Joan and Joel are civil servants working in the same office. Joan argues that they do not need strategic management knowledge since they are junior staff while Joel says they do not need strategic management since their office is not for profit making. As a strategist, help them understand the importance of strategic management to all.
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As a strategist, help them understand the importance of strategic management to all.
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- For this project, participants must develop a thorough understanding of their most recent or existing organization or the subset such as sales, marketing, manufacturing, etc., in which they have worked. Participants are required to prepare a comprehensive report intended for the top management that will justify the implementation of the reforms to the human capital strategy. The report must contain four parts. 1. In the first part, assess the existing internal and external situation and associate the organizational/divisional success to human capital capabilities. 2. In the second part, develop a detailed set of capabilities, skills, and knowledge that managers, leaders, and employees would need to drive organizational or divisional success. 3. In the third part, formulate strategies for moving toward the future state described above. The strategy must be noticeable, specific, and based on the situation assessment above. 4. Finally, present a timeline and a list of planned…According to a survey by Bain & Company, since 1993 the management tool most commonly used among global executives is Multiple Choice value chain analysis. industry and competitor analysis. strategic planning. environmental analysis.Effective management is crucial for the success of any organization. It involves the coordination of resources, both human and material, to achieve specific goals and objectives. Managers are responsible for planning, organizing, leading, and controlling activities within their respective areas of responsibility. They must possess strong leadership skills, effective communication abilities, and the capacity to make sound decisions under pressure. Moreover, successful managers must adapt to changing environments and emerging trends, continuously improving their strategies to remain competitive in the market. Overall, effective management is the cornerstone of organizational success Question How do managers ensure effective communication within their teams, especially in a rapidly changing business environment?
- how to respond to this in 100 words? A stability strategy is a corporate strategy that focuses on maintaining the current business operations and staying consistent with existing products, markets, and business processes (Parnell, 2017). This strategy aims to avoid major changes and risks, and instead, focuses on optimizing efficiency and profitability within the current business model (Wang et al., 2020). There are many reasons why an organization may choose to adopt a stability strategy, as this strategy is usually adopted when a company operates in a stable industry with limited growth opportunities and has achieved a dominant market position (Parnell, 2017). Oftentimes, stability strategies are employed during times of uncertainty or economic downturn, making core business and resource conservation a priority (Wang et al., 2020). Although stability strategies appear to be less dynamic and aggressive in comparison to growth or innovation-focused strategies, stability strategies can,…answer the following questions in essay format with no less than 1100 words. Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc.…Jackie and Sandra began a long-term-care consulting firm 5 years ago in a retirement region.They now have six employees: two RHIAs and four RHITs. They now have consulting contractswith 35 long-term-care facilities and have developed a reputation for excellence.During a meeting with employees, Jackie and Sandra commended them for the efforteach had contributed to the success of the firm. In planning for the future, Jackie andSandra then asked the employees to share with them ideas on expanding the businessby revising the vision. One option they had discussed and now shared was that ofexpanding their geographic region into another state. This would mean activelymarketing to long-term-care facilities beyond their present region and hiring additionalstaff.Bryan said he had been listening to employee conversations at a nearby hospital andlearned that there was a need for additional home health care personnel and resources inthe region. Hospital utilization management staff expressed…
- Career development is a lifelong enterprise that we should focus on during all months of the year. Employers and employees can work together to establish a plan that identifies goals and skills that not only support business objectives but also meet the individual needs of employees to help them have a fulfilling career. Give some suitable suggestions through which you create successful management career.James Park has been hired as the new CEO by the board of directors of GoSportsInc., a large national sporting goods retailer, which has been battling economic andinternal issues over the previous years. Despite Park’s experience at the helm oflarge companies in need of profound strategic and structural change, in his newposition at GoSports he has been “butting heads” with a powerful collective ofexecutives unhappy with the hire and threatened by the new CEO’s accolades. Tocomplicate matters, rumour has it that the decision to hire Park was far fromunanimous, with various factions vying for control in the company, waiting for achance to fill the power vacuum a quick departure by Park would leave behind. Aftertwo weeks with the company, Park is called before the board of directors to report onthe progress made and how he plans to return GoSports to its former glory.Required:A. If you were in James Park’s position, highlight the key issues you would highlightin your report to the Board…General management is an essential function that is required in all enterprises. It involves planning, organizing, leading, and controlling all aspects of an organization to achieve its goals efficiently and effectively. This function encompasses various sub-functions such as decision-making, problemsolving, communication, and coordination of activities. The success of an enterprise depends largely on the effectiveness of its general management function.Evaluate the effectiveness of the general management function in an enterprise you are familiar with, using appropriate criteria and standards. Justify your evaluation by identifying and analysing the strengths and weaknesses of the function.
- Effective management is crucial for the success of any organization, as it involves coordinating resources, people, and tasks to achieve specific goals. A skilled manager must possess a combination of leadership, communication, and decision-making skills to guide their team towards success. They must be able to delegate responsibilities, provide clear direction, and motivate their team members to perform at their best. Additionally, effective management Involves strategic planning, problem-solving, and the ability to adapt to changing circumstances. Ultimately, strong management is essential for maintaining productivity, fostering innovation, and driving overall organizational growth. Question: How do you think the role of technology has influenced modern management practices?Lucky’s Marketing Firm has over 45 employees and has offices in 3 states. Jose, a 49-year-old Hispanic person, has worked at Lucky’s for 8 years. A new operations manager is hired. His strategic approach to management leads him to believe that clients are better served by younger staff because they are likely to be more familiar with more recently developed technology. Lucky’s advises Jose that they are reorganizing their operations and that his position will not be included in the new company. Later, Jose finds out that all of the clients he served during his time with the company have been assigned to a newly hired recent IT graduate, Lorenzo, a 22-year-old person of Italian heritage. Jose also finds out that no changes have been made to his prior job responsibilities. Jose wants to file a discrimination lawsuit. 1. Do the facts provided meet the requirements for establishing a prima facie case for any form of discrimination? What kind of discrimination? 2. How does a…Jackie and Sandra began a long-term-care consulting firm 5 years ago in a retirement region. They now have six employees: two RHIAs and four RHITs. They now have consulting contracts with 35 long-term-care facilities and have developed a reputation for excellence.During a meeting with employees, Jackie and Sandra commended them for the effort each had contributed to the success of the firm. In planning for the future, Jackie and Sandra then asked the employees to share with them ideas on expanding the business by revising the vision. One option they had discussed and now shared was that of expanding their geographic region into another state. This would mean actively marketing to long-term-care facilities beyond their present region and hiring additional staff. Bryan said he had been listening to employee conversations at a nearby hospital and learned that there was a need for additional home health care personnel and resources in the region. Hospital utilization management staff…