Wall Street Review: Economic Outlook and Financial Investments Research

Online Management Courses

Online Courses, distance education or distance learning, is a field of education that focuses on teaching methods and technology with the aim of delivering teaching, often on an individual basis, to students who are not physically present in a traditional educational setting such as a classroom. It has been described as "a process to create and provide access to learning when the source of information and the learners are separated by time and distance, or both "Distance education courses that require a physical on-site presence for any reason (including taking examinations) have been referred to as hybrid or blended courses of study.

The types of available technologies used in distance education are divided into two groups: synchronous and asynchronous.

Synchronous technology is a mode of delivery where all participants are "present" at the same time. It resembles traditional classroom teaching methods despite the participants being located remotely. It requires a timetable to be organized. Web conferencing and videoconferencing are examples of synchronous technology, as are direct-broadcast satellite, internet radio, live streaming, telephone, and web-based VoIP.

The asynchronous mode of delivery is where participants access course materials on their own schedule and so is more flexible. Students are not required to be together at the same time. Mail correspondence, which is the oldest form of distance education, is an asynchronous delivery technology and others include message board forums, e-mail, video and audio recordings, print materials, voicemail and fax.

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Because organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others.

Basic Functions

Management operates through various functions, often classified as planning, organizing, staffing, leading/directing, and controlling/monitoring.i.e

Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next 5 years, etc.) and generating plans for action.
Organizing: (Implementation) making optimum use of the resources required to enable the successful carrying out of plans.
Staffing: Job Analyzing, recruitment, and hiring individuals for appropriate jobs.
Leading/Directing: Determining what needs to be done in a situation and getting people to do it.
Controlling/Monitoring: Checking progress against plans.
Motivation : Motivation is also a kind of basic function of management, because without motivation, employees cannot work effectively. If motivation doesn't take place in an organization, then employees may not contribute to the other functions (which are usually set by top level management).

Levels of Management

In organizations, there are generally three different levels of managers: first-level managers, middle-level managers, and top-level managers. These levels of managers are classified in a hierarchy of importance and authority, and are also arranged by the different types of management tasks that each role does. In many organizations, the number of managers in every level resembles a pyramid, in which the first-level has many more managers than middle-level and top-level mangers, respectively. Each management level is explained below in specifications of their different responsibilities and likely job titles.

Top-Level Managers: typically consist of Board of Directors, President, Vice President, Chief Executive Officers etc. These individuals are mainly responsible for controlling and overseeing all the departments in the organization. They develop goals, strategic plans, and policies for the company, as well as make many decisions on the direction of the business. In addition, top-level managers play a significant role in the mobilization of outside resources and are for the most part responsible for the shareholders and general public. Top-level managers typically consist of Board of Directors, President, Vice President, Chief Executive Officers etc.

Middle-Level Managers: typically consist of General Managers, Branch Managers, Department Managers, etc. These individuals are mainly responsible to the top management for the functioning of their department. They devote more time to organizational and directional functions. Their roles can be emphasized as executing plans of the organization in conformance with the company's policies and the objectives of the top management, they define and discuss information and policies from top management to lower management, and most importantly they inspire and provide guidance to lower level managers towards better performance.

First-Level Managers: typically consist of Supervisors, Section Officers, Foreman, etc. These individuals focus more on the controlling and direction of management functions. For instance, they assign tasks and jobs to employees, guide and supervise employees on day-to-day activities, look after the quantity and quality of the production of the company, make recommendations, suggestions, and communicate employee problems to the higher level above, etc. In this level manager’s are the "image builders" of the company considering they are the only ones who have direct contact with employees.

Instructional Needs at Different Management Levels

First-Level Managers:

Basic supervision.
Motivation.
Career planning.
Performance feedback.

Middle-Level Managers:

Designing and implementing effective group and intergroup work and information systems.
Defining and monitoring group-level performance indicators.
Diagnosing and resolving problems within and among work groups.
Designing and implementing reward systems that support cooperative behavior.

Top-Level Managers:

Broadening their understanding of how factors such as competition, world economies, politics, and social trends influence the effectiveness of the organization.

Additional Resources

Online Courses - Distance Learning Courses: Online Training Course

  1. Management Leadership Course Online - Distance Learning Courses
    Building and managing leadership success
  2. Human Resources Management (HRM) Course Online - Distance Learning Courses
    Planning, building and managing human capital
  3. Marketing Management Course Online - Distance Learning Courses 
    Planning, building and managing markets and customers
  4. Management Accounting Course Online - Distance Learning Courses
    Planning, controlling and auditing accounting reports
  5. Finance Management Course Online - Distance Learning Courses
    Planning, building and managing enterprise finance system
  6. Managerial Economics Course Online - Distance Learning Courses
    Understanding and leveraging local and global economic forces
  7. Business Law & Ethics Course Online - Distance Learning Courses
    Protecting assets, managing risk and promoting social responsibility
  8. Operations Management Course Online - Distance Learning Courses
    Planning, building and managing enterprise operation systems
  9. MIS / IT Management Course Online - Distance Learning Courses
    Planning and managing enterprise information systems
  10. Business Strategy Management Course Online - Distance Learning Courses
    Planning, implementing and managing business strategies

 

 

Wall Street
Executive
Resources

Wall Street Financial Economics  Research Papers, Articles, News, Interview and Resources

Executive Education: Executive Courses - Executive Seminars - USA

CEO Club - A Club for CEOs and their Executive Teams

CEO Club - Join the Club for CEOs and Advance Your CEO Career

Quarterly Magazine: CEO Awards - Most Respected CEOs

AIM 2011 - Annual Investment Meeting Dubai

Wall Street Research