Comment on the following goals and revise these, if necessary, according to the ideal characteristics of goals (SMART/FAST). Justify your answers well and provide context to your answers. a. I want to run the best restaurant in Los Baños.
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Comment on the following goals and revise these, if necessary, according to the ideal characteristics of goals (SMART/FAST). Justify your answers well and provide context to your answers.
a. I want to run the best restaurant in Los Baños.
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How to revise the statement based on FAST goals?
by Bartleby Expert- Randall is the leader of a team of sales representatives for a used car dealership. The company is independently owned but since it is located in a large metropolitan area, it does a large business. On average, the company keeps about 500 cars in stock, ready for customers from all walks of life. In recent months, the company’s sales have declined considerably, and profits are down by over twenty percent. Randall did a market analysis and discovered that the company is losing business to a new online used car dealership that maintains an inventory of over 2,500 cars and services a tri-state area, including the metropolitan area where Randall’s company is located.Randall discusses this with his team of sales representatives and suggests that they need to change the way they do business. He recommends that they develop a website and allow customers to do business online, as well as in person at the dealership. He also suggests that they need to purchase a nearby vacant lot and use it to…Effective planning is essential for achieving both short-term and long-term goals. It involves careful consideration of various factors such as resources, timelines, potential obstacles, and desired outcomes. A crucial aspect of effective planning is setting realistic and achievable objectives. Unrealistic goals can lead to frustration and demotivation, while achievable goals provide a sense of direction and progress. Furthermore, effective planning requires thorough research and analysis to identify potential risks and opportunities. By anticipating challenges and leveraging opportunities, individuals and organizations can mitigate risks and maximize their chances of success. Additionally, effective planning involves allocating resources efficiently. This includes not only financial resources but also human capital, time, and technology. Proper resource allocation ensures that resources are utilized optimally and that the plan is executed efficiently. Moreover, effective planning…(1) Each goal has at least 1 lead and 1 lag measure. List these(2) For each measure: Clearly explain, using research, why you think the measure is the most appropriate and realistic metric for the given goal. You may compare different alternative measures and point out the measure you choose is the best measure.Note that to say one measure is better than other measures, you need to have criteria to compare. So, the criteria can be, but not limited to:- Strong causal link between the movement in the measure with the movement in the phenomena you want to measure- Cost-effective: easy and cheap to implement- Accuracy: data collected are accurate(3) Check if measures for different goals are relatively linked with each other. Perspective Strategic Objective Lead Measure Lag Measure Financial Reduce Cost & Waste Achieve sustainable revenue growth Enhance Customer Value Customer Promote Ethical and Sustainable Consumption…
- Given the following payoff table with the profits ($m), a firm might expect alternative investments (A, B, C) under different levels of interest rate. (attached) Assume now that the payoffs are costs answer the following: (a) Using an optimistic approach (maximax), which option would you choose? (b) Using a pessimistic approach (maximin), which option would you choose?(c) If you are a LaPlace decision maker, which option would you choose? (d) If you are a Hurwicz decision maker, which option would you choose with α = 0.2?(e) Using a minimax regret approach, which option would you choose?(f) Using the same probabilities of 0.35, 0.3, and 0.35 for possible interest levels 1, 2, 3 respectively, which decision alternative will minimise the expected cost? What is the expected annual cost associated with that recommendation? g) What is the most the firm should be willing to pay to obtain further (perfect) information (EVPI)? h) Use the alternative method to verify EVPId iscuss the potential consequences of setting goals that are too ambitious or unrealistic in managementHow do line and staff personnel collaborate each other toward the the goals of business?
- Planning is a fundamental aspect of achieving goals and navigating through life's complexities. Whether it's outlining a career path, organizing a social event, or strategizing for a business venture, effective planning provides a roadmap for success. It involves setting objectives, identifying resources, and establishing a sequence of actions to reach desired outcomes. A well-thought-out plan not only enhances efficiency but also minimizes uncertainties, enabling individuals and organizations to adapt and respond effectively to challenges. In essence, planning is the bridge between aspirations and accomplishments, turning dreams into tangible reality. How can individuals strike a balance between meticulous planning and the flexibility needed to navigate unexpected obstacles?Saleh works eight hours a day. He makes a daily “To do list” to complete his work tasks. Saleh adds to that list eight hours of sleeping and four hours to play with his kids and two hours for socializing and exercising. What he has prepared is known as: A. An effective plan B. A balanced plan C. A holistic planCan i get help with all of the questions.... i am running out of tutor questions so doing most questions would really help me out right now thank you Questions? Find the optimal solution and the maximum profit. In which plant there will be idle capacity and how many units (in thousands)? Do alternative optimal solutions exist? Justify your answer. If they exist, use the stepping stone algorithm and find the second optimal solution. Present your analysis in a graphically neat manner. Use any drawing technique you like – just make sure it looks fairly professional. Produce the third optimal solution by taking a combination of 20% of the first optimal solution and 80% of the second one. Attach all relevant exhibits from Excel’s Solver calculations. Use PrintScreen, edit/copy/paste, etc. – whatever you like.
- Planning is the cornerstone of human progress, a deliberate process that transforms dreams into tangible realities. It involves envisioning a desired future state and charting a course of action to reach it, drawing upon a blend of foresight, analysis, and resource allocation. From the intricacies of personal finance to the complexities of urban development, planning permeates every aspect of our lives, guiding decision-making and shaping outcomes. At its core, planning is about setting goals, identifying obstacles, and devising strategies to overcome them. It requires a keen understanding of both internal and external factors that influence the path forward, as well as the flexibility to adapt to changing circumstances. From the drafting of a business plan to the scheduling of daily tasks, effective planning is essential for maximizing efficiency and productivity. Moreover, planning fosters accountability and responsibility, providing a framework for evaluating progress and making…Select 2 and complete the VRIO analysis. Say whether you think each of these is Valuable, Rare, Inimitable, and whether an MBA Program can be Organized to Exploit the given resoruce or capabilitiy. And then provide three sentences providing an explanation for your answer. The remaining six resources that you have to choose among are:Location, Funding (Scholarships or Research), Reputation/Brand, Sports teams, Housing, Programming/Classes.Effective planning is a crucial element in achieving goals and navigating through various aspects of life. Whether it's organizing daily tasks, outlining long-term objectives, or strategizing for a project, planning provides a roadmap that helps individuals and organizations stay focused and organized. A well-thought-out plan not only facilitates smoother execution but also enhances the likelihood of success. It involves setting clear objectives, identifying resources, establishing timelines, and anticipating potential challenges. Through planning, individuals can prioritize tasks, allocate resources efficiently, and adapt to changes effectively. In essence, planning serves as a foundation for success in both personal and professional endeavors. Question: How does effective planning contribute to adaptability in the face of unexpected challenges?
