Strategic management Chapter 1 Strategic management definition: Consisting of the analyses‚ decisions and actions an organization undertakes in order to create and sustain competitive advantages. Romantic view of leadership Situations in which the leader is the key force determining the organization´s success – or lack thereof. X: Steve Jobs On the other hand‚ when thing´s don’t go well‚ much of the failure of an organization can also be attributed to the leader. X: Nokia External
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Authenticity‚ pro-action‚ autonomy‚ collaboration and experimentation which are essential for a strong and successful organization. A culture with OCTAPACE values has the greater chance of achieving high involvement and satisfaction‚ team work‚ growth and free flow of communication within the organization 1. OPENENESS Freedom to communicate‚ share and interact without hesitation. Receiving feedback from customers and giving ideas and suggestions to team members. It helps to improved
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goal (S. P. Robbins‚ Organizational Behaviour 9ed‚ p.155). However‚ I will describe motivation as any factor which will cause an increase in my normal input into doing something‚ and with the knowledge and hope that a reward will be gained afterwards. Below are a description of what a process and a content theory of motivation are‚ their features and how each applies to the workplace. A process theory define motivation as a rational cognitive process occurring within the individual e.g.
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multiple expertise‚ and costs tens of millions of Rands. If a transformer fails‚ the cost of rectification can go as high as over 70% of the price of a new one. By so saying‚ risk management and contingency planning plays a key role in the management of such a project. In this report‚ the need and process of risk management as well as the types of risks in relation to the power transformer project are discussed. 2. PROJECT BACKGROUD A power transformer is an electrical machine used in reticulation/distribution
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In brief: This chapter gives a history of equal opportunity legislation‚ outlines defenses against discrimination allegations‚ gives examples of discriminatory practices‚ describes the EEOC enforcement process and suggests proactive programs. interesting issues: Affirmative Action programs have come under fire in recent years‚ even by some members of protected groups. A very critical issue is whether Affirmative Action represents a "leg up" assistance for those who have been historically discriminated
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Discuss how motivation theories can be applied in your work-place in order to get your work done successfully? Quote with examples to support the answer? Organizations and their managers are understandably concerned about motivation. Every manager and leader should know and work to make sure they keep their employees motivated no matter what place those employees are in their careers. Motivated employees are happy‚ productive and loyal. Motivation is a temporal and dynamic state that should
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1 MANAGEMENT PRINCIPLE‚ MANAGEMENT THEORY‚ AND MANAGEMENT PRACTICES MGMT310 American Military University Monique Outerbridge 2 Every organization utilizes different types of management techniques‚ practices‚ theories and principles. Each organization utilizes their own practices as it correlates to their organizations’ mission‚ goals and culture. What works for one organization may not work for the next. In my opinion‚ I believe that multiple management practices can work for an organization
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Organizational behavior is the science of people at work which includes many disciplines of psychology including cognitive and social psychology. The study deals with the application of psychological principles of the work organization and work setting in a very large and diverse field. The science includes an appreciation and understanding of working realities as well as of science and of oneself (Nelson & Quick 15). It affects management‚ employees‚ customers and processes in the workplace;
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the following account titles: Cash‚ Accounts receivable‚ Prepaid rent‚ Supplies‚ Delivery van‚ Truck‚ Accounts payable‚ Y’s capital. Problem # 2 On June 01 2004 Mr. Tanim started an accounting consultancy agency. The following transactions took place in the month of June: 01: Invested tk. 20‚000 as capital in the business. 04: Hired a personal secretary at a monthly salary of tk. 4‚000. 06: Purchased supplies for tk. 200 cash. 09: Paid advertising expense tk. 6‚000 cash
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Wallingford Bowling Center A group of twelve lifelong friends put together $1‚200‚000 of their own funds and built a $6‚000‚000‚ 48-lane bowling alley‚ near Norfolk‚ Virginia. Two of the investors became employees of the corporation. Ned Flanders works full-time as General Manager and James Ahmad‚ a licensed CPA‚ serves as Controller on a part-time basis. The beautiful‚ modern-day facility features a multilevel spacious interior with three rows of 16 lanes on two separate levels of the building
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