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B) There Are Many Policies in Use in Organizations. Elaborate Five Features of an Effective Business Policy. 10 Marks Question Four A)

Вопрос

b) There are many policies in use in organizations. Elaborate five features of an effective business policy. 10 marks Question Four a) Explain five features of business ethics. 10 marks b) elaborate principles of operations management as advanced by Randall Schaeffer. 10 marks Question Five a) Discuss the main sections of a business plan. 10 marks b) Describe the organizational development process. 10 marks

Решения

4 (266 Голоса)
Доминика
Экспертная проверка
профессионал · Репетитор 6 лет

Ответ

Question Four:a) Five features of business ethics are:1. Honesty and Integrity: Business ethics requires honesty and integrity in all business dealings, including interactions with customers, employees, and stakeholders.2. Fairness and Justice: Business ethics emphasizes fairness and justice in all business practices, ensuring that all parties are treated equitably and without discrimination.3. Responsibility and Accountability: Business ethics requires businesses to take responsibility for their actions and hold themselves accountable for any negative impacts on society or the environment.4. Respect for the Law: Business ethics requires compliance with all applicable laws and regulations, including those related to labor, environmental protection, and consumer protection.5. Social and Environmental Responsibility: Business ethics encourages businesses to consider the social and environmental impact of their operations and to take steps to mitigate any negative effects.b) Principles of operations management as advanced by Randall Schaeffer include:1. Efficiency: Operations management aims to optimize the use of resources to achieve maximum efficiency in production and delivery processes.2. Quality: Operations management focuses on ensuring the quality of products and services through effective quality control measures and continuous improvement initiatives.3. Innovation: Operations management encourages innovation to improve processes, products, and services, and to stay competitive in the market.4.: Operations management prioritizes customer satisfaction by understanding customer needs and preferences and delivering products and services that meet those needs.5. Sustainability: Operations management promotes sustainable practices to minimize the environmental impact of business operations and to ensure long-term viability.Question Five:a) The main sections of a business plan are:1. Executive Summary: A brief overview of the business plan, highlighting the key points and objectives.2. Company Description: Detailed information about the business, including its history, mission, and vision.3. Market Analysis: Analysis of the target market, including market size, growth potential, and competitive landscape.4. Organization and Management: Information about the business's organizational structure and management team.5. Products and Services: Description of the products or services offered by the business, including features, benefits, and pricing.6. Marketing and Sales Strategy: Plan for promoting and selling the products or services, including advertising, promotions, and sales tactics.7. Financial Projections: Projections of the business's financial performance, including revenue, expenses, and cash flow.8. Funding Request: If applicable, a request for funding and a description of how the funds will be used.b) The organizational development process involves several stages:1. Assessment: Identifying the organization's strengths, weaknesses, and areas for improvement.2. Planning: Developing a plan for addressing the identified areas for improvement and setting goals for organizational development.3. Intervention: Implementing the planned interventions, such as training programs, coaching, or organizational restructuring.4. Evaluation: Assessing the effectiveness of the interventions and making adjustments as needed.5. Sustainability: Ensuring that the changes made during the organizational development process are sustained over time and integrated into the organization's culture and practices.