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- Op1. 4.1 Learning Outcomes: Discuss the role of strategic management. Compare mission, vision, and value statements. Discuss the types and purposes of goals and plans Describe SMART goals and their implementation 4.2 Action Required: Use the website www.samples-help.org.uk/mission-statements to look up for the mission statements of some well-known corporations. 4.3 Test your Knowledge (Question): Evaluate the usefulness of any one of these mission statements for the planning of future strategies for this business21 - Which of the following is not a reason for managers to plan? a) Performing SWOT analysis B) Reducing conflicts and wasteful activities NS) Coordinated efforts D) reduce uncertainty TO) Establishing standards for tools used to audit workbreifly please, Discuss and explain what is Performance Management (P M)? How does P M fit into corporate strategy? What’s in it for me? How does it work? What are my responsibilities? How does PM relate to other initiatives?
- Short answers Agency costs What does “managerial entrenchment” mean? Give an example. What is the implication of managerial entrenchment: should company favor debt or equity? Why? In the conflicts between equity holders and bond holders, 1).Why would equity investors want to forego good project with positive NPV (“debt overhang”) and rather take risky projects with negative NPV? (“risk shifting”) 2).What is an example of “asset stripping” from equity holders in case of high financial distress? Given asymmetric information between investors and managers, )How would investors interpret firm’s decision to finance through debt? )How would investors interpret firm’s decision to finance through equity? )How would investors interpret firm’s decision to buy back its equity? )Given the signaling theory above, what is the implication on firm’s financing preference (hint: pecking order hypothesis)?Michael Wells, Assistant Sales Manager- International Operations will be retiring in five(5) years and Tarmac must identify a replacement. Chris has demonstrated that he ispotentially a promising candidate for this role and has included advancing as an objectivein his personal improvement plan.(a) Do you think that the organisation is solely responsible for the career management ofits employees? Briefly define the term organizational career management and providetwo (2) points to support your argument. (b) Discuss three (3) career interventions, with specific examples that Tarmac canimplement to prepare Chris for the position of Assistant Sales Manager- InternationalOperations.TASK: 1. identification of problem, give more long explanation/details 2. swot analysis, give more long explanation/details each 3. .Alternative course of action (ACA) give more long explanation/details 4. Action plan (according to objectives, time context, and point of view) give more long explanation/detailsHERE'S WHAT TO EDIT OR THE CONTENT T OBE REVISE: State your insight on the following phrase: 'Public Office is a Public Trust' What Implication may be derive from this? And Classical organization theory deals with the "systematic processes necessary to make bureaucracy more efficient and effective." Two scholars (Weber and Taylor) are credited with the development of classical organization thought. What were the basic arguments articulated by each in their contributions to the development of classical organization theory? The phrase "public office is a public trust" conveys the idea that individuals who hold public office have a duty to serve the public interest and to…
- CRISIS ITIn May 2007, Frontier Airlines Holdings hired Gerry Coady as chief information officer (CIO). Nearly ayear later the airline filed for bankruptcy under Chapter 11. In an interview, Coady describes how hemanaged IT projects during the bankruptcy and recession crisis of 2008–2009.Fundamentally, Coady faced a situation of too many projects and too few resources. Coady used astrategy of focusing on reducing the number of projects in the portfolio. He put together a steeringcommittee of senior management that reviewed several hundred projects. The end result was a reductionto less than 30 projects remaining in the portfolio.How Can You Get to a Backlog of over 100 Projects?“There are never enough resources to get everything done.” Backlogs build over time. Sacred cowprojects get included in the selection system. Projects proposed from people who have left the airline stillreside in the project portfolio. Non-value-added projects somehow make their way into the projectportfolio.…Project management techniques1 pageAPA2 SOURCES5HRS Hello. I need some assistance with IT. Check the followingDeliverable Length: 3–5 paragraphs; 3–5 sentencesDetails:In 3–5 paragraphs, complete the following:Describe the following project management techniques for controlling project resources and finance:◦Resource leveling◦Fast-tracking◦CrashingUnder what circumstance would you apply each approach?Conduct a survey of qualitative and quantitative approaches of controlling and forecasting project financial performance.Demonstrate your understanding with appropriate examples.(Hint: Quantitative examples: statistical, simulation, earned value analysis, and ad hoc ……………………… Added to cart1) S1: A Strategy Map is a useful tool that graphically illustrates the cause-and-effect relationships and connects the Balanced Scorecard strategy with an organization’s operating activities. S2: In order for the balanced scorecard to succeed, the entire organization must be behind it. Only S1 is correct Both statements are correct Both statements are incorrect Only S1 is incorrect 2) S1: To link measures to a strategy, they must be derived from management and be balanced. S2: The primary purpose of the balanced scorecard is obtaining increased operating profits for the current year. Both statements are incorrect Only S1 is correct Both statements are correct Only S1 is incorrect
- 4) What are the best 2-3 ideas of initiatives to move that input metric? 5) how to implement your initiative, success criteria, and if it doesn’t work the most likely reason why (a pre-mortem). Finally, you should predict the effect size of each initiative on the input metric & parent output metric(s) tracing as far up into the P&L or operating metrics as possible. Essentially, if yours were the only new initiatives the company was undertaking, what’s expected financial impact next quarter or year? What guidance are you giving to the public markets?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 explainCreative Homework/Short Project As a marketing student, you know that large firms often organize theiroperations into a number of strategic business units(SBUs). A university might develop a similar structure inwhich different academic schools or departments areseen as separate businesses. Consider how your university or college might divide its total academic unitsinto separate SBUs. What would be the problems withimplementing such a plan? What would be the advantages and disadvantages for students and for faculty?Be prepared to share your analysis of university SBUs toyour class