MGT501: Management Principles and Practices - Case Discussions and Elevator Pitches

MGT501
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Part A
Elevator Pitches
Elevator pitch for topic 6
Question: is planning dead?
My response Posted on (date): 11 May 2018
According to me all the concept of the management is clear due to the planning. Planning is
the management tool that helps in accomplishing the organizational goals. Planning
contribute to providing directions to the employees and stakeholders. It bridges the gap
between where is the country is and where it wants to go. Due to increase in technology and
competition the organization need to make planning before implementing any strategies. Not
it works only developing planning but also needs to develop assumptions so that the company
can deal with the situation and can gain the advantage of the competition. Planning is a time-
consuming process but it provides great benefit for longer period of time. A well- planning
can make rate of change in the business environment. I am totally in favour of developing the
planning process while implementing any business strategies.
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Elevator pitch for topic 7
Question: Walking both sides of the street
My response Posted on (date): 11 May 2018
Planning is the core stage of every ladder. As I am working in the electronics and appliances
retailer shop personally, I am in favour of conducting planning process in the organization.
As there is several technological breakout which is common in every industry the customer's
expectations also increases that provide several choices to the customers. In order to deal
with the customers, we need to adopt innovation with delivering the product in an effective
way that will help in attracting the customers. Customers will go to appreciate the efforts of
the company when the company deliver the product effectively and efficiently. As we are on
leading stage we need to move towards the modern approaches through maintaining the
quantitative segmenting that can be created through various sources such as the behaviour of
customers, psychographic data gathered online and offline, tracking machines and so on.
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