MT 460Week 7 Seminar

Darlene RinghandJanuary 26, 2012

Welcome - Agenda Unit 6 review

Comments –Discussion/Homework

Unit 7 › Discussion› Writing › Expectations – Group Activity

Other

Good Evening!

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.

Group Debate/Poll

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?

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?

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?

Directives

Decisions

Guidance

Clarifying and giving direction

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

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

Read Chapter 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 AssignmentPrepare 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?

Unit 7 - Food for Thought!

Questions?

It’s a Wrap!

Library Field Trip & Reference

Kucampus.kaplan.edu

Referenceshttp://www2.econ.iastate.edu/classes/econ355/choi/mnc.h

tm (January 2012)

Pearce, John A., Robinson, Richard B. Jr., Strategic Management, 12th Edition, Chapters 4 & 5