...DESCRIPTION This course focuses on creating the value proposition as a driver of sustainable competitive advantage. Topics include translating key emerging trends into business opportunities; strategic challenges of global expansion; opportunities and constraints posed by regulatory change; competitor intelligence; scenario planning/planning for multiple futures; maximizing core business value; differentiating the value proposition; distribution channel development and integration; tailoring the value chain; building successful strategic alliances; and off-shoring models and approaches. Week 1 - Topic 1: Mission, Vision, and Values Objectives Distinguish between strategy and tactics. Explain the essential components of the strategic management process. Analyze the relationship among leadership, culture, stakeholder interests, and strategic outcomes. Create vision, mission, and values statements. Materials MIND MAP Mind Map Concept Outline EBOOK EBOOK COLLECTION: Chapter 1 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 2 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 10 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. ARTICLES ARTICLE: Required Articles for Week One Assessment Mission, Vision, and Values Paper Submit a 700-word to 1,050-word...
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...Ten Principles of Leading Change Management Critique Name School Setting Strategic Direction: Vision, Strategy, and Tactics Critique The article by the title “Setting Strategic Direction: Vision, Strategy, and Risk”, written by Steve Robbins is an article whose main focus is the ability of any individual to improve his or her personal leadership ability by focusing their personal leadership on the three tools that assist in leadership. According to Steve Robbins, these three tools are quite efficient in developing and ensuring that the leadership is not with blame. The three tools are vision, strategy, and tactics. Robbins defines vision as the ability of an individual to understand the future expectation. Thus the individual has the capability of forecasting the business environment both internal and external that my form a stumbling block. Strategy refers to the way through which the individual can effectively plan the implementation of the program. The tactic aspect as a tool in management is the ability of the leader to wittingly escape or overcome adversity (Robbins, 2012). According to Robins, the three tools for management are critical to the leadership of an organization. The article is brief and effectively defines the three tools as well give the necessary an individual should partake in so that the quality of their leadership is high (Daft, 2011). This aspect of the article does raise the level of understanding the audience...
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...concerns, selecting only one, developing a list of interview questions based on a brief review of research in that HR area, and then conducting an interview to explore the matter in depth. It is NOT merely a report of the conversational narrative of the interview. It is a thorough critique with recommendation for improvement. 1. Critique a current HR policy or issue in a specific company and make recommendations for improvement. Examples of policies are: recruiting, hiring, orientation, training, succession planning, career planning, team development, performance review, equal employment opportunity, pay incentives, a specific type of employee benefit or perk, corrective/disciplinary action, OSHA compliance, and safety recognition. 2. Describe a current HR strategy in a specific company and how it enhances their competitive advantage in business. Discuss strengths and weaknesses of the strategy. Examples are: HR employment planning, performance management system, organization design/development, compensation planning, quality of work life (QWL), promotion of diversity, and team building. 3. Interview a HR Manager in a specific company and identify the major issues facing him/her and how they plan to address them. Generally, this is a three...
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...concerns, selecting only one, developing a list of interview questions based on a brief review of research in that HR area, and then conducting an interview to explore the matter in depth. It is NOT merely a report of the conversational narrative of the interview. It is a thorough critique with recommendation for improvement. 1. Critique a current HR policy or issue in a specific company and make recommendations for improvement. Examples of policies are: recruiting, hiring, orientation, training, succession planning, career planning, team development, performance review, equal employment opportunity, pay incentives, a specific type of employee benefit or perk, corrective/disciplinary action, OSHA compliance, and safety recognition. 2. Describe a current HR strategy in a specific company and how it enhances their competitive advantage in business. Discuss strengths and weaknesses of the strategy. Examples are: HR employment planning, performance management system, organization design/development, compensation planning, quality of work life (QWL), promotion of diversity, and team building. 3. Interview a HR Manager in a specific company and identify the major issues facing him/her and how they plan to address them. Generally, this is a three...
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...customer base that is choosy and critical. In order to succeed in this chaotic environment, companies have to compete for business. A high-quality business must be committed to performance excellence. Employees must have clear performance standards, receive the proper training and be innovative. In order to maintain performance excellence, the organizational leadership must be both inspiring and supporting. Mangers must also remain focused on planning, both short and long term. The organizations customers must become a top priority and their satisfaction must be a constantly calculated metric. The last required constant is performance measurement and analysis. Performance excellence is a multifaceted approach that encompasses leadership, strategic planning, customer focus, measurement and analysis. Leadership is such a hard commodity to find in adequate supply. So few individuals are inspirational to their people; they don’t lead by example. “Research has unequivocally demonstrated that when leadership inspires trust and confidence in the future, and managers recognize and respect employees, ensure they are growing and developing, and match them to assignments for which they are well suited, employee engagement is higher” (KINEXA). The majority of people will follow a leader that exemplifies the mission oriented posture and selfless motives of an inspirational guide. The success of an organization is basically dependent on the skillful actions of its leaders. The leader must...
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...Case study 2: Second National Bank 1. What do you think of the idea of having an annual off-site retreat for top management to develop the strategic plan for the organization? In my opinion, it is not a good idea because in many situations, top managers are not someone who involved directly to the strategic plan. Their main responsibility is to manage is focused on macro management process; as a result, many of them do not remember primary categories of the strategic plan; for example, in this case study, they did not even bring any copy of the plan to their meetings. Meanwhile, middle level and low level managers tend to deal with different kind of projects which are based on the strategic plan in more details. Consequently, they could figure out if the strategic plan is good enough and how it could be improved. Besides that, one of the most important factors which help recognize if it is the effective strategic plan is the strategy reviews from middle level and low level managers. However, via this case study, we can realize that no one in top management brings any review to the meetings. I think it is a really bad situation, since how the top management could adapt the plan based on the outcomes of those reviews. 2. Critique the planning process for the Second National Bank Firstly, the strategic planning of the Second National Bank should comply with organization’s mission and vision Mission: Provide excellent bank services Vision: “Exxor County’s Friendliest Bank” ...
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...of having an annual off-site retreat for top management to develop the strategic plan for the organization? The management’s idea to hold the strategic meeting off-site excludes some of the members who are part of the bank’s management and other operational sectors. Strategic plans for the future of an organization depend on information and feedback from every section or department of the company, and clearly Second National Bank had only its top management at the meeting. This left a gap for misinformation and lack of sufficient information which can often lead to inaccurate and unrealistic plans. Meetings that involve the heads of departments and their subordinates tend to promote collaborative and team work. Having most of the staffs involved could have been beneficial to provide better insight and optimize the group’s planning potential and capability to build a successful plan. 2. Critique the planning process for the Second National Bank. During their planning process, the management did not appear to have used or tracked any of the tools that were available to them. In the Quality Assurance world, it is very important to leverage the voice of the customer and understand that their opinion is very important when implementing any type of process improvement in the current system. It is very interesting how the management decided to change their slogan, but did not seem to follow a plan to check and monitor the improvement in the quality of their customer service...
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...Introduction: Using strategic management and strategic planning has many advantages as it increases the overall performance and assists in improving management efficiency, which will translate in the ability of identifying and capitalizing on market opportunities and will encourage employees as they will have a higher positive attitude such acceptance to change. SMEs have high importance in the economy accordingly strategic management has lots of benefits for their survival and obtaining high performance. Strategic management process: Strategic Management Can be defined as the art and science of formulating implementing and evaluating cross functional decisions that enable the organization to achieve its objectives Strategy is a plan of action and the main way to achieve organization goals and objectives the will lead to improve long term performance of the company. Strategic management process involves four main components which is a model of dynamic strategic management process illustrated as follows: Strategic analysis: It involves internal and external environment analysis to identify strategic factors that will affect the future of the company. Strategy formulation: To establish vision, mission and long term objectives also to generate and identify strategic options to strengthen the competitive edge of the company. Strategy implementation: It requires building an organization that is capable of performing a successful strategy , setting budgets , building performance...
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...markets, companies have learned that branching out into the International realm proves to be worthy. Companies who enter into the International markets need to do so only after they have developed a strategy. Porter’s Five Forces Model is a great resource for companies who want to develop a successful strategic plan. Porter’s Five Forces is a model for Industry Analysis which speaks on rivalry, power and barriers. A company seeking International gain should be aware of these three topics and incorporate them into their new strategic business plan. A new company making an International entrance should immediately expect rivalry from other companies who have already established themselves in a given market. Companies must always strive for competitive advantage. According to Porter’s Model to get advantage over its rivals a company can choose to change its prices, improve its product differentiation or use a new channel of distribution ("Porter’s Five Forces," n.d.). To determine which course of method is best, the company would need to develop a strategic plan and set intended goals. Once a deliberate strategy is realized, the company can begin to implement its action plan and move forward to the next step (Stahl & Grigsby, 1997). An ideal strategy for a company starting out on the International market is to determine how powerful they can be. Do they have a competitive edge? Are they the only “players” in that “field” or are there others?...
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...Part 1. Identification of the marketing academic’s work 1. Introduction Philip Kotler has come to be known as one of the pioneers who has contributed to the field of marketing by broadening the subject as a profession which is now taught in schools and as part of a key area which needs to be incorporated in the business as part of the business plan. Born in Chicago on the 27th of May in 1931 to Russian Immigrants. He grew up with his three brothers in Chicago, where his parents ran a retail business. At an early Dr Kotler was seen to be someone who enjoyed reading. Dr Kotler is married to Nancy with three children. [pic] [pic] 2. Professional Background Kotler earned his Masters degree in economics from University of Chicago and his PhD at M.I.T both in economics. He also did his postdoctoral work in mathematics at the Harvard University and behavioural science at the University of Chicago. In 1962 he joined the Northwestern University which was later named as Kellogg School of Management. He has since been known as the distinguished S.C. Johnson & Son Distinguished of International Marketing at the Kellogg School of Management at Northwestern University. In business he has consultated and researched for IBM, American Bank, General Electrical and Honeywell. 3. Author: As an author he authored and co-authored 47 books by 2007. Amongst those books is the famous Marketing Management book which was released in 1967 which has since been recognised as the...
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...[pic] ביה"ס לניהול וכלכלה – התוכנית לניהול מערכות מידע 1 . פרטי הקורס |שם הקורס בעברית |היערכות לחירום והמשכיות עסקית BCLE1500 | |שם הקורס באנגלית |BCLE1500 | |שנה |סמסטר |תואר ראשון/שני |שם מקוצר באנגלית | | | | |עד 8 אותיות | |תשע"ג |א' | |BCLE1500 | 2 . סגל הקורס מרצה |שם פרטי בעברית |שם משפחה בעברית |שם פרטי באנגלית |שם משפחה באנגלית | |שלום |דוד |SHALOM |DAVID | |טלפון לפרסום (לא חובה) |דוא"ל |שעת קבלה | | |0504916155 |Shalom.david.cyber@gmail.com |בהמשך לשיעור שיקבע | | מתרגל – זהה למרצה |שם פרטי בעברית ...
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...Successful organizations know that to win in today’s competitive marketplace they must attract, develop, and retain talented and productive employees. The resource-based view of the organization emphasizes, in the words of Capelli and Crocker-Heifer (1996), that ‘distinctive human resource practices help to create unique competencies that differentiate products and services and, in turn, drive competitiveness’. Therefore, winning organizations get their competitive edge from a Performance Management System (PMS) that helps them hire talented people, place them in the right position, align their individual performance with the organization’s vision and strategic objectives, appraise them, develop their abilities, and reward performance commensurate with contributions to the organization’s success. However, organizations need to understand some of the human resource practices in order to maximize the benefits, such as Performance PMS. With reference to orthodox and radical criticisms, this essay will argue the extent to which PMS is more superior to performance appraisal in managing performance in a modern organization. Performance management is a systematic process for improving organizational performance by developing the performance of individuals and teams. It is a means of getting better results by understanding and managing performance within an agreed framework of planned goals, standards, and competency requirements. (Armstrong 2009). The essential components or parts...
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...will be created. I will define the guiding principles or values for the selected business considering the topics of culture, social responsibility, and ethics. I will analyze how the vision, mission, and values guide the organization’s strategic direction. I will also evaluate how the organization addresses customer needs and critique how they achieve competitive advantage. Strategic Plan, Part 1: Conceptualizing a Business It is imperative to comprise a Strategic Plan to ensure that the business is successful. Astrategic business plan facilitates the company to characterize its mission and vision, giving the company a sense of purpose and direction that sets them apart from competitors (Pearce & Robinson, 2009). A mission statement also discusses the product or services conducted by the company (Pearce & Robinson, 2009). Instituting a firm mission and vision statement without a doubt represents to prospective and current patrons the company’s core values and its strategy for the future. Discussed in this paper will be the mission and vision statements and the values of the Red Dawg Range based in Pine Mountain Georgia. This paper will address the company and how each of the factors help to determine the company’s strategic direction. Define the Business, Product and Mission Statement Red Dawg Range is a indoor/outdoor gun range in the town of Pine Mountain Georgia on 4 acres. Red Dawg Range will be servicing the valley area with a venue for gun...
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...Conceptualizing a Business Del Watt University of Phoenix BUS/475 February 10, 2014 Instructor: Fritz Hibbler, PhD * Write a 1,050- to 1,400-word paper in which you explain the importance of your selected business’s vision, mission, and values in determining your strategic direction. Include the following: * Bed and Breakfast * * Building a business involves 1) analysis or assessment, where an understanding of the current internal and external environments is developed, defined by using a mission statement and a vision of what the business need to accomplish and the desired end results of success. * Bed and Breakfasts are located all over the United States and offer not just a place to stay for the night but also incorporate the surrounding areas to provide entertainment and casual education to all who stay. * The following mission statement sums up the company’s direction and outlines the goals for what the owner and the management team hopes to accomplish, both in the business and the industry being served. * * Mission Statement: * To build a reputation for memorable vacations, getaways, and business lodging through the understanding design, hospitality and attention to important details. * To reflect our community‘s high quality of life through relaxed and informal environments designed for rest and recharge. * To host others as we ourselves wish to be hosted and strengthen our future though repeat and referral...
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...Unit 7002 - Strategic performance management Introduction This unit is about being able to set, agree and monitor performance targets that will contribute to the achievement of organisational objectives. It is also about being able to improve performance, motivate the team and secure their commitment and recognise the impact of organisational politics and personal interests. Scenario Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario:- You are a senior manager in a business unit of a medium sized enterprise, with functional management and organisational leadership responsibilities. You have responsibility for all aspects of the performance management of your team and its contribution towards the achievement of business goals. Please select and research an organisation of your choice to identify its approach to performance management. Provide brief details of your research in a summary of between 200 and 250 words, this should not be counted in the suggested word count. Use the results of your research to answer the tasks below. Task 1: Describe a performance management process for ensuring that responsibility for delivering strategic objectives is shared throughout the organisation. Use a practical example to illustrate how team performance links to organisational objectives...
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