The Purpose of Risk Analyses and Risk Management in Operational Planning

Risk Analyses in Operational Planning  Risk analysis is assessing the probability of something going wrong, whilst at the same time also assessing the possible negative consequences if it does. Risk analysis can help reduce negative effects on an organisation is not completely eradicate them. Failure to conduct risk management can result in a lost of […]

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The Usefulness of Different Decision Making Techniques for Operational Planning Decisions

If we are certain of an outcome we may make an instant decision, based on our prior experience, expertise and the predictable outcome, without using any decision-making technique.   However, when a manager lacks perfect information or whenever an information asymmetry exists, risk or uncertainty arises. Under a state of risk, the decision maker has incomplete […]

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How to Carry Out a Cost-Benefit Analysis for a Project

Step One: Brainstorm Costs and Benefits Initially, you need to look at a project and outline all of the associated costs related to a project. On a basic level these might include (but will not be limited to): labour materials specialist services fuels waste disposal welfare requirements hired-in equipment Looking over the lifetime of the […]

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The Need for Operational Planning for Different Types of Operations

Operational planning is the process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success and explains how, or what portion of, a strategic plan will be put into operation during a given operational period, in the case of commercial application, a fiscal year or another given budgetary […]

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Different Methods of Developing a Learning and Innovation Culture in an Organisation

Through developing a learning and innovation culture a business will aim to encourage employees and managers to think ‘outside of the box’ or look for unorthodox methods of thinking. In turn, this can work towards producing new ways of working, new products and new approaches to a specific industry.   Turn to Employees for New […]

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Understand How to Plan for Personal and Professional Development

Professional Networks Throughout my career I have needed to build various professional networks, and these networks have been vital in ensuring the growth of any company that I have worked for. Such networks bind together the people that we deal regularly, from suppliers right through to the customer and help us achieve our goals. Professional […]

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The Concepts of Assigned Leadership and Emergent Leadership

Assigned Leadership An assigned leader is a person who uses their position within an organisation (such as a job title or position) to gain their authority. Thus, an organisation may expect that other employees provide respect to this person based on their position, but not necessarily on their leadership skills. Therefore, and assigned leader may […]

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The Different Levels of Leadership in Organisations

It is generally accepted that there are 5 levels of leadership. These are (in ascending order): Position – People who follow because they have to Permission – People follow because they want to Production – People follow because of what you have done for the organisation People Development – People follow because of what you […]

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How Influencing Skills and Techniques Can be Used to Enhance the Relationship with Stakeholders

Just as with managing employees, managers can adopt a number of skills and techniques to enhance relationships with stakeholders. By correctly managing relationships managers can gain allies and support. Get it wrong, and a project is more likely to fail. Once key stakeholders are identified, it is vital than managers listen and understand the requirements […]

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Understand How to Implement and Monitor a Personal Professional Development Plan

How to Implement a Personal Development Plan (PDP) According to jobs.ac.uk, there are 3 main areas to implementing a personal development plan. These are: putting aside some protected time to reflect and take stock being systematic, writing a plan and regularly reviewing it finding at least one person who can act as a ‘critical friend’ […]

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