MGN 581

Management and Organizational Behavior Dynamics

ACADEMIC TASK 2

Date of submission: 1st Oct, 2020

Submitted to: Prof. Tanya Nagpal
By: Tania (12013002)
Section: Q2041
Roll no.: A83
 FORMAT FOR DRAFTING STANDARD OPERATING PROCEDURES
Standard operating procedure for ANALYSIS of news, reports, business
Name of articles.
SOP

This SOP can be used when the person wants to have detailed analysis of any
When
should it be report or business article. The detailed analysis will include all the information
used?
about the topic and relevant factors.

EFFECTIVE TIME:

Morning: 8:am to 8:30 am.

Evening: 6:00 pm to 7: 00 pm

Both the timings are really effective. Although a person has less time in
morning but it is really good to start a day by knowing what is in happening
the business world. And in the evening ,when the person is free, he/she can
have detailed analysis. Effective time can be chosen by the person who
follows this SOP.
It is very important to have the skills of analysing any kind of data ( reports or
Why should
the SOP be any other thing) in the business scenario. It is a required skill for the project
used?
managers of the company. It helps an individual to get detailed information on
any relevant topic.

BENEFITS:
▪ It increases mental strength of an individual.
▪ Increases the ability of interpreting data easily and fastly.
▪ Provides job advantage to the people who are already experts in such
analysis.
▪ An individual can get any information through these analyses.
▪ A good exercise for individuals who are entering into the field of
business.
 This SOP can be used in/by:
Where
should it be • Any business analysist
used?
• Any individual
• A project manager
• Entrepreneurs
• Post graduate student in the field of commerce
• Candidates of national exams such as UPSE
• Financial market

Analysis of any news or report is significant for day to day life. It provides
Context
information regarding the happenings around the globe. A person can use this
skill for not only managerial purposes ,but also it can be used while taking
decision in life while choosing an expensive product. A detailed information
can be collected which includes all the major factors such as price,
competitors, after service etc.
Input (s) 1. Time
2. Any device such as mobile or laptop
3. Any notebook where the analysis has to be written.
Output 1. Improved concentration.
2. Detailed information.
3. Decision making.
4. Time management.
Skills Skills developed or improved after following SOP:
➢ Time management
➢ Decision making
➢ Enhances critical thinking
➢ Data visualization
➢ Increase statistical knowledge
➢ Enhances writing and reading

Actions: What steps must be taken to move from the input to the output?

Step 1 Finding a place to sit for analyses of report.

Step 2 Fix a time slot and duration of analysis.
Step 3 finding a news related to business news or report.
Step 4 Start with reading of news or report and writing key points of topic.
Step 5 Write full details of topic and conclude the final decision.