(Solved)Assignment – Management Plan Introduction to Business
Assignment – Management Plan
Introduction to Business Management
Everyone in an organization makes decisions, but decision making is particularly important in a manager’s job. Decision making is such an important part of all four managerial functions that decision making is said to be synonymous with managing. The complexity of managerial decision making ranges from routine choices to highly complicated issues.
You are to imagine that you are the manager for a company of your choice.
Select one of the following problems that you have been asked to address:
Your organisation is growing fast and it is outgrowing your organisational premises (for example: Shop, Office, or University). Therefore you are to expand or find new premises to accommodate the organisations needs and goals.
The current fleet of vehicles is no longer suitable due to frequent breakdowns. This puts a strain on company’s resources (money, time, people, etc.). You are required to find replacement vehicles for the sales team, which meet the sales team’s needs and goals.
The information technology system in the organisation has been updated and modernised to improve organisational performance. The organisation’s employees are not able to use the system and require up-to-date training. You are required to design an appropriate training programme to meet the meet the organisation’s needs and goals.
Using the types of decisions concept and the theories related to decision making styles, apply the decision-making model and explain how you would go about solving the chosen problem.
You will do this by collecting data about the chosen company from their website and any other material you can find to support your case (e.g. professional press). No marks, however, will be given for descriptive material or for reproducing Web pages.
Using your recently acquired knowledge about management you are to write a report to your line manager.
Your report should discuss in depth any issues you find relevant. The line manager will be particularly interested in how you support your discussion with relevant theory on the topic. He/she is also interested in practical examples of how your competitors have solved similar problems.
Guidelines for completion:
Report format. Because the assignment is a report students will be expected to use headings.
The overall word count is 1,500 words +/- 10% inclusive of appendices, words in diagrams, tables and figures. This will be strictly applied.
1. Executive Summary
Briefly set scene & outline key information of report
A decision is a choice made from two or more alternatives. The decision-making process is a set of eight steps that include identifying a problem, selecting an alternative, and evaluating the decision’s effectiveness.
2.1. Step 1: Identifying a problem.
A problem is a discrepancy between an existing and a desired state of affairs. In order to identify a problem, you as a manager should recognize and understand the three characteristics of problems.
Through the following problem:
“Your University organisation is growing fast and it is outgrowing your organisational premises. Therefore you are to expand or find new premises to accommodate the organisation needs and goals.”
2.2. Step 2: Identifying decision criteria.
Decision criteria are criteria that define what is relevant in a decision.
2.3. Step 3: Allocating weights to the criteria.
The criteria identified in Step 2 of the decision-making process do not have equal importance, so the decision maker must assign a weight to each of the items in order to give each item accurate priority in the decision.
2.4. Step 4: Developing alternatives.
The decision maker must now identify viable alternatives that could resolve the problem.
2.5. Step 5: Analyzing alternatives.
Each of the alternatives must now be critically analyzed by evaluating it against the criteria established in steps 2 and 3. From the assigned values of each alternative, multiply the weighting for each alternative.
2.6. Step 6: Selecting an alternative.
Select the best alternative from those identified and assessed is critical. If criteria weights have been used, the decision maker simply selects the alternative that received the highest score in Step 5.
2.7. Step 7: Implementing the alternative.
The selected alternative must be implemented by effectively communicating the decision to the individuals who will be affected by it and winning their commitment to the decision.
2.8. Step 8: Evaluating decision effectiveness.
This last step in the decision-making process assesses the result of the decision to determine whether or not the problem has been resolved.
Summarise and conclude your report.
4. References (Harvard system)
Ensure that all material, quotes, etc. are referenced in the approved manner using the Harvard citation method. An explanation of the Harvard citation method is included at the end of this assignment handout.
Answer to Assignment – Management Plan
Introduction to Business. . .