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i. Lack of trained in-house staff to carry out forecasting. This forces the manager to outsource and this may be costly.
ii. The business environment is fluid/dynamic hence the forecasts may be useful for a much limited period than intended as a result of significant changes in the operating environment
iii. Inadequate budget allocations for forecasting rendering the process ineffective-narrow resource base to support forecasting
iv. The use of certain qualitative techniques, which make use of human judgement, may be prone to bias hence less objective.
. Lack of cooperation on the part of personnel on forecasting projects
Kavungya answered the question on April 28, 2021 at 09:11
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Date posted: April 28, 2021. Answers (1)
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Maziwa Dairies Ltd. processes and distributes milk and milk products. Ngure, the proprietor of the business inherited the business from his father. He...(Solved)
MAZIWA DAIRIES LTD
Maziwa Dairies Ltd. processes and distributes milk and milk products. Ngure, the proprietor of the business inherited the business from his father. He is conversant with details of buying, advertising and depot management.
Each one of his depot managers and branch staff meet once every two weeks to review progress on operations. Ngure visits each depot every 2 to 3 days each week to work and supervise the branch managers.
Ngure is worried about communication and the level of motivation among the employees of the enterprise. He feels that at the fortnightly meetings he had held, all his mangers and staff listened carefully, but judging from their actions, he has begun to wonder whether they had understood what he said. Ngure has noted that many o his policies were not being strictly followed,. For instance, in the stores, he often had to re-write advertising messages, while in some of the depots, the employees were talking of joining a workers union.
Managers and employees were quoted as saying that they did not know the intentions of their employer. They believed that they could do better if they had an opportunity to communicate with Mr. Ngure and his assistants at the head office.
On his part, Ngure feels that many of his managers in the head office and in the depots as well as most of the employees are merely doing their job. They are not showing any real imagination or drive. He is also concerned that some of his best employees had quit and taken positions with a competitor. Mr. Ngure has approached a management consultant to advise him on the best way to motivate his staff and communicate better.
Required:
a)Identify and briefly explain the communication problems afflicting Maziwa Dairies Ltd.
and suggest ways of solving the problems.
b)What incentives would Ngure offer his staff in order to motivate them?
Date posted: April 28, 2021. Answers (1)
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The chief executive has assigned you the duty...(Solved)
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Date posted: April 27, 2021. Answers (1)
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a)What circumstances would make it necessary for a company to diversify?
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Date posted: April 27, 2021. Answers (1)
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Date posted: April 27, 2021. Answers (1)
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Sound Health Ltd. is a private company that deals with manufacturing and selling of anti-mosquito treated bed-nets.
The company distributes the nets in and...(Solved)
SOUND HEALTH LIMITED
Sound Health Ltd. is a private company that deals with manufacturing and selling of anti-mosquito treated bed-nets.
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The “newcomers” have had extensive private sector business experience where managerial internal controls are strict and well established.
This is in contrast with what has been happening at Sound Health Ltd., where there are many loopholes and contradictory systems of control.
Required:
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Date posted: April 27, 2021. Answers (1)
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Date posted: April 27, 2021. Answers (1)
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Date posted: April 27, 2021. Answers (1)
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Date posted: April 27, 2021. Answers (1)
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a) Outline the difficulties an organization may encounter when seeking global expansion.
b) What skills should a manager posses...(Solved)
Liberalization has opened the doors to global expansion.
a) Outline the difficulties an organization may encounter when seeking global expansion.
b) What skills should a manager posses in order to overcome difficulties?
Date posted: April 27, 2021. Answers (1)