Answered: Paa Kwesi runs to you for advice. How…

Paa Kwesi runs to you for advice. How are you going to help him with his presentation in class knowing that being effective in future job position, planning is something managers obviously want?

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter19: Managing Quality And Performance

Section: Chapter Questions

Problem 3EE

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When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.
Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you?
Edwin recently graduated with his honours qualification in Financial Management and wants to open up his own catering company, however, he realised that he needs ‘man‐power’ for his business to run successfully. Questions 1. Explain to Edwin the importance of planning in an organisation. Provide relevant examples to support your discussion. 2. Explain to Thabang the activities involved in human resource planning
You are required to conduct a literature search and discussion in this assignment.You are to choose a peer reviewed journal article (from any country) on the: -Use of Budgeting as a management technique for managing resources.The article should be published between 2010 – 2020. Choose your article only after you have accessed several relevant articles, and then choose the best articles that will answer the assignment question below.Required: Critically evaluate the relevance and challenges of budgeting systems by answering the 5 questions below:Questions:1. Briefly discuss the budgeting process. 2. Based on your selected journal article, discuss citing examples whether the budgeting process satisfies the purpose of planning, controlling and evaluating performance. 3. The two widely used practices in preparing budgets are ‘top down’ budgeting and ‘bottom up’ budgeting. Identify and explain the practice adopted by the organisation discussed in your selected journal article and further…
The planning method is changing and evolving over time, as are all facets of good management. Think of an organisation, whether your workplace or your college or university, you are reasonably acquainted with. Choose one of the following four strategy methods and describe how the organisation will successfully utilise the selected plan method to increase its success in a volatile climate. Decentralized schedule Extend goals Dashboards output Teams with intelligence
Please write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions. Note: If you fail to follow the above instructions, the penalty will apply. Please answer the following questions: a) Many academic scholars believed that‘The balanced scorecard (BSC) is the best strategic planning and management systembecause it takes non-financial measures into consideration.’ Required: Critically discuss the above statement with reference to academic literature. In your discussion, you should also refer to Kaplan and Norton BSC model (1992) below. Refer Screenshot b) ‘Investment appraisal techniques primarily meant to…
How to respond to this in 100 words? The SWOT matrix is an extension of the SWOT analysis as it relates to the alternative characteristics relevant to the internal strengths and weakness within the organization. The SWOT matrix strengths and weaknesses are created and listed on the left side vertically, while the opportunity and threats is across the top. The significance of the SWOT matrix is not confusing the external opportunities with the possible course of actions. "The SW/OT matrix is a systematic means of developing strategic alternatives available to the organization, but it also requires brainstorming and creative skills as well” (Parnell, 2017, p. 229). The SWOT matrix is a valuable tool that managers can use while leveraging strengths and weaknesses within an organization. There are also four classifications that can appear from the SWOT matrix which drives multiple strengths or weaknesses, in conjunction with opportunities or threats. However, emphasis should be geared…
Effective planning is not merely a static process but rather an ongoing and iterative cycle. It involves continuous monitoring and feedback loops that allow for adjustments and refinements as circumstances evolve. This iterative nature is essential for staying responsive to changes in the environment, whether those changes are internal or external to an organization or an individual's goals. Through regular reviews and assessments, planners can identify emerging trends, reassess priorities, and make necessary modifications to their plans. This iterative approach also promotes a learning culture, where insights gained from previous planning cycles inform future decisions. It allows for the incorporation of new information and experiences, enabling planners to adapt strategies in a dynamic and ever-changing landscape. In essence, the iterative nature of planning serves as a mechanism for resilience, enabling individuals and organizations to navigate uncertainties and pursue success with…
Please solve this. Mega Empire Bhd. is in the inital stages of preparing the annual budget for next year. Danial, has recently joined the company as management accountant and is interested to learn as much as possible about the company’s budgeting process. After the recent meeting with the Sales Manager who is Zack and Aaron as the Production Manager, Danial initiated the following conversation. Danial: Since I am new around here and I am going to be involved with the preparation of the annual budget. I’d be interested to learn how the two of you estimate sales and production numbers. Zack: We start out very methodically by looking at recent history, discussing what we know about current accounts, potential customers, and the general state of consumer spending. Then we add the usual dose of intuition to come up with the best forecast we can. Aaron: I usually take the sales projections as a basis for my projections. Of course we have to make estimate of what this year’s ending…
Describe the career you would choose today if salary and required schooling were not contributing factors in your decision? In other words, what job would you do for free if you could start it tomorrow? Give at least two strategies (macro), including two tactics (micro) for each strategy to obtain your ideal career position. Tactics should be specific and include deadlines.
Some of the major decisions management must take concern the behavior of sales, costs and profits under varying conditions. For effective planning and control it is important that management should be aware of any relationship which exists between sales, costs and profits for changing levels of activity. Management makes use of the information provided by the accounting system to plan and control future operations. The information, to be meaningful, must be provided and presented in such a way that it will appeal to management. Break even analysis and Cost-Volume- profit-Analysis are some of the ways in which information concerning sales, costs and profits relationship is presented to management in a clear and appealing form Required: a). Discuss how break even analysis can aid management in decision making b). Discuss the practical difficulties associated with the…
1. Roger is telling Mary the first three steps in planning an organization. In the correct order, they are ____. Writing a mission statement, creating a vision statement, and strategic planning Strategic planning, creating a mission statement, and creating a vision statement Strategic planning, operational planning, and preparing a vision statement Tactical planning, operational planning, and writing a mission statement Operational planning, creating a mission statement, and developing a hiring plan.