Mgtp102 Management Principles Answers | Assessment Answer
The facts and issues of the case study were outlined. Relevant theory was presented and explained. The presentation was for 10 minutes duration.
Application of theory to the Case Study The theory was applied to the case study to answer the 3 questions posed.
Quality of the PresentationClarity, pace, fluency, pronunciation, vocabulary, sentence structure, grammar, gesture, eye contact.
Use of visual aids Carefully prepared and utilised well.
Every student within a group consisting of members is required to participate in the preparation and delivery of a minute group presentation on a selected business topic.
An individual self-reflective summary on the task and the presentation slides should be submitted in Moodle before the presentation.
Answer:
Introduction
A brief Summary of HID
HID owns holiday inns and hotels of several different types
They are all in Australian region and one in Fiji
Define and discuss the vision, mission and strategic goals of the company Case study Analysis
What is HID’s mission at p
resent? How may this mission change?
Mission is defined as being the reason of the organization for existence
Offers medium priced hotel service
Provide service in smaller towns across the Australia
Enabling them to master in market since there is very little scope of competition in the small towns
How may this mission of HID change?
Change in mission Increase in the number of hotels Expand into the major cities and overseas
Pricing Strategy
It have to change its prices for accommodation in order to become competitive within strong density areas
Target Market
Instead of only focusing on the smaller towns, it has to focus on the major urban areas outside of Australia
How do you think HID’s mission, strategic goals and strategic plans are likely to be at the end of this planning session? Why?
Because of the different managerial opinions and the fact that they are unable to reach any consensus on the future of hard to identify what was the end of the meeting.
At the end of the meeting the conclusion is-
Managers are considering to change the mission in order to reflect ongoing expansion of the operation of the HID’s.
For this, SMART theory and Management By Objectives (MBO) process model could be used
SMART Theory is used to define every goal
It is because it would help the HID progress forward because it considers changing.
To implement new strategies
Managers will
Set new goals
Develop an action plan
Review the progress
Take effective corrective action if its necessary.
Conduct appraisal for overall performance (Kerzner and Kerzner 2017)
What goal setting behavior is being used here to reach agreement among HID’s managers? Do managers typically disagree or agree about the direction of their organization?
Very less goal setting behavior is used here to reach an agreement about the future of the HID.
There was a general common opinion among the managers but all the opinions are been splitted that would lead on to a constructive goal setting behavior in the next coming meetings.
The managers typically disagree about few direction and aspects existing within the company
If everyone would have agreed then the company would not innovate and change to a best company.
What level of planning and goal setting does marketer Scott Pearl perform for Modern Shed?
Outsources his sales and marketing activities to the outside contractors
Acts as the head of the sales department and virtual marketing of Modern Shed
Carries out both operational and tactical planning for the Modern Shed
The five characteristics of effective goals are:
Should be measurable and specific
Should be realistic and challenging
Should have a well defined time-period
Should be directly linked to rewards (Barrick, Mount and Li 2013)
Do Scott Pearl's goals meet the criteria of effective goal setting as discussed in the chapter? Explain.
Yes, Scott Pearl's goals meet the criteria of effective goal setting as discussed in the chapter.
His goals do contain some specific sales targets which are both measurable and specific
He stated the larger dwellings of Modern Shed requires to make up 25% of all the sold products.)
It was both realistic and challenging
Modern Shed was very famous with the people who seek small backyard studios
He was focusing on the larger sheds of the company – 12 ft. X 16 ft.
What are some of the ways in which Scott Pearl’s plans and goals benefit Modern Shed as an organization? Are there potential downsides to such planning?
It has helped in building more experiences
It helped in making networks
No, there are no potential downsides to such planning.
References:
Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.
Barrick, M.R., Mount, M.K. and Li, N., 2013. The theory of purposeful work behavior: The role of personality, higher-order goals, and job characteristics. Academy of management review, 38(1), pp.132-153.
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