Task 4: Identify stakeholders’ needs which are not currently being met and explain how you aim to meet these needs in the future by implementing an improvement plan. Produce a cost benefit analysis (CBA) in support of your plan to meet these needs. Include in your CBA the estimated costs (financial and non financial) and the benefits (financial and non financial) to the organisation of implementing this plan. Based upon the stakeholder needs identified in Task 1 produce a work plan or work scenario
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Unit 5004 - Resource management Introduction This unit is about being able to identify the different types of resources available to managers‚ select and plan for their use‚ and monitor and review their effectiveness in the pursuit of organisational objectives. Scenario Learners may use their own employment context‚ or that of another organisation with which they are very familiar‚ to base their assignment. However‚ in the case that they are not able to do so‚ please use the below scenario- If
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CMI Level 3 Diploma in First Line Management Jackie Bowen Tutor Name: Liz Pawlowski Title: Meeting Stakeholder Needs Unit: 3003 Contents Page Page Number * Title Page 1 * Content Page 2 * Aim of the report 3 * Identifying Stone Computers key stakeholders 4 * Understand the process required to continually 8 Improve meeting stakeholder’s needs * Be able to prepare a case to support a change in meeting 11 Stakeholder needs
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Unit 5005 Meeting Stakeholder and Quality needs – Learning outcome 2 Quality management standards in our organization 2.1 Total Quality Management‚ or TQM‚ is the process of instilling quality throughout an organization and its business processes. Many organizations that employ a system of Total Quality Management in human resources‚ etc‚ are large companies but there is no reason why Total Quality Management theory shouldn’t work in smaller businesses as well. For Total Quality Management
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Name of stakeholder What the stakeholder wants from the business How they influence the business and if there influence is successful Rank of importance Why are they important Customers They want to company to keep their prices low and have a good customer relation with each customer‚ they also want good quality products to be sold at low prices They influence the business as the customers decide what they sell and if Tesco make money or not because the customers could easily decide to change
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The needs of various stakeholders As we already discuss about the important of the stakeholders. A stakeholder does not exist but makes demand of the organization. The reason why stakeholders are important in strategic analysis is because of they want something from the organization. The demand of different stakeholders may become conflict to each other. For example shareholders of Tesco want maximum returns from the organization whereas the management team may retain profits for long term investment
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CMI Level 5 Diploma in Management and Leadership Resource Management (Unit 5004) Assignment – Title Name: Student No: Tutor: Assignment Profile: Individual Report Hand in Date: ‘I Martin Scott fully understand and abide by the Sunderland College guidelines on plagiarism. This work is my own and references to other work have been cited correctly.’ Appendix 2 – Reflective Statement Template Level 5 Diploma in Management and Leadership Unit
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Name: Phillip Liburd Membership number: P04323553 Unit: Meeting Stakeholder and Quality Needs Company: Allen Gears Centre: Black-Elk Business Alignment Limited Description: My current role at Allen Gears is as a Sales Engineer. I do not hold a managerial role but I am making progress to achieve a qualification that will allow me to manage in the near future. Reflective Statement In this module I have had to think about how this company functions in a lot more detail than
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profitability by reducing costs and setting up the right price. Regards‚ Erin Hunter 1.1 Increase the transfer price of carburetors We should agree with Kevin’s proposal to increase the transfer price of carburetor engine from $ 400 to $ 500 per unit‚ which is the market price of such engine. The analysis was completed based on market price and it revealed that not only ED performs better; but ROI improves from 8.5 % to 13.5% as well as such a transfer pricing solution has a favorable impact on
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how to operate a business. We are focused on providing our customers with not just a quality product‚ but also an overall experience. Our mission statement is as follows: honesty‚ integrity and personal growth in all of our dealings with stakeholders. Our values are the rules by which we operate. At Harley-Davidson‚ we are equally committed to a corporate vision that mandates how we run our business. Within this vision we emphasize the relationships that we deem crucial to our success‚
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