Management Practices Your internship/externship offers you opportunities to inqu

Question

Management Practices

Your internship/externship offers you opportunities to inquire, explore, and discuss relevant topics related to your degree plan in the School of Business and Information Technology. Now that you have been with your internship/externship organization for many weeks, you have developed a better understanding on the nature of their business, how the organization functions, and the manner in which managers and leaders interact with various stakeholders.

Throughout your degree program, you learned a great deal about management practices. With regard to the organizational problem/opportunity you have been studying for your Final Project, observe the management practices employed at your work site. As you shadowed the managers and supervisors, you should have taken particular notice of their behaviors, management styles, and work performance.

Answer the following questions and provide your professional opinion based on your experiences and observations:

Discuss some of the positive management and accounting practices you observed in relation to the problem/opportunity you have been studying.

Discuss some of the negative management practices you observed in relation to the problem/opportunity you are studying.

Describe the management styles you encountered or observed that can be useful in solving the problem or capitalizing on the opportunity.

Describe the management styles you encountered or observed that can be detrimental in solving the problem or capitalizing on the opportunity.

Describe the accounting practices, policies, and procedures of the business.

Explanation / Answer

Below is Some of the positive management in relation to management Studies:

As we are the business management students we will be studying different ways to think about understanding organisations and approaches to managing the people who work within them. The theories and models in this course look at the organisational context.

This course discussing ways that organisational theorists have characterised organisational structures and cultures, and the impact of different national cultures on organisational practice and ways in which managers might make sense of these

a short pre-reading activity asking you to think about a problem/opportunity situation in your own context, to see how these theories and models are both relevant and irrelevant to your own management practice.

After studying this course, you should be able to:

In short we can update our self by following details ,

- Planning: outlining philosophy, policy, objectives, and resultant things to be accomplished, and the techniques for accomplishment

- Organizing: establishing structures and systems through which activities are arranged, defined, and coordinated in terms of some specific objectives

- Staffing: fulfilling the personnel function, which includes selecting and training staff and maintaining favourable work conditions

- Directing: making decisions, embodying decisions in instructions, and serving as the leader of the enterprise

- Coordinating: interrelating the various parts of the work

- Budgeting: making financial plans, maintaining accounting and management control of revenue, and keeping costs in line with objectives

Accounting practices observed in relation to the problem/opportunity in management studies :

Studying in management course we able to understand a proper maintaining of account is how important for a day to day life of a human being and in whole for a successes of small or big company. Accounting for Management Decisions provides you with an understanding of the role of accounting as a system of information gathering and reporting that plays an important role in business decision-making. You will be encouraged to apply theoretical learning to real world practices. This course is specifically designed for students with little or no prior knowledge in accounting.

On successful completion of this course you will be able to:

Class seminars will involve interactive lectures, case studies and folio exercises. These are designed to engage you with how accounting can assist you in your role as a decision maker. They will engage you in thinking about what accounting is and how accounting operates within an organisation and regulatory context. The class activities will form part of your assessment and assist you in preparing for the other assessment in this course.

Opportunities are as follows :

-       Corporate and investment banking involves advising major organisations on mergers & acquisitions, flotations and financial strategy. Graduates are recruited into areas such as analysis, customer liaison and dealing. Entry at graduate level is relatively small and highly competitive – opportunities may be greater for qualified accountants

Following are Some of the problems in accounts:

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