Topic 2 Management Structure and Roles - Lessons 2,3 &4

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Topic 2 Management Structure and Roles - Lessons 2,3 &4 Hopetoun Secondary College VCE Business Management Unit 3 – Corporate Management © Peter Frances Hughes 2011

ORGANISING (P O L C) Management aim to use the developed strategies in the organisation. ILUKA - Plan to use Hopetoun as a freight terminal for Zircon and Mineral Sands deposits. ILUKA - Management will carry out those plans. ILUKA - Intend to employ 90 personnel either from the area or recruit nearby.

ORGANISING (P O L C) Management needs to allocate the necessary resources to ensure strategies are achieved. ILUKA - allocate the Human Resources ILUKA - allocate the Physical Resources Finance comes from share holders capital or loans are raised.

ORGANISING (P O L C) Managers choose the personnel who will drive the plans / changes. Managers use their judgement in these matters Tasks are delegated to achieve necessary strategies.

ORGANISING (P O L C) Managers receive information on the physical resources necessary to achieve their plans. Finance officers prepare budgets and allocate the required resources for the new startegy.

LEADING (P O L C) A complex task of directing and coordinating the business. Day to day tasks. Individual objectives. Successful leaders motivate employees Successful leaders help employees reach their potential.

LEADING (P O L C) Note the different management styles and understand how they work Autocratic Persuasive Consultative Participative Laissez-faire

LEADING (P O L C) The individual who leads an organisation can have a tremendous impact on the valuation of shares, future trends in share price and employee morale. In many ways, the success of a corporation depends on the individual who is the leader either the CEO, Chairman of the Board or the managing Director. Read from management journals

CONTROLLING (P O L C) Managers allocate tasks then ensure that resources, tasks and time are all use effectively. ILUKA and Hopetoun Terminal. ILUKA - careful checking and monitoring to ensure a schedule is adhered to within reason. The rain events of this last summer would be hard to allow for in any plan. However, successful managers would still be able to control the project with minimum delays.

CONTROLLING (P O L C) A manager that is good at controlling often measures events against standards. Indicators may be used. ILUKA - Product moved through the Hopetoun depot 2012, 2013 etc ILUKA - savings in transport costs with Kalari (Those orange Trucks!) as a result of the Hopetoun depot 2011, 2012 etc

CONTROLLING (P O L C) Human resources (shortage of skilled labour in WA has lead to shortages here in Vic especially earthmoving, mining and trades. Managers need to know this. Financial resources - budgets, interest rates and working with financial managers. Materials - no tyres for 50 ton and over haul dump trucks. Shortages due to the mining boom. Now Japan is restricted, managers expect shortages there.

CONTROLLING (P O L C) Performance standards for company depts. Feedback - open door policy of some managers or closed door policy. Feedback - depends on the culture and management styles in the organisation.

P O L C Planning Organising Leading Controlling Know these, how they work both independently and together. There will be a question on the final examination about this management role.

POLICIES High level statements or guidelines that embrace the strategic direction of the organisation. Written Internal Factors - changes to policies reflect circumstances. External factors - changes to amend policies affected by govt legislation changes.

POLICIES To carry out policies, organisations use procedures (usually written) to implement them. Example: ILUKA - short term incentive plan p9 annual report and p12 retention plan.

What now… The SAC will be held on either: 21st or 22nd March (during a single session) You should be working on: Completing all the set revision questions for chapter 2 Undertaking revision from the sample sac that has been posted on wordpress Extension material - Undertake the sample assessment task on page 61 of your text.