MS 53 Jan 2011 Solved - ASSIGNMENT Course Code : MS - 53...

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ASSIGNMENT Course Code : MS - 53 Course Title : Production/Operations Management Assignment Code : MS-53/SEM - I /2011 Coverage : All Blocks Shared at http://www.ignousolvedmbaassignment.blogspot.com/ Note: Answer all the questions and send them to the Coordinator of the Study Centre you are attached with. Q1. Discuss how time horizon of forecast is related to level of decision. Give examples. Solution : BUSINESS DECISIONS ARE MADE ON THE BASIS OF THE STRATEGIC BASIS. The STRATEGIC DATA BASE is THE SEED that FUNCTIONALLY, provides -opportunity to determine the environmental impact on the organization / business. -opportunity to assess the organization's strengths/ weaknesses. -opportunity to determine the business opportunities/ threats to business. -opportunity to develop strategic plans for the company. -opportunity to develop long term/short term plans. -opportunity to develop a vision for the organization. -opportunity to develop a mission statement for the organization. -opportunity to develop business objectives for the organization. -opportunity to develop business strategies for the organization. Join & get useful IGNOU MBA stuffs at http://www.ignousolvedmbaassignment.blogspot.com/ Page 1
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-opportunity to develop the action/ implementation planning guidelines, which provides the platform for *helps to set up and develop organization and staffing. *helps to set direction for the organization approach. *helps to select the right leadership *helps to select / set the most appropriate control. MAKING INFORMATION AVAILABLE The availability of information is fundamental to the decision making process. Decisions are made within the organization at -STRATEGIC [ LONG TERM ---2 TO 5 YEARS] -OPERATIONAL [ 1 TO 2 YEARS] -PROGRAMMES [ 12 MONTHS] -ACTIVITY LEVEL.[ CURRENT] The information needs and decision making activities of the various levels of management SENIOR MANAGEMENT Strategic business direction -information for strategically positioning the organization -competitive analysis and performance evaluation, -strategic planning and policy, -external factors that influence the direction etc MID LEVEL MANAGEMENT Organizational and operational functions -information for coordination of work units -information for delivery programmes -evaluation of resources usage -budget control -problem solving -operational planning etc Join & get useful IGNOU MBA stuffs at http://www.ignousolvedmbaassignment.blogspot.com/ Page 2
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MID LEVEL MANAGEMENT Programme management within units -information for implementing programmes -information for managing programmes -management of resources usage -project scheduling -problem solving -operational planning etc LINE MANAGEMENT Activity management -information for routine decision making -information for problem solving -information for service delivery etc. MANAGEMENT SUPPORT SYSTEMS
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This note was uploaded on 05/21/2011 for the course ECON 123 taught by Professor Day during the Spring '11 term at Arab Open University, Amman.

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MS 53 Jan 2011 Solved - ASSIGNMENT Course Code : MS - 53...

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