Chapter 2 Quiz + Answers Essay Example for Free

Chapter 2 Quiz + Answers Essay 1. When companies adopt the strategy-making and strategy execution process it requires they start by developing a strategic vision, mission and values 2. The strategic management process is shaped by external factors such as the industrys economic and competitive conditions and internal factors such as the companys collection of resources and capabilities 3. When a company is confronted with significant industry change that mandates radical revision of its strategic course, the company is said to have encountered a strategic inflection point 4. A companys strategic plan consists of a vision of where it is headed, a set of performance targets, and a strategy to achieve them 5. Top managements views about where the company is headed and what its future product-customer-market-technology will be constitutes the strategic vision for the company 6. Well-conceived visions are distinctive specific to a particular organization free of generic, feel-good statements not innocuous one-sentence statements All of these 7. Effectively communicating the strategic vision down the line to lower-level managers and employees has the value of  not only explaining where we are going and why but, more importantly, also inspiring and energizing company personnel to unite to get the company moving in the intended direction 8. A companys mission statement typically addresses which of the following questions Who we are, what we do, and why we are here 9. A companys values relate to such things as  fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship 10. The managerial purpose of setting objectives includes  converting the strategic vision into specific performance targets  using the objectives as yardsticks for tracking the companys progress and performance  challenging the organization to perform at its full potential and deliver the best possible results  establishing deadlines for achieving performance results 11. A company needs financial objectives  because without adequate profitability and financial strength, the companys ultimate survival is jeopardized 12. Strategic objectives  relate to strengthening a companys overall market standing and competitive vitality 13. A balanced scorecard for measuring company performance entails striking a balance between financial objectives and strategic objectives 14. A balanced scorecard that includes both strategic and financial performance targets is a conceptually strong approach for judging a companys overall performance because financial performance measures are lagging indicators that reflect the results of past decisions and organizational activities whereas strategic performance measures are leading indicators of a companys future financial performance 15. A company needs performance targets or objectives for its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units 16. Business strategy concerns ensuring consistency in strategic approach among the businesses of a diversified company 17. In a single-business company, the strategy-making hierarchy consists of business strategy, functional strategies, and operating strategies 18. Functional strategies concern the actions, approaches, and practices related to particular functions or processes within a business 19. Operating strategies concern the relatively narrow strategic initiatives and approaches for managing key operating units within a business and for performing strategically significant operating tasks 20. Management is obligated to monitor new external developments, evaluate the companys progress, and make corrective adjustments in order to decide whether to continue or change the companys strategic vision, objectives, strategy and/or strategy execution methods

Labyrinths in Garden of Forking Paths :: World Literature Jorge Luis Borges

In Jorge Luis Borges' "Garden of Forking Paths", we find the protagonist as a Chinese English professor Yu Tsun who is a spy for the German army, obviously chased by his enemy, Richard Madden who is an Irishman at the service of the English army. At first glance, Yu Tsun may seem to be a "loyal" member of the German army but he manifests a characteristic throughout the story as being the oppressed member of the army. It seems that Yu Tsun shows a "desperate desire of the oppressed to be accepted by its oppressors." Yu Tsun doesn't care about Germany which imposed upon him the objection of being a spy. He even refers to the chief as a sick and hateful man and that he only needs to prove to him that a "yellow man" could save his armies. It's ironic because it clearly shows that Yu Tsun is oppressed because of his race (Yellow=Chinese) and yet he still serves the one oppressing him and even seeks its approval. He seems to be struggling in a Labyrinth of oppression, forever lost within i ts walls. This is just one of the Labyrinths that Yu Tsun is engaged/ trapped in. The story speaks about a certain Labyrinth, that which is related to Tsui Pen, a book which is composed of different chapters that seem to be diverging from a single path which also creates its own diverging paths. This particular part in the story challenges/ questions the common notion of time as being a linear process and instead raises a possibility of history branching out in an endless number of diverse directions at each spot in time; every space-time node as the midpoint of a system of branching or forking paths, an ever-recurring moment/place of selection with profound effects on and links to everything else. The book represents a Labyrinth of time "where all possible outcomes occur; each one is the point of departure for other forkings which sometimes converge" ( 22). Also, before going inside Albert's house, Yu Tsun got lost in the garden, which seemed like a maze. This is the result of his pondering over his ancestor's Labyrinth; Getting caught in this maze allowed the reader to reflect over a different perspective about real life. This maze represented the numerous paths that a person can travel and all of the outcomes from these paths. Thus, I can infer that the imagination is one of the representations of the Labyrinth.

Workplace

Workplace ShiftsSherry BestGrantham University March 20, 2018 The workforce is contingent with the teamwork of personnel and state. The workforce remain the main concern of employers everywhere. All areas of employment are touched by economics and its affected by births, plus the quality of training each person receives. 100 years ago, jobs were manufacturing in nature, what I mean is that individuals worked in factories or on an assembly lines. These types of positions weren't very challenging because it's a situation that was repetitious as the worker repeat steps. Subsequently new technology happens to be more demanding, very aggressive and creative. Women are employed within position that once was considered â€Å"only men were productive in. Work shifts are divided into three shifts for several organizations. They're basically eight hours a shift and the employee usually work forty hours a week. Over the years the workforce has added four generation of workers. This has caused a distinctive effect on the workforce causing them to face the age differences. The HR knows the older generation of the past consequently will sway the future of various organizations. They know that achieving their goal depends on how workers. Also, the facts show that countless people are not retiring but are carrying on working well past the age of 65. HR specialists find that they're having to formulate additional resolutions to link the demands relating to the workforce with the aging workers. Which requires HR specialists to understand and be able to execute ways to create jobs and to fill them with acceptable workers. Meanwhile workers and jobs are always transforming so organizations realize that they have diversity and the skill to maintain a balanced workforce being competent to accomplish their goals for the future of the organization. Also, companies have moved to global level with improved technology and communication. Besides more women employees entered the workforce which was not the state 100 years ago where women lives tended to be centered around their families. During WWI changed who the workforce would use once the men were either volunteering or being drafted to serve in the military which resulted in there was no one to fill the positions. So businesses hired the women to work in the men's place. After showing the factories that the women were capable to carry out the duties that the men could do, but they were paid less for the same job. Since then women have demanded rights for equal pay and equal treatment. Because the workforce have become more diverse with gender, age, and culture it has caused organizations to change how they attain workers and maintain their numbers. The older workers are still present in the workforce is making HR to consider alternative ways for hiring, training, and what type of benefits plans to offer as enticements.Today HR managers needs to spend considerable time and money in training in new technology and keep them updated. The future US workforce groups in 2025 would be mostly aged population over 60 years. The workforce I filled with many kinds of technology such as computers, internet, smart phones and many mobile devices that has opened communication where everything seems to move at the speed of light. Therefore, HR will need to be on their toes to meet every task in the future. ReferencesAnderson, B. E. (2000). Journal of Economic Perspectives. Worker Protection Policies in the New, 207-214.DeCenzo, D. A. (2016). Fundamentals of Human Resource Management. Danvers, MA: John Wiley ; Sons.Effortless HR. (2018). Retrieved from The Past, Present and Future Workforce: https://www.effortlesshr.com/blog/present-future-workforce-generations/Huczynski, A. ;. (2010). Organizational behaviour. London: Financial Times Prentice Hall.Khan, A. H. (2012). Impact of job satisfaction on employee performance: An empirical study of autonomous Medical Institutions of Pakistan. African Journal of Business Management, 2697.Micheal Bailey. (2018). Retrieved from Demographic shifts and the HR challenges of the future: https://www.michaelbaileyassociates.com/news/hr/demographic-shifts-and-the-hr-challenges-of-the-futureWomen in the Workplace. (n.d.). Retrieved from http://articles.timesofindia.indiatimes.com/2010-09-15/edit-page/28241044_1_indian-women-chinese-women-chinese-counterpart

Bmx Cycle Solutions - 1469 Words

Question # 1 What business is LCI in? What are the key success factors? How operations can contribute? LCI BUSINESS: LCI was founded in 1994 by Mr. Sheikh Ubaidullah, a Former Chairman of Pakistan Cycle Cooperative Society Limited. LCI is located at Ferozpur Road, eighteen miles south of Lahore Pakistan. LCI marketed its bicycles under the brand name of Leader bicycles. LCI was in bad shape and financially bankrupt , all shops run by one supervisors , its production was practically zero when Managing director at Descon Mr. Razaq Dawood acquired LCI in June 1999. He hired new 6 engineers since 1999 in following departments like production planning, production scheduling, inventory control and quality control to set up all the necessary†¦show more content†¦Handle Shop: BMX bicycle handles were manufactured at this shop completely, a specific machine automatically bent the placed pipe in a few seconds into appropriate configuration and cut the handle bars to length and knurled. These Knurled to help retain the handle bar grip. BMX enameling and Phosphating Shop: All parts of bicycle were enameling and phasphating, phaspating treatment enabled the steel surface to retain the enameled paint for a long time and provide a durable finish, all partes were placed on jigs and hang on a conveyer, this conveyer passed through a drying oven at a speed allowing each part to be baked at 1500C for approximately 50 minutes. Rim Shop; Bicycle Rims contained at this shop, One mm thick and 83 mm wide metal coils required to prepare rim and these rims imported from barazil or Japan, then front end coil was welded with back end coils and finally, the rims was bent into a required radius and cut after buffing and polishing. Press Shop: A specific machine at press shop for grinding and buffing the parts of rims and two ends of strips had been welded together Saddle, Brake and Hub Shop: Hubs and saddle for BMX cycle were assembled at this shop, loop clips of were manufactured at LCI , other parts like saddle frames and saddle covers were procured byShow MoreRelatedFour Companies that Stand Out in the Cycling Business2398 Words   |  10 Pagesdecades in becoming a successful business. In the last decade four companies have stand out in the cycling business Trek, Cervelo, Moot, and Seven Cycles. Each of these businesses have a different style of promotions strategies, product, and product development to the cycling customers. The cycling industry is in the maturity stage of the product life cycle. Each industry has to find a way to bring in new customers or they will be slowly step into the decline stage. 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