Is the statement easy to read? Mention the scope of the mission statement. Does the statement define a business domain and explain why it is attractive?

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MGT101 Entrepreneurship & mission statements

PART I

Read the given case information and answer the questions that follow.

[Source: business.timesonline.co.uk (adapted)]

Bangalore Enterprise Blossoms

Rama Karaturi had the idea for his rose-growing business. When he searched the city of Bangalore, in India, without success, for a bouquet of roses for his wife’s birthday. The city was a rose-free zone, so he decided to start growing them himself. He had wanted to take decisions for himself for some time and he also wanted to earn much more than his current salary. In 1996, he opened two greenhouses growing just roses. He used his own savings so took a considerable risk, but his confidence in the growth of ‘flower giving’ at times of major festivals encouraged other investors too. He sold the flowers in India, but his business also became one of the first in India to start exporting flowers on a large scale. Rama worked long hours to make his business a success. The business, called Katuri Networks, has grown at a tremendous rate, helped by Rama’s all-round business skills. He recently bought out a large rose grower in Kenya and his business is now the world’s largest cultivator of roses – and Rama achieved this in a little over ten years.

Questions

1. Rama is an example of a ‘Business Entrepreneur’. Explain what is meant by this term. [3]

2. Explain any two problems Rama’s business might have experienced during the set-up stage. [4]

 

 

Part II

A mission statement is a brief description of why a company or organization exists. It tells the purpose of being. It explains what the company does, who it serves, and what differentiates it from competitors. It’s used to provide focus, direction, and inspiration to employees while it tells customers or clients what to expect from the business.

Mission statements vary widely from one company to another. One mission statement could be better than the other.

Questions

Q 3. Using the Internet, find and write the mission statements of three different organizations, (it can be Profit or Non-Profit Organizations).

Evaluate any one mission statement which you find best using the following questions. [5]

  • Is the statement easy to read? Mention the scope of the mission statement.
  • Does the statement define a business domain and explain why it is attractive?
  • Does the statement describe the company’s responsibility to its stakeholders?
  • Does the statement give a portrait of the company, capturing the culture of the organization?

Q 4. Which mission statement you find the best among the three? Why? [3]

Explain the characteristics of conscious leadership as defined by Mackey and Sisodia. Provide citations to strengthen your claims. Choose two historical management theories and explain their influence on the field of organizational behavior. Provide citations to strengthen your claims.

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Self assessment

The purpose of this assignment is to conduct a variety of self-assessments to learn more about yourself and identify your assets and weaknesses as a leader. This will assist you in discovering how you can improve your own self-leadership skills.

To begin, explore the conscious capitalism resources provided and conduct additional research on the principle of conscious leadership.

You will also utilize the data gathered from the following self-assessments provided in the topic Resources:

  1. “The VARK Questionnaire”
  2. “Cultural Competency Self-Assessment”
  3. “Rokeach Values Survey”

Write a reflection of 1,000-1,250 words in which you discuss the following:

  1. Explain the characteristics of conscious leadership as defined by Mackey and Sisodia. Provide citations to strengthen your claims.
  2. Choose two historical management theories and explain their influence on the field of organizational behavior. Provide citations to strengthen your claims.
  3. Describe the importance of self-awareness, self-concept, and emotional intelligence and the role they play in enabling effective conscious leadership and effective self-leadership. Provide citations to strengthen your claims.
  4. Briefly summarize the results of each assessment you completed: “The VARK Questionnaire,” “Cultural Competency Self-Assessment,” and “Rokeach Values Survey,” provided in the topic Resources. In general, do you believe the results represent who you are as a leader? How will the results inspire you to be a conscious leader? Explain.
  5. Briefly, conduct a self-reflection in which you answer the following questions: (a) What insights have you gained about yourself after taking the assessments? (b) How could this knowledge influence your values, attitude toward others, and how you approach new tasks in the workplace? (c) What have you learned about what it takes to lead others or how you respond to the management tactics of others within the workplace? (d) What have you learned about your ability to lead others within the workplace?
  6. Explain the value of analyzing organizational behavior from the individual, group, and organizational perspective. How do your self-assessment results contribute to this? Provide citations to strengthen your claims.

Use a minimum of four scholarly sources to support your analysis and reflection.

Do you agree with any of these ideas about risk? Which one(s) and why? How would you define your feelings about risk? Are you willing to take greater or lesser risks depending upon what role you are playing at the time?

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Risk Management

  • The policy of being too cautious is the greatest risk of all.
    Jawaharlal Nehru (1889 – 1964)
  • There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.
    John F. Kennedy (1917 – 1963)
  • Never put yourself in a position that will put yourself at risk if you make the wrong decision. We spent cash on everything. It’s fashionable to make ‘bet the company’ decisions, but don’t do it.
    Joel Spolsky, Sink or Swim, SXSW 2006
  • Progress always involves risk; you can’t steal second base and keep your foot on first base.
    Frederick Wilcox

These are four views of risk. Do you agree with any of these ideas about risk? Which one(s) and why? How would you define your feelings about risk? Are you willing to take greater or lesser risks depending upon what role you are playing at the time?

What determines the level of competitive intensity in an industry? How can a decision maker identify strategic factors in a corporation’s external international environment?

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Strategic Management (MGT 401)

Critical Thinking:

Question 1. (8 marks)

What is a learning organization? Discuss why is this approach to strategic management better than the more traditional top-down approach in which strategic planning is primarily done by top management.    3 marks (max 350 words)

Give an example of a learning organization from the SAUDI market. Describe the mission statement and vision of this organization. In which way this organization is considered a learning organization? Is it successful? What are the main problems faced by this organization to implement this approach?   Justify.  5 marks (max 350 words)

 

Question 2. (7 marks)

Refer to Porter’s forces driving industry competition to answer the following questions: (max 500 words)

  1. In your opinion, what is/are the most important force(s) in Porter’s industry forces? Why? 1 mark
  2. What determines the level of competitive intensity in an industry?  1 mark
  3. How can a decision maker identify strategic factors in a corporation’s external international environment?  1 mark
  4. What are the main limits and drawbacks of Porter’s forces? 1 mark
  5. Choose an example of an organization from the Saudi market and draw the matrix of Porter’s forces. What is the main force in this case? Assess the competitive advantage of your chosen organization in relation to these forces. Suggest solutions to improve its position in the market 3 marks

 

Note. To improve your answers, you are requested to use at least 5 recent scientific references, following the APA style.

Discuss: “The equilibrium output is an efficient allocation of resources. Hence laissez-faire is the best policy”.

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Interactive eco

Discuss: “The equilibrium output is an efficient allocation of resources. Hence laissez-faire is the best policy”.

Note:-You are required to reply to at least two peer responses to this week’s discussion question. Your replies need to be substantial and constructive in nature.

Explain the role of rational and intuitive cognition in the theory and practice of management. Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time.

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MGT425-Spreadsheet Decision Modeling

Assignment Questions: (Marks 15)

Read the above case study and answer the following Questions:    

Question 1: Explain the role of rational and intuitive cognition in the theory and practice of management. (250-300 words) (3-Marks).

Question 2: Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time. (250-300 words). (3-Marks).

Question 3: Discuss the inadequacy of the management theory in relation to problems faced by management practitioners in the decision-making process. (250-300 words) (3-Marks).

Question 4: Explain the various stages of problem-solving process with suitable examples. (250-300 words) (3-Marks).

Question 5: What is your learning from this study and how it is beneficial for you? (250-300 words) (3-Marks).

Is the statement easy to read? Mention the scope of the mission statement. Does the statement define a business domain and explain why it is attractive? Does the statement describe the company’s responsibility to its stakeholders?

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Principles of Management

Assignment-1

PART I

Read the given case information and answer the questions that follow.

[Source: business.timesonline.co.uk (adapted)]

Bangalore Enterprise Blossoms

Rama Karaturi had the idea for his rose-growing business. When he searched the city of Bangalore, in India, without success, for a bouquet of roses for his wife’s birthday. The city was a rose-free zone, so he decided to start growing them himself. He had wanted to take decisions for himself for some time and he also wanted to earn much more than his current salary. In 1996, he opened two greenhouses growing just roses. He used his own savings so took a considerable risk, but his confidence in the growth of ‘flower giving’ at times of major festivals encouraged other investors too. He sold the flowers in India, but his business also became one of the first in India to start exporting flowers on a large scale. Rama worked long hours to make his business a success. The business, called Katuri Networks, has grown at a tremendous rate, helped by Rama’s all-round business skills. He recently bought out a large rose grower in Kenya and his business is now the world’s largest cultivator of roses – and Rama achieved this in a little over ten years.

Questions

  1. Rama is an example of a ‘Business Entrepreneur’. Explain what is meant by this term. [3]
  2. Explain any two problems Rama’s business might have experienced during the set-up stage. [4]

Part II

A mission statement is a brief description of why a company or organization exists. It tells the purpose of being. It explains what the company does, who it serves, and what differentiates it from competitors. It’s used to provide focus, direction, and inspiration to employees while it tells customers or clients what to expect from the business.

Mission statements vary widely from one company to another. One mission statement could be better than the other.

Questions

Q 3. Using the Internet, find and write the mission statements of three different organizations, (it can be Profit or Non-Profit Organizations).

Evaluate any one mission statement which you find best using the following questions. [5]

  • Is the statement easy to read? Mention the scope of the mission statement.
  • Does the statement define a business domain and explain why it is attractive?
  • Does the statement describe the company’s responsibility to its stakeholders?
  • Does the statement give a portrait of the company, capturing the culture of the organization?

Q 4. Which mission statement you find the best among the three? Why?  [3]

Discuss some of the ways in which the passage of the Patient Protection and Affordable Care Act (PPACA) has affected the way in which employers provide health care benefits to employees.

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CMRJ601 Questions

1 Summarize the four activities that can help minimize discriminatory performance appraisal practices.

2 Compensation represents both the intrinsic and extrinsic rewards employees receive for performing their jobs. Together, both intrinsic and extrinsic compensation describe a company’s total compensation system. Briefly describe both types of rewards and indicate the professionals who are responsible for managing them.

3 In which settings are person-focused pay programs likely to be found? What are the two most important reasons for adopting person-focused pay?4 List and discuss four possible limitations of merit pay programs. How can a company overcome these limitations?

5 Briefly discuss the components of legally required benefits. How can HR managers minimize the costs that are associated with legally required benefits

6 What are the strategic issues involved with contingent and flexible workers for a company pursuing a lowest cost strategy?

7 Discuss some of the ways in which the passage of the Patient Protection and Affordable Care Act (PPACA) has affected the way in which employers provide health care benefits to employees.

8 When working with expat compensation: Explain headquarters-based method to calculate expatriates based pay. Which incentive might work better for this method? What is the balance sheet approach? When is its use most appropriate?

What is the management/leadership dilemma or opportunity that could be investigated? What is the purpose of my project? What assumptions would underline such a problem? Are there any existing data directly relevant to the research problem?

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MGMT600 Topic Proposal

  • Sets out problem and purpose of the research
  • Includes Introduction, Problem Statement, Purpose of the Study, Research Questions, Scope/Limitations/Delimitations.
  • Begins with a problem (an unanswered question) related to a topic of interest.

As you think about your topic of interest, answer these questions:

  • What is the management/leadership dilemma or opportunity that could be investigated?
  • What is the purpose of my project? What assumptions would underline such a problem?
  • Are there any existing data directly relevant to the research problem?
  • If so, can you access the data necessary to address the research problem? If not, how can you collect the necessary data?
  • How will you interpret the meaning of the data as they relate to the problem statement?

How effective is large group interventions from your point of view? Discuss some of the issues associated with organization process interventions. Briefly explain Organization Confrontation Meeting in your own words and discuss why it is important.

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Discussion

Subject MGT325

Action Required:

Watch the short video in the following link

(Question):

  • List the many types of collaboration, their tradeoffs, and an explanation of each type of collaboration.

 

Subject MGT403

Action Required:

  • Watch the short video in the following link and answer the question given in test your knowledge section.

https://www.youtube.com/watch?v=DNUwZctwwhw

(Question):

  • Q: Briefly describe the main points highlighted in the video.

 

Subject MGT404

Recommended Readings:

Lambrechts, Frank & Grieten, Styn & Bouwen, R. & Corthouts, Felix. (2009). Process Consultation RevisitedTaking a Relational Practice Perspective. The Journal of Applied Behavioral Science. 45. 39-58. 10.1177/0021886308326563.

https://www.researchgate.net/publication/253528226_Process_Consultation_RevisitedTaking_a_Relational_Practice_Perspective

Cox, Tom & Taris, Toon & Nielsen, Karina. (2010). Organizational interventions: Issues and challenges. Work and Stress – WORK STRESS. 24. 217-218. 10.1080/02678373.2010.519496.

https://www.researchgate.net/publication/241734232_Organizational_interventions_Issues_and_challenges

Question):

  • How effective is large group interventions from your point of view?
  • Discuss some of the issues associated with organization process interventions.
  • Briefly explain Organization Confrontation Meeting in your own words and discuss why it is important.