Is There A Management Without Manager - 771 Words

Is there a Management without manager? â€Å"Management is doing the things right; leadership is doing the right thing. (peter drunker)†. Management and leadership are important concepts not only in business world but also in our every day live. The management is done by the manager who is leader and decision maker at the same time. In traditional companies there is a strong believe the hierarchy and structure of the employees and managers is very important for example, majority of traditional companies still using the pyramids of mangers which starts from first line manager then middle manger and at the top of the pyramids is the top manger. However, some managers or leaders developed their own ways and methods to be unique and efficient in the 21st century. Generally, the managers are the source of ideas, plans and the final decisions, but other managers believe that the employees’ ideas and plans could be unique and effective and we should engaged them in the decision making process. Moreover, if the ge t the freedom, support and comfortable environment the will be able to work properly and eventually increase the companies profits. This paper will introduce two examples of companies with unique methods of management and working environment. The first example is Semco company, founded Antonio Semler, was established in 1912 and it was an industrial equipment company located in Sao Paulo, Brazil. In 1918 the control of the company was transferred to his son RicardoShow MoreRelatedAckoff Management Misinformation Systems Essay753 Words   |  4 PagesAckoff Management Misinformation Systems Ackoff identifies five assumptions commonly made by designers of management information systems (MIS). With these assumptions, Ackoff argues that these assumptions are in most cases not justified cases, and often lead to major deficiencies in the resulting systems, i.e. Management Misinformation Systems. To overcome these assumptions and the deficiencies which result from them, Ackoff recommends that management information system should be imbedded inRead MoreReport On The Field Of Business Management Essay1217 Words   |  5 PagesOpportunities Within The Field Of Business Management Date: October 3, 2016 For: Incoming Students Subject: What Is Business Management All About? Introduction Business management is a very broad field of choice which gives people the opportunity to choose from many careers options. This particular field trains one for roles as managers in many sectors such as education, retail, technology and more. There are many skills one obtains from choosing business management as their major. People learn how toRead MoreItm533 It Project, Logistics, and Contract Management1215 Words   |  5 PagesITM533 IT Project, Logistics, and Contract Management Summer 07 Module 1 Case Assignment Dr. Kathleen Hargiss Project management is definitely more art than science. Project teams consist of people and no two people, personalities, or skill sets are the same. This is the project manager’s blessing and curse. Given the 14 Key Principles for Project Management Success (Greer 1999), no two project managers will interpret these principles the same, nor will they execute their duties with equalRead MoreMgt 330 Functions of Management Essay1046 Words   |  5 PagesFour Functions of Management Tayshia Forrest MGT 330 May 15, 2011 Didier S.D. Opotowsky University of Phoenix Abstract: The objective of this paper is to explain and define the four functions of management, which are planning, organizing, leading, and controlling. The paper will also explain how these four functions are incorporated in the fast food franchise of Hardees and Carl Jr. restaurants. Discussed are different ways the restaurant managers practice these functions for their employeesRead MoreBook Review: Lets Fire All the Managers1033 Words   |  5 Pagesâ€Å"First, Let s Fire All the Managers†. Intriguing start changes in the list of charges against the modern management system. The author is showing his critic for complicated system, where we have hundreds of managers in various level. He lists three main problems. As first is the costs of management which is very expensive. At second he shows that typical management hierarchy increases the risk of â€Å"calamitous† decisions with bad judgment. And as third multitiered management structure systematicallyRead MoreManagement And Functions Of Management1063 Words   |  5 PagesManagement in business and associations is the capacity that facilitates the endeavors of individuals to achieve objectives and targets utilizing accessible assets proficiently and adequately. Management includes planning, arranging, staffing, heading or steering, and controlling an association to achieve the objective. Resourcing includes the arrangement and control of human assets, budgetary assets, innovative assets, and regular assets. Administration is additionally a scholarly teach, a socialRead MoreWhy Construction Management Is Important1267 Words   |  6 Pagesconstruction manager. My responsibilities as a construction manager are to oversee the construction of buildings, bridges, and the structures that allow people to live their daily lives. I am in charge of seeing that the infrastructure, the foundation of modern life, is built efficiently and correctly, because without a solid foundation, everything else will crum ble. I chose construction management to ensure a stable future for society and in this paper I will be discussing what construction management isRead MoreProject Management : Enterprise Environment Factors980 Words   |  4 PagesProcess Assets This area of the Plan Project Management process consists of all the collective operating practices of an organization. The organizational process assets are a combination of practices, artifacts, and knowledge from all areas of the organization that was involved in a project (PMBOK, 2013). The organization process assets should be treated as a living document that requires continuous updates and editing for future project managers to pull from. Lessons learn not only save time andRead MoreProject Management Project Manager My Job1667 Words   |  7 PagesTask 1 Project Manager: Mr. Bibek Shrestha Organization: MultiSys Private Limited, Lazimpat, Kathmandu, Nepal 1) As a Project Manager my job is to see that a project under me runs smoothly without any hindrances. Initially, we as a team of stakeholders of the project have to prepare a project plan according to the budget and resources available and make schedule on how and when the tasks are going to be executed. Then, we have to manage the team members according to plan and budget. I have to seeRead MoreAdvantages and Disadvantages of Employee and Union Participation in Management1345 Words   |  6 PagesManagers are paid to manage and they should be free to do that without interference. Critically evaluate in regards to one aspect of the Employment Relationship. Managers are paid to represent the owner with responsibilities to operate the business efficiently and to manage the employees effectively, in order to achieve the best profit and productive of the business. Since they are the agent of the owner and entitled with exclusive power – managerial prerogatives, they are playing an important role

Personal Action Plan Essay - 603 Words

Individual Assignment Wk. 3: Personal Action Plan Paul J Willson COMM/315 October 16, 2012 Maria Fletcher Individual Assignment Wk. 3: Personal Action Plan My life has been an unusual life; I have chosen to leave my culture and explore many others’ cultures to find myself and who I am. I have been able to have this life’s experience because I live in a country that is accepting of diverse individuals. But, I have to live with the negative aspects of not living by the status-quo; by the way I chose to represent myself to the world. To make a long story short, I am tall, scary, and I chose to dress and conduct myself as a hip-hop urban individual and that comes with consequences; so I consider every situation that I find†¦show more content†¦6. The social inequality I observe on a daily system is how individuals with money have such a distain for individuals who are homeless; when I find an individual warming up to me, they will make an insensitive remark about someone else. 7. My comfort level has change over the years due to my relationship I have with myself; I know who I am, who I care about, and I find th at the good I do in my life comes out in my personality, and others will notice by my actions. 8. My life’s experience has shown me to be more socially conscious due to pit-falls I have had in my life. I have been at the very top and been brought to the very bottom, and the individuals at the top have the most work to do on their souls. 9. The traits that I exhibit in public are: To be humble at all times; to be tolerant of other’s; and not judge a book by it’s cover. 10. I feel the only trait of intolerance that I need to work on is my inability to forgive individuals who have gone astray and choose to steal and doShow MoreRelatedThe Personal Plan Of Action936 Words   |  4 PagesPersonal Plan of Action According to Eric Sheninger, effective principals are instructional leaders, create a positive school climate, employ quality teachers, are organized, has great communication skills, and has a sense of professionalism. Many of these qualities are traits that I feel I have and are continually being strengthened by the knowledge I acquire through my graduate courses and the role as FCIM facilitator. I hope that through hard work and diligence I will receive an assistant principalRead MorePersonal Leadership And Action Plan2151 Words   |  9 PagesPersonal Leadership and Action Plan This paper will incorporate four of the self-assessment I completed (Leadership, 2004). They are as follows; social motives in the work setting, my leadership styles, emotional intelligence, and team excellence. I will also identify and discuss my leadership characteristics, strengths, and weaknesses. We must first understand what leadership means. To lead, nonetheless, is to excite, to impact, and to inspire. Successful leaders move others to draw in incrediblenessRead MoreMy Personal Action Plan For 20171464 Words   |  6 PagesIncluded in my Personal Action Plan for 2017 are several goals that I need to achieve in order to reach my long-term personal objectives. They include, earning a promotion to Vice President, saving $3.5 million for retirement, maintaining my health, and attaining an MBA degree. All four long-term objectives are specific, relevant to me, in line with my life goals, and time-bound. Most importantly, they are attainable, so I can set new goals once these a re met. Furthermore, I am cognizant of theRead MorePersonal Leadership Action Plan For Leadership1001 Words   |  5 Pages To: Prof. Jody Daniels From: Mahnaz Bayat Date: December 2, 2014 Personal Leadership Action Plan Before taking the leadership class I viewed leaders and managers the same and I was thinking that only a few people at the top of an organization can lead. However I was wrong and today I view leadership as the challenge and responsibility of every individual with potential to make a difference. Today, I view leadership as a social influence. It is initiating and guiding and the result is change. Read MorePersonal Environmental Statement and Action Plan1569 Words   |  7 Pages My Personal Environmental Statement and Action Plan The dynamic relationship between humans, Earth and all else within has always captivated me. I was born in 1973 in Jamaica, my parents were politically active, I was taken as a child to rallies mostly about challenging socio-political injustices and poverty, in the streets of London, Kingston and New York and can recall the first time hearing such terminology as, ‘limits to growth’, ‘the pollution pandemic’, ‘alternative energy’, ‘consumerismRead MorePersonal Action Plan: Store Observation1636 Words   |  7 PagesPersonal action plan: Store observation I believe that grocery stores are perhaps the most economically segregated areas of America. Much has been written about food deserts, in which small bodega-type stores without healthy food are the only purveyors available to residents. I have also noticed that very often grocery stores in bad neighborhoods often do not even have the cheapest prices, compared with my regular supermarket. On the other hand, there has been a proliferation of lifestyle-relatedRead MoreEthics Of Personal Ethics Action Plan2450 Words   |  10 Pages Personal Ethics Action Plan OLS 263 – 11331 : Ethical Decisions in Leadership Matthew Rust Spring 2015 Indiana University – Purdue University at Indianapolis â€Æ' Mission Statement Throughout my life I will dedicate myself to the betterment of my community, my workplace, and the people around me. I will hold the values of fairness, innovation, and productivity key in my duties. All of my actions and thoughts will go through an ethical filter to ensure that I stay in line with myRead MorePersonal Action Plan for Nutrition and Diet1225 Words   |  5 Pagespreparing an action plan for nutrition and diet begins with an analysis of my past records on these things, and of the changes that I made over the course of the semester as I became more aware of these issues. The first study was done during January at the beginning of the semester, and the second study of my nutrition intake was done in at the beginning of March. These two studies are the basis of my nutritional plan, and a similar methodology was used with respect to the exercise plan. NutritionalRead MoreLeadership Personal Action Plan For A Successful Leader1135 Words   |  5 PagesLeadership Personal Action Plan Effective leadership is about stimulating growth and development in your teams and also in the people around you. In order to achieve the aforementioned, a leader must have a plan of action to become successful. This paper will allow me to highlight and reflect upon my personal strengths and challenges as a leader and also describe my plan to leverage those strengths. Additionally, I will be able to identify ways to improve my leadership skills. Lastly, this plan of actionRead MoreMy Personal Leadership Analysis And Action Plan2457 Words   |  10 PagesThis essay assesses my personal leadership analysis and action plan. This paper has four separate components intending to provide a self-assessment, personal experiences, personal relationships, and an action plan. The first part will discuss four of my self-assessments, from this course, that will evaluate my leadership characteristics, strengths, and weaknesses. The second section of the paper will isolate personal leadership exper iences that were significant in my life. Additionally, the section

State Bank of India free essay sample

It receives and pays money on behalf of the governments. Especially it ren ­ders the following functions as directed by the RBI in this regard. (a) Collection of charges on behalf of the government e. g. collection of tax and other payments (b) Grants loans and advances to the governments (c) provides advises to the government regarding economic conditions, etc. , (2) Bankers Bank: Commercial Banks have accounts with SBI. When the banks face financial shortage, the SBI provides assistance to them as it is considered a big brother in the banking industry. It discounts the bills of the other commercial banks. Due to the functions on this line the SBI is considered in a limited sense as the bankers bank. (3) Currency Chest: The RBI maintains currency chests at its own offices. But RBI Of ­fices are situated only in big cities. SBI, buy its wide network of branches operate in urban as well as rural areas. RBI therefore, in such places keeps money at currency chests with SBI. Whenever needs arise, the currency is withdrawn from these chests under proper accounting and reporting to RBI. Presently RBI entrust currency chest to other Public Sector Banks and a few Private Sector Banks also. 4) Acts as Clearing House: In all the places, where RBI has no branch, the SBI renders the functions of clearing house. Thus, it facilitates the inter bank settlements. Since, all the banks in such places have accounts with SBI; it is easy for the SBI, to act as clearing house. (5) Renders Promotional Functions: State Bank of India also renders various promotional functions. It provides various facilities to the following priority sectors: (i) Agriculture (ii) Small Scale Industries (iii) Weaker sections of the society (iv) Co-operative sectors (v) Small traders (vi) Unemployed Youth vii) Others. In this respect SBI is like any other commercial bank. B. General Banking Functions Besides the above spe cialized functions, the SBI renders the following functions under Section 33 of the Act. 1. Accepting deposits from the public under current, savings, fixed and recurring deposit accounts. 2. Advancing and lending money and opening cash credits upon the security of stocks, securities, etc. 3. Drawing, accepting, discounting, buying and selling of bills of exchange and other negotiable instruments. 4. Investing funds, in specified kinds of securities. . Advancing and lending money to court of wards with the previous approval of State Government. 6. Issuing and circulating letters of credit. 7. Offering remittance facilities such as, demand drafts, mail transfers telegraphic transfers, etc. 8. Acting as administrator, executor, trustee or otherwise. 9. Selling and realizing the movable or immovable properties that come into the banks in satisfaction of claims. 10. Transacting pecuniary agency business on commission stocks. 11. Underwriting of the issue of authorized shares debentures, and other securities. This function is done through subsidiaries now) 12. Buying and selling of gold and silver. 13. It operates Public Provident Fund Accounts for the general public. 14. It operates Non-Resident External Accounts and Foreign Currency Accounts. 15. Providing Factoring service (through subsidiaries). 16. Provides shipping finance. 17. Promotes Export through Export Credit. Provides Project Export Finance. 18. Provides Merchant Banking Facilities. 19. Provides specialized services like Global Link Services . 20. Promotes housing finance through SBI Home Finance Ltd . 21. Offers community services Banking. It provides grants to many socially relevant research projects undertaken by various universities and academic institutions in the country. 22. Provides Leasing Finance and Project Finance Facilities. 23. Participates in Lead Bank Scheme. 24. The State Bank may with the sanction of the Central Government, enter into ne ­gotiations for acquiring the business of any other Banking Institutions. State Bank of India The State Bank of India, is Indias largest and the oldest Bank and a premier in terms of balance sheet size, number of branches, market capitalization and profits. Apart from banking, SBI has also entered into new ventures strategic tie ups – Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, structured products etc – each one of these initiatives having a huge potential for growth. With its cutting edge technology and new banking models, it is expanding its Rural Banking base, looking at the vast untapped potential in the hinterland and proposes to cover 100,000 villages in the next two years. State Bank of India is also concentrating at the top end of the market, on whole sale banking capabilities to provide India’s growing mid / large Corporate with a complete array of products and services. It is consolidating its global treasury operations and entering into structured products and derivative instruments. State Bank of India is the only Bank of India that has been included in the list of fortune 500. It is the largest provider of infrastructure debt and the largest arranger of external commercial borrowings in the country. Survey of SBI Branches 850 Branches of Associated Banks- 5100 ATMS- 8500 ATMs, Other value added services Internet banking, debit cards, mobile banking, etc. Learning Colleges- Four national level Apex Training Colleges (For skill enhancement) Learning Centres 54 (For skill enhancement) Forign Offices 82 (in 32 countries) Subsidiaries in India- SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards Subsidiary of State Bank of India State Bank of Bikaner Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Saurastra State Bank of Travancore The services of SBI Bank Personal Banking Gold Banking NRI Banking International Banking Corporate Banking Small Scale Industries Small Business Finance Rural Banking Government Business Home Loans The struggle for the soul of India’s biggest bank Apr 21st 2012 | MUMBAI |From the print edition TO WALK into State Bank of Indias headquarters in Mumbai is to enter, unmistakably, the sphere of the state. Men in khaki guard the gate, a protocol officer greets guests and the screen in the lift plays a clip of Indias finance minister. The chairmans suite has been occupied since April 2011 by Pratip Chaudhuri, and if his unflashy suit and modest manner are typical of Indias financial technocrats, his take on the past year at Indias biggest bank by assets, and Asias 20th, is unusually blunt. In this section Weather report Feeling peaky Kim selection Fair play or foul? My conflicted heart The ironing lady Joined-up thinking Reprints Related topics Asia India State Bank of India Just after he took the reins SBI booked an almost-$2 billion pension-related charge worth a tenth of its core capital, crystallising fears that SBI had become too aggressive (see chart 1). The reaction was â€Å"frankly something I was unprepared for†, he says. â€Å"The share price tanked. People worried if SBI was going down the tubes †¦people were writing our obituary. † That trauma, plus a more general sense that India has lost its appetite for liberal reform, has reopened old questions about SBIs strategic direction. Will it evolve into a Western-style private bank (preferably without the kamikaze gene), a path that the previous management team favoured? Or is SBI destined to be a state-led development bank, a model given new legs by the rise of Chinas mega-banks? It is easy to understand worries about SBIs strength. It got a shock when it was downgraded by Moodys, a ratings agency, last year. Asset quality is mediocre, with gross non-performing loans at 4. 6% of total loans, and another 3% classified as â€Å"restructured† (typically a fifth of these turn out to be dud). Yet SBI still has huge muscle. Mr Chaudhuri says bad-debt trends have turned a corner, despite a weak economy that led the central bank to cut rates by half a percentage point on April 17th. Its Tier-1 capital ratio is a passable 9%. Most rivals reckon SBI got a bit carried away with some products, such as mortgages, but is basically sound. And its business model works, with oodles of deposits from 19,000 branches, decent lending margins on a diversified loan book and an array of newish ventures from insurance to fund management. Perhaps a quarter of loans made, some to farmers, are not profitable, but over time SBIs deep national presence will prove a decisive advantage, Mr Chaudhuri says. For the year that ended in March 2012 profits should be almost $3 billion, more than any other Indian bank, although not enough to allow it to avoid government-backed capital increases every few years to fund growth. The debate over strategy had seemed settled under Mr Chaudhuris predecessor, O. P. Bhatt, a passionate figure who ran the bank between 2006-2011. His stated mission was to modernise SBI and his unspoken aim was to free it of state influence. In pursuit of the first goal, SBI took a less defeatist attitude towards the private banks that thrived after liberalisation in the 1990s, winning back business as a result of a push in mortgage lending and of the financial crisis, which saw depositors rush back to state banks. (Today SBI has about a fifth of the banking market. Mr Bhatt also raised SBIs horizons by suggesting it could play the role of an Indian champion, with a chunky presence abroad to help Indian firms globalise, and, in time, enough clout to rival Western and Chinese banks (see chart 2). Mr Chaudhuri says the broad strategy â€Å"continues†. He aims to exploit SBIs role as the biggest gatherer of savings in India, and to improve its efficiency and responsiveness to cus tomers. He would like a fifth of activity to be from the international business (which he used to run), up from about a tenth. More than that would be a stretch: â€Å"Its not every day that Ratan Tata buys Jaguar Land Rover,† he says. Yet despite this fairly clear statement of direction, outsiders tend to be confused about SBI right now. â€Å"Its meandering,† says the boss of a rival bank. â€Å"Its at a complete loss. † Another reckons little has changed: â€Å"Chaudhuri harbours the same ambitions as Bhatt, but has a more realistic timetable. † Part of the ambiguity centres on the role of the state. Mr Bhatt used to speculate privately about the state eventually ceding control over SBI (it owns 62% today). Mr Chaudhuri admires elements of both Western and Chinese banks, but says that state backing is â€Å"definitely† an advantage and wants to shift the bank towards infrastructure lending. This may be in the national interest, but not the banks. Many savvy private-sector rivals see infrastructure as a pit of politics, corruption and bad debts—and boast of steering clear of it. SBI is used to politics, however. It was formed in a state-backed merger in 1921 and nationalised in 1955, and at some point has been accused of neglecting every corner of the economy. Jawaharlal Nehru, Indias first prime minister, even complained about the â€Å"fantastic† salaries of the banks top brass (they are miserly today). In more recent times the bank has said that politicians and officials are fairly hands-off, and has claimed that â€Å"patriotic† loans are limited to special cases such as Air India. The risk of adopting a more relaxed attitude towards the state, of the type Mr Chaudhuri seems to have, is twofold. First, it may make tackling SBIs bureaucracy harder by encouraging politically-linked unions and staff to appeal to government officials to stall the reforms necessary to keep up ith the private sector. Indias state banks, unlike Chinas, enjoy only limited protection, and must face top-notch private competitors. Vested interests already present formidable problems—for years SBI has struggled to integrate a handful of subsidiaries whose claim to partial autonomy is derived from Indias pre-independence princely states. Second , anything other than polite belligerence towards the Indian state tends to be deadly for public-sector firms, given the government machines natural impulse to reoccupy the commanding heights. Without a very clear sense from SBI that it is on a gradual journey away from being a ward of the state, it is not too hard to imagine todays pretty desperate bunch of politicians and officials attempting to meddle more actively in the allocation of credit. The trick for Mr Chaudhuri will be to maintain an outward appearance of modest evolution, but to push for behind-the-scenes change and keep the state at arms length. As Indias exhausted economic reformers can testify, that is an incredibly hard balancing-act to pull off, but for SBI and the country it mirrors it is the only game in town.