GE _ McKinsey Matrix QuickMBA / Strategy / GE-McKinsey Matrix GE / McKinsey Matrix In consulting engagements with General Electric in the 1970’s‚ McKinsey & Company developed a nine-cell portfolio matrix as a tool for screening GE’s large portfolio of strategic business units (SBU). This business screen became known as the GE/McKinsey Matrix and is shown below: GE / McKinsey Matrix Business Unit Strength High High Medium Low Medium Low The GE / McKinsey matrix is similar to the
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Inspiring a shared vision When it comes to inspiring a shared vision‚ I have an easier time with envisioning the future than I do with enlisting others. I think and imagine with the utmost optimism‚ assuming all people can and will reach their maximum potential. I envision a utopia of independently motivated people who learn for the sake of learning and achieve for intrinsic satisfaction. This is typical pacesetting leadership. My strength in this area is due to my enthusiasm and excitement
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Fall 2013 MBA Semester 1 MB0038 – Management Process and Organisational Behaviour Q1. (a) A vision statement is a formal statement of what a business wants to be. According to Collins and Porras‚ a vision statement should have four parts. What are those four parts? (b) Differentiate between ‘process’ and ‘tasks’ a) The vision statement has to have four parts namely: • • • • Core values‚ Core purposes‚ The Big Hairy Audacious Goal or BHAG (pronounced as ‘Beehag’) vivid description
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The product-process matrix‚ developed by Hayes and Wheelwright in 1979 was designed to show the trade-offs in operations and marketing by linking product plans and process choices. The model is based on traditional trade-offs evident in a single manufacturing facility environment. The product-process matrix has been empirically tested‚ but improvements in operations flexibility by applying advanced technologies have caused many to question the model’s continued validity. In recent years‚ the environment
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Dot-matrix printers A Tandy 1000 HX with a Tandy DMP-133 dot-matrix printer Main article: Dot matrix printer In the general sense many printers rely on a matrix of pixels‚ or dots‚ that together form the larger image. However‚ the term dot matrix printer is specifically used for impact printers that use a matrix of small pins to create precise dots. The advantage of dot-matrix over other impact printers is that they can produce graphical images in addition to text; however the text is generally
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A Vision is a clear and succinct description of realistic‚ credible‚ attractive future what the organization or community should look like after it successfully implements its strategies and achieves its full potential. It is an expression by the people about what they want the organization to be – a preferred future‚ a word or picture of an organization you choose to create. Here’s an example - Amazon - Our vision is to be earth’s most customer centric company; to build a place where people can
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My Noble leadership Vision Nowadays a lot of people seeking to understand their leadership vision‚ Noble leadership vision. And I guess such question rises both in young’s minds and minds of very experienced ones who already went through a lot of events‚ successful and not really‚ who still looking for right direction to follow. To be honest I never thought how difficult it would be to define my own leadership vision‚ but it’s very important for the future success to have clear understanding who
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The Boston Matrix The Boston Matrix is a tool used by marketing managers to make decisions on which products within their portfolio that they should market and under what category on the Boston Matrix they fall into. There are four sections to the Boston Matrix‚ problem child‚ stars‚ dogs and cash cows. Each category is different to one another as they represent different products on how they are selling. The Boston Matrix can be useful to a business like Cadburys as they have a wide range of
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Concept of Mission Statement & Vision Statement Every company should have a Mission and or a Vision Statement. But they are very difficult to write - they should short‚ clear‚ vivid‚ inspiring and concise without using jargon‚ complicated words or concepts. A Mission Statement is generally included in documents such as Business Plans and Staff Handbooks and can be described as a cross between a company or corporate slogan and an executive summary. A highly successful Mission Statement is
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Grand Strategy Matrix: Grand Strategy Matrix has become a popular tool for formatting alternative strategies besides SWOT Matrix‚ SPACE Matrix‚ BCG Matrix and IE Matrix. Grand Strategy Matrix has four quadrants. All the organization can be positioned in one of the quadrant in Grand Strategy Matrix. Evaluative dimensions: 1. Competitive position and 2. Market growth. DPS has been positioned in the quadrant 1. A firm in quadrant 1 of Grand Strategy Matrix has strategies which put the
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