Business Management and Strategy

This assignment explores various aspects of business management and strategy. It covers topics such as the impact of new strategies on job roles, infrastructure needs assessment, intellectual property (patents), effective information access for employees, performance management systems, variance analysis in budgeting, resource optimization, coaching vs mentoring, future planning considerations, contract variations, and document filing systems. The assignment requires students to analyze these concepts and apply their knowledge to practical situations.

Q1)
1. Definition of all initiatives required fulfilling goals of the strategy.
2. Breaking down of initiatives into projects.
3. Estimation of the raw resources required for all strategic initiatives.
4. Determination of fully-loaded resource costs and attenuate operational budgets to
support strategic initiatives.
5. Grouping of related projects into logical programs.
6. Determination of program timelines, inter-dependencies and sequence.
7. Assigning of programs and budget responsibilities.
8. Implementation of employee-manager accountability contracts.
9. Putting into place governance for performance objective management.
10. Continuous adjustment of the plan.
Q2)
Financial resources
Human resources/personnel
Time
Equipment resources/physical.
Q3)

When developing a project operation, flow chart helps develop an understanding of how the
process is done. It also helps during a study to improve a process; it's also used in
documentation.
Q4).
1. Science, policy and technical support
2. IT department
3. Finance
4. Administration
5. Operations manager.
Q5)
1. An online survey is a great option for staff based on a computer.
2. Paper-based study.
3. Focus group Larger workplaces might find focus groups useful.
4. Compulsory meetings For a greater response rate.
5. Face-to-face Chat/informal discussions.

Q6)
Key performance indicators (KPI) are an arrangement of quantifiable measures that an
organization uses to gauge its execution after some time. These measurements are utilized to
decide an organization's advance in accomplishing its principal and operational objectives.
Q7)
KPIs help an association to quantify that it is on the right heading, that is working towards
and achieving a favorable result or change.
KPIs help an organization to characterize and measure advance toward hierarchical
objectives and goals.
Q8)
1. Mismanagement.
2. Data misfortune, for example, an accident because of natural calamities, disrupt, or other
criminal activity.
3. Personnel, for instance, demise of a senior director, or union individuals going on strike
4. crises, for example, undermining representatives or clients, and at work injuries.
Natural disasters, for example, tropical storms.
Q9)
Areas to include contingency plan
1. management
2. communications,
3. financial resources
4. logistical areas

5. technical responses areas
Q10)
Sources of information
Primary sources like creative works, first hand or contemporary accounts of events, and the
publication of the results of empirical observations or research can be used as a credible
source of information.

Q11)
A breakdown of the general operational plan into subsets and correspondence of every subset
to the work group or area that assumes liability. This empowers the work group to all the
more unmistakably comprehend, and be centered around, their part in executing the entire
arrangement.
Q12)
The use of projectors can help the workers better understand the plan and their role in the
operations during the presentation of projects.
Video conferencing can be a means of communication during a consultation.
Q13)
=100%+3%=103%
(103/100)*2500= $2573
Q14)
Stages of acquiring human resources
1. identifying both opportunities and problems that can affect your Human Resource
management plan.
2. Consider your current and future demand for human resources
3. Analyze the human resources you have available
4. Create a plan to mesh the request of personnel with the human resources you have
available.
Q15)

In the case of death of one of the immediate members of the plan.
In the event of the need for a particular profession due to arising of new strategies and plans.
Q16)
1.Equipment 2.Data 3. Environment 4. Consumables
Q17)
1.Summary of infrastructure backlog to meet the departmental norms and standards
2.the needs of the operational plan regarding physical resources
3.The competence of the organization and its services that it provides.
Q18)
An administration government or permit giving a privilege or title for a set period,
particularly the single idea to avoid others from making, utilizing, or inventing. The patent is
under industrial property which is a division of intellectual property.
Q19)
No . Because I have no rights on the image, especially if copyrighted.
Q20)
Provide employees with secure, consistent access to information. This will help employees be
up to date with information and quicken progress.
Develop a long-term technology plan. Technology makes work easier and thus checking
inefficiency
Giving incentives to employees to curb on their lagging and to motivate them in their work.
Q21)

1.Aligning individual employee's day-to-day actions with strategic business objectives
2.Providing visibility and clarifying accountability related to performance expectations
3.Documenting individual performance to support compensation and career planning
decisions
4.Establishing focus for skill development and learning activity choices
Q22)
Upper management
Subordinates
Peer
self
Q23)
1. financial information from internal information system
2. external financial information
3. quantifiable non-financial information
4. non-quantifiable other information.
Q24)
Budgets are used in operational plans to review performance and state the goals and strategies
of the operational plan
Q25)
A variance report.
Q26)
In situations where there is under-estimation of variables to cater for the flexibility of the
budget.

Q27)
I would invest in that area and make sure the people involved are well informed on the
solutions.
Q28)
Raising awareness about the importance of economical usage of resources.
Q29)
coach is impartial, aimed at improvement in conduct while a mentor has a personal drive to
help individuals
Q30)
1.the future needs of the operation
2.possible change in strategies and plans
3.future occurrence of calamities
4. the capability of the organization regarding the budget.
Q31)
1.do does not agree to any variation clause without knowledge.
2.make sure you have your steps in documenting changes.
3.seek professional advice in unclear contract terms.
4.consider a contract administrator for contract life.
Q32)
file them in a systematic manner for easy retrieval.