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Importance of Defining the Objectives, Scope and Success

   

Added on  2020-10-22

14 Pages4246 Words489 Views
BusinessAdministration-70

Table of ContentsINTRODUCTION...........................................................................................................................4MAIN BODY...................................................................................................................................41.1 Explain the importance of defining the objectives, scope and success criteria of thedecisions to be taken...................................................................................................................41.2: Assess the importance of analysing the potential impact of decision making.....................51.3 Explain the importance of obtaining sufficient valid information to enable effectivedecision making..........................................................................................................................51.4: Explain the importance of aligning decisions with business objectives, values and policies.....................................................................................................................................................51.5: Explain how to validate information used in the decision making process.........................61.6: Explain how to address issues that hamper the achievement of targets and qualitystandards......................................................................................................................................6TASK 2............................................................................................................................................72.1: Explain the difference in the influence of managers and leaders on their teams.................72.2: Evaluate the suitability and impact of different leadership styles in different contexts......72.3: Analyse theories and models of motivation and their application in the workplace...........8TASK 3............................................................................................................................................83.1: Analyse a manager's responsibilities for planning, coordinating and controlling work......83.2: Explain how managers ensure that team objectives are met................................................93.3: Explain how a manager's role contributes to the achievement of an organisation’s vision,mission and objectives................................................................................................................93.4: Analyse theories and models of management....................................................................103.5: Explain how the application of management theories guide a manager's actions.............103.6: Explain the operational constraints imposed by budgets...................................................10TASK 4..........................................................................................................................................114.1: Explain the relationship between business objectives and performance measures............114.2: Explain the features of a performance measurement system.............................................114.3: Explain how to set key performance indicators (KPIs).....................................................12

4.4: Explain the tools, processes and timetable for monitoring and reporting on businessperformance...............................................................................................................................124.5: Explain the use of management accounts and management information systems inperformance management.........................................................................................................124.6: Explain the distinction between outcomes and outputs.....................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONLeadership refers to an ability and skilled of an individuals called as leader to influencethe interest and working behaviour of its team members and get work done from others in moreeffective and efficient manner. An individual said to be a good leader who have an ability toguide its followers to perform in right direction with maximum efforts and dedication. Thepresent assignment report is based on Rowlinson Knitwear which is engaged in providing schooland corporate wear garments to the people of United Kingdom. The management of anorganisation decide to launch a new mobile application to facilitate its clients to buy theirproducts without visiting at their stores. The project includes the importance of objectives, scopeand success criteria along with the analysing the potential impact of decision-making. Theproject also discusses the differences between managers and leaders, leadership styles,motivational theories, models of management and features of performance managementindicators.MAIN BODY1.1 Explain the importance of defining the objectives, scope and success criteria of the decisionsto be takenThe management of Rowlinson Knitwear decide to launch new mobile application inorder to make easy for buyers to buy right products after determining prices and reviews by pastcustomers on such products. Thus, it is the main objective of company which must be definedtowards employees in order to communicate about their roles and responsibilities in execution ofsuch decision in desired way. It assist company to achieve huge customer strengths due to whichit has wider scope which will bring motivation among employees to work hard and perform withfull dedication and enthusiasm (Allais and Hagen, 2013). The possibilities of achieving successbehind launching new mobile application are very high as nowadays maximum number ofpeople are having smartphones and like to buy products through mobile app due to consumingless time and efforts. Therefore, the scope of launching a new mobile app is high whichmotivates employees to doubled their efforts in order to assist company in achieving competitiveadvantage and success in rivalry market.4

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