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4 years ago

What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager?

Business

1 answer:

alisha [4.7K]4 years ago

3 0

Explanation:

Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.

Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.

Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.

For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.

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In the development of a marketing plan, blending the marketing mix would not generally involve:_____.

KATRIN_1 [288]

In the improvement of an advertising plan, blending the advertising mix might now not generally involve. "Predicting destiny behavior" isn't part of the technique.

An advertising plan is the advertising strategy that a commercial enterprise will implement to promote its products or services. The advertising and marketing plan will help decide who the target marketplace is, how pleasant to attain them, at what rate factor the service or product ought to be sold, and how the enterprise will measure its efforts.

AN instance OF A advertising PLAN. based on an evaluation of the watch marketplace and our strengths, well-known will introduce the Spree watch. half of the shoppers of branded style watches are between 18 and 34 years of age. This group, which purchases extra watches in line with capita than those older, is our primary market phase.

Knowing your target purchaser, taking an incorporated method in your campaigns, understanding and speaking your USP, focusing on your patron's troubles and particularly, committing.

Learn more about advertising plan here: brainly.com/question/9027729

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3 0

2 years ago

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000

zvonat [6]

Answer:

Total value of beginning WIP: 62,205.61

Explanation:

"first-in, first-out method of inventory costing is used"

From the current cost assing for the beginning WIP we will add the cost added to end this units.

Equivalent units conversion cost:

complete units: 11,000

work on beginning WIP inventory: 3,600 x 25% = (900)

work on ending WIP invenotry: 3,000 x 20% = 600

Equivalent Units for Conversion Cost 10,700

Conversion cost per unit: 63,000 labor + 25,000 overhead

Total 88,000

Cost per equivalent units: 88,000 / 10,700 = 8,22429 = 8.2243

Beginning Inventory:

Beginning Cost: 40,000

Conversion Cost added:

3,600 x 75% x 8.2243 = 22.205,6075

Total value of beginning WIP: 62,205.61

4 0

4 years ago

Jim wants to buy a car, but he’ll probably only need it for a couple of years. He has a short commute to work, so he won’t be pu

anzhelika [568]

Walk, trolly (if in a city) Or cab, even a bicycle would do.

3 0

3 years ago

A university dean is interested in determining the proportion of students who receive some sort of financial aid. rather than ex

ella [17]

Answer: 0.59 Â± 0.081 = (0.671, 0.509)
Explanation:
The sample proportion, p = 118/200 = 0.59
The test statistic at 98% confidence interval is given by :
p + z*Sqrt(p(1-p)/n) ; p - z*Sqrt(p(1-p)/n)
z at 98% C.I. is 2.33
Therefore, 0.59 + 2.33 * sqrt(0.59*(1-0.59)/200) and 0.59 + 2.33 * sqrt(0.59*
(1-0.59)/200)
=0.59 + 0.081 and 0.59 - 0.081
=0.671, 0.509

5 0

4 years ago

Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the com

spin [16.1K]

Answer: 7.48%

Explanation:

Weighted Average Cost of capital is simply the weighted average of the costs of equity and debt.

Cost of Equity

= $\frac{Next dividend}{Stock Price ( 1 - flotation Costs)} + growth rate$

= $\frac{0.65}{19(1 -0.1)} + 0.06$

= 9.80%

Cost of debt

= Interest ( 1 - Tax)

= 0.075 (1 - 0.40)

= 4.65%

WACC = 9.80% * 0.55 + 4.65% * 0.45

= 7.48%

6 0

3 years ago