Seven important keys for this are as follow.
1.Understand what forecasting is and is not
As a result of this a better environment will established for business activities. Accuracy and remove the game plan is also can be achieved.
2. Forecast demand and plan supply
In this way you can improve capital planning and customer service.
3. Communicate, corporate and collaborate
It is very helpful to get all important information for to forecast and it is trustable for user. More accurate and relevant forecast can be got.
4. Eliminate island of analysis
With this key more reliable and accurate forecast can be achieved.
5. Use tools wisely
With the help of this efficiency and effectiveness will be get.
6. Make it important
With the help of this forecasting key developers can take serious the issue that are under discussion. Accuracy and credibility can also be achieved.
Forecast performance can be including in the individual performance plans. Errors can be removed and improvement can be also achieved. Confidence of the forecasting can also be increased.
SOLVED MGT502 GDB 1 Solution and Discussion
Total Marks 5
Starting Date Monday, November 18, 2019
Closing Date Friday, November 22, 2019
Question Title Personality
Graded Discussion Board. 01
Objective of the activity
The purpose of this activity is to familiarize the students with a theoretical and empirical insight of Personality.
Atlantic enterprise has lost one of its best employees from the Marketing Department who was responsible for managing sponsors, national and international clients and public dealing. In order to fill out the vacancy, the organization needs to hire an employee who is excellent in building relationships, social, has great communication skills but at the same time, he/she must be an assertive personality.
Point of Discussion
Keeping the Big Five Model of Personality in mind, Identify which type of personality will be the best fit for the said job? Justify with two solid points.
Max. Word limit: 50-75
For acquiring the relevant knowledge, watch the course video lectures and read additional material available online or in any other mode.
Your discussion must be based on logical facts. Your answer must be justified with proper arguments rather than writing theoretical definitions. Your answer should not exceed 200 words. Do not copy or exchange your answer with other students. Obnoxious or ignoble answer should be strictly avoided. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
Note related to load shedding: Please be proactive
As you know that Pre Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
Corporate donations allow companies to take active interests in their own communities and can also lead to a huge boost in employee morale. If a company chooses to make a corporate donation, workplace culture can improve with increased employee involvement and a positive general attitude. According to a 2016 Deloitte study on volunteering, millennials were “twice as likely to rate their corporate culture as very positive” if their company participated in workplace volunteer activities. Employees respect companies that care for their community–it simply makes employees feel good, and increases the emotional attachment to their employer.
Philanthropic businesses are some of the most powerful in the world. For example, Apple matches employee donations, and has donated more than $78 million to charities through 2015. Charitable sponsorship is a great way to do good in your community, while also gaining marketing experience. Donations put your company’s name out there, especially if you sponsor some kind of event. Just make sure that the event or charity mirrors your own company’s goals. For example, if your company makes sporting equipment, consider sponsoring local sports teams or tournaments. That will show your current and future clients that you really care about your business and your community.
This is one of the most immediate benefits of corporate donations. You may not instantly see how your contribution benefits your community, but you will quickly notice the tax savings. Of course, businesses shouldn’t donate with the sole expectation of financial gain, but there are fiscal rewards for helping a charity in need. Businesses can usually receive tax deductions from sponsoring charities or events, but your should make sure to follow the rules and go about the process in the right way in order to comply with all tax requirements.
It’s Good for Your Community
Charitable contributions have numerous benefits, but the most important one is obvious: you should give back to your community. Charitable donations help better your community, and the public will notice if a company is making a real effort to improve its surroundings. Your company’s charitable donations could help improve schools or parks, giving children safe places to learn and play. If you choose to donate to a nonprofit organization that conducts medical research, you could also help in the effort to cure diseases. The opportunities are endless and extremely helpful.
One way to engage employees to participate is to align the company’s donation choices with causes that have the greatest meaning to your workforce. For example, Brixio, a tech company based out of Lehi, Utah, chose to donate to the Livestrong Foundation after several of Brixio employees’ loved ones were diagnosed with cancer. Josh Aston, Brixio VP, said there are a lot of reasons why companies don’t donate to charities, but you can always help initiate change. “Not every company can be a social change company,” Aston said. “However, we are starting to actively bring up our partnership with Livestrong to those we do business with, getting the idea of social giving planted within them.”
There are many reasons why your company should make charitable donations, and any reason that motivates you is a good one. Donating to charities can help change your business and work culture. It can also have a dramatic impact on others. So pick a cause that you believe in and make your community a better place to live. It’s good for business.