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- Strategic Planning & Organisational Structures A small sized construction company in Albany has been significantly impacted by the recent Covid19 restrictions and the company is struggling to stay afloat. The company is aware that to continue doing business, there is a need to interest one of a number of NZ construction companies that might see the mutual benefit of partnering or aligning with this company to complement each other’s strengths. If you were in charge of strategic planning for this company, what actions would you take? Use a relevant theory to support your actions.The XYZ's board initiated the strategic plan in 1998 in response to the challenges that were anticipated over the next 10 years. What ensued was a collaborative effort involving the board, management, staff, outside consultants, and external stakeholders. A core team of representatives from all levels of the agency was used to oversee the process. In addition to the core team, a number of other teams were formed to assist with the effort.Conversations between team leaders and team members to achieve goal alignment is sometimes called: * O Stretch goals SMART Smart conversation O Management by Objectives75) a positive view of the Board of directors include: a) The board plays an active role in monitoring the implementation of the firms strategy b) Keeping management interests aligned with those of stockholders c) Both A and B d) Neither A nor B
- An environmental scan is a strategic management process that can be applied to a whole company, a division of the organization, a product line or service, a geographical region in which the company operates. The main purpose is to identify all strengths, which are the internal areas in which the company excel at; opportunities, which are those internal positive factors or situations the company can capitalize on considering its strengths; weaknesses represent critical internal negative factors that should be eliminated or diminished; threats are external negative factors which can block the company from achieving its goals and objectives. External factors include: · Legal and regulatory · Global · Economic · Technological · Innovation · Social · Environmental · Competitive Analysis Which of these external factors are critical in the Food and Beverages industry? Please explain.It is no longer acceptable for businesses to disregard issues around ethics and social responsibility. 1. (a) Current Status Briefly describe what Aveeno is currently doing regarding corporate social responsibility and pursuing sustainable business practices. (b) Recommendations Give recommendations ( at least 2) on how Aveeno can create a more ethical, socially responsible, and/or sustainable business. What practices do you recommend the organization pursue?Diversity management refers to organizational actions that aim to promote greater inclusion of employees from different backgrounds into an organization’s structure specific policies and programs are adopting diversity management strategies as a response to the growing diversity of the workforce around the world. Explain Which focused diversity initiatives are essential to effectively manage Diverse force. How Managing Cultural Diversity Can Provide Competitive Advantage Q2. (a) Explain the implications of organizational development for the client? (b) Explain the nature of the consultant’s expertise? Question-3 What kind of issues can arise in consultant-client relationships in OD? What should be done to manage these relations appropriately? Q4: Case Study: Food Co-op Engages Its Members In the years since it was…
- You are the manager of Canadian markets for Excite Travel, a firm that provides incentivetravel, meeting management and event planning to a range of companies from the tech startup to the Fortune 500. In your department, you have reporting to you two customer serviceagents who work with clients from the design phase to implementation. Anna, the longerserving agent, is great at providing ongoing service to Excite Travel’s established market; herrevenues are about 20% higher than those of the other agent, Maria. Maria, less experiencedthan Anna, has been very effective in bringing onside new clients for the firm and has showna skill for innovation; her revenues have been growing at a faster rate than Anna’s. In a recentcareer discussion, Maria has indicated some impatience with her lack of opportunity at ExciteTravel.Each year, Excite Travel provides an annual bonus to each of its employees. The bonusassigned to each person takes into account not only the revenue produced but also the…You are the manager of Canadian markets for Excite Travel, a firm that provides incentivetravel, meeting management and event planning to a range of companies from the tech startup to the Fortune 500. In your department, you have reporting to you two customer serviceagents who work with clients from the design phase to implementation. Anna, the longerserving agent, is great at providing ongoing service to Excite Travel’s established market; herrevenues are about 20% higher than those of the other agent, Maria. Maria, less experiencedthan Anna, has been very effective in bringing onside new clients for the firm and has showna skill for innovation; her revenues have been growing at a faster rate than Anna’s. In a recentcareer discussion, Maria has indicated some impatience with her lack of opportunity at ExciteTravel.Each year, Excite Travel provides an annual bonus to each of its employees. The bonusassigned to each person takes into account not only the revenue produced but also the…True-False Questions Select the correct answer. 1. T F When buyers, sellers, marketing intermediaries, and facilitating agencies work together, the cooperative relationship results in compromise and adjustments that meet customer needs. 2. T F Under a contractual vertical marketing system, the largest channel member is contracted to manage the production and distribution within the channel. 3. T F Producers assist wholesalers by furnishing them with information regarding the wholesalers' competition and consumer buying patterns. 4. T F As competition among discount stores has increased, some discounters have assumed the characteristics of higher-priced department stores. 5. T F The wheel of retailing hypothesis suggests that new retail operations usually begin at the top-in price, profits, and prestige. Multiple-Choice Questions Circle the letter before the most accurate answer. The use of only a single retail outlet in each geographic area for distribution purposes is called 6.…
- Please answer all 3 subparts. 2020 Question 1 (i) The size of the board depends on: i. The size of the companyii. The industry or business sector in which it operates iii. Extent to which activities of companies are subject to regulationiv. The number of board committees A. i onlyB. i and ii onlyC. i, ii and iii onlyD. All of the above (ii) Which of the following statement is correct concerning two-tier boards?A. The management board consists entirely of non-executive directors.B. The supervisory board has the responsibility for risk management and for the preparation of the annual financial statement.C. The management board is led by the Chairman who is the CEO of the company.D. The supervisory board is responsible for managing the company. (iii) Managerial hegemony is best explained in terms of A. The provision of incentives to managers to encourage them to act in unison with the shareholder's interests.B. CEO's dominance in the director selection process and therefore control the…identify a company that is currently facing issues that you believe could be effectively addressed by using one of the management science tools or techniques that you have learned about in this course. This company could be one that you are personally familiar with or one that you have identified in the current business literature.Your Part A report should cover the following: Briefly describe the company you have chosen, its business, and the environment in which it operates. Describe the company stakeholders and the company mission statement core values. Describe and document the critical issues facing the company that you believe could be addressed by implementing one of the tools or techniques you have identified in this course. Describe the technology that you have chosen for implementation and justify your selection by considering factors such as (but not limited to):Potential benefits through the support of decision making, Acquisition, development, and implementation costs,…1. Criticise the SECI model with reference to other models of knowledgemanagement 2. evaluate the use of outsourcing for the development of a mobile appfor Aerobuddies