Name: Thobeka Nontobeko Sunshine Surname: Madlala Student Number: 61096954 Module Name: Contemporary Management Issues (MNG 2602) Section: A Assignment 01 Question 01 Definition of SWOT: Managers engage in a planning process to identify organizational strengths (S), weaknesses (W), environmental opportunities (O), and threats (T). Two components of SWOT Analysis are as follows: Corporate level Strategies- A plan of action to manage growth and development of an organization so as to maximize its long-run ability to create value Business level strategy – A plan action to take advantage of favorable opportunities and find way to counter threats so as compete effectively in an industry Question 02 "Key factors that impact on our ability to deliver value: Factors Mr Price KFC Food New equipment Ster Kinekor Environment Suppliers Task Distribution Efficiencies Specials Sub-Environment Material Competitors Customers Save time Attraction Question 03 3.1 Top manager- She is an organization's top manager's resource, author, and decision-maker. A manager who chooses how departments should work together, sets organizational goals, and evaluates middle managers' performance 3.2. The long-term financial stability and expansion of the business establish profitable plans. Question 04 In term of business level strategies. It is important to consider location the company and the market the company serves. If the organization is a café in a poor neighborhood a low-cost strategy might be the best choose choice as the market you serve will not have fuds available to enable your customers to buy differentiated products possibly at a higher price. Similarly, the organization is located in high-end urban area with large international business in the surrounding area, the market may need to be enticed with products that are different and unique, even if this is at a higher cost, then the organization should consider using a differentiation or focused-differentiation strategy. Question 05 5.1 Definition for types of groups and teams: Group Two or more people who interact with each other to accomplish certain goals or meet certain needs. Team A group whose members work intensely with one another to achieve a specific common goal or objective. Types of group and teams committee: A. The Top Management Team: A central concern of the CEO and president of a company is to form a top management team to help the organization achieve its mission and goals. B. Command Groups: Subordinates who report to the same supervisor compose a command group. When top managers design an organization’s structure and establish reporting relationships and a chain of command, they are essentially creating command groups. 5.2 The reason why the is good balance between conformity and deviance in a committee or group is because a committee of managers or nonmanagerial employees from various departments or divisions who meet to solve a specific, mutual problem; also called an ad hoc committee. Question 06 6.1 The source of managerial ethics is the type of role that is decisional and specific role will be entrepreneur because commit organizational resources to develop innovative goods and services; decide to expand internationally to obtain new customers for the organization’s products. 6.2 We have identified two of the UN SDGs which are relevant to our environmental philosophy and activities in the Group; these are goal 12 (responsible consumption and production) and goal 13 (climate action). The goals respectively relate to sustainable consumption and production, 6.3 Utilizing IT and E-Commerce: As we have discussed, another important challenge for managers is to continually utilize efficient and effective new IT that can link and enable managers and employees to better perform their jobs—whatever their level in the organization. One example of how IT has changed the jobs of people at all organizational levels comes from UPS, where the average. 6.4 The current driver of project management: s a type of software used for every aspect of project management. Often, this includes everything from the project planning stages (resource allocation, setting due dates, and building and assigning work task lists) to project scheduling, tracking, and reporting. Section B What did I learn from this assignment? This assignment requires a lot reading and that will help me in increasing my vocabulary What did I find difficult? The prescribed book's page numbers made it challenging for me to find the answers I needed. What did I find easy? None, the set up of the study material makes it difficult to navigate when looking for answers. Basically, the resources used for this module is not use friendly What did I enjoy or not enjoy? Although I enjoyed reading it, I didn't appreciate going through the rest of the collection. Has my knowledge and understanding of contemporary management increased? Yes, I have got to learn new things that I wasn’t aware of What impact did my learning experience have on my behaviour at work? Ways of dealing with issues at work in a professional manner. How am I using my contemporary management knowledge in my surroundings By studying and increase my knowledge with the available recourse that is at my disposal References: 1. Printed and Published: Study Guide-University of South Africa Contemporary Management Issues (MNG 2602). 2. Only Study Guide for MNG2602 Custom Edition for UNISA Compiled by Lynette Cronje and Elsabé Scholtz.
