STRATEGIC CHOICE AND STRATEGIC DECISION MAKING Andy Adcroft STRUCTURE • Why do things happen? • Generic Strategies • Criticisms of generic strategies WHY DO THINGS HAPPEN? Norms and what has happened before Environment Analysis Roles and wider functions Creation of options Organisational Analysis What we want to achieve Emotions‚ power desires‚ goals Age and frequency of behaviours What I want from this job Habits‚ rituals and routines Social factors Decisions are taken and implemented
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2 Operations Strategy in a Global Environment PowerPoint presentation to accompany Heizer and Render Operations Management‚ 10e Principles of Operations Management‚ 8e PowerPoint slides by Jeff Heyl © 2011 Pearson Education‚ Inc. publishing as Prentice Hall 2-1 Developing Missions and Strategies Mission statements tell an organization where it is going The Strategy tells the organization how to get there © 2011 Pearson Education‚ Inc. publishing as Prentice Hall 2-2
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Avalanche Corporation Decision Analysis and Strategic Recommendation Table of Contents Table of Contents 1 Overview 2 Question 1: Production Strategy 2 Question 2: Sensitivity Analysis 3 Question 3: Influence of Outside Vendor 5 Question 4: Alternative Risk Profiles 6 Question 5: Are Fantastic Forecasters Worth It? 7 Conclusions 7 Appendix 8 Figure A: Precision Tree (Question 1) 8 Figure B: Cost Calculation Table 9 Figure C: Profit Calculation Table 9 Figure D: Tornado
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STEINWAY’S STRATEGIC ORIENTATION Dwiyani Rahmawati Marvin Mahadharma Aldira G. Meyer Tenny Oktarina Company Overview The finest piano maker in the world 1853 – founded by the Steinway family 1995 – bought by Messina & Kirkland 1996 – become public company Piano is division of Steinway Musical Instruments Company Products Upright piano Grand Piano Market share over 80% Brand as most valuable assets 2% of all keyboard unit sales in US profit 35% Minto Pyramid Analysis UDR
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PART 4A DECISION THEORY AND INFORMATION SYSTEMS 261 QUESTIONS [Fact Pattern #1] Stewart Industries has been producing two bearings‚ components B12 and B18‚ for use in production. B12 B18 ------ ------ Machine hours required per unit 2.5 3.0 Standard cost per unit: Direct material $ 2.25 $ 3.75 Direct labor 4.00 4.50 Manufacturing overhead: Variable
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management. 2. Introduction of the topic “Staffing”. 3. Staffing process of Ivy Studios. 4. Research and methodology. 5. Bibliography. INTRODUCTION FUNCTIONS OF MANAGEMENT There are five basic functions of management: Planning: Planning is deciding in advance what to do and how to do. It means setting objectives and targets and formulating an action plan to achieve them. It is concerned with both ends and means i.e. what is to be done and how it is to be done. Organising: Organising
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Importance of Staff Relations in an Organization Introduction The employees in our property company are our most valuable asset. They keep the company running‚ help generate revenue‚ keep our customers satisfied. They are not only the intellectual property of the company‚ and also hold the keys to our future success. On behalf of our Human Resource Management‚ we believe that good staff relation is an important function in our company‚ because it is able to reduce the turnover rate and increase
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Definitions of Operations management Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization. Operations management is an area of management concerned with overseeing‚ designing‚ and controlling the process of production and redesigning business
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Strategic plan of nursing staffing. In 2008‚ united health care started a center of nursing advancement for nurses. The main goal of center of nurse advancement‚ is make and change nursing profession with best practices‚ that means growth and development of nurses‚ so nurses can increase their leadership skills and problems solve skills. It helps them to give appropriate care to the patients. United health care system is providing various career department programs for nurses and give training
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In a dynamic and uncertain environment‚ strategic decision making is important because it can provide managers with a systematic and comprehensive means for taking into account the external environment‚ focusing on an organisation’s strength‚ minimising weaknesses‚ and identifying opportunities in which an organisation can have a competitive advantage. However‚ the decision may still fail if it is not implemented properly. Implementation causes the chosen course of action to be carried out within
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