STRATEGY FORMULATION: Objectives: After you have studied this chapter‚ you should be able to: 1. Know the porter’s generic strategy 2. Describe the 5 powers of P’S 3. Explain the Essentials of Balance Score card 4. Discuss the Strategic Evaluation and Control Strategy Formulation - Stage of strategic management that involves planning and decision making that lead to the establishment of the organization’s goals and of a specific strategic plan. The Five Power P’S There are five power
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Structure of Jollibee 3 Figure 1 Hierarchal Structure of McDo 3 Explain the differences between two different organization structures/charts.M2 4 1.2 Explain how the relationship between an organization’s structure and culture can impact on the performance of the business. 5 Figure 3 Span of Control 5 Impact of Culture and Structure on the performance 5 Example of an organization whose culture affected its business performance and explains why it happened. M1 6 The ENRON Company 6 1.3Discuss
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Queen Caffeine Staffing Organization I The purpose of this paper is to document how a gourmet coffee shop plan to staff and manage business for the next three years. The name of the business is Queen Caffeine (QC) and it will be open for business Monday through Friday from 6:00 am until 10:00 pm and from 7:00 am until 3:00 pm Saturday and Sunday. This paper will serve as documentation the type of employment relationship that will be established between the shop owner and employees. Ways to prevent
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Introduction Organizations always face the challenges of dynamic business environment. In 21st century‚ the environment has become more dynamic and unpredictable. The changing business environment requires strategic thinking in companies to develop good corporate strategies. Only when developing effective strategies‚ corporate can remain the competitive position. By creating strategy‚ organization can remain the competitive advantage which other companies are unable to implement. Corporate strategy is not
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FOREIGN TRADE UNIVERSITY Faculty of English For Specific Purposes -----(((((----- [pic] PORTFOLIO ENGLISH FOR SPECIFIC PURPOSES ***ESP*** Name: Nguyễn Thị Ánh – 0954010001 Class: TAN302.CN(2-1112).1_LT Teacher: Nguyễn Thu Hương A Ha Noi‚ 03/04/2012 . Table of contents: ---&&&--- Unit 1: Company Structure 3 Unit 2: Management
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and Strategies……………………………………………………………………………..……6-8 4 Conclusion 9 5 Recommendations 10 Reference List 11 Appendices 12 Executive Summary The report considered here reflects the importance of various parts of the working of an organization in a systematic way. It determines the goals‚ objectives‚ policies‚ problems and strategies of the airtstar company. This company had previously met with a lot problems and business crisis due to lack of organizational skills and strategies. Earlier
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The larger an organization grows‚ the more need there is for formal structure‚ defined work assignments‚ and clear lines of authority Poor organizational structure : Confusion within roles‚ a lack of co-ordination among functions‚ failure to share ideas. E.g SONY The different divisions often had no idea about products being developed by other divisions. The Walkman was as the iPod is today. Inter-conflicts between the different divisions kept Sony from seeing the iPod potential. Types of organizational
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how hard a person tries. This is the element most of us focus on when we talk about motivation. However‚ high intensity is unlikely to lead to favourable job-performance outcomes unless the effort is channelled in a direction that benefits the organization. Therefore‚ we have to consider the quality of effort as well as its intensity. Effort that is directed toward‚ and consistent with‚ the organization’s goals is the kind of effort that we should be seeking. Finally‚ motivation has a persistence
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CONFLICT MANAGEMENT Conflict management refers on the way how we approach the other party in a conflict situation. There are main structural approaches such as emphasizing superordinate goals‚ reducing differentiation‚ improving communication and understanding‚ reducing task independence‚ increasing resources‚ and clarifying rules and procedures. Emphasizing Supeordinate Goals The first way to resolve the conflict is to seek and find the common goals. The emphasizing superordinate
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the SWOT and stakeholder analysis. Then‚ key stakeholder implications of REX’s strategies will be reviewed and a Corporate Balanced Scorecard that aligns with the business level strategy will be prepared. Execute Summary This passage starts with the analysis of the strength‚ weakness‚ opportunity and threat of REX‚ followed by its strategy including the key capability‚ the shareholders’ interest and what strategy it uses to compete with its rivals‚ and lastly the balance scorecard of how REX
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