MGM255-1203A-15 Management Fundamentals Task Name: Phase 1 Individual Project Deliverable Length: 5–7 PowerPoint slides (plus title and reference slides); 100–150 words of speaker notes per slide Details: Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. To accomplish its mission, an organization is characterized by its purpose, structure, and people. People within the organization work to accomplish the goals of the organization as a group. They are arranged in a hierarchal structure to accomplish these goals, including nonmanagers, first-line managers, middle managers, and top managers. Managers are responsible for overseeing the work of other people so that the goals of the organization are accomplished. Managers are concerned with internal efficiencies and effectiveness to meet the goals of the organization. These goals and objectives are usually outlined in internal documents, introduced in annual reports, advertised on the corporate Web site, and updated in the company’s strategic plan. Find 3 goals or objectives that your company has posted on its Web site or in its corporate information literature that describes its activities during the current year. Design a 2-part presentation that explains the following: Part I: 3–4 Content Slides •Define the 3 characteristics of an organization. •Explain how management is responsible for creating efficient work processes. •Define and explain the 4 functions of management in achieving the organization’s mission or purpose. Part II: 2–3 content slides •Define 3 things that seem to be working well in your selected company based on internal processes. •Write a summary of 2 successful products contributing to your company’s higher profitability that could be a result of increased efficiencies within the company. •If the company is suffering a decrease in profitability, recommend a possible internal efficiency program that could be implemented to correct this in the future. My Company is on Wal-Mart