apn301t planning and problem solving 3 04082014

Department of Crop SciencesAgribusiness Management Section

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Links to other subjectsLinks to other subjects

Financial Management: Agriculture IV and Strategic Management: Agriculture IV

B-TECH LEVEL

A student in this class is expected to have passed Agricultural Marketing 2 (AGR201T)

N-DIP LEVEL


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Module 1:Farm ManagementModule 1:Farm Management

Unit 1: Farm management decisionsUnit 2: Management of farm resourcesUnit 3: Farm management information

systemUnit 4: Farm planningUnit 5: Risk management (Demonstrate

how risk is simulated – be as brief as possible)

Unit 6: Credit and use of capitalUnit 7: Investment analysis


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LEARNING OUTCOMES

At the end of this section a student is expected to:

Explain planning process Creatively synthesize/simulate problem scenarios Demonstrate an understanding of problem solving procedure. List the tools used to evaluate progress of the implemented decision Barriers in effective problem solving


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PLANNING -A MANAGERIAL FUNCTION


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PLANNING PROCESS

Planning is the determination of the intended strategy and a course of action (the plan) for business.

The steps of the basic process of planning :

1. Appraising/Assessing the goals & objectives of the farm.

2. Assessing the industry in which the farm will operate.

3. Preparing inventory of the farm resources

4. Analyzing the situation within the industry.

5. Selecting alternatives to be analyzed (PPPP).

6. Determining physical inputs & probable production for

alternatives


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PLANNING PROCES (Continued)PLANNING PROCES (Continued)

7. Selecting prices to apply to the input and production data.

8. Calculating expected costs and returns for each alternative.

9. Estimating the potential range of costs and returns due to variability

of prices, costs, and yields.

10. Analyzing the probable results of the alternatives.

11. Developing an operating plan based on probable results

& the goals & objectives of the business, manager, and (or) owner.


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PROBLEM SOLVING -AN ADDITIONAL TASK


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A six-step process that when properly utilized increases chances of success in problem solving.

A PROBLEM AND DEVISING A SOLUTION

A problem is when an unfortunate and unbecoming eventuality occurs or when there is a threatening deviation from the intended results in the business.


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Set standards

Clear diagnosis


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Step 1. Evidence exist that, the class of Production Management does not do Satisfactorily – what is a problem??

Step 2. This class’s pass rate must increase this year from 90% to 95-99%

1)Students in the bracket of 0 – 20 must get 40%

2)Students in the bracket of 40 – 60 must get 60%

3)Students in the bracket of 60 – 80 must get 90+%


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Step 3 Which of the following is likely to help?

1) Call parents for intervention

2) Add extra hours on the time table

3) Have one-on-one classes

4) Increase class activities

6) Organize trips

5) Enforce the purchase of books

7) Hire a tutor – train the tutor

9) Have Saturday class

8) Call guests/experts for lecturers from the industry

Why

Who

How

When

Where

10) Send struggling students to development & counseling


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Step 4: Analyse alternatives

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Have Saturday class -

Add extra hours on the time table -

Hire a tutor – train the tutor -

Increase class activities -

Organize trips -

Enforce the purchase of books -

Have one-on-one classes -

Call parents for intervention -

Call guests/experts for lecturers from the industry -

Send struggling students to development & counseling -


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Step 5

Plan and implement the mixture


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The following will be used to evaluate progress

• Satisfaction Surveys

• Class discuss sessions

• Continuous class tests etc.


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• Lack experience and knowledge

• Lack of creative thinking - The greatest deterrent to creativity is fear:Fear of failure, Fear of success, Fear of compromise, Fear of

change, Fear of what others might say or do

• Self Concept/Lack thereof

• Stress/Less thereof

• Inadequate populating (skill deficiencies)

• Interpersonal Conflict – always the case with students

• Free riding

• Political challenges

BARRIERS TO GOOD PROBLEM SOLVING AND DECISION MAKING AND PROPOSED CONTROL


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REFERENCES

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Marx S., Van Rooyen D.C., Bosch J.K., Reynders H.J.J. 1998. Business Management. 2nd edition. Van Schaik publishers.


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THANK YOU

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apn301t planning and problem solving 3 04082014

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