Planning and monitoring work Assignment Example | Topics and Well Written Essays - 1250 words

Planning and monitoring work - Assignment Example This research will begin with the statement that different policies of the organization have a strong effect on planning and allocation different resources. Organization develops different strategic planning process in its policies. It develops policies according to its goals and objectives. The company makes plans according to those policies. These strategic plans help the company to guide and implement its policies successfully for meeting its mission and vision. Based on the strategies organization develop different plans for its betterment and employee growth. Organizational policies contribute a lot in forming various plans for improving management strategies. These plans help to implement trainings and programs within the company. The plan also influences the work process of the organization. Allocation of work depends a lot on company’s policies. According to the policies the company allocates resources to its different group of employees. It helps to make different spe cific teams within the company to maintain smooth work process. The HR policies of the company help to identify the appropriate employees which are required for doing different types of work. The organizational policies help to make different financial plans for implementing its various policies. The example of an objective that a team is working on to achieve is to increase the productivity of that particular team. For increasing the productivity the team will undergo specific trainings which will improve the strengths of its different team members.

Cyclermate Consultancy report Essay Example | Topics and Well Written Essays - 3000 words

Cyclermate Consultancy report - Essay Example This report will try to establish whether it is possible for Cyclermate Company to clear off its debts and attain financial stability in the near future with the increasingly loss of profitability. Background information Cyclermate Company has been enjoying unprecedented growth in the manufacture of cycles for quite some time. However, the last few years have seen the profits of this company sink sharply resulting from declined sales. The company was started in 1988 by two friends, Lewis Llewellyn and Dai Armstrong who had been in this business of making cycles for more than 20 years.The two friends brought their wealth of experience together and they decided to start a cycle manufacturing business going by the name Cyclermate. Within just a span of slightly more than two years, the firm had expanded to an extent that the two friends decided to acquire premises from where they were conducting their business. With increased demand for their product, the staff also increased considerab ly but they still insisted on keeping the staff at a skeletal minimum to cut costs. Everything was done manually or through the use of old or effective machinery. Automation was discouraged as they couldn’t justify buying the machines that were to be used in bending of the bars to manufacture these cycles. The issue of quality with these cycles arose when a cycle had an accident and blamed it on the fault of a braking system. Sales have declined and with a few creditors, Linda Llewellyn, who is Lewi’s wife and she demands that her share of the business be given to her and along term loaner, Geraint Williams, who relies on the payments from this loan to take care of his ailing wife. There is much financial pressure on the business and if measures are not taken into place, financial strain could cause the business to close down (Campello, Graham, & Harvey, 2010; Bancel, & Mittoo,2011). To this regard, the chairman Dai Armstrong and Gwyneth Morgan the secretary were taske d with the prerogative of arranging for a meeting with the bank to negotiate the possibility of an overdraft. The bank had already stipulated that this request would be highly unlikely to be considered unless the company provides proof that there would be increased trading to turn around the declining profits. To be able to know for sure whether the company can be capable of turning around and consolidate itself on the financial front in the short run, a full overview and assessment of the country will be done in this report. A SWOT analysis will be conducted to identify the areas of strengths, weaknesses, opportunities as well as threats that face this company. The issue of quality in production will also be illuminated upon. Measures that the company is undertaking to ensure it reverses these negative profits will also be looked into among other relevant issues pertaining to this case. Assumptions made To be able to provide a comprehensive and granular analysis of the company in f orm of its financial position and other aspects such as production techniques as well as marketing strategies and administration strategies, a number of assumptions will have to be made here. These assumptions are discussed in the following paragraphs. The main assumption is that both the company management and the bank acknowledge that the company had been performing well in the past but the