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Nov 14

A well established organisation wishes to carry out an analysis of its strengths, weaknesses, opportunities and threats (SWOT).The task has been assigned to you. Explain the procedure you would follow in carrying out the task

SWOT ANALYSIS The overall evaluation of a company’s strengths, weaknesses, opportunities, and threats is called SWOT Analysis. External environmental analysis (opportunity and threat analysis) In general, a business unit has to monitor key macro environment forces (demographic- economic, technological, political-legal, Read more

Nov 14

Diversification is important in every dynamic organisation.What circumstances would make it necessary for a company to diversify?

Diversification refers to an organisation’s move to scale-up its presence through the introduction of new products in new markets a) Circumstances that may render it necessary for a company to diversify include: • The need to achieve operating economies • Read more

Nov 14

Describe ways in which managerial functions enhance productivity in the organization

Ways in which managerial functions enhance productivity in the organization. The managerial functions are the separate parts (activities) that make up the whole process of management. They can be described as the activities that are inherent in most managerial jobs. Read more

Nov 14

SOUND HEALTH LIMITED Sound Health Ltd. is a private company that deals with manufacturing and selling of anti- mosquito treated bed-nets. The company distributes the nets in and outside Kenya. The chief executive of Sound Health Ltd. has stated that the objective of the company will be “to supply the best possible product to the greatest number of consumers at the lowest possible cost”. The lowest possible cost will only be achieved by introducing a number of radical changes which will affect employees, shareholders and management. The ultimate goal will be to improve the efficiency of operations. The holders of this view who include the chief executive are people who joined Sound Health Ltd. recently and have not stayed in the organization for more than three years. This group is small in number but they are quite influential. The “newcomers” have had extensive private sector business experience where managerial internal controls are strict and well established. This is in contrast with what has been happening at Sound Health Ltd., where there are many loopholes and contradictory systems of control. Required: Explain the reasons why the chief executive may realize that the interests of customers could conflict with efforts to serve the shareholders

The chief executive may realize that the interests of customers could conflict with the efforts to serve the shareholders of Sound Health Ltd because: i) The shareholders may require higher returns on their investments in the company which may only Read more

Nov 14

SOUND HEALTH LIMITED Sound Health Ltd. is a private company that deals with manufacturing and selling of anti- mosquito treated bed-nets. The company distributes the nets in and outside Kenya. The chief executive of Sound Health Ltd. has stated that the objective of the company will be “to supply the best possible product to the greatest number of consumers at the lowest possible cost”. The lowest possible cost will only be achieved by introducing a number of radical changes which will affect employees, shareholders and management. The ultimate goal will be to improve the efficiency of operations. The holders of this view who include the chief executive are people who joined Sound Health Ltd. recently and have not stayed in the organization for more than three years. This group is small in number but they are quite influential. The “newcomers” have had extensive private sector business experience where managerial internal controls are strict and well established. This is in contrast with what has been happening at Sound Health Ltd., where there are many loopholes and contradictory systems of control. Required: Explain the role of a manager in reducing operational costs in an organization

The role of a manager in reducing operational costs in an organisation i. The manager is a central figure in the introduction of radical changes through proceses such as BPR and TQM ii. Ensuring that resources are committed to their Read more

Nov 14

Liberalization has opened the doors to global expansion.Outline the difficulties an organization may encounter when seeking global expansion

Difficulties in seeking global expansion • Language barriers may cause a problem of translation. • Cultural attitudes towards factors such as time and productivity e.g. keeping appointments. • Lack of education and technical skills in the workforce: The developing countries Read more

Nov 14

The manager is frequently faced with the task of introducing change in the organization. What are the reasons for innovation and change in the organization?

Introduction All organizations at one point or the other undergo changes. Some organizations change mainly in response to external circumstances (reactive change): others change principally because they have decided to change (proactive change). However, it is good to note that Read more

Nov 14

Outline the components of Total Quality Management (TQM

The components of Total Quality Management (TQM) The main ideas around Total Quality Management (TQM) are: i. A systems approach: Managers must be responsible for three systems-the social or cultural system, the managerial system and the technical system. ii. The Read more

Nov 14

Your organization has identified a need in the market, which it seeks to satisfy through new product. State and describe the stages in new product development

A. State and describe the stages in new product development. The following are the reasons why new products are developed: a) New products may help business organizations meet the pressure of competition. The probability of consumers choosing a give company’s Read more

Nov 14

Your organization has identified a need in the market, which it seeks to satisfy through new product.What factors contribute to the success of new product development?

Factors that contribute to the success of new product development • Teamwork: New product development is most effective when there is teamwork among research and development, engineering, manufacturing, purchasing, marketing and finance departments from the very beginning. The product idea Read more