Assignment 01 POM
Assignment 01 POM
Assignment 01 POM
ASSIGNMENT:01
ANSWER:
Goals help define a company's purpose, assist its business growth and achieve its financial objectives.
Setting specific organizational goals can also help a company measure their organization's progress
and determine the tasks that must be improved to meet those business goals. Management goals
are achievement plans communicated to employees. They are specific and clearly defined objectives
used to engage employees in the company process and increase performance.
GOALS:
Practice active listening technique.
Improve your persuasion skill.
Improve team productivity.
Increase positivity.
Practice motivational techniques.
Provide more constructive feedback.
1-b What types of plans would be needed in an industry such as this one? ( for
instance, long term or short term) Explain why you think these plans would be
important.
ANSWER:
Short-term goals because it can be used to break down larger, more general goals. They don't
replace these big, overarching goals, but rather give you a path to achieve them. Setting and
working on short-term goals helps you: Realize what you can accomplish today and take
action.
1-c What contingency factors might affect the planning Grm executives have to do?
How might those contingency factors affect the planning?
ANSWER:
Organizational Level. Most organizations are hierarchical to some extent.
Formal vs Informal Planning. Planning Approaches vary based upon the organizational
structure.
Environment Uncertainty.
Frequency of Use.
Length of Commitments.
Level of Specificity.
1-d What planning challenges do you think Grm executives face with continuing to be
the global market leader? How should they cope with those challenges? (2
marks)
ANSWER:
CHALLENGES & SOLUTIONS:
CHALLENGES:
Lack of clarity.
Slow decision making.
Disjointed conflict resolution.
Conflicting cooperate culture.
SOLUTION:
3. Pick up the phone. Never communicate “tough messages” via email, as written
messages can easily be misunderstood.
4. Invest in cultural training.
Q2. Select any article or case study or scenario related to Management and give a
presentation.
Presentation ppt has been attached.