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MGT503 Principles of Management Assignment 2 Deadline 22 June 2010
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#8
Ans. Of Q.1

Goals are very important in any type of unexpected situation such as pandemic outbreak . In business organization, they set their goals in the view of any unexpected loss and fires or any hazardous situation.
Handling unexpected situation, taking quick decisions.

Ans. Of Q. 2

Both plans (Short term and long term) are very important for this type of situation. Organizations need to have basic crisis planning to take repaid action to solve these issues and short term planning help in handling such type of situation.


Ans. Of Q.3

Following tools deal with this type of situation effectively.
Project Management.
This type of situation is like a project which needs proper planning and quick execution for better result.

Decisiton Trees

Decision trees help in giving the suitable action for such type of situation.

Scenario Planning
Scenario planning help the management to minimize the uncertainty and manage all the things.
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MGT503 Principles of Management Assignment 2 Deadline 22 June 2010 - by Guru - 06-23-2010, 01:55 PM

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