Questions: Questions about …

Question: What is Corporate Culture?
Answer: Corporate culture refers to a company’s values, beliefs, business principles, traditions, ways of operating, and internal work environment. There are different questions that need to be considered to fully understand its meaning in business life.
How might corporate culture be packaged?
The company’s beliefs, norms and values must be effectively packaged. The corporate culture must be embedded into everyday fabric of the business. It must inform individuals how things are done. It can come in different forms like stories which may help to explain current practices of business. Stories may be used to communicate importance of something in business. Symbols and slogans can also be used as a means of communicating firm’s culture. Mission statement often contains information about company’s culture.
How might corporate culture be communicated?
The corporate culture of the business must be communicated to employees and other stakeholders. Formal and informal methods can be used to do this. Formal methods are highly visible, consciously designed, regular events and activities. Rites and occasions can be planned to show different aspects of culture. Courses such as induction, orientation and training courses which have the values and beliefs communicated within the firm. Informal way involves the way in which employees communicate and express themselves in the business

Question: What are the areas of Management?

Answer: The areas of management are very huge as follows:-

• Administrative management
• Accounting management
• Agile management
• Arts management
• Association management
• Change management
• Communication management
• Constraint management
• Cost management
• Crisis management
• Critical management studies
• Customer relationship management
• Earned value management
• Educational management
• Effective Sales Management
• Enterprise management
• Environmental management
• Facility management
• Financial management
• Human Interaction management
• Human resources management
• Information technology management
• Integration management
• Interim management
• Inventory management
• Knowledge management
• Land management
• Leadership management
• Logistics management
• Marketing management
• Materials management
• Normative management
• Operations management
• Organization development
• Perception management
• Procurement management
• Program management
• Project management
• Process management
• Personal management
• Performance management
• Product management
• Public administration
• Public management
• Professional Sales Territory Management
• Quality management
• Records management
• Resource management
• Risk management
• Skills management
• Social entrepreneurship
• Spend management
• Strategic management
• Stress management
• Supply chain management
• Systems management
• Talent management
• Time management
• Telecommunication management

Question: What are the functions of the Management?

Answer: There are five functions to be performed by all types of managers. They vary qualitatively and quantitatively depending on the level of management. These functions are:-

• Planning
• Organizing
• Human Aspects of Organizing (aka Staffing)
• Leading and Motivation
• Controlling

Among these functions, the planning is the most important one.

Question: What is organizing?
Answer: As we know, the most important function of management is planning.
A key issue in accomplishing the goals identified in the planning process is structuring the work of the organization. Organizations are groups of people, with ideas and resources, working toward common goals. The purpose of the organizing function is to make the best use of the organization’s resources to achieve organizational goals. Output of organizing process is a set of organizational charts, organizational units. This process is also known as departmentalization.

Organizing can be viewed as the activities to collect and configure resources in order to implement plans in a highly effective and efficient fashion. Organizing is a broad set of activities, and often considered one of the major functions of management. Therefore, there are a wide variety of topics in organizing.

Question of Organizing Effectively in Management
Answer:  Effective organizing must first consider basic mission and long-range objectives established for the organization and the strategy. There are a lot of activities to be considered in organizing. A good manager starts with first the most inportant activities for success (aka key activities).
 

For an effective organizing, we must find these key activities. How do we find these key activities then?

You can ask three questions to identify key activities

1. In what area is excellence required to obtain the company’s objectives?
2. In what areas would lack of performance endanger the results?
3. What are the values that are truly important to us in this company?

Pareto analysis is a widely known method for such a process. Questions regarding Pareto analysis will be answered in another entry.