CENTRAL PROBELEM
How can Mr Aragon make the cashier come to terms to an agreement of efficiently holding the ₱50 Million of cash?
OBJECTIVES
1. To have a good relationship between Mr Aragon and the cashier 2. To prove Mr Aragon’s authority to his subordinates
3. To reach to an agreement with the cashier regarding on what to do with the ₱50 Million cash balance 4. To hold the ₱50 Million of cash effectively
ALTERNATIVE COURSES OF ACTION
1. To conduct a meeting with people involved regarding the handling of the ₱50 Million cash
2. Conduct a meeting with all the staff regarding the structure of authority
3. Disregard the comment of the Cashier
4. Budget the ₱50 Million of cash among various sectors
5. Invest in higher yielding securities
6. Use the ₱50 Million of cash for the betterment of the University’s utilities
7. Keep the funds in the savings account
8. Improve their organizational structure
EVAULATION OF THEALTERNATIVE COURSES OF ACTION
ALTERNATIVE COURSE OF ACTION
ADVANTATGES
DISADVANTAGES
1. To conduct a meeting with the higher bodies of the school regarding the handling of the ₱50 Million cash Better suggestions will be cluster to arrive on a best solution The decision will be backed up by people of Mr. Aragon’s level Conflicts might arise due to different suggestions or comments
2. Conduct a meeting with all the staff regarding the structure of authority after
The Business plan on Management of the Cash Position
Not only do these managers often have difficulty in comprehending sophisticated forecasting techniques, but the cash flows of their companies are usually dependent upon fewer customers and a smaller number of product lines than those of their larger competitors. Thus the cash flow pattern of the small firm is typically too unstable over time and the available data describing it too limited for ...
Employees will know their limitations with regards to power and authority Enhance the relationship between employees in the organization Senior employees might feel that their pride has been shaken
3. Disregard the comment of the Cashier
The Cashier will know his place in the organization
The management can invest the money to other securities
The management can decide on whatever they want to do with the funds The Cashier, a senior to Mr Aragon, might resign due to his ego The employees who highly respect the Cashier might rebel against Mr Aragon The Cashier might not do his job well because he might feel insulted
4. Budget the ₱50 Million of cash among various sectors
All will benefit since it is designated to different activities The will be equality among various sectors
There will be funds in case of an emergency
There will be a greater possibility of corruption since money is distributed to different sectors The money distributed might not be used effectively
5. Invest in higher yielding securities
The University will earn more because of the interest rate of the investment Lessen the risk of corruption
The bank where you will invest the money might experience bankruptcy
6. Use the ₱50 Million of cash for the betterment of the University’s utilities The University will be able to provide better utilities to the students The University’s utilities might still be in good condition and improving it is useless and just a waste of money
7. Keep the funds in the savings account
There will be more than enough funds for emergency
There will be no conflicts or disagreement between Mr Aragon and the Cashier The University won’t be able to invest the money and earn interests There will be a risk of corruption since there is a large amount of cash balance 8. Improve their organizational structure
Conflicts in the workplace of ideas will be lessened since the people will have direct superiors The time and effort to make the structure better is a lot.
RECOMMENDATIONS
We recommend that Mr. Aragon should ask the cashier on their second meeting on why he changed his mind on the new plan of placing the cash in securities. There might be unforeseen expenses that Mr. Aragon didn’t get to notice and the cashier didn’t want to mention. We also recommend that the school should improve their organizational structure like where they place their college deans; it should be under the Vice president for academic affairs. We also recommend that Mr. Aragon should conduct a meeting not only with his subordinates but with the higher bodies of the school. Addressing this might increase the respect that he needs from everyone. After all the meetings have been done, we recommend that some of the cash will be placed in higher yielding securities for the betterment of the college.
The Essay on Project Management Plan Employee
Attracting skilled employees is often important and often difficult. Employers face major challenges when they consider the increasing difficulty of finding skilled people every company should have an employee incentive program if it is sales and especially for university enrollment advisors because they are the ones that bring business into the university. The project scope of Title IV of the ...
Conclusion
We conclude that Metro Manila University will solve this simple problem of how they handle their cash and will continue to thrive or even have better operations after their cash situation.
