How a company should use at least 1 of the processes and at least 1 of the tools to implement an strategy.
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.Q1)A. In which way such categories as Strategy, Organization and Information System are related? B. How IT can improve business processes?1- talk about four relations between departments each relation between two different departments? How these relations between departments help the organization reach its goals? Name of 2 departments Relations between these departments how this relation help organization to reach its goals? 1-Production + Accounting 2-Marketing + human resources 3- customer service+ R&D 4-Marketing+ Production
- 1. Define the term resources 2. Create a hypothetical business that you would like to have and describe how you will combine all four resources to create your product2. This describes an organization in which technology, organizational structure, human resources, and processes all work together to give an organization an advantage in the competitive environment? a. Environmental work system b. High-performance work system c. Balance system d. Competitive systemA total rewards plan must meet the specific needs of an organization’s strategy while incorporating current trends and issues that exist in the current workforce. Discuss methods to coordinate total rewards plans to an organization’s strategic operations.How would you incorporate current trends or issues into the methods you identified?
- At Rockwater, improvements came from product and service innovation that would create new sources of revenue and market expansion, as well as from continuous improvement in internalwork processes. The first objective was measured by percent revenue from new services and the second objective by a continuous improvement index that represented the rate of improvement ofseveral key operational measures, such as safety and rework. But in order to drive both product/service innovation and operational improvements, a supportive climate of empowered, motivated employees was believed necessary. A staff attitude survey and a metric for the number of employee suggestions measured whether or not such a climate was being created. Finally, revenue per employee measured the outcomes of employee commitment and training programs.The balanced scorecard has helped Rockwater’s management emphasize a process view of operations, motivate its employees, and incorporate client feedback into its operations. It…At Rockwater, improvements came from product and service innovation that would create new sources of revenue and market expansion, as well as from continuous improvement in internalwork processes. The first objective was measured by percent revenue from new services and the second objective by a continuous improvement index that represented the rate of improvement ofseveral key operational measures, such as safety and rework. But in order to drive both product/service innovation and operational improvements, a supportive climate of empowered, motivated employees was believed necessary. A staff attitude survey and a metric for the number of employee suggestions measured whether or not such a climate was being created. Finally, revenue per employee measured the outcomes of employee commitment and training programs.The balanced scorecard has helped Rockwater’s management emphasize a process view of operations, motivate its employees, and incorporate client feedback into its operations. It…(I)briefly explain the 5 management process groups. (Ii) explain the precedence diagram
- List down the business strategy and how they affect the structure of the firms ?(with examples)(600-700 words)Describe the Management by Objectives process (MBO). Explain the characteristics of this important tool. Do you think we are able to apply today this MBO proces even though it is a traditional technique.At a time when the retail industry was undergoing rapid change andincreased competition, Fossil Group knew it needed to find more efficientand effective ways to keep its managers focused on performancemanagement and results. Performance Management Process Fossil Group was using a complex, 100% paper process for performance reviews and check-ins for more than 15,000 global employees. Theywanted to move toward a digital performance management strategy, butknew they needed to simplify the process first. Fossil Group set up four traditional components that were stretchedacross three strategic touch points throughout the year. These touchpoints were supplemented with ongoing performance conversations thatcould be initiated by any employee, at any time. As Fossil Group evolved its company-wide performance approach, theywere happy to see immediate progress. 92% of employees wereparticipating in goal-setting reviews, setting an average of six goals peremployee. However, when they dug into the…