Essays on Management

Negotiations are part of our everyday lives; from the time we get up in the morning to the time we go to bed at night, we negotiate, in ways large and small. Whether it is bargaining when buying a new car, figuring out how much to spend or to save, deciding where to go for...

The industrial revolution brought about opportunities for many smaller businesses in the 19th century to expand to large corporations where early forms of organisation such as a sole trader prove to be ineffective to manage this new form of business well. Therefore, the question on how to control and supervise these large organisations effectively with...

Introduction: The aviation industry has become one of the essential component for mobility in the current scenario. It has made travel between two places located at far distances, much easier and faster. For instance, travelling between Frankfurt and London, takes 1 hour and 45 minutes via air travel. Over the past years, many companies have...

Understanding Health and Stress Health is defined by the World Health Organization (WHO) as a state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity. (Melissa Conrad Stoppler, n.d.). Stress can be viewed as a physical, mental, or emotional influence that results in bodily or mental tension. Stress can...

With appropriate examples of management accounting techniques, consider how management accounting has changed in the past 50 years to accommodate for the changes in the external environment, specifically in terms of nature and scope of management accounting. Management accounting occurred in the early years of the industrial revolution tracing back its origins to stewardship roles...

When a business sets out its mission statement and values it should do so in an ethical way. What I mean by this is ‘ethical standards’ are what the majority of people will accept as good values to abide by. Decisions are made on a daily basis and when they are personal decisions, they are...

The modern world has been marked by scientific management that is characterized by effective planning methods in order to attain certain objectives efficiently, division of labour which has served to increase specializations and innovations in work places, and a formalized interaction between the employees and their managers in their work places. Scientific management is a...

 In order for a project to be successful, planning is essential, hence planning becomes the most important responsibility of a project manager undertaking any project. For a PM to be able to go through the process of planning the PM would need a vision to work upon to begin with. I personally, would analyse the...

Definition of Leadership Leadership is about inspiring and motivating people; staff you work with, People we Support as well as people senior to yourself and outside your organisation to achieve goals and strive for continual improvement. It is about behaviour, role modelling and positively influencing people around you and extends outside your place of work...

Introduction In an era as dynamic as the one prevailing, featured by breath-taking progress across all aspects of a business- from competitive intensity to the challenges induced by a business’s environment, now more than ever, organisations must explicate their purpose through their mission statement. This aids the stakeholders to recognise the role an organisation plays...