...Macro-Leadership and Micro-Leadership Leadership, Change & Responsibility – Assignment MSM MBA - Intake 17/ Group 3 Tuan DO Diah MINTARSIH Chau TRAN Truc-M. NGUYEN SUMMARY Macro-Leadership: Vision Macro-Leadership: Vision • Focuses on vision, long-term strategy and future planning. • Enables and encourages transformational change. • Is ready to take big risk in favor of the strategy & vision. • Innovative approach & willingness for disruptive change • Extrovert generalist favoring a broad-based leadership Micro-Leadership: Control Micro-Leadership: Control • Willing to take actions with respect to current reality. • Control & keep things in balance. • Adheres to mission & incremental changes. • Expert attitude with tendency to be extremely critical to deviation / divergence. • Manages & mitigates risk. • Continuity-based and transactional management approach. Vision versus Control Vision-Control-Matrix (Vander Ark, 2015) Vision versus Control • Vision alone does not enable change. • Vision neglecting the micro-focus on realities in business management leads to failure. • Vision without practical leadership results in empty dreams. • Control alone demotivates, does not benefit from diversity & prevents individual growth. • Control without keeping the “big picture” in mind leads to control obsession. • Control obsession is toxic for any organization. CONCLUSION Synthesis of Macro & Micro ...
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...Zoom In Zoom Out Page 1 of 2 Business Management Essay COMPANY: Starbucks Subject; “Discuss the impact macro factors may place upon your chosen organisation in the future (1-5 years) and how the organisation may positively manage this”. When speak from macro and micro perspective we must bear in mind that these are two different phenomenon’s. Micro factors can be described as factors that people and businesses keep in mind when making decisions concerning the allocation of resources, whereas macro factors can be described as the factors that are kept in mind when making decisions regarding not only specific companies but industries as a whole and economies, more over micro environmental factors are the one’s over which the business has control for example price, product and promotion whereas macro environmental factors are the one’s over which the business has no control as such as social, cultural, technological and political factors. Businesses operate in markets keeping in mind changing situations not only of their market conditions but also the trends of the economies that they operate in, so that they can adjust and survive in accordance with new situations because adaptation is a must for a business to survive and prosper otherwise a business might be forced to cease operations and shut down. Starbucks is one of top five(Caribou coffee, Tully’s ,Coffee bean and tea leaf, Peet’s Coffee) businesses in a $11 billion industry. The coffee house industry grew from merely...
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...how their systems are affected. We will also present some changes and alternatives for the management team of Tucker Knox Corporation and how to apply these alternatives. Last but not least we will give a short conclusion. Introduction: Tucker Knox Corporation is a world leader in automotive breaking-systems and manufacturing, they are supplying breaking systems to car manufacturers. The organization is one of the leading automotive breaking system companies and hold the number 1 position in the market share. In this case analysis, we will tell about the problems in both the macro- and micro perspectives. Problems: A. Macro - The first macro problem we come up with is the Political turbulence within the organization. Because the company has faced many changes in top- management there is a lot of confusion and uncertainty surrounding the organization and it´s environment. - The second macro problem is about the possible Retention of the Market share in a sharply priced competitive market. This problem has turned down the profit and has a negative effect on the market image. B. Micro - The first micro problem is associated with the assembly operations, the company bears high labor cost that ultimately increases the cost of the goods they produce - Also Tucker Knox Corporation is facing problem related to the management position. In a way that the current manager does not have a strong technical...
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...macro environment macro data market environment Definitions (2)Add to FlashcardsSave to FavoritesSee Examples 1. The major external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies. These factors include the economic factors; demographics; legal, political, and social conditions; technological changes; and natural forces. 2. Specific examples of macro environment influences include competitors, changes in interest rates, changes in cultural tastes, disastrous weather, or government regulations. Macroeconomic Factors and the Management Environment by Leo Sun As a new business manager, the first thing you must be in tune with is the state of microeconomics and macroeconomics. While we are trained to pay attention to the former, the latter can often catch us by surprise and sink our business instantly. Microeconomic factors are company-specific trends. These are the factors in your business that keep it afloat. Revenue, earnings and margin are the key micro factors at your company. The size of your workforce, the production volume of your products and your advertising campaigns are all micro factors as well. In short, micro factors are parts of your business that can be fine-tuned and changed by the management. Macroeconomic factors are national and global events which are out of your control. The September 11th terrorist attacks, the financial meltdown of 2008-2009 and the European sovereign debt crisis...
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...* What is duplicate content? * The Difference Between Selling and Marketing? Answer: Marketing environment refers to the external factors that may affect a company. These can usually be split up into macro and micro analyses, where macro focuses on factors that affect the economy and industries as a whole, while micro focuses on factors within an industry, such as competition. Several tools are used to make sense of a company's business environment, such as PESTEL, SWOT, Market Life Cycle and Porters 5 forces. Market environment The market environment is a marketing term and refers to factors and forces that affect a firm’s ability to build and maintain successful relationships with customers.Three levels of the environmment are: Micro (internal) environment - small forces within the company that affect its ability to serve its customers. Meso environment – the industry in which a company operates and the industry’s market(s). Macro (national) environment - larger societal forces that affect the microenvironment.[1] Contents [hide] * 1 Micro-Environment (internal environment) * 2 Macro-Environment (external environment) * 3 Meso-Environment * 4 References * 5 External Resource Micro-Environment (internal environment) The micro environment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself, its suppliers, marketing intermediaries, customer markets and publics...
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...Is empowerment a valuable tool for increasing efficiency and effectiveness in today’s organisations? In recent years, the degree of competition in the business world has increase dramatically, business has to be able to adapt with the change of the environment, law, and technology. Many managerial practices have been developed to enable the organisation to increase its efficiency and effectiveness. Empowerment as a tool that focusing on increasing employee motivation to contribute on the organisation has been discussed in widely for years, many scholars have conducted a large number of study on this regard. From various journal articles, this paper will define and discuss the benefit of the concept of empowerment on the organisation in three different aspects, first, the individual empowerment which personal perception on the workplace. Second, empowerment climate which is directly related to firm’s code of conducts as well as structures. Lastly, the relationship across two level or multi-level empowerment will be explained and discussed. The question that is the empowerment a valuable tool for increasing organisation’s efficiency and effectiveness will also be answered There are arguments on the definition of empowerment since this concept is complex and can be explained on multiple dimensions, levels, and disciplines. Definition of empowerment in general was explicitly given by Conger and Kanungo (1988) as “ a process of enhancing feeling of self-efficacy among organisational...
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...Introduction 2 II - Micro Environment 2 1. Customers 2 2. Partners 3 2.1. Suppliers 3 2.2. Franchisees 3 3. Competitors 3 4. Industry 4 III - Macro Environment 4 1. Political 5 1.1. Carbon tax 5 1.2. Minimum wages 5 2. Social Cultural 5 3. Economic 6 IV - Conclusion 6 V - References: 6 I - Introduction KFC, which has full name as Kentucky Fried Chicken, is one of well-known fast food brand names in the world due to their effective marketing strategies. To create good marketing strategies, KFC needs to understand the market by conducting a market research and collecting information about micro and macro environment. Therefore, they can influence factors in the micro environment and respond to potential macro environmental factors that can affect to them within next 12 months in Australia. This report focuses on marketing concepts which explain micro and macro environment. These key marketing concepts will be analysed and explain how KFC applied into their strategies. This report is based on academic resources such as marketing lecture notes of Insearch, text books of Philip Kotlers and academic online resources. II - Micro Environment Micro environment is examined as an environment in which the company can indirectly influence such as customers, partners, competitors and industry. For each factor, the company need to have suitable strategies to affect. 1. Customers Under marketing concepts of Philip Kotler (Marketing Management, Defining...
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...Learning Activities from Chapter 1 Master in health information management Healthcare information leadership Millennia Atlantic University Mariana Viloria 1. Differences between micro and macro perspective of healthcare. MACRO-PERSPECTIVE: Macro perspective is a form of analysis which focuses on the structure of society and provides a way of seeing society as a unified whole. In this macro perspective minimal attention is given to the individual or the subjectivity of actors - the structures of society are thought to be primary and responsible for shaping the individual. MICRO- PERSPECTIVE: A micro perspective focuses on the individual level, while a macro perspective focuses more broadly on society. Ethics is a major concern in the health care field. Health care professionals must ensure that they are benefitting patients and meeting ethical and moral guidelines in the provision of care. There are two types of ethical issues facing the health care community: micro issues and macro issues. Micro issues cover issues that arise on a daily basis, and they involve such factors as technological change and dealing with a diverse population. Macro issues concern the allocation, use, and management of health care resources. Macro issues are of major importance as the amount of resources being consumed by health care continues to rise. At the macro level there is a political issue, allegedly somewhere between 25 and 50 million persons who are "uninsured," by which the...
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...MKT 101 - MARKETING Target: From “Expect More” to “Pay Less” Management Case Rubric Company Case 3 (only answer questions 1, 2, 3, & 5) Point breakdown Content 90/90 News Event 5/5 G/S (grammar, spelling, questions) 5/5 Total 100/100 General Requirements: a. There are 100 points per case b. Ninety points will be divided equally among the questions (e.g., 5 questions @ 18 points each, 4 questions @ 22 points each, etc.) c. Five points will be granted for indicating one recent (within the last six months) news event for that company/product. This can be simply a 2-3 sentence statement describing the news event. d. Five points will be based upon correct use of grammar, spelling, neatness, and inclusion of the case question. e. Full credit will be given if you meet the following requirements: • Your answer addresses the questions directly • Your answer addresses all parts of a multiple-part question • Your answer includes terms and concepts from the text • Your answer includes examples from the case f. Please see the rubric for each management case for specific question requirements |Q |Full Credit |75% Credit |50% Credit |25% Credit | | |22 points |16 points ...
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...important role inthe growth process of an economy. Various FDI theories provide the motivations and determinants ofFDI. Economists broadly classified the FDI theories into macro-level and micro-level FDI theories. Themacro-level FDI theories give the macroeconomic factors that determine the FDI and micro-leveltheories discuss the motivation of FDI associated with the firm level. Besides these two categories,the development theories of FDI also discussed the motivation of FDI flows. JEL Classification : F21, F23. Key words: FDI theories, macro-level FDI theories, Micro-level FDI theories, DevelopmentFDI theories.The Foreign Direct Investment (FDI) theories can be classified broadly into twocategories. One is at the macro level and the other is at the micro level. Again at the macro-level, we have capital market theory, Dynamic macroeconomic theory, FDI theories based onexchange rates, FDI theories based on economic geography, gravity approach to FDI and FDItheories based on institutional analysis. At the micro-level, we have the theories likeExistence of firm specific advantages (Hymer), FDI and oligopolistic markets, Theory ofinternalization, and Electic FDI theory (John Dunning). Recently another type of FDIcategories discussed by the economists is the development theories which combine both themicro level and macro-level FDI theories. The development theories are Life cycle theory,Japanese FDI theories and five stage theories (John Dunning). What are the factors thatattract FDI...
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...F.Y.B.A. Paper – I Economic Theory (Micro Economics-I) SECTION – I Module 1 : Introduction Meaning, nature, scope, significance and limitations of micro economics. Ceteris Paribus – use and significance. Concept and types of equilibrium : stable, unstable, static and dynamic equilibrium – partial equilibrium and general equilibrium, positive economics and normative economics, managerial economics. Basic concepts – wealth, welfare and scarcity. Basic tools of economics analysis (equations and functions, graphs and diagrams, slope and intercepts) Module 2 : Consumers Behaviour and Demand Marishallian Approach : Equi-marginal utility, Law of demand – Determinants of demand. Elasticity of demand and its measurement. Price – Income – Cross and Promotional elasticity of demand. Consumer’s Surplus. Hicksian Approach : Indifference curves – properties of Indifference Curve, Consumer’s Equilibrium, Price effect, Income effect and substitution effect – Derivation of demand from Price Consumption Curve (PCC) – Giffen’s paradox. Samuelson Approach : Revealed Preference Theory. Module 3 : Production and Cost Analysis Concept of production function : short run and long run – Cobb – Douglass production function. isoquants – iso-cost line – producer’s equilibrium. Law of variable proportion and Law of returns to scale – Economies of scale – Economies of scope. Concepts of costs : Money and real cost, Opportunity cost, Social cost, Private cost – Derivation of short run and long run cost curves–...
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...Position Paper 1 Technological advancement during the Industrial Revolution ultimately laid the foundations that enabled the creation of a workplace that promoted efficiency, discipline, and coordination. This workplace has become a symbol for the shift from home industries to the modern industrial firm known as a factory. Technological advancement can be classified into two categories: macro-inventions and micro-inventions. Macro-inventions are technological advancements of sufficient importance that dramatically change the production process. Micro-inventions are minute alterations to preexisting forms of capital that serve to enhance or improve its performance. There is a great debate, specifically concerning the British Industrial Revolution, over whether successful technological change is based on breakthrough inventions or small, incremental improvements to known techniques. With changes in technology and the workforce came the centralization of employees. Centralizing the workforce dramatically changed the basic functions of a family and the household. Families adopted a new specialized lifestyle in which they had to adhere to the schedule of the factory. The in industrial revolution can be defined through a three pronged sequence of change: a small sector economy that underwent drastic technological change, as a consequence this sector grew exponentially, and this growing and advancing economy spread to surrounding sectors allowing for trade to occur. Technological change...
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...To begin, the micro environment cost of those elements which are controllable by management. Normally, the micro environment does not affect all the Companies in an industry in the same way. This is largely because of the size, capacity, capabilities and strategies which each Company use differently. For example, the raw material suppliers are given more concession to large size Companies. However, they may not give the same to small size Companies. Like the same, Companies will not mind if its closest rival is relatively small. But if the rival is large he will tend to be more conscious. Sometimes, the micro environment of various in an industry is almost the same. In such case, response to these firms to their micro environment may differ as each firm will seek to achieve a different success level. The most important factors of micro environment of business consist of competitors, suppliers, customers, public, marketing intermediaries and employees. On the other hand, macro environment is defined as the as major external factors that can influence an organization’s decision and affect its performance and strategies, (Business dictionary). These factors include political, economic, legal, technological, social, cultural and demographic. Managerial decisions are influenced by events that occur in the larger economic environment in which a Company operates. Changes in the overall level of economic activity, interest rate, unemployment rate, exchange...
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...There are two kinds of external marketing environments; micro and macro. These environments’ factors are beyond the control of marketers but they still influence the decisions made when creating a strategic marketing strategy. micro and macro environments Micro Environment Factors The suppliers: Suppliers can control the success of the business when they hold the power. The supplier holds the power when they are the only or the largest supplier of their goods; the buyer is not vital to the supplier’s business; the supplier’s product is a core part of the buyer’s finished product and/or business. The resellers: If the product the organisation produces is taken to market by 3rd party resellers or market intermediaries such as retailers, wholesalers, etc. then the marketing success is impacted by those 3rd party resellers. For example, if a retail seller is a reputable name then this reputation can be leveraged in the marketing of the product. The customers: Who the customers are (B2B or B2C, local or international, etc.) and their reasons for buying the product will play a large role in how you approach the marketing of your products and services to them. The competition: Those who sell same or similar products and services as your organisation are your market competition, and they way they sell needs to be taken into account. How does their price and product differentiation impact you? How can you leverage this to reap better results and get ahead of...
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...iBM 1. 2. Analyze IBM strategies, to remix their businesses in order to move to the emerging higher-value spaces, in Macro and Micro environment level 3. IBM strategy PESTEL analysis in Macro level Five forces analysis in Micro level Recommendation Conclusion SOWT analysis Complexity analysis 4. o IBM understood Value was shifting in the IT industry, driven by the rising tide of global integration, a new computing paradigm and new client needs. o Economies of developing nations were growing rapidly, driven by historic investments in fundamental business infrastructure. Enterprises were looking to tap skills and expertise available all over the world and to integrate their operations globally. o Change in computing architecture was rippling across the data center and the network, along with a proliferation of technology infused into all aspects of work and life. Companies were seeking to integrate advanced technology with their business processes and operations, not only to reduce costs, but to enable innovation and growth. o IBM remixed their businesses in order to move to the emerging higher- value spaces by focusing on software and IT industry. IBM Strategies 5. IBM Strategies Hardware And Services Software IBM sold the personal computing department To Lenovo 6. PESTEL Analysis for Macro environment factors Social Political Technological Environmental Economic Legislative 7. Iraq War in 2003, affected world economy, and IBM stock fell down. Technology affects directly...
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