Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Question
Chapter 1, Problem 3DQ
Summary Introduction
To determine: The better option to do a job that caused irritation to Person X.
Introduction:
Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.
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Create 5 interview questions that you will ask the manager. Your questions should connect with each of the following major course topics:
Question 1: Foundations of Management (Unit 1) / Management Challenges (Unit 3)
Question 2: Planning (Unit 2b)
Question 3: Leading (Unit 2a)
Question 4: Organizing (Unit 2b)
Question 5: Controlling (Unit 2b)
After each question, explain in detail why you chose to ask it:
What did you hope to learn by asking the question?
Note: Your rationale for each question does not need to be included in your actual interview, but just written in your submission (i.e. don’t say it to the person you are interviewing).
Everest Group Company is grappling with a lot of change, and retaining employees is one of its top priorities. Your team has been appointed as a Business Analytics. You have been asked to specifically focus on at-risk employees (employees who are most likely to quit their jobs). Data from the Reward Management platform Remchannel stated that employees who left their jobs gave the following reasons: "better pay," "better working environment," "improved career opportunities," and "work-life balance".
3.1 Explain two (2) strategies you will advise Everest Group Company to put in place to identify early warning signs for at-risk employees
3.2 Based on your knowledge of the Closed-Loop Process to Optimize Business Performance, identify two (2) strategic objectives Everest Group Company should develop that specifically focus on at-risk employees
3.3 How will you advise Everest Group Company to monitor the effectiveness of the strategic objectives identified in question 3.2
"Next to the death of a relative or friend, there's nothing more traumatic than losing a job.Corporate cutbacks threaten the security and self-esteem of survivors and victims alike.They cause turmoil and shatter morale inside organizations and they confirm the view thatprofits always come before people."
- Laura Rubach, Industry Analyst, in 1994
QUESTION:Discuss one (1) alternative to downsizing using an example from an actual company tojustify the use of this alternative. Your example must demonstrate the impact of using thisapproach and why is was more suitable than downsizing.
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