Question

Implementation (plan of actions) Address specific implementation steps or examples kf ways to improve the ways of them required in the functional areas?

7. Management

8. Marketing

9. Finance/Accounting

10. Information System

11. Human Resources

12. Operations

Answer 1

Effective implementation of a plan of action in the following functional areas:

MANAGEMENT

1. Ensure plans are aligned with organisational mission and vision
2. Build an effective leadership dynamic
3. Create an implementation plan
4. Allocate budget and financial resources
5. Delegate objectives and responsibilities to staff
6. Align structures with processes
7. Communicate the strategy
8. Review and report on progress so far
9. Make strategic adjustments accordingly and as necessary
10. Develop an organizational culture that supports the strategy

MARKETING

1. Set the right expectations
2. Build an effective team and secure resources
3. Communicate the plan with the marketing team
4. Build a detailed timeline and assign tasks
5. Set up a dashboard for tracking progress and success
6. Monitor and check-in at regular intervals of time
7. Be willing to adapt to changes to get desired results
8. Communicate results and celebrate success

FINANCE/ ACCOUNTING

1. Monitor financial position
2. Get the right funding and allocation
3. Ensure proper cash flow management
4. Become efficient in controlling overheads
5. Avoid wastage of financial resources
6. Tackle money management problems effectively

INFORMATION SYSTEM

1. Ensure security of the database
2. Make sure the right information is available to the right people at the right time
3. Recognise and manage the complexity of the operation
4. Focus on adaptation to new techniques
5. Deliver tangible and visible results
6. Prioritise according to the business needs
7. Provide strong leadership and control
8. Mitigate the risks
9. Communicate extensively to all levels of management hierarchy
10. Deliver a seamless user experience

HUMAN RESOURCES

1. Provide job security to employees to reduce turnover
2. Practice selective hiring to hire the right people
3. Build self-managing and effective teams
4. Provide fair and performance-based compensation
5. Provide effective training in relevant skills
6. Create a flat and egalitarian organization
7. Make information easily accessible to all human resources

OPERATIONS

1. Help in designing and developing products and services
2. Optimize utilization of resources
3. Manage inventory through the effective supply chain
4. Manage delivery to customers in a timely manner
5. Optimize quality control
6. Conduct efficient procurement/purchasing
7. Manage logistics effectively
8. Manage transportation and distribution activities
9. Conduct enterprise resource planning (ERP)
10. Ensure proper industrial labour relations
11. Analyze the value chain
12. Eliminate waste and bottlenecks