CHAPTER 3: THE MACRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The macro environmental analysis is the first step in creating the Environmental Analysis. The macro environment examines the general business climate as it relates to the organization‚ but has nothing to do with the organization itself. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The acronym for the macro analysis is “STEEP.” The five areas of interest are Socio-cultural
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Chapter 7 FORECASTING QUESTIONS & ANSWERS Q7.1 Accurate company sales and profit forecasting requires careful consideration of firm-specific and broader influences. Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting. Q7.1 ANSWER The better a company can assess future demand‚ the better it can plan its resources. Every corporation is exposed to three types of factors influencing demand: company‚ competitive and
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opportunities‚ most recruits stayed for 2 to 3 years‚ no management development‚ those remain and reach top of HQ –mostly Swiss male (old school boys club) CURRENT CHALLENGES – greater diversity in mgmt ranks – more professionals‚ foreigners and women. NEW STRATEGIC PLAN (2007 -2010) – challenges to HRM. 3 mgmt priorities – 1. Multidisciplinary; 2. Greater accountability & 3. Increased efficiency thru’ results based management. Role of HQ? – Centralised or Decentralised? Policies & Procedures needed
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their performance (performance mgmt)‚ and creating a positive work environment (employee relations) ◦ HRM enhances company performance by contributing to employee and customer satisfaction‚ innovation‚ productivity and development of a good reputation II. What Roles and Responsibilities do HR Departments Perform? Employment and Interviewing‚ recruiting‚ testing‚ temporary workforce coordination recruiting Training and development Orientation‚ performance mgmt skills training‚ productivity
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past are quite different to today’s. The history of life on Earth began about 3.8 billion years ago‚ initially with single-celled prokaryotic cells‚ such as bacteria. Multicellular life evolved over a billion years later and it’s only in the last 570 million years that the kind of life forms we are familiar with began to evolve‚ starting with arthropods‚ followed by fish 530 million years ago (Ma)‚ land plants 475Ma and forests 385Ma. Mammals didn’t evolve until 200Ma and our own species‚ Homo sapiens
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Strategic Management Journal Strat. Mgmt. J.‚ 20: 445–465 (1999) TOP MANAGEMENT TEAM DIVERSITY‚ GROUP PROCESS‚ AND STRATEGIC CONSENSUS DON KNIGHT1*‚ CRAIG L. PEARCE2‚ KEN G. SMITH1‚ JUDY D. OLIAN1‚ HENRY P. SIMS1‚ KEN A. SMITH3 AND PATRICK FLOOD4 1 The Robert H. Smith School of Business‚ University of Maryland at College Park‚ College Park‚ Maryland‚ U.S.A. 2 Belk College of Business‚ University of North Carolina—Charlotte‚ Charlotte‚ North Carolina‚ U.S.A. 3 School of Management‚ Syracuse
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Essay 2b Bureaucratic Control The Bureaucratic control is a system that characterizes the specialization of the functions of the government or organisation to set up the rules and hierarchy to control the employee behaviour. William McWilliams (MGMT‚ P. 324). Define Bureaucratic Control as “The use of hierarchical authority to influence employee behaviour by rewarding or punishing employees for compliance or non-compliance with organizational policies‚ rules and procedures”. In this example we
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MGMT 2383 Case Study Analysis Group# 6 Date: June 3th‚ 2013 What are the main issues in the case? From the case of Fran Hayden Joins Dairy Engineering ‚ it imply that every employee in the company like Fran should understand how to perform a basic job as a office clerk in the company . In the case‚ she getting trained from the really basic level to higher level. She was assigned to join the management information system for training which cause lack of motivation. She has been
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would experience if it makes the commitment vs. The tot cost if it doesn’t: marginal‚ forward looking‚ maybe uncertain **Given the 6 conditions- profit maximization becomes essentially revenue maximization – firms should focus on max revenue **Rev Mgmt matters: firms implement it to report 3 to 7 % revenue increase w/ relatively little additional capacity investment: -Profit impact of revenue increase (all in percentage) : ∆ in profit = -If net profit is 2% & gross margin is 100%‚ a 1% increase
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years. They have been complicated and full of many changes. He joined TKC to help the company develop a new Automation Design Department. In the first two years‚ he designed‚ developed and helped to create the department and make sure the new Longterm Mgmt LONG TERM CAPITAL MANAGEMENT L.P. – A CASE STUDY Rarely if ever has a single firm had as tremendous an impact on international economics as Long Term Capital Management L. ... products were competitive and profitable. This last year has been filled
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