Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
YT is the Finance Manager of SBM Magazine Publishing Company. He has recently had his appraisal and was expecting that he would get a excellent review, as he felt that he had met all of his targets for the year, though at a personal cost of working exceptionally long hours. YT was thus surprised when his line manager, RP, suggested to him that he was not using his staff effectively and should be delegating more work to his team. Whilst RP commented that YT had achieved the department's objectives, he suggested that delegating more would be mutually advantage to YT and his team as well as being in the long term interests of the company.
Explain the benefits of delegation from the point of view of YT, the Finance Manager, and also his team.
In discussing the advantages of delegation, it is first worth explaining what is meant by the concept of delegation. Essentially, delegation is the process of assigning tasks and granting authority for their accomplishment to others. It can only happen if YT has the authority to delegate in his role as Finance Manager.
Delegating work would contain YT giving his team members the authority to carry out particular aspects of his job. An significant aspect of delegating is that YT would give his staff the discretion to make decisions within a particular sphere of influence or carry out tasks; he would still, though, remain fully accountable for the decision or tasks undertaken by his staff. There are benefits of delegation for both YT and his team.
Consider a mortgage example to nance the purchase of a house or flat. You may use a real example or create a ctitious one. Search for dierent types of mortgages currently on oe
What is Rationale and behind profitability maximisation Rationale & behind profitability maximisation, as a guide to financial decision making, is simple. Profit is a test of e
Interest Rates The payment borrowers make for the use of the funds that they borrow and the payment that lenders demand for the use of the funds they lend (termed interest ) w
What is the investment opportunity schedule (IOS)? How does it help financial managers make business decisions? The investment opportunity schedule illustrates graphically pro
Floaters that can be classified under this head are: 1. Stepped Spread Floaters 2. Extendible Reset Bonds
Forms of Liquidity: Definition: Liquidity defines to how quickly and cheaply an asset will be converted into cash. Money (in the form of cash) is the most liquid asset. Assets
Briefly examine the significance of identification of investment opportunities in capital budgeting process
A firm has sales of $6,500, net income of $500, total assets of $12,000, and total equity of $700. Interest expense is $1000. What will be the common-size statement value of the in
What are the basic requirements for a successful JIT inventory control system? For a JIT system to be booming the supplier must be willing and capable to deliver materials instan
a) Marketing might be vital to an organisation such as WHSG for several reasons, including: • The need to be a focus for the right kind of students to the school (there are riva
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd