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Flauer [41]
3 years ago
14

As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so t

hat you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem.
In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure.
You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
Questions
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 4 Marks
3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4 Marks
4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5 Marks
5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 5 Marks
1B) Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external environment’. Do you agree or not? Justify using practical examples (9 marks)
Business
1 answer:
guajiro [1.7K]3 years ago
8 0

Answer:

The organization structure is not clearly defined, Managers are performing duties in various departments at a time.

Explanation:

San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.  

Questions 1: Planning, organizing, leading and controlling  

Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.  

Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.  

Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.  

Question 5:  

(i) The profits for San Consulting will decline  

(ii) The profit will rise because employee will focus more on their specific tasks.  

1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.  

You might be interested in
Taxes on the property Buyer Alan is purchasing are $3,200 due on December 31. If the closing is set for October 15, using the 36
Virty [35]

Answer:

c) The seller's share of $2,525.76

Explanation:

The computation is shown below:

= Due amount × given number of days ÷ total number of days in a year

where,

Due amount is $3,200

Given number of days is calculated from Jan 1 to October 15 i.e

= 31 days in January + 28 days in February + 31 days in March + 30 days in April + 31 days in May + 30 days in June + 31 days in July + 31 days in August + 30 days in September + 15 days in October

= 288 days

So, the amount is

= $3,200 × 288 days ÷ 365 days

= 2,524.93

i.e 2,525.76

8 0
3 years ago
A preliminary prospectus_____________.
Ilya [14]

Answer:

The correct answers are letters "B" and "C": does not contain the public offering price of the issue; contains the financial statements of the issuer.

Explanation:

A preliminary prospectus is a registration draft companies file to attract investors' attention. This file could contain the firm's financial statements, plan of use for the funds, and overall management information. The preliminary prospectus comes before the final prospectus in which the company proposes a price range to be offered for the security issued at the Initial Public Offering (IPO).

7 0
4 years ago
If an investor buys enough stocks, he or she can, through diversification, eliminate all of the diversifiable risk inherent in o
dezoksy [38]

Answer:

The correct answer is False.

Explanation:

Diversification is a method to reduce the risk of our portfolio by investing in different assets. Its main objective is to improve the profitability we obtain in relation to the risk we assume. By investing in assets that react differently to possible future scenarios, we can avoid extreme situations in our portfolio.

Although diversification does not ensure that we will not lose money, it is one of the main tools we can use to improve the long-term return on risk / return

Non-diversifiable risk, also called systemic risk, is that which is associated with the market as a whole. It is a risk that does not affect any particular company or asset, but when it occurs affects all the assets of a market. Examples of this type of risk would be increases in interest rates, inflation, wars, changes in government, etc. In short, we are talking about a type of risk that the investor must assume as inherent in the activity of investing. We cannot eliminate this risk through diversification.

Diversifiable risk, also known as non-systemic risk, is the specific risk to each company or asset in which we can invest. The most common sources of this type of risk are business risk and the financial risk of bankruptcy of a specific asset. As prudent investors, we can use diversification to limit the impact that such events can have on all our investments.

7 0
3 years ago
Organizational ethics begins at the top, and the leadership and example of strong managers can help instill corporate values in
Nat2105 [25]

Answer:

Features of compliance- Based ethics codes

Ideal ⇒ Conform to outside standards

Compliance codes means that there are external standards that need to be complied with such as legal codes.

Objective ⇒ Avoid criminal misconduct

Going against these codes would be a criminal act if the codes are enforced by the government.

Leader ⇒ Lawyers

Lawyers enforce these codes through lawsuits as they fall under the legal realm.

Methods ⇒ Education, reduced employee discretion

To ensure these codes, employees should be educated on them to reduce instances of employee discretion.

Features of Integrity- Based ethics codes

Ideal ⇒ Conform to outside standards and chosen internal standards.

Company goes the extra mile of instituting their own standards in addition to outside standards.

Objective ⇒ Enable responsible employee conduct.

Goal is to ensure that employees act with integrity and responsibility.

Leader ⇒ Managers

As this is internal, it would be enforced by managers.

Methods ⇒ Accountability, decision processes, control.

4 0
3 years ago
Iaukea Company makes two products from a common input. Joint processing costs up to the split-off point total $47,000 a year. Th
iris [78.8K]

Answer:

Product                                             Net monetary advantage  

X                                                                   (800)                                                                                                                  

Y                                                                   1,000                  

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all costs incurred up to the split-off point are irrelevant to the decision to process further .  

Product X

                                                                                           $

Additional sales revenue from further processing  

( 47,000-25,400)                                                          21600

Further processing cost                                       <u>       (22,400)</u>

Net monetary advantage                                    <u>         (800)</u>

<u />

Product Y

                                                                                           $

Additional sales revenue from further processing  

( 54,700-37,000)                                                        17,700

Further processing cost                                       <u>       (16,700)</u>

Net monetary advantage                                        <u>  1,000    </u>

Product                                             Net monetary advantage  

X                                                                   (800)                                                                                                                  

Y                                                                   1,000                  

7 0
3 years ago
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