Manager in a Big Corporation Essay Example | Topics and Well Written Essays - 2750 words

Manager in a Big Corporation - Essay Example The product of Nestle mostly contains baby food, packed water, cereals, coffee confectionary, dairy products and snacks. It is considered that the company has 28 brands under its umbrella that includes well-known brands like Nescafe, Kit Kat, Smarties, Nesquik, and Maggi among others (Kowitt, 2010). It has also been viewed that the company nearby has 450 manufacturing plants that operates in more than 86 countries globally providing employment opportunities to more than 328,000 people. Nestle holds around 24.5% share of L’Oreal Group which is considered to be the world’s largest cosmetic group (Mulier, 2011). It is worth mentioning that Google have announced that it would name the next android after the ever popular chocolate wafer of nestle i.e. Kit Kat. However, over the year the company has been under varies controversies that have affected the brand image to a great extent (Kelion, 2013). Problem Definition Despite Nestle’s best effort to design, manufacture and sell safe and reliable products there stills remains probabilities that the product manufactured may contain dangerous and defective aspect and that may reach the consumer or the final customer. Correspondingly, there have been several instances when the company has to recall its products causing financial loss and hampering the goodwill of the company. Notably, a product recall is a situation or recall made by a company to return a batch or an entire production made of a particular product range usually resulting from the discovery of safety issues or a product defect (Foerster & et al., 2011). Product recall is usually a way of decreasing the liability resulting from... This paper stresses that unique liability challenges co-exist for every organization despite of conducting business in sales, manufacturing or distribution of products to the final customers. It is vital for every organization to provide the best quality product to their customers. In certain cases, it has been viewed that lack of proper operational aspects results in certain activities which sometimes affects the organizations brand image. Among all product recall is considered to one such corporate situation that could disturb a manager. The major reason behind product recall is considered to be resulting from lack of proper guidance and poor working condition. Additionally, it is believed that good knowledge of the standard packaging measures also leads in product recall by a company. This report makes a conclusion that in today’s corporate world Product recall is considered to be more prevalent that it was decades ago and has therefore become an inevitable part of business. In this competitive business world the issue of product recall plays a vital role as it not only helps in maintaining the leading position amid its customers but also helps in understanding the role and responsibility of an organization towards the society. With reference to the above discussion and finding obtained from the research conducted, it can be stated that adaption of modern technological aspects would serve as an effective way of mitigating the issues contributing towards the product defects and thereby reducing the challenges of product recall.

Budgetary planning and control and the evaluation of performance Essay

Budgetary planning and control and the evaluation of performance - Essay Example It represents a plan for the future expressed in formal, measurable terms. (Botner, Stanley, 1991). To be helpful, a budget must be prepared in sufficient detail to inform all levels of management of the exact expectations. It is not sufficient to establish a personnel budget for an institution and limit the detail to a statement of the overall number of employees. This serves no purpose except, perhaps, as part of a summary. Rather, a personnel budget should detail the quantities and types of full-time equivalents by department or cost center, perhaps by shift or by workstation. It should detail the salaries to be paid and the components, including routine, overtime, shift pay, cost of living or merit increases, and so on. All positions -- vacant and otherwise -- should be included in the budget. To assemble the quantity of data necessary to support a detailed plan, a matrix organization of rows and columns is essential. The matrix allows a significant amount of information to be displayed in an orderly manner and a limited amount of space. If organized properly, interrelationshi ps can easily be seen, the data can be viewed and understood quickly, and the chance of arithmetic error can be reduced or eliminated. Figures 1-1 and 1-2 display two such matrix-style worksheets for a nursing department's personnel budget in computer spreadsheet form. One other advantage of a matrix-style worksheet is that it can help guard against errors of omission by specifying certain data to be collected in a particular set of columns or rows. Rather than calculate a salary budget and mistakenly omit "charge pay" or other premium payments, the worksheet can be set up in advance and require that information about these premiums be included for use in the calculations. In order to minimize the chance of leaving something out, it is best to set up budget spreadsheets well in advance of the actual budget preparation schedule and carefully consider actual data requirements. Remember that because computer spreadsheets can hold so much data, it is better to err on the side of collecting too much, rather than too little, data. (Klay, Earle, 2003) Personnel resources that pose a particular problem in terms of recruitment and/or retention can also be dealt with in the budget by inclusion of a recruitment plan, a budgetary emphasis on human resource development and training, or Figure 1-1 XYZ Memorial Hospital Nursing Budget -- Salaries, Fiscal Year 19XX Personnel 2 2 3 3 4 Class North South North South North Total Head Nurse Charge Nurse Clinical Specialist RN - II RN - I LPN Nursing Aide Unit clerk Total This matrix organization allows the salary data for five nursing units to be aggregated and displayed in such a way that the dollar amounts by type for each nursing unit can be compared easily with those for the other four units. The dollar values are added both down and across; and since the total from the rows must equal the total from the columns, the chance of arithmetic error is reduced or eliminated. Figure 1-2 XYZ Memorial Hospital Nursing Budget-FTEs and Salaries, Fiscal