...Proficient strategy execution depends foremost on having an organization capable of tasks demanded of it in place. Thus, creating an execution-capable organization is always a top priority for McDonald. In order to make it happen, they have carried out few types of paramount organization-building actions. Firstly is by staffing the organization. It means putting together a strong management team and recruiting and retaining employees with the needed experience, technical skills and intellectual capital. McDonald has a good management development curriculum whereby it takes new recruits from trainee manager to Restaurant manager and it offers a direct route into restaurant management through intensive structured training program. The Management Development Curriculum is divided into four key programs. First is Shift Management which involve developing trainee managers in the skills and techniques required to be effective in all aspects of running a shift. Secondly is Systems Management which involve targeting second assistant and newly promoted first assistant managers. This program covers all areas of McDonald's systems, increasing the manager's business knowledge. It also develops individual techniques. Thirdly is the Restaurant Leadership which intend to introduce managers to the key skills needed to become effective restaurant leaders e.g. team-building, communication, decision-making and lastly the Business Leadership which is focusing restaurant/general managers on the...
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...another for market share, and while small competitive advantages can be leveraged into larger ones in a short time, they can be lost in that same time frame. The competition these companies face also exists among small firms operating in leaner capacities. Analyzing any of the above mentioned companies would allow students to be creative while providing an informative view of how these companies are hugely capable of changing the way everyone interacts with the world around us. Video Game Industry An example of a company in the video game industry would be Bungie. Bungie is a medium sized developer that experienced a large amount of success with their “Halo” IP. After finishing the series in 2010, the developer chose to pursue a new strategy and end their partnership with Microsoft. A case exploring the trends of the industry, dealing with a dedicated fan-base that can be resistant to change and how a...
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...Advance praise “Our world is facing uncertainties never seen before. Designing winning strategies, as tough as it can be, is only part of the challenge facing senior management. The most difficult part is to continuously translate our strategy into superior performance at all levels of our organisations. That’s what this book is all about: tips and tricks to get things done” Gérard Mestrallet | CEO | GDF SUEZ “This book absolutely nails the three things every manager needs to know about strategy – execution, execution, execution!” Bill Saubert | Regional Business Leader Australia/New Zealand | MasterCard Advisors “Strategy Execution Heroes is a wonderfully written and well-organised book with a clear commonsense approach to strategy implementation. It is a must-read for any manager regardless of position or years of experience” Michael Benavente | Managing Director Watches | Gucci “Organisations have become very aware that much great strategy is lost before it’s turned into performance, mainly as a result of poor execution skills. This book is a significant step towards addressing that gap: it takes strategy to the manager level, providing practical everyday recipes to make sure that the ‘big picture’ does not remain a boardroom abstraction” Bruno Lanvin | Executive Director, eLab | INSEAD “Strategy Execution Heroes provides leaders with a practical strategy execution how-to guide which includes a brilliant summary of Jeroen’s personal experiences combined with an extensive collection...
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...employed based upon the area the corporation is marketing to. Case-in-point, the menu at fast-food restaurants differs depends on the whereabouts of the restaurant. The corporation emphases on well-liked marketing items inside the nation. Global marketing is particularly imperative to businesses that offer services and/or products that require a worldwide need for instance food and automobiles. Marketing Article Review Global marketing is marketing for the modern global ecosystem. The global view point is a plan that needs the capability to examine a company and competitive growths throughout the globe. The vendor have to then process what possibly will become contradictory data from these numerous resources and generate an effective strategy, a strategy that can provide a service or product a plea throughout boundaries. There are resemblances among domestic marketing plans and global marketing plans; however at core the dexterities needed to achieve both are dissimilar. The thesis of the article Global - marketing is the development of theorizing and then delivering a final service and/or product global in expectations of influencing the global marketing public, Business Dictionary (2013). The author(s) purpose The author(s) D.L. Alden, J.B. Kelley, P. Riefler, J.A. Lee, and G. N. Soutar for the article, “The Effect of Global Company Animosity on Global Brand Attitudes In Emerging and Developed Markets: Does Perceived Value Matter?” informs the readers how country-level...
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...People's Republic of Banglades: In Bangladesh, a draft Bill on Information and Communication Technology has been introduced in the Parliament. The final report on the Law on Information Technology was approved by the Office of the Law Commission in its meeting dated 08.09.2002. The Proposal: Chapter VII on Penalties and Adjudication and Chapter IX on Offences includes some cybercrime provisions that prohibits attacks or unauthorized access to computers and computer systems. Chapter IX: Section 66. Punishment for tampering with computer source documents Whoever intentionally or knowingly conceals, destroys or alters or intentionally or knowingly causes any other person to conceal, destroy or alter any computer source code used for a computer, computer programme, computer system or computer network, when the computer source code is required to be kept or maintained by any law for the time being in force, shall be punishable with imprisonment of either description for a term which may extend to three years, or with fine which may extend to Taka two lakhs, or with both. Explanation.- For the purpose of this section, “computer source code” means the listing of programmes, computer commands, design and layout and programme analysis of computer resource in any form. Section 67. Hacking with computer system - Whoever, with the intent to cause or knowing that he is likely to cause wrongful loss or damages to the public or any other person, does any act and thereby destroys...
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...TERM PAPER TERM 4 PGPME167 STRATEGY EXECUTION & MANAGEMENT OF CHANGE Strategy Execution and Organizing for Success SUBMITTED BY NITYA RANJAN MAITY MSL-126 PART I CONCEPT: The rapid pace of change, increasing competition; globalization and new opportunities made possible by technology all contribute to the need for executives to be able to effectively develop, communicate and manage the execution of organizational strategy. Few quotes on the concept; Michel Porter; “Operational effectiveness and strategy are both essential for superior performance but they work in very different ways” Dr, Robert Kaplan & David Norton; “Managing Strategy differs from managing operation.” Because of the differences, it should not be surprise that the performance management tools for operations are different from those ideally-suited for strategic management. Strategy without execution is like a sports car without horse power. It looks great in the driveway but impresses no one out in the road. Maximizing the organization’s potential and ultimate success depends on accelerating the alignment of strategy, organizational model and people. In other words, success requires the people with right profile and motivation find the organization to be an environment that is conducive to flawless execution. This is a difficult process that is aided greatly by an objective and robust analysis of a company’s people and culture...
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...Change for Strategy Execution Dr. Robert S. Kaplan Baker Foundation Professor, Harvard Business School Executing strategy: Senior executives’ #1 issue The Balanced Scorecard: The Central Component in a New Strategy Execution Management System Private Sector Organizations Financial Perspective "If we succeed, how will we look to our shareholders?” Customer Perspective "To achieve our vision, how must we look to our customers?” Process Perspective "To satisfy our customers and shareholders, at which processes must we excel?” Non Profit and Public Sector Organizations Mission (Customer) Perspective “How do we have a social impact with our citizens/constituents?” Support Perspective “How do we attract resources and authorization for our mission?” Process “To have a social impact and to attract resources and support, at which processes must we excel?” Learning & Growth “How do we align our intangible assets to improve critical processes?” Learning & Growth “How do we align our intangible assets to improve critical processes?” Financial “How should we manage and allocate our resources for maximum social impact?” 3 Palladium Balanced Scorecard Hall of Fame for Executing Strategy® : By Industry 2000-2010 The Management System for Strategy Execution Links Vision and Strategy to Operational Excellence 2 TRANSLATE THE STRATEGY DEVELOP THE STRATEGY • Mission, Values, Vision • Strategic Analysis • Strategy Formulation 1 • • • • Strategy Map / Themes...
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...Review of related literature and studies Literature * Kim (2006) how visual learning can affect the students way of learning. * Smith (2002) visual learners prefer to see how to do things rather than just talking about it. * Lehman, newby, russel, stepic (2005) computer-based tutorials have advantages such as students can interact with embedded questions then easily give feedbacks. * Laird (1985) by stimulating the senses, especially the visual sense, learning can be enhanced. * Computer assisted instruction – is an integrated module for the development and evaluation of the learning scheme of the users on the material provided. * * computer-assisted instruction (CAI), a program of instructional material presented by means of a computer or computer systems. The use of computers in education started in the 1960s. With the advent of convenient microcomputers in the 1970s, computer use in schools has become widespread from primary education through the university level and even in some preschool programs. Instructional computers are basically used in one of two ways: either they provide a straightforward presentation of data or they fill a tutorial role in which the student is tested on comprehension. If the computer has a tutorial program, the student is asked a question by the computer; the student types in an answer and then gets an immediate response to the answer. If the answer is correct, the student is routed to more challenging problems; if the...
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...How to Enter a Product – Once Upon A Child Megan Sturgeon American InterContinental University Abstract This paper is going to discuss how to enter a product into a computer system. Once Upon A Child is a store that purchases gently used children’s items. This paper is going to go step by step on how to put an item into the system to price it for the store. It is also going to describe how this item goes into the store system and the previous owner of the item receives money for selling it to the store. How to Enter a Product – Once Upon A Child Once Upon A Child is a franchise much like Plato’s Closet that resells gently used items. It is important to note that these specific companies are resale not retail. When a customer is ready to let go of their gently used children’s clothing, toys, equipment, and accessories they can bring them in to their local Once Upon A Child and receive cash on the spot. There is a process when the customer brings these items in that let each franchise price their merchandise for the same amount. Almost all of the process is done on a computer program already installed on the computer. There are a few exceptions that are not already listed and involve a bit of research. First, an employee of Once Upon A Child would gather all of the customer’s information and items. There is a sign-in sheet that the customer would fill out with their name, address, phone number, email and signature. The employee also has their own sign-in log where they...
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...Critical Response Essay Life is full decisions, some harder than others, but those hard decisions have to be made sometimes for the wellbeing of others. Medical technology is beginning to take of the medical field and is making ethical decisions and issues a thing of the past. Due to this there are has been some debate on whether or not the technology in the medical field is harming the medical profession or not. Some people agree with the topic others do not and think that the medical team should be the ones making the decisions not the computers. The passage, Medical Technology and Ethical Issues by William E. Thompson and Joseph V. Hickey, explains the dilemma of technology in the medical field, and the different sides of it. The technology that is being referred to is the RIP computer. This is a computer program that doctors us to help make decisions about whether to administer lifesaving actions to patients that are dying or to let them die. In the passage critics and supporters take opposing sides to the issue of technology being used in the medical field. Some believe computers will be making the decisions, while others believe it just provides data to make decisions on who to treat. On the debate of the use of the RIP in medical field has two main positions, the critics and the supporters. The critics disagree with the technology because, they say that it is a “frightening example” of the overreliance of computer technology that makes decisions that should be...
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...Name: Ashwinkumar Talankar Sub: Strategy Evaluation and Implementation Roll No.: 37 - PGDIBS - 02 Assignment: Note on Building an Organization Capable of Good Strategy Execution. The principal components of the strategy execution Process 1. Staff the organization with managers and employees capable of executing the strategy well 2. build the organizational capabilities required for successful strategy execution 3. Create a strategy supportive organization structure 4. Allocate sufficient budgetary and other resources to the strategy execution effort 5. Institute policies and procedures that facilitate strategy execution 6. Adopt best practices and business processes that drive continuous improvement in strategy execution activities 7. Install information and operating systems that enable company personnel to carry out their strategic roles proficiently 8. Tie rewards and incentives directly to the achievement of strategic and financial targets 9. Instill a corporate culture that promotes good strategy execution 10. Exercise the internal leadership needed to propel strategy implementation forward. Building an organization capable of good strategy execution: Building and strengthening core competencies and competitive capabilities: developing proficiencies in performing strategy critical value chain activities and updating them to match changing market conditions and customer expectations. Approaches to Building & Strengthening Capabilities : 1. Developing Capabilities Internally...
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...Final Project Name: Zeeshan mushtaq Roll number: 18-10638 Should Death Penalty Is Compulsory For The People Who Kills Other People? Death penalty is a very contradictive topic and has received tremendous support to abolish it. Society considers death penalty to be very unethical and barbaric. Death penalty is basically a legal process in which the criminal is executed for committing serious crimes such as murder, rape or human trafficking. Death penalty is the most debatable issue in the world. There are also some people who think that death penalty should be legalized in order to provide justice to the people. However I personally disagree that death penalty can put to end to a crime, nor can it help promote social security; but instead it is just a form of inhumane act which is immortal and it promotes violence and risks the innocent lives. The proponents of this argument believe that death penalty is morally right and fair because when one life is taken, one life must be paid in return. This is a complete mistake in mortality. The fact is that every form of killing, even through death penalty, is obviously wrong because it does not make us moral by killing a killer. The question most people ask is that if the first killing is wrong then why do we allow the second killing? The former U.S president Jimmy Carter also stated that the process of death penalty is broken and cannot be repaired and now it should be the time to seek a better way and more moral substitution...
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...A Survivor Have you ever survived an incident so bad that could have been deadly? Souad, the author of Burned Alive, has experienced many difficulties throughout her life. Burned Alive is a memoir which she tells of the painful and cruel things that were done to her at a very young age. She claims to have lived in a small village near West Bank but doesn’t remember as much because she was held captive behind an iron door and was barely given any freedom as a girl. Being born as a girl was the most terrible thing during those times and it was considered to be a curse. They were given the impression to be worthless. Saddened by this, animals were better off than them. The truth is she was often beaten daily for the slightest things such as taking too long to make tea for her father or just for picking a green tomato by mistake because her hand was moving so rapidly due to the fact that she had to pick so many in the least amount of time. Her father often came thrashing at her mother for no real reason. Numerous amount of families practiced this type of behavior. At least twice or even three times she witnessed murder. Her mom would become pregnant and then later they were gone. There were certainly no babies to be seen. She had suffocated newly born babies with sheep skin. No one asked questions. It just happened and that was it. Her close relatives praise her by saying that they would have done the same. Her mother had fourteen children but only five were still living...
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...could be chosen by Vizzini in that they would both drink their wine at the same time. The third element of the game is payoffs. The payoff of the game is the degree to which each player is satisfied with an outcome. The payoff for Vizzini and Wesley was very similar in that the opponent would be dead from drinking the poison and the winner would get the Princess. The fourth element of the game is strategy. Strategy is what decision would be made by the player in every situation the player finds himself in. When Vizzini found himself in this situation of choosing a cup and whether to be a clever man or a great fool, he decided to use a strategy that would create a diversion and switch the cups ensuring he alone knew which cup he picked. Wesley found himself in a different situation. Since he was the only one who was in control of what cup to put the poison in, he decided to put the poison in both cups because he has spent years developing a tolerance of iocaine poison. With this strategy, Wesley insured no matter what cup Vizzini picked it would contain poison. In the end, Wesley’s strategy left Vizzini dead and...
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...Tanglewood’s focus on reducing turnover makes sense for three key reasons: It is costly to us. It is affecting the performance of our organization. It may become increasingly difficult for us to manage as the availability of skilled employee’s decreases in the future. Tanglewood is struggling to come up with a generous plan to retain employees. Based off the responses given during the exit interviews, our company can come up with a way to produce a better retention plan. Immediate changes need to be taken with, but not limited to: • Implementing a better manager training program and not doing away with it • Brainstorming a creative plan to retain managers • Employee satisfaction survey should be done every six months instead of every year (given the high retention rate, otherwise I would stick with a yearly survey) • The four major topics within the survey should contain more than one or two questions in regards to each topic • Exit interview questions should be semi-structured We need to take the time to invest in our staff through career paths, opportunities, training and hiring which will save the company in the end by keeping the best employees. By having a positive work environment, where employees feel appreciated, our employees would feel encouraged to work harder, benefiting both themselves and the company. RED FLAGS Superior Alternatives: Better Salary elsewhere, Company Competitors, Additional benefits other than 401K Dissatisfaction with Organization...
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