This document provides an overview of key concepts in strategic management including the canoe theory, built to last principles, good to great findings, differences between public and private organizations, features of successful strategic management, lessons learned in strategic planning, why managers don't plan, the strategic management model, and components of strategy formulation like vision, mission, values, goals and objectives. It also discusses scanning the external and internal environment, industry analysis, competitive profiling, and implementing and measuring strategies.
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, SWOT analysis, and the strategic management model. Key points include that an organization's vision should be inspiring and challenging, a mission describes the organization's current purpose and focus, values help establish organizational culture, goals support the mission by focusing on specific issues or directions, and objectives add specificity to goals by including measurable targets and timeframes.
The document provides an overview of strategic management concepts including:
- The canoe theory is presented as a metaphor for strategic management, with an organization working together towards a shared destination.
- Key concepts from books such as "Built to Last" and "Good to Great" are summarized, focusing on preserving an organization's core and level 5 leadership.
- The differences between private and public organizations are outlined in terms of their purpose, goals, financing, decision-making, and stakeholders.
- A strategic management model is presented involving scanning the environment, formulating strategy, implementing strategy, and measuring performance.
- Elements of strategy formulation like vision, mission, values, goals and objectives are defined.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
Think of your organization as a long canoe
The canoe has a destination
Everyone in the canoe has a seat and paddle
Everyone is expected to paddle
Those who won’t paddle have to get out of the canoe
Those who prevent others from paddling have to re-adjust or get out of the canoe
There are no passengers in the canoe
The canoe theory understands crisis
The canoe theory says you have the right to be happy
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, internal analysis, and the strategic management model. Key points covered include developing a vision and mission, analyzing the external PESTEL factors and industry forces, conducting a SWOT analysis of the internal environment, and formulating objectives to support the mission and goals of the organization.
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, internal analysis, and the strategic management model. Key points covered include developing a vision and mission, analyzing the external PESTEL factors and industry forces, conducting a SWOT analysis of the internal environment, and formulating objectives to support the mission and goals of the organization.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, SWOT analysis, and the strategic management model. Key points include that an organization's vision should be inspiring and challenging, a mission describes the organization's current purpose and focus, values help establish organizational culture, goals support the mission by focusing on specific issues or directions, and objectives add specificity to goals by including measurable targets and timeframes.
The document provides an overview of strategic management concepts including:
- The canoe theory is presented as a metaphor for strategic management, with an organization working together towards a shared destination.
- Key concepts from books such as "Built to Last" and "Good to Great" are summarized, focusing on preserving an organization's core and level 5 leadership.
- The differences between private and public organizations are outlined in terms of their purpose, goals, financing, decision-making, and stakeholders.
- A strategic management model is presented involving scanning the environment, formulating strategy, implementing strategy, and measuring performance.
- Elements of strategy formulation like vision, mission, values, goals and objectives are defined.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
Think of your organization as a long canoe
The canoe has a destination
Everyone in the canoe has a seat and paddle
Everyone is expected to paddle
Those who won’t paddle have to get out of the canoe
Those who prevent others from paddling have to re-adjust or get out of the canoe
There are no passengers in the canoe
The canoe theory understands crisis
The canoe theory says you have the right to be happy
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, internal analysis, and the strategic management model. Key points covered include developing a vision and mission, analyzing the external PESTEL factors and industry forces, conducting a SWOT analysis of the internal environment, and formulating objectives to support the mission and goals of the organization.
The document provides an overview of strategic management concepts including the canoe theory, vision, mission, values, goals, objectives, scanning the external environment, industry analysis, internal analysis, and the strategic management model. Key points covered include developing a vision and mission, analyzing the external PESTEL factors and industry forces, conducting a SWOT analysis of the internal environment, and formulating objectives to support the mission and goals of the organization.
The document provides an overview of strategic management concepts including:
- The canoe theory is introduced to explain how organizations work towards a shared destination when all members contribute.
- Key models and concepts in strategic management are outlined such as Built to Last, Good to Great, differences between private and public organizations, and features of successful strategic management.
- The strategic management process is defined including scanning the external and internal environment, formulating strategy through developing a vision, mission, values, goals and objectives, implementing strategies, and measuring performance.
Presentation by sivalatha sadasivam(siva sadasivam)dm618228
Sivalatha Sadasivam is a content marketing professional at HubSpot, an inbound marketing and sales platform that helps companies attract visitors, convert leads, and close customers. Previously, Rodney worked as a marketing manager for a tech software startup. He graduated with honors from Columbia University with a dual degree in Business Administration and Creative Writing.
The document provides an overview of a young executive programme on strategy. It discusses various topics related to strategy including strategic thinking vs planning, leadership and intent, business strategy, competing to organize, gaining competitive advantage and change, and globalization. The key points covered include defining strategy, the importance of strategic intent and leadership, criteria for evaluating business strategy, organizational design considerations, sources of strategic dissonance, and factors affecting global strategy development.
Corporate and Personal Strategic Planning is a Process for Reaching Professional or Personal Goals. It can be used in coaching sessions for individuals, small businesses corporate teams or corportae planning to strategize action plans
Do People Resist Change March 2015 talk at the Association for Project Manage...Assentire Ltd
This document summarizes research into resistance to change from a leadership perspective. It discusses evidence that shows 70% of change initiatives fail and resistance is often cited as the top reason. The research was based on interviews with 16 change leaders from over 55 organizations. It identified 18 symptoms of resistance to change occurring in areas of relationships/culture, personal dynamics, group dynamics, communication, and change dynamics. The implications for leadership are that changes require addressing human motivation, management styles, interpersonal skills, and organizational culture and climate to be successful. The document advocates for an integrated leadership approach considering individual, group and organizational dynamics.
The document discusses key lessons from the Harvard Business School executive education program, including an emphasis on continuous and revolutionary change to maintain growth. It contrasts leadership and management, noting that both are required for business success. Leadership involves vision, strategy, and communication, while management focuses on planning, organizing, and controlling. The document also discusses the importance of values, passion, and vision in achieving long-term profitable growth for companies like J&J, Southwest Airlines, and Walmart.
The document discusses leadership for finance professionals. It provides a leadership framework for assessing business context, industry environment, leader capabilities, and alignment between leadership style and organizational culture. It also defines common finance officer roles and competencies. Additionally, it examines trends in the role of the chief financial officer, including a greater focus on strategic planning, collaboration, and driving results. Finally, the document discusses the importance of organizational culture and provides a framework for assessing cultural alignment between individuals and organizations.
Vision and Mission - Strategic Decision MakingHarish Lunani
The document discusses strategic vision, which describes a company's intended future direction in developing and strengthening its business. An effective strategic vision delineates management's aspirations, provides a panoramic view of where the company is going, charts a strategic path, and inspires employees. Examples of strategic visions from various companies are provided to illustrate key elements and characteristics.
The document outlines three interconnected wheels - the Organisation Development Wheel, Human Resource Wheel, and Individual Freedom Wheel - that represent the external environment, internal human resource systems, and individual employees of an organization. It describes the key elements and relationships between these wheels, highlighting how foundations, culture, management, and other factors drive organizational change and development. The goal is to ensure strategic alignment between the organization, its human resource systems, and empowered individuals.
Strategy and Reward; why does Business plan for the future but reward for the...Warwick Business School
Paul Williams; Former President of the Smith& Nephew subsidiary company in Japan and member of the Senior Civil Service Pay Review Body (SSRB), presented on "Strategy and Reward; why does Business plan for the future but reward for the past?" at Warwick Business School 25/02/2008
The document discusses the key concepts of vision, mission, goals and strategies for organizations. It provides definitions and explanations for each concept: A vision describes an organization's aspirations and desired future state without specifying how to achieve it. A mission statement expresses the overriding purpose and reason for an organization's existence. Goals are qualitative targets an organization aims to achieve, and should be consistent, feasible, understandable and agreed upon. Objectives are specific, measurable targets with deadlines that help achieve goals and missions. Strategies are the plans and approaches used to pursue objectives and achieve the vision.
Rod Willis from Assentire was one of the two keynote speakers at the Great Change Debate, organised by the APM Enabling Change SIG. The presentation is entitled "Do people really resist change?"
This document discusses strategic management and planning processes. It begins by outlining the strategic management process, which involves external and internal analysis, developing a vision and mission, setting objectives, strategic options and choice, executing the plan, and performance management with feedback loops. It then discusses developing a strategic vision versus a mission statement. A strategic vision outlines where a company wants to go in the future, while a mission statement defines current operations. The document provides examples of company visions and discusses communicating the strategic vision. It also covers setting objectives, characteristics of objectives, and examples of financial and strategic objectives. Finally, it discusses internal and external analysis as part of the strategic analysis and choice process.
The document discusses the vision, mission, objectives, and goals of businesses. It defines each concept and provides examples. A vision statement outlines where an organization wants to go in the future. A mission statement explains an organization's purpose and scope. Objectives are specific and measurable targets that help track performance. Goals are intermediate targets that contribute to achieving the overall vision. Together, vision, mission, objectives and goals provide strategic direction and guidelines for an organization.
Getting your shift together making sense of organizational culture and changeDani
The document discusses the importance of measuring organizational culture and outlines a process for doing so. It notes that 75% of change initiatives fail due to cultural issues. Measuring culture can help identify positive and negative cultural aspects to enhance success. A quantitative and qualitative approach provides a clear picture of the current culture and its impact. The process involves assessing key cultural dimensions like leadership, communication, and decision-making to develop a plan for cultural change.
The document provides an overview of the evolution of strategic management thinking and practice from the 1950s to the present. It discusses how strategic management has shifted from an emphasis on budgetary planning and control to a focus on positioning, competitive advantage, innovation, and reconciling flexibility with financial control. The key stages of the strategic management process and various analytical tools and approaches are also summarized.
Leaderonomics extensive corporate learning programs that encompass Leadership Mastery, Personal Mastery, Business/Entrepreneurship Mastery and Functional Mastery.
Contact us today for more information on how you can leverage our expertise for your personal or organisation's needs.
Role and aspects of strategic managementSimran Kaur
This document discusses various aspects of strategic management including how it relates to e-commerce, marketing, finance, human resources, global competitiveness, and environmental scanning. Several frameworks and tools for analyzing the external environment are presented, such as PEST analysis, SWOT analysis, and Porter's Five Forces model. The importance of industry analysis and competitive intelligence for strategic management is also highlighted.
The document discusses key strategies for operational efficiency and managing change in organizations. It emphasizes the importance of:
1) Adapting to trends like globalization, technological shifts, and changing stakeholder expectations through a defined strategic vision and innovative approaches.
2) Fostering a dynamic culture that encourages innovation and the ability to anticipate and adjust to changes in the business environment.
3) Guiding organizational change through clear direction, urgency, momentum, and addressing resistance to change.
This document discusses key concepts in production management. It defines production management as planning and regulating operations that transform materials into finished products. The 5 P's of production management are products, plant, process, programs, and people. The objectives of production management are achieving the right quality, quantity, time, and cost. Production planning and control is described as directing and coordinating resources to achieve goals. Different types of production are discussed, including batch, jobbing, project, mass/flow, and process production. Productivity and its measurement are also covered.
The document discusses supply chain management and ethics. It provides definitions of supply chain management and how it differs from traditional purchasing by focusing on total costs and benefits for the entire chain rather than just one company. It also outlines principles for ethical behavior in supply chain management according to the Institute for Supply Management, such as avoiding conflicts of interest and unethical practices.
Presentation by sivalatha sadasivam(siva sadasivam)dm618228
Sivalatha Sadasivam is a content marketing professional at HubSpot, an inbound marketing and sales platform that helps companies attract visitors, convert leads, and close customers. Previously, Rodney worked as a marketing manager for a tech software startup. He graduated with honors from Columbia University with a dual degree in Business Administration and Creative Writing.
The document provides an overview of a young executive programme on strategy. It discusses various topics related to strategy including strategic thinking vs planning, leadership and intent, business strategy, competing to organize, gaining competitive advantage and change, and globalization. The key points covered include defining strategy, the importance of strategic intent and leadership, criteria for evaluating business strategy, organizational design considerations, sources of strategic dissonance, and factors affecting global strategy development.
Corporate and Personal Strategic Planning is a Process for Reaching Professional or Personal Goals. It can be used in coaching sessions for individuals, small businesses corporate teams or corportae planning to strategize action plans
Do People Resist Change March 2015 talk at the Association for Project Manage...Assentire Ltd
This document summarizes research into resistance to change from a leadership perspective. It discusses evidence that shows 70% of change initiatives fail and resistance is often cited as the top reason. The research was based on interviews with 16 change leaders from over 55 organizations. It identified 18 symptoms of resistance to change occurring in areas of relationships/culture, personal dynamics, group dynamics, communication, and change dynamics. The implications for leadership are that changes require addressing human motivation, management styles, interpersonal skills, and organizational culture and climate to be successful. The document advocates for an integrated leadership approach considering individual, group and organizational dynamics.
The document discusses key lessons from the Harvard Business School executive education program, including an emphasis on continuous and revolutionary change to maintain growth. It contrasts leadership and management, noting that both are required for business success. Leadership involves vision, strategy, and communication, while management focuses on planning, organizing, and controlling. The document also discusses the importance of values, passion, and vision in achieving long-term profitable growth for companies like J&J, Southwest Airlines, and Walmart.
The document discusses leadership for finance professionals. It provides a leadership framework for assessing business context, industry environment, leader capabilities, and alignment between leadership style and organizational culture. It also defines common finance officer roles and competencies. Additionally, it examines trends in the role of the chief financial officer, including a greater focus on strategic planning, collaboration, and driving results. Finally, the document discusses the importance of organizational culture and provides a framework for assessing cultural alignment between individuals and organizations.
Vision and Mission - Strategic Decision MakingHarish Lunani
The document discusses strategic vision, which describes a company's intended future direction in developing and strengthening its business. An effective strategic vision delineates management's aspirations, provides a panoramic view of where the company is going, charts a strategic path, and inspires employees. Examples of strategic visions from various companies are provided to illustrate key elements and characteristics.
The document outlines three interconnected wheels - the Organisation Development Wheel, Human Resource Wheel, and Individual Freedom Wheel - that represent the external environment, internal human resource systems, and individual employees of an organization. It describes the key elements and relationships between these wheels, highlighting how foundations, culture, management, and other factors drive organizational change and development. The goal is to ensure strategic alignment between the organization, its human resource systems, and empowered individuals.
Strategy and Reward; why does Business plan for the future but reward for the...Warwick Business School
Paul Williams; Former President of the Smith& Nephew subsidiary company in Japan and member of the Senior Civil Service Pay Review Body (SSRB), presented on "Strategy and Reward; why does Business plan for the future but reward for the past?" at Warwick Business School 25/02/2008
The document discusses the key concepts of vision, mission, goals and strategies for organizations. It provides definitions and explanations for each concept: A vision describes an organization's aspirations and desired future state without specifying how to achieve it. A mission statement expresses the overriding purpose and reason for an organization's existence. Goals are qualitative targets an organization aims to achieve, and should be consistent, feasible, understandable and agreed upon. Objectives are specific, measurable targets with deadlines that help achieve goals and missions. Strategies are the plans and approaches used to pursue objectives and achieve the vision.
Rod Willis from Assentire was one of the two keynote speakers at the Great Change Debate, organised by the APM Enabling Change SIG. The presentation is entitled "Do people really resist change?"
This document discusses strategic management and planning processes. It begins by outlining the strategic management process, which involves external and internal analysis, developing a vision and mission, setting objectives, strategic options and choice, executing the plan, and performance management with feedback loops. It then discusses developing a strategic vision versus a mission statement. A strategic vision outlines where a company wants to go in the future, while a mission statement defines current operations. The document provides examples of company visions and discusses communicating the strategic vision. It also covers setting objectives, characteristics of objectives, and examples of financial and strategic objectives. Finally, it discusses internal and external analysis as part of the strategic analysis and choice process.
The document discusses the vision, mission, objectives, and goals of businesses. It defines each concept and provides examples. A vision statement outlines where an organization wants to go in the future. A mission statement explains an organization's purpose and scope. Objectives are specific and measurable targets that help track performance. Goals are intermediate targets that contribute to achieving the overall vision. Together, vision, mission, objectives and goals provide strategic direction and guidelines for an organization.
Getting your shift together making sense of organizational culture and changeDani
The document discusses the importance of measuring organizational culture and outlines a process for doing so. It notes that 75% of change initiatives fail due to cultural issues. Measuring culture can help identify positive and negative cultural aspects to enhance success. A quantitative and qualitative approach provides a clear picture of the current culture and its impact. The process involves assessing key cultural dimensions like leadership, communication, and decision-making to develop a plan for cultural change.
The document provides an overview of the evolution of strategic management thinking and practice from the 1950s to the present. It discusses how strategic management has shifted from an emphasis on budgetary planning and control to a focus on positioning, competitive advantage, innovation, and reconciling flexibility with financial control. The key stages of the strategic management process and various analytical tools and approaches are also summarized.
Leaderonomics extensive corporate learning programs that encompass Leadership Mastery, Personal Mastery, Business/Entrepreneurship Mastery and Functional Mastery.
Contact us today for more information on how you can leverage our expertise for your personal or organisation's needs.
Role and aspects of strategic managementSimran Kaur
This document discusses various aspects of strategic management including how it relates to e-commerce, marketing, finance, human resources, global competitiveness, and environmental scanning. Several frameworks and tools for analyzing the external environment are presented, such as PEST analysis, SWOT analysis, and Porter's Five Forces model. The importance of industry analysis and competitive intelligence for strategic management is also highlighted.
The document discusses key strategies for operational efficiency and managing change in organizations. It emphasizes the importance of:
1) Adapting to trends like globalization, technological shifts, and changing stakeholder expectations through a defined strategic vision and innovative approaches.
2) Fostering a dynamic culture that encourages innovation and the ability to anticipate and adjust to changes in the business environment.
3) Guiding organizational change through clear direction, urgency, momentum, and addressing resistance to change.
This document discusses key concepts in production management. It defines production management as planning and regulating operations that transform materials into finished products. The 5 P's of production management are products, plant, process, programs, and people. The objectives of production management are achieving the right quality, quantity, time, and cost. Production planning and control is described as directing and coordinating resources to achieve goals. Different types of production are discussed, including batch, jobbing, project, mass/flow, and process production. Productivity and its measurement are also covered.
The document discusses supply chain management and ethics. It provides definitions of supply chain management and how it differs from traditional purchasing by focusing on total costs and benefits for the entire chain rather than just one company. It also outlines principles for ethical behavior in supply chain management according to the Institute for Supply Management, such as avoiding conflicts of interest and unethical practices.
This document discusses marketing promotion and the promotional mix. It defines promotion as communication with actual and potential buyers to convince them of a product's advantages. The promotional mix has four main elements: advertising, publicity, personal selling, and sales promotion. The document outlines objectives for each element and how they can be used at different stages of the buying process and product lifecycle. It also discusses integrated marketing communications and creating a promotion plan, including choosing media, setting objectives, and determining budgets.
The document provides an overview of strategic management concepts including the canoe theory, built to last principles, good to great frameworks, differences between private and public organizations, scanning the external environment, industry analysis using Porter's five forces, developing vision, mission, values and goals, and implementing and measuring strategies. It discusses models for strategic management and formulation, highlights reasons why measurement is important, and provides tips for keeping plans from sitting on shelves and developing organizational permanence around strategic management. The key takeaways are frameworks and considerations for analyzing the environment, formulating strategies, implementing plans, and measuring performance in organizations.
This document discusses human resource management. It defines HRM and its objectives, which include optimizing human resource utilization, creating conditions for employee contribution, and increasing worker efficiency through training. HRM stakeholders include society, organizations, and employees. Key HRM activities involve planning, recruitment, performance management, training, and compensation. The responsibilities of HRM lie with both managers and HRM departments. Qualities of successful HRM professionals include intelligence, impartiality, strong communication skills, understanding of people, executive ability, and salesmanship.
Asset management involves professionally investing money on behalf of clients. The largest segment is U.S. registered investment companies, which managed over $18 trillion in assets in 2014. The top five investment management firms are Vanguard, PIMCO, Capital Group, J.P. Morgan Asset Management, and Fidelity. Investors include individuals, pension funds, endowments, foundations, and insurance companies. Portfolio management follows a process of planning, execution, and feedback to meet objectives and manage risk.
This document defines key terms related to entrepreneurship and outlines the characteristics of successful entrepreneurs. It describes entrepreneurs as individuals who undertake activities like producing and selling products to generate profit. Successful entrepreneurs exhibit traits like risk-taking, perseverance, creativity, self-confidence, and a strong work ethic. The document also categorizes different types of entrepreneurs and discusses the need to promote entrepreneurship to drive economic development.
Business environment refers to the factors that influence a company's operations. The document discusses the internal and external components of a business environment. It also explains the importance of understanding the business environment, types of business environments, and the process of environmental scanning. Environmental scanning involves identifying key factors, analyzing and forecasting trends, and developing profiles to understand opportunities and threats to the business. This information is then used to inform strategic decision making and position a company for success.
This document provides an overview of international business law. It discusses the sources of international law including treaties, customary law, decisions of international organizations, and soft law. It also examines various players in international business law including states, international organizations, NGOs, and businesses. States act as rule-makers through legislation and treaties. They also participate in international trade as partners and strategic actors. States generally have immunity from jurisdiction but this immunity is subject to exceptions, especially regarding commercial activities. The document provides details on these various topics at a high level.
Here are potential responses to your questions:
1. My research topic would be "Assessing the viability and potential success of opening a coffee shop near the university and schools."
2. The problem statement could be: "There is uncertainty around whether there is sufficient demand and customer base to support a new coffee shop near the university and schools."
3. Objectives:
- Determine customer preferences and spending habits related to coffee shops
- Assess size and characteristics of potential customer base from university and schools
- Evaluate competitive landscape and identify gaps a new coffee shop could fill
4. Hypotheses:
H1: There is sufficient demand from university students and school families to support a new coffee shop.
The document provides an overview of business research, including defining what research is, the importance of research for managers, and the typical research process. It discusses key concepts like the different types of business research, problem formulation, research design, data collection and analysis, and how to structure a research report. Conducting thorough research is important for managers to solve problems, make informed decisions, understand competition and risks, and invest resources effectively. The scientific process typically involves observation, problem identification, developing a theoretical framework, generating hypotheses, research design, data collection and analysis, interpretation, and implementation.
This document outlines the course structure and grading policy for a Managerial Economics course. It will cover topics such as economic analysis, demand and supply, production analysis, and market structure. Students will be evaluated based on mid-term exams, final exams, and individual in-class assignments. The course will use economic concepts like opportunity cost, profit maximization, and marginal analysis to teach students how to make optimal business decisions under constraints.
Human Resource Management involves planning, recruiting, selecting, training, developing, and compensating employees to satisfy organizational and individual goals. The key activities include recruitment and selection, training and development, performance appraisal, and pay and benefits. HR planning involves forecasting current and future workforce needs. Effective HRM ensures all components like recruitment, selection, training, and compensation are aligned with organizational strategy. Performance appraisals provide feedback to enhance employee performance and determine rewards. A variety of pay structures and incentives can be used to motivate individual and team performance.
This document provides an introduction to financial management. It discusses the key concepts in financial management including the basic types of financial decisions managers make and the goal of maximizing shareholder wealth. It also summarizes the different forms of business organization and outlines agency problems that can arise between managers and shareholders. The document provides an overview of the major areas of finance like corporate finance, investments, financial institutions, and international finance.
This document provides an overview of contract law in India according to the Indian Contract Act of 1872. It defines key terms related to contracts such as agreement, promise, offer, acceptance and consideration. It outlines the essential elements required for a valid contract, including offer and acceptance, intention to create a legal relationship, consensus, consideration, capacity to contract, free consent, legality of object, possibility of performance, and writing and registration. It also discusses different types of contracts such as valid, invalid, express, implied, absolute, contingent, executed and executory contracts. Finally, it covers important aspects related to capacity to contract, including rules around minors and unsound persons entering into agreements.
1. The document introduces key concepts related to financial statements, including the three main forms of business organization (sole proprietorships, partnerships, corporations), the main users and uses of accounting information (internal vs external), the three principal types of business activity (investing, operating, financing), and the four main financial statements (income statement, retained earnings statement, balance sheet, statement of cash flows).
2. It also describes the purpose of each financial statement and provides examples. Additional components of an annual report are discussed such as management discussion and analysis, notes to the financial statements, and the auditor's report.
3. International Financial Reporting Standards are introduced and compared to US GAAP requirements.
The document provides an overview of business environment and its analysis. It defines business and environment, and describes the nature, objectives and types of business environment, including internal and external factors. It explains the importance of understanding the business environment and the process of environmental scanning. This involves identifying key factors, analyzing and forecasting them, and developing profiles to understand opportunities and threats to inform strategic decision making.
This document discusses human resource management. It begins by defining HRM and outlining its key objectives, which include optimizing human resource utilization, developing mutual trust between management and workers, increasing worker productivity through training, and raising employee morale. It notes that HRM is unique in that it is multidisciplinary, involving various fields like economics, psychology, sociology and law. The document then discusses the evolution of HRM in Bangladesh and who typically completes HR tasks. It outlines the key activities of HRM and identifies line managers as primarily responsible for HRM, with HR departments in a supporting role. The document concludes by listing the outstanding personal qualities needed for an effective HR manager, such as intelligence, impartiality, strong communication and
This document discusses business etiquette and proper conduct in professional settings. It defines business etiquette as the acceptable behaviors and conventions for interacting with customers, clients, coworkers and others in work-related situations. Specific etiquette tips are provided for telephone use, email communication, handshakes, behavior in open office environments, business meals, and exchanging business cards. Maintaining courtesy, respect and consideration for others is emphasized throughout as fundamental to upholding positive business etiquette.
This document outlines the course structure and content for a Managerial Economics course. It covers topics such as economic analysis, demand and supply, production analysis, cost analysis, and market structure. Students will be evaluated based on a mid-term or final exam worth 70% of the grade, and three individual in-class assignments worth 30% total. Key concepts covered include opportunity cost, economic versus accounting profits, incentives, and using marginal analysis and optimization in decision making.
The Future of E-commerce: first-hands insights.Solvd, Inc.
According to Statista, revenue in the e-commerce market is projected to reach US$4,117.00bn in 2024. New technologies and methodologies constantly influence how the e-commerce market develops and shapes itsthe future of e-commerce. The main questions are in the air: How can we stay aligned with e-commerce business owners and ensure our engineering services meet their evolving needs?
At Solvd, this question prompted a deep dive into the current e-commerce landscape. Our goal was to get information about the future of e-commerce directly from first-hand sources. In the course of our research, we explored:
- Portrait of respondents.
- Current challenges and pain points of the e-commerce industry.
- Emerging trends and upcoming opportunities.
- Human resource allocation for e-commerce projects.
- Solutions and actionable advice for business owners.
- The role of a reliable partner in problem-solving.
Explore, download, and share invaluable insights made by Solvd!
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2. CANOE THEORY
Think of your organization as a long canoe
The canoe has a destination
Everyone in the canoe has a seat and paddle
Everyone is expected to paddle
Those who won’t paddle have to get out of the
canoe
Those who prevent others from paddling have to
re-adjust or get out of the canoe
There are no passengers in the canoe
The canoe theory understands crisis
The canoe theory says you have the right to be
happy
5. GOOD TO GREAT
Level 5 Leadership
First Who…Then What
Confront the Brutal Facts
The Hedgehog Concept
A Culture of Discipline
Technology Accelerators
The Flywheel and The Doom Loop
8. FEATURES OF SUCCESSFUL
STRATEGIC MANAGEMENT
Has support of organization’s executive
officer.
Is user friendly.
Is participatory, not left to planners.
Is flexible.
Leads to resources decisions.
Engages and motivates all staff.
Is fresh and continuous, not static and
stale.
10. LESSONS LEARNED ABOUT
STRATEGIC PLANNING
Plans must be tailored to organization.
No one size ‘fits’ all.
Time to complete takes longer – expect 50% more than
planned.
Process needs a shepherd.
Visionaries needed at beginning and detail types
thereafter.
11. WHY MANAGERS DON’T PLAN
Time Consuming
High Demands
Not Rewarded
Executives Don’t Support It
Too Risky
12. STRATEGIC MANAGEMENT
MODEL
Scanning
Where are we now?
Strategy Formulation
Where do we want to be?
Strategy Implementation
How do we get there?
Measurement/Performance
How do we measure our progress?
14. VISION
Vision without Action is a Daydream
Action without Vision is a Nightmare
Not Optional
Stretch – 30+ Years
8-10 Words in length
Future State
Brief and Memorable
16. VISION EXAMPLES
“Light the Fire Within”
“A Safer Future for All Communities”
“See the Mountains – Breathe Freely”
To Be the Happiest Place on Earth
To Be the World’s Best Quick Service Restaurant
17. VISION LEVELS OF PEOPLE
Some people never see it. (Wanderers)
Some people see it but never pursue it
on their own. (Followers)
Some people see it and pursue it.
(Achievers)
Some people see it and pursue it and
help others see it. (Leaders)
John Maxwell, Developing The
Leader Within You, 1993.
19. MISSION STATEMENT
In the absence of a clearly defined direction one is forced
to concentrate on confusion that will ultimately consume
you.
20. MISSION
What is our purpose?
Describes current state
Timeline is 3-5 Years
Builds on our distinctive competencies
Tends to focus on Core Business
30-35 Words in length
21. MISSION EXAMPLES
“To Lead All Communities in Disaster
Preparedness, Mitigation, and Recovery
by Maximizing Assistance and Support.”
“Caltrans Improves Mobility Across
California.”
To produce superior financial returns for
our shareholders as we serve our
customers with the highest quality
transportation, logistics, and e-
commerce.
25. CODES OF GOVERNANCE
The Cadbury Code: 1992
Sarbanes-Oxley Act: 2002
Public Company Accounting Oversight
Board
“Triple bottom line”
Four major issues:
Ownership structure and influence
Fianacial Stakeholder rights and relations
Financial transparency and information disclosure
Board structure and processes (audit)
26. ROLE OF THE BOARD OF
DIRECTORS
Monitor
Evaluate and influence
Initiate and determine
Organization of Board
Insiders versus outsiders
CEO/chair position
Committees’ Effectiveness
27. ROLE OF TOP MANAGEMENT
TEAM
Who is the TMT?
Executive Leadership and Strategic
Vision
Articulates strategic vision for corporation
Sets the model for others to identify and
follow
Communicates high performance standards
and builds confidence in followers’ abilities to
meet standards
Managing strategic planning process
33. STRATEGIC MANAGEMENT
MODEL
Scanning:
Where are we now?
Macro Analysis (STEP, PESTEL, ETC.)
Industry Analysis – Competitive Intelligence
SWOT Analysis
Internal versus
External Elements
34. WHY SCAN?
To know your position in the
environment
To respond effectively to constant
change
To see the organization as a whole
To avoid surprises
To survive
To lay the foundation for strategic
issues
36. SOCIO-CULTURAL VARIABLES
Lifestyle Changes
Career Expectations
Regional Shifts in Population
Life Expectancies
More women in workforce
Greater concern for fitness
Postponement of family formation
Increase in temporary workers
37. TECHNOLOGICAL VARIABLES
Total Federal Spending for R&D
Total Industry Spending for R&D
Focus of Technological Efforts
Patent Protection
Wireless Communications
Nanotechnology
Productivity Improvements
Genetic engineering
38. ECONOMIC VARIABLES
GDP Trends
Interest Rates
Money Supply
Inflation Rates
Unemployment Levels
Wage/Price Controls
Energy Availability & Cost
Disposable & Discretionary Income
39. POLITICAL-LEGAL VARIABLES
Antitrust Regulations
Tort Reform
Environmental Protection Laws
Taxation at local, state, federal levels
Hiring and Promotion Laws
Americans Disabilities Act of 1990
Sarbanes-Oxley Act of 2002
41. GLOBAL VARIABLES
Increasing Global Trade
Currency Exchange Rates
Emergence of Indian and Chinese Economies
Trade agreements (NAFTA, EU, ASEAN)
Creation WTO
43. INDUSTRY ANALYSIS
6 Forces Analysis
Industry Competitors
Suppliers/Vendors
Customers/Clients
Potential New Entrants
Substitutes
Other Stakeholders
Role of Complementors
44. NEW ENTRANTS AND ENTRY
BARRIERS
Absolute cost advantages
Access to inputs
Government policy
Economies of scale
Capital requirements
Brand identity
Switching costs
Access to distribution
Proprietary products
45. BUYER POWER (CHANNEL AND
END CONSUMER)
Buyer volume and information
Brand identity
Price sensitivity
Threat of backward integration
Product differentiation
Substitutes
50. ROLE OF COMPLEMENTORS
Number of complements
Relative value added
Difficulty of engaging complements
Buyer perception of complements
Complement exclusivity
Tend to increase profits by increasing demand for an
industry’s products
60. GOAL
Supports the Mission
Deals with One Issue or Item of Focus
Reflects a primary activity or strategic direction
Describes the “To Be” State
“BHAG”
Encompasses a long period, i.e. at least 3 years
61. GOAL EXAMPLES
Achieve excellence in the delivery of
disaster recovery and mitigation
programs.
Professionally develop our employees as
a reflection of DAD’s key attributes and
values.
Increase the supply of housing,
especially affordable housing.
Become a model for customer service.
To provide benefits in correct amounts
and issued in a timely manner.
66. STRATEGIC OBJECTIVE
EXAMPLES
By June 30, 2005 achieve 75% rating on
the DAD service index from all
stakeholders.
Increase sales growth 6-8% in the next 5
years. (P&G)
Cut corporate overhead costs by $30
million per year. (Fortune Brands)
Operate 6,000 stores by 2010 – up from
3,000 in the year 2000. (Walgreen’s)
Reduce greenhouse gases by 10 percent
(from a 1990 bast) by 2010. (BP Amoco)
75. PARABLE OF THE BAMBOO
It takes patience and discipline to
develop and empower people; in fact,
it’s like growing bamboo. Once the seed
is planted, you must water it daily for
four years before the tree breaks ground
– then it grows 60 feet in 90 days!
Executives who nurture people can get
similar results…How, you ask, can such
rapid growth be possible? It results from
the miles of roots that develop in those
first four years. Preparing people to
perform is the task of leadership.
78. DEFINITIONS
Goal: Broad, General BHAG
Outcome: Desired end result and report
performance
Objective: What and When
Measure: A quantified unit that
assesses progress or achievement
79. GOOM EXAMPLE
Goal 1: Achieve excellence in the delivery
of disaster recovery and mitigation.
Outcome: Increased Customer Satisfaction
Objective 1.1: By June 30, 2005, achieve 75%
rating on the DAD Service Index from all
stakeholders.
Measure: DAD Service Index (DSI)
81. Work Action Plan Template
Sponsor: Completion Date
Organization:
n.n Goal
Outcome
n.n Objective
Measure
Task Description Team Lead Staff Hours Completion
Date
Plan-
Do-Check-Act
84. WHY MEASURE?
Proactive Reasons
Makes us more responsive to public
needs
Provides feedback on mission
accomplishment
Creates blueprint for linking budget to
outcomes
Good management and good public
policy
85. MEASUREMENT /
PERFORMANCE
How do we measure our progress?
5 Types of Measures
Input
Output
Outcome
Quality
Efficiency
86. INPUT MEASURE
Amount of resources needed to provide a
particular product or service.
Examples:
Number of FTEs or PYs
Number of eligible clients
Number of customers requesting service
Number of applications received
Number of sales orders received
87. OUTPUT MEASURE
Amount of products or services provided
Examples:
Percent of highways resurfaced
Number of police reports filed
Number of vaccinations given to school-
age children per year
Number of shafts produced in a single
operating shift
88. OUTCOME MEASURE
Reflect the actual results achieved and/or
their impact or benefit.
Examples:
Reduction in incidence of disease
Percentage of discharged patients living
independently
Percent of increase in tourists
Percent of monthly programmed sales
orders filled on time
89. QUALITY MEASURE
Reflect the effectiveness in meeting the
expectations of customers and
stakeholders
Examples:
Number of defect reports compared to
number of reports produced
Number of course ratings in highest
category related to total number of
course ratings
90. EFFICIENCY MEASURE
Also known as productivity measures. Reflect the cost of
providing products or services.
Examples:
Output/Input
Output/Time
Output/Cost
Outcome/Cost
91. KEEPING PLANS OFF THE
SHELF
All Staff Meeting
Announce Phases
Review and Assess Plans at Quarterly Sessions
Sponsors and Team Leads for Strategic Goals and
Strategic Objectives
Deming Philosophy – PDCA
92. DEVELOPING BENCH
STRENGTH
“Drill Down” Application
Sponsors, Team Leads, and Team Members
Work Action Plan
“Project” Champion
Leadership Training
Leadership Conference Presentations