THE STRATEGIC MANAGEMENT PROCESS Ford Motor Company‚ facing huge losses and hemorrhaging market share to Toyota and Nissan‚ knew it needed a new strategic plan. Competition was fierce‚ Ford’s costs were higher than competitors’‚ and Ford’s unused plant capacity was draining profits. Ford’s managers devised “The Way Forward.” This new strategic plan entailed closing a dozen plants and terminating 20‚000 employees. As at Ford‚ a strategic plan is the company’s plan for how it will match its internal
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decision to be made. If Encik Khalid made a decision without referring to the information gathered from the system‚ then the system is not relevant. The system also does not considered as relevant if the information is not available in time and does not help in prediction and feedback. Next is not understandable. It occurs when the content from the system is hard to understand by the user of the system. The qualities that distinguish between good and bad communication in a message are fundamental to the
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LO2‚ P4- Explain how Coca-Cola and TFD’s style of organisation helps them to fulfil their purposes. Strategic planning is when a business sets long term visions and goals - their mission statement and SMART aims and objectives- these are Specific‚ Measurable‚ Achievable‚ Realistic and Time Bound targets. It assesses where the business currently is and where they want to be‚ the plan will show how the business is going to get there ‚ when it will get there‚ who will take it in that direction and
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Scatter Diagram MGT350 October 1‚ 200 Tool and Techniques Paper: Scatter Diagram When faced with a problem‚ one can utilize various tools and techniques to try to solve the said problem. Depending on the way a person process his or her thoughts would greatly affect which tools or techniques might be the best for one to use. For example‚ if a person understands better by seeing the information‚ one might use a visual tool like a pie chart‚ bar graph or perhaps a scatter diagram; which
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A compiler takes as input a source program and produces as output an equivalent sequence of machine instructions. This process is so complex that it is divided into a series of sub-processes called phases. The different phases of the compiler are as follows: Phase 1: Lexical Analyzer or Scanner The first phase of the compiler‚ called Lexical Analyzer or Scanner reads the source program one character at a time‚ carving the source program into a sequence of atomic units called tokens. The usual
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Ishikawa diagram From Wikipedia‚ the free encyclopedia Ishikawa diagram Cause and effect diagram for defect XXX.svg One of the Seven Basic Tools of Quality First described by Kaoru Ishikawa Purpose To break down (in successive layers of detail) root causes that potentially contribute to a particular effect Ishikawa diagrams (also called fishbone diagrams‚ or herringbone diagrams ‚ cause-and-effect diagrams‚ or Fishikawa) are causal diagrams that show the causes of a certain event -- created
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Interaction Diagram:- means a situation or occurrence in which two or more objects act upon one another to produce a new effect in an understandable format. Interaction is a part of dynamic behavior of the system represented in UML by two diagrams known as Sequence diagram and Collaboration diagram. Meaning of Collaboration Diagram:- also called a communication diagram or interaction diagram‚ is an illustration of the relationships and interaction between entities or objects in the Unified Modelling
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span into eight stages‚ each of which brings a psychosocial crisis involving transitions in important social relationships. According to Erikson‚ personality is shaped by how individuals deal with these psychosocial crises. Each crisis involves a struggle between two opposing tendencies‚ such as trust versus guilt‚ both of which are experienced by the person‚ and represent personality traits that people display in varying degrees over the remainder of their lives (Weiten‚ 2008). Stage 1 - Trust Versus
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Sharing Services Fishbone Diagram Background The Cause & Effect‚ or Fishbone Diagram‚ was first used by Dr. Kaoru Ishikawa of the University of Tokyo in 1943 - hence its frequent reference as a "Ishikawa Diagram". This diagram is used to identify all of the contributing root causes likely to be causing a problem. This methodology can be used on any type of problem‚ and can be tailored by the user to fit the circumstances. Use of this tool has several benefits to process improvement teams:
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Venn Diagram Tracy Powell MATH 56 1/25/2015 Lok Man Yang Venn Diagram A Venn diagram is a visual tool to help students organize complex information in a visual way. The Venn diagram comes from a branch of mathematics called a set theory. John Venn developed them in 1891 to show the relationship between sets. The information is normally presented in linear text and students make the diagram to organize the information. It makes it easier when there is a lot of information‚ because with linear text
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