I. How Do Businesses Compete? （Q1‚Q2) 1. Business strategies are primarily concerned with allocating resources across functional activities and product-markets to give the unit a sustainable advantage over its competitors. 2. The unit’s core competencies and resources‚ together with the customer and competitive characteristics of its industry‚ determine the viability of any particular competitive strategy. 3. Most SBUs pursue a single competitive strategy—one that best fits their market environments
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Q‚ Explain how someone can be a manager but not a leader‚ a leader but not a manager‚ and both a manager and a leader? Answer: The discussion between management and leadership has been considerable for a number of years. Differentiation between leadership and management is important. There is difference between manager and leader but both are important. Manger has to manage which means to accomplish and to bring about‚ to conduct and to feel the responsibility. On the other hand‚ Leader leads
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Role of the Manager MGT/521 - Management October 13‚ 2014 The Role of the Manager Managers are involved in many discrete business functions. The functional areas of business are defined as Management‚ Law‚ Human Resource Management‚ Leadership‚ Accounting‚ Finance‚ Economics‚ Research and Statistics‚ Operations Management‚ Marketing‚ and Strategic Planning (University of Phoenix‚ n.d.). Good managers are doers‚ thinkers‚ and leaders. According to Hutt & Speh‚ “Good managers‚ in the end
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CASE SUMMARY PROBLEM STATEMENT PROBLEMS IDENTIFIED 1. Autocratic Leadership Mr. Lok is a very domineering individual. He has this dictatorial style to manage the estate. He likes to control over all decisions and little inputs from his subordinates. He makes decision based on his own ideas and judgement and rarely accepts others. Besides‚ with his 26 years working experiences and his agricultural and technical expertise‚ he feels that he has the capability to accomplish every related task
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Semester 1 2009/2010 Tutorial Lecture 1 : Introduction to Engineering Management 09/09/09 1. Explain how’s Bloom’s Taxonomy can be used justify the perception that engineers are paid more than technicians. 2. What manager types and roles are best suited to middle managers? 3. Explain how engineers can be effective in the general management of a technically oriented organization. 4. What is the importance of forecasting in supply chain design‚ planning and operation? Lecture 2:
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Manager: A form of work that involves coordinating an organization’s human‚ financial‚ physical and information resources toward accomplishing organizational objectives. Attainment of organizational goals in an effective and efficient manner through planning‚ organizing‚ leading and controlling organizational resources. NOTE THESE CHARACTERISTICS: Goal-driven Activity is effective and efficient Uses the four managerial functions What is Management? A set of activities planning and
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What are the Institution Building Skills of the Top Executives in organisational set up? Explain with examples from various Institution Building Personalities quoting their role relating to various skills which contributed in Institution Building. Briefly describe the organisational history you are referring to. Most of the institution building activities require attending to some very important functions. The chief executive has to maintain his position of a leader of the organisational management
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succeed and abbey with its long term goals. OMS‚ will address all of these concerns and in a step by step mode how to go about making it possible. Below a chart on a sample of Operations Strategy Process 1 Problem 2.1 As an operations manager‚ you are concerned about being able to
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ASIAN CASE RESEARCH JOURNAL‚ VOL. 9‚ ISSUE 2‚ 283–297 (2005) ACRJ Autobiography of a Manager This case was prepared by Doctoral scholar C. Vijayalakshmi‚ Prof. Satish K. Kalra and Prof. Rajen K. Gupta as a basis for classroom discussion rather than to illustrate effective or ineffective handling of an administration or business situation. Please address all correspondence to: Dr Vijayalakshmi C.‚ Doctoral scholar (OB)‚ Management Development Institute‚ Mehrauli Road‚ Sukhrali‚ Gurgaon – 122001
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Should the manager let the teammates leave? Mr. C (the manager) joined the ‘H’ company on Jun‚ 2009. ‘H’ company is a big group company in the chemical fiber industry in China. ‘H’ Company is a private family company and it has 5 factories located in different province in China. Altogether ‘H’ company has more than 5‚000 employees. ‘H’ company uses the raw material cotton linter to produce cotton pulp and then sell the cotton pulp in China. Nearly 80% of the raw material cotton linter was purchased
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