Mgmt 485

IT Managers now have many responsibilities (data centers, staff management, telecommunications, servers, applications, workstations, websites, mobile access and devices, user support, regulatory compliance, vendor management, disaster recovery, etc.) and work with all the departments (accounting, human resources, marketing, sales, distribution, facilities, legal, etc.) within a company or organization.

1.) Unemployment rate for U.S. Citizens will decrease with immigrants gone if you would like to add anything to my answer you can

As you collect the information for Assignment 1 and Assignment 2, remember that in Assignment 3 you must prepare a presentation for your Chief Executive Officer.

I will choose to open up an upscale casual restaurant. This is because they serve moderately-priced food that will be pocket friendly to both middle and high income earning individuals hence a larger client base. The casual-dining restaurant will offer a full table-serving menu that comprises of most traditional food such as sandwiches and hamburgers. A bar will also be part of the restaurant to offer alcohol to those who need it alongside the served food.

My name is Dr. Nicole Runyon and I am very much looking forward to working with all of you. I live in Northern Michigan (in the Northern Lower Peninsula). I have a passion – facilitating and teaching online! It's a great opportunity for me to share my experiences while at the same time learning

1. What lessons do you learn from Justin’s experience in terms of the limits of some of the core strategy frameworks you learned in theory (examine for example, Michael Porter’s Five Forces and the challenges Justice faced in applying it, value chain analysis, the Resource Based View)

This is an electronics company that has been in play since 1976. The name for the company was changed two times from Apple Computer, Inc. in 1976 to Apple, Inc. in 2009. This company knew that they were not the only ones in the industry, therefore they needed bright minds to work for them. The founders of this company were Steve Jobs, Steve Wozniak and Ronald Wayne. As sellers of consumer electronics they innovated the way to look at technology. They created computers, laptops, cellular phones, I-pads and I-pods. What made this company unique is that their teamwork had in a sense a well knowledge of paradoxical thinking. What do I mean by saying this? As the technologies advance their way of doing things must change as well. This is when paradoxical thinking comes in to action. As competitors they must use different ways of manufacturing their products, they must know what the competency is up to so they can come up with something different and unique. As the author K. R. Ravi states, “write that companies that survive are those, among other things ,that do not oppress themselves with the ‘tyranny of the OR’—the rational view that cannot easily accept paradox, that cannot live with two seemingly contradictory forces at the same time” (p.3). This is when they start thinking out of their box and not only go and with what competitors are creating, but instead use their minds to create a new device that has

Selecting a business strategy that details valuable resources and distinctive competencies, strategizing all resources and capabilities and ensuring they are all employed and exploited, and building and regenerating valuable resources and distinctive competencies is key. The analysis of resources, capabilities and core competencies describes the external environment which is subject to change quickly. Based off this information a firm has to be prepared and know its internal resources and capabilities and offer a more secure strategy. Furthermore, resources and capabilities are the primary source of profitability. Resources entail intangible, tangible, and human resources.

Baye, M.R., Prince, J.T. (2014). Managerial Economics and Business Strategy. New York, NY: McGraw-Hill Irwin

Strategy formulation has been acknowledged as one of the most crucial factors of ensuring the long-term growth of the business. However, the manner in which strategy is formulated, and most importantly, the nature of the strategy chosen for the company determines its future position in the marketplace (Grant, 2005).

In order for a business or corporation to grow and expand at a calculated pace, they must be able to strategize the proper business plan to get there. A strategy is a set of analytic techniques for understanding and influencing the firm 's position in the marketplace (Raimundo, 2001). Having a business

All business needs to take action which helps them keep good position on the market. Before taken any action analysis has to be made. Answers and data which were obtained during analysis can help chose strategies, which help achieve objectives.

An organisation’s strategy plays an important role of providing direction of where company wants to be and how best to allocate the company’s resources to meet its objectives. The formulation of business strategies has evolved over the years and has been made more difficult in recent by the uncertain operating environments and global financial crises.

Executives and planners must be aware of the levels and trends in performance of their

Hill, Charles W. L. and Gareth R. Jones. Strategic Management: An Integrated Approach. Mason, OH: South-Western Cengage Learning.