Q1: Ans: Goals are the desired outcomes for individuals, groups or entire organizations.

Goals are of two types basically: 1. Stated Goals: Official statements of what as organization says and what it wants its various stakeholders to believe, its goals are. 2. Real Goals: Goals that an organization actually pursues, as defined by the actions of its members. Goals plays a vital role in planning, it is considered as source of inspiration, a motivation that we need to make our company worth to Rs 1bn in 2020. In plans, documents that outline how goals are going to be met including resource allocations, schedules and other necessary actions to accomplish the goals. In the above case training event have been taken place and Rebecca Ray companys Senior Vice President wants a effective plan to proceed with the training event. Here Rebecca Ray needs to proceed with Real Goals as because they are actually going to conduct an intensive 4.5 hours seminar consisting on 110 workshops in 36 different cities over three week time frame: List of some goals which might be important for the above event: 1. Smart goals 2. Single use goals

Q2: Ans: There are 8 plans which are elaborated as under:

1. Strategic Plans:

Plans that apply to entire organization, establish the organizations overall goals and seek to position the organization in terms of its environment 2. Operational Plans: Plans that specify the details of how the overall goals are to be achieved

3. Long-Term Plans: Plans with a time frame beyond three years 4. Short-Term plans: Plans covering one year or less 5. Specific Plans: Plans that are clearly defined and that leave no room for interpretation 6. Directional Plans: Plans that are flexible and that set out general guidelines 7. Single Use Plans: A one time plan specifically designed to meet the needs of a unique situation 8. Standing Plans: Ongoing plans that provide guidance for activities performed repeatedly Strategic plans & Operational plans both are necessary for the event as because company is going to its Initial public offering (IPO) andtraining programs which will enhance their employees motivation level, skills, and ultimately profitability. These plans would help in developing a good organization culture and where company is empowering its employees which seems like working on the principles of Behavior theory that human are assets invest in them Companys training program which is anchored by three Learning Maps are as under: 1. Universe of opportunity which will describe companys competitiveness

2. How we make money which explains that focus on MasterCards financial models and how it fit into the industry 3. New climate, new culture, new company would be detailed about the companys strategy as a public company and what it would take to successfully pursue that strategy

Q3: Ans: Challenges may be confront while doing such an event are as under: 1. 2. 3. 4. 5. Political instability Shortage of skilled workers Time management Infrastructure management Uncertain illness of line managers

While doing this kind of event in different global locations will increase the cost first of all and other diversity challenges. In short period of time globally this event is not much effective idea to be conducted as the companys reputation and performance can be confronted and vice versa so therefore it is not feasible to go globally for this event for a short period of time , on the contrary for long term purpose company can pursue this kind of event globally. They can best prepare for there challenges by having proper manpower backup specifically alternate line managers, paramedics, skillful infrastructure developers and other myth busters in order to meet any uncertain calamities while conducting above event.

Q4: Ans: This training event story teaches me that how the time and its accuracy is valuable and proper delegation of work and authority is necessary to achieve your goals. Planning gives you vastdirections to move and achieve your desired objective for making ones mark in every walk of life.