he MBO technique was criticised for placing so much focus on achieving objectives (end) and not sufficient emphasis on strategies used to achieve them means). Can you think that this is a technical error or how administrators ( implement it? How can you focus on ends and means in a balanced way?
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The MBO technique was criticised for placing so much focus on achieving objectives (end) and not sufficient emphasis on strategies used to achieve them means). Can you think that this is a technical error or how administrators ( implement it? How can you focus on ends and means in a balanced way?
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- Chris Dykstra, responsible for loss prevention at Electronics took a deep breath before he launched into making his case for the changes that he was proposing to the company's shoplifting policy. He knew that convincing Ross Chenoweth was going to be a hard sell. Ross, the president and CEO was the son of the founder of the local, still-family-owned consumer electronics chain based in Phoenix, Arizona. He'd inherited not only the company, but also, his father's strict moral code. "I think it's time to follow the lead of other stores," Chris began. He pointed out that most Other retailers didn't bother calling the police and pressing charges unless the thief had shoplifted merchandise worth more than $50 to $100. In contrast, Westwind currently had a zero-tolerance policy toward theft that Ross's father had put in place when he started the business. Chris wanted to replace that policy with one that prosecuted only individuals between IS and 65 who had stolen more than $20 worth of goods, and who had a previous history of theft at Westwind. In the case of first-time culprits under IS or over 65, he argued for letting them Off With a strict warning, regardless of the value of their ill-gotten goods. Repeat offenders would be arrested. "Frankly, the local police are getting pretty tired Of having to come to Our stores every time a teenager sticks a CD in his jacket pocket," Chris pointed out. "And besides, we just afford the costs associated with prosecuting everyone." Every time he pressed charges against a shoplifter who'd made Off with a $10 item, Westwind lost money. The company had to engage a lawyer and pay employees Overtime for their court appearances. In addition, Chris was looking at hiring more security guards to keep up with the workload. Westwind was already in a losing battle at the moment with mass retailers who were competing all too successfully on price, so passing on the costs of its zero-tolerance policy to Customers wasn't really an option. " Let's concentrate on catching dishonest employees and those organized-theft rings. They're the ones who are really hurting us," Chris concluded. There was a long pause after Chris finished his carefully prepared speech. Ross thought about his recently deceased father, both an astute businessman and a person for whom honesty was a key guiding principle. If he were sitting here today, he`d no doubt say that theft was theft—that setting a minimum was tantamount to saying that stealing was acceptable, just as long as you steal too much. He looked at Chris. "You know, we've both got teenagers. Is this really a message you want to send out, especially to kids? You know as well as I do that there's nothing they like better than testing limits. It's almost an invitation to see if you can beat the system." But then Ross faltered as he found himself glancing at the latest financial figures on his desk—another in a string of quarterly losses. If West-wind went under, a lot of employees would be looking for another way to make a living. In his heart, he believed in his father's high moral standards, but he had to ask himself: Just how moral could Westwind afford to be? Adopt Chris Dykstra`s proposed changes, but with a higher limit than the proposed $20 amount (say, $50 or $100), but which is still less than the cost of prosecution. In addition, make sure that the policy isn't publicized. That way, you'll reduce costs even more and still benefit from your reputation for prosecuting all shoplifters.Chris Dykstra, responsible for loss prevention at Electronics took a deep breath before he launched into making his case for the changes that he was proposing to the company's shoplifting policy. He knew that convincing Ross Chenoweth was going to be a hard sell. Ross, the president and CEO was the son of the founder of the local, still-family-owned consumer electronics chain based in Phoenix, Arizona. He'd inherited not only the company, but also, his father's strict moral code. "I think it's time to follow the lead of other stores," Chris began. He pointed out that most Other retailers didn't bother calling the police and pressing charges unless the thief had shoplifted merchandise worth more than $50 to $100. In contrast, Westwind currently had a zero-tolerance policy toward theft that Ross's father had put in place when he started the business. Chris wanted to replace that policy with one that prosecuted only individuals between IS and 65 who had stolen more than $20 worth of goods, and who had a previous history of theft at Westwind. In the case of first-time culprits under IS or over 65, he argued for letting them Off With a strict warning, regardless of the value of their ill-gotten goods. Repeat offenders would be arrested. "Frankly, the local police are getting pretty tired Of having to come to Our stores every time a teenager sticks a CD in his jacket pocket," Chris pointed out. "And besides, we just afford the costs associated with prosecuting everyone." Every time he pressed charges against a shoplifter who'd made Off with a $10 item, Westwind lost money. The company had to engage a lawyer and pay employees Overtime for their court appearances. In addition, Chris was looking at hiring more security guards to keep up with the workload. Westwind was already in a losing battle at the moment with mass retailers who were competing all too successfully on price, so passing on the costs of its zero-tolerance policy to Customers wasn't really an option. "Let's concentrate on catching dishonest employees and those organized-theft rings. They're the ones who are really hurting us," Chris concluded. There was a long pause after Chris finished his carefully prepared speech. Ross thought about his recently deceased father, both an astute businessman and a person for whom honesty was a key guiding principle. If he were sitting here today, he`d no doubt say that theft was theft—that setting a minimum was tantamount to saying that stealing was acceptable, just as long as you steal too much. He looked at Chris. "You know, we've both got teenagers. Is this really a message you want to send out, especially to kids? You know as well as I do that there's nothing they like better than testing limits. It's almost an invitation to see if you can beat the system." But then Ross faltered as he found himself glancing at the latest financial figures on his desk—another in a string of quarterly losses. If West-wind went under, a lot of employees would be looking for another way to make a living. In his heart, he believed in his father's high moral standards, but he had to ask himself: Just how moral could Westwind afford to be? Adopt Chris Dykstra's proposed changes and show more leniency to first-time offenders. It is a more cost effective approach to the problem than the current policy, plus it stays close to your father's Original intent.write an essay about which one of the statements you agree or disagree with regarding tomarket efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made
- Take into account the article's described benefits and drawbacks of the cascade approach to decide whether it is right for your project.What is true regarding measuring actual performance? Multiple Choice It is easier to measure the outputs and behaviors of nonroutine activities. Managers only evaluate outputs, as behaviors are intrinsically complex. Managers typically measure behaviors first and then outputs. Outputs and behaviors are both important and easily measured. Outputs are generally easier to measure than behaviors because they are more tangible and objective.Mangement Coordination is the art of harmonizing efforts and resources to achieve shared objectives efficiently. It's a multifaceted process that encompasses communication, collaboration, and synchronization. In any endeavor, whether it's a business project or a community initiative, effective coordination is crucial for success. It involves establishing clear goals, delineating roles and responsibilities, and ensuring that everyone involved is working towards the same end. Additionally, coordination requires constant monitoring and adjustment to adapt to changing circumstances and address any emerging issues promptly. Moreover, effective coordination often relies on the use of technology and tools to streamline processes and facilitate information sharing. By fostering collaboration and alignment among stakeholders, coordination maximizes productivity, minimizes redundancy, and promotes synergy. Ultimately, it serves as the backbone of any organized effort, enabling individuals and…
- Direct Line: disruption brings opportunity Among leadership teams, there tends to be two views about change. One: change is risky and means disrupting repetitive processes that leaders have been rewarded for improving over time. And two: change is something that can be delegated, like other implementation-based activities such as project management and risk. Actually, change program are most successful when, as a result of external factors, there’s a shared sense of urgency to deliver tangible change. Following the 2008 financial crisis, RBS Group was ordered to sell its insurance business by European Union regulators, as a condition of RBS receiving £45bn in state aid. RBS’s insurance business, led by Paul Geddes, was tasked with separating its operations from RBS Group into a standalone company, in order to be ready for either a trade sale to a competitor, or listing on the stock market. It’s a testament to Geddes, and the insurance business’s leadership at the time, that they turned…Company X has a goal of becoming more inviromentally sustainable. One of the most important steps that the top management can take is controlling paper waste. As a manager you are responsible for creating a program to reduce paper waste in your campany. Set a goals and develop plans to reduce paper waste as a pizza hut company1. What specifically would you tell John to say to justify to continue investment in understanding the organization's HRIS needs? 2. Be specific, and outline your recommendations for John, being sure to include key points from this chapter.
- Q.1 Read the situation well and answer the questions below it: A couple of months ago, Maria applied for the position of a “Marketing Coordinator” in an e- commerce based setup. On the desired day, she was asked to do an assessment regarding Project Management Skills. After completing with that, the CEO reached out to her via email to do the second assessment. This was complete a thirty minutes personality profiler, which is a Predictive Assessment of her past and likely future ‘to-be “attitudes, from a company called the Predictive evaluation. A few days after completing the assessment, she had received this email: “Unfortunately, we have to inform you that this time we won’t be able to invite you to the next phase of our selection process. Though your qualifications are impressive, we have decided to move forward with a candidate whose experiences better meet our needs for this particular role.” In order to check her technical expertise which two selection methods discussed in your…Q.1 Read the situation well and answer the questions below it: A couple of months ago, Maria applied for the position of a “Marketing Coordinator” in an e- commerce based setup. On the desired day, she was asked to do an assessment regarding Project Management Skills. After completing with that, the CEO reached out to her via email to do the second assessment. This was complete a thirty minutes personality profiler, which is a Predictive Assessment of her past and likely future ‘to-be “attitudes, from a company called the Predictive evaluation. A few days after completing the assessment, she had received this email: “Unfortunately, we have to inform you that this time we won’t be able to invite you to the next phase of our selection process. Though your qualifications are impressive, we have decided to move forward with a candidate whose experiences better meet our needs for this particular role.” Phrase two structured interview questions for this position. Write two unstructured…Q.1 Read the situation well and answer the questions below it: A couple of months ago, Maria applied for the position of a “Marketing Coordinator” in an e- commerce based setup. On the desired day, she was asked to do an assessment regarding Project Management Skills. After completing with that, the CEO reached out to her via email to do the second assessment. This was complete a thirty minutes personality profiler, which is a Predictive Assessment of her past and likely future ‘to-be “attitudes, from a company called the Predictive evaluation. A few days after completing the assessment, she had received this email: “Unfortunately, we have to inform you that this time we won’t be able to invite you to the next phase of our selection process. Though your qualifications are impressive, we have decided to move forward with a candidate whose experiences better meet our needs for this particular role.” a. Find two reasons and write them in heading form. b. Phrase two structured interview…