1-Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form. (. Look at the power point that I upload to have an idea to answer the templet
Operations Plan Preparation Form page 214
On this form record specific information relating to your company’s operational processes.
4- Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form ).
Technology Plan Preparation Form (p. 227 )
Using this form as a guide, summarize the key technology concerns and technology needs of your business, which you can then include in your business plan, either in a separate Technology section, or in the Operations section. Look at the power point that I upload to have an idea to answer the templet
6- Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form ). . Look at the power point that I upload to have an idea to answer the templet
Management Plan Preparation Form ( p. 248)
List the key members of your management team, with a brief description of each person’s relevant business background, responsibilities they have in your company, and the compensation they receive.
7-Using the flow charts on p. 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported / included in the MS Word document. Look at the power point that I upload to have an idea to answer the templet
EXAMPLE: FLOW CHARTS
Generally, you want to evaluate how authority is distributed and how decisions are made in reality, not just on paper.
Management Style
Describe the nature and functions of your company’s management.
Management Style
All managers have management styles, even if they’ve never thought about their approach to management. Most managers define their jobs in terms of the tasks to be done rather than the methods to be used. They see their role as making widgets, rather than motivating and aiding the widget makers. Their management styles are usually just extensions of their personal styles.
Managing people is far too important to be left to chance. Your employees are one of your most valuable resources. Just as you need to take care of other resources in your company, such as equipment and materials, you must make certain you are not wasting your human resources.
Developing your managers’ capabilities in such skills as communication, leadership, motivation, team-building, and the like, affects your company’s productivity, employee retention, and customer loyalty.
Moreover, you want to develop an overall company management and communication style that is independent of the personalities of your key managers and that fits your corporate culture. As discussed in Chapter 1, your corporate culture should permeate every aspect of your business and should reflect how you want your employees and customers to see you.
“The best management is management by walking around. Employees know the boss is accessible and a real person they can identify with, not an anonymous entity. It gives management a personal quality. I shake hands with every employee; everybody calls me by my first name, from the mailroom clerk on up. I’m listed in the telephone book; any employee or any guest can call me. With 1,500 employees and over one million guests, this could be a problem if we didn’t have an effective operation.”
Andre Tatibouet
Founder, Aston Hotels
For most companies, especially smaller ones, building a sense of teamwork is essential. Help your employees feel that they are an important part of the organization and that their contribution matters. Communication is a vital ingredient in team building; if employees know what’s going on in the company, they feel a part of the whole picture.
Regardless of your management style, remember that everyone, whether mailroom clerk or company president, wants to feel important. Recognize achievement, both privately and publicly. Reward initiative with both monetary and nonmonetary awards. Acknowledge jobs well done. Solicit suggestions, and be responsive to concerns.
The five most important elements of your management style are:
“I had the good fortune to find the right people who had a compatible idea of what we could do.”
Kay Koplovitz
Chair, Kate Spade
- Clear Policies
- Communication
- Employee Recognition
- Employee’s Ability to Affect Change
- Fairness
