...Problem Solution: Best Snacks Inc. Allen Washington Creativity, Innovation, and Organizational Design/MMPBL/550 Dr. Wayne Brock Best Snacks Inc. have held the number one or two position in the snack arena giving exceptional and secure investments for their investors. In the past two years, sales have dropped drastically, the market shares have decreased and stock prices were spiraling down. The Vice President of Organizational Development, Sabrina McKay is a valuable asset with exceptional expertise that involves several organizational development initiatives. However, due to the harshness of Best Snack’s situation, the company is forced to evaluate the likes and dislikes of their constituents in order to compete with success. This paper will address Best Snack’s circumstance in a manner of resolving issues and realizing future opportunities, engaging stakeholders throughout the process to ensure success, and implementing a strategic plan involving new innovative ways and creativity as a vital part of the company’s culture. Describe the Situation Issue and Opportunity Identification Elizabeth Fairchild announced in a Memo to all employees – do to the rapid changes in the world; in order for Best Snacks to continue being successful the company will have to keep up with the changes. The company’s success with depend on if the company leads the way in creativity and innovation. (University of Phoenix, 2010, pg 2) The company has an opportunity to reorganize...
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...Multiple Choice Quiz - Results You answered 0 out of 30 questions correctly, for a score of 0%. 1. Incorrect. You did not provide an answer. Which of the following is the best definition of managerial economics? Managerial economics is The correct answer was: b. a field that applies economic theory and the tools of decision science.. 2. Incorrect. You did not provide an answer. The value of an economic theory in practice is determined by The correct answer was: c. how well the theory can predict or explain.. 3. Incorrect. You did not provide an answer. Management decision problems are comprised of three elements. Which of the following is not one of them? The correct answer was: a. Profitability. 4. Incorrect. You did not provide an answer. Which of the following areas of economic theory is the single most important element of managerial economics? The correct answer was: d. Microeconomics. 5. Incorrect. You did not provide an answer. Which of the following is defined as the study of the aggregate economy studied as a whole? The correct answer was: c. Macroeconomics. 6. Incorrect. You did not provide an answer. Which of the following is the discipline that studies the use of statistical tools to estimate economic models? The correct answer was: b. Econometrics. 7. Incorrect. You did not provide an answer. Firms do not continue to grow without limit because of The correct answer was: a. managerial limitations.. 8. Incorrect. You did not provide an answer...
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