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Planning:
The first of the managerial functions is planning. In this step, the manager will create a
detailed action plan aimed at some organizational goal. Our company objectives is
increase revenue, increase profit, have happy customer, support the community. Our
company strategy to achieve a objectives is achieve sales quota, increase customer
renewal rate, launch new product, increase utilization rates, reduce product costs,
increase onsite customer visits and sponsor some events. Our company make a
discounts for orders made for sports-teams and special discounts for colleges and high
schools in order to achieve sales quota. Our company also make advertising activities
of G-POWER in two fold, online and offline. The objective of we advertising strategy is
to increase customer renewal rates and reinforce that idea with an aim of differentiating
the products and persuading customers towards purchase. Our company has always
aimed at increasing availability & visibility of our products in order to follow the growth of
sales and reduce more profit. We make new product with have a special flavor, less
sugar and carbonate gas.
Organizing :
Leading :
Controlling :
Controlling is the last of management functions. There are some step of controlling that
our company have taked include establishment of standards, measurement of
performance, comparison of actual and standard performance, Taking remedial actions.
Standards are the plans or the targets which have to be achieved in the course of
business function and as the criterions for judging the performance. This standard can
classified into two which tangible(cost, output, expenditure, time, profit) and
intangible(performance of a manager, deviation of workers, their attitudes towards a
concern). Controlling becomes easy through establishment of these standards because
controlling is exercised on the basis of these standards. The second major step in
controlling of GPOWER company is to measure the performance . Performance of a
manager cannot be measured in quantities, so our company measured it by attitude of
the workers, their morale to work, the development in the attitudes regarding the
physical environment and their communication with the superiors. Comparison of actual
performance with the planned targets is very important. Deviation can be defined as the
gap between actual performance and the planned targets. Our manager has to find out
two things here- extent of deviation and cause of deviation. Our manager has to find out
whether the deviation is positive or negative or whether the actual pe rformance is in
conformity with the planned performance. Our managers have exercise control by
exception. He has to find out those deviations which are critical and important for
business. Minor deviations have to be ignored. Major deviations like replacement of
machinery, appointment of workers, quality of raw material, rate of profits, etc. should be
looked upon consciously. Once the deviation is identified, a manager has to think about
various cause which has led to deviation. The causes can be erroneous planning, co-
ordination loosens, implementation of plans is defective, supervision and
communication is ineffective. Once the causes and extent of deviations are known, our
manager has to detect those errors and take remedial measures for it. There are two
alternatives that have been taken by our company is taking corrective measures for
deviations which have occurred. After taking the corrective measures, if the actual
performance is not in conformity with plans, our manager revise the targets. It is here
the controlling process comes to an end. Follow up is an important step because it is
only through taking corrective measures, a manager exercise controlling.
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