...|Scope problem triggers |Possible consequences | |Lack of clarification of scope |Client’s expectations may not be met due to lack of clarification. Will be difficult to manage if no clearly | | |defined project plan | |Poorly worded documentation |Shows lack of professionalism. Could confuse the client | |No checks and balances |No way of managing quality. Potential to not deliver on time and within budget | |Omitting special instructions and |Project may not achieve the client’s desired outcomes. Project may not be compliant with industry standards | |or/standards | | |Poorly written technical specifications |Project team may have difficulty following technical instructions. Failure to deliver | |Ambiguity of terms and/or conditions |Can lead to misinterpretation/ miscommunication by the client. Project team may have trouble following and | | |implementing scope document...
Words: 444 - Pages: 2
...BUS 690: SEMINAR IN BUSINESS POLICY AND STRATEGIC MANANGMENT INSTRUCTOR: DAVID HOVER STUDENT ID: 912459696 SEPTEMBER 29, 2015 The word’s largest food company in sales (2010), Nestlé, was able to differentiate their products continuously by becoming the leading nutrition, health and wellness (NHW) company in the world guided mainly by product improvement, and mergers and acquisitions (M&A). In 1997 then-CEO and Chairman Peter Brabeck had a vision to transform their brand of food and beverage to an updated food and NHW company. Brabeck wanted consumers to differentiate Nestlé products from their substitutes and to be seen as a better choice for all eating occasions. The long-term strategic vision took thirteen years for it to be reached. The company was guided by their mission statement which helped Brabeck decide which products to keep, allowing him to identify more growth for the company. Forming a strategy and seeing where the company is moving towards could be a difficult task, yet having a purpose of what a company stands for can lead to greatness. Brabeck was able to identify those factors in a timely manner and deliver quality for their customers. In addition, He created a unique strategy which opened up a new opportunity to developed his own brand, Nestlé Nutrition. Nestlé has long been interested on the consumer approach. It was important for them to create wellness within their selected products and brand loyalty to differentiate themselves from competition . The...
Words: 670 - Pages: 3
...There are four functions of managment which are planning, organizing, leading and controlling. Managers use these functions everyday in order to maintain balance within the work place. It is said that the functions must be performed efficiently for the success of ones business. All of these functions together are call the management process. Planning is a important part of management it actually is the first and base part of the process. With planning understanding where the company is trying to go with its goals and depending on how big the manangment is some stategies may get completely changed or modified. The business in which I work has a lot to do with planning ahead of time. You have to know what the consumer is going to be looking for and whats in and whats not. My business is selling Nikes and Jordans in which everyone has there own taste, but planning out the right product to bring in the building is a big deal. My job has plenty of examples of planning that we use like marketing planning, project planning, and sales planning. Organizing happend to be an very good function to a certain person within an organization. To be an effective manager organizing must become an very important role in duty as a manager. As a manager you have to know how to organize not only all your duties such as paper work and cleaning, but also you have to know how to manage the people you have with in your company. With people you have to know their strengths adn weaknesses to...
Words: 708 - Pages: 3
...Running head: FUNCTIONS OF MANANGMENT PAPER Functions of Management Paper MGT-330 Management Theory, Practice, and Application July 21, 2010 Joe O. Omokheyeke Functions of Management Paper This paper will define the four functions of management planning, organizing, leading and controlling while including an explanation of how each functions relates to the authors own organization. Directors and mangers that have the authority and responsibility to make decisions for an organization is the term known as management (BusinessDictionary.com, 2010). All organizations have in place a set of goals to achieve for the success of company. All managers must possess the ability to the four functions of management allow a company to plan and handle decisions set forth this is the foundation of management. With the four functions of management, existing there must be a form of control in all areas of management. Planning is the act of analyzing a situation and being able to determine the needs of a company of organization. Organizing is the act of to appropriately bringing together the resources needed to complete a task and the ability to coordinate those tasks with employees. Leading is being able to motivate employees and stimulate high success within a company or organization. Controlling is the act of watching the progress and work of a company and then taking the necessary actions to correct any issues within a company or organization. Planning in the author’s organization...
Words: 790 - Pages: 4
...Northern California Sign up for our monthly E-Newsletter Home Local Markets Management Topics Industry Topics Insights Multimedia Events Marketing Programs About Us How an executive coach can help improve employee morale and productivity 03.01.2012 | Northern California Ricci M. Victorio, CSP, Managing Partner, Mosaic Family Business Center As companies continue to try to do more with less, the stress of doing the work of two or more people is taking a toll on employees. And that is making them less productive, less motivated and less likely to do their best work, says Ricci Victorio, CSP, managing partner at Mosaic Family Business Center. “As companies deal with lower budgets and tighten their belts, they are putting ever-greater demands on their employees,” says Victorio. “As an employer, you need to help your employees fill their cups back up, because they are being significantly drained. Whenever you have people being pushed at absolute top levels performing on all 100 cylinders all of the time, they run out of gas. And when they run out of emotional gas, negative behaviors start springing up.” Smart Business spoke with Victorio about how one-on-one coaching with employees can improve morale and help them work better together as a team. What is the value of executive coaching? It can improve morale and provide an internal vision for employees as they ask: What is my value? Why am I here? What am I doing? How can I do it better? Improved morale increases...
Words: 5920 - Pages: 24
