Running head: ASSIGNMENT 1 ADMN 232 Assignment 1 ADMN 232 Administrative Principles Athabasca University As Executive Vice President and Chief Financial Officer of Potash Corporation of Saskatchewan, the world’s largest producer of potash, Wayne Brownlee has endured more turbulent financial volatility with a calm and confident ease than many in his position would be capable of. One of the largest challenges of his position as a top manager in the organization is making things happen. He achieves this by increasing profitability through leadership (interpersonal role, leading function) and delegation (decisional resource allocator role, organizing function) to control and utilize the strengths of his entire financial …show more content…
PotashCorp has many primary and secondary stakeholders that have their voices heard as part of the company’s sustainability commitments. The primary group, which includes their customers, investors, and community leaders, are surveyed each year with a report of the results going to the board of directors. The secondary group includes the media and critics of commercial fertilizers in modern agriculture, many of whom are concerned about environmental and safety impacts. These stakeholders also comprise much of the specific environment. Great communication between Mr. Brownlee and the Corporate Relations department with the critics, customers, suppliers, and regulatory bodies are essential for success. In knowing the market and their competition, PotashCorp has positioned itself for the exponential growth in world food demand by reinvesting in their own company. Competitors’ desires for a new greenfield mine project are a big gamble. It would cost more than $2.8 billion dollars plus infrastructure costs in a tight credit market and take five to seven years to build. By proceeding with multi-billion dollar expansions of their existing facilities, Mr. Brownlee demonstrates conceptual skills and the planning function, enabling his company to meet this growth in the most cost-effective and efficient manner possible. PotashCorp and its employees follow a strong formal business culture and they both share
1. Explain the purpose of correctly receiving, checking and sorting mail and packages (both incoming and outgoing).
Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
To organize and prioritize the current and future projects in the pipeline in a way that fits into the PMB budget of $5B, and ensures projects that increase sales, growth, and stockholder value are of top priority, whereas projects that are not beneficial are either put on hold or discarded.
the case of a warning. It can be vital to make a person’s quality of life
The purpose of storing and retrieving required information is so you can readily retrieve it when it becomes required.
There are a number of guidelines and procedures in place to enable me to do my job not only to the best of my ability but in a professional manner. Whilst on the reception area, there are procedures that need to be followed relating to various aspects of the job including correct procedures to greet visitors, answer the telephone, dealing with incoming and outgoing mail, booking meeting rooms as well as many other procedures. All of the relevant procedures are kept in a file at the reception area where any member of reception staff can revise them as and when necessary.
The European Parliament handles decisions, which would affect the countries, which are members of the EU; these issues include the environment, equal opportunities, transport, consumer rights, movement of the workers and goods, etc. Currently there are 72 members of the UK that get directly elected to become part of
• The first thing you need to do is save a copy of this document, either onto your computer or a disk
By working together as a team towards a goal/ objective helps the team become stronger and more focused towards targets/aims. This is due to individuals being able to build personal confidence while working together and enables people to be more assertive in their strong areas. By supervising the team you can help build a confident and able workforce by learning their strong/weak points. When working towards goals or targets the most productive/efficient members or staff will be used according to expertise/confidence in the area. This will help achieve business objectives as everyone is working towards the same goals. This will improve business and
Please note that this Assessment document has 8 pages and is made up of 7 Sections.
A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of.
The organisation’s main aim is making a difference, as outlined in their Programme for and to make the Company t a “top performing organisation”. This mirrors my personal objectives to make myself a better worker. In order to achieve this I need to adhere to the Civil Service Competency Framework’s (2015) main aims of Setting Direction, Engaging People and Delivering Results.
It is in looking back that we can see the future; SANKOFA. This African symbol derived from the Akan Tribe in Ghana best describes my Administrative Philosophy. Translated, the word and the symbol mean, “it is not taboo to fetch what is at risk of being left behind.” (Carter G. Center for Education). Therefore, It is upon this strong belief that I stand unwavering in experiences, leadership, management style and values. Specifically, the genesis of my statement of administrative philosophy is derived from my gratitude to my elders and ancestors that paved the way for access to equal education. The impact of their courage and leadership has created a legacy that lives forever. At the center of my philosophy is the belief that it is my altruistic calling as well as duty to be a catalyst for student success. Academia is where I not only make a living but “Live my making!” Simply put, I am called to this profession and have a duty to serve unselfishly. To that end, as a theoretical underpinning of my practices, my preferred leadership style is servant and transformational leadership. Student Affairs is the department where my philosophy and leadership capacity can make the greatest impact.
P1 – Explain the effects of changes in the economic environment on a selected business.