Setting goals and objectives in an organisation Essay

566 WordsApr 21, 20093 Pages
Question 1 1.1. Goals - Our goal is to reach a successful enterprise within twelve months. - To improve productivity to keep customers satisfied. 1.2. Objectives - To increase productivity of FabFizz sales with 10% before 10 March 2008 - To have an increased profit margin of 30% at the end of December 2008 Question 2 The Planning process of FabFizz: 1. Determine and state the Organisational objectives  Our goal is to a successful enterprise within twelve months.  To improve productivity to keep customers satisfied.  To increase productivity of FabFizz sales with 10% before 10 March 2008  To have an increased profit margin of 30% at the end of December 2008 2. Assess threats and opportunities POSSIBLE THREATS POSSIBLE OPPERTUNITIES Lack of Employee discipline To have an increase in employees to Decreasing in interest rates bring in more/better ideas/creativity Probability of not having the for increased productivity. Correct equipment/people/ If all teams work within their budgets, resources, to produce a better there is a possibility for better product. Organized plans and outcomes, and reaching higher profits. 3. Assess strengths and weaknesses  Does the employees have the necessary skills and resources for achieving the goals? STRENGHTS WEAKNESSES FabFizz has highly qualified employees. Employees, despite their high skills levels, have little or no experience in their industry. excellent technical orientation. Lack of communication skills. Very good marketing skills. Difficulty in working in teams 4. List alternative ways of reaching objectives  A promotion of the new product could be held, selling the new product at a reduced price.  A competition of offering prizes with the purchase of the new product.

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