Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 1, Problem 6CRQ
How do managers perform their job according to John Kotter?
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1. Give one new distribution channels for Virtual Assistance (freelance business) that is not commonly used.
- show a chart/diagram to illustrate the flow of the distribution channels.
- explain the rationale behind it. (e.g., increased market reach, improved customer experience, cost-efficiency).
- connect the given distribution channel to the marketing mix: (How does it align with the overall marketing strategy? Consider product, price, promotion, and place.).
- define the target audience: (Age, gender, location, interests, etc.).
- lastly, identify potential participants: (Wholesalers, retailers, online platforms, etc.)
"The following three phrases are identical in Total Quality Management (TQM):
The quality at the source
Emphasising prevention rather than the detection of defects
Focusing on process rather than outputs"
Do you agree or disagree with the statement? Give reasons to support your
answer.
Examine how 'Six Sigma' differs from 'TQM'. Give examples to aid in your discussion.
Better Battery Co. is a manufacturer of batteries. Nickel is an essential component of a battery. In recent years, price of nickel has escalated, causing nickel cathodes prices to rise. To mitigate ever-rising nickel (and cathode) costs, the Cross-Functional Team (CFT) at Better Battery has developed a new battery type which requires a lower nickel content in the cathode.
The development and investment costs needed to produce this new battery is estimated at $3,500,000. Total costs of each battery is calculated at $50 based on current nickel prices. The CFT expects each battery to sell for $120 per piece, based on available market research.
You have been tasked to show the commercial feasibility of this new battery to the management. What is the breakeven point of this new battery, before it can be a profitable venture?
The senior management has reviewed the presentation of this new battery proposal. Since it is a multi-year project, you are tasked to analyse the underlying costing and…
Chapter 1 Solutions
Principles of Management
Ch. 1.1 - What do managers do to help organizations achieve...Ch. 1.2 - Describe and explain how Mintzberg defines the...Ch. 1.3 - Describe and explain the different levels of...Ch. 1.3 - Describe and explain the three types of managerial...Ch. 1 - What are the characteristics and traits that you...Ch. 1 - Why should management be considered an occupation...Ch. 1 - How do managers learn how to perform the job?Ch. 1 - Explain the managers job according to Henry...Ch. 1 - What responsibilities do managers have towards...Ch. 1 - How do managers perform their job according to...
Ch. 1 - How do managers make rational decisions?Ch. 1 - How does the nature of management change according...Ch. 1 - Discuss the role of management in the larger...Ch. 1 - Identify what you think are the critical issues...Ch. 1 - How have the current cultural environment of our...Ch. 1 - What are the potential downfalls and positive...Ch. 1 - How does Netflixs internal culture negatively or...
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