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Audit
Agrippina 1206247114
Adzhani Prabaningrum 1206220895
Edella Pramanda 1206266246
Maria Y. G. Jacoub 1206254025
Ni Nyoman Pita P. 1206266145
R.R Livia Wildasiwi W. 1206267091
Management
Management
in
businesses
and
organizations
is
the
function
that
coordinates the efforts of people to
accomplish goals and objectives by using
available
resources
efficiently
and
effectively.
The functions of management consist
of
five
basic
activities:
planning,
organizing, motivating, staffing, and
controlling.
Planning
Planning consists of all those managerial
activities related to preparing for the
future. Specific tasks include forecasting,
establishing
objectives,
devising
strategies,
developing
policies,
and
setting goals.
An organization can develop synergy
through planning. Synergy exists when
everyone pulls together as a team that
knows what it wants to achieve; synergy
is the 2 + 2 = 5 effect. By establishing
and communicating clear objectives,
employees and managers can work
together toward desired results.
Organizing
Definition:
determining who
does what and who
reports to whom
The purpose: to
achieve
coordinated effort
by defining task
and authority
relationships
Organizing
Functions:
breaking down
tasks into jobs
(work
specialization)
combining jobs to
form departments
(departmentalizatio
n)
delegating authority
Staffing
Motivating
Definition: the process of
influencing people to
accomplish specific
objectives
Group dynamic
Communication good
two-way communication is
vital for gaining support for
departmental and divisional
objectives and policies
What managers should
be able to do: get people
to commit themselves to
the business
empowerment.
HRM is particularly
challenging for international
companies.
for example:
the inability of family members of
employee to adapt to new
surroundings (a problem for an
overseas transfer)
Controlling
To ensure that actual operations conform
to planned operations.
Four basic steps:
1.Establishing performance standards
2.Measuring individual and organizational
performance
3.Comparing actual performance to
planned performance standards
4.Taking corrective actions
Marketing
Marketing can be described as the process of
defining, anticipating, creating, and fulfilling
customers needs and wants for products and
services.
(1) customer analysis
(2) selling products and services
(3) product and service planning
(4) pricing
(5) distribution
(6) marketing research
(7) cost/benefit analysis
Customer Analysis
the examination and evaluation of
consumer needs, desires, and wants
involves
- administering customer surveys
- analyzing consumer information
- evaluating market positioning strategies
- developing customer profiles
- determining optimal market
segmentation strategies
Pricing
Five major stakeholders affect pricing decisions:
consumers, governments, suppliers, distributors,
and competitors.
Example : Governments can impose
constraints on price fixing, price discrimination,
minimum prices, unit pricing, price advertising,
and price controls.
Strategists should view price from both a shortrun and a long-run perspective because
competitors can copy price changes with
relative ease.
Distribution
Most Producers today do not sell their goods directly to
consumers. So, Many marketing entities act as intermediaries.
Important when a firm is striving to implement a market
development or forward integration strategy.
Activities :
Warehousing
Distribution Channel
Distribution Coverage
Retail site locations
Sales territories
Inventory levels and location
Transportation Carriers
Wholesaling
Retailing
Investment decision
Financing decision
Dividend decision
Investment decision
Financing decision
> determines the best capital structure for the firm and includes
examining various methods by which the firm can raise capital. The
financing decision must consider both short-term and long-term
needs for working capital.
Two key financial ratios that indicate whether a firms financing decisions have
been effective are the
debt-to-equity
ratio
debt-to-total-assets
ratio.
Dividend decision
ratio
dividends-per-share
the
ratio
price-earnings ratio.
Breakeven Analysis
TR = TC
Whereisthefirmfinanciallystrongandweakasindicatedbyfinancial
ratioanalyses?
Canthefirmraiseneededshorttermcapital?
Canthefirmraiseneededlongtermcapitalthroughdebtorequity?
Doesthefirmhavesufficientworkingcapital?
Arecapitalbudgetingprocedureseffective?
Aredividendpayoutpoliciesreasonable?
Doesthefirmhavegoodrelationswithitsinvestorsandstockholders?
Arethefirmsfinancialmanagersexperiencedandwelltrained?
Isthefirmsdebtsituationexcellent?
CAPACITY
Utilization
PRODUCTION
/OPERATION
Function
and
policies
and
procedures
Prologue
Preferences
Purpose of R&D in
Organizations
effective?
MANAGEMENT
INFORMATION SYSTEM
Purpose: improve performance of an
enterprise by improving the quality
of managerial decisions
How: by gathering raw data from
both external and internal evaluation
of an organization. The data are
integrated in ways needed to support
managerial decision making.
MANAGEMENT
INFORMATION SYSTEM
Flow: data input are transformed to be
output. Data becomes information only
when it is evaluated, filtered, condensed,
analyzed, and organized for a specific
purpose, individual or time.
Audit: information ties all business
functions together and provide basis for
all managerial decisions. Assessing
internal strength and weakness is a
critical dimension in internal audit.
MANAGEMENT
INFORMATION SYSTEMS
AUDIT
Considerations in VCA
Substantial judgement whether an
item may impact another item
positively or negatively
The existence of cost and price
differences along rival firms
Competitive cost strengths and
weaknesses that may yield
competitive advantage or
disadvantage
Why VCA ?
All firms should use VCA to develop a core
competence and convert this competence
into a distinctive competence.
A core competence is a VCA that a firm
performs especially well.
Benchmarking
Is an analytical tool used to
determine whether a firms VCA are
competitive compared to rivals and
thus conducive to winning in the
marketplace
To determine best practice
Enables a firm to take action to
improve its competitiveness
Typical Sources of
Benchmarking Information
Published reports
Trade publications
Supplier
Distributors
Customers
Partners
Creditors
Shareholders
Lobbyists
Willing rival firms
+
5 Tahap IFE Matrix