Five P’s of Strategy Alicia Wiley AH543 Healthcare Strategic Mgmt January 25‚ 2015 Henry Mintzberg has proposed the concept of strategy by defining 5 Ps (Mintzberg‚ 1987). Each of the 5 Ps is a different approach to strategy. They are plan‚ ploy‚ pattern‚ position and perspective. Plan Strategy is a plan or future course of action that is consciously intended to deal with the situation and acts as a guideline (Mintzberg‚ 1987). This means that any act done purposefully and carefully
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Social responsibility Carroll proposes that the managers of business organizations have four responsibilities: economic‚ legal‚ ethical‚ and discretionary. 1. Economic responsibilities of a business organization’s management are to produce goods and services of value to society so that the firm may repay its creditors and shareholders. 2. Legal responsibilities are defined by governments in laws that management is expected to obey. For example‚ U.S. business firms are required to hire
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Understanding leadership Learner name: Learner registration number: Note: The ‘lines/box’ below a question is for guidance purposes only. Marks are not deducted for writing more. It is perfectly acceptable for all answers to be continued on additional forms provided they are attached to the assignment when making a submission. The availability of the form electronically allows learners to expand the ‘lines/box’ as required. | UNDERSTAND LEADERSHIP STYLES 1.1 Describe the factors that
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Chapter-1 (Nature of Ethics) Ethical Dilemmas The quandary people find themselves in when they have to decide if they should act in a way that might help another person or group‚ and is the “right” thing to do‚ even though doing so might not be in their own self-interest. A dilemma may also arise when a person has to decide between two different courses of action‚ knowing that whichever course he or she chooses will result in harm to one person or group even though it may benefit another. The ethical
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Understanding People Abstract This paper explores how another individual can understand people in three different categories of; human behavior‚ influencing people‚ and the diversity challenge. Before you can understand people‚ you have to understand some of the influences that affect their behavior‚ persuade their behavior‚ and/or have generalized knowledge of human behavior. Part of understanding people and can come from understanding diversity‚ and how to deal with diversity. In‚ addition
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Question 1- (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’ Answer 1- a.) The vision statement has to have four parts namely *Core values *Core purposes *BHAG *VIVID Description Core values are the organization’s essential and enduring tenets—a small set of timeless guiding principles that
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A new manager is starting in the organisation shortly. You have been asked to provide a written briefing note for this new-starter so that they can gain some understanding of the organisation in preparation for their start. Manager’s Briefing Note A list of what the organisation produces or the services that it offers to its customers: Nova Training provides high quality Education‚ Training & Apprenticeships opportunities. Our Apprenticeships and Study Programme is delivered from one of
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Factors Affect Communication Process FACTORS THAT INFLUENCE THE COMMUNICATION PROCESS Perception Perception is a process by which the meanings of messages are interpreted. The way messages are perceived is related to a combination of a person’s social and cultural influences‚ gender‚ educational background and knowledge‚ and past experiences (Schuster 2010). This complex mix of influences means that no two people are likely to perceive the same message in exactly the same way. Some of the strongest
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Creating a Process-Driven Organization at AgCredit 1. Propose an organizational structure for the IT department that you feel would support the transformation of AgCredit into a process-centric organization. AgCredit should appoint a CEO who is responsible for carrying out the strategic plan and will ultimately responsible for managing company operations coupled with a Vice President would oversee operations‚ carry out the strategic plan set forth by the CEO‚ and manage the four separate
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Comeback of the SNS Bank An analysis of the organization and a strategy for the organization Paper Public Relations & Reputation Management 13-05-2013 Abstract The Dutch government nationalized SNS Reaal‚ a bank and insurance company‚ on February 1st this year due to the incapability to solve its financial and organizational issues. The nationalization generated a great deal of media attention‚ mainly in a negative sense. This operation caused SNS Reaal to
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