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Thread: MGT503 Principles of Management Assignment 2 Deadline 22 June 2010

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    Senior Member viki's Avatar
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    Adrive2 MGT503 Principles of Management Assignment 2 Deadline 22 June 2010

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    PLANNING

    IMPORTANCE OF PLANNING



    As the news of influenza pandemic broke out, it was witnessed that the government and health officials rushed to purchasing medicines, conducting disaster drills and taking such initiatives that would limit the spread of these diseases.

    However, one survey indicated that 72% companies had not even begun to prepare for the bird flu pandemic. Most of the business officials in United States stated that they had nobody in charge of a plan that could identify the severity of the issue and its impact on operations. On the contrary, Asian and particularly Southeast Asian countries had planned for this situation, as they previously had to deal with the SARS outbreak in 2003 which brought the regions’ commerce to a standstill. But they were well prepared this time. A survey of 80 corporate officials held by American Chamber of Commerce in Hong Kong found that nearly every company had someone incharge of such catastrophic situations and 60 percent stated that they had clearly mapped out plans that could be implemented immediately in such a crisis situation. For instance, HSBC, a global bank took steps to help and prepare its employees work from home and also prepared to divide work among multiple sites. Even FedEx said it had prepared contingency plans down to every district or market in Asia Pacific.

    But what about those businesses that had not yet prepared for a potential outbreak? A report on the outbreak of such a deadly flu reported. “In a world where the global supply chain and realtime inventories determine almost everything we do, down to the food available for purchase in our grocery stores, the importance of advanced planning can not be overstated.”

    1. What role do you think goals might play in a company’s planning for any possible
    pandemic outbreak? List down some goals that you might will be important

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    2. What type of plans might companies need for this situation ( for instance short term,
    long term or both) Explain why you think these plans are important in this situation

    3. Being a manager what planning tools would you recommend to deal with this type of
    situation effectively?
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    share with me the idea of solving this assingnment too,

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    no one is there who can give me the idea to solve mgt503 assignment?????

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    99 MGT503 Principles of Management Assignment 2 Idea Solution

    Just For Idea

    QUESTION NO 1
    WHAT DO U you think goals might play in a company’s planning for any possible pandemic outbreak?list down some goals that you think might will be important .


    Answer.

    Goals are desires outcomes for individuals, groups, or entire organization.
    They are also called ‘objectives’.
    The goals play very important role in a company’s planning They guide all management decision and from the criterion against which actual work being done is measured.
    They are also called the FOUNDATION of planning. Goal setting and planning is often called the primary management function because it established the basis for all other things that managers do. Without goal setting and planning, managers would not know what to organize and lead, and control. in other words goals provide the direction for all management decision and actions and from the criteria against actual accomplishment are measured.
    Some goals that is important:

    Most company‘s goals can be classified as either strategic or financial .every organization has its own goals, in this case ….
    • Respect the environment
    • .Promote community welfare
    • Continue implementing quality system
    • Identify potential unexpected events
    • Have a appropriate response (plan)in place if these unexpected events occur


    Question no 2 :
    what types of plan companies need for this situation (for instance short term ,long term or both )explain why you think these plans are important in this situation .

    Answer.

    The most popular ways to describe organizational plans are by their BREDTH, TIME FRAME, SPECIFICITY, and FREQUENCY OF USE.
    Strategic plans are long term, directional,and single use. operational plans are shorter term ,specific ,and standing .
    In this case government and health officials need to time frame (long term and short term planning).
    Why these plans are are important?
    Planning provides direction to government and health official ,that what they must contribute to reach goals ,they can coordinate their activities, cooperate with each other and do what it takes to accomplish those goals.
    Without planning, departments and individuals might work at cross-purpose, preventing the organization from moving efficiently towards its goals.
    Planning also reduce uncertainty by forcing managers to look ahead.
    Planning minimize waste and redundancy.
    Planning established the goals used in controlling.
    Planning will increase the performance of health officials in this case to limit the spread of decease.


    Question no 3.
    Being a manager what planning tools would you recommended to deal with this type of situation effectively?

    Answer:

    There are different types of tools that used in planning like environment analysis, environment scanning, competitor intelligence, forecasting and benchmarking.
    In this situation I think benchmarking is the best tool to deal with this type of situation effectively.
    The basic idea behind benchmarking is that we can improve performance by analyzing and coping the methods of leaders in various fields.
    As in this situation Asian and particularly south Asian countries had planned.
    According to survey 80 corporate nearly every company had someone in charge of such catastrophic situation and most of them had clearly mapped out plans that could be implemented immediately in such a crisis situation. So we can improve performance by analyzing and copying the methods of that company.
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    Good work g.

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    u rocks! looking for this

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    Quote Originally Posted by yasir View Post
    u rocks! looking for this
    mention not ji always welcome
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    Post

    Ans. Of Q.1

    Goals are very important in any type of unexpected situation such as pandemic outbreak . In business organization, they set their goals in the view of any unexpected loss and fires or any hazardous situation.
    Handling unexpected situation, taking quick decisions.

    Ans. Of Q. 2

    Both plans (Short term and long term) are very important for this type of situation. Organizations need to have basic crisis planning to take repaid action to solve these issues and short term planning help in handling such type of situation.


    Ans. Of Q.3

    Following tools deal with this type of situation effectively.
    Project Management.
    This type of situation is like a project which needs proper planning and quick execution for better result.

    Decisiton Trees

    Decision trees help in giving the suitable action for such type of situation.

    Scenario Planning
    Scenario planning help the management to minimize the uncertainty and manage all the things.

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