency in a certain field. The case study states that Fisher has acquired some technical skills by studying in detail every aspect of Kodak. Human skills refer to the mangers ability to work with others both as a co-worker and as a leader. There is a lot of evidence in the case which suggests that fisher has exceptional human skills. He is good when it down to communicating with others, he has lots of goals and he has devised numerous ways to get his message across. He communicates with his employees on a regular base and makes sure that his set targets are clear to everyone. He has breakfast with his employees in order to talk to them. Conceptual skills are related to visualizing the company as a whole, the passage also suggests that Fisher has conceptual skills he has proper knowledge of his competition and where Kodak stands in relation to that competition. He can also visualize the organization in the future which is how he knows that diverting towards the digital division will be good for Kodak. His conceptual skills led to the different changes brought about within Kodak such as the change in culture or the product and alliances. The success of Fishers efforts depend on a number of things, some of which he cannot control. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. Marked by a teacher

    McDonald's. What are the Management functions at McDonald's?

    5 star(s)

    they don't that will be a constraints on the managers because they could loose money if there are no staffs to serve the customer. Having limited management can lead to internal constraints because if they don't have the skills to be a proper manager, they will not be able to

  2. A REPORT INTO HUMAN RESOURCE MANAGEMENT AT SAINSBURY'S

    Employees consider their own view of their performance. The main problem with self evaluation is that it can be highly biased. Some employees overestimate their performance through a fear of admitting their weaknesses. Others underestimate their performance because they do not want extra responsibility or because of false modesty.

  1. Managing Human Resources in Marks & Spencer.

    6.7 Observing Employee Performance From the standpoint of performance management, observation involves noticing specific facts, events, or behaviours related to work performance and the results of work performance. Observations are the raw data upon which effective performance feedback may be based.

  2. Investigate about the important roles that management plays in achieving my chosen organisation aims ...

    In particular, it was felt that an individual could easily be harmed by the existence of computerised data, which was inaccurate or misleading. Obscene Publications Act 1959 & 1964 State that it is an offence to publish an obscene article, "whether to gain or not".

  1. Rekindle the latent innovation

    This change must constantly differentiate itself vis-�-vis other companies and add extra value to the main players in the business model. One alternative is the creation of new products/services; the other is the implementation of improved, more optimal processes. Hence there are two varieties of innovation, which are, by definition, quite dissimilar.

  2. TNT case study

    E2 Interpretation and use of 'internal staffing' information and external labour market information to plan human resources within TNT a) Internal staffing information from TNT An organisation with a reputation for internal advancement such as TNT will find it easier to motivate staff, whereas in organisations where internal advancement is rare.

  1. Our interview sessions to learn the functions of the department, the roles of the ...

    It is equally important for a manager to give importance to their task (production) as it is to consider their employees. In the hotel industry, competition is extremely intense, and it is expected that each corporation has a high level of productivity in order to satisfy the customers' needs.

  2. Types of Entrepreneur

    Opportunity to benefit financially The entrepreneurial landscape has ten of thousand of sues stories in money terms. In many cases, rags to riches examples reflect the founder?s creativity, ingenuity, hard work and dedication to business. In most cases the financial rewards are a result of a lifetime of smart business practices and risk taking.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work