Question

In: Economics

10. Discuss a short-term plan for a perennially losing team and identify specific steps that could...

10. Discuss a short-term plan for a perennially losing team and identify specific steps that could be taken to increase income or generate victories

Solutions

Expert Solution

  • as the Keynesian stated in his theory that"in long run we are all dead"
  • which means short run planning is very important and short term actions and decisions taken would be very helpful in long run.
  • following steps can be important in the achievement of long term as well as short term goals-
  1. DIVISION OF LONG TERM GOAL IN SHORT TERM STEPS-long term goals are like a steep for the workers,which demoralize the workers/team members.therefore long term goals should be converted/divided into short -run goals and thus step by step these short run goals can be achieved and this would keep the morale of the members high.
  2. CLARITY OF GOAL-small goals should be set up,and members should be make aware of the concern what is being expected by them,it would boost the morale of the workers.
  3. ASSIGNMENT AND DELEGATION OF RESPONSIBILITY-responsibilities should be assigned with unbiased nature and it should be assigned to the most suitable/efficient and experienced worker.
  4. ASSIGNING AUTHORITY-members should be set free to some extent so they can take some decisions and make effective use of their powers.
  5. REWARDS AND INCENTIVES-on achievement of small goals,members and leaders should be rewarded,which would motivate them for work harder and to be loyal to their obligation.

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