Startegic management is not effective without formulating long term objectives, and grand strategies. Discuss at least two strategies that managers can use to add value now and overtime for an organization.
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Startegic management is not effective without formulating long term objectives, and grand strategies. Discuss at least two strategies that managers can use to add value now and overtime for an organization.
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- The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?2. How do you think planning in today’s organizations compares to planning 25 years ago? Do you think planning becomes more important or less important in a world where everything is changing fast and crises are a regular part of organizational life? Why?Meet with your group and discuss a new business venture that can save our environment. It canbe any business that can sustain within & after COVID19.Business Model Canvas 1. Introduction: Define your new business venture, either it is goods or services. Brieflyintroduce why and what motivates you to choose the business?2. BMC: Develop a Business Model Canvas for your business. Explain briefly every 9 keyelements of your BMCGoal & organization Chart 3. Goal: Formulate a specific goal for long, intermediate and short term of your newbusiness venture? Then develop strategy and a hierarchy of plans involving thesecomponents (strategic, tactical, operational and contingency planning).4. Organization Chart: Draw a sample of organizational chart for your business venture. Itshould include job titles, short description and purpose.Marketing Strategy 5. Define factors that determine your marketing strategy (at least 3).6. Develop a marketing plan for your business venture. Your…
- Please refer to the attached case “Managing Up” and answer the following:a) In order to effectively manage up, what things should Grace understand about herself? b) Imagine Grace has come to you for help. Develop a plan for her to manage her relationship with Landon in order to meet her career goals.How does studying theoretical perspectives prepare you for being a manager? (HINT: There are six reasons.) Explain each reason with an example. 1. Understanding of present. 2. Guide to action. 3. Source of new ideas. 4. Clues to the meaning of your managers decisions. 5. Clues to the meaning of outside events. 6. Producing Positive results.Why good crisis management(Prevention, Survival,Successful outcomes) are the important elements for individuals to become an hosing manager?
- Describe Jim Collins' Hedgehog concept. Do you see this as a viable corporate strategy or too simplified? What is a BHAG?How do you use the implementation and innovation strategy for Kibbles and Bits with Leadership styles,Conflict management, Devil’s advocacy?1. What are SMART objectives? 2. What are the different perspectives that influence management objectives?
- The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods that people use to achieve them (means). Do you think this is a flaw in the technique, or in the way managers apply it? How would you place a balanced emphasis on ends and means?How do the roles of business analyst, IT liasion and project manager add strategic business value. Don't think just about the roles and what they do-think of the opportunities and relationship management possibilities and creating true alignment between business and IT.Think of three issues in your work that fit the following criteria: "Pierre Wack, the originator of scenario thinking as it is commonly used today, described it as a discipline for encouraging creative and entrepreneurial thinking and action "in contexts of change, complexity, and uncertainty." Scenario thinking achieves this promise because of three fundamental principles: the long view, outside-in thinking, and multiple perspectives." Share the one which you have chosen with your rationale for why you think scenario planning would be a good method to inform decision-making. Please provide an example as well.
