Manage Operational Plan Assessment Activity 1 Describe the purpose of the operational plan and describe its relationship to the strategic plan. An operational plan is an organisational planning document derived from the strategic plan. The strategic plan provides a high-level outline of the organisation’s mission‚ general direction and broad goals and the operational plan is a detailed document that outlines how the organisation’s strategic goals will be achieved in practice. The operational
Premium Financial statements Luxury good Strategic planning
‘thinking’ hours and calculated the net productivity. And again a practical application of EBM was the decisions that I have taken in my previous organization on the basis of statistics of performance alone and not knowing the reasons for poor performance. Because of which‚ I completely missed the human dimension of management. Citing an example over expectations‚ its 5:00 AM in the morning and my alarm rings and when I was about to hit the snooze button my mobile drops on the floor. After searching
Premium Motivation Behavior Human behavior
Running head: OPERATIONAL ANALYSIS Operational Analysis Ashford University Public Financial Management PPA602 Instructor: Ronald Fitzgerald June 03‚ 2013 Operational Analysis “Meals on Wheels” is a great organization that was originally developed to help out servicemen during WWII. It then continued its roots by serving Philadelphia in the 1950s as a home-delivery program serving those that are hungry. The focus since the 70s has been to serve senior citizens who
Premium Net present value
sell them individually to neighbors for a small margin. The business savvy boy expanded his sales to include Christmas cards‚ seeds‚ pens and pencils. But it wasn’t until‚ at the age of 17 with money he received from his father for his academic performance‚ did Ingvar have the means to expand his offerings to include picture frames‚ wallets‚ and jewelry; ultimately formalizing his retail operations under the name IKEA. The 1940 and 50s brought a burgeoning demand for furniture‚ largely as a result
Premium IKEA
companies spend months for developing strategies. Years later the performance of the company is nowhere near what the plan had projected. Often leaders think that the execution failed‚ but in most cased they need a better strategy to stop their underperformance. To close this so called “strategy-to-performance-gap” disciplined planning and execution processes are needed. In the fall of 2004 Marakon Associates surveyed companies translating their strategy into performance to analyze the most common causes
Premium Planning Plan Management
diversity in the workforce. The latest strategy is to leverage diversity as a competitive business strategy. This paper will evaluate Allstate Insurance Company’s goal setting process and how they have used diversity as a strategy leveraging differences in order to create a competitive advantage in today’s diversified market. It will also discuss Allstate’s competitive advantage with the development of the Diversity Index and recommend what types of high-performance reward systems Allstate could use
Premium Management Business Reward system
CU744 - Evaluate and Improve Own performance in a Business Environment. 1.1 Explain the purpose and benefits of continuously improving own performance in a business environment. This improves the quality of my work which in turn proves that I am capable of further responsibility. More experience and responsibility could be useful in gaining future job roles. 1.2 Explain the purpose and value of encouraging and accepting feedback from others. The purpose of feedback is to let me know what
Premium Improve Learning
Culture and its Primary Dimensions Christina Neal West Virginia State University CULTURE AND ITS PRIMARY DIMENSIONS Culture is a learned set of assumptions‚ values‚ and beliefs that members of a group have accepted and that affect human behavior (Michael A. Hitt‚ 2012). It’s the characteristics of a group of people‚ defined by their language‚ religion‚ cuisine‚ social habits‚ music‚ and art. The United States is now largely populated by immigrants‚ so the culture surrounding us is ever-changing
Premium Cross-cultural communication Geert Hofstede Culture
Operational Plan Organization structure The organization structure plan is to define departmental activities and responsibilities. This structure can brings order to hotel operation and ensure the hotel can run efficiently and effectively. Moreover‚ as our hotel is a small hotel with rooms less than 500 rooms and we only provide limited services‚ we will adopt the departmental structures of a limited-services hotel. In our hotel organizational structure‚ we have five departments including
Premium Management Customer service Sales
Dimensions of Religions Religion involves some acknowledgement of the supernatural. Therefore: communism/utilitarianism are NOT religions Various dimensions of religious beliefs -Agentic VS. Communal -Agentic: free agent. -Connection with God on a personal level -e.g. Jesus died for MY sins -Communal -Connection with God on a community level -e.g. Covenant made by God with the Israelites -Catholicism: relatively communal -Catholics have agentic aspects because of the personal connection
Premium Religion Faith Christianity