their time and resources on issues that bear directly on customers satisfaction and other revenue and profit generating activities. 3. Integrating business with technology (IS are part of almost every aspect of business) Is helps simplify organizational activities and processes such as moving goods, stocking shelves, or communicating with suppliers. 4.Rapid change in technology (IS enable business opportunities and new strategies) The proliferation of new technologies creates a business environment
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leadership when he directs, guides and influence behaviours of his members of staff. Leadership is also defined as the capacity to influence a group towards the realization of a goal. Leaders are required to develop future visions, and to motivate the organizational members to want to achieve the visions. According to Davis (2014), “Leadership is the ability to persuade others to seek defined objectives enthusiastically. It is the human factor which binds a group together and motivates it towards goals.”
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individual with a more comprehensive and well ronded understanding to organisations, an increased capacity to understand how to better embrace structure and its implications and the holistic simplification and explaination of cultural effects. It also brings to light the conflicting nature of these theories and its inherant biasness. The first advantage of using a multi-perspective approach to understanding an organisation would be that it provides us with a more comprehensive and well-rounded
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questions. Answers are provided at the end of this document. Section 1: Multiple Choice Questions 1. Which of the following is one of the four conditions that must be met if a firm’s resources are to be used to achieve a sustainable competitive advantage? a. inexpensive b. easily imitated c. easily duplicated d. nonsubstitutable 2. Which of the following is (are) a major approach to corporate-level strategy? a. portfolio strategy b. adoptable strategies
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Customer Demand-Manufacturing-Distribution, making them the best vertical integrated company with super responsive network. It just outsources simple activities, which doesn’t affect their corporate strategy or supply chain and gives a strategic advantage. Zara owns its upstream suppliers and downstream buyers, which has a significant impact on SBU’s (Sequential Business Units). It supports vertical integration, which aligns with their supply chain strategy. It just outsources products, which are
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Because no national economy produces all the goods and services that its people need. 2. Describe the concepts of absolute and comparative advantage. A nation has an absolute advantage if (1) it’s the only source of a particular product or (2) it can make more of a product using the same amount of or fewer resources than other countries. Because of climate and soil conditions, for example, comparative advantage , which exists when a country can produce a product at a lower opportunity cost compared to another nation
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Enterprise Resource Planning (ERP) System Implementation and Impact December, 2014 An Introduction to ERP An Enterprise Resource Planning (ERP) system, as defined by the ISACA, “is an integrated software application that covers literally all functions of an enterprise, including sales and marketing, distribution and logistics, procurement, manufacturing, finance, and accounts, personnel and management reporting” (Sayana, 2004). It is currently the highest level of computer management and
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Virtual teams have become much more common in organizations and when utilized properly can be extremely effective. Virtual teams are “teams whose members operate across space, time, and organizational boundaries and are linked through information technologies to achieve organizational tasks.” (Steven L.McShane, p. 208) Using a virtual team within a company is quite different than using a traditional team. There are two ways in which virtual teams differ from traditional teams. Virtual
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NAME: ALABI FEMI ADEOYE MATRIC NUMBER: PG/SMS/014/14495 COURSE CODE: BUS 838 COURSE TITLE: MANAGEMENT THEORY. TOPIC: LEADERSHIP DATE: AUGUST, 2015 An Assignment Submitted To Prof. J.O. Adetayo OUTLINE: A. Introduction B. The Concept of Leadership C. Conclusion D. References INTRODUCTION There is nothing elusive about leadership. Although great leaders may be rare as great runners great partners or great actors, everyone has leadership potential
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Page 5 * Remaining Market Leader while doing business overseas * (i) Position and Structure as a Transnational corporation Page 5 * (ii) Focus on the Brand and Strategic Targets Page 6 Theme 2 Page 7 McDonalds External Dependencies and Influences on Structure * (i) Relationship with suppliers Page7&8
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