Portfolio management Essay Example | Topics and Well Written Essays - 2000 words

Portfolio management - Essay Example Categorisation involves grouping potential components in to categories in order to facilitate further decision making. Usually, categories link their components with a common set of strategic goals. In this first step of implementing, it is important to establish what is going to be managed and as such, it is necessary to have an overview   of the extent and variety of potential and available work   and how it maps in to the organisations overall strategy. It is important at this stage to have to be aware of the extent and size of your mandate. This is the stage where one decides the terms, scope and defines the portfolio as well as gaining agreement on the basic portfolio model (Reilly & Brown, 2012). This is where on defines information such as: departments that are going to be covered, the category of work included for example whether the portfolio includes operations or projects, the categorization scheme which aids in balancing the portfolio in areas of importance to allow o ptimization of the overall allocation of resources.   For example, categories may include work that supports the business or grows the business. Work can also be categorised as high, medium or low risk. It is important that for every categorisation defined, some guidelines are set for how work should be balanced. Make sure that projects that are chosen are aligned to the goals and strategies of the organisation and also have the highest value. As such, understand the models that the organisation or department wants to employ.

Business decision making Assignment Example | Topics and Well Written Essays - 2000 words

Business decision making - Assignment Example Decision making process is a very significant function to any company that must attain success in the market. It stipulates the areas that the company can easily penetrate in the market without enormous incurrence on costs and any impending risks. Data collection is the approach that wills open doors for such a company to make an adequate decision from the analysis they arrive at as per the data segments (Carroll, 2008). In this paper is stipulated that data analysis is a significant faction which every company ought to adopt. The report revolves around a fashion industry selling fashion clothes, shoes, jeans and other related fashion components whose main target is the youth generation. It possesses a challenge since the youths are dynamics in their desires, this call for constant review of its products to meet the demand of its market segment. A group comprising of 20 youths is sampled from Coventry region who are interviewed on a major market trends about fashion and their take on how fashion impacts the development of new products in the market. Their involvement in the changes is the key factor that is considered (Bazerman& Moore, 2013). Decisions amount to the most significant components to business in the market regardless of its current position. For a business to start it must involve decision making processes and growing business must always apply different decisions for its growth purposes, otherwise growth and start-up will never be met. An agglomeration of factors must be taken into consideration on the particular field of the company. A company ought to ask such questions like what is my market size. What is the market trend? Who are my consumers? What is the market perception? Among other critical questions which will drive the company to undertake proper steps. Quality, quantity, location, size and other structural characteristics are influenced by the decisions made by management in a company (Teale,