Management Answers

It is important for institutions to budget and to further have feedback by receiving regular budgetary control reports in order to facilitate budget centres take control action. The report may or may not be detailed but ideally should contain sufficient information in order to motivate individual managers. Reports to top managers can be exceptional in nature.  

It is also essential for companies to conduct forecasting as they conduct their business.  

Required:  

1. Explain clearly the differences between forecasting and budgeting.     

2. Define the following terms: i. Single-loop feedback.                     

ii. Double-loop Feedback.           

iii. Feed -back loop. Explain this as it applies in the Control Circle.  

(maximum 600 words)

Generic strategy is a combination of competitive strategy and competitive scope in Broad and Narrow segments. Discuss when a company should employ a STUCK IN THE MIDDLE STRATEGY ( maximum 2350 words)

Discuss the three main South African Acts that regulate education and training. How can South 

African municipalities use these Acts to ensure skills development of their employees?

Do you think that the difference in governance models impacted on the organisation’s CSR practice? How/Why? (e.g., 2 tier having employees on the board)

describe the stages of the progress of the Olympic Games Tokyo 2020 with the project life cycle model

Compare and Contrast development of trade union movements in UK and USA.