Essay About Risk Management Plans And Company Resume

Management Principles
Management Principles – Group 4Austria, Mark Anthony H.Carumay, Diane Grace A.Baniel, Shana Marie P.Camerino, FelixAccel MotorsStatement of the problemHow can the company resume and meet the production quota while satisfying the needs of the employees?Objectives1. Resume production 2. Meet the production quota of the company3. Set up standardized policies regarding managing employees 4. Improve employer- employee relationshipAssumptions/Areas of consideration (Company’s perspective)STRENGTHSWEAKNESSESOPPORTUNITIESTHREATS-high demand for automotive supplies-the company has  a lot of possible areas to improve on such as process initiatives, change of culture etc.-No risk management plans in place-The company is too-No business continuity/ contingency plan — To consider automating processes that requires lesser human labor-To create new sets of policies and standards-Union-Not tenure supervisor-Increase in competition in automotive industry-easy access to electric power areaAlternative Courses of ActionTo immediately hold a discussion between the heads of the Union and Management to find a common ground to address all involving issues of the employees; with the end goal of having the operation back to normal.To develop a long term business continuity planChange of culture and management style through trainingsRecommendation/JustificationProvide incentive/reward  to encourage hard workGive the employees an avenue to raise their concerns Develop policies concerning benefits and rights of the employeesStrengthen the existing standards of the company Action PlanConduct training needs analysis; review Return of Investments at the end of the trainingsDevelop management evaluation structureConduct business analysis on automating procedures and processes improvementCreate risk management  group to ensure continuity of production within the company