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Managing Communications, Knowledge and Information

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In Setting up Classic Badges Company, what are the major range of decisions to be taken? Discuss.

 

1.2: Identify and examine the kind of information and knowledge needed to ensure that an effective decisions are taken.

 

Wide range of decisions need to be taken to order to arrive clear description and  understanding of what in organisation information and knowledge needs are like to be.

Strategic Information and decisions: Top level information (for Directors)

     Long-term

     Used to make strategic decisions affecting the entire organisation

Example of decisions:

·         Whether to stock different varieties of raw materials (depends what types of badges they produce)

·         Whether to diversify to other related or non-related business other than badges

·         Whether to start a new branch in a different locality other than current one

·         Whether to start an e-shop (online)

·         Information to expand business and explore new opportunities

 

 

Following are more example department wise, you may select only a couple examples from below not all or many, remember, you need to relate to classic badges.

  • Human Resource Management: Long range human resource requirements at different levels, policies on human resource development and training, policies on personnel welfare and facilities
  • Production:  Yearly and monthly production capacity and alternate schedules, Policies on machine replacement, augmentation, and modernization, Identifying best product mix, Identifying best product mix
  • Financial: Methods of financing, pricing policies, tax planning
  • Marketing: Search for new markets and marketing strategies, Analysis of competitors, strategy, Technology and demographic forecasts and product changes.

 

Managing Communications, Knowledge and Information

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