Week Two Study Guide: Planning Readings and Key Terms • “How the External Environment Affects Managers” subsection in the “The External Environment: Constraints and Challenges” section in Ch. 2 of Management. o Environmental uncertainty o Stakeholders • Ch. 8 of Management o Goals o Plans o Stated goals o Real goals o Strategic plans o Operational plans o Management by objectives o Environmental scanning • Ch. 9 of Management
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can bring about in DOME. Public relations is defined as the development and management of ethical strategies using communication to build relationships with stakeholders or publics. (ed.Johnston and Sheehan, 2014, p. 6) In simple terms, it develops and maintains mutually beneficial relationships between an organization and its stakeholders. According to James Grunig’s excellence theory, public relations can serve as a management function to the overall effectiveness of an organization with it’s
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org’s success * Ex: Steve Jobs and Apple praise, or CEO of company making bad decisions External control view – focus is on external factors that may +vely or –vely affect a firm’s resources * Ex: IMAX did well as action movies came out, or companies -vely affected by recessions * Neither is completely right; leaders can make a diff, but must be aware of opportunities/threats in the external environment and understand their firm’s resources/capabilities What is Strategic Management
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word b) English word c) French word d) Latin word 3. The definition “Corporate Governance is the system by which business directed and controlled” is given by a) SEBI committee b) OECD committee c) Cadbury committee d) All of the above 4. Internal control is implemented by the________. a) Board of directors b) Audit committee c) Management d) All of the above 5. OECD stands for_______________ 6. Which of the following have the power to hire fire and compensate the top management? a)
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forces within the industry determine its current profitability? Are these forces changing? What will be their impact on the future profitability of the industry? Again, remember that a short text may only make reference to some of the forces in the external industry environment. • Does the text make any reference to different customer market segments in the industry, and can you make an assessment of what drives customer demand in them? • Given your remote and industry environment analyses, and your
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The PESTEL analysis needs to help in determining the external environment prevalent in the geographical area. This reveals about the political scenario prevalent and the policies, regulations and motive that it has to promote the particular type of business and organization. The economic factors determine whether
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cash position, the top managers of HGC worked with a consulting firm to develop a strategic plan of action. The founder, Sally Peters, is considered to be one of the up and rising entrepreneurs. Her management skills have been able to get all the stakeholders to commit to having an organization dedicated to being innovative and growing inside and out. As well, there is a consensus between the managers on the path that the company should be on in the short and long term. (Larson, & Gray, 2011).
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Nature and Scope of Marketing Ethics INTRODUCTION Marketing ethics is viewed as important because of marketing’s interface with many diverse stakeholders. Marketing is a key functional area in the business organization that provides a visible interface with not only customers, but other stakeholders such as the media, investors, regulatory agencies, channel members, trade associations, as well as others. It is important when addressing marketing ethics to recognize that
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need for strategic change in the Club and also describes the factor which one driving for change. Furthermore, explains the resources implications which one not responding to the change. In addition, Moreover discuss about stakeholder strategy, the system to involve stakeholders in the planning of change and then evaluation. Finally, develop appropriate model for this change programme and plan the implementation of a model for change and look at the measures to monitor the progress of this change
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Assessment of Microbial quality of different vegetables in various markets Comparison of internal and external surface contamination of vegetables The mean microbial counts of both external and internal parts of the vegetable samples showed overall high contamination for total coliform (TC), faecal coliform (FC) and yeast count (YC). The mean FC levels of all the crops (external and internal surface combined) exceed the International Commission on Microbiological Specifications for Food (ICSMF
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