Strategic leadership is the ability to inspire managers and other employees to create the best product possible. O True O False
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- 1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?Based on the theories and concepts of the principles of management introduced to you, elaborate your thoughts on how the NESTLE Company adopted or practiced such principles of Management that lead Company's achieving their targets/goals.Reaction to discussion below. Do you agree or disagree? Any additional thoughts? It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company. There are other key factors that have to be in place in order to put the company on a path for success. These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions. One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…
- Discuss this statement: Collins and Hansen (2011) argue that good results in successful businesses are produced through a combination of paranoia, discipline and creative. Collins, M. and Hansen, J. (2011) Great by Choice. New York: Harper Business.Is strategic management the sole prerogative or responsibility of the top managers of an organization? Yes or No? Explain your answer.1st List and explain the four basic functions of management 2nd Describe the three main types of management skills identified by Robert Katz. Which skills are most important to each level of management, and why? 3rd what is the universality of management ? and why is it important
- A vision is not the responsibility of the CIO. It is the responsibility of the CEO or the top management of the team. Do you agree or disagree? Why or why not? Make sure to support your position1.Explain why good ethics is good business in strategic management. 2.Explain why whistle-blowing, bribery, and workplace romance are strategic issues. 3.Discuss why social responsibility and policy are key issues in strategic planning. 4.Discuss the nature of environmental sustainability and why it is a key issue in strategic planning. 5.Explain why animal welfare is a strategic issue for firms.Considering that some who study business may not become chief executive officers or work in upper management, why should strategic management matter to all members and layers of an organization?
- Participation by as many managers as possible is important in developing the mission because through involvement people become committed to an organization. True or false?"I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me I would agree that you may he excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally" "I agree with your idea, Eleanor, said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions But would you mind helping me be sure of this by explaining just what 'acting rationally is?" Questions: a) 1. Explain how the Vice President for…"I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally." "I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what 'acting rationally' is?" Questions: 1. Explain how the Vice…