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Sunday, May 26, 2019

Long term objectives

Unfortunately in management, it is difficult to find standard definitions for many commonly used terms, yet a common vocabulary and a common understanding are vital to supremacyful communication. The key terms for management are working with and through other people to accomplish the objectives of both(prenominal) the organization and its members.Management activities include planning, organizing, coordinating, motivating, leading and controlling getting results effectively through other people by process of delegation. Management system refers to the organizations construction for managing its processes or activities that transform inputs of resources into a product or service which meet the organizations objectives, such as satisfying the customers quality requirements, complying to regulations, or meeting environmental objectives.In strategic analysis for long term objectives, the framework can be used for examining the fits with managerial strategy. These fits fall into seve n broad areas (1) strategy (2) structure (3) share values, attitudes, and philosophy (4) approach to staffing the organization and its overall people orientation (5) administrative systems, practices, and procedures used to run the organization on a day-to-day basis, including the reward structure, dinner gown and informal policies, budgeting and programs, training and financial control (6) the organizations skills, capabilities, and core competencies and (7) style of management (how they allocate their time and attention), symbolic actions, their leadership skills, the way the superlative degree management team comes across to the rest of organization.Managers should strive to develop and attain a variety of objectives in all areas where activity is critical to the operation and success of the management system.Now taking example of PetsMart case, and by going through the all available resources of market information, feedbacks and opinions of general public, if we analyze their management, their rating should be as follows.(1) Strategy Strong.(2) Structure Average.(3) Shared values Average.(4) Approach to staffing the organization Strong.(5) Administrative system Weak.(6) Core competences Average.(7) Style of management Average.ResourceManagement By Patrick J. Montana, Bruce H. Charnov, publish 2000 Barrons Educational Series

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