Mentoring a new management trainee

Assignment Help Finance Basics
Reference no: EM131872395

Learning Activity #1 - Theme 1

The article, The Balanced Scorecard, as well as this week's readings discusses the balanced scorecard.

Artemus Gordon is mentoring a new management trainee. The new trainee is unfamiliar with the balance scorecard and its use in the production department. Artemus says,

"The best tool a manager has is a balanced scorecard because...".

Finish the statement by explaining the purpose of a balance scorecard and how it functions. 

Then, compare the value of the SWOT tool to the value of the Balance Scorecard. Do you agree with Artemus that the Balance Scorecard has more value or are we comparing apples and oranges?

Learning Activity #2 - Theme 2

Traditionally, the managerial function of controlling is not to be confused with control in the behavior or in the manipulative sense. The control function does not imply that managers should attempt to control or to manipulate the personalities, values, attitudes, or emotions of his or her employees. Instead, this function of management concerns the manager's role in taking necessary actions to ensure that the work-related activities of employees are consistent with, and contribute toward the accomplishment of organizational and departmental objectives. 

Research the concept of the virtual organization. Then, explain how a manager can measure work that is performed when the employee may be 5,000 miles away? Be sure to consider the virtual and global organizations and how a manager would control and measure work from afar.

Reference no: EM131872395

Questions Cloud

Increase the survey reliability : What change would you make in a survey or in how a survey is administered in order to increase the survey's reliability?
Lean and agile strategies : Explain the differences and similarities between lean and agile strategies. What environments do each of these work best in?
Discuss the difference between a coop and bcp : Discuss the difference between a Continuity of Operations Plan (COOP), a Business Continuity Plan (BCP), and a Disaster Recovery Plan (DRP).
Discuss ways that water is used as an ecosystem service : Describe the various ways that water is used as an ecosystem service. How do these uses impact ecosystem function? Provide examples.
Mentoring a new management trainee : Artemus Gordon is mentoring a new management trainee. The new trainee is unfamiliar with the balance scorecard and its use in the production department
Interest rates should be based on the relative : Interest rates should be based on the relative _____ of the customer and in line with the _____ of the bank.
Compute kimm total standard cost per unit : Manufacturing overhead. Overhead is applied at a rate of $4.30 per direct labor hour. Compute Kimm's total standard cost per unit
Explain the difference between an ethical dilemma : Need a 300-500 word essay! Explain the difference between an ethical dilemma and an ethical lapse.
What is annual interest rate corresponds : What is annual interest rate corresponds to a nominal rate of 17.50% compounded continuously.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd