NOTES MANAGEMENT

"Inserting the Team Concept into Compensation-or Not” Answer: 1 The new-pay-for-performance plan implemented by joint decision of Sandy Caldwell and Regina Cioffi created a lot of discussion and dissatisfaction at Hathaway Manufacturing. According to this new pay system, teams were to pay on the basis of their outstanding performance. There were mainly two reasons for disapproval. Firstly, the employees feel that since there is 360-degree feedback system, each one will be involved in others result. Here are the question of fairness and partiality as clear as water. Secondly, the decision about the change in pay system was decided by HR manger and CEO along without consulting the employees. So, that raises the question on the team oriented management system of the company. Hence, the new pay-for-performance system doesn't seem good. Answer: 2 In my point of view, Sandy and Regina had taken their decision of new pay-for-performance plan in order to enhance the team performance a...

A) Post Describe Kraft's competitive strategies. Kraft Foods Inc. is high value products (organic, healthy and specified). It is the world's second-largest food company, said second-quarter profit increased as improved performance in Europe and emerging markets offset weaker-than-expected sales in North America. The company's corporate strategy follows a portfolio approach. Kraft segments its portfolio into six segments: Beverages, Cheese, Refrigerated Meals, Meals & Desserts, Enhancers & Snack Nuts, and Canada. The company is in the stable stage of the corporate life cycle, with moderate sales increases and a mature market for the company's products. Kraft's the firm seeks to become a huge snacks power house and unrivaled portfolio of brands people love, eat and buy. Kraft focuses its strategy on the complementary nature the company's portfolio which is supposed to lead the brand's growth: Delight global snacks consumers. As the world's Consumer...

A) Why is it important to evaluate corporate strategies and what are 4 ways to evaluate corporate strategies? Strategic evaluations, provide an objective method for testing the efficiency and effectiveness of business strategies. A way to determine whether the strategy being implemented is moving the business toward its intended strategic objectives. Evaluations also can help identify when and what corrective actions are necessary to bring performance back in line with business objectives.  It's also required for small and mid-sized companies competing in markets that have become smaller due to technological advances that have increased the interconnection of markets. There are 4 ways to evaluate corporate strategies as below: 1) Analyze the company's industry and competitors. Describe the properties of the industry in terms of its maturity, growth rate and fragmentation (whether there are a few major players or hundreds of tiny competitors). List each of the major competitors ...

Read Strategic Management in Action: "E-books and Readers” a. Using the eight conditions, assess the level of current rivalry in this industry. b. Which of these eight conditions do you think are the most important to the level of current rivalry in this industry? Explain your rationale. c. As the industry matures, do you think the intensity of rivalry will change? Explain. The rise in the legacy of digital technology it has largely affected in the publishing industry as large number of people are shifted towards published books to the e-books. The nature of book readers have shifted from published books to the e-books. Raising in such trend of e-book readers this has given fierce competition to those companies who manufactures the e-book reading devices such as tabs, tablets etc. Amazon started its first device named Kindle in the year 2007 and after that other different manufactures such as Barnes & Noble, Apple, Sony Reader etc. are competing in the present market. a.Using ...

a. What is external analysis and what does it show managers? b. How does the concept of an organization as an open system relate to external analysis? c. What does each of the perspectives on organizational environments say? d. What role does environmental uncertainty play in external analysis? e. Why do managers need to do more than just scan the environment? 1) What is external analysis and what does it show managers? External Analysis can be defined as an analysis process that identifies the threats and opportunities for the company. In other words, managers are to conduct an external analysis. The identified opportunities and threats are to be factored in when developing strategies; that is, managers will seek to take advantage of opportunities and reduce the risk of threats, in attempts to reach the business' goals outlined in the mission. The manager's starting point will be to analyse the industry that the business operates in. There are various factors within the indus...

Brand loyalty is the degree to which consumers prefers to purchase product from the same brand from the same manufacturer repeatedly than from other suppliers. It enables the marketing during the crisis period enabling the business to run in long term. The four market group segments based on brand loyalty status are: Hardcore Loyal: These are those buyers who buy only one brand all the time. Customers show their strong desire and use the same brand always. Since they feel comfortable and sense pride by using the product, people become hardcore loyal towards the product. The more the customers are hardcore loyal, the more it represents the products strengths. For example, there are large numbers of customers who only prefer to wear and buy Nike shoes not the other brand shoes available in the market, which shows that these customers are hardcore loyal only towards the brand Nike. Split Loyal: These are those customers who are loyal to two or three brands. After making the comparison fro...

Mental accounting is the set of cognitive operations used by consumer to code, categorize and evaluate financial outcomes of choices. Researchers have found the consumer handling their money by using mental accounting. While purchasing product and services I have following mental accounts in my mind: ·Product importance and its need: Before buying the product, the very first thing I see is the need of that product and its importance in my life and accordingly I'll make the decision of buying. ·Quality:  I will also see at the product quality. If it meet the standard quality of what I am looking in that product and make the decision of buying it. ·Price: I'll also look at the price, see it reasonable or not so that I could afford, or is the price is set as per its quality and is it worth to buy in that amount, and make the decision accordingly. ·Availability: While purchasing I'll also see whether that product is easily available or not and what kinds of products of which b...