Question

In: Accounting

(b) Assuming the organisation that you are working for uses the systems approach to management, describe...

(b) Assuming the organisation that you are working for uses the systems approach to management, describe how this approach is practiced in your organisation. (10marks)

Solutions

Expert Solution

ANSWER:

(b)The System approach to management considers the organization a system consisting of dynamic and inter-related parts which act in an external environment in a synchronized manner for the organization to function properly

According to the approach each part of the organization represents a part, department or a sub-department, which can be further divided into sub-systems

Each part continuously and effectively interacts with the complete system as a group of sub-systems and integrates the goals of different department and sub-departments of the organization with the overall goals of the organization’s growth, development and profitability, along with integrating the goals of the organization with the goals of the environment or society in which it operates. Integration of the goals of each sub part maintains balance or equilibrium and enables the organization to develop in a dynamic environment.

The approach accumulates the knowledge from different and diverse fields of study such as economics, management, financial planning and strategy etc. As the organization interacts with different components of the society, the system facilitates optimum utilization of different fields of knowledge to improve interaction among its sub-parts.

The Systems approach impacts the future of the organization by enabling the organization to constantly interact with respond to any changes in the internal and external environmental factors; it facilitates the organization to frame programs, policies and procedures that promote business objectives in sync with social and environmental objectives.


Related Solutions

(a) Using a diagram explain the systems approach to management. (15 marks). (b) Assuming the organisation...
(a) Using a diagram explain the systems approach to management. . (b) Assuming the organisation that you are working for uses the systems approach to management, describe how this approach is practiced in your organisation. (10marks)
discuss the salient working capital management strategies in an organisation of your choice,
discuss the salient working capital management strategies in an organisation of your choice,
Company A uses a heavily participative budgeting approach whereas at Company B, top management develops all...
Company A uses a heavily participative budgeting approach whereas at Company B, top management develops all budgets and imposes them on lower-level personnel. Which of the following statements is false? A. A's employees will likely be more motivated to achieve budgetary goals than the employees of Company B. B. B's employees may be somewhat disenchanted because although they will be evaluated against a budget, they really had little say in budget development. C. Budget padding will likely be a greater...
Suppose you are working on a project of an organisation. As a stakeholder of the project,...
Suppose you are working on a project of an organisation. As a stakeholder of the project, you feel that the project needs some changes/revisions. The changes/revisions could be but are not limited to A. The budget B. Schedule C. Quality measures D. Scope E. Availability of resources (both materials and manpower) Based on these facts, your writing should cover the following key points but are not limited to: A. Identify and overview a detailed description of the proposed changes (the...
Define and describe the EOQ approach to inventory management.
Define and describe the EOQ approach to inventory management.
Describe the levels of structural organisation of body systems from the cellular to the Organisational Level.
Describe the levels of structural organisation of body systems from the cellular to the Organisational Level.
1. Describe the principles of accounting and financial systems as they apply to your organisation. 2....
1. Describe the principles of accounting and financial systems as they apply to your organisation. 2. Explain Fijian, international and/or local legislation that is relevant to financial management in your organization. 3. Outline the Fijian Tax Office requirements, including Value Added Tax, company income tax, Payroll tax and superannuation obligations, as they apply to your organisation. Include the due dates for the lodgment and payment of obligations in your response. 4. What legislation applies to fraud and the misappropriation of...
Course: Project Management. Textbook Project Management: A Systems Approach to Planning, Scheduling, and Controlling – 12th...
Course: Project Management. Textbook Project Management: A Systems Approach to Planning, Scheduling, and Controlling – 12th Ed. Publisher: John Wiley & Sons; ISBN: 9781119165354. 2) As a project manager, you have the responsibility of selecting a viable project for the company out of many suggestions from multiple sources. Financially, what tools are available to you to select a specific project? (Discussion should include payback and rate-of-return calculations, at a minimum)
Using information systems effectively requires an understanding of the three dimensions namely, organisation, management and technology...
Using information systems effectively requires an understanding of the three dimensions namely, organisation, management and technology that are responsible for shaping the information system. Provide clarity on the three dimensions of an informatoin system. 20 Marks
Examine how the concept of Ethics is treated in the organisation you are working or one...
Examine how the concept of Ethics is treated in the organisation you are working or one to which you are familiar. Discuss and support with examples ethical issues arising in at least three functional areas of the organisation
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT