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MT 460 Week 7 Seminar

MT 460 Week 7 Seminar. Darlene Ringhand January 26, 2012. Welcome - Agenda. Unit 6 review Comments –Discussion/Homework Unit 7 Discussion Writing Expectations – Group Activity Other Good Evening!. Unit 6 Review.

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MT 460 Week 7 Seminar

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  1. MT 460Week 7 Seminar Darlene Ringhand January 26, 2012

  2. Welcome - Agenda • Unit 6 review • Comments –Discussion/Homework • Unit 7 • Discussion • Writing • Expectations – Group Activity • Other • Good Evening!

  3. Unit 6 Review • Determine why a business would choose a low-cost, differentiation, or speed-based strategy. • Explain the nature and value of a market focus strategy. • Why should a business diversify? Give a specific example. • Identify the limitations and weaknesses of the various portfolio approaches.

  4. Group Debate/Poll

  5. Unit 7 Objectives - Topics Unit Outcomes • How do short term objectives help achieve strategy implementation? • Identify the qualities of good short term objectives. How does this apply to your own experiences? • How do functional tactics differ from corporate and business strategies? • Why are short-term objectives needed when long term objectives are already available? • What are policies? • How do you use policies to empower employees? • Discuss this week’s DQ board exercise and Assignment.

  6. How do functional tactics differ from corporate & business strategies? • Specificity • Determines what needs done • Maintains focus • Time horizon-now or immediate future • Participants who develop them

  7. Why are short-term objectives needed when long term objectives are already available? • Short-term objectives align with long-term objectives • How do you eat an elephant? (one bite at a time) • How do you build a house? (one task at a time)

  8. What are policies? • Directives • Decisions • Guidance • Clarifying and giving direction

  9. How do you use policies to empower employees? • Clearly state how things should be done • Establish indirect control • Promote uniform activities • Facilitate quicker decisions • Reduce uncertainty • Provide answers to problems • Avoids hasty decisions

  10. Discussion Board Topic/Team Activity Why has outsourcing become a key element in shaping functional tactics for most firms today? As a team, choose a Fortune 1,000 company that uses outsourcing and has been successful at doing so. Work with your assigned teammates in the Team Discussion Area to create a collaborative post in this DQ board addressing the outsourcing question per your team’s company of choice. Support your finding through proper citation.

  11. Unit 7 Expectations • ReadChapter 10, Implementation. • Read Case 26, Section B, Comprehensive Cases, Scotts Miracle-Gro: The Spreader Sourcing Decision. • Complete and upload your Case Analysis Assignment. • Respond to the Team Collaboration Discussion Questions. • Attend the Seminar or complete Alternate Assignment

  12. Unit 7 Assignment • Prepare a case study analysis, Case 26, Scotts Miracle-Gro: The Spreader Sourcing Decision (PDF). • Closely follow the Case Study Analysis Template • 2 to 3 written pages • Doc Format – Submitted individually

  13. Other Issues? Unit 7 - Food for Thought! Questions? It’s a Wrap!

  14. Library Field Trip & Reference • Kucampus.kaplan.edu

  15. References • http://www2.econ.iastate.edu/classes/econ355/choi/mnc.htm (January 2012) • Pearce, John A., Robinson, Richard B. Jr., Strategic Management, 12th Edition, Chapters 4 & 5


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