Business Decisions (graded)
According to the text, planning has four benefits for managers. What are they? How does your current/former organization measure up with respect to planning?
Planning has four benefits for managers. What are they?
1. provides direction to managers and nonmanagers.
2. Reduces uncertainty by forcing managers to look ahead, anticipate change, consider the impact of change, and develop appropriate responses
3. Minimizes waste and redundancy. When work activities are coordinated around plans, inefficiencies become obvious and can be corrected or eliminated.
4. Establishes the goals or standards used in controlling. When managers plan, they develop goals and plans. (Robbins & Coulter, 2013, p. 200)
How does your current/former organization measure up with respect to planning?
With my current employer we do some short term planning. As it helps us to be prepared for important dates, or especial occasion. As a Radio Production Company we have to draw positive attention to our company and be one step ahead of the competition. Having a plan does help everyone in the team to stay on track and avoid wasting time. But I do have to say, sometimes our planes have to flexible enough adapt to the conditions.
Business structure will determine how well a business will compete. What are the characteristics of a company with an organic structure and a company with characteristics of a mechanistic structure? Give an example of a contemporary company that fits each structure.
Mechanistic organization: An organizational design that’s rigid and tightly controlled.
Examples of mechanistic structures include healthcare, universities, and governmental organizations.
Organic organization: An organizational design that’s highly adaptive and flexible (Robbins & Coulter, 2013, p. 342) are conducive to entrepreneurial behavior and innovativeness, where employees are asked to perform duties based on the specific needs of the organization at the time as well as their own expertise levels.
How do operational business decisions differ from strategic and tactical decisions. What level of management is responsible for each category of decision?
What is the difference between single-use plans and standing plans? What are some examples of each at your work place?
A single-use plan is a one-time plan specifically designed to meet the needs of a unique situation. For instance, when Walmart wanted to expand the number of its stores in China, top-level executives formulated a single-use plan as a guide. In contrast, standing plans are ongoing plans that provide guidance for activities performed repeatedly. Standing plans include policies, rules, and procedures. (Robbins & Coulter, 2013 p.224)
For example in job, the process we have to follow every time a new client is signed up with any of our services, or when a client decides to cancel the service that would be a standing plan, because its always the same process. A single-use plan could be a promotion that we’re its only running for certain time (month of Sep).
Performing a SWOT Analysis
I am doing Coca-Cola for my SWOT analysis and would like to share my quick analysis
Strength- globally recognized brand in carbonated beverages
Weakness- focus on carbonated drinks and negative publicity.
Opportunities- Increase demand for health drinks.
Threats- Changes in consumer preferences.
Coca-Cola is the world's largest soft drink company based on Atlanta, Ga. Coke has been in has been in business for 125 years with a global reach with presence in over 200 countries and very Strong financial condition.
This is an important question that relates to…