Identify the 3 types of skills needed by an effective manager, and using examples from your own work experience describe how the relative need for them might vary with levels of management.

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Management Question

  1. Distinguish the difference between engineering management and general management using examples from your own work experiences.
  2. Identify the 3 types of skills needed by an effective manager, and using examples from your own work experience describe how the relative need for them might vary with levels of management.
  3. Document the Mission Statement for your employer and discuss if it provides enough framework for you to make critical business decisions.

 

Assume you are either Mike or Josh; how would you go about making a decision using project management methodology? Explain in 250 words

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Post Graduation Adventure

Read the Case-5.2 “Post Graduation Adventure.”  from Chapter 5 “Estimating Project Times and Costs” given in your textbook – Project Management: The Managerial Process 8th edition by Larson and Gray page no: 93 also refer to specific concepts you have learned from the chapter to support your answers.

Answer the following questions.

  1. Assume you are either Mike or Josh; how would you go about making a decision using project management methodology? Explain in 250 words (5 Marks).
  2. Looking first at only cost, what decision would you make? Explain in 250 words (5 Marks).
  3. After cost, what other factors should be considered before making a decision? Explain in 250 words (5 Marks)

 

 

 

Why do Manufacturing Companies focus on Lean Thinking? What is meant by the term overproduction? Why do you think this has been described as the biggest waste of all?

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THE BENEFITS OF LEAN MANUFACTURING what lean thinking offers the process Industries

Authors Name: Melton,T

Source: In 7th World Congress of Chemical Engineering, Chemical Engineering Research and Design June 2005 83(6):662-673

Read out the research paper carefully and based on your understanding you should answer the following questions.

Questions:

  • Why do Manufacturing Companies focus on Lean Thinking? (500 words)- (5Marks)
  • What is meant by the term overproduction? Why do you think this has been described as the biggest waste of all? (500 words)- (5Marks)
  • Assess the reasons for using lean thinking. What are the benefits of using lean thinking from Suppliers to end users? (500 words) -(5Marks)

 

Why is it essential for a firm to study and understand the external environment? What are the differences between the general environment and the industry environment? Why are these differences important?

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Answer questions about management answer must be two to three sentences

  1. Why is it essential for a firm to study and understand the external environment?
  2. What are the differences between the general environment and the industry environment? Why are these differences important?
  3. What are the seven segments of the general environment? Explain the differences among them.
  4. What is a strategic group? Of what value is knowledge of the firm’s strategic group in formulating that firm’s strategy?
  5. What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?
  6. you are to identify a business current events article that comes from a quality business publication (Crains, Wall Street Journal, Forbes, Fortune, The Economist, or any other reputable business publication.) The article should relate to something in the assigned materials for the week.Once you have identified the article, post a link to the article, and prepare a 1-2 paragraph summary that links the article

 

What does this material suggest are the kinds of projects that would best suit you? What does it suggest your strengths and weaknesses are as a project manager? How can you compensate for your weaknesses?

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Interactive activity

Do an Internet search for the Keirsey Temperament Sorter Questionnaire and find a site that appears to have a reputable self-assessment questionnaire. Respond to the questionnaire to identify your temperament type. Read supportive documents associated with your type.

  • What does this material suggest are the kinds of projects that would best suit you?
  • What does it suggest your strengths and weaknesses are as a project manager?
  • How can you compensate for your weaknesses?

How does Verizon use Teradata to make decisions? How do the three sectors of Verizon work together to create value for the customer? How does Verizon use data analytics to “penetrate the market”?

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Video Case: Verizon Improves Its Customer Experience with Data Driven

Decision-Making Verizon leverages Teradata’s data analytics platform to shift its operations from qualitative decision-making to evidence-based and data driven decision-making to improve the customer experience. Visit

  • www.Teradata.com and search for the video “Verizon: Using Advanced

Analytics to Deliver on Their Digital Promise to Help Customers Innovate Their Lifestyle.”

  1. How does Verizon use Teradata to make decisions?
  2. How do the three sectors of Verizon work together to create value for the customer?
  3. How does Verizon use data analytics to “penetrate the market”?
  4. What impact does customer behavior data have on Verizon’s marketing strategy?

 

Why are human expertise and judgment important to data analytics? Give an example. What is the relationship between data quality and the value of analytics?

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Management question

1. Why are human expertise and judgment important to data analytics? Give an example.
2. What is the relationship between data quality and the value of analytics?
3. Why do data need to be put into a meaningful context?
4. How can manufacturers and health care benefit from data analytics?
5. How does data mining provide value? Give an example.
6. What is text mining?
7. What are the basic steps involved in text analytics?

 

What precipitated the on-demand economy? How is IT contributing to the success of the on-demand economy? List the six IT business objectives.

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IT contributing

  1. What precipitated the on-demand economy?
  2. How is IT contributing to the success of the on-demand economy?
  3. List the six IT business objectives.
  4. What are the key strategic and tactical questions that determine an organization’s profitability and management performance?
  5. What is a business model?
  6. What is a digital business model?
  7. Give two examples of how companies are transitioning to digital business models.
  8. What factors are driving the move to digital business models?

 

How the eight elements of a great decision help you in improving decision-making and problem-solving skills? Explain in relation with the text you learnt in the course. Use additional reference to support your argument.

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Management question

Part-I

Read the article titled as “How to Make Great Decisions, Quickly” by Martin G. Moore  published in Harvard Business Review, and answer the following Questions:

  1. Summarize the article and explain the main issues discussed in the article. (In 500-600 words)  (Marks 5)
  2. How the eight elements of a great decision help you in improving decision-making and problem-solving skills?  Explain in relation with the text you learnt in the course. Use additional reference to support your argument. (In 400-500 words)        (Marks 5)

 Part-II- Critical Thinking Question

  1. “A successful manager doesn’t just attack symptoms; he works to uncover the factors that cause these symptoms.” Explain the statement with example.  (Words 400-500)                                                 (Marks 5)

 

What is the significance of ‘What-If analysis’ in business for decision making process? Write with example. What are the basic steps of What-If analysis?

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 Interactive learning Discussion

Read the article in the following link:

https://www.toolshero.com/decision-making/what-if-… (https://www.toolshero.com/decision-making/what-if-…/)/

  • Q 1 What is the significance of ‘What-If analysis’ in business for decision making process? Write with example.
  • Q 2 What are the basic steps of What-If analysis?

Answer both questions in test your knowledge section.

Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion)