The Boston Consulting Group Matrix BCG Matrix can be used to analyze the different products being sold by the company in terms of their market share, sales generated on an annual basis and the potential for growth.
Fayol presented work specialization as the best way to use the human resources of the organization. The concepts of Authority and responsibility are closely related.
Authority was defined by Fayol as the right to give orders and the power to exact obedience. Responsibility involves being accountable, and is therefore naturally associated with authority.
Whoever assumes authority also assumes responsibility. A successful organization requires the common effort of workers. Penalties should be applied judiciously to encourage this common effort.
Workers should receive orders from only one manager. The entire organization should be moving towards a common objective in a common direction. The interests of one person should not take priority over the interests of the organization as a whole.
Fayol defined centralization as lowering the importance of the subordinate role. Decentralization is increasing the importance.
The degree to which centralization or decentralization should be adopted depends on the specific organization in which the manager is working. Managers in hierarchies are part of a chain like authority scale.
Each manager, from the first line supervisor to the president, possess certain amounts of authority. The President possesses the most authority; the first line supervisor the least.
Lower level managers should always keep upper level managers informed of their work activities. The existence of a scalar chain and adherence to it are necessary if the organization is to be successful. For the sake of efficiency and coordination, all materials and people related to a specific kind of work should be treated as equally as possible.
All employees should be treated as equally as possible. Retaining productive employees should always be a high priority of management. Recruitment and Selection Costs, as well as increased product-reject rates are usually associated with hiring new workers.
Management should take steps to encourage worker initiative, which is defined as new or additional work activity undertaken through self direction.Download-Theses Mercredi 10 juin The SWOT Analysis evaluates the strengths, weaknesses, opportunities, and threats involved in a business or project.
The SWOT analysis is essential to understanding the different risk and rewards of any investment or project. Use the middle section to find one.
Micro Factors Affecting Coca Cola; TOWS Analysis of Coca Cola; Critical Success Factors of Coca Cola; TOWS Analysis of Coca Cola. Advertisements. Share this: Twitter; Facebook; Google; Like this: Like Loading Leave a Reply Cancel reply.
Enter your comment here Fill in . Oct 17, · TOWS Matrix for Coca-Cola. This week our group used last week’s research of the Macro and Micro factors to put together a TOWS Matrix of Coca-Cola. A swot analysis of Nike for - check out the brand's strengths, weaknesses, opportunities and threats.
Nike has focused on product innovation and marketing for growth. The company generates about 75% of its revenues from the US, Germany and the UK. The company recorded revenues of $8, million during the financial year ended December , an increase of % over