It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and apologized even before announcing his “goodie goo-goo morning” greeting. We all responded cheerfully as we were eager to have him lead the meeting. This time round, it was not the normal business. Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits. He informed us that the company’s Board expects new work design by considering the COVID-19 safety protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision. Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government, corporate entities and other smaller businesses have been impacted significantly. Although there was a lockdown at a point and restriction of movement, some of these restrictions have been eased to allow for some economic activities to continue. Many corporate entities are still in business but with revised measures to ensure the safety of their staff against the COVID-19. Indeed, without people, businesses cannot survive! Despite the limited availability of resources to cater for adequate spacing and physical distancing (otherwise known as social distancing), it became prudent to allow a flexible work system that wouldenable some staff to work from home or on rotational basis. The Board has directed that training be organized for staff to help them position themselves better in the new work arrangements. According to the Board, “…our workers are so important to us and we must make them competent enough to handle their tasks whether working from the office or home”. The meeting was rather short, but the Human Resource Manager and his team were tasked with so much within limited time. When we eventually retired to our respective office spaces, we had to reflect deeply about new strategies for attaining the company’s vision in the face of a new work arrangement. Questions 1. With reference to specific aspects of the case above, describe four (4) managerial implications embedded in the above case study in defining management. 2. “Usually, he would ask about our targets for the week and strategies for achieving them, as well as assessment of the potential risks and benefits”. a. With reference to the statement, describe how this statement reflects any five (5) characteristics of management. 3. To what extent does this scenario highlight the complementarity of the art and science of management? (Refer to a statement in the case). 4. Quote three (3) specific statements that indicate that the management places priority on the most valuable asset of the company. 5. Describe any two (2) specific statements from the scenario that explicitly draw attention to efficiency of management. Choose the option that BEST answers the question and explain why that option answers the question. 6. The approach to enhance social distance requires an adjustment primarily in…. A. Planning B. Organising C. Directing D. Coordinating E. Control
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Case Scenario
It was another bright sunny Monday morning and as usual we had to meet to decide on our strategy
for the week. After waiting for close to 30 minutes, Chairman Michael arrived in the Boardroom and
apologized even before announcing his “goodie goo-goo morning” greeting. We all responded
cheerfully as we were eager to have him lead the meeting.
This time round, it was not the normal business. Usually, he would ask about our targets for the week
and strategies for achieving them, as well as assessment of the potential risks and benefits. He
informed us that the company’s Board expects new work design by considering the COVID-19 safety
protocols so that inasmuch as we strive to keep safe, we do not lose focus of our company’s vision.
Ghana recorded its first cases of COVID-19 in March 2020 and since then the business of government,
corporate entities and other smaller businesses have been impacted significantly. Although there was
a lockdown at a point and restriction of movement, some of these restrictions have been eased to
allow for some economic activities to continue. Many corporate entities are still in business but with
revised measures to ensure the safety of their staff against the COVID-19. Indeed, without people,
businesses cannot survive!
Despite the limited availability of resources to cater for adequate spacing and physical distancing
(otherwise known as social distancing), it became prudent to allow a flexible work system that wouldenable some staff to work from home or on rotational basis. The Board has directed that training be
organized for staff to help them position themselves better in the new work arrangements. According
to the Board, “…our workers are so important to us and we must make them competent enough to
handle their tasks whether working from the office or home”.
The meeting was rather short, but the Human Resource Manager and his team were tasked with so
much within limited time. When we eventually retired to our respective office spaces, we had to
reflect deeply about new strategies for attaining the company’s vision in the face of a new work
arrangement.
Questions
1. With reference to specific aspects of the case above, describe four (4) managerial
implications embedded in the above case study in defining management.
2. “Usually, he would ask about our targets for the week and strategies for achieving them, as
well as assessment of the potential risks and benefits”.
a. With reference to the statement, describe how this statement reflects any five (5)
characteristics of management.
3. To what extent does this scenario highlight the complementarity of the art and science of
management? (Refer to a statement in the case).
4. Quote three (3) specific statements that indicate that the management places priority on
the most valuable asset of the company.
5. Describe any two (2) specific statements from the scenario that explicitly draw attention to
efficiency of management.
Choose the option that BEST answers the question and explain why that option answers the
question.
6. The approach to enhance social distance requires an adjustment primarily in….
A. Planning
B. Organising
C. Directing
D. Coordinating
E. Control
Explain your answer……………….
(
Step by step
Solved in 2 steps
