...Criticize the use of strategic planning as a means to achieve organisational objectives. Strategic planning is the process by which managers of the firm analyze the internal and external environments for the purpose of formulating strategies and allocating resources to develop a competitive advantage in an industry that allows for the successful achievement of organizational goals Rothaermal (2012). Strategic planning cannot provide a precise and detailed picture of the future. Method of describing in detail the future of an organization is not a detailed description of its internal state and the situation in the external environment, but rather a mixture of qualitative wishes towards the state in which the organization wants to be in the future, what position to take in the market and in the business, what organizational culture to have. Strategic planning enables an organisation to determine its growth trajectory by analysing internal and external factors that may affect its growth in the long term. Due to its complexity and heavy commitment to strategic goals, strategic planning is rarely implemented successfully Fuller (2004). Often, the poor implementation is the reason for failure, although it is more often the case of misaligned operational and strategic goal. For instance, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIM-ASSET) is a strategic plan to turn around the economy. Therefore as much as strategic planning identifies constraints and possible...
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...Organisational requirements and planning tools Identify organisational requirements and protocols for diaries and staff planning tools A schedule is a tool for managing time effectively. There are several different types of schedules that can be as simple as a “To do List” or as complex as a plan for a construction project. It involves a reference to a sequence of steps or events and the allotted time for each one. In your role organising schedules you will have to work according to the organisation’s policies and procedures. If you look at the GSE Intranet, you will see the Administration policies and procedures for making appointments and processing schedules. An organisation’s requirements will depend on the availability of information and how the information is processed. Planning Tools When considering the different types of schedules there are a variety to look at including: Electronic diaries e.g. Outlook Personal and executive diaries Calendars Desk diary Electronic and manual planners Gantt charts Timetables In/Out boards and whiteboards Project Management systems Organisational Requirements The organisational procedures and systems in an organisation can include several requirements but can be loosely divided into Formal and Informal procedures: Formal Rules Formal rules usually apply to organisations that employ a large number of staff. There is a need for formal rules which usually come in printed format e.g. a manual, policy or procedure...
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...look from closer, Mothers are the best managers if one wants to learn from. Here I am taking example of my own mother. She is a doctor so she handles her hospital work and daily routine activities of my house. I have divided the activities performed by my mother on daily routine basis (weekdays) and tried to put them into management functionalities comprises planning, organizing, staffing, leading /directing, and controlling our organization (in this case my house). All this is done by resourcing, encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. |My Mother “The Best Manager” | |Time |Activity |Functionality |Learning | |0500-0530 Hrs |Waking up on time despite of |Planning |Time management | | |working late last night |Organising |Organisational commitment | | | |Leading |Consistency | | | | |Work dedication | | | ...
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...will discuss organisational management and the four major functions of management which are planning, organising, leading and controlling. The functions of management will indicate how they can help a company in this case IIL address the challenges its facing as it tries to achieve its long term plan of marketing the company's products and expanding locally and regionally. DEFINATION OF CONCEPTS Organizational Management is a common management style for modern small businesses. The organizational method allows managers to break down the entire operation of a department into several phases. Dividing operational functions into sections allows management to obtain a clear picture of what the goals of a department are and how to implement the goals most effectively. It also allows managers to respond rapidly to factors that affect the internal or external expectations of company (quote). according to .............. organisation of management is also defined as............................... THEORITICAL FRAMEWORK Organisational management is also defined as the process of planning, organising, leading and controlling resources within the entity with the overall aim of achieving its objectives. Planning Planning is the management function that involves setting goals and deciding how to best achieve them. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Long-range planning essentially...
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...What are managers at strategic level responsible for? Managers at this level within an organisation generally set organisational objectives and plan how to achieve them. For this reason, it is also known as the planning level. They must deal with long-term plans that are concerned with securing the company’s future. Historical information is collected (both from within and outside the organisation) and used at this level by senior managers to: plan the objectives of the organisation (futuristic planning) assess whether or not objectives are being met. The information which managers at strategic level typically require includes: • overall profitability • economics – at micro and macro level • profitability of different segments of the business • future market prospects • social and demographic trends • availability and cost of raising new funds • total cash needs • total manning levels • capital equipment needs • competitors’ activities • legislation. • Strategic information will be used for strategic planning and decisions of a long-term nature. What are managers at tactical level responsible for? Managers at this level gather information (predominantly from within the organisation) on a weekly or monthly basis in order to plan for the medium term. This is also known as the information level. Information that is several years old is used for measuring past and current...
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...Case Study 1 – Metropolitan University Metropolitan University finds itself in the position of having too many employees in the arts faculty, and not enough employees in the Business faculty, due to a shift in demand for certain courses over the past ten years, which it did not anticipate or accommodate. It can be assumed that Metropolitan University finds itself in this position because it has not undertaken workforce planning to addresses where the organisation is heading, where the organisation is now, and how are they going to get there. Jones & Martain (page 194) state that a workforce planning process, would assist to: * Determine organisational strategic direction * Conduct workforce analysis * Develop workforce plans, objectives and workforce plans * Implement the workforce plans If Metropolitan University had undertaken a workforce planning process, as part of this process it would have conducted a workforce analysis which would have enabled the University to foresee that it would have a problem of over demand of employees in the arts faculty and a shortage of employees in the business faculty. There are three steps in conducting a workforce analysis, these are: 1. A demand analysis – to identify the future workforce needed to carry out the organisation’s mission, vision and strategic objectives. 2. A supply projection – focuses on an organisation’s existing and future workforce supply. the present staffing and competency profile project...
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...software plan is used to implement perfect network as per clients requirement. The basic software plan is used to understand the roles and responsibilities in the given project, and it helps in estimation of effort and resources that are required for project. By this plan we can estimate the organisational risks and we get a chance to reduce them. (Rob Baxter, 2014) Network software planning ensures that you utilize all your network resources affecting network capacity, including both physical and logical constraints, network configuration, IP addresses and all types of network elements. Planning software tools help you predict and avoid resource and capacity shortages. (amdocs, 2016) As per our network design we used the following software...
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...Assessment Task 2: Conference Planning Portfolio Submission details Candidate’s Name | | Student Number | | ------------------------------------------------- Submit this document via my.TAFE with all required evidence attached. See Procedure below for details. Performance objective Candidates will need to conduct individual research of available materials and local resources (web, phone book, etc.) and show initiative and problem-solving skills to develop a conference concept; a full conference plan that meets the needs of the organisation; and to produce a cross-section of documents that support their conference plan. Assessment description You are required to complete this task in three parts. Part One requires you to develop a conference concept document. The concept document is designed to help a conference manager in developing a scoping document for a conference to be held. You are required to review the case study outline below, and create and complete all aspects of the concept document. Case study You are one of the senior administrative staff who work in the marketing department of MacVille Pty Ltd. The MacVille events steering committee with ultimate authority in convening the conference have requested that you plan and manage a conference that they would like run in the next 4–6 months. The purpose of the conference is to promote the Mezzo range of imported Italian espresso that the firm has recently secured the rights to distribute in Australia...
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...Individual Assignment Evaluation of the Planning function of Union Assurance PLC MBA 12/3103 P. Rajan Group B Course : MBA 501: Managing Organisations Instructor : Dr. A. Dharmasiri Term : January - March 2012 Postgraduate Institute of Management University of Sri Jayewardenepura Declaration I am fully aware of the content under plagiarism stated in Chapter VII of the PIM Student’s Handbook, and I hereby declare and affirm that I have strictly observed the law relating to intellectual property, copyright and plagiarism in this exercise. Pratap Rajan Name Signature Date INTRODUCTION The purpose of this report is to document and critically evaluate the planning function of an organisation and to recommend improvements in the process. The organisation selected for the purpose of this assignment is Union Assurance PLC. Union Assurance PLC is a composite insurance company transacting both General and Life Insurance business and is currently the fourth largest insurer in Sri Lanka in terms Gross Written Premium. Union Assurance PLC (UA) is a subsidiary of John Keells Holdings PLC (JKH), one of the largest conglomerates in Sri Lanka. THE PLANNING FRAMEWORK OF UA The Vision and Mission statements of UA are as follows: Vision: To be the most sought after provider of insurance solutions Mission: To provide protection, financial security and create...
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...many to take the view that forecasting is neither useful nor necessary (Taylor 2010). Forecasting is a key aspect of Human Resource Planning (HRP); which can be a complex process especially during periods of economic uncertainty and fluctuation. This intensifies the pressures between the need for planning and the difficulties of prediction. Nevertheless, the fundamental purpose is simple: HRP is concerned with assessing and meeting an organisation’s current and future workforce needs. This ensures the right number of people with the appropriate skills and competencies are in the right jobs at the right time and at the right cost so as to achieve organisational objectives (Foot and Hook 2005). In presenting a balanced view, this essay will analyse the argument for and against HRP in determining if it is unfeasible for organisations to accurately forecast the demand for and supply of labour. Furthermore, how HRP can inform other Human Resource (HR) activities such as recruitment and selection (R&S), succession planning, performance management and training and development amongst others. Specific reference where appropriate will be demonstrated to showcase links between theoretical and practical context. Forecasting as a key element of HRP As organisations continue to evolve and become more dynamic, it can be argued that effective planning of its most important resource (its workforce) in achieving strategic goals has never been more important. Organisations can achieve...
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...is easily accessible to all public transport. ROLE The Clerical Mail Officer provides a full range of clerical support to the branch ensuring the approved administrative processes are adhered to. This includes but is not limited to the telephone and front counter reception, data entry and word processing, maintaining filing. Compiling of the roster, for delivery of the mail daily and monitoring this closely. The position is permanent and the candidates will be assessed at the end of a 3 month probationary period. SPECIAL REQUIREMENTS Skills and abilities that are essential for a Clerical Mail Officer include: * High level of communication skills – especially verbal/interpersonal. * Basic office knowledge * Strong organisational & planning skills * Committed to working within a team. * Willing to undertake more complex tasks as required. * Be familiar with the surrounding suburbs of Perth * Excellent time management skills * Ability to use initiative and be...
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...INSTRUCTIONS: You MUST submit this document as your assignment. Other formats will not be accepted and you will receive a mark of zero. Do not try to change the layout of this document as it will not be accepted. Complete all details in Section 1 and start your assignment on Page 2. Ensure you enter your details in the header on Page 2, they will appear on every page. Save the file as (e.g. 1123456BS1234). IMPORTANT: Save this file as a PDF, other formats WILL NOT BE ACCEPTED. Cardiff Business School COURSEWORK COVER SHEET 2014/2015 Section 1 (to be completed by the student) Student Name: Oliver Conroy Student Number: C1218229 Module Code: BS3517 Module Title: Management Accounting & Control Coursework Title: Budgeting Essay Submission date: (before 4pm on…) 17.03.2015 Date document last saved/printed: Section 2 ( To be completed by the Lecturer) COMMENTS: --- 09.03.2015 (Updated automatically) Lecturer: Nina Sharma MARK AWARDED: Number of words: 1976 Created by: sbsjj15 Document last opened: 09/03/2015 14:22:03 Version 2.3 Oliver Conroy C1218229 Management Accounting & Control BS3517 i.) INTRODUCTION The apparent flaws and inaccuracies in the traditional budgeting process have caused many scholars to openly question the need and validity of this stalwart of modern day...
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...SPACE MANAGEMENT A GOOD PRACTICE GUIDE A report on ways in which space management and space utilisation can be improved, based upon the work with the University of Wales Swansea January 2002 CONTENTS SUMMARY..................................................................................................................................................................3 INTRODUCTION......................................................................................................................................................4 PURPOSE OF THE GUIDE............................................................................................................................................ 4 THE PROBLEM.........................................................................................................................................................4 INTRODUCTION.......................................................................................................................................................... 4 THE PROBLEM A REAS.............................................................................................................................................. 5 THE SOLUTION........................................................................................................................................................7 SPACE M ANAGEMENT CONTEXT ........................................................................................................
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...London School of Business & Management BTEC Levels 4 & 5 HND Business Centre No Unit No & Unit Title Course Title Lecturer’s Name Assignment Title Date Set Due Date 79829 Unit 19 Marketing Planning HND Business (BTEC Levels 4 & 5) Keeshon Holmes MP Assignment 18th January 2015 17th April 2015 Semester / Academic Year January 2015 Semester Unit Outcomes Covered: LO1. Be able to compile marketing audits LO2. Understand the main barriers to marketing planning LO3. Be able to formulate a marketing plan for a product or service LO4. Understand ethical issues in marketing GRADING OPPORTUNITIES AVAILABLE Outcomes/ Grade Descriptors AC1.1 √ AC1.2 √ AC1.3 √ AC1.4 √ AC2.1 √ AC2.2 √ AC3.1 √ AC3.2 √ AC3.3 √ AC3.4 √ AC3.5 √ Outcomes/ Grade Descriptors AC4.1 √ AC4.2 √ AC4.3 √ M1 √ M2 √ M3 √ D1 √ D2 √ D3 √ Assessor: ___/___/___ Signature: ______________ Date: January 2015 Semester 1 Tutor Notes Key Points: Answer All questions in this assignment Your assignment/report should be submitted by the deadline. The assignment must be your own work and original in all answers to the tasks. All sources used should be correctly referenced in Harvard format. You will be expected to check spelling mistakes and grammar before submitting your work. The London School of Business and Management Cover sheet should be used in every submitted work. An appropriate report structure should be used, which may include headings such as: Table of Contents, Introduction, Discussion/Evaluation...
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...1) Explain the planning process and state importance of SWOT analysis? b) What are the limitations of Planning? How planning can be effective? This TQM article provides an insight of a typical Strategic Planning Process that was used in several organizations and proven to be very practical in implementation. the key processes of this typical Strategic Planning Process are lined up into 7 steps. Detail of each steps are illustrated below:- Step 1 - Review or develop Vision & Mission Able to obtain first hand information from various stakeholders (Shareholders, customers, employee, suppliers communities etc). You may use templates to evaluate how the stakeholders think about your organization. To find out whether their action are aligned with the organization's objectives. To review or develop company's Vision and Mission with the involvement of other stakeholders to ensure it is still current with the business changes and new challenges. Also use this session as a mean for communication. Step 2 - Business and operation analysis (SWOT Analysis etc) One of the key consideration of strategic planning is to understand internal (own organization) Strengths and Weaknesses as well as external Threats and Opportunities. These are commonly known as the four factors of a S.W.O.T. analysis. Involvement from various stakeholders to provide their points of view about your organization is key. In the process, you will gain better buy-in from these implementers of strategies...
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