Management ( Final ) Essay Example | Topics and Well Written Essays - 3250 words

Management ( Final ) - Essay Example It is not just those who work in the industry who must adhere to the process, but all stakeholders partake in at least a portion of it (Farmer and Richman, 1966). For instance, if a ship repair yard wishes to reduce its costs, it would start with Step 1 of the process: Data Collection. This data would include items such as inventory, scraps, salvageable materials, as well as a wide array of data on costs and profits associated with those items. Even though the management team is the entity responsible for implementing this step and those that follow, stakeholders play a role as well. For instance, company employees can share valuable data for management to collect during the process of Step 1. Once the data has been collected, then the ship repair yard could move on to Step 2: Assessment. This is the part where the management team would take a good look at the data and analyze it. In this example, the management team would find out why the repair yard's costs were so high. Feedback from a variety of stakeholders could be analyzed during this step. For example, feedback from customers would be particularly valuable to the management team during this phase of the process. Perhaps customers think the prices are already too high, so management would know to avoid raising prices if at all possible. After this step has been completed, it would be time for Step 3: Planning. This is where the management team at the repair yard would take the knowledge they obtained in Step 2 and plan how to fix the problem. For instance, if they found out that they were spending too much on certain types of repair jobs, but not pulling in enough profit to justify those expenses, they could plan to turn those types of repair jobs away in the future or raise the prices for those types of repair jobs for the customer. Once again, customer feedback would be invaluable at this point. Investors should also have a say in this part of the process. Next is Step 4: Implementation. This is the most important step of all, because no plan is any good at all if it is not set into motion. In this particular example, this would be the step where the management team would change the prices for the repair jobs they had found to be too expensive. This step affects all stakeholders, as they are being introduced to a completely new process that will take some form of adjustment on their part. The final step is Step 5: Evaluation. This is where management takes a look to see how well the management process is working. In this step, the aforementioned repair yard would see how well customers reacted to the price change and make adjustments if necessary. Once again, all stakeholders are involved in this particular phase of the management process (Oakes, Townley and Cooper, 1998). QUESTION 2 Given is that Ricardo Semler considers the challenge of management is to create an

The relationship between female leisure participation and Research Paper

The relationship between female leisure participation and psychological well being - Research Paper Example 126) Leisure activities can be divided into two main categories: solo and group activities. Both categories serve unique purposes and each has its characteristic benefits. Solo activities are based on an individual’s personal interests; it can also be defined as a hobby like: gardening, reading, writing, watching television/cinema, going for a walk or skating or swimming - such individual-based leisure activities help women de-stress and unwind from their day to day activities. Women have to go through a lot of biological and social changes throughout their lives. As they enter puberty, life suddenly starts moving in all directions. As they struggle through their education, careers, relationships, parenting, and family life - they find it highly difficult to find out time for leisure activities. As a result, they start developing various physical or psychological disorders, which are manifested in their performance at work or at home. Psychological well being is important beca use it helps a person to balance work and relationships properly. An overburdened female with tremendous responsibilities is not able to feel contentment or being rewarded for whatever she does for herself or for her family. She cannot derive pleasure or satisfaction from the work she does at home or office. It is for this reason that participation in leisure activities should be encouraged to boost the psychological well being of women. Solo leisure activities are a great way to relax and to get entertained. It satisfies the inner yearning of doing something for self. As one chooses leisure activities according to one’s free will, therefore, a person feels a sense of freedom while participating in leisure activities. There are no deadlines to fear about; nor does one have to worry about following rules and regulations. Spa, travelling, hiking, and joining leisure clubs are great ways to improve psychological well being. Likewise, joining gym, music and dance classes, or yoga can boost their self confidence as their body image improves. Low levels of self confidence hinder personal development in a lot of ways. However, leisure activities carried out in groups have far greater effects on the psychological well being of a woman because she can derive pleasure by socializing with people belonging to a cross-section of society. It could mean meeting with new and interesting people and sharing innovative ideas. It could be for a social cause; thus magnifying the benefits of such activities. It has been found out that social networking or socializing has positive effects on the psyche and mind of a person. As women get older, they find themselves lonely or isolated for various reasons: being single, or widowed, or retired, or living independently. Isolation from the society is detrimental to the physical and emotional health of a person; therefore, it is beneficial for such women to participate in leisure activities- particularly, group activities, so that t hey can give something back to society or Mother Nature. Working for a social cause is highly rewarding because it gives a