question

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Directions: Test your knowledge of this topic by selecting the best answer for each of the following questions. You will use the Booz Allen Hamilton model for these questions. (Important: Do not click the Reset button in the model before entering new data.) Start this quiz after completing step 2 in the Quiz Preparation box in the Commentary. When you click the Submit button, you will see your score and the results will go to your instructor.

After each question, you will receive feedback and the correct answers. It is important to update your financial model before moving on to the next question. Quiz 1.4 has 3 questions, so be sure to submit all three answers. If you leave the quiz and return before submitting the last answer, the quiz will resume with the next question.

1. The sales department tells management that they can increase revenue by 20 percent by increasing sales 20 percent. However, the scheduling department says that to achieve that number of hours, they will have to buy upgraded software for $200,000 that will allow for better scheduling of staff hours between engagements. Management says that there is no need for a new computer program, because to increase capacity and keep the contribution margin and price the same, they can increase capacity by hiring more consultants. Because they are constantly adding new consultants, there are no incremental hiring costs. What happens to profits when we enter a new total number of hours sold to reflect the increase into our model? What happens to the risk at BAH vs. Comfy Chair—do you think the strategy of hiring more consultants rather than investing in new equipment is a higher or lower risk than Comfy Chair’s strategy of investing in equipment? In order to successfully complete the remaining questions, use this information to update the financial model before proceeding to the next question. For each subsequent question, also insert the correct information if you did not answer correctly.
a. Profits increase 63.5 percent, and BAH’s risk is higher.
b. Profits increase 22.4 percent, and BAH’s risk is lower.
c. Profits increase 38.2 percent, and BAH’s risk is higher.
d. Profits increase 38.2 percent, and BAH’s risk is lower.

journal

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Consider your organization or a former one in which you were employed. Create a journal entry entitled “Organizational Culture” and address the following:

            My orgenization is Wells Fargo

 

1.    Identify at least one (1) tradition, symbol, or value, which make up your organization’s culture? How do they influence or affect your organization and its employees?

 

2.    Management’s procedures for hiring and firing employees are activities, which can reveal certain attitudes or values of an organization towards its employees.

 

o    Describe the procedures on how individuals are hired and fired in your organization.

 

o    What do the procedures reveal about management’s attitudes and values toward employees?

 

                An important HR activity of most managers in an organization is interviewing applicants for positions, which report to them. Research has revealed that many questions asked of applicants discriminate against females and minorities and often are not job related. Hence, it is critical that managers are sensitive to and understand the types of questions, which are legally permissible or impermissible to ask applicants during the interview process, to prevent problems or violations related to laws on fair employment practices.

 

o    Write a list of six (6) questions you would ask an applicant during a job interview.

 

 

 

Management Policy unit 2

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Unit 2: The Importance of Business Strategy

For this week’s Assignment, you will complete a short answer on the following question:

Why is strategy important to business?

You will want to address the main components of the strategic management process while

discussing the importance of strategy for business.

Be sure to use your reading this week as a resource. You are encouraged also to use the Library

databases and the Internet as additional resources.

Format:

Your project should be double-spaced, citations should use APA style, and it should be 2-3 written

pages in length, not including the formal title page and references page.

Make sure your formal title page includes:

• Your Full Name

• Date <Month Date, Year>

• Course Name & Number

• Section Number

• Unit Number

• Case Name

• Page Numbers Throughout the Document (header or footer)

Directions for Submitting Your Assignment

• Before you submit your Assignment, you should save your work on your computer in a location and

with a name that you will remember.

• Ensure your Assignment is in a

Microsoft-Office compatible format (Word .doc or .docx).

• When you are ready, you may

upload your document to the Unit 2 Dropbox.

Need help with the Dropbox? Click on the Dropbox Guide link under Academic Tools tab.

Assignment Checklist:

1. Explain the concept of the strategic management process

2. Discuss the importance of having a future oriented plan

3. Discuss the organization’s vision, mission, purpose, philosophy or goal

4. Discuss the strategic process as input for future decision making

Business Homework

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Purpose: Many believe that Leadership is the most important Function of Management. This leadership is important to lead the way to growth and profits but it is more important in reversing negative trends that could lead to organization failure.

As a group, we are going to read a case situation and then have a discussion on it based partly on questions that I will pose as we move along. The case is about Leadership which some believe is the most important function of management. Read the case and do any additional research that you can and then follow the directions.

 Growing Leaders

 How important are excellent leaders to organizations? If you were to ask 3M CEO George Buckley, he’d say extremely important. But he’d also say that excellent don’t just pop out of nowhere. A company has to cultivate leaders who have the skills and abilities to help it survive and thrive.  And like a successful baseball team with strong performance statistics that has a player development plan in place, 3M has its own farm system. Except its farm system is designed to develop company leaders.

 3M’ leadership development program is so effective that in 2009 CHIEF EXECUTIVE MAGAZINE AND HAY CONSULTING named the company the best at developing future leaders. What is 3M’ s leadership program all about? About eight years ago, the company’s former CEO (Jim McNerney, who is now Boeing’s CEO) and his top team spent 18 months developing a new leadership model for the company. After numerous brainstorming sessions and much heated debate, the group finally agreed on six “leadership attributes” that they believed were essential for the company to become skilled at executing strategy and being accountable. Those six attributes included the ability to “chart the course; energize and inspire others; demonstrate ethics, integrity, and compliance; deliver results; raise the bar; and innovate resourcefully.” And now under Buckley’s guidance, the company is continuing and reinforcing its pursuit of leadership excellence with these six attributes.

 When asked about his views on leadership, Buckley said that he believes there is a difference between leaders and managers. “A leader is as much about inspiration as anything else. A manager is more about process.” He believes that the key to developing leaders is to focus on the things that can be developed-like strategic thinking. Buckley also believes that leaders should not be promoted up and through the organization too quickly. They need time to experience failures and what it takes to rebuild.

 Finally, when asked about his own leadership style, Buckley responded that, “the absolutely best way for me to be successful is to have people working for me who are better. Having that kind of emotional self-confidence is vital to leaders. You build respect in those people because you admire what they do. Having built respect, you build trust. However hokey it sounds, it works.” And it must be working as the company was named the number one most admired company in the medical and other precision equipment division of FORTUNE’S most admired ranking for 2009.

 After you have thought about the elements of the case and done some Internet research, enter you first post with your initial thoughts. In doing that, consider this question and integrate it into your first post.

Question: Is a manager and a leader one and the same thing? Can you be a great leader if you are not a great manager? Can you be a great manager if you are not a great leader? Or, are managers and leaders completely functions?