Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.

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  • Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
  • Create a plan to implement a firm’s strategy and manage the change from current operations.
  • Analyze strategies for exerting the internal leadership needed to drive the implementation of strategic initiatives and improve operating excellence.
  • Use technology and information resources to research issues in strategic management.
  • Write clearly and concisely about strategic management using proper writing mechanics.

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Developing Your Empowering People

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Read the “Developing Your Empowering People (Delegating) Skill” Skills Exercise at the end of Ch. 10 of Management. 

Discuss the scenario with your Learning Team. 

Consider the five behaviors described for delegating to determine how to handle the scenario. 

Prepare a 350- to 1,050-word paper detailing how your team would handle the situation described in the scenario. 

Click the Assignment Files tab to submit your assignment.

 

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Which of the following describes the leadership style in which a leader tends to centralize authority, dictate work methods, make unilateral decisions, and limit employee participation?

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1. Which of the following describes the leadership style in which a leader tends to centralize authority, dictate work methods, make unilateral decisions, and limit employee participation?

2. The ________ style of leadership describes a leader who tends to value employee participation, including in such areas as decision making and deciding on work methods and goals.

3. Which of the following describes the leadership style in which the leader generally gives the group complete freedom to make decisions and complete the work in whatever way it sees fit?

4. The ________ model proposed that the results of the least-preferred coworker questionnaire could determine whether someone was relationship or task oriented, and these results would determine effectiveness of group performance.

5. Which leadership model proposed that the final component in the model is the four stages of follower readiness, and different levels of follower readiness call for a different leader–follower relationship?

6. According to Hersey and Blanchard, a low task–high relationship situation calls for the ________ leadership style.

7. When Alan Jackman got promoted as the head of the sales team at Mac Software Inc., he chose three of his closest friends in the team to form the core sales group with him. Which of the following predictions would be consistent with the leader-member exchange theory?

8. Which of the following is an accurate statement about managers transferring into the role of effective team leaders?

9. Rachel Keller’s colleagues and subordinates have a high regard for her. They know that Rachel can help them meet their goals, and she is always willing to reward them when they do. What her subordinates like best about Rachel is that they know she appreciates their work by the team lunches she often holds. Which of the following best describes Rachel’s leadership style?

10. Which of the following is the type of power a person has because of his or her level of authority in the business?

11. Sam Meyers manages a telemarketing call center. He has 20 employees working for him who are displeased with the way he yells and threatens to terminate them for what they see as small issues. Which kind of power is Sam using to get the job done?

12. Marsha Lewis is the manager at a fast-food establishment, managing a staff of 25 employees. Many of her staff members are extremely impressed with how she handles her work, and they emulate Marsha’s behaviors and actions in working with others. The team believes Marsha is fair and understanding, and she always promotes from within when employees have been performing well. Which two sources of power does Marsha use in this example?

13. What performance measure considers the efficiency and effectiveness of employees?

14. What aggregate measure allows managers to assess how happy an employee is with the many different factors at his or her job?

15. When an employee volunteers to run a canned food drive, this is an example of

16. In the Big Five Model of personality, an employee who is good-natured and highly cooperative, would be referred to as scoring high in the trait of ________.

17. In the Big Five Model of personality, conscientiousness refers to ________.

18. Susan is often described as being fascinated by many things, including outdoor activities, inventive art exhibits, and books by up-and-coming authors. According to the Big Five Model of personality, Susan would be described as ________.

19. ________ theory gauges whether a person’s behavior shows distinctiveness, consensus, and consistency.

20. Garth manages a team of 5 salespeople. One of the salespeople, Robert, has been late to work for the past few days. If Garth attributes Robert’s tardiness to a lack of caring about his job versus Robert having to drop his wife at work, Garth is using the________.

21.

At work today, Tanya received the good news that the team she was part of secured a winning bid for her company to serve as the architect partner for a new shopping mall. Tanya also received the bad news that the transmission on her car must be replaced. Tanya credits the good news to her ability to complete work on time and the bad news to the poor craftsmanship of her car. Tanya is exhibiting a(n) ________.

 

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Select one team member’s company that he or she used to complete the Organizational Planning assignment.

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You are a team of managers at a company. Upper management is concerned that the structure of the division your team manages is not accomplishing goals as efficiently as it could. As a result, upper management has tasked you to review the current organizational structure for efficiency and recommend needed changes.

Your team notices the organizational chart has not been recently updated. To begin the task, your team must create an up-to-date organizational chart to determine the efficiency of the current structure. Then, you must create a new organizational chart that represents the recommended structural changes. You will then present recommendations and rationale to upper management. Complete the following tasks to prepare for your meeting with upper management.

Select one team member’s company that he or she used to complete the Organizational Planning assignment.

Identify the selected company’s current organizational structure. 

Create anorganizational chart in Microsoft® PowerPoint® for the current structure of the selected company. 

Discuss,with your team, any structural changes or adaptations to the existing structures that you think should be recommended to improve that company’s efficiency and effectiveness.

Decide,as a team, what structural changes or adaptations should be recommended. 

Create an organizational chart in Microsoft® PowerPoint® for the recommended structure of the selected company. 

Justify your team’s recommendations in a paper of no more than 1,050 words. If your team recommends that the company structure remain the same, defend your decision. Based on the team’s decision, your paper must also include the following:

  • Describe the work that must be completed to accomplish the recommended changes or adaptations. If no changes are recommended, explain what work is currently being done and why it is successful.
  • Describe how the work could be done most effectively. Would the work be completed by individuals, teams, or a combination of both? If no changes are recommended, explain how the work is being completed and why the current method is successful.
  • Justify the selection for how the work could be done and describe the approach that should be used.

Format your paper consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

 

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Complete the Assignment section of the Balanced Scorecard Module to evaluate the performance of the organization against established standards

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Review the Example and Practice sections of the Balanced Scorecard Module to practice reading and evaluating the information it presents.

Complete the Assignment section of the Balanced Scorecard Module to evaluate the performance of the organization against established standards. Complete the following:

  • Identify the performance gaps.
  • Recommend actions to reduce performance gaps.

Note. The Balanced Scorecard Module will give you an option to save your assignment in a document on your desktop. 

Click the Assignment Files tab to submit your assignment.

 

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Weekly Reflection

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Weekly Reflection

Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Prepare a 350- to 1,050-word paper detailing the findings of your discussion.

Click the Assignment Files tab to submit your assignment.

 

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Health Policy Analysis

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The major written assignment, a Health Policy Analysis, is due in Week Six. Completion of this paper will involve research utilizing selected websites and the Ashford Online Library.

You are employed as an analyst in a state governor’s office and have been asked to write a 15 to 20 page health policy analysis. Your analysis will include the following;

  1. Problem Statement: A one to three sentence question in which you succinctly identify a health-related problem. Do not include any recommendations in your problem statement, but rather phrase your problem statement so that it lends itself to an analysis that considers several options.
  2. Background: Explain why the problem has been selected for analysis. Provide statistics and background data to document the scope and nature of the problem.
  3. Landscape Identification: Identify the key stakeholders and the factors that must be considered e.g. political, social, economic, practical, and legal factors when analyzing the problem. For each factor, your analysis should discuss relevant views of the identified stakeholders. You may organize this section by stakeholder or by factor. Some stakeholders may not have relevant views for all of the factors, but each stakeholder must be addressed as often as necessary to convey his/her policy position. The tone of the landscape section should be neutral and objective.
  4. Alternatives Section: Provide three to five options to consider. This section is not just a statement of choices, but an analysis of each alternative by stating the positive/negative and pro/con aspects of pursuing each option. Analyze all your options equally, and avoid providing more detail for the option you plan to recommend. This section should be completely objective. In completing your alternatives section, you may wish to utilize any of the following criteria in your analysis: cost, cost-benefit, political feasibility, legality, administrative ease, fairness, timeliness, and/or targeted impact. Identify and evaluate the impacts of these processes e.g. persons served, lives saved, hospital days avoided, andpeople screened.
  5. Side-by-side Tables of the Alternatives: Create descriptive or analytic tables of your alternatives in which you summarize key information. A descriptive table would provide a description of each option but not provide any analysis. An analytic table would assess the option based on the criteria chosen. Make sure to clearly label your tables.
  6. Recommendations: Select one of your alternatives, and clearly differentiate it as the best option, making sure to provide a detailed explanation as to why it is preferred over the other options. Weigh the data/evidence and analyze it in terms of technical feasibility, political feasibility, or economic and financial viability. In addition, also identify what, if any, actions may be taken to mitigate or overcome the negative aspects of your selected recommendation. (You presented these in your Alternatives Section) Do not make a hybrid recommendation of multiple options, as you must select only one option. Therefore, your explanation/justification of your selected option needs to be fairly detailed and include data to support it.)
  7. Implementation Strategy: Identify steps to manage the policy process to gain public, professional, and/or consumer support for change and backing of the most appropriate alternative. How will you assure that key implementers and/or consumers buy into the process? How will conflicting interests be mediated?
  8. Implementation Planning: Identify, analyze, evaluate, and justify steps to assure successful implementation of your recommended alternative. How will you determine if the recommended alternative was an improvement?
  9. Reference page: Utilize a minimum of 10 to 15 scholarly and/or peer-reviewed sources that were published within the last five years. All sources must be documented in APA style, as outlined in the Ashford Writing Center.

Writing the Final Project

The Final Project:

  1. Must be 15 to 20 double-spaced pages (excluding title and reference pages), and formatted according to APA style as outlined in the Ashford Writing Center.
  2. Must include a title page with the following:
    1. Title of paper
    2. Student’s name
    3. Course name and number
    4. Instructor’s name
    5. Date submitted
  3. Must begin with an introductory paragraph that has a succinct thesis statement.
  4. Must address the topic of the paper with critical thought.
  5. Must end with a conclusion that reaffirms your thesis.
  6. Must use at least ten scholarly and /or peer-reviewed sources, published within the last five years, including a minimum of three from the Ashford University Online Library.
  7. Must document all sources in APA style, as outlined in the Ashford Writing Center.
  8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.
 

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Operation Security

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Describe how you do or could use operations security in your current job.  Be sure to describe your job role (or desired job role).  Your goal in completing this assignment is to demonstrate how you can apply what you learned to real situations in the workplace.  

If you are currently unemployed or in a job in which you are not able to apply the class concepts, define the job you are looking to apply for and how you would use operation security in that job position

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Hershey Company

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Hershey Company
Go the Hershey website  to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining. 

In at least one paragraph, describe the costing system that you would recommend Hershey use  to account for its cost of goods sold and why. Include a few product costs you think would be traceable, which costs should be allocated, and how Hershey should account and apply the manufacturing overhead costs
Carefully review the Grading Rubric for the criteria that will be used to evaluate your journal entry.

Week Four Problems

1. Comprehensive budgeting

The balance sheet of Watson Company as of December 31, 20X1, follows.

WATSON COMPANY
Balance Sheet
December 31, 12X1
Assets
Cash$4,595
Accounts receivable10,000
Finished goods (575 units x $7.00)4,025
Direct materials (2,760 units x $0.50)1,380
Plant & equipment$50,000
Less: Accumulated depreciation10,00040,000
Total assets$60,000
Liabilities & Stockholders’ Equity
Accounts payable to suppliers$14,000
Common stock$25,000
Retained earnings21,00046,000
Total liabilities &. stockholders’ equity$60,000

The following information has been extracted from the firm’s accounting records:

1.      All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units.

2.      Management wants to maintain the finished goods inventory at 30% of the following month’s sales.

3.      Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months. Management wants to maintain the ending direct materials inventory at 60% of the following month’s production needs.

4.      Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month.

5.      Watson’s product requires 30 minutes of direct labor time. Each hour of direct labor costs $7.

Instructions:

a.       Rounding computations to the nearest dollar, prepare the following for January through March:

1) Sales budget

2) Schedule of cash collections

3) Production budget

4) Direct material purchases budget

5) Schedule of cash disbursements for material purchases
6) Direct labor budget

b.      Determine the balances in the following accounts as of March 31:

1) Accounts Receivable

2) Direct Materials

3) Accounts Payable

2. Basic flexible budgeting Centron, Inc., has the following budgeted production costs:

Direct materials$0.40 per unit
Direct labor1.80 per unit
Variable factory overhead2.20 per unit
Fixed factory overhead
Supervision$24,000
Maintenance18,000
Other12,000

The company normally manufactures between 20,000 and 25,000 units each quarter. Should output exceed 25,000 units, maintenance and other fixed costs are expected to increase by $6,000 and $4,500, respectively.

During the recent quarter ended March 31, Centron produced 25,500 units and incurred the following costs:

Direct Materials$10,710
Direct Labor47,175
Variable factory overhead51,940
Fixed factory overhead
     Supervision24,500
     Maintenance23,700
     Other16,800
Total production costs$174,825

Instructions:

a.       Prepare a flexible budget for 20,000, 22,500, and 25,000 units of activity.

b.      Was Centron’s experience in the quarter cited better or worse than anticipated? Prepare an appropriate performance report and explain your answer.

c.       Explain the benefit of using flexible budgets (as opposed to static budgets) in the measurement of performance.

3. Straightforward variance analysis

Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows.

Direct materials: 4 units @ $6.50$26.00
Direct labor: 8 hours @ $8.5068
Variable factory overhead: 8 hours@ $7.0056
Fixed factory overhead: 8 hours@ 2.520
Total standard cost per unit$170.00

The following information pertains to activity for December:

1.      Direct materials acquired during the month amounted to 26,350 units at $6.40 per unit. All materials were consumed in operations.

2.      Arrow incurred an average wage rate of $8.75 for 51,400 hours of activity.

3.      Total overhead incurred amounted to $508,400. Budgeted fixed overhead totals $1.8 million and is spread evenly throughout the year.

4.      Actual production amounted to 6,500 completed units.

Instructions:

a.       Compute Arrow’s direct material variances.

b.      Compute Arrow’s direct labor variances.

c.       Compute Arrow’s variances for factory overhead.

 

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