ART 655 PRESENTATION

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Karachi Institute of Economics & Technology, Karachi (City Campus) *

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217

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Management

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Nov 24, 2024

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Robinhood Case study [Student name] [Date]

Robin Hood's Challenges Rapid growth of Merrymen leads to organizational, discipline, and food issues. Expanded camp weakens security and unity. Influx of new members raises concerns about loyalty and unity. The band's fame attracts recruits but also the High Sheriff's attention. Sherwood Forest's diminishing resources necessitate alternative food sources. Rising food prices and reduced income pose financial challenges. Travellers avoiding the forest make goods confiscation difficult.

Strategic Dilemmas • Consideration of a shift from traditional "rob from the rich and give to the poor" to a fixed transit tax. • Disagreement among lieutenants adds complexity to decision- making. • External threat from the organized High Sheriff requires strategic reevaluation. • Urgency to address problems within the group and counter the Sheriff's growing power. • Need for a balanced strategy that maintains the band's original goal while adapting to new circumstances.

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Mission and Strategy Evaluation • Traditional mission of robbing the rich and giving to the poor becoming obsolete. • Rapid growth stretches Sherwood Forest's supplies and limits the band's actions. • Declining alertness and discipline issues highlight the mission's limitations. • Sheriff's increased power and organization necessitate a fresh strategic orientation. • Internal division on goals and reluctance to adapt require a comprehensive review

Mission-Purpose-Motto Objectives • Clear and achievable goals for effective execution of "rob from the rich and give to the poor" mission. • Set a Redistribution Quota for each raid to measure wealth redistribution success (Dmytriyev et al., 2021). • Develop a method for allocating resources to ensure effective assistance to the neediest. • Emphasize open communication and moral importance to maintain public suppor (Fu et al., 2020)

Situation Analysis • Merrymen's rapid growth causes organizational and discipline challenges. • Expanded camp weakens security and unity. • Fame attracts recruits but also the attention of the High Sheriff. • Sherwood Forest's limitations force a need for alternative food and income sources. • Financial challenges and disagreements within the group raise concerns about long-term survival.

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Recommendations and Considerations • Rethink strategy with new mission, goals, and creative solutions. • Address internal problems within the group promptly. • Adapt to new circumstances while maintaining the band's original purpose (Sripathi and Samant, 2020). • Counter the Sheriff's progress effectively for long-term success. • Find a balance between helping the poor and sustaining the band's operations.

References • Sripathi, M.V. and Samant, M.M., 2020. Roles of Management Information System in Business and How it helps Managers in Decision making. METHODOLOGY, 7(04). • Dmytriyev, S.D., Freeman, R.E. and Hörisch, J., 2021. The relationship between stakeholder theory and corporate social responsibility: Differences, similarities, and implications for social issues in management. Journal of Management Studies, 58(6), pp.1441-1470. • Fu, R., Tang, Y. and Chen, G., 2020. Chief sustainability officers and corporate social (Ir) responsibility. Strategic management journal, 41(4), pp.656-680.

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