3. Explain Which Strategy

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This course has shown me that I do this not only with real world items but with in statements, questions and things that I read. As in the same of taking apart the door in my mind to see how it works, I see now that I take apart what I see to find the mean, the purpose and the thought of the person that is making the statement. I feel that this works very well with my Use Frist Precision the need and the want to gather knowledge for every thing I do.

The skill of mind mapping allows students to informally collate ideas and thoughts on a visual level. A crucial point of this ‘brainstorming’ that helps develop further meaning is that of networking. Linking ideas creates further understanding between topics. This adds exponential depth to writing as it demonstrates not only a basic understanding of singular concepts or ideas, but the links between others. In this case we really do have infinite possibilities as there are new emerging topics to relate to constantly. Therefore it represents a higher level of intellect as it shows students can take various perspectives and see the bigger picture, eventually forming a more well-rounded, multi-layered opinion with the knowledge to back it up.

The strategic board game, Diplomacy, focuses on wars, but more importantly the act of negotiating. The players are responsible for forming strategies by both developing and breaking alliances with their competitors. The game is set in Europe during World War I with most teams beginning with similar resources. Each player-team competes as an either Austria-Hungary, Turkey, Italy, England, France, Russia, or Germany. With at least three home-center game pieces on the board, there are strategic movements in order to control one of the eighteen supply centers. This involves phases of negotiation prior to movement of the game piece. There is no factor of luck. The main variable in the game is each team’s ability to convince the others to do what they want. The core game strategy is negotiation. This board game at times mirrors actual history and educates the players as to the method by which a world war can happen.

Lastly, CSGO is a strategic game that requires a lot of teamwork from every individual. CSGO requires a lot of components in order to receive a higher rank. The components can be a positive mentality, calling-out when it is appropriate, controlling the spray pattern of each gun. As these three basic factors are handled properly, there will be an abundance of professional

One of the biggest challenges that we encountered were to determine what course of action to take in case that Pleo gets in the way of another Pleo, or that he has encountered that the other Pleo has caused a blockage on it’s original plan. We therefore had to decide on how we were going to approach this possibility. We then realized that a good way of approaching the issue would be by looking at it from the perspective of game theory. With game theory, we assume that the other team is acting on a rational way, and that the decisions that Pleo was going to make were going to be based on the best possible outcome of this interaction. We compared the possible outcomes against the rubric that was provided to us, and assigned

Brands cultivate a relationship with their consumers based on unique traits that set them apart. Target differentiated themselves from their competing discount rivals by offering their consumers fashionable and trendy stuff at reasonable prices as per their slogan “Expect More. Pay Less.”. However, they started focusing more on the “Expect More” part of the slogan but when recession hit, their sales went down. As the sales were dwindling, they shifted towards to the “pay less” strategy. Target from the start had a strong idea what the “Target brand” should be and thus a risk was involved in changing the strategy to low price tactic.

When you are responding to a person who is difficult to deal with remembering to have patience and try to figure out the problem (Manning, 2011). This behavior could be contributed by HALT which means they could be hurt about a situation, angry, lonely or just tired. If we would take the time to find good in people instead of the bad this would make the situation better. The ten steps: 1. Alter the circumstance by having a reliable person deal with the problem. 2. Choose conflicts cautiously. 3. Handle the problem with the people involved in private. 4. Try to resolve issues as quickly as possible so the other party will not act as if they never knew about the problem. 5. Make the person aware of the problem in details without making threats. 6. Make clear of how you feel by telling and showing them that you care. 7. Manage your emotions without causing a scene. 8. Listen to what the other person has to say in order to understand what the problem is or the cause of the problem. Just keep silent until the person finishes venting. 9. Try to reach an agreement talking about the situation with parties involved. 10. A person that tries to change or improve it is important to praise them and keep them

Rivalry Among Existing Firms. The greater the degree of competition among firms in an industry, the lower average profitability is likely to be. The factors that influence existing firm rivalry are industry growth rate, concentration and balance of competitors, degree of differentiation and switching costs, scale/learning economies and the ratio of fixed to variable costs, and excess capacity and exit barriers.

In this modern world, Information Technology forms the integral part of any kind of business. In the 21st century, countries across the globe have come to rely on complex computer networks that form the infrastructural backbone of even the most basic necessities of life, including electric power grids, global finance, food distribution, medical care, clean drinking water, petroleum production, and most types of communication. The protection of such networks, known as cyber security, is among the highest priorities in the civilized world, alongside planning and operations for major contingencies, including antiterrorism and land warfare. (Al-Saud, 2012:75).In Middle East region, the IT industry is dynamically growing along

This article explores human omission by identifying the eight hidden flaws within strategy that we know from behavioral economics, which explains bad strategy. Our brain is normally overconfident about our abilities. We are usually overconfident about our personal abilities. This causes problems when our strategy is rooted through assessments of personal capabilities. For example, many financial institutions believe their brands are better than average. This mental accounting taints boardrooms of conservative and rational corporations. We have a disposition to categorize and treat money differently depending on how we get it. The status quo bias is the aversion to loss where the endowment effect contributes to bad strategy decisions, which is why most CEOs are unwilling to sell businesses.

In the book “Good Strategy and Bad Strategy”, Richard Rumelt illustrates examples of success and failure of business management to explain the true meaning of the strategy, and tells companies how to develop a correct strategy and adhere to core of management strategy. He also emphasizes the central role of strategic management as to remind the readers to understand the huge difference between a good strategy and bad strategy. This book has three sections: good and bad strategy, sources of power, and thinking like a strategist. I will be evaluating strengths and weaknesses under these topics. After finish reading the book, I had gained a better understanding of what a good strategy means to the success of a company. According to Rumelt, a good strategy is coherent, where companies pursue multiple objectives that are connected with each other. Rumelt points out that a good strategy consists of three elements: diagnosis, guiding policy, and coherent action. (71) First, diagnosis means to define the obstacles and challenges that the companies are facing, and guidelines help the people to overcome the obstacles. Lastly, coherent action is the activities or actions that company did to be consistent with its guiding policy. Today, many of us lost the focus of the strategy, which results in the downward of businesses and organizations. Rumelt has defined the strategy as acknowledging the main problems and take coherent action to overcome the problems. Moreover, he illustrates

I used a general strategy throughout the entire simulation. Fist I calculated whether to overstock or understock each of the phone models. Next, I found the demand estimates based on the standard deviation and the stocking levels of each model. Also, I picked the design features based on the opinions of the members of my team, or using a consensus forecast. I did however constrain the number of features so it didn’t decrease the uncertainty in demand. The board members all had different objectives that I took into consideration throughout the simulation.

Commonly, mind mapping can be used in a variety of ways such as note taking, problem solving and brainstorming. This artifact can impact on my learning positively as it can enhance my understanding better. With mind mapping I would be able to organize my time effectively which can keep me ahead of my studies.

Organizations successful at strategy implementation effectively manage six key supporting factors :     1.  Action Planning