i. The environment within which the organization operates e.g. it may be useful to use time series analysis if it is stable.
ii. The time horizon e.g. fifty-years’ forecast makes it inappropriate to use time series analysis
iii. Costs Vs Benefits Analysis e.g. the Delphi technique requires the use of experts and this has a cost bearing on organizational resources
iv. Accuracy of method in identifying patterns and trends
v. Ease of understanding of the technique involved.
vi. Accuracy of the method in predicting turning points
Kavungya answered the question on April 28, 2021 at 09:13
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Forecasting involves accurately predicting future events.
Describe the difficulties managers may encounter when forecasting.
(Solved)
Forecasting involves accurately predicting future events.
Describe the difficulties managers may encounter when forecasting.
Date posted:
April 28, 2021
.
Answers (1)
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Write explanatory notes on the marketing concepts listed below:
a)The production concept
b)The product concept
c)The selling concept
d)The marketing concept
e)The societal concept
(Solved)
Write explanatory notes on the marketing concepts listed below:
a)The production concept
b)The product concept
c)The selling concept
d)The marketing concept
e)The societal concept
Date posted:
April 28, 2021
.
Answers (1)
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To what extent are Henri Fayol’s principles of management relevant to the management of organizations today?
(Solved)
To what extent are Henri Fayol’s principles of management relevant to the management of organizations today?
Date posted:
April 28, 2021
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Answers (1)
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Committees are sometimes prone to abuse. Describe the steps that should be taken in order to ensure effective performance of committees.
(Solved)
Committees are sometimes prone to abuse. Describe the steps that should be taken in order to ensure effective performance of committees.
Date posted:
April 28, 2021
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Answers (1)
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Explain the circumstances when an organization would find it appropriate to use committees.
(Solved)
Explain the circumstances when an organization would find it appropriate to use committees.
Date posted:
April 28, 2021
.
Answers (1)
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MAZIWA DAIRIES LTD
Maziwa Dairies Ltd. processes and distributes milk and milk products. Ngure, the proprietor of the business inherited the business from his father. He...
(Solved)
MAZIWA DAIRIES LTD
Maziwa Dairies Ltd. processes and distributes milk and milk products. Ngure, the proprietor of the business inherited the business from his father. He is conversant with details of buying, advertising and depot management.
Each one of his depot managers and branch staff meet once every two weeks to review progress on operations. Ngure visits each depot every 2 to 3 days each week to work and supervise the branch managers.
Ngure is worried about communication and the level of motivation among the employees of the enterprise. He feels that at the fortnightly meetings he had held, all his mangers and staff listened carefully, but judging from their actions, he has begun to wonder whether they had understood what he said. Ngure has noted that many o his policies were not being strictly followed,. For instance, in the stores, he often had to re-write advertising messages, while in some of the depots, the employees were talking of joining a workers union.
Managers and employees were quoted as saying that they did not know the intentions of their employer. They believed that they could do better if they had an opportunity to communicate with Mr. Ngure and his assistants at the head office.
On his part, Ngure feels that many of his managers in the head office and in the depots as well as most of the employees are merely doing their job. They are not showing any real imagination or drive. He is also concerned that some of his best employees had quit and taken positions with a competitor. Mr. Ngure has approached a management consultant to advise him on the best way to motivate his staff and communicate better.
Required:
a)Identify and briefly explain the communication problems afflicting Maziwa Dairies Ltd.
and suggest ways of solving the problems.
b)What incentives would Ngure offer his staff in order to motivate them?
Date posted:
April 28, 2021
.
Answers (1)
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“Managers are not born, they are made”.
Explain the ways in which the behavioural attributes of a manager can be developed.
(Solved)
“Managers are not born, they are made”.
Explain the ways in which the behavioural attributes of a manager can be developed.
Date posted:
April 27, 2021
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Answers (1)
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You are a personnel manager in an organization where performance of employees has been below the expected standards.
The chief executive has assigned you the duty...
(Solved)
You are a personnel manager in an organization where performance of employees has been below the expected standards.
The chief executive has assigned you the duty of identifying the causes of the poor performance and suggesting solutions to the problem.
a) Explain the steps you would follow when carrying out the task.
b) Suggest measures that management should take to alleviate the problem.
Date posted:
April 27, 2021
.
Answers (1)
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Sound staff selection procedure is a vital element of human resources planning. Discuss.
(Solved)
Sound staff selection procedure is a vital element of human resources planning. Discuss.
Date posted:
April 27, 2021
.
Answers (1)
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Diversification is important in every dynamic organization.
a)What circumstances would make it necessary for a company to diversify?
b)Explain the different forms in which the diversification would...
(Solved)
Diversification is important in every dynamic organization.
a)What circumstances would make it necessary for a company to diversify?
b)Explain the different forms in which the diversification would take.
Date posted:
April 27, 2021
.
Answers (1)
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A well established organization wishes to carry out an analysis of its strengths, weaknesses, opportunities and threats (SWOT). The task has been assigned to you.
Explain...
(Solved)
A well established organization wishes to carry out an analysis of its strengths, weaknesses, opportunities and threats (SWOT). The task has been assigned to you.
Explain the procedure you would follow in carrying out the task.
Date posted:
April 27, 2021
.
Answers (1)
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Compare corporate strategies with marketing strategies for an organization.
(Solved)
Compare corporate strategies with marketing strategies for an organization.
Date posted:
April 27, 2021
.
Answers (1)
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Outline the components of Total Quality Management (TQM).
(Solved)
Outline the components of Total Quality Management (TQM).
Date posted:
April 27, 2021
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Answers (1)
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Describe ways in which managerial functions enhance productivity in the organization.
(Solved)
Describe ways in which managerial functions enhance productivity in the organization.
Date posted:
April 27, 2021
.
Answers (1)
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Suggest the measures that management may adopt to overcome constraints.
(Solved)
Suggest the measures that management may adopt to overcome constraints.
Date posted:
April 27, 2021
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Answers (1)
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What are the constraints to effective planning?
(Solved)
What are the constraints to effective planning?
Date posted:
April 27, 2021
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Answers (1)
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Explain the relationship between corporate strategic plans and operational plans.
(Solved)
Explain the relationship between corporate strategic plans and operational plans.
Date posted:
April 27, 2021
.
Answers (1)
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How can management overcome barriers to effective implementation of innovation and change in an organization.
(Solved)
How can management overcome barriers to effective implementation of innovation and change in an organization.
Date posted:
April 27, 2021
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Answers (1)
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The manager is frequently faced with the task of introducing change in the organization.
What are the reasons for innovation and change in the organization?
(Solved)
The manager is frequently faced with the task of introducing change in the organization.
What are the reasons for innovation and change in the organization?
Date posted:
April 27, 2021
.
Answers (1)
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Identify and explain the sources of managerial power.
(Solved)
Identify and explain the sources of managerial power.
Date posted:
April 27, 2021
.
Answers (1)