1. With the aid of examples discuss the 3 main managerial skills identified as pre-requisites for sound management 2. Explain the relationship between management and organizational performance 3. Provide a discussion on the primary activities of Porters value chain model
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- 1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?Choose the correct answer: 1. Which of the following processes is antithetical to the opposite of the strategic planning process? a. Rational decision-making b. Satisficing c. Entrepreneurship d. All of the above 2. Which management theory/perspective is MOST consistent with the use of a clan culture, normative control, and concertive control as control systems? A. Scienulic Management b. Human Relations c. Quantitative Management d. Weber s BureaucracyWith the aid of examples, discuss the three main managerial skills identified as pre-requisites for sound management. 1.2 Explain the relationship between management and organisational performance. 1.3 Provide a discussion on the primary activities of Porters’ Value Chain model. QUESTION TWO 2.1 Distinguish between the classical management approach and the Behavioural and human relations approach. 2.2 Explain how the contemporary approaches are relevant to managing business organisations today. Use examples to support your answer. QUESTION THREE 3.1 Explain the nature/characteristics of the business environment and provide examples to help substantiate your answer. 3.3 By conducting an environmental analysis, we have identified key factors of the business environment that has been affected by an epidemic such as Covid-19. As a business consultant you have been asked to provide feedback on the relevant indicators and effects of each factor to senior levels of management:3.3.1 Social…
- 1. State vision and mission statement of your chosen organization, highlight their keyfeatures. Suggest any changes in vision or mission statement if you deem necessary.2. Conduct a SWOT Analysis and develop a Strengths-Weaknesses-OpportunitiesThreats (SWOT) Matrix.3. Analyse long-term objectives and specific strategies of your organization.4. Analyse people, their capability, organization structure and corporate culture issues of your chosen organization, if you think they impacted on its successful strategyexecution.5. Offer recommendations for successful strategy formulation and implementation in yourchosen organization.How do you think mission, vision, and value statementslink with each organization’s culture? Do you think theycomplement each other? Why, or why not? How couldthe company better integrate its culture and key statements? Use examplesBy reference to the data in part A:1. Return on investment (ROI), residual income (RI), and economic-value added (EVA)are performance measures for subunit managers. Discuss the relative merit of these performance measures?2. There may be a difference between the performance of a manager and theperformance of the organization subunit for which the manager is responsible. Why is it important to make this distinction?3. Do you agree with the general manager’s assertion that managers should be rewarded only on the basis of their performance measures with no fixed salaries? Explain
- Case Krispy Kreme Doughnuts Inc 2015 Based on the given case above, you are required to read the case and : 1. Propose a new mission statement for the organization based on 9 components of mission statement: 1.Customer 2. Product/ service 3. Market 4. Technology 5. Concern for survival, profitability and growth 6. Philosophy 7. Selfconcept 8. Concern for public images 9. Concern for employees 10. Component Legend is provided 2. Quality of the writing of the proposed mission statement and explainAnswer these ten multiple choice questions: Question 1 The three categories of Mintzberg's managerial roles are Select one: a. interpersonal, informational, and decisional. b. planning, organizing, and leading c. entrepreneur, disturbance handler, and negotiator. d. monitor, disseminator, and spokesperson. Question 2 Which level of management is responsible for implementing the directives of senior executives? Select one: a. Tactical managers b. Strategic managers c. Day-to-day supervisors d. Operational managers Question 3 All of the following are characteristics of Weber's Theory of Bureaucracy except Select one: a. Rationality b. Environmental Analysis c. Officials d. Uniformity Question 4 All of the following are functions of management except Select one: a. Controlling b. Leading c. Financing d. Planning Question 5 Which of the following is not a role of management. Select one: a. Technical b. Tactical c. Operational d.…Firm size, industry competition, CEO power and discretion and the level of stress a a CEO's job entails are factors in determining what? Select one: a. How large a board of directors an organization must have b. Whether an organization can function internationally c. A CEO's compensation package d. Employees' level of job satisfaction and overall feeling of internal support of their supervisors
- Describe the different types of managers and how their responsibilities within a company may differ. Refer to the discussion about technical and conceptual skills later in the chapter. Which level of managers would most rely on technical skills? Which level of managers would most rely on conceptual skills?b. I n what multifaceted ways can the implementation of Management by Objectives (MBO) serve as a robust mechanism to not only establish and monitor organizational goals but also mitigate the risk of goal displacement, ensuring alignment with the overarching strategic vision and sustained performance excellence?1. Q1. Examine with suitable examples, how “organization strategy provides a valuable contribution in achieving organization vision?” Give an example of a Saudi company and assess two examples of organizational strategies and operating plans.