Your estimated budget to create a website application, that could automatically pull data from all of the user'sconnected profiles and submit scholarships applications that may be available to the user, was $2.7 million.Since the company reduced all the forecasts by 10%, you submitted your forecasted budget as $3 million. Thispractice is called as:APadding estimatesBPlanning horizonBudget structureD) Organization culture

Padding estimates refers to the practice of inflating the estimated budget or time required for a…

Answered: Your estimated budget to create a…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter19: Managing Quality And Performance

Section: Chapter Questions

Problem 3EE

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How to respond to this in 100 words? A SWOT matrix is a strategic planning tool that is used to evaluate the strengths, weaknesses, opportunities, and threats of an organization or a project (Parnell, 2017). It is a visual representation that consists of four quadrants, with each quadrant focusing on one aspect of the SWOT analysis. Strengths generally refer to the internal capabilities and resources that an organization possesses (Parnell, 2017)). These can include factors such as a strong brand image, a skilled workforce, advanced technology, or efficient processes (Puyt et al., 2020). Weaknesses, however, highlight the internal limitations and areas of improvement (Parnell, 2017). These can be areas where the organization lacks expertise, has limited financial resources, or is facing challenges such as high employee turnover (Puyt et al., 2020). Opportunities and threats are external factors that the organization has little or no control over, as they are external controls (Parnell,…
I have attached the unit readings to assist in answering hthe question The Scenario Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together. Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager. ‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s…
Q1: Describe planning as a five-step process (with examples)Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy. Q3: Differentiate among corporate-level, business-level, and functional-level strategies.Q4: Differentiate between programmed and nonprogrammed decisions, and explain whynonprogrammed decision making is a complex, uncertain process.
Which among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.
The weekly meetings of Lyle's staff have had little attendance, and those who attend usually do multitasks instead of paying attention. Using the research cycle, Lyle discovered that the problem is that the time of the staff meeting coincides with the delivery date of the weekly financial reports. Read the following possible courses of action and decide what is the BEST way for Lyle to handle the situation and what is the WORST way for him to handle the situation? 1. Inform staff that your meeting has more priority than the reports of the finance department. 2. Change the meeting time of the staff until after they submit the weekly reports and see if improves assistance and focus. 3. Cancel staff meetings so that the team can concentrate on completing their financial reports. 4. Allow staff to continue performing multiple tasks so that they can attend their meeting and do the financial reports.
Your organization has been given a budget to hire several new software developers. Your goal: Hire two (2) new software developers. Your co-worker comments that your goal is not specific, but what else is missing from this goal? Group of answer choices M A R T
Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.
Base on the picture, why is scenario planning important in the business or workplace?
Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.
Base on the picture, why is scenario planning important in the business or workplace?
critically analyze the tools that are used for Report generating for executive level, management level (periodic and ondemand) from internal and/or external data of an organization for faster decision making.
You are a manager, and your direct report is complaining about not being involved in the planningprocess. How do you respond?

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