Strategic Management
Chapter 1
Dimensions of Strategic DecisionsStrategic issues require top-management decisionsStrategic issues require large amounts of the firm’s resourcesStrategic issues often affect the firm’s long-term prosperityStrategic issues are future orientedStrategic issues usually have multifunctional or multibusiness consequencesStrategic issues require considering the firm’s external environment
Multimedia Lecture Support Package to Accompany Basic Marketing
Lecture Script 6-*
Three Levels of Strategy
Corporate level: board of directors, CEO & administration [Highest]
Business level: business and corporate managers [Middle]
Functional level: Product, geographic, and functional area managers [Lowest]
Characteristics of Strategic Management Decisions: Corporate
Often carry greater risk, cost, and profit potential
Greater need for flexibility
Longer time horizons
Choice of businesses, dividend policies, sources of long-term financing, and priorities for growth
Characteristics of Strategic Management Decisions: BusinessHelp bridge decisions at the corporate and functional levelsLess costly, risky, and potentially profitable than corporate-level decisionsMore costly, risky, and potentially profitable than functional-level decisionsInclude decisions on plant location, marketing segmentation, and distribution
Characteristics of Strategic Management Decisions: FunctionalImplement the overall strategy formulated at the corporate and business levelsInvolve action-oriented operational issuesRelatively short range and low riskModest costs: depend upon available resourcesRelatively concrete and quantifiable
Company Mission
Chapter 2
Four Essential Components:Basic Product or Service Primary Market--WHOWhereFinancial position
Primary Company GoalsSurvival – A firm that can’t survive can’t satisfy its stakeholders. (Often taken for granted)Profitability –the mainstay goal of a business.Growth –is tied to survival and profitability. Broadly defined in terms of market share, etc.
Company Philosophy—BULLETS
Covers CustomersEmployeesManagementStockholders
Stakeholders SuppliersCommunitySocial responsibilityTaxesEnvironmental protection
AGENCY THEORY
Agency theory --based on the belief that the separation of the ownership from management creates a situation where managers will spend the stockholders’ money in ways they would not spend their own.
Agency Costs
The cost of agency problems plus the cost of actions taken to minimize agency problems are collectively termed agency costs.
How Agency Problems Occur
Moral hazard problem--Executives have disproportionate access to company information. Adverse selection--a problem caused by the limited ability of stockholders to determine the competencies and priorities of executives they hire.
Problems Resulting from Agency
Executives pursue growth in company size rather than earnings
Executives attempt to diversify their corporate risk
Executives avoid h.
BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment.BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment
BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment.BUSINESS ENVIRONMENT,characteristics of business environment, stages of environment analysis,SWOT analysis,micro environment, macro environment
Basic Concepts of Economics: Introduction to Economics , Basic Economic Problem, Circular Flow of
Economic Activity , Adam Smith and Invisible Hand. Nature of the firm - rationale, objective of maximizing
firm value as present value of all future profits, maximizing, satisficing, optimizing, principal agent problem,
Accounting Profit and Economic Profit , Role of profit in Market System
Demand Analysis and Forecasting: Determinants of Market Demand at Firm and Industry level –
Elasticity of Demand - Market Demand Equation – Use of Multiple Regression for estimating demand –
Case study on estimating industry demand (formulating equation and solving with the aid of software
expected)
Demand and Supply: Market Equilibrium – Pricing under perfect competition, monopolistic competition,
Case study on pricing under monopolistic competition , Oligopoly - product differentiation and price
discrimination; price- output decision in multi-plant and multi-product firms.
Cost Concepts: Cost Concept, Opportunity Cost, Marginal, Incremental and Sunk Costs, Cost Volume Profit
Analysis, Breakeven Point, Case Study on marginal costs. Risk Analysis and Decision Making: Concept of
risk, Expected value computation, Risk management through Insurance, diversification, Hedging, Decision
Tree Analysis, Case Study on Decision tree Technique.
Money and Capital Markets in India: Role and Functions of Money Markets, Composition of Money
Market, Money Market Instruments , Reserve Bank of India – Functions , Regulatory Role of RBI w.r.t.
Currency, Credit and Balance of Payment, Open Market Operations. Role and Functions of Capital Markets,
Composition of Capital market, Stock Exchanges in India, Role of SEBI, understanding of stock market
quotations in financial press expected.
Public Finance Infrastructure: Familiarity with important terms/agencies/approaches/practices related to
National Income (such as GDP, PPP, Growth Rate), Foreign Trade (such as GATT, WTO) Union budget
(such as Revenue Account, Capital Account, Revenue Deficit, Fiscal Deficit, Plan and Non-plan expenditure)
is expected. Understanding of Summarize
Understanding There are many factors All these forces come under one word cal...Yashwanth Rm
Understanding the Business :
To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. There are many factors and forces which have considerable impact on any business. All these forces come under one word called environment.
Environmental scanning is a concept from business management by which businesses gather information from the environment, to better achieve a sustainable competitive advantage.
Environmental Scanning & Monitoring- Techniques
PEST, SWOT, QUEST
Strategic Purpose
Business Level Strategy
Corporate Level and International Strategy
Strategy Direction and Methods of Developments
Organizing for Strategy Success
Enabling Strategy Success
Managing Strategic Change
Understanding Strategy Development
Key Learning Points
CUSTOMER SERVICE: Working in a Business EnvironmentThe Pathway Group
An comprehensive guide to the purpose of different working environments and the benefits and disadvantages of them all.
We also look at the importance of maintaining equality and diversity in the workplace, organisational standards and standards of security.
Audits have changed their traditional focus from cost control towards a global strategy of risk management, governance, value creation, and organizational culture. Auditing is a representative element of corporate culture because it defines how companies think and act, but manage decisions are the true reflection of how a company thinks and acts. Thus, this area expands its importance thanks to its direct participation in risk management and value creation.
Project 2: Research Paper Compendium
Choose what you consider to be a monster or monstrosity –
literal
figurative (ideology, practice)
historical
cryptozoology
Examples:
mythology
invention
Vlad Tepes
Joseph Stalin
Pablo Escobar
Nazis
Biological Weapons
Assault Rifles
Adolf Hitler
the Ku Klux Klan
Dylan Roof
Griselda Blanco
Aileen Wuornos
Fred & Rosemary West
Mark Twitchell
Jeffrey Dahmer
Long Island Serial Killer
Jack the Ripper
Jim Jones/Jonestown
Bigfoot
Loch Ness Monster
the Hydra
Slender Man
Michael Myers
Ed Gein
Freddy Krueger
Slavery
Human Trafficking
the Drug Trade
Drug Addiction
Rwandan Genocide
Pol Pot’s Khmer Rouge
Aurora shooting
Sandy Hook
Lizzie Borden
Saddam Hussein
Heaven’s Gate Cult
Baba Yaga
the Holocaust
Balkan Genocide
the list goes on…
Write an 8 to 9 page research paper in which you are the expert on this monster/monstrosity. Both your paper and your expert presentation will reflect the biography/origin; timeline of actions/atrocities; cultural/societal impact; how this subject is depicted/sensationalized through various writings/the media (stories, biographies, scholarly articles, comics, graphic novels, poems, movies, interviews, folklore/fairy tails, television shows, et cetera); and why this monster/monstrosity has meaning to you. The paper must also include
7-8 annotated bibliography entries (I have attatched a document to show what it is).
Jamal Sampson's paper has to focus on the two monsters listed:
Saddam Hussein
Osama Bin Laden
.
Project 1 Interview Essay Conduct a brief interview with an Asian.docxdessiechisomjj4
Project 1: Interview Essay
Conduct a brief interview with an Asian immigrant to ask about their immigration story and push-pull factors. This can last 5-15 minutes. Then, write a 2 paragraphs on the DB.
You do
not
have to include the person’s real name! Immigration status is a sensitive topic, so please understand if someone does not want to be interviewed. Students have interviewed friends, family members, people in their community, and other students.
Project 1: Prompt
1.
Brief facts:
Around what age did they immigrate? How old are they now (in my 30s is acceptable)? What push-pull factors led them to immigrate to the U.S.? (You may have to explain what push-pull factors are.)
2. Add your own comments/perspective and perhaps even your own immigration story. What aspects of their story did you find interesting or surprising? What aspects were familiar to you?
Example:
I conducted a 10 minute interview with my neighbor "Dr. Villanueva" who immigrated to the U.S. over 45 years ago at the age of 26. I asked him about his push and pull factors. What reasons did he have for leaving his home country and why did he choose the U.S. as his new home? He stated that he wanted to leave the Philippines for a better life and more opportunities. He had grown up as the youngest of nine children and was very poor, but was able to study medicine and become a medical doctor specializing in ophthalmology. He heard that the U.S. was encouraging medical professionals to work there especially if they were fluent in English. According to our reading "Filipinos in America," (Lee 2015) the Philippines was a colony of the U.S. from 1898-1945 and English was taught in the education system (Lee, p. 90). Plus, many Filipinos then and still today dream about immigrating to the United States to improve their educational and financial opportunities. Dr. Villanueva came to the U.S. after the 1965 Immigration and Nationality Act abolished national quotas but limited immigration from Asia to educated professionals. When I asked if he felt that he experienced discrimination, Dr. Villanueva said yes, many times, but overall he is glad that he immigrated because his children had so many more opportunities in the U.S. Often, people still think that he is a foreigner or can't speak English. There have been a few occasions that people directed racial slurs at him, but he has not experienced any physical harm.
Dr. Villanueva seems to fit much of the data on Asian Americans that we studied in this class. However, I noticed some ways that he did not. For example, {etc....} Dr. Villanueva's story is much different than my grandparents' story who immigrated from __ and did not have college degrees when they arrived. [ADD YOUR PERSONAL REFLECTIONS ON THE INTERVIEW.]
.
More Related Content
Similar to Strategic ManagementChapter 1Dimensions of Strat.docx
Basic Concepts of Economics: Introduction to Economics , Basic Economic Problem, Circular Flow of
Economic Activity , Adam Smith and Invisible Hand. Nature of the firm - rationale, objective of maximizing
firm value as present value of all future profits, maximizing, satisficing, optimizing, principal agent problem,
Accounting Profit and Economic Profit , Role of profit in Market System
Demand Analysis and Forecasting: Determinants of Market Demand at Firm and Industry level –
Elasticity of Demand - Market Demand Equation – Use of Multiple Regression for estimating demand –
Case study on estimating industry demand (formulating equation and solving with the aid of software
expected)
Demand and Supply: Market Equilibrium – Pricing under perfect competition, monopolistic competition,
Case study on pricing under monopolistic competition , Oligopoly - product differentiation and price
discrimination; price- output decision in multi-plant and multi-product firms.
Cost Concepts: Cost Concept, Opportunity Cost, Marginal, Incremental and Sunk Costs, Cost Volume Profit
Analysis, Breakeven Point, Case Study on marginal costs. Risk Analysis and Decision Making: Concept of
risk, Expected value computation, Risk management through Insurance, diversification, Hedging, Decision
Tree Analysis, Case Study on Decision tree Technique.
Money and Capital Markets in India: Role and Functions of Money Markets, Composition of Money
Market, Money Market Instruments , Reserve Bank of India – Functions , Regulatory Role of RBI w.r.t.
Currency, Credit and Balance of Payment, Open Market Operations. Role and Functions of Capital Markets,
Composition of Capital market, Stock Exchanges in India, Role of SEBI, understanding of stock market
quotations in financial press expected.
Public Finance Infrastructure: Familiarity with important terms/agencies/approaches/practices related to
National Income (such as GDP, PPP, Growth Rate), Foreign Trade (such as GATT, WTO) Union budget
(such as Revenue Account, Capital Account, Revenue Deficit, Fiscal Deficit, Plan and Non-plan expenditure)
is expected. Understanding of Summarize
Understanding There are many factors All these forces come under one word cal...Yashwanth Rm
Understanding the Business :
To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. There are many factors and forces which have considerable impact on any business. All these forces come under one word called environment.
Environmental scanning is a concept from business management by which businesses gather information from the environment, to better achieve a sustainable competitive advantage.
Environmental Scanning & Monitoring- Techniques
PEST, SWOT, QUEST
Strategic Purpose
Business Level Strategy
Corporate Level and International Strategy
Strategy Direction and Methods of Developments
Organizing for Strategy Success
Enabling Strategy Success
Managing Strategic Change
Understanding Strategy Development
Key Learning Points
CUSTOMER SERVICE: Working in a Business EnvironmentThe Pathway Group
An comprehensive guide to the purpose of different working environments and the benefits and disadvantages of them all.
We also look at the importance of maintaining equality and diversity in the workplace, organisational standards and standards of security.
Audits have changed their traditional focus from cost control towards a global strategy of risk management, governance, value creation, and organizational culture. Auditing is a representative element of corporate culture because it defines how companies think and act, but manage decisions are the true reflection of how a company thinks and acts. Thus, this area expands its importance thanks to its direct participation in risk management and value creation.
Similar to Strategic ManagementChapter 1Dimensions of Strat.docx (20)
Project 2: Research Paper Compendium
Choose what you consider to be a monster or monstrosity –
literal
figurative (ideology, practice)
historical
cryptozoology
Examples:
mythology
invention
Vlad Tepes
Joseph Stalin
Pablo Escobar
Nazis
Biological Weapons
Assault Rifles
Adolf Hitler
the Ku Klux Klan
Dylan Roof
Griselda Blanco
Aileen Wuornos
Fred & Rosemary West
Mark Twitchell
Jeffrey Dahmer
Long Island Serial Killer
Jack the Ripper
Jim Jones/Jonestown
Bigfoot
Loch Ness Monster
the Hydra
Slender Man
Michael Myers
Ed Gein
Freddy Krueger
Slavery
Human Trafficking
the Drug Trade
Drug Addiction
Rwandan Genocide
Pol Pot’s Khmer Rouge
Aurora shooting
Sandy Hook
Lizzie Borden
Saddam Hussein
Heaven’s Gate Cult
Baba Yaga
the Holocaust
Balkan Genocide
the list goes on…
Write an 8 to 9 page research paper in which you are the expert on this monster/monstrosity. Both your paper and your expert presentation will reflect the biography/origin; timeline of actions/atrocities; cultural/societal impact; how this subject is depicted/sensationalized through various writings/the media (stories, biographies, scholarly articles, comics, graphic novels, poems, movies, interviews, folklore/fairy tails, television shows, et cetera); and why this monster/monstrosity has meaning to you. The paper must also include
7-8 annotated bibliography entries (I have attatched a document to show what it is).
Jamal Sampson's paper has to focus on the two monsters listed:
Saddam Hussein
Osama Bin Laden
.
Project 1 Interview Essay Conduct a brief interview with an Asian.docxdessiechisomjj4
Project 1: Interview Essay
Conduct a brief interview with an Asian immigrant to ask about their immigration story and push-pull factors. This can last 5-15 minutes. Then, write a 2 paragraphs on the DB.
You do
not
have to include the person’s real name! Immigration status is a sensitive topic, so please understand if someone does not want to be interviewed. Students have interviewed friends, family members, people in their community, and other students.
Project 1: Prompt
1.
Brief facts:
Around what age did they immigrate? How old are they now (in my 30s is acceptable)? What push-pull factors led them to immigrate to the U.S.? (You may have to explain what push-pull factors are.)
2. Add your own comments/perspective and perhaps even your own immigration story. What aspects of their story did you find interesting or surprising? What aspects were familiar to you?
Example:
I conducted a 10 minute interview with my neighbor "Dr. Villanueva" who immigrated to the U.S. over 45 years ago at the age of 26. I asked him about his push and pull factors. What reasons did he have for leaving his home country and why did he choose the U.S. as his new home? He stated that he wanted to leave the Philippines for a better life and more opportunities. He had grown up as the youngest of nine children and was very poor, but was able to study medicine and become a medical doctor specializing in ophthalmology. He heard that the U.S. was encouraging medical professionals to work there especially if they were fluent in English. According to our reading "Filipinos in America," (Lee 2015) the Philippines was a colony of the U.S. from 1898-1945 and English was taught in the education system (Lee, p. 90). Plus, many Filipinos then and still today dream about immigrating to the United States to improve their educational and financial opportunities. Dr. Villanueva came to the U.S. after the 1965 Immigration and Nationality Act abolished national quotas but limited immigration from Asia to educated professionals. When I asked if he felt that he experienced discrimination, Dr. Villanueva said yes, many times, but overall he is glad that he immigrated because his children had so many more opportunities in the U.S. Often, people still think that he is a foreigner or can't speak English. There have been a few occasions that people directed racial slurs at him, but he has not experienced any physical harm.
Dr. Villanueva seems to fit much of the data on Asian Americans that we studied in this class. However, I noticed some ways that he did not. For example, {etc....} Dr. Villanueva's story is much different than my grandparents' story who immigrated from __ and did not have college degrees when they arrived. [ADD YOUR PERSONAL REFLECTIONS ON THE INTERVIEW.]
.
Project 1 Scenario There is a Top Secret intelligence report.docxdessiechisomjj4
Project 1:
Scenario
: There is a Top Secret intelligence report that a terrorist organization based in the Middle East is planning to plant a dirty bomb in the inner harbor of major American city in the next 48 hours. The report has not been officially released or the classification reduced. You (the student) are the Chief of Police of this major metro city and do not have a security clearance at this time. The inner harbor is a major tourist attraction, a major shipping port and home to many international shipping companies, trade zones and military and federal government facilities.
You have heard the report exists but have not seen it. As the Police Chief of (you choose the city e.g. Baltimore, New York, Miami, Los Angeles, San Diego, Seattle etc) you have many questions about the report and many different agencies you will want to coordinate with. You will identify the real Homeland Security, LE and Intelligence organizations within the jurisdiction of the city you have chosen.
Requirement:
Write a minimum 1000 word paper (double space, 12 Font, New Times Roman) explaining how you would deal with this yet unseen report.
What actions would you take upon hearing of this report?
What Federal, state, local or government agencies would want to contact?
What questions would you want to ask about this report?
If it were true who would you want to share it with? Can you share it? What factors (e.g. legal, operational, public safety) might impede sharing this information?
Address
at least ten
of the concepts listed below within your paper:
Dissemination
Differentiate between intelligence and information
Intelligence products
Strategic versus tactical intelligence
Information sharing
Jurisdiction
Security classifications
Public safety
Intelligence roles
Federal versus local, state, and/or tribal
Target identification
Media/Hollywood portrayals
Database security/security of data
Value of intelligence
Domain awareness
Intelligence gap
Collection plans
Reliability, viability, and validity
Security clearances
.
Project #1 Personal Reflection (10)Consider an opinion that you .docxdessiechisomjj4
Project #1: Personal Reflection (10%)
Consider an opinion that you hold dearly. Write a brief reflection on the genealogy of your opinion. This can include personal experience, upbringing, social influence, media analysis, philosophy, anything that’s helped you form your opinion.
Purpose: I want you to start thinking about your process as a thinker. We can’t improve our processes in the future without understanding what we’ve done in the past.
Length: 1-3 pages
Format: MLA, 12 point Times New Roman font, 1 inch margins
.
Project 1 Chinese Dialect Exploration and InterviewYou will nee.docxdessiechisomjj4
Project 1: Chinese Dialect Exploration and Interview
You will need to cite references whenever you get the information from an article or from some online resources. In the written report, you need to include the following:
Title: An Exploration of [Dialect Name (spoken
where
)]
1.
Introduction
Introduce the geography of the dialect and which particular dialect variant you are focusing on. Give basic introduction about how many people are using this dialect and its current situation. Provide a map to indicate the dialectal grouping and the location of the speakers of the dialect.
2.
Linguistic Features of [Dialect Name (spoken
where
)]
Explore the following topics and introduce the
differences between this dialect and Standard Chinese (Mandarin)
in an organized and systematic way.
·
Syllable structure
·
Initial consonants
·
Finals (Rhymes)
·
Medials
·
Basic tones
·
Tone changes (optional: you get additional points if you explore this one)
·
Lexical or syntactic differences
To be able to do this section, you need to find resources online or from the library that reliably analyzed a dialect and systematically introduces this dialect or a dialect closely related to it. At the end of this linguistic description, summarize the speech features of speakers of this dialect when s/he uses Standard Chinese. What features do you expect a speaker of this dialect may carry into Standard Chinese? Are the differences going to be drastic enough to be detectable?
3.
Method:
In this section, you introduce the linguistic and social background of your interviewee(s).
1.
Informant Background:
Personal profile (gender, age, relevant linguistic and educational history, family background) [Have your interviewee fill out a linguistic background form provided by Prof. Lin]
2.
Setting (time and location of the interview, how was it documented?)
4.
Findings: Sociolinguistic aspect of the dialect according to the interview
You will present the interview results in an organized way. You should discuss the following issues related to the dialect:
·
What is the status of the particular dialect in relation to Mandarin? Discuss the issues related to diglossia (high versus low varieties). What are the social functions of the dialects? When do people use them and when do they not use them but opt for other languages and dialects? Compare the different uses of different dialects or speech variants.
·
Ask your interviewee his or her experiences with “accents”. How do people sound if they have accents? Do people using the dialects carry a special accent speaking Mandarin? How are people with accents perceived? Are there social stigma, attitudes, and identity issues associated with the dialect? How are people speaking this dialect usually perceived? Why do you think there are these social meanings that go with the accented speech?
·
How has this dialect changed in recent years, which may be associated with the above social political properties?
5.
Online.
Project 1 (1-2 pages)What are the employee workplace rights mand.docxdessiechisomjj4
Project 1 (1-2 pages)
What are the employee workplace rights mandated by U.S. Federal law?
Briefly discuss at least two controversial issues concerning workplace rights (other than monitoring e-mail). Provide real-life examples to illustrate your answer.
In addition, discuss the issue of workplace privacy. Specifically, do employees have the right to expect privacy in their e-mail conversations, or do companies have a right and/or responsibility to monitor e-mail?
Project 2 (1-2 pages)
Draft a performance action plan for a company to follow when providing discipline in response to complaints of sexual harassment. Use the Library or other Web resources if needed.
Please submit your assignment.
.
PROGRAM 1 Favorite Show!Write an HLA Assembly program that displa.docxdessiechisomjj4
PROGRAM 1: Favorite Show!
Write an HLA Assembly program that displays your favorite television show on screen in large letters. There should be no input, only output. For example, I really like The X-Files, so my output would look like this:
All this output should be generated by just five
stdout.put
statements.
.
Program must have these things Format currency, total pieces & e.docxdessiechisomjj4
Program must have these things
Format currency, total pieces & exit or ok button to go back; comments; tooltips;
Piecework C
Modify Piecework B to a multi-form project, adding a Splash form and a Summary form. Be sure to
retain your Piecework B program as you will need it later. Add a slogan and logo that the user can
display or hide independently, based on toggling and
displaying a checkmark in the menu choices; program
should start with slogan and logo being displayed and the
menu items checked. Add program version number, a
graphic, and an OK button to About box; About box should
display as modal. Splash should display project name,
programmer name, and a graphic. Change the Summary
data from a message box to its own form (also modal).
.
Professors Comments1) Only the three body paragraphs were require.docxdessiechisomjj4
Professors Comments:
1) Only the three body paragraphs were required. The introduction and the conclusion were not to be included in the Unit 6 paper. They should be saved for the Unit 8 paper when the thesis will be moved to the end of the introduction.
2) You paper is already over the length limit, so nothing else can be added. Some parts could be deleted, for example: "
Samimi and Jenatabadi (2014), point out that" and "
In another article, Sandbrook and Güven (2014) asserted that
." Those phrases add nothing to the paper and are distracting. You would have to explain who they are, so eliminate that phrase and others like it.
3) Keep in mind that your paper is not a literature review. It is an essay in which you are to explain your topic clearly and concisely. Also keep in mind that your topic is one that is difficult to understand and you are not writing for economists or for those with Ph.D.'s. Write in a manner that your average reader can comprehend. Explain concepts clearly in non-jargon type language. Clarity is your goal.
4) The Federal Reserve Bank information at the end of the introduction is not cited.
5) Bullet points should not be used in this paper. Everything should be integrated into the paragraphs using transitions.
6) Subtitles should not be used. This is a short paper, 2 - 2 1/2 pages double spaced, and they are not needed.
7) What does this mean: "
Globalization makes it possible for huge organizations to comprehend economies of scale
"?
8) Do not use the word "we."
9) Since you are discussing globalization, you must explain which country you are discussing. For example, when you say "federal policy," do you mean the United States?
My draft of paper:
Thesis statement:
Globalization has influenced practically every facet regarding today’s lifestyles.
Globalization
Globalization
refers to the action or process of global incorporation as a result of the interchange associated with world perspectives, goods, concepts, as well as other facets of tradition.
Improvements in transportation (like the steam train engine, steamship, aircraft engine, as well as container ships) in addition to telecommunications infrastructure (such as the development of the telegraph along with its contemporary progeny, the world wide web as well as cellular phones) happen to be significant aspects of globalization. Therefore, it creates new interdependence associated with monetary as well as social functions.
Samimi and Jenatabadi (2014), point out that a
lthough a lot of scholars place the beginnings connected with globalization within contemporary days. Some trace its heritage a long time before the Western Age regarding Discovery as well as voyages towards the New World, others even to the 3rd centuries BC
(Samimi, & Jenatabadi, 2014)
.
Large-scale globalization started out in the 1820s. Back in the Nineteenth millennium as well as in the
early
Twentieth century, the connection of the globe's financial system.
Program EssayPlease answer essay prompt in a separate 1-page file..docxdessiechisomjj4
Program Essay
Please answer essay prompt in a separate 1-page file. Responses should be double-spaced, 11 point font or greater with 1-inch margins.
Based on what you’ve learned about the NYU communicative sciences and disorders master’s program through your application process, please name two faculty members whose research or fieldwork you are most interested in and why.
Ist
• Voice and Voice Disorders
• Neurogenic Communicative Disorders
• Dysphagia
Professor Celia Stewart is a tenured Associate Professor in the Department of Communicative Sciences and Disorders at NYU: Steinhardt School of Culture, Education, and Human Development. She provides classes in Voice Disorders, Interdisciplinary Habilitation of the Speaking Voice, Multicultural and Professional Issues, and Motor Speech Disorders. She maintains a small private practice that specializes in care of the professional voice, transgender voice modification, neurogenic voice disorders, and dysphagia. She has published in the areas of spasmodic dysphonia, transgender voice, dysphagia, Parkinson’s disease, and Huntington’s disease.
2nd
• Perception of linguistic and talker information in speech
• Relationship between talker processing, working memory, and linguistic processing
• Development of talker processing in children with both typical and impaired language development.
Susannah Levi is an Associate Professor in the Department of Communicative Sciences and Disorders. She examines how information about a speaker affects language processing. Her past research has looked at whether people sound the same when speaking different languages and whether being familiar with a speaker’s voice in one language, helps a listener understand that speaker in a different language. Her current work expands on this to examine whether children, like adults, also show a processing benefit when listening to familiar talkers. She is also exploring whether language processing can be improved for children with language disorders using speaker familiarity.
Dr. Levi received her doctorate from the Department of Linguistics at the University of Washington, completed a postdoctoral research position in the Department of Brain and Psychological Sciences at Indiana University. Prior to coming to NYU, she taught at the University of Michigan. She is currently the Director of the Undergraduate Program in the Department of Communicative Sciences and Disorders.
.
Program Computing Project 4 builds upon CP3 to develop a program to .docxdessiechisomjj4
Program Computing Project 4 builds upon CP3 to develop a program to perform truss analysis. A truss consists of straight, slender bars pinned together at their end points. Truss members are considered to be two force, axial members. Thus, the force caused by each truss member - and the internal force in each member - acts only along it’s axis. In other words, the direction of each member force is known and only the magnitudes must be determined. To analyze a truss we study the forces acting at each individual pin joint. This is known as the Method of Joints. We will call each pin joint a node and the slender bars connecting the nodes will be called members. The previous project computed a unit vector to describe the vector direction of every member of a truss structure. To analyze the structure a few other key inputs must be included like the support reactions and external loads applied to the structure. With all of this information, you will need to make the correct changes to the provided planar (2-D) truss template program to be able to analyze a space (3-D) truss. What you need to do For a planar truss, every node has 2 degrees of freedom, the e1 and e2 directions. Therefore, for every planar truss problem, the total number of degrees of freedom (DOF) in the structure is equal to 2 times the number of nodes. We will consider the first degree of freedom for each node as the component acting in the e1 direction. So for any given node, i, the corresponding degree of freedom is (2·i)-1. For the same node, i, the corresponding value for the second degree of freedom, the component in the e2 direction, is 2-i. This numbering notation can be modified for a space truss. The difference with the space truss is that every node has 3 degrees of freedom, one degree for each of the e1, e2 and e3 directions. The degree of freedom indices are extremely crucial in understanding how to set up the matrices for the truss analysis. For this computing project, you will first need to understand the planar truss program and the inputs that are needed for that program. The first input is the spatial coordinates (x, y, z) of the nodal locations for a truss. It is convenient to label each node with a unique number (also known as the “node number”). Each row of the nodal coordinate array should contain the x and y coordinates of the node. We will use the matrix name of “x” for all nodal coordinates. Please note that “nNode” is an integer value that corresponds to the number of nodes in the truss and must be adjusted for every new truss problem. For Node 1 this matrix array input looks like: x(1,:) = [0,0]; Once the coordinates of the nodes are in the program, you will need to input how those nodes are connected by the members of the truss. In order to describe how the members connect the nodes you will also need to label each member with a “member number”. This connectivity array should contain only the nodes that are joined by a member, with each row containing firs.
Project 1 Resource Research and ReviewNo directly quoted material.docxdessiechisomjj4
Project 1: Resource Research and Review
No directly quoted material may be used in this project paper. Resources should be summarized or paraphrased with appropriate in-text and Resource page citations.
Project 1 is designed to help prepare you for the final project at the end of the semester. You will notice that, for your final project in this course, you will be asked to trace a crime or criminal incident through the adult criminal justice system, from initial arrest to the eventual return to the community following incarceration. As you work on the final project, you will encounter numerous decision points or stages in the system. Project 1 will assist you in preparing for your final project by introducing you to topic research. You may then use the results of this project to support your final project paper.
Project 1 Assignment:
Using the designated topic listed below (see, Topics), you will search the UMUC Library Services databases and the Internet for resource material that explains, clarifies, critiques, etc. the topic.
1. Your Resource Research and Review project must contain four (4) outside sources (not instructional material for this course), at least two of which must come from the UMUC Library data base.
2. Locate books, periodicals, and documents that may contain useful information and ideas on your topic. You may conduct your research with the assistance of a UMUC librarian, reviewing your own personal materials on the topic, using the Internet, visiting an actual library, etc. and reviewing the available items. Then, choose those works that provide a variety of perspectives on your topic.
Note: You can connect to Library Services by using the Library link under RESOURCES in the Classroom task bar, or link directly to the UMUC Library Guide to Criminal Justice Resources link in CONTENT
3. Type the reference “citation” information for the book, article, or document using the American Psychological Association (APA) formatting standards. (There are links to APA format standards under Library Services.)
4. Each reference is to be followed by the annotation. The purpose of the annotation is to inform the reader of the relevance, accuracy, and quality of the sources cited. Creating an annotated bibliography calls for a variety of intellectual skills: concise exposition, succinct analysis, and informed library research.
5. Write a concise annotation (150 words) for each reference that summarizes the central theme and scope of the book, article, or document. This must include:
a) briefly, in your own words, describe the content of the article
b) compares or contrasts the work with at least one other article in your research review
The topic: Issues with evidence (DNA, eyewitness testimonies, direct vs. circumstantial, etc.)
Format
The project paper should begin with an introductory paragraph and end with a concluding paragraph
Each annotation should contain approximately 150 words
Double space, 12 pt. font, 1” margins
Cover pa.
Professionalism Assignment I would like for you to put together yo.docxdessiechisomjj4
Professionalism Assignment
I would like for you to put together your current resume or update one that you have previously created. Refer to the attached curriculum vitae as an example to assist with the completion of this assignment. A curriculum vitae, or CV, is typically a longer version of a resume which includes conference and journal publications, research, and awards. CVs are usually 2-3 pages, compared to a resume which should usually be limited to a single page. Since most of you will not have publication or conference presentations at this point in your academic career, please leave that section out and submit a more traditional single page resume.
Education
M.S. Electrical and Computer Engineering, 2012
University of Louisville, Louisville, KY
B.S. Electrical Engineering, 2008
Western Kentucky University, Bowling Green, KY
Experience
Engineering Technician, 2014-Current
Engineering, Manufacturing, and Commercialization Center
Applied Physics Institute
Western Kentucky University
Instructor, 2014 - Current
Electrical Engineering Program
Department of Engineering
Western Kentucky University
Grosscurth PhD Fellow, 2012-2014
Department of Electrical and Computer Engineering
J.B. Speed School of Engineering
University of Louisville
Graduate Research Assistant, 2011-2012
Department of Electrical and Computer Engineering
J.B. Speed School of Engineering
University of Louisville
Electrical Engineer, 2009-2012
Applied Physics Institute
Western Kentucky University
Research Associate, 2008-2009
Applied Physics Institute
Western Kentucky University
Research Assistant, 2005-2008
Applied Physics Institute
Western Kentucky University
Publications
Craig Dickson, Stuart Foster,
Kyle Moss
, Anoop Paidipally, Jonathan Quiton, William Ray, and Phillip Womble,
Stochastic Modeling for Automatic Response Technology with Applications to Climate and Energy,
at the 8
th
Kentucky Entrepreneurship and Innovation Conference, Louisville, KY, June 2012
Jeffrey L. Hieb, James H. Graham, Nathan Armentrout, and
Kyle Moss
,
Security Pre-Processor for Industrial Control Systems,
at the 8
th
Kentucky Entrepreneurship and Innovation Conference, Louisville, KY, June 2012
Jeffery Hieb, James Graham, Jacob Schreiver,
Kyle Moss,
Security Preprocessor for Industrial Control Networks,
at the 7
th
International Conference on Information-Warfare and Security, Seattle, Washington, March 2012
Kyle Moss,
Phillip Womble, Alexander Barzilov, Jon Paschal, Jeremy Board,
Wireless Orthogonal Sensor Networks for Homeland Security
at 2007 IEEE Conference on Technologies for Homeland Security, Woburn, MA, May 2007
Barzilov, P. Womble, I. Novikov, J. Paschal, Jeremy Board, and
Kyle Moss
,
Network of Wireless Gamma Ray Sensors for Radiological Detection and Identification
at the SPIE Defense and Security Symposium, Orlando, FL, April 2007
Alexander Barzilov, Jeremy Board, .
Professor Drebins Executive MBA students were recently discussing t.docxdessiechisomjj4
Professor Drebin's Executive MBA students were recently discussing the benefits of a chart of accounts. Following is a transcript of the discussion. Most of the comments were correct, but two students were off base. Assume the role of Professor Drebin, and identify the two students whose statements are incorrect. Record your answer in Blackboard.
.
Professional Legal Issues with Medical and Nursing Professionals .docxdessiechisomjj4
"Professional Legal Issues with Medical and Nursing Professionals" Please respond to the following:
* From the scenario, analyze the different and overlapping general roles of physicians and nurses as they apply to professional credentialing and subsequent patient safety and satisfaction. Determine the major ways in which these overlapping roles may help play a part in health professional credentialing processes and conduct, and identify and analyze the ethical role these influences play in health care.
Analyze the major professional roles played by physicians and nurses as they apply to physicians’ conduct in the medical arena and to nurses in the role of adjuncts to physicians. Evaluate the degree and quality of care that physicians, nurses, and medical technologists provide in their primary roles, including, but not limited to, patient safety and satisfaction as required in 21st Century U.S. hospitals.
.
Prof Washington, ScenarioHere is another assignment I need help wi.docxdessiechisomjj4
Prof Washington, Scenario
Here is another assignment I need help with. I know the scenario is the same as before but now we need to come up with the project management plan. The Scenario is
You have been asked to be the project manager for the development of an information technology (IT) project. The system to be developed will allow a large company to coordinate and maintain records of the professional development of its employees. The company has over 30,000 employees who are located in four sites: Florida, Colorado, Illinois, and Texas. The system needs to allow employees to locate and schedule professional development activities that are relevant to their positions. Sophisticated search capabilities are required, and the ability to add scheduled events to the employees’ calendars is desired. The system needs to support social networking to allow employees to determine who is attending conferences and events. This will promote fostering relationships and ensure coverage of conferences that are considered of high importance.
Once an activity has been completed, employees will use the system to submit the documentation. The system should support notifications to management personnel whenever their direct reports have submitted documentation. The system should also notify employees if their deadline to complete professional development requirements is approaching and is not yet satisfied.
Project Scope Management Plan
For the given scenario, create a project scope management plan that will detail how the project scope will be defined, managed, and controlled to prevent scope creep. The plan may also include how the scope will be communicated to all stakeholders.
Project Scope
After you have the project scope management plan developed, define the project scope.
.
Prof James Kelvin onlyIts just this one and simple question 1.docxdessiechisomjj4
Prof James Kelvin only
It's just this one and simple question
1. This week we begin focusing on PowerPoint. When you create a PowerPoint presentation, there are many elements included such as: theme, transitions, images, font, color, content layout, etc. List and explain four guidelines you learned about how to create a successful PowerPoint presentation. Additionally, describe some common mistakes that are made when PowerPoint presentations are created.
.
Product life cycle for album and single . sales vs time ( 2 pa.docxdessiechisomjj4
Product life cycle for album and single .
sales vs time ( 2 pages not less with chart for each album and singles
Album
introduction,
growth
, maturity
, decline .
Singles
introduction,
growth
, maturity
, decline
.
Produce the following components as the final draft of your health p.docxdessiechisomjj4
Produce the following components as the final draft of your health promotion program written proposal;
1. Introduction to the Program project.
2. Epidemiological and Needs Assessments Summary
3. Risk Factors, Goals, Objectives and Educational Plans
4. Marketing Plans and Proposed Budget
5. Evaluation Plans
6. Leadership Needs and Collaborative Strategies
.
Produce a preparedness proposal the will recommend specific steps th.docxdessiechisomjj4
Produce a preparedness proposal the will recommend specific steps that could potentially reduce (mitigate) the loss of life and property resulting from you climate impact or natural hazard. The proposal should target a specific person, agency, municipality or organization responsible for emergency mitigation efforts. Seven sections should be labelled as indicated in bold and address the following:
Specifically Identify and state who is the intended audience for your proposal (Target audience)
Identify and describe the climate impact or natural hazard (Hazard)
Identify and explain the risk associated with your specific geographic location (Location)
Describe the atmospheric and geologic conditions or processes that give rise to the impact or hazard (Earth processes)
Describe ways in which human and environmental processes contribute to the impact or hazard (Human processes)
Discuss past impact/hazard events and mitigation or communication policies and their effectiveness (Past events/policies)
Recommend ethically and socially responsible ways to improve current mitigation and communication policies (Proposal)
Make sure and answer according to the bolded labels (Target audience, Hazard, etc.) Responses should be brief, except for your Proposal recommendation. If you have completed the Milestones as directed the majority of this information should already exist!
1. The preparedness proposal should focus on COMMUNICATING the science information to the target audience
2. The proposal MUST include at least two data sources supporting your recommendations and be represented in a graphical format
3. The proposal must be double spaced, size 12 font
4. The proposal must list references/citations where appropriate
1.5-2page.
China Gansu
mudslides. Read mileston I write fist. here will have the information you need use in that paper.
.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Strategic ManagementChapter 1Dimensions of Strat.docx
1. Strategic Management
Chapter 1
Dimensions of Strategic DecisionsStrategic issues require top-
management decisionsStrategic issues require large amounts of
the firm’s resourcesStrategic issues often affect the firm’s long-
term prosperityStrategic issues are future orientedStrategic
issues usually have multifunctional or multibusiness
consequencesStrategic issues require considering the firm’s
external environment
Multimedia Lecture Support Package to Accompany Basic
Marketing
Lecture Script 6-*
Three Levels of Strategy
Corporate level: board of directors, CEO & administration
[Highest]
Business level: business and corporate managers [Middle]
Functional level: Product, geographic, and functional area
managers [Lowest]
2. Characteristics of Strategic Management Decisions: Corporate
Often carry greater risk, cost, and profit potential
Greater need for flexibility
Longer time horizons
Choice of businesses, dividend policies, sources of long-term
financing, and priorities for growth
Characteristics of Strategic Management Decisions:
BusinessHelp bridge decisions at the corporate and functional
levelsLess costly, risky, and potentially profitable than
corporate-level decisionsMore costly, risky, and potentially
profitable than functional-level decisionsInclude decisions on
plant location, marketing segmentation, and distribution
Characteristics of Strategic Management Decisions:
FunctionalImplement the overall strategy formulated at the
corporate and business levelsInvolve action-oriented operational
issuesRelatively short range and low riskModest costs: depend
upon available resourcesRelatively concrete and quantifiable
Company Mission
Chapter 2
Four Essential Components:Basic Product or Service Primary
Market--WHOWhereFinancial position
3. Primary Company GoalsSurvival – A firm that can’t survive
can’t satisfy its stakeholders. (Often taken for
granted)Profitability –the mainstay goal of a business.Growth –
is tied to survival and profitability. Broadly defined in terms of
market share, etc.
Company Philosophy—BULLETS
Covers CustomersEmployeesManagementStockholders
Stakeholders SuppliersCommunitySocial
responsibilityTaxesEnvironmental protection
AGENCY THEORY
Agency theory --based on the belief that the separation of the
ownership from management creates a situation where managers
will spend the stockholders’ money in ways they would not
spend their own.
Agency Costs
The cost of agency problems plus the cost of actions taken to
minimize agency problems are collectively termed agency costs.
How Agency Problems Occur
Moral hazard problem--Executives have disproportionate access
to company information. Adverse selection--a problem caused
by the limited ability of stockholders to determine the
4. competencies and priorities of executives they hire.
Problems Resulting from Agency
Executives pursue growth in company size rather than earnings
Executives attempt to diversify their corporate risk
Executives avoid healthy risk
Managers act to optimize their personal payoffs
Executives protect their status
Solution
s to Agency Problem
Owners pay executives a premium for their service to increase
loyalty
Executives receive back-loaded compensation.
Creating teams of executives across different units of a
corporation can help to focus performance measures on
organizational rather than personal goals.
Aligning Executive Interests with Owner InterestsStock Option
5. PlansBonus plansIncentives for Long-Term Performance
Corporate Social Responsibility and Business Ethics
Chapter 3
Dynamics of Social Responsibility
Inside vs. Outside Stakeholders
Duty to serve society plus duty to serve stockholders
Flexibility is key
Firms differ along:
Competitive Position
Industry
Country
Environmental Pressures
Ecological Pressures
Types of Social Responsibility
Economic – the duty of managers, as agents of the company
owners, to maximize stockholder wealth
6. Legal – the firm’s obligations to comply with the laws that
regulate business activities
Ethical – the company’s notion of right and proper business
behavior.
Discretionary – voluntarily assumed by a business organization.
Corporate Social Responsibility & ProfitabilityCorporate social
responsibility (CSR), is the idea that business has a duty to
serve society in general as well as the financial interests of
stockholders.The dynamic between CSR and success (profit) is
complex. They are not mutually exclusive, and they are not
prerequisites of each other. Better to view CSR as a component
in the decision-making process of business that must determine,
among other objectives, how to maximize profits.
Factors Complicating a Cost-Benefit Analysis of CSR:
Some CSR activities incur no dollar costs at all. In fact, the
benefits from philanthropy can be huge.
Socially responsible behavior does not come at a prohibitive
7. cost.
Socially responsible practices may create savings, and, as a
result, increase profits.
Proponents argue that CSR costs are more than offset in the
long run by an improved company image and increased
community goodwill.
Sarbanes-Oxley Act of 2002
CEO and CFO must certify every report containing company’s
financial statements
Restricted corporate control of executives, acting, firms,
auditing committees, and attorneys
Specifies duties of registered public acting firms that conduct
audits
Composition of the audit committee and specific responsibilities
Rules for attorney conduct
Disclosure periods are stipulated
Stricter penalties for violations
8. New Corporate Governance StructureRestructuring governance
structure in American corporations Heightened role of corporate
internal auditors Auditors now routinely deal directly with top
corporate officialsCEO information provided directly by the
company’s chief compliance and chief accounting officers
Social AuditA social audit is an attempt to measure a company’s
actual social performance against its social objectives. The
social audit may be used for more than simply monitoring and
evaluating firm social performance.
Management Ethics
The Nature of Ethics in Business:Belief that managers will
behave in an ethical manner is central to CSREthics – the moral
principles that reflect society’s beliefs about the actions of an
individual or a group that are right and wrongEthical standards
reflect the end product of a process of defining and clarifying
the nature and content of human interaction
9. 3 BASIC Approaches to Questions of Ethics
Utilitarian Approach
Moral Rights Approach
Social Justice Approach
The External Environment
Chapter 4
External EnvironmentThe factors beyond the control of the firm
that influence its choice of direction and action, organizational
structure, and internal processes
Remote EnvironmentEconomic FactorsSocial FactorsPolitical
FactorsTechnological FactorsEcological Factors
10. Economic Factors
Prime interest rates
Inflation rates
Trends in the growth of the gross national product
Unemployment rates
Globalization of the economy
Outsourcing
Social Factors
Beliefs & Values
Attitudes & Opinions
Lifestyles
Demographics
Age
Ethnic composition
Gender
Health considerations
Religion
11. Education
Quality-of-life issues
Political Factors
Legal & regulatory parameters:
Fair-trade Decisions
Antitrust Laws
Tax Programs
Minimum Wage Legislation
Pollution and Pricing Policies
Administrative jawboning
Obama care
Technological FactorsSpeed of new developments
Ecological FactorsEcology refers to the relationships among
human beings and other living things and the air, soil, and water
that supports them. Threats to our life-supporting ecology
caused principally by human activities in an industrial society
12. are commonly referred to as pollution Loss of habitat and
biodiversityEnvironmental legislationEco-efficiency
International Environment
Monitoring the international environment
involves assessing each non-domestic market on the same
factors that are used in a domestic assessment.
While the importance of factors will differ, the same set of
considerations can be used for each country.
Economic, political, legal, and social factors are used to assess
international environments.
One complication to this process is that the interplay among
international markets must be considered.
Ex. 4.8 Forces Driving Industry Competition
Threats of EntryEconomies of ScaleProduct
13. DifferentiationCapital RequirementsCost Disadvantages
Independent of SizeAccess to Distribution ChannelsGovernment
Policy
Powerful Suppliers
A supplier group is powerful if:It is dominated by a few
companies and is more concentrated than the industry it sells to
Its product is unique or at least differentiated, or if it has built-
up switching costs It is not obliged to contend with other
products for sale to the industry It poses a credible threat of
integrating forward into the industry’s business The industry is
not an important customer of the supplier group
Powerful Buyers
A buyer group is powerful if: It is concentrated or purchases in
large volumes The products it purchases from the industry are
standardThe products it purchases from the industry form a
component of its product and represent a significant fraction of
its costIt earns low profitsThe industry’s product is unimportant
to the quality of the buyers’ products or services The industry’s
product does not save the buyer money The buyers pose a
14. credible threat of integrating backward
Substitute ProductsBy placing a ceiling on the prices it can
charge, substitute products or services limit the potential of an
industry Substitutes not only limit profits in normal times but
also reduce the bonanza an industry can reap in boom times
Substitute products that deserve the most attention strategically
are those that are subject to trends improving their price-
performance trade-off with the industry’s product orproduced
by industries earning high profits
Jockeying for Position
Intense rivalry occurs when:
Competitors are numerous or are roughly equal
Industry growth is slow, precipitating fights for market share
that involve expansion
The product or service lacks differentiation or switching costs
Fixed costs are high or the product is perishable, creating strong
temptation to cut prices
Capacity normally is augmented in large increments
Exit barriers are high
15. Rivals are diverse in strategy, origin, and personality
The Global Environment
Chapter 5
GlobalizationGlobalization refers to the strategy of pursuing
opportunities anywhere in the world that enable a firm to
optimize its business functions in the countries in which it
operates.
Why Firms Globalize?U.S. firms can reap benefits from
industries and technologies developed abroad.Direct penetration
of foreign markets can drain vital cash flows from a foreign
competitor’s domestic operations.The resulting lost
opportunities, reduced income, and limited production can
impair the competitor’s ability to invade U.S. markets.
Question: Should firms be proactive or reactive?
16. Reasons for Going Global
PROACTIVE
Additional resources
Lowered costs
Incentives
New, expanded markets
Exploitation of firm-specific advantages
Taxes
Economies of scale
Synergy
Power and prestige
Protect home market
REACTIVE
Trade barriers
International customers
International competition
Regulations
Chance
4 Strategic Orientations of Global Firms
Ethnocentric orientation
When the values and priorities of the parent organization guide
17. the strategic decision making of all its international operations
4 Strategic Orientations of Global Firms (contd.)
Polycentric orientation
When the culture of the country in which the strategy is to be
implemented is allowed to dominate a company’s international
decision making process
4 Strategic Orientations of Global Firms (contd.)
Regiocentric orientation
When a parent company blends its own predisposition with
those of its international units to develop region-sensitive
strategies.
4 Strategic Orientations of Global Firms (contd.)
Geocentric orientation
When an international firm adopts a systems approach to
strategic decision making that emphasizes global integration.
18. Competitive Strategies for
Firms in Foreign Markets
Niche Market Exporting
Licensing and Contract Manufacturing
Franchising
Joint Ventures
Foreign Branching
Acquisition
Wholly Owned Subsidiary
LOOK UP EACH OF THESE AND UNDERSTAND
Internal Analysis
Chapter 6
SWOT Analysis
A traditional approach to internal analysis: SWOT is an
acronym for the internal Strengths and Weaknesses of a firm
and the environmental Opportunities and Threats facing that
19. firm.SWOT analysis is a historically popular technique through
which managers create a quick overview of a company’s
strategic situation.
SWOT Components
An opportunity is a major favorable situation in a firm’s
environment
A threat is a major unfavorable situation in a firm’s
environment
A strength is a resource or capability relative to its
A weakness is a limitation or deficiency in a firm’s resources or
capabilities relative to its competitors
S.W.O.T. AnalysisS.W.O.T. information is only as important as
the analysis derived from it.There is no magic number of
strengths or weaknesses compared to a magic number of
opportunities and threats. Do you have the strengths to: 1. Take
advantage of new opportunities? Or 2. Survive a threat? Or 3.
To compensate for your weaknesses?To appropriately use the
S.W.O.T. study the following slide
20. Ex. 6.2 SWOT Analysis Diagram
Value ChainA perspective in which business is seen as a chain
of activities that transforms inputs into outputs that customers
value.Examines the contributions of different activities within
the business that create customer valueA process point of view
Value Chain Analysis (contd.)Primary Activities
The activities in a firm of those involved in the physical
creation of the product, marketing and transfer to the buyer, and
after-sales supportSupport Activities
The activities in a firm that assist the firm as a whole by
providing infrastructure or inputs that allow the primary
activities to take place on an ongoing basis
Ex. 6.3 The Value Chain
21. Resource-Based View (RBV)
RBV is a method of analyzing and identifying a firm’s strategic
advantages based on examining its distinct combination of
assets, skills, capabilities, and intangibles
The RBV’s underlying premise is that firms differ in
fundamental ways because each firm possesses a unique
“bundle” of resources
Each firm develops competencies from these resources, and
these become the source of the firm’s competitive advantages
Three Basic TYPES of Resources
Tangible assets are the easiest “resources” to identify and are
often found on a firm’s balance sheet
Intangible assets are “resources” such as brand names, company
reputation, organizational morale, technical knowledge, patents
and trademarks, and accumulated experience
Organizational capabilities are not specific “inputs.” They are
the skills that a company uses to transform inputs into outputs
22. What makes a resource VALUABLE?
4 Guidelines:
Is the resource or skill critical to fulfilling a customer’s need
better than that of the firm’s competitors?
Is the resource scarce? Is it in short supply or not easily
substituted for or imitated?
Appropriability: Who actually gets the profit created by a
resource?
Durability: How rapidly will the resource depreciate?
Elements of Scarcity Short SupplyAvailability of
SubstitutesImitationIsolating Mechanisms:
Physically Unique Resources
“Path-Dependent” Resources
Casual Ambiguity
Economic Deterrence
Using RBV in Internal Analysis
It is helpful to: Disaggregate resourcesUtilize a functional
perspectiveLook at organizational processesUse the value chain
23. approach
Long-Term Objectives and Strategies
Chapter 7
Multimedia Lecture Support Package to Accompany Basic
Marketing
Lecture Script 6-*
Long-Term ObjectivesStrategic managers recognize that short-
run profit maximization is rarely the best approach to achieving
sustained corporate growth and profitability To achieve long-
term prosperity, strategic planners commonly establish long-
term objectives in seven areas: Profitability–
ProductivityCompetitive Position– Employee
DevelopmentEmployee Relations-- Tech LeadershipPublic
Responsibility
24. Multimedia Lecture Support Package to Accompany Basic
Marketing
Lecture Script 6-*
Qualities of Long-Term Objectives S.M.A.R.T.There are five
criteria that should be used in preparing long-term objectives:
Specific—clear about outcomes desiredMeasurable—able to
quantifyAttainable—able to achieve with current
resourcesRealistically challenging—provide stimulation to
achieveTimed—stating the time frame in which the objective
will be accomplished
The Balanced ScorecardThe balanced scorecard is a set of four
measures that are directly linked to the company’s strategy
allows managers to evaluate the company from four
perspectives:
financial performance
customer knowledge
internal business processes
learning and growth
25. Generic StrategiesA long-term or grand strategy must be based
on a core idea about how the firm can best compete in the
marketplace. The popular term for this core idea is generic
strategy.
The 4 GENERIC Strategies
Striving for overall low-cost leadership in the industry.
Striving to create and market unique products for varied
customer groups through differentiation.
Striving to have special appeal to one or more groups of
consumers or industrial buyers, focus on their cost or
differentiation concerns.
SPEED rapid response to customer requests or market and
technological changes
GRAND Strategies
Grand strategy
A master long-term plan that provides basic direction for major
26. actions for achieving long-term business objectives
Grand Strategies
Concentrated growth the strategy that directs resources to the
growth of a dominant product, in a dominant market, with a
dominant technology
Market development consists of marketing present products to
customers in related market areas by adding channels of
distribution or by changing the content of advertising or
promotion
Product development substantial modification of existing
products or the creation of new but related products that can be
marketed to current customers through established channels
Grand Strategies
Innovation companies seek high profits associated with
customer acceptance of a new or greatly improved product—
search for other original or novel ideas—seek to create a new
product life cycle and make similar existing products obsolete
Horizontal acquisition—growth through the acquisition of one
27. or more similar firms operating at the same stage of the
production-marketing chain
Grand Strategies
Vertical acquisition—BACKWARD—acquire firms that supply
it with inputs (such as raw materials) or FORWARD—are
customers for its outputs (such as warehouses for finished
products)
Concentric diversification involves the acquisition of businesses
that are related to the acquiring firm in terms of technology,
markets, or products
Conglomerate diversification—gives little concern to creating
product-market synergy with existing businesses
Grand Strategies
Turnaround—Cost reduction—Asset reduction
Divestiture strategy the sale of a firm or a major component of
a firm
Liquidation the firm typically is sold in parts for its tangible
asset value and not as a going concern
28. Chapter 7 Liquidation bankruptcy—agreeing to a complete
distribution of firm assets to creditors, most of whom receive a
small fraction of the amount they are owed Chapter 11
Reorganization bankruptcy—the managers believe the firm can
remain viable through reorganization—management runs the
day-to-day business operations but all significant business
decisions must be approved by a bankruptcy court.
Bankruptcy
Grand Strategies
Joint ventures relationship between two or more parties to
pursue a set of agreed upon goals or to meet a critical business
need while remaining independent organizations
Strategic alliances is a business agreement in which parties
agree to develop, for a finite time, a new entity and new assets
by contributing equity—
Company A & B form Company C
Business Strategy
Chapter 8
29. Sustainable Low-Cost Activities
Some low-cost advantages reduce the likelihood of buyers’
pricing pressure
Truly sustained low-cost advantages may push rivals into other
areas
New entrants competing on price must face an entrenched cost
leader
Low-cost advantages should lessen the attractiveness of
substitute products
Higher margins allow low-cost producers to withstand supplier
cost increases
Risks of a Cost Leadership Strategy
Many cost-saving activities are easily duplicated
Exclusive cost leadership can be a trap
Obsessive cost cutting can shrink other competitive advantages
Cost differences often decline over time
30. Ex. 8.2 Evaluating a Business’s Cost Leadership Opportunities
Evaluating Differentiation
Differentiation requires that the business have sustainable
advantages that allow it to provide buyers with something
uniquely valuable to them
Differentiation usually arises from one or more activities in the
value chain that create a unique value important to buyers
RISKS ASSOCIATED WITH A DIFFERENTIATION
STRATEGYCompetitors may be able to imitate the unique
features, Customers may lose interest in the unique features, or
Low cost competitors may be able to undercut prices & erode
brand loyalty.
Ex. 8.3 Evaluating a Business’s Differentiation Opportunities
31. Evaluating Speed as a Competitive Advantage Speed-based
strategies, or rapid response to customer requests or market and
technological changes, have become a major source of
competitive advantage for numerous firms in today’s intensely
competitive global economy
Risks of Speed-based Strategy
Speeding up activities that haven’t been conducted in a fashion
that prioritizes rapid response should only be done after
considerable attention to training, reorganization, and/or
reengineering
Some industries may not offer much advantage to the firm that
introduces some forms of rapid response
Customers in such settings may prefer the slower pace or the
lower costs currently available, or they may have long time
frames in purchasing
Ex. 8.5 Evaluating a Business’s Rapid Response (Speed)
Opportunities
32. Evaluating Market Focus as a Way to Competitive Advantage
Market focus: the extent to which a business concentrates on a
narrowly defined market Small companies, at least the better
ones, usually thrive because they serve narrow market niches
Market focus allows some businesses to compete on the basis of
low cost, differentiation, and rapid response against much larger
businesses with greater resources
Risks of Market FocusThe risk of focus is that you attract major
competitors who have waited for your business to “prove” the
market Publicly traded companies built around focus strategies
become takeover targets for large firms seeking to fill out a
product portfolioSlipping into the illusion that it is focus itself,
and not low cost, etc. that is creating the business’s success.
CHAPTER 2
Q1/ Explain the four components of a mission statement as
required by our class. GIVE AN EXAMPLE—CAN BE
FOR/FROM YOUR INDIVIDUAL CASE.
33. Q2/ seq NL_a r 0 h Explain agency theory, its problems, and
how to solve them. GIVE AN EXAMPLE
CHAPTER 3
Q1/ In class we discussed what some thought of as the PROS of
Corporate Social Responsibility (CSR) and also what some
thought of as the CONS of CSR. Remember this takes into
consideration the company--stockholders--stakeholders. Tell
me what you consider to be the PROS and the CONS then
express your PERSONAL VIEWPOINT. Then of course GIVE
AN EXAMPLE.
Q2/ Do you think a business organization in today’s society
benefits by defining a socially responsible role for itself? Why
or why not? GIVE AN EXAMPLE
CHAPTER 4
Q1/ Briefly describes TWO important recent changes in the
remote environment of U.S. business in each of the following
areas: a.) Economic. b.) Social. c.) Political. d.)
Technological.
e.) Ecological
Q2/ Assume the invention of a competitively priced synthetic
fuel that could supply 25 percent of U.S. energy needs within 20
years. Assumptions include: 1. It is an American invention, 2.
It has government support. 3. Supply and price are steady.
34. In what major ways might this change the external environment
of U.S. businesses? External being a.) Economic. b.) Social.
c.) Political. d.) Technological. e.) Ecological.
GIVE AN EXAMPLE of each.
CHAPTER 5
Q1/ Explain when and why it is important for a company to
globalize. GIVE AN EXAMPLE
Q2/ Describe the four main strategic orientations of global
firms. One is ethnocentric. GIVE AN EXAMPLE OF EACH
CHAPTER 6
Q1/ What is the resource-based view of internal analysis? What
are the three different types of resources? What are three ways
resources become more valuable? GIVE AN EXAMPLE of each.
Q2/ Describe SWOT analysis as a way to guide internal
analysis. How does this approach reflect the basic strategic
management process? What are potential weaknesses of SWOT
analysis?
CHAPTER 7
Q1/ Distinguish between the following pairs of grand strategies:
You would only receive one of these pairs
a. Horizontal and vertical acquisition
35. b. Conglomerate and concentric diversification
CHAPTER 8
Q1/ What are three activities or capabilities a firm should
possess to support a low-cost leadership strategy? GIVE AN
EXAMPLE of a company that has done this?
Q2/ What are three activities or capabilities a firm should
possess to support a differentiation-based strategy? GIVE AN
EXAMPLE of a company that has done this?
Instruction:
I upload an attachment PowerPoint review from chapter 1-8 but
don’t use the same words just have an idea.
Name of the book: STRATEGIC MANAGEMENT: Planning for
Domestic & Global Competition, 13th Edition. Pearce &
Robinson
ISBN: 0078029295 / 9780078029295
The answer has to be from your own words not the same the
book or on the Internet with real life example for every question
needed.