← Chrome File Edit View History Bookmarks Profiles Tab Window Help Thu 16 May 15:01 Analysing Leadership and Stra ☑ BUSA7468A_Syndicate 8 Ass ✓ M Mica Hardware | Promotions ☑ b Home | bartleby Al Text Summarizer - QuillBot →> C mica.co.za/promotions/ K Finish update: YouTube Maps M Gmail News Google Docs b Bartleby ☑ Combine PDF - O... → Paraphrasing Tool... > FPI E-learning Port... M Spam 0709512t... Canvas-WITS » | All Bookmarks DO IT WITH MICA. ABOUT US Mica is one of the largest hardware groups in Africa with over 160 stores nationwide and growing. Mica is member owned and managed by a small team of retailers who are passionate about the success of members in everything they do, providing a full support system in training, marketing, finance, merchandise and store development. The Mica format is based on voluntary trading which allows for ease of buying and the stimulation of entrepreneurial flair and decision making at store level. With the backing of over 400 National Supply Partners that allow for the best value to shelf for the member in everyday quality hardware products that make the members more profitable and able to deliver the best to their customers at a relative market price. Click here to enquire about owning a Mica Hardware store. LINKS Contact Us About Us Customer Services Brands Products Promotions Store Locator Loyalty Card How to Privacy Policy ← Chrome File Edit View History Bookmarks Profiles Tab Window Help Analysing Leadership and Stra ☑ BUSA7468A_Syndicate 8 Ass ✓ M Mica Hardware | Business Mo × b Home | bartleby →> C Al Text Summarizer - QuillBot Thu 16 May 15:03 mica.co.za/about-us/business-model/ K Finish update: YouTube Maps M Gmail News Google Docs b Bartleby ☑Combine PDF - O... ➡ Paraphrasing Tool... → FPI E-learning Port... - M Spam 0709512t... Canvas-WITS » | All Bookmarks DRAATTITU Business Model BUILDING TIPS CRAFTY DIY PROJECTS WE KNOW WHAT WE'RE DOING How Mica Works Mica has a completely transparent operating structure and flat management design to ensure that all members are continuously aware of changes and developments within the company and to affect swift decision making. The company is structured as follows: DECORATIVE DIY PROJECTS DIY PROJECTS DIY TIPS ECO FRIENDLY TIPS FUNCTIONAL DIY PROJECTS GARDEN DIY PROJECTS Mica Holdings • All the Mica Trademarks and intellectual property is housed in Mica Holdings which has four (4) directors. These positions are reviewed annually by means of a democratic voting process to ensure efficient and effective control of the business. Mica Investments • • Mica Investments is the operational company which is managed according to all the Rules and Regulations of Corporate Governance and is represented by the National Executive Committee (NEC) made up of four (4) Mica Holdings Directors, four (4) elected members from the Mica store base. Monthly NEC Meetings take place to review the Financial Performance of the Business together with the alignment and implementation of the agreed strategic initiatives. Members' Marketing Fees Based on the completion of a detailed Marketing Assessment for each and every individual members, the member contributes to his specific marketing requirements plus 40%. This 40% goes towards branding and other high level Mica Brand initiatives. These costs and relative income are transparent and are reviewed on an ongoing basis and in the instance that possible savings may be achieved these savings are passed directly onto the member automatically. All member and supplier marketing income / rebates goes into direct expenditure on the Mica Brand therefore, Mica Members pay no royalties and there are no other hidden costs. GARDEN TIPS HOME MAINTENANCE TIPS HOW TO KITCHEN DIY PROJECTS MAINTENANCE DIY PROJECTS NEWS OUTDOOR DIY PROJECTS PAINT TIPS PROJECTS REPAIR AND REPLACE SAFETY TIPS STORAGE DIY PROJECTS STORE OPENINGS UNCATEGORIZED UPCYCLE DIY PROJECTS WATER SAVING TIPS

← Chrome File Edit View History Bookmarks Profiles Tab Window Help Thu 16 May 15:01 Analysing Leadership and Stra ☑ BUSA7468A_Syndicate 8 Ass ✓ M Mica Hardware | Promotions ☑ b Home | bartleby Al Text Summarizer - QuillBot →> C mica.co.za/promotions/ K Finish update: YouTube Maps M Gmail News Google Docs b Bartleby ☑ Combine PDF - O... → Paraphrasing Tool... > FPI E-learning Port... M Spam 0709512t... Canvas-WITS » | All Bookmarks DO IT WITH MICA. ABOUT US Mica is one of the largest hardware groups in Africa with over 160 stores nationwide and growing. Mica is member owned and managed by a small team of retailers who are passionate about the success of members in everything they do, providing a full support system in training, marketing, finance, merchandise and store development. The Mica format is based on voluntary trading which allows for ease of buying and the stimulation of entrepreneurial flair and decision making at store level. With the backing of over 400 National Supply Partners that allow for the best value to shelf for the member in everyday quality hardware products that make the members more profitable and able to deliver the best to their customers at a relative market price. Click here to enquire about owning a Mica Hardware store. LINKS Contact Us About Us Customer Services Brands Products Promotions Store Locator Loyalty Card How to Privacy Policy ← Chrome File Edit View History Bookmarks Profiles Tab Window Help Analysing Leadership and Stra ☑ BUSA7468A_Syndicate 8 Ass ✓ M Mica Hardware | Business Mo × b Home | bartleby →> C Al Text Summarizer - QuillBot Thu 16 May 15:03 mica.co.za/about-us/business-model/ K Finish update: YouTube Maps M Gmail News Google Docs b Bartleby ☑Combine PDF - O... ➡ Paraphrasing Tool... → FPI E-learning Port... - M Spam 0709512t... Canvas-WITS » | All Bookmarks DRAATTITU Business Model BUILDING TIPS CRAFTY DIY PROJECTS WE KNOW WHAT WE'RE DOING How Mica Works Mica has a completely transparent operating structure and flat management design to ensure that all members are continuously aware of changes and developments within the company and to affect swift decision making. The company is structured as follows: DECORATIVE DIY PROJECTS DIY PROJECTS DIY TIPS ECO FRIENDLY TIPS FUNCTIONAL DIY PROJECTS GARDEN DIY PROJECTS Mica Holdings • All the Mica Trademarks and intellectual property is housed in Mica Holdings which has four (4) directors. These positions are reviewed annually by means of a democratic voting process to ensure efficient and effective control of the business. Mica Investments • • Mica Investments is the operational company which is managed according to all the Rules and Regulations of Corporate Governance and is represented by the National Executive Committee (NEC) made up of four (4) Mica Holdings Directors, four (4) elected members from the Mica store base. Monthly NEC Meetings take place to review the Financial Performance of the Business together with the alignment and implementation of the agreed strategic initiatives. Members' Marketing Fees Based on the completion of a detailed Marketing Assessment for each and every individual members, the member contributes to his specific marketing requirements plus 40%. This 40% goes towards branding and other high level Mica Brand initiatives. These costs and relative income are transparent and are reviewed on an ongoing basis and in the instance that possible savings may be achieved these savings are passed directly onto the member automatically. All member and supplier marketing income / rebates goes into direct expenditure on the Mica Brand therefore, Mica Members pay no royalties and there are no other hidden costs. GARDEN TIPS HOME MAINTENANCE TIPS HOW TO KITCHEN DIY PROJECTS MAINTENANCE DIY PROJECTS NEWS OUTDOOR DIY PROJECTS PAINT TIPS PROJECTS REPAIR AND REPLACE SAFETY TIPS STORAGE DIY PROJECTS STORE OPENINGS UNCATEGORIZED UPCYCLE DIY PROJECTS WATER SAVING TIPS

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The Competitive Edge

Due to Mica’s low cost operating model, the supplier rebate requirement for the administration of the Mica Support Centre is minimal which allows the suppliers to trade competitively with each and every Mica member.

Suppliers

All Mica’s Preferred Suppliers are specifically graded to ensure maximum support for the supplier whilst ensuring the member remains competitive and is able to offer their customers the correct assortment of products. The members’ throughput is analysed every month where opportunities are identified in order to continually improve supplier performance or loyalty which in turn has increased supplier loyalty to Mica. Mica partners with their suppliers at a strategic level to ensure the supplier also sees benefit from the Mica Relationship in terms of increased support.

Advertising and Product Forums

The marketing and product forums are facilitated by Mica Support Centre but are fully represented by members not only regionally but with sound product and marketing experience. This wealth of experience ensures effective supplier participation, product category detail and effective marketing initiatives.

Shareholding

All members are encouraged to be shareholders. This ownership fosters collaboration and knowledge sharing and increases commitment where currently 90% of the new base are current Shareholders which allows for transparent and effective management of the company.

Leadership: Analyse the leadership skills in the organisation (or the unit, division, subsidiary, etc that you have decided to investigate for this exercise) as fundamental to planning and executing successful turnarounds you will develop for this organisation. Examine, among others, the status of personal and organizational resilience, the current quality of the management of critical thinking (logos), emotions (pathos), and relationships (ethos), and the innovation challenges being faced by the organisation which would become central in the turnaround specifically toward professionalising a leadership team for organisation in distress or in a crisis. Identify and Evaluate evidence of (1) top management support, (2) work discretion/autonomy, (3) rewards/reinforcement, (4) time availability, and (5) organisational boundaries evident in organisation. Use the table below to answer

Level 1: Individual leader qualities

Level 2: Organisation qualities

Proactiveness:

Innovativeness:

Competitiveness and aggressiveness:

Autonomy:

Risk propensity:

Logos:

Pathos:

Ethos:

Organisational resilience:

Innovation challenges:

Top management support: t

Rewards/reinforcement:

Organisational boundaries: Evaluate Organizational Support Structures

Transcribed Image Text:← Chrome File Edit View History Bookmarks Profiles Tab Window Help Analysing Leadership and Stra ☑ BUSA7468A_Syndicate 8 Ass ✓ M Mica Hardware | Business Mo × b Home | bartleby →> C Al Text Summarizer - QuillBot Thu 16 May 15:03 mica.co.za/about-us/business-model/ K Finish update: YouTube Maps M Gmail News Google Docs b Bartleby ☑Combine PDF - O... ➡ Paraphrasing Tool... → FPI E-learning Port... - M Spam 0709512t... Canvas-WITS » | All Bookmarks DRAATTITU Business Model BUILDING TIPS CRAFTY DIY PROJECTS WE KNOW WHAT WE'RE DOING How Mica Works Mica has a completely transparent operating structure and flat management design to ensure that all members are continuously aware of changes and developments within the company and to affect swift decision making. The company is structured as follows: DECORATIVE DIY PROJECTS DIY PROJECTS DIY TIPS ECO FRIENDLY TIPS FUNCTIONAL DIY PROJECTS GARDEN DIY PROJECTS Mica Holdings • All the Mica Trademarks and intellectual property is housed in Mica Holdings which has four (4) directors. These positions are reviewed annually by means of a democratic voting process to ensure efficient and effective control of the business. Mica Investments • • Mica Investments is the operational company which is managed according to all the Rules and Regulations of Corporate Governance and is represented by the National Executive Committee (NEC) made up of four (4) Mica Holdings Directors, four (4) elected members from the Mica store base. Monthly NEC Meetings take place to review the Financial Performance of the Business together with the alignment and implementation of the agreed strategic initiatives. Members' Marketing Fees Based on the completion of a detailed Marketing Assessment for each and every individual members, the member contributes to his specific marketing requirements plus 40%. This 40% goes towards branding and other high level Mica Brand initiatives. These costs and relative income are transparent and are reviewed on an ongoing basis and in the instance that possible savings may be achieved these savings are passed directly onto the member automatically. All member and supplier marketing income / rebates goes into direct expenditure on the Mica Brand therefore, Mica Members pay no royalties and there are no other hidden costs. GARDEN TIPS HOME MAINTENANCE TIPS HOW TO KITCHEN DIY PROJECTS MAINTENANCE DIY PROJECTS NEWS OUTDOOR DIY PROJECTS PAINT TIPS PROJECTS REPAIR AND REPLACE SAFETY TIPS STORAGE DIY PROJECTS STORE OPENINGS UNCATEGORIZED UPCYCLE DIY PROJECTS WATER SAVING TIPS

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