You have just been hired as the new head of an audit team for a national accounting fi rm. With four years of experience, you feel technically well prepared for the assignment. However, this is your first formal appointment as a "manager." Things are complicated at the moment. The team has12 members of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high levels of auditing performance?

You have just been hired as the new head of an audit team for a national accounting fi rm. With four years of experience, you feel technically well prepared for the assignment. However, this is your first formal appointment as a "manager." Things are complicated at the moment. The team has12 members of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high levels of auditing performance?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Mangement Staffing is a critical component of any organization's success. It involves the process of identifying, recruiting, and placing the right individuals in the right positions to achieve the company's goals and objectives. Effective staffing ensures that a company has the necessary talent and skills to carry out its operations efficiently and adapt to changing market demands. It's not just about filling job openings, but about finding the best fit for both the organization and the individual. Question: How can organizations ensure that their staffing process aligns with their long- term strategic goals and fosters a culture of diversity and inclusion?
Which of the following describes the general manager’s decision to ensure employees are trained and ready to move up in the organization? Question 2 options: a) Job specification b) Employment agreement c) At will employment d) Succession planning
Staffing is a critical component of any organization's success. It involves the process of identifying, recruiting, and placing the right individuals in the right positions to achieve the company's goals and objectives. Effective staffing ensures that a company has the necessary talent and skills to carry out its operations efficiently and adapt to changing market demands. It's not just about filling job openings, but about finding the best fit for both the organization and the individual. Question: How can organizations ensure that their staffing process aligns with their long- term strategic goals and fosters a culture of diversity and inclusion?
Requirement Forum 1: Introduce yourself, identifying your Management Level, your Functional Area and your proposed Company Structure For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department. For example: Operational Manager, IT, investigating Direct Trading Platforms. Kindly note that I have chosen to be the the Strategic Manager, Market Operations - (Marketing) investigating Trading Platforms. Forum 2: Discuss your business structure 1. From the perspective of your department and management level, describe your business structure. I have chosen Trading Platform Structure 1. Suggest THREE contributing factors that may make yours the preferred structure. 2. Request information from THREE other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of…
Requirement Forum 1: Introduce yourself, identifying your Management Level, your Functional Area and your proposed Company Structure For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department. For example: Operational Manager, IT, investigating Direct Trading Platforms. Kindly note that I have chosen to be the the Strategic Manager, Market Operations - (Marketing) investigating Trading Platforms. Forum 2: Discuss your business structure 1. From the perspective of your department and management level, describe your business structure. I have chosen Trading Platform Structure 2. Thoroughly discuss THREE contributing factors that may make yours the preferred structure. 3. Request information from THREE other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types…
Investing in employee training and development is a strategic approach that contributes to both individual growth and organizational success. Managers play a crucial role in identifying skill gaps, providing opportunities for training, and supporting the continuous learning of their teams. By aligning training programs with organizational goals, managers can enhance the skills and capabilities of their workforce, leading to improved performance and adaptability in a rapidly changing business landscape. Question: How can managers design and implement effective training and development programs that not only address current skill needs but also prepare employees for future challenges and opportunities in the ever-evolving business environment?
Topic: As we have read from the text, competency modeling is a process for identifying KSA's and other attributes that are critical for creating success in and for an organization. Competencies are attributes that separate average from excellent performers. Assume that you have been requested by Whole Foods to build a competency model for one group of jobs – customer service associates. We know that customer service associate's jobs tend to be similar across organizations in the retail industry. However, Whole Foods stores seek to distinguish themselves from competitors on the basis of the competencies of their customer service associates. The website below has a tool that can help you develop a competency model for Whole Foods customer service associates from a generic model for the retail industry. Please visit the website and build a model up to Tier 4 – Industry-Wide Competencies. You will have to create an account. You should be able to download a word version of your…
Question 49 Why is a bottom-up approach for compensation budgeting favoured by the textbook author? O it supports the strategic pay notion it ensures strategy fits with other strategic aspects of the organization O it is more compatible with new human resource information systems O for its simplicity
What is the definition of management? Question 2 options: a group of individuals who work together towards a common goal or to accomplish some specific purpose the process that includes motivating subordinates, directing others, selecting the most effective communication channels and resolving conflicts. the process of administering and coordinating resources effectively, efficiently and to achieve the goals of the organisation.
"Part A" The corporate disclosure practice will help all the stakeholders to understand and measure business operation. Annual financial statement and particularly income statement is one of the most important ones. However, a company's reported profits will be impacted by different factors, including when particular transactions and events are recognised and how such transactions and events are measured. Requirement:1) Using earning management concept, discuss why the timing of recognising events that impact income, revenue or profit or expenses are important for managers?
a) Assume you are the new global manager for Continental Cruise Ltd, which sails to popular European and Asian cities. You receive the quarterly profit and loss statement reports and notice that it is similar to the financial performance reports for external users. Required: i. What additional information would you require?
book name : contemporary management BE the manager(LO9-1 , 9-3 ,9-4 ,9-5) How to build flat screen displays You are the top manager of a start-up company that will produce innovative new flatscreen displays for pc makers like apple and hp . the flat screen display market is highly competitive , so there is considerable pressure to reduce costs .also,pc makers are demanding ever-higher quality and better features to please customers. in addition , they demand that delivery of your product meet theirs production schedule needs . Functional managers want . your advice on how to best meet these requirements, especially because they are in the process of recruiting new workers and building a production facility. Questions 1.what kind of techniques discussed in the chapter can help your functional managers to increase efficiency? 2.in what ways can these managers develop a program to increase quality and innovation? 3.waht critical lessons do these managers need to learn about value…