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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

MT 460Week 7 Seminar

Darlene Ringhand

January 26, 2012

welcome agenda
Welcome - Agenda
  • Unit 6 review
  • Comments –Discussion/Homework
  • Unit 7
    • Discussion
    • Writing
    • Expectations – Group Activity
  • Other
  • Good Evening!
unit 6 review
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.
unit 7 objectives topics
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.
how do functional tactics differ from corporate business strategies
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
why are short term objectives needed when long term objectives are already available
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)
what are policies
What are policies?
  • Directives
  • Decisions
  • Guidance
  • Clarifying and giving direction
how do you use policies to empower employees
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
discussion board topic team activity
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.

unit 7 expectations
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
unit 7 assignment
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
other issues
Other Issues?

Unit 7 - Food for Thought!

Questions?

It’s a Wrap!

references
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