...Strategic Management and Business Policy, 14e (Wheelen) Chapter 4 Environmental Scanning and Industry Analysis 1) Environmental scanning is the monitoring, evaluating, and disseminating of information from the external environment to key people within the corporation. Answer: TRUE Difficulty: Easy Chapter Objective: Recognize aspects of an organization’s environment that can influence its long-term decisions 2) A corporation uses environmental scanning to avoid strategic surprise. Answer: TRUE Difficulty: Moderate Chapter Objective: Recognize aspects of an organization’s environment that can influence its long-term decisions AACSB: Analytical Thinking 3) Political-legal forces regulate the values, mores, and customs of society. Answer: FALSE Difficulty: Easy Chapter Objective: Recognize aspects of an organization’s environment that can influence its long-term decisions 4) The societal environment includes the economic, technological, political-legal, and sociocultural forces. Answer: TRUE Difficulty: Moderate Chapter Objective: Recognize aspects of an organization’s environment that can influence its long-term decisions 5) Industry analysis was popularized by Michael Porter. Answer: TRUE Difficulty: Moderate Chapter Objective: Recognize aspects of an organization’s environment that can influence its long-term decisions 6) In dynamic environments, the CEO's focus is on forces in the societal environment. Answer: FALSE Difficulty:...
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...Individual Exercise Goods Spend Analysis in Your Organization Describe components of a goods spend analysis for your organization. Please feel free to bring any relevant information about your organization to class. There are three components to the exercise that must be handed in: 1. Show the steps you would use to conduct goods spend analysis for your organization. PO Mgmt Dept Fulfillment Buyer Accounting Payable Procurement Manager Procurement Category Buyer CFO Provide Primary spend data Accountably sign Spend analysis Approve Spend Analysis Draft Spend Analysis Verify Primary data Steps to conduct goods spend analysis Internal Goods Users 2. Describe specific key triggers and why you chose them. In general, we conduct goods spend analysis based on company management, procurement management and some other special reasons. Company management purposes: * Cost analysis * Budget, Forecasting and Planning Procurement management purposes: * Periodical summary, e.g. quarterly, monthly, semi-annual, annual * Top suppliers cognation for long-term relationship development * Quarterly major suppliers review of purchasing volume, capability and performance PO amounts and price review under Master agreement or stage prices * Negotiation/bidding preparation, e.g., category volume, suppliers’ history PO amounts, delivery, etc * KPIs as cost saving, purchasing amounts, workloads, etc. Special...
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...How to Conduct Target Market Analysis ShareThis Every successful business plan includes target market analysis because you have to know who your customer is before your business can succeed. The 6 steps below guide you through the process of conducting target market analysis so you can properly assess the market your company appeals to. Step 1: Identify Your Target Market When you identify your market, you ask yourself a series of questions about your potential customers. When you think about who will buy your product, decide on their: •age •gender •annual income •what they do for a living •what they do in their leisure time •whether are not they have children Then, get more specific to your product. Find out how many of your type of product they already own or tend to own and how often they replace the product. Step 2: Divide Your Markets Your target market may include several different segments in terms of: •demographics •geographic location •attitudes and beliefs •purchasing trends If this is the case, divide your target markets along these lines in order to reach them more effectively. Step 3: Conduct Market Research You can use printed information collected by the federal government at practically no cost including the U.S. Census or the annual Statistical Abstract of The United States, published by the U.S. Department of Commerce. Given the sheer volume of information in these publications, though...
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...‘Guidelines for Best Practice in the Use of Job Analysis Techniques’ by SHL GROUP http://www.shl.com/assets/resources/Best-Practice-Job-Analysis.pdf, ‘What Happens If an Organization Doesn’t Conduct a Job Analysis?’ by Anaya Baldwin, Demand Media http://smallbusiness.chron.com/happens-organization-doesnt-conduct-job-analysis-15562.html, and ‘Job Analysis’ created by the Canadian Job Bank http://www.jobsetc.gc.ca/pieces1.jsp?category_id=2802&root_id=2801, all fully support Job Analysis in ways such as creating a definition of a needed position, aligning current employees with jobs that match their work skills, creating standards which can be quantifiable, and setting realistic goals and expectations for employees. The ‘Guidelines for Best Practice in the Use of Job Analysis Techniques’ article is very comprehensive from the beginning phases of what a job analysis is to special considerations, as well as different techniques. Like this course project, this article starts with stating that it is important to identify the knowledge, skills, and abilities needed for a person to perform a job. They state a wide range of ways in which to define the KSA’s, like observing current employees, having employees and managers fill out questionnaires, and interviewing employees of all levels to get input. Some interesting insight provided in this article is related to disability and job analysis. Taking into consideration the fact that the job analysis could be defined differently if a disabled...
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...process of job analysis helps in identifying the worth of specific job, utilizing the human talent in the best possible manner, eliminating unneeded jobs and setting realistic performance measurement standards. Where to place the employees in order to best utilize their skills and talent? How to determine the need of new employees in the organization? How to eliminate unneeded jobs? How to set realistic performance measurement standards? How to identify the jobs and prepare a plan to fill them? One of the main purposes of conducting job analysis is to prepare job description and job specification which in turn helps to hire the right quality of workforce into the organization (analysis process, 2012). An effective analysis of a particular job helps human resources maintain the right quality of employees, measure their performance on realistic standards, assess their training and development needs and increase their productivity. The first step in the job analysis process is to determine its need and desired and output (personal manager, 11/10). Second step is who will conduct the job analysis: The second most important step in the process of job analysis is to decide who will conduct it and for most companies they prefer having it performed by their own human resource department while other companies tend to hire job analysis consultants. The next step is to decide the way in which job analysis process needs to be conducted and having a planned approach of how to carry the process...
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...HRM-590-11541 Human Resource Management Literature Review Week 3 The first article I found to help me better understand job analysis and how to conduct one was by Lysaght R, Shaw L. and titled Job Analysis (What it is and how it is used).1 This article was very helpful because it showed and explained to me the key elements that are needed when conducting a good strong job analysis. This article showed me that I needed to include both essential and non-essential task descriptions. It also gave specifics on the type of equipment that would need to be used and physical demands as well as many other things to include in my analysis. I was honestly hoping this article would help me more. Though I found some of it useful, it didn’t really help me understand what exactly I need to do to gather the information needed in the job analysis. The second article I found was by Jody Wheaton. Her article is all about how conducting a proper job analysis can improve your business. In the article she describes different ways to actually conduct a job analysis. The thing I took from this article was mostly the importance of actually doing research into the job. Because of this article, I actually sought out the HR department and found out what kind of things they would actually need in an HR reception/assistant position. I wanted to know what kind of equipment they would be using and what exactly they would like that person in that role to do. Jody Wheaton states that “Knowledge, skills...
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...Strategies Based on the recent discovery, analysis and recommendation we made in regards to lead levels in whistles in the package of toys meant for distribution to our customers it has come to my attention that we need some ways of increasing the chances that the employees of our company and ultimately our company itself follow our code of conduct. It has been discussed that “Key “ethics-related actions” (ERAs) observed in organizations with strong ethical cultures include (1) management communicating ethics as a priority, (2) management setting a good example of ethical conduct,(3) coworkers considering ethics when making decisions, and (4) coworkers talking about ethics in the work they do.”1 I truly believe this to be the case. The question is how do we go about this? Once a code of conduct has been determined and needs to be implemented I would follow the following set of strategies to make it permeate the company culture. “Dissemination, training, continuous employee engagement, effectiveness monitoring and feedback solicitation”1 are the tools or strategies that I recommend. Dissemination is simply making sure that all employees are exposed to the code of conduct. The ideal way to implement this is to have classes focused on the different employee groups to be able to train the code of conduct at an appropriate level for each group, answer questions and get a sign off that the employees were indeed trained in the code of conduct. During the dissemination phase I would...
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...of natural gas, the domestic price is depressed. However, recently there has been significant progress in modifying current law to allow the sale of natural gas to foreign entities. While no far reaching legislation has been passed, it is important to be proactive and begin to conduct research to determine what might be profitable foreign markets to sell natural gas. You have been asked to identify a foreign country that would be a receptive market for our liquefied natural gas product. Identify the responsible governmental entity in that foreign country with whom we are going to have to conduct business. Include an analysis of the legal barriers in the United States and that target country before we conduct business. You will need to explain how it is liquefied natural gas can be sold to a foreign country in light of current American law. Remember, this is a memo. Your first decision is to identify the foreign nations to conduct business. Ultimately, this project will be turned over to our legal team to more thoroughly conduct analysis of this proposition. However, it is important for you to begin the process by identifying a specific foreign country to conduct the most preliminary of analysis. Article about Natural gas taking the place of oil coal is located...
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...Emerging CloudComputing Industry C207 CASE 19 healthymagination at GE C261 CASE 20 Siemens Energy: How to Engineer a Green Future? C281 CASE 5 Tesla Motors and the U.S. Auto Industry (Case A) C32 CASE 6 Tesla Motors and the U.S. Auto Industry (Case B) C50 CASE 21 Infosys Consulting in the U.S.—What to Do Now? C303 CASE 7 Rogers’ Chocolates C56 CASE 8 Numenta: The Age of Truly Intelligent Machines? C72 CASE 22 Cemex: The Southdown Offer C327 CASE 23 Cola Wars Continue: Coke and Pepsi in 2006 C344 CASE 9 GEOX: Breathing Innovation into Shoes C87 CASE 24 Cola Wars in China: The Future Is Here C368 CASE 10 InterfaceRAISE: Raising the Bar in Sustainability Consulting C107 CASE 25 Embraer: Shaking Up the Aircraft Manufacturing Market C382 CASE 11 Netflix C125 CASE 12 Best Buy after Circuit City: What’s Next? C137 CASE 26 UPS in India—A Package Deal? C395 CASE 27 Genentech: After the Acquisition by Roche C415 CASE 13 JetBlue Airways: Managing Growth C157 CASE 28 Corporate Governance in Three Economies: Germany, Japan, and the United States C441 CASE 29 United Technologies Corporation: CASE 14 Bank of America and the New Financial Landscape C175 Running a Global Ethics and Compliance Program C447 CASE 15 DeBeers’s Diamond Dilemma C194 CASE 30 Apple after Steve Jobs C455 389 C ASE A NA LY S IS How to Conduct a Case Analysis The case study is a fundamental learning tool in strategic management. We carefully wrote and...
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...This course provides students with the concepts, tools, and skill sets necessary to conduct in-depth analysis of the global economic landscape. The goal is to understand the underlying market and institutional mechanisms that drive globalization, shape the international business environment, and influence strategies of individual businesses. Topics we will cover include: What determines exchange rate fluctuations and currency crises? How do they affect the domestic economies and firms’ international competitiveness? What determines trade and investment across countries? How do culture, politics and international organizations interact with the global marketplace? Given the unique challenges and opportunities of operating across borders, how do firms make sourcing, manufacturing and distribution decisions on a global basis? We emphasize a deep appreciation for, and understanding of, the interdependence and interrelatedness in the world economy; knowledge of specific countries will not be the focus of this course. Classes will use a combination of lectures, case analysis, and analytical discussion of key topics and current events, with students expected to play an active role in the classroom. This course provides students with the concepts, tools, and skill sets necessary to conduct in-depth analysis of the global economic landscape. The goal is to understand the underlying market and institutional mechanisms that drive globalization, shape the international business environment...
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...Critical Essay Industry Definition and Competitor Analysis in Strategic Management Question: ‘A “strategic group” continues to be commonly defined as a group of firms within the same industry making similar decisions in key areas’ (Reger and Huff, 1993). Analyse the process of industry definition and competitor analysis as elements of strategic management. There have been numerous viewpoints on the subject of strategy and its role in business since the advent of the industrial revolution and the development of modern management practice. Many modern day theorists and students of the subject, me included, are of the viewpoint that Strategy in business is an ever evolving subject. Strategy can be interpreted and utilised in a number of ways and no theory or viewpoint should be disregarded as each question asked and each framework devised can be beneficial when applied to any situation which merits strategic evaluation. Industry definition is an integral part of the strategic process as a business needs to establish where it will be active, i.e. which market it will be involved in, how to access this market and then how to control the market. This could be equated to The ‘P’ in the well known PESTAL Analysis framework, where the business establishes its position in the marketplace. In Hambrick and Fredrickson’s framework ‘The Five Major Elements of Strategy’ the authors list Arenas, Vehicles, Differentiators, Staging and Economic Logic as the five most important areas...
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...Florida Keys Hospital Traditional Project Analysis This case is a traditional capital budgeting analysis that focuses on the issues of cash flow analysis, profitability and breakeven measures, inflation effects, and risk assessment and risk incorporation—issues that are common to most real asset investment decisions. You are required to develop a model to calculate the ambulatory surgery center’s net cash flows on the basis of estimated utilization, estimated charges, and other relevant data and then take this data and calculate the NPV, IRR, MIRR, and Payback. You must also perform sensitivity and scenario analyses. You should also provide an analysis of risk and the impact of inflation on project profitability. Your completed assignment will be evaluated on the basis of addressing all of the following (in no particular order): 1. The hospital already owns the site for the center, so should any cost be attributed to the land? Explain. 2. What overhead costs should be included in this analysis? 3. How should the cannibalization of inpatient surgeries be handled? 4. a. What is the project's payback? What is the economic interpretation of payback? What type of information do decision makers get from the payback? b. What is the project's net present value (NPV)? Explain the economic rationale behind this profitability measure. c. What is the project's internal rate of return (IRR)? Explain the economic rationale behind IRR. Do the NPV and IRR always lead to the...
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... | | |RES/351 Version 1 | | |Business Research | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course evaluates the process of conducting business research for improving decision making within an organization. Students will learn to apply an understanding of commonly employed business research techniques to improve a situation, solve a problem, or change a process. Other topics include problem framing, data collection, data analysis, and data presentation. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Cooper, D., & Schindler, P. (2011). Business research methods...
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...Humen resourse ASSESSMENT COVER SHEET |Student’s name |(Surname) |(Given names) | |ID number | |Phone | | |Unit name | |Unit code | | t Note: If this is a group assignment, please include the names of all other group members. |Title of assignment | | |Lecturer/tutor | | |Is this an authorised group assignment? Yes No | |Has any part of this assignment been previously submitted as part of another unit/course? Yes No | |Tutorial/laboratory day & time | | |Due date |Date submitted ...
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...ment/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 8 PORTFOLIO PROJECT ASSIGNMENT ECN 400 Week 8 Portfolio Project Assignment Portfolio Assignment (350) For the Portfolio Project, students will conduct an analysis of a recent article and provide their evaluation and outcome expectations in a written paper of 1500-2500 words that discusses: • A minimum of three general economic principles related to the article • Identification of three to five macroeconomic indices • Definition and explanation of the indices e.g., GDP, CPI, and other economic calculations • Definition and explanation of the indices • Discussion about what the specific indices mean in relationship to the overall article and how they impact each other • Appropriate evaluation, decisions and forecasts that could be made from the information. ECN 400 WEEK 8 PORTFOLIO PROJECT ASSIGNMENT To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-8-portfolio-project-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 8 PORTFOLIO PROJECT ASSIGNMENT ECN 400 Week 8 Portfolio Project Assignment Portfolio Assignment (350) For the Portfolio Project, students will conduct an analysis of a recent article and provide their evaluation and outcome expectations in a written paper of 1500-2500 words that discusses: • A minimum of three general economic principles related to the article • Identification of three...
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