Tuesday, February 18, 2020

Case study Assignment Example | Topics and Well Written Essays - 500 words - 3

Case study - Assignment Example Obedience is all about the tendency to obey authority figures. The subordinates may not question the instructions given by the superiors in the organization. The other term seen from the case study is related to AUTHORITY. This refers to the process of controlling the other people in the workplace so that their behaviour can conform to the expected standards. However, there has been a dramatic shift from the way power and authority used to be exercised in the organization compared to the current period. As depicted in the case of IBM, the theme of PERSUASION has significantly gained prominence in managing organizations during the contemporary period. This involves the process of trying to influence and convince the employees in the organization to share the same vision with you. If properly implemented, this strategy can help the employees to be productive in their efforts since they would be in a position to share the same vision with the manager. The other term is VISION which is concerned about the goals and objectives of the organization. The manager has a responsibility of sharing the vision of the organization with the workers so that their efforts can be directed towards the attainment of the desired goals. The other theme presented in the case is NEGOTIATION where the leaders ought to engage the employees when intending to make decisions or solve conflicts that may exist in the organization. People tend to disagree over certain issues and this practice is common in most cases. However, it only becomes detrimental to the organization if the conflict becomes dysfunctional. In order to resolve this kind of conflict, the theme of COLLABORATION should be taken into consideration. This theme deals with finding and solving problems in such a way that everyone benefits. It is more like a win-win situation In order to manage the organization

Monday, February 3, 2020

LOVE. - Forecasting Essay Example | Topics and Well Written Essays - 500 words

LOVE. - Forecasting - Essay Example The most significant result of bad forecast is immense damage in the supply chain management system. If a company’s forecast is higher compared to the expected demand then it has to bear additional costs due to high level of inventory, useless products, and extra inventory carrying costs. Similarly, if the forecast of a company is lower than expected, it can make customers switch to the other companies. As a result, the company can face loss of competitive advantage in the market (Firestone, â€Å"How to Thrive with Inaccurate Forecasts†). In reality, forecasts cannot be 100% accurate; however, it should be able to provide an approximate picture about the future demand or trend in the market. Forecasting incorrectness imposes substantial effect on the demand planning of an organization. For instance, in service organizations, a bad forecast can possibly result in unnecessary workforce and redundant expenses, or insufficient workforce which can negatively impact on customers’ requests. Every organization, irrespective of size, maintains a buffer level which is preserved according to the demand, and bad forecasting can result in keeping a wasteful buffer level which is uneconomical for the organization (Voudouris, C. & Et. Al., â€Å"Service Chain Management: Technology Innovation for the Service Business†). There are several types of forecasts used by organizations for business, such as sales forecasts, financial forecasts, demand forecasts, supply forecasts, and economic forecasts among others. The most useful among them is the demand forecast. The reason is that numerous operations depend on accurateness of demand of any product or service, and through demand forecast, business organizations can prepare themselves accordingly. The demand forecast can determine the quantities which need to be purchased or made available in the organization’s stock or buffer in order to provide rapid service. In present day’s competitive environment, business