Management

Question 1

Management definition

Answer 1

Directing the business using resources to achieve goals, ensure sustainability and decisions making

Question 2

Management tasks

Answer 2

Planning
Organizing
Leading
Control

Question 3

Planning definition

Answer 3

The manager looks at the future and plans to tackle certain issues successfully

Question 4

Planning process (5)

Answer 4

1. Establishing objectives
2. Deciding the planning period
3. Considering alternatives
4. Implement the plan
5. Follow up the process

Question 5

Establish objectives

Answer 5

Top manager will set overall direction for the business. The vision , mission and long term objectives will be developed. Keeping internal and external (competitors) resources in mind .
Once the objectives has been defined the top manager will communicate these objectives to the different functional manager . Each of these managers have to be aware of his or her responsibility in achieving these objectives

Question 6

Deciding on the planning period

Answer 6

Plan for a period that is reasonably anticipated

Question 7

Consider alternatives

Answer 7

The business has to identify several alternatives plans to evaluate which objectives are achievable. The business needs to assess each alternative from a feasibility and viability. It is always important to have a plan B in case the original plan doesn’t work

Question 8

Implement the plan

Answer 8

Allocate the necessary resources to support the plan

Question 9

Follow up process

Answer 9

Put the necessary controlling mechanism in place to ensure that the objectives that were set are achieved according to the benchmark and in the time period decided upon

Question 10

Planning problems

Answer 10

Risks not taken in consideration
Workers input and response to plan(do not buy into plan)
Plan is uneconomical(to expensive )
Human error( employees fail)
Issues that occurs without warnings crisis ( machine breaks down)