management game - created from Mind Map

Page 1

strategic management

is the art and science of proposing, developing and evaluating multidisciplinary decisions,

reaching the business goal, integrating management, marketing, finance, accounting,

production, research and development, and information systems, achieving organizational success.

financial funsion, markets and cups

Unit-1-Financial function, markets and interest rates

The financial function in companies is the exercise of optimizing the instruments that contribute both to the analysis, evaluation and measurement of financial and economic results as well as to the strategic processes, planning, leadership and evaluation of activities. To fulfill these functions, financial executives develop in companies, among others, investment activities, financing, planning, budgeting, distribution of resources, measurement and control, and interaction with other areas and with the capital market.

Uni-2 competitive strategy

unit-3 management skills

Ability is defined as “the ability and willingness to do something skillfully”

hard skills

soft skills

The so-called “hard skills” are of a technical nature and are basic elements that do not generate greater differentiation, nor do they add value. On the contrary, "soft skills" are what today make the real difference between one professional and another. They are, in turn, the ones that really add value to an organization.

decision making in an organization

effectiveness in decision making

efficacy can be understood —initially— as the capacity of an action alternative to produce the satisfaction sought by the agent; that is, the degree to which an alternative solves the problem!

Methodology for making decisions

The purpose of this section is to collect and analyze some of the formal principles that have been proposed in the context of Decision Theory, in order to establish such a methodology.

decision structure

One of the fundamental contributions of the decision model as it is proposed in the “formal” theory is that it helps to deal with decision problems with some rigor; and, above all, it helps to make them explicit. Thus, these are presented as a situation composed of two or more alternatives or courses of action. In turn, an alternative has a structure composed of three types of elements.

short term decision making

They allow you to sustain operations and possible unforeseen events, but also to keep your excess liquidity invested, generating greater profitability

- liquidity diagnosis -liquidity indicators -cash management -cash and cash equivalents

Need for strategic finance

Strategic finance provides the conceptual framework and instruments to quantify and qualify value

strategies and tactics

1-effective business desires

2-enter finances with other areas

3-The financial executive must leave behind the academic specialization in one area and broaden his horizon towards others

4-fulfillment of the financial function

Benchmarking

Benchmarking today has become a very important tool for companies, which aims to improve processes and their excellence

It has been observed that many organizations are unaware of its usefulness for identifying their own shortcomings, which prevents them from learning from the competition and therefore adopting techniques that help the company to improve itself and optimize the resources it has

balanced scorecard as a business management efficiency tool

pply an adequate management system

eventually translates into a reduction in

costs and improvement of the margins associated with the

activity, increased market share and satisfaction

the client's

The Balanced Scorecard

“The Picture of

Mando Integral was born as a management tool with

the basic objective of being able to diagnose a situation

and to carry out its permanent monitoring. Is a

methodology to organize information and increase

the value"

COACHING

a process of individual training through communication. It is about walking the path that unites the current situation of an individual with his desired goal.

To give a brief and concise definition, coaching is a professional service that consists of helping people to define clear goals and establish a specific time frame to achieve them

managerial skills

skills based on tasks and based on the distinctive features of the exceptional worker. .

competencies are critical or key behaviors: “knowledge, attitudes, skills, abilities, values, behaviors and, in general, personal attributes

skills classes

labor competition

scientific competence

citizen competencies

BASIC COMPETENCIES

They are the intellectual capacities essential for learning a profession; These include cognitive, technical and methodological skills, many of which are acquired in previous educational levels, for example the proper use of oral, written and mathematical languages.

GENERIC COMPETENCES AND SPECIFIC COMPETENCES

Generic competences They are the common basis of the profession and refer to the specific situations of professional practice that require complex responses

Specific competences They are the particular basis of professional practice and are subject to specific conditions of execution