_______ is/are a revolutionary way of using electronic money over the Internet. Traditional currency is used to buy electronic money which is then used to shop on-line.…
7) A clear advantage of the product form of departmentalization is that task responsibilities are clear.…
McDonald's has successfully created a brand/name for itself as the leading fast food retailer in the world. It is somewhat of impossibility for one to not come across a McDonald's with over 30,000 local restaurants in over 100 countries (McDonald's, 2011). Those restaurants are owned either by a franchise owner or a corporation; a percentage of all the earnings from a franchise owner, including a percentage from their annual revenue go to McDonald's.…
2) In the article “Eight Dimensions of Quality”, conformance to customer requirements is a generic definition of quality. To control quality the management of a process must:…
This paperwork MGT 435 Week 5 Assignment under the topic "Organizational Change. The Need for Change-Kotter…
This document MGT 498 Week 5 Discussion Questions 1 Strategic Management shows solution of this question: "What role do you see for your organization (or one you worked for in the past) and its use of technology? How can technology both help and hurt your organization? What changes may need to be made to the way the organization uses technology?"…
Format: 55 multiple choice questions and 2 essay questions. Please be able to define the following concepts as well as apply to various situations and scenarios. Also, there were several course concepts we spent more time discussing and engaged in exercises. Please make sure you really understand and can discuss and apply those concepts. Chapter 1 Strategy definition: A company’s strategy consists of the competitive moves and business approaches that managers are employing to compete successfully, improve performance, and grow the business. Strategy is about competing differently from rivals-doing what competitors don’t or, even better, doing what they can’t do. Every strategy needs a distinctive element that attracts customers and produces a competitive edge. Determining winning strategy- the three main questions: Fit Test: How well does the strategy fit the company’s situation? A winning strategy has to be well matched to the industry and competitive conditions, a company’s best market opportunities, and other pertinent aspects of the business environment in which the company operates. Competitive Advantage Test: Can the strategy help the company achieve a sustainable competitive advantage? Strategies that fail to achieve a durable competitive advantage over rivals are unlikely to produce superior performance for more than a brief period of time. Performance Test: Is the strategy producing good company performance? The mark of a winning strategy is strong company performance. Two kinds of performance indicators tell the most about the caliber of a company’s strategy: (1) profitability and financial strength and (2) competitive strength and market standing. Business Model: Sets forth the economic logic for making money in a business, given the company’s strategy. It describes two critical elements: (1) the customer value proposition and (2) the profit formula. The customer value proposition lays out how a company will satisfy the…
Know the common perceptual errors listed on Table 4-1 (p. 88), such as contract effects and halo error.…
MGT 521 Final Exam 1) John writes a memo to his employees. Putting his thoughts onto paper is an example of 2) Chantel received an invitation to a web meeting that will take place at 300 p.m. She accepted the invitation. This is an example of 3) You are doing research on political issues and find that you are on a conservative leaning site. What type of source credibility issue is this 4) When reviewing an educational math website, you find the authors background is in English. What type of source credibility issue is this 5) A famous ice cream manufacturer sent workers to a nearby grocery store to offer shoppers a sample of its new flavor. The workers provided samples to 300 shoppers and noted that 80 of the sample population stated they liked the flavor. Based on this scenario, which of the following is an example of an inference 6) Persuading or convincing others to accept your argument means the reasoning must be logical. Which of the following is an example of logical flaws or fallacies 7) What is the best way for the CEO to deal with managers in key positions who continue to resist a major change 8) Finding a win-win solution that allows parties who are involved to have their goals achieved is an example of 9) What is emphasized more in ethical leadership theories than in transformational leadership 10) Ethical behavior and integrity for a leader is most likely to result in 11) A common characteristic of most entrepreneurs is that they 12) In order to make an intelligent investment decision, entrepreneurs should 13) The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firms 14) When a firm makes use of the SWOT analysis, one of its objectives is to 15) The process of rating an organizations practices, processes, and products against the best of the world is known as 16) Companies benefit today by inter-firm cooperation. One of the ways they…
Cited: T. Regan 2011 Joint Ventures: Inside America 's Almost Legal Marijuana Industry p. 17, 21…
Topic: Evaluate credibility and validity of sources of information. Question: You are doing research on political issues and find that you are on a conservative leaning site. What type of source credibility issue is this? Answer Rationale: Credentials, when evaluating source credibility, consists of an author’s educational and professional qualifications. Currency, when evaluating source credibility, consists of an author’s up-to-date and current experience in a particular field of study. Style, when evaluating source credibility, consists of an author’s diversity in applying concepts or other items of a particular field based on his or her diverse education, culture, values, and so on.…
Leadership has never been clearly defined due to all the tools and methodologies for effective leadership. Using leadership as a practice allows each person to sculpt their “leadership” personality. Attributes like transformational leadership, empathy, with a combination of communication skill which allows inspiration to meet a common mission. Speaking within a charity organization everyone is a volunteer which means they have many choices to participate or not particiapate which does not lead to consequences of any kind. Most things are based on many different beliefs and situations people are in. The Women of Wisdom charity group exemplifies different leadership theories, the power of influence, the effectiveness of leadership, and how they support the vision and mission allow for many leadership challenges throughout this organization, and as for me there are a few changes I would make but, would they be for the better?…
Six sigma is evolved in periods of - i.evolution, ii. design, iii. Refinement, iv. Results, v. Awareness, vi. Adaption, vii. Enlightenment. Select the correct sequence…
{text:bookmark-start} Describe the quality efforts that have been applied to your organizational unit (including any ISO or QS certification programs) and assess the effectiveness of these efforts using Deming 's 14 points. To accomplish this, you should carefully analyze your organizational unit in regard to each of Deming 's 14 points, examining each point individually and noting what your organizational unit is doing in response to each of these points. Based on your analysis, develop a plan to address any shortcomings in the quality effort. Include the plan in your paper. This paper is due at the end of Week Three of the course. Content, style, and grammar are all important to the grade. Well-written papers with excellent content and grammar will receive A grades. Deficiencies in either content or style/grammar will reduce the grade No length is specified. The correct length is whatever length it takes to do an excellent job with the content of the paper. (Generally speaking, good papers tend to fall in the 6- to 14-page range on this assignment. Please organize your paper around Deming 's fourteen points. Deming 's 14 points by Phil Cohen W Edwards Deming was an American statistician who was credited with the rise of Japan as a manufacturing nation, and with the invention of Total Quality Management (TQM). Deming went to Japan just after the War to help set up a census of the Japanese population. While he was there, he taught 'statistical process control ' to Japanese engineers - a set of techniques which allowed them to manufacture high-quality goods without expensive machinery. In 1960 he was awarded a medal by the Japanese Emperor for his services to that country 's industry.…
Many businesses trade at local, national and international levels. To win customers' confidence, firms need to meet the highest quality standards. Distant and local or national customers want a guarantee of reliable, high quality goods and services. Discuss the range of products and services that assist in assuring high quality. Standards that all capture best practice. What should be expected of a particular product, material, service, process or technology in a particular industry?…