Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 17.4, Problem 1CC
What is the difference between official and operational goals?
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Background information: There are four primary phases that this process goes through:
Information phase: Define the problem
Speculation phase: Generate ideas that could work
Evaluation and analysis phase: Analyze the ideas based on cost, feasibility, and goal attainment potential
Evaluation and analysis phase: Analyze the ideas based on cost, feasibility, and goal attainment potential
Background information: Director of Innovation and Business Opportunities you have identified a potential acquisition for your Consulting Management firm. Compose a report that will be given to your CEO evaluating this candidate based on the four phases identified above.
Identify the type of business you are recommending, i.e. the industry(s) it operates in. (Types of business: Cloud Computing & IT Infrastructure)
Describe the types of information that would be required at each phase for the type of business you are pursuing.
Describe any potential red flags that there might be…
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Background information: Mergers and acquisitions are inherently risky. No matter how much due diligence you do, it is still possible to miss critical success factors that might lead to the failure of the proposed merger or acquisition.find a merger/acquisition that has produced less than satisfactory results (Sprint and Nextel). Report on the organizations involved and talk about the nature of the merger or acquisition and the resulting failure or near failure of the transaction.
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What would you have done differently?
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Talk about the critical steps that must be taken in order to effectively cascade the balanced scorecard.
Provide a real-life example of an organization that has done this effectively (H-E-B grocery store or Walmart), or alternatively, provide a real-life example of an organization that attempted to cascade a balanced scorecard but did not have a good result. Why.
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Chapter 17 Solutions
Principles of Management
Ch. 17.1 - What is the process where managers establish goals...Ch. 17.1 - How do the internal and external environments of...Ch. 17.1 - Why should managers plan?Ch. 17.2 - What are the five steps in the planning process?Ch. 17.2 - What is the difference between goal, domain, and...Ch. 17.2 - How are planning, implementation, and controlling...Ch. 17.3 - Define and describe the different types of plans...Ch. 17.4 - What is the difference between official and...Ch. 17.4 - How do multiple goals fit into a goal hierarchy?Ch. 17.5 - What ethical problems could surface with data...
Ch. 17.5 - What security risks would a company need to...Ch. 17.5 - How do todays organizations approach planning?Ch. 17.5 - Does planning pay off for todays organizations?Ch. 17.5 - Which people in the organization should be...Ch. 17.6 - How is goal theory used in the planning process?Ch. 17.6 - What are the organizational downsides to goals?Ch. 17.6 - How is goal setting tied to job satisfaction and...Ch. 17.7 - What is management by objectives?Ch. 17.8 - What other applications can you see for blockchain...Ch. 17.8 - What drawbacks or potentials risks do you see in...Ch. 17.8 - Do you think blockchain technology could be used...Ch. 17.8 - Why would governments be suspicious of...Ch. 17.8 - Describe the execution of the planning and...Ch. 17 - Define managerial planning and controlling.Ch. 17 - Discuss the relationship between the two...Ch. 17 - Identify and briefly describe each stage in the...Ch. 17 - Compare and contrast three different types of...Ch. 17 - What are multiple goals? What is a goal hierarchy?...Ch. 17 - Briefly describe the two views of the goal...Ch. 17 - Describe the MBO process, the philosophy behind...Ch. 17 - Distinguish between cybernetic and noncybernetic...Ch. 17 - Identify and discuss three positive and three...Ch. 17 - How does the desire for personal control affect...Ch. 17 - What do you think are some of the difficulties of...Ch. 17 - China effectively shuts down for two weeks each...Ch. 17 - The case focuses on U.S. markets. How are European...Ch. 17 - Have your own shopping habits changed with the...
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