How Networking Is Important Areas Of Management - 1579 Words

.1 Networking Networking is one of the organisation’s important areas of management. Networking means working with local business which helps to increase collaborative opportunities. As a store manager I need to connect with the local organizations online so everything is up to date and your customer have access to the latest version. Organisations that works together effectively have reductions in costs and inventories, together with improvements in speed, customer satisfaction and service levels. Collaboration between companies can benefit a lot, with the aim of delivering significant improvement over the long term. All companies are tempted to use networking just for their advantages. The most successful collaborations build on†¦show more content†¦Companies frequently underestimate the resources required to make collaborations work, assuming that they can leave it up to staff in various functions to do what s required in addition to their other responsibilities. 1.4 Establish a robust, joint performance-management system An effective performance-management system helps a company to ensure that any long-term project is on track and delivering the results it should. In supply chain collaboration efforts, both participants should use the same performance-management system. By building common metrics and targets—and jointly monitoring progress—companies avoid the misaligned incentives that damage so many collaboration efforts. 1.5 Time management; stay on top of deadlines Time management is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. Question 2 Create two ‘SMART’ personal work goals to ensure you are able to fit in with the organisations’ goals. Justify your choices by explaining how your goals are aligned with the organisation and how they consider demands on your time and energy. Hint: Even though you are planning personal work goals, you still need to consider how you will maintain a healthy work-life balance. You must refer