Effective organizational functions make the building blocks of an efficient organization. Different organizations develop different approaches for organizational functioning in order to protect the interests of various stakeholders, while leaving managers enough freedom to take managerial decisions and actions.
The effectiveness of organizational functions depends on decision-making and on the execution of decisions. Controller or senior financial officer of the organization plays major roles in planning and managing different organizational functions. Their capabilities and efficiency is often reflected in the organizational efficiency.
Organizational functions that are based on the principle of profitability for all of organization's stakeholders assure the most effective behavior of enterprises. With the evolution of modern organizational management practices, the owners and different stakeholders of the organization hire professional managers to manage organizational functions. This helps in development and optimal exploits of organizational functions. These professional controller or senior financial officers strive for most efficient coordination between various organizational functions.
Planning and budgeting are essential components of any effective and efficient organizational function. ...
, though run in congruence of planning process, should not interfere with planning process in the same way planning process should also take care of budgeting and should not pursue unrealistic visions without any consideration of economic feasibility. It has been pointed out by various studies on relationship between strategic planning and budgeting that a better strategic planning results in reduced budgeting constrains and more efficient organization and in turn a reduced budgeting constrain and efficient organization results in better strategic planning.
The budgeting process should always involve organization's strategic and operational plans. Budgeting in organizations should match the organization's vision and goals. It should facilitate the planning process to enhance operational efficiency of organization. At the same time planning process involves the consideration of budgeting. Planning process should not conflict with budgeting; however, it should follow the budgetary constraints. A right kind of balance is always required between these processes for efficient and smooth running of business.
Strategic planners assert that strategic planning is essential for financial health of any organization (Steiner, 1979; Thompson & Strickland, 1987). Strategic planning to set and achieve targets for an organization require cost or budget. Budget requirements generally increase as the planning process move up on organizational ladder. An optimal organizational planning within budgeting constraints is required from controller or senior financial officers. Owners and various stake holders judge the efficiency of these professionals on the ground of better planning and budgeting ratios.
Use of technology including financial and management information systems in your
Managing various organizational operations for an efficient organization is complex set of process in today's dynamic economic environment. This paper analyzes the effectiveness of various organizational functions that involve the controller or senior financial officer of the organization and discusses various operational issues faced by organizations…
The bed capacity of St. Luke’s Hospital is around 550 beds and number of patients discharged by the emergency department of the hospital remains around 55,000 per annum, which makes the hospital the largest in the whole area (Henry, 2011). Being the largest hospital in Cedar Rapids IOWA among the two St.
It should be noted however, that analysis of a specific Starbucks outlet, such as Indiana Commons would still be patterned and sourced from the entire corporation since all policies, regulations, trainings and compliance and conformity to mission, vision, and values are adhered to using the same standards.
The author states that the organizational change is interpreted in a number of ways is a well-known fact. Much has been written and said about the various perspectives on organizational change and change management. The organizational change process is extremely complex. Generally, organizations apply to change.
Currently Amazon.com Inc has its operations revolving around online retail in North America and internationally through North America and International business segments. Finance.yahoo.com (2013) reveals that amazon.com Inc. operates under numerous retail websites like amazon.com and amazon.ca that comprises of commodities and material acquired from vendors and intended for resale as well as commodities obtained from agent sellers (Reuters, 2013).
Well, the history of research on personality theories is no less than 100 years old and above lines are very much pertinent to present course of discussion. Foucault (1972) interchangeable used the term personality and power in order to state their dependency on external instigators such as political ideology, demographic orientation, family heritage, cultural orientation etc.
To meet these challenges, managers require cooperation from individual employees and their work groups who often resist change. So, for an effective management of organizations, an in-depth study of the behaviour of individuals within workgroups, including an analysis of the nature of workgroups is required.
rganization, a complete overview of action plans for regaining employees’ trust; and related principles of management and organizational practice are discussed. It was seen that workers in several companies were facing the same problem.
According to Sylvia Ascarelli1:
Theories included in the critical analysis included Organizational Cultural Theory, comparison of different definitions of organizational culture, identification of commonalities, differences, as well as ambiguities in organizational cultural theories and
Their output should exceed that of the total of the individual members’ output. Even when people are less willing and enthusiastic to cooperate in working together, they may involuntarily offend or even confuse each other due to their distinguished ways of
8 pages (2000 words)Essay
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