Mgt 330 Final

In: Business and Management

Submitted By triton21
Words 251
Pages 2
MGT/330
Week 5 – Group Paper
Control Mechanisms Paper
Explain how these controls affect the four functions of management.

The four functions of management at General Motors which are to plan, organize, direct and control are affected by budgetary, feedback, financial and market controls.

General Motors is depending more on the control mechanisms now, more than ever. Since falling into bankruptcy, General Motors is using budgetary control now as a means of planning and control. W.A. Paton describes the budget as “any statement or report which shows the estimated data of either the course or results of a program or plan of operation. (W.A. Paton. 1932) General Motors uses budgetary control in long-term and short-term management planning.

The new Chief Financial Officer, Chris Leddell, has stated that General Motors has lost billions of dollars in the last year. With that being said Mr. Leddell is very optimistic that General Motors will rebound from bankruptcy and will more than likely be able to show a profit for 2010. The organizational management function is utilizing a now weak financial control and they know they have a long road ahead.

General Motors management team uses feedback controls to help allocate resources and track funds versus production and sales. These control mechanisms affect General Motors management functions by providing an instant indicator, preventing a lagging indicator.

References

Jstor.(2010). General Motors Budgetary Control. Retrieved from http://www.jstor.org
Money.CNN. (2010). GM Opens the Kimono. Retrieved from…...

Similar Documents

Mgt 330

... | Course Syllabus School of Business MGT/330 Version 7 Management Theory, Practice, and Application | Copyright © 2011, 2009, 2008, 2006, 2004 by University of Phoenix. All rights reserved. Course Description This course explores the rich field of management in theory and practice, and as both a science and an art. The course also addresses the role of managers in the current world of rapid change, increased competitive forces, and increased expectations for the successful performance of employees and organizations. The focus is on some of the ways and means of achieving desired goals. The student will leave this course with a solid background in the nature and work of management and managers. Applications of concepts to current workplace issues will be stressed. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bateman, T. S., & Snell, S. A. (2011). Management: Leading &......

Words: 1847 - Pages: 8

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be Downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free To Contact Us: Lancehomework@gmail.com MGT 330 Final Exam Guide 100% Correct Answers Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: ......

Words: 1846 - Pages: 8

Mgt 330 Final Paper

...The five functions of management Shabrekia Andrews MGT 330 Management for Organizations Instructor: David Gibbons March 10, 2014 The five management functions include the following: planning, leading, organizing, staffing, and controlling. Implementing these five functions are essential to running a successful business. Being in the military, I have found that these five functions are necessary to complete the designated tasks at hand. My current employer is GA Mates/RESET located on base of Fort Stewart Georgia. Basically what we do is take the equipment of units coming back from deployment and fixed them. At one point we had so many pieces that organization was and still is a necessity. The five functions are necessary to keep the process running smoothly because there are so many moving pieces. At my current employer, my superiors set the standards and we abide by them. Throughout my essay, I will be discussing how the five management functions are important and applied to our daily duties. Knowing my job and what I have to do is a key factor in making sure things are going the way they should be going. My title at GA RESET is data entry clerk/technician. What I do is take those pieces of equipment, inventory them, cut jobs for them to be worked on, update the progress, close out the job, and keep record of the pieces coming in and out of the shop. Each section, in our place of employment, is responsible for implementing the five functions. Planning “Managers......

Words: 765 - Pages: 4

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers To Buy this Class Copy & paste below link in your Brower http://sourceofhomework.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Or Visit Our Website Visit : http://sourceofhomework.com Email Us : sourceofhomework@gmail.com Type: MGT 330 Final Exam MGT 330 Final Exam Guide 100% Correct Answers Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the......

Words: 1836 - Pages: 8

Mgt 330

...Control Mechanisms University of Phoenix MGT/330 September 29, 2010 Introduction Wal-Mart is undoubtedly the number one seller globally and has accomplished it all in less than 50 years. When Wal-Mart opened in 1962 never did Sam Walton believe that in 2008, his company would be able to bring in sales profits that surpass $100 billion, and that says a great deal for a company to attain that when the country was dealing with a recession. The vision and goal of the company was to ensure that every customer would have the opportunity to find a place that would offer fair priced worth products to all consumers and equality shown to customers as well. That vision continues as of today while Wal-Mart guarantees that they will counterpart any competitor’s price. Not only does Wal-Mart have more than 650,000 people on staff they also manage more than 2,900 stores internationally as well. Besides the customary Wal-Mart, there is also the Super Wal-Mart that sells food and beverage goods as well as house commodities and automotive products and a section that includes a pharmacy inside too. All together that makes Wal-Mart a one stop shopping experience. The next branch of the Wal-Mart family is the Wal-Mart neighborhood grocery stores. These stores center their attention on food, beverage, and pharmacy goods period. These particular stores are smaller but they do include all the aspects of a customary grocery store. Last the Wal-Mart family......

Words: 2136 - Pages: 9

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 7224 - Pages: 29

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 5418 - Pages: 22

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers http://hwguiders.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an internal auditor. Ruby has found that her job is different...

Words: 30583 - Pages: 123

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 9030 - Pages: 37

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt 330 Final - Ashford

...Target MGT 330 Management for Organizations Prof. Anthony DiGaetano August 27, 2015 Target Target Corporation is a leading big box retailer with a unique outlook and approach to reaching consumers while offering upscale product at affordable everyday process. Working for large companies can be difficult because employees become numbers and are often lost in the everyday shuffle of information, products, and customers. However, while working for Target, one will find an immense respect and a collaborative effort among co-workers. Target Corporation utilizes the five management functions: planning, leading, organizing, staffing and controlling, to benefit their company, their employees, and their customers. Planning “Managers use planning to choose appropriate organizational goals and identify courses of actions to best reach those goals,” (Baack, Reilly, & Minnick, 2014, Section 1.3, “The Five Management Functions,” para. 2). According to an interview conducted by Jennifer Rooney, a Forbes staff member, Jeff Jones, VP and CMO of Target Corporation believes Target’s role in retail consists of knowing what the consumer wants and needs, while delivering top quality products at an everyday price point (Rooney, 2012). Mr. Jones reiterates the goal of Target Corporation is to continually fulfill the motto, expect more, pay less and states that the corporation as a whole relies heavily on the Target Brands that are unique to only Target (Rooney, 2012). These brands......

Words: 2178 - Pages: 9

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt/330 Final Exam

...Functions of Management Tekeshia Gresham MGT/330 Mr. Dennis Stroud March 31st, 2012 Functions of Management Managers like PepsiCo’s Indra Nooyi must practice the art of getting things done through organizational resources, which include workers, financial resources, information, equipment, planning, organizing, leading, and controlling, (Hall, 2009). Managers were called bosses and his or her job consisted of telling people what to do, watching over them to be sure they did it, and reprimanding those who did not. Today, however, some managers tend to be more progressive. For example, they emphasize teams and team building; managers create drop-in centers, team spaces, and open work areas. Managers changed the definition of “work” from “a task you do for specified period in a specific place” to “something you do anywhere, anytime.” Managers tend to guide, train, support, motivate, and coach employees rather than tell them what to do. What do these changes mean? What the changes mean is that management will demand a new kind of person: a skilled communicator and a team player as well as a planner, organizer, motivator, and leader. One of the major objectives of organizations is to please customers. The trend today is to have planning teams to help monitor the environment, find business opportunities, and watch for challenges. The key function of management is planning because accomplishing the other functions depends heavily on having a good plan....

Words: 982 - Pages: 4

Como Treinar o seu Dragão 3 | 2009 Filmleri | Legend of Tarzan