...FACULTY OF BUSINESS MANAGEMENT MGT 790 STRATEGIC MANAGEMENT Course Outline 2011 Course Prescription Strategic Management is the process and practice of managerial decision making and implementation that seeks to create and maintain competitive advantage. In essence it determines the long term performance of a business and as such is the role of the senior executive members to refine but the responsibility of all to roll out. Included in the process is comprehensive environmental scanning, strategy formulation (strategic planning), strategy implementation, and monitoring. Students in this course will review how the strategic decision makers within an organisation first identify, define and analyse commercial problems and then develop practical and ethical solutions. It provides a practical guide for, and an initial experience in, strategy formulation and strategic management. Class time will be largely spent in lecture, discussion, case studies and experiential exercises. Students will learn from the theoretical literature, instructor, case studies, videos, research presentations, and from each other. The course materials explain and describe the different aspects, challenges, and stages of strategic management simply and clearly. Goals of the Course To examine and understand the nature and role of strategy, strategic management and strategic leadership within an organization. Learning Outcomes 1. To develop skills in strategic analysis, development...
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...BMGT 321 Chapter 1 Homework Click Link Below To Buy: http://hwaid.com/shop/bmgt-321-chapter-1-homework/ Solutions to In-Class Homework Discussion Exercises and Problems 1-18 (15 min.) Value chain and classification of costs, fast-food restaurant. Burger King, a hamburger fast food restaurant, incurs the following costs: a. Cost of oil for the deep fryer b. Wages of the counter help who give customers the food they order c. Cost of the costume for the King on the Burger King television commercials d. Cost of children’s toys given away free with kids’ meals e. Cost of the posters indicating the special “two cheeseburgers for $2.50” f. Costs of frozen onion rings and French fries g. Salaries of the food specialists who create new sandwiches for the restaurant chain h. Cost of “to-go” bags requested by customers who could not finish their meals in the restaurant Required: Classify each of the cost items (a–h) as one of the business functions of the value chain shown in Exhibit 1-2 (page 6). 1-25 (10–15 min.) Professional ethics and reporting division performance. Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibility to Dalton, but she also has staff responsibility to the company controller. Dalton is under severe pressure to achieve the budgeted division income for the year. He has asked Mendez to book $200,000 of revenues on December 31. The customers’ orders are firm...
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...managers must use to design strategies, position their businesses and assets, and define firm boundaries, to maximize long-term profits in the face of uncertainty and competition. Strategic Management (BUAD 497) is an integrative and interdisciplinary course in two important respects: 1. The course assumes a broad view of the environment that includes competitors, buyers/consumers, suppliers, technology, economics, capital markets, and government both locally and globally. It assumes that the external environment is dynamic and characterized by uncertain changes. In studying strategy, this course draws together and builds on all the ideas, concepts, and theories from your functional courses such as Accounting, Economics, Finance, Marketing, Organizational Behavior, and Statistics. However, it is much more than a mere integration of the functional specialties within a firm. 2. The course takes a general management perspective. It views the firm as a whole, and examines how policies in each functional area are integrated into an overall competitive strategy. We designed this course to develop the “general management point of view” among participants. This point of view is the best vantage point for making decisions that affect long run business performance. The key strategic business decisions of concern in this course involve determining and shaping organizational purpose to evolving opportunities, creating competitive advantages, choosing competitive strategies...
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... gross margins and end year stock sales (outside research required). 3. Is the "Dream It. Build It" program a sustainable advantage in the long term? Do you see any room for further improvement? (link to other companies to add depth; i.e. Ikea, etc.) 4. Do you think customers really need "millions of combinations" for their car? Can they be happy with available standard options? What are the downsides of mass customization? 5. How does this case study link to the topics presented in Chapter 1, Chapter 2 & Chapter 3? 6. submit your responses to the Weekly Assignment Folder: Additional resources for Case Study: • https://www.youtube.com/watch?v=8Ddq6O_QAz0 • http://www.anthonymonahan.com/BMW-Dream-It-Build-It-Drive-It Post/submit homework to the assignment folder for grading. Make sure you provide substantive graduate level answers. Review examples in resource section, grading rubric and APA guide prior to final submittal. Make sure you use adequate, credible and reliable APA source citations to support your work. BUSN620 Week 2 Assignment 1. Read weekly announcement 2. Participate in the weekly forum. 3. Review weekly assignments in the syllabus. 4. Please complete the following for your...
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...Week 2 Homework: In the News... According to the textbook strategic management is a business philosophy that encompasses analysis, decision-making, and actions to establish competitive advantage (Dess, et.al. 2012). Barnes and Noble continue to make headlines for the failure –to-launch of its Nook E-Reader. In the New York Times Leslie Kaufman (2013) writes that Barnes & Noble’s foray into the digital age is a catastrophic failure noting that it’s constant attempt at catch-up which is too little too late to gain any competitive advantage. Barnes and Noble is a perfect example of a nonexistent business strategy, a flying-by-the-seat-of-your-pants business practice that changes with the wind that lacks leadership. Why and how the material is important and relevant to the course content: • The mission statement at Barnes and Noble is ambiguous and does not identify what sort of business they are operating. Its website states “Our mission is to operate the best specialty retail business in America, regardless of the product we sell.” • Though they have a vision that encompasses respect, integrity and teamwork it has been reported that the leadership style of its former CEO did not tolerate those who disagreed with him, squashed creativity and actually encouraged employees to leave. • Strategic goals were too many, not measurable, not specific enough, not timely and not realistic given its competition and entry into new markets. In a letter to shareholders William Lynch...
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...Bentley University McCallum Graduate School of Business Administration GS601-100 Strategic Information Fundamentals Spring 2012 Syllabus & Schedule as of January 3, 2012 Professor: Dennis Anderson Office: Smith 402 Email: danderson@bentley.edu Office Phone: 781 891 2238 Class Times: Section 100: Monday, 7:30 - 9:50 pm Office Hours: For quick/easy questions, send me an email. For tough questions, career advice and other matters, face to face is better, and I’m happy to meet with you by appointment. Description: GS601 provides an enterprise-wide perspective on the management of information technologies (IT), software applications and the operational processes they support, and the data and knowledge that inform business processes and decisions. The course focuses on how IT professionals and non-technical managers work together to ensure that applications and data are aligned with organizational strategy and business processes. The cases and readings examine how companies in various industries use IT to serve customers well, manage operations efficiently, coordinate with business partners, and make better business decisions. A key theme -- IT as a double-edged sword -- reflects a central challenge: how to maximize the strategic benefits of investments in hardware and software, while minimizing accompanying technical and business risks. The course places equal weight on technical and managerial skills. Our primary objective is to...
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...Homework Assignment 1 Due in Week 1 and worth 30 points Describe a work task, a hobby, or another activity that you regularly do, and sequentially list the various actions you take in order to complete this activity. Consider the complexity of your list and the amount of steps required to complete the activity. Answer the following questions in the space provided below: 1. Differentiate the main actions between doing and improving your activities. 2. Determine the overall manner in which variation has affected your activities. Type your answers below and submit this file in Week 1 of the online course shell: The differentiating main actions between doing and improving my activities are in my former job as an Executive Compliance Management Analyst. The doing activities were directing organizational compliance of government regulations with special attention to quality systems that meet global regulatory expectations and enables the organization to effectively work with patients, families, and staff. Work required providing compliance management and senior staff level briefings and reports of the Enterprise Knowledge Management Systems (eKM); developing, review, and analysis of proposed organizational reports and regulations/directives for managing the organizations strategic plan. Provided Human Resource (HR) advice in change management programs, service area projects, and working groups. Liaising with operational managers and finance officers...
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...Homework -1 Everest University Professor: Dr. Stephen Tvorik Business Policy and Strategy. 18th Jan 2014 Abstract In this topic I Explain about the two different part one I explain about the pitfall because of the uncertainty and the other thing is unpredictability. If you are the new consultant in the company you have to take care of the point very carefully. I also explain about the scenario planning in the strategic planning. It is also very important in the strategic planning. I also explain about the cognitive biases and decision making process. In this manager are making a rules and regulation some time it’s not work because of that failure happen in the organization. I also explain about the different characteristic for him or her to follow and measure in organization. The power full leader having a always good mission and they always follow the motivation and different characteristic. Identify at least two potential planning pitfalls and two potential cognitive biases facing the company. Explain how each could result in poor strategy. If Company hires me as a consultant, I have to think about the long term goals for the company and then I have to find the best way to achieving those goals. In strategic planning mission, external and internal environment are the main point to over all organization planning. Some time because of the poor planning or do not plan for uncertainty strategic planning will be going to fail. This is the main point for pitfall of...
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...B2GLOBAL PROGRAMME BTEC LEVEL 5 HND DIPLOMA IN BUSINESS UNIT SYLLABUS |Assignment Due: | |. Assignment 1: Slot 10 | |. Assignment 2: Slot 38 | |The student must pass these Assignments to pass the course | |Unit Title: |Business Strategy | |Unit Code |A/601/0796 | |QCF level |5 | |Credit value |15 credits | |Pre-requisite | | |Instructor | ...
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...Jialei Wang Strategy Dr. Alan Smith March 9, 2016 Chapter 6 Homework 1) Describe SWOT analysis as a way to guide internal analysis. How does this approach reflect the basic strategic management process? It is a widely used technique where managers create a quick overview of a company’s strategic situation. The basic premise behind SWOT analysis is that an effective strategy derives from a sound “fit” between a firm’s internal strengths and weaknesses and its external situation. The idea is to leverage the company’s strengths in light of the opportunities and minimize its weaknesses and threats. SWOT analysis is an integral part of the strategic management process because strategy is derived after a sound analysis of the firm’s internal and external environment is completed 2) What are potential weaknesses of SWOT analysis? There are four main limitation of SWOT analysis. First, a SWOT analysis can overemphasize internal strengths and downplay external threats. Strategists have to be vigilant in giving due consideration to the external environment’s impact on the firm’s strengths. Second, a SWOT analysis can be static and can risk ignoring changing circumstances. Therefore, strategic managers must be aware of change when doing SWOT analysis or other planning techniques. Third, a SWOT analysis can overemphasize a single strength or element of strategy. Lastly, strength is not necessarily a source of competitive advantages. 3) Describe the difference between primary...
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...concepts of leadership, and an overview of how the science of organizational behavior contributes to effective leaders and managers. 4 ACC-502 Accounting Practices This course is designed for individuals who are preparing for more advanced coursework in accounting and for students who have not had accounting in undergraduate work. Topics covered include the principles and practices of financial accounting and the fundamentals of managerial accounting, such as cost behavior and budgeting. The course covers accounting theories using computational examples, and homework is problem solving. 4 FIN-504 Finance Principles This course is designed for individuals who are preparing for more advanced coursework in accounting and is designed for students who have not had finance in undergraduate work. Topics covered include financial analysis, financial planning, asset evaluation, capital structure, and working capital management. 4 SYM-506 Applied Business Probability and Statistics The purpose of this course is to prepare students in mathematical, probability, and statistical concepts for their upcoming studies in quantitative methods. The course is intended for those students who have not had any prior statistical education, although students who have had statistics should...
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...conduct literature review correctly applying the right referencing system. It is also essential to produce this work individually and not engage in any act of plagiarism. Students who are involved in plagiarism will score a zero. What is meant by SWOT analysis? Describe the elements of SWOT analysis. Is SWOT analysis qualitative or Quantitative? Could it be conducted both quantitatively and qualitatively? What are the limits to its effectiveness? Write a report answering the above mentioned questions and conducting a literature review on the following topic clarifying the meaning, the nature, the advantages and disadvantages of SWOT analysis. You could review and site certain organizations have applied SWOT analysis in their strategic decision approaches and examine the application of this methodology on the organization internally and externally. Apparently there is some kind of literature about the SWOT analysis, you need to review it or you can send it to me and I’ll review and abstract the guidelines and key answers. Anyway, now to answer the above question is quite easy as it’s purely theoretic and real life an example is preferable rather than essential. If it’s a repot it must has some kind of standard format (most probably...
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...reading material and concluded that it is difficult to forecast and foresee what is significant enough to understand what is applicable information to work with for the success of each of the companies. Seeing as we have each worked in an individual department within the organization, we are unable to predict and foresee when we are not aware of necessary information to understand what direction to go in. We are expecting to learn how to think outside the box and have the capacity to see the big picture. The team knows how strategic management could be advantageous to an organization, and how ethics should be a part of that too. We have seen in our companies on various occasions where people have committed wrong actions and how it could hurt the organization. Those actions can slowly or swiftly take over and destroy an organization. Such unethical behaviors can disrupt the goals of the company to perform efficiently and effectively. After finishing the homework and reading the objectives, the team was comfortable discussing both internal and external environmental scans and how it is not the same as a SWOT analysis. Environmental scanning is composed of observation, reviewing, and finally circulating the data assembled from internal and external environments based on decisions made by employees of the company. The organization uses this technique in the event of a worst-case scenario; it lets a company to take care of conflicts in instead of fighting to salvage a situation that...
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...Northwestern University Kellogg School of Management SYLLABUS and ASSIGNMENTS International Business Strategy INTL 460 SECTIONS 61 and 81 Fall 2008 Professor Daniel F. Spulber Office 606 Leverone 491-8675 E-mail: jems@kellogg.northwestern.edu International Business Strategy Course Description The course defines the objectives and strategies of international business. The course emphasizes economic analysis of international business strategy formulation. Topics covered include gains from trade, costs of trade, and the competitive strategy of the international business. The course considers alternative modes of market entry, including import and export through intermediaries, contracting with suppliers and distributors, strategic alliances and foreign direct investment (FDI). Case studies are used to illustrate the basic principles of multinational business management and strategy. The course introduces the “Strategy Star” analysis. The first week of the course is dedicated to introducing international business strategy and providing a review of the micro-economics concepts that will be employed during the course. The course then introduces the concept of the ‘Global Value Connection.” This concept is used to develop global competitive strategies that depend on doing business between countries. Weeks 2 and 3 present strategies for providing global added value. The course highlights the economic aspects of gains and costs of trade that are relevant...
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...Zoraida Bergan MGMT 479/Strategic Management Homework #3 November 25, 2015 1. Explain why the concept of competitive advantage is central to the study of strategic management. Answer: The strategic management involves developing and maintaining competitive advantages. These competitive advantages need to be created and sustained effectively to overcome the 5 competitive forces. Only by overcoming competitive forces can firms achieve above average returns. Because it’s always about ensuring your organization performs successfully. 2. Briefly describe the three generic strategies-overall cost, leadership, differentiation, and focus. Answer: Overall cost leadership generic strategy-involves developing a competitive advantage based on low cost position while appealing to an industry wide market. Differentiation generic strategy- involves developing a competitive advantage based on uniqueness perceived by the customer while appealing to industry wide market. Focus generic strategy involves concentration on a narrow market segment while creating a competitive advantage of either uniqueness perceived by the customer or low cost position. 3. Explain the relationship between the three generic strategies and the five forces that determine the average profitability within an industry. Answer: The five forces limit industry profitability. Business units that identify with multiple generic strategies will have higher performance than those that identify with...
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