Topic one: What do you know about the MBO (management by objective) system? In what way, do you think MBO could be linked to organization’s strategy? Please provide research evidence to support your claim. Topic two: In what way do you think that small businesses (i.e. a small group of realtors, a local restaurant, the diner around the street corner, the coffee shop your family just franchised etc.) should have strategies? Why?
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Topic one: What do you know about the MBO (management by objective) system? In what way, do you think MBO could be linked to organization’s strategy? Please provide research evidence to support your claim.
Topic two: In what way do you think that small businesses (i.e. a small group of realtors, a local restaurant, the diner around the street corner, the coffee shop your family just franchised etc.) should have strategies? Why?
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- What did you learn about some of the real benefits and limitations of planning by watching this video?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.1) Which of the following is NOT one of the components of building a capable organization? a. Staffing the organization b. Building core competencies c. Developing core strategies d. Matching the organization structure to strategy Select one: a. a b. b c. c d. d 2) In performing the strategic evaluation activities, strategic leaders and managers must take into consideration certain key characteristics to determine an effective strategy evaluation system (David, 2007). Which of the following is NOT one of the key characteristics? a. Accuracy in relation to adequate feedback. b. Evolution to re-start. c. Timely feedback for decision making. d. Meaningful to understand that strategy has a short-term and long-term focus. Select one: a. a b. b c. c d. d
- Research topic - What is the future of strategic managemnt planning and managemnt personnel in a business environment? A technological and critical approach to future prospects of strategic planning and management in business outsourcing. Based on strategic management. Identify a suitable theory that is related to your research topic. Ensure that you capture the essence of the theory and that you provide a justification for the relevance of the theory to your proposedstudy. Note this is not an essay.Assume the role of a mid-level manager of a small company. The CEO, Rachael Barker, wants your views on a new computer network she is considering. The current network is adequate, but the new one will provide much greater capabilities for managing files, word processing, and accessing the database. Write a one-page email in which you list (1) the key factors that you believe must be taken into account in making the decision, and (2) the trade-offs that must be consideredOver a decade ago, Folkhälsan—a healthcare nonprofit based in Finland—recognized the need for an integrated strategy and improved performance management. Monica Niemi is Folkhälsan’s development manager and played an integral role in the creation of the organization’s Department of Strategy Management. Monica shared with us a little about life at Folkhälsan before the Balanced Scorecard, the difficulties and successes the nonprofit has had with strategic planning, the unique challenges a healthcare organization may face when handling performance management, and best practices you can put in place for your scorecard rollout.About FolkhälsanFolkhälsan, a nongovernmental organization in the social and healthcare sector, was founded in 1921. Today, Folkhälsan has approximately 1,500 employees and 19,000 members in its local association.The organization has five primary divisions:-Folkhälsan Foundation: This division has the responsibility of coordinating operations for the entire…
- Research topic- What is the future of strategic managemnt planning and managemnt personnel in a business environment? A technological and critical approach to future prospects of strategic planning and management in business outsourcing. Based on strategic management. Identify a suitable theory that is related to your research topic. Ensure that you capture the essenceof the theory and that you provide a justification for the relevance of the theory to your proposedstudy. Note this is not an essay.a. How do a strategic plan, a tactical plan, and an operational plan differ? What do they all have in common? b. What exactly does a manager organize and for what reasonTASK: 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…
- Q1.What are the classical management theories? Q2.How managers can increase employee performance with scientific management theory? Explain in detail Q3.Is there one best “style” of management? Why or why not? Explain in detail Q4.In today’s environment, how organization can achieve competitive advantage? Explain in detailManagement involves the four basic functions. These management activities are interrelated with each other. However, management functions do not usually occur in a tidy, step-by-step fashion. Therefore, among four management functions, discuss with the help of an example that which activity maintain managerial effectiveness by serving as guides for future activities and how? Moreover, do you think this activity help managers know how to allocate their time and resources? If yes, justify your answer with the help of an example.10-15 cogent strategy recommendations that summarize the way forward for PIA. Again, your submission should be in bullet format; the bullets must read as grammatically complete sentences. Please ensure that your recommendations relate to strategy, and not tactical or operational matters ?