Company Management

  You are an employee working for a company, and you have been asked by your manager to identify an item that your company needs to purchase. My advice is to pick something simple; if you are detailed, that will be more than enough work (e.g., compare three keyboards or zip drives rather than comparing three computers). Select three models of the item you are comparing and develop the criteria you will use as the basis for your evaluations. Your primary audience (the person who requested the report) is an executive who needs to make a decision. Your secondary audience (other employees/technical people) will not make the decision but will use the report. The report will have sections with headings so that all readers can find the information they need to do their jobs. Your technical report should include the following elements in this order: Front Matter 1. Cover Letter 2. Cover Page 3. Abstract and Executive Summary 4. Table of Contents 5. List of illustrations, figures, tables, pictures, etc. (if any) Body 1. Introduction 2. Methods 3. Results 4. Conclusions Back Matter (if any) 1. Glossary 2. List of symbols 3. References 4. Appendices  
owever, the first and foremost objective in organizational planning is the maximization of the present value of the organization’s future cash flows. This is adapted for a number of reasons:
  • It is quantitative and therefore provides a clear guide for future comparisons.
  • Unlike conventional profit calculations, which are based on arbitrary accounting measurements therefore doesn’t have the problem of imprecision.
  • It deals directly with cash available to individuals for them to acquire satisfactory products or services.
  • It gives some leeway to the distribution of cash among all members concerned in the firm.

Stage 2 : The collection and analysis of data about alternative courses of action

The decisions made by management can be classified into long-term decisions, such as those involving significant changed with an organization’s operation, or short-term decisions such as those, which only affects its running for a short time like the production of a certain product. Management has the responsibility to draw up and evaluate the relative costs and benefits to the organization whichever of the decisions they are undertaking. Sometimes, a decision which appears to be easily quantified and clear cut on paper may not be so straight forward when put into practice, thus management must contemplate carefully as these decisions

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