You and your team recommended White Head distillery Business owner Tom Frank, to
ID: 353325 • Letter: Y
Question
You and your team recommended White Head distillery Business owner Tom Frank, to focus on seven competencies constitute the foundations of every general manager’s job: 1) Assessing Risks and Decision-Making, 2) Thinking Clearly and Analytically, 3) Problem Identification and Solutions, 4) Clarity of Communication, 5) Goals Setting, 6) Work Planning and Scheduling, and 7) Overseeing Operations. In three paragraphs tell the results of how Mr. Fank introduced the seven competencies into his business.
Explanation / Answer
The seven competencies help Mr. Fank to get a better control over the business opertions, understand the requirement of market and clients and aleways a have a continous improvement plan in place.
Assessing rick and decision making reduced the failure chances and to become more assertive in actions. This helps in resolving things much rationally and reduce the ambiguities. Thinking clearly and analytically provides more insights to the business and also can forecast about the future business prospects. Dealign right number is very important. Problem identification and solutions helps in simulation and do more things outof box. This also enhance th producutivity through minised turn around time.
Communication should be most effective for any business organisation. This includes underdtanding the cultural diversity, criticality and make thing formal and mix of casual based on the situations. This helps in budiling good relationship with stakeholders, employees etc. Goal setting is quiet important and every management seeks for objectives and scope. This helps in building strategy and reduces the effort of team . Work planning and scheduling helps in distribution of work and minimised idle time. It helps in allocation of resources, provide them with proper training and development and also monitor the budget based on resource cost. Making best use of time and resource ivery critical. Oversseing operations reduces the contingency effect on business, diversification opportunity can be identified well in advance, proper market research etc can be done effectively which helps in understanding the competitors, scope of expansion etc.
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