Plans that the manager of KnitMedia should develop 

Plans that the manager of KnitMedia should develop

1. Establish a strategic vision; the entire organization can only be committed to a particular strategy by the general manager. The manager should, therefore, commit himself to formations of the procedure and make the best efforts to make sure they become functioning. The KnitMedia should be envisioned to its business so that they can develop tremendously when they have new jobs.
2. Concentrating the resources; in the business world, there exists a lot of competitive strategies, when the funds are concentrated, the company shall be maintained in an economically healthy status and checked to make sure that the trend of production of high returns is maintained. When more resources are concentrated on a situation, more opportunities are availed for gaining an upper competitive edge or improve on the existing one.
3. Maintaining high performance; it is a prudent move if talented managers are attracted to a business organization. The organization should make sure that if it develops such managers, it should be done quickly, and they should be maintained developed and maintained challenged. It is not all people who do what is needed to support this. The main reason why there is poor performance that results in low standards is when there are no talented managers.

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4. The time series analysis; this shall be the most convenient technique for KnitMedia to apply to open up a new Hollywood club in California. Because all the production data are available for all the time the company has been in operations. The operational trends and techniques are all stable and transparent from the past. With the availability of the historical data, the performance shall be easily forecasted to obtain a speedometer from the readings. The acceleration and deceleration rates shall be the basis of the forecasts hence development of many mathematical projection techniques

A past-like future for KnitMedia; from the descriptions given by the managers, the assumption made is that the existing porters shall behave the same in the future. The correctness of the premise is expected to be in the short term that in a long time. The immediate forecasted future shall be taken care of by the technique.

3. KnitMedia Company can make an assignment to department managers even though they might not have had formal planning. For an extension worker, management planning will determine what is needed to be done in advance, who should handle it, when and how it should be done, and at what particular cost. Contribution to success is what should be paramount with the available resources within the organization. An implication of this is that the existing managers should be awarded extra duties apart from the already assigned one. The goals and objectives of the organization should be realized at whatever costs.
4. (A). Descriptive plans can be made applicable in KnitMedia by partitioning the company into many working departments. Each department should be assigned a specific job that it handles. In case of a conflict, the responsible department should work in collaboration to complete it.

(b). Graphical plans can be applicable in KnitMedia by first examining what the market trend of how the customers are in demand of the services is. The projected outlook of the plan shall be the evaluation of the market behavior for the past number of working years.

(c). The financial proposal shall be made applicable by examining the targeted period of operational years. The plans’ statement shall give the long term business objectives of Knit media like the detailed savings investments and the strategies that have to be accomplished shaped by the ones that have been achieved so far. If the need arises, a qualified and certified financial plan can be hired to come up with the business arrangements. With either the case that may be settled, it shall start with an in-depth evaluation of the company’s financial state that is currently at.

5. The four forecasting tools that should be applied by KnitMedia are:
6. Historical method tools: the trend of the company shall be projected from the history of the past. It is applicable as the base of making sure that the present situation is understood so that is shall be the tool that shall shape the future. The future phenomenon shall be responded to in association with the previous trends.
7. The deductive tool: the base is focused on investigations and observation of what is happening around the business community. A critical analysis is based on past events so that the inference for the future is drawn. This is the best dynamic method since it does not consider only the historical sequences but also future developments.
8. The scientific business forecasting: The base of prediction is along the experimental lines. Several statistical tools are chosen — for example, the barometer, business indexes, extrapolation, economic models, and mathematical extrapolations.
9. Top-down tool: In this tool, several enterprise departments gather their data and information so that they can prepare their forecasts. With the departmental data gathered, the whole company is then undertaken from the data collected. This implies the complete success of forecasting is based on the departments rather than the organization as a whole. The method is instrumental since it gives the causes of why the organization is derailing behind the base of prosperity.

Based on these forecasts, the forecast for the firm as a whole is then undertaken. Thus, the responsibility of successful forecasting lies directly with various departments and people in the organization.