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- Please Answer True or False 1 Product managers are often responsible for driving innovation within their organizations. 2 Product innovation is a team sport, involving specific people throughout an organization. 3 There might be aneed to tap into the potential for inspiration your sales, support, marketing, HR, even legal teams might experience. 4 A company can reap benefits by innovating its external processes, how the company gets market feedback, or even the way it arranges the office. 5 One great way to tap the collective creativity across your company is to show them the things your team is trying with your competitors' products. 6 The product management teams often overlook the wealth of perspectives and experiences they have right in their own organizations. 7 The Sales department sees your market a little differently from your marketing team, which has a different perspective from your support teams, and everyone sees things differently from engineering and design. 8 Sometimes…1.2. not, why? Give an example of how an AIS can improve decision making, and describe the multi- step activities involved in the process.1.How can you say that an organization implied “Well plan is haft done”? 2.Establishment of Planning Premises. How it works in organization? 3.Establishment of objectives. What is the purpose of in the principles of management?
- answer correctlySWOT, Strengths, Weaknesses, Opportunities, Threats. 1. Produce a new business idea. 2. Conduct a SWOT analysis for the new business idea developed 3. Identify a minimum of 5 items for each component in the SWOT analysis.Is there any relationship between the four functions of management? Explain your answer.
- Speculate on Square’s future. What current and future trends may further shape the company?What is planning and how important is it to an organization'ssuccess? What is the difference between a plan and a goal?In Accommodation and Food and Beverage Mnagement 1. Analysis of Current Management Strategies Choose a hospitality business (e.g., hotel, restaurant) and conduct an in-depth analysis of its current management strategies. Evaluate the effectiveness of their current management efforts inachieving business objectives. Identify any strengths, weaknesses, opportunities, or threats in theircurrent management approach.2. Development of Management Plan Based on your analysis, develop a comprehensive management plan forthe chosen hospitality business. Clearly outline the goals, target audience, positioning, and managementtactics to be employed. Include a detailed timeline and budget for implementing themanagement plan. Justify your choices by explaining how they align with the businessobjectives and address the identified strengths, weaknesses,opportunities, or threats.3. Creativity and Innovation in Management Approach Demonstrate creativity and innovation in your proposed…
- NoneWhich among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.Q1. Explain the importance of Management in organizational success. a. Explain the contribution of the Art aspect of Management in organizational success. b.Explain the Science aspect of Management in organizational success. c.Explain the Interpersonal Roles of Management. d.Explain the Information Roles of Management.
