This website uses cookies to ensure you have the best experience. Learn more

Organizational Plan Essay

3009 words - 13 pages

University of Dhaka

An assignment on
‘Plan of an Organization’
Course- EM 502

Submitted to:
Dr. Md. Serajul Islam
Department of Management Studies
University of Dhaka

Submitted by:
Md. Farid Uddin
Batch: 25th
ID: 03-13-25-069

Date of Submission: 20.12.2013
A plan is typically any diagram or list of steps with timing and resources, used to achieve an objective. A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. The business or organizational plan ...view middle of the document...

These loyal customers have consistently provided Sohag Furniture with annual sales of over 30,00,000tk in each year. Sohag Furniture intends to expand its customer base in the residential area by aggressively promoting the Additional value of consulting services it now provides and by capitalizing on its reputation more extensively. A complete retraining of the sales force coupled with significantly increased advertising expenditures will accomplish this objective.

Our main goal is to provide good and best quality furniture to the customers. As “Sohag” is a new company, so our goal is also to raise the brand value of “Sohag” and creating a good number of loyal customers.

We concentrate on the continuous improvement of the product according to the customer needs. So we specifically follow the product concept.

Our Slogan
Modern Living, “Create your own fashion”.

Description of Bangladesh Furniture Industry
The Bangladesh furniture industry is one of the most promising growth sectors with high export potential. According to a Household Income and Expenditure Survey of 2005, the domestic consumption growth rate is around 20% and export markets are almost entirely untapped. There are approximately 40,000 furniture SMEs all over the country, employing around 180,000 people, turnover is in excess of BDT 100b (GBP 1b). Currently dominated by thousands of small workshops, the furniture sector is in a transition phase towards industrialization. Simultaneously, there is a small but growing segment of larger firms who are gradually entering the export market. Nevertheless, the furniture sector is struggling to reach its full potential due to various factors in habiting its growth. Inadequate supply of production technology and consultancy services, limited access to quality inputs, absence of skilled workforce and limitations in local and international marketing are some of the main problem areas. The biggest challenges for export include: government recognition as a potential export sector, limited export order processing facilities, lack of credibility in international markets, uncoordinated association activities and absence of effective initiatives for facilitating foreign direct investment.

Leading companies of Furniture Industry
Bangladeshi leading furniture companies are given below-
* Akhtar furnisher’s ltd.
* Aftab furniture’s ltd.
* Otobi ltd.
* Hatil furniture ltd.

Statement of startup Finance
Initial financing requested of the company is 1, 50, 00,000 taka loan to be paid off over five years from Sonali Bank Bank Ltd. This debt will cover office space, office equipment, and for supplies two leased vans, advertising and selling cost. The partners provided 3, 50, 00,000 taka jointly. So, the total cost of the project estimated at 5, 00, 00,000 taka.

Objectives of Sohag furniture’s are given below-

1. Establish relationships with...

Other Papers Like Organizational Plan

Quality Improve Essay

685 words - 3 pages University of Phoenix Material Quality Improvement Plan Template In this course, you develop an organizational quality improvement (QI) plan for a health care organization of your choice. Appropriate organizations include hospitals, nursing homes, ambulatory and surgery centers, home health, assisted living, health departments, hospice, rehab units, pain clinics, and cancer clinics. Choose a quality issue about which you are passionate

Leadership Essay

670 words - 3 pages Broken Organizational Structure Anthony Bodnar Grand Canyon University: MGT-605 Leadership and Organizations September 17, 2012 Broken Organizational Structure Organizational structure is defined as, “the framework, typically hierarchical, within which an organization arranges its lines of authority and communications, and allocates rights and duties”. (Organizational Structure, 2012) This is the way formal communication is organized

Organizational Psychology

861 words - 4 pages Organizational Psychology Debra Tatum PSY/428 January 14, 2013 Stephanie Johnson Organizational Psychology Organizational psychology contributes to enhancing the performance in the workplace, establishing contentment, and developing the well-being of the individual, leading to the success of the organization. It helps makes organizations more successful, productive, and effective. Organizations that use organizational psychology can

Organizational Development

4279 words - 18 pages compliance with the organization needs a code of conduct, in order to achieve the strategic goals of the organization. Organizational development delves into the realm human behavior in efforts to modify individual and group behavior to increase organizational efficiency and performance. Organization Development is a development where organizations formulate the best plan for ultimate resourcefulness and the most efficient way to operate and

Organizal Structure Paper Outline

637 words - 3 pages objective. B. Five steps that are used to properly plan and implement change within the organization C. Steps can be used in presentation scenario IV. Strategies and/or methods needed to influence organizational change and minimize conflict A. Organizational change 1. Set up additional training for employees 2. Offer rewards for meeting goals


913 words - 4 pages together two different behaviors to get the job and all this idea cause is more issue. Like he or she cannot agree on certain ideas to improve the pediatric floor can cause the hold up of the project because of disagreement between team members. The organizational structures are the plan that shows the organization of work and the systematic arrangement of the job. There are many structures but there are three that will be discuss in this

Business' Several Components

1058 words - 5 pages Business Concepts Bridget Mosley University of Phoenix Business Concepts A business is composed of several components. All the parts are required for the business to operate. If any one part is missing or not functioning properly there will be a direct impact on the business. The impact could be the business not operating efficiently or even complete business failure. Organizational culture and behavior, along with the important key

Research Paper On Calbee

267 words - 2 pages middle level management. Assign foremen to supervise lower-level management. o 3 Review organizational goals in terms of quantity, quality, cost and time-lines. Develop a performance plan with the desired results you aim to achieve. Track performance measurements and exchange feedback. Conduct a performance appraisal. Reward the team when the desired goals and standards are met. Develop or update a performance plan if goals do no satisfy the desired results.

Organizational Behaviour

891 words - 4 pages , the Management would have good suggestion from the employees in the decision making process and thus, the employees can have favorable practices in their favor. Implementation of the Contingency Plan The recommendations suggested to be implemented in the organizational behavior of the Green River unit can be effectively implemented in the unit with the help of an effective contingency plan. The given contingency plan of the company

Organization Change

2903 words - 12 pages , 2007), only 38% interviewees think their company’s organization change has successfully increased their work performance, and only 30% believe their organization change has achieved the organization’s goal of long-term health. It is mainly because there are many factors that will affect the success or failure of organizational change. The 6 most important factors include the insufficient readiness for change, lack of systematic plan for

Information Technoloy Managment

1052 words - 5 pages The relationship between knowledge management and the learning organization, a learning organization concept should be first identified and discussed, with the emphases on the specific features of contemporary organization and the essential role of leaders when developing their organizations. Organizational learning and new knowledge creation should be described, elaborating further on the kinds of processes those leaders and managers should be

Related Essays

Organizational Staffing Plan Essay

1468 words - 6 pages The purpose of this paper is to provide a staffing plan for Guardian Angel Daycare center. Although, we are a small business I will provide information that will show with the right amount of employees, possessing the knowledge, skill, and ability (KSA) skill sets we can maximize efficiency and meet the critical business needs at the appropriate times. In order for us to secure the licensure needed for our future expansion. Identify two (2

The Capstone Project: Organizational Plan Essay

1463 words - 6 pages for a single-business company. Retrieved October 30, 2013 from Porter, M. (1996, November/December). What is strategy? Harvard Business Review, 74(6), 61 Palo Alto Software (1996-2013). How to write a marketing plan. Retrieved; October 9th, 2013. The organizational

Organizational Behavior Learning Plan 2 Essay

2066 words - 9 pages ORBH 250 Spring 2015 Prof. Learning Plan Part II ! As for the future three years before I enter labor force (since I plan to go to graduate school), the biggest thing I want to work on is to find what I really want to do in the future as my career. I am currently a sophomore majoring in Accounting and to be honest, I am not pretty sure about what I want to do for living As long as I am considering right now, there are three

Theory And Practice Of Organizational Learning Within The Us Army

1963 words - 8 pages ensures that each member is allowed to partake in an even and fair employee and development plan. Each member in the Army is counseled and trained on the expectations that he or she must complete and the organizational learning official must answer any questions that he or she may have. Many large companies today are using the Internet or Intranet to train new and current employees. This method is easy and for this reason one can be certain that the