ENT 526 Midterm: ENT526 - EXAM NOTES - (notes are since midterm)

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yellowlizard906

8 Apr 2012

School

Ryerson University

Department

Entrepreneurship and Strategy

Course

ENT 526

Professor

Ricardo Reyes

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Document Summary

Good-to-great leaders began the transformation by first getting the right people on the bus (and the wrong people off the bus). The right people can adapt in a changing business environment and appreciate being on the bus with the other right people. Level i personal leadership is to master yourself. Level iv learning to develop those around you. Level v lead change instead of change leading you. Problems are just that, and need resolution. The aim of bos is not to out-perform the competition in the existing industry, but to create new market space or a blue ocean thereby making the competition irrelevant. Reorient focus from competitors to alternatives and from customer to noncustomers of the industry. Bos is the simultaneous pursuit of differentiation and low cost. The value of innovation is the cornerstone of the blue ocean strategy. Creating uncontested market space making the competition irrelevant.

Related Questions

As a senior manager for a global player in automobile productionand sales, Kirby Ellis had joined thousands of fellow employees inthe excitement surrounding production of the companyâs new hybridvehicles. But barely two years into production, embarrassingcomponent shortages, delivery delays, and a recall of the firstmodels had a ripple effect, presenting the company with mountingconcerns. In the confusion, many customers canceled orders andturned to competitors for purchase of the eco-friendly vehicles.Ellisâs company was facing a financial downturn. With three decadesof service to the company, Kirby led a contingent of managersintent upon keeping together as much of the company and as manyemployees as possible. âWe know there will be some necessary cuts,âKirby admitted. âBut this company has a long history of sticking byits people. Our first priority should be internal streamlining ofhow we do things and making sure we have the right people onboard.â Many managers liked what they heard from Kirby. He was wellrespected and had an unequaled reputation for his leadership andcollaborative skills and his ability to work with managers, as wellas line workers on the factory floors. People marveled at thenumber of individuals he knew on a personal level throughout thecompany. Drew Cunningham influenced a second contingent within themanagement group. A brash go-getter with a reputation for fixingcompanies in crisis, Cunningham proposed across-the-board cuts inemployees in order to implement a solution as quickly as possible.He proposed the immediate creation of a forced ranking system inorder to identify and get rid of lower-ranking employees. Kirbyraised his hand and rose to his feet in objection. âSo weâre goingto create a system to fire â¦â âI didnât say fire â¦â âOK, cut ourown hard-working people? It sounds like some lame governmentcommission,â Kirby said. âWeâve got bright people. This thingsimply got worse faster than we thought. We can work with thepeople we have in setting up more efficient workflow, establishingreasonable deadlines to increase output and â¦â âKirby, these arenot the days of knowing everyone in the plant,â Drew said. âYouârenot throwing out your wifeâs uncle Harry. We are taking a seriouslook at what we do, how we do it, and streamlining everything bykeeping the right people in the organization and cutting therest.

1. What kind of employee social contract is assumed by Kirby andCunningham?Explain.

2. If you were an HR manager at the company, which view wouldyou support? Why?.

3. HR department hire and develop human capital tp serve theorganization's strategy and drive performance. Which approach-Kirby's or Cunningham's-is more likely to have a greater positiveimpact on performace? Discuss

puceherring168

Instruction: Choose any 2 of the Articles of Interest, Or any article and describe 3 of the most important takeaways from each article, and WHY you chose these takeaways. (2 Pages Max)

1. Wall Street Journal - Management section. Link: https://www.wsj.com/news/business/management

2. 17 Ways Great Leaders Motivate - an Inc. magazine article. Link: https://www.inc.com/kevin-daum/17-ways-great-leaders-motivate-their-people.html

3. What Is Human Resource Management - the balance.com. Link: https://www.thebalancecareers.com/what-is-human-resource-management-1918143

4. Human Resources Managers - BLS Occupational Outlook Handbook. Link: https://www.bls.gov/ooh/management/human-resources-managers.htm

5. Human Resource Management - HBR. Link: https://hbr.org/topic/human-resource-management

6. Free Management Library - the extensive amount of free resources. Link: https://managementhelp.org/

7. Motivation Theories Explained - Tutor2u. Link: https://www.tutor2u.net/business/reference/motivation-theories-explained

jademoose551

Minimum 1 page required. There is a new small entrepreneurial solar power business in town. In today's competitive environment, partners are struggling with a series of management and environmental issues. For example, finding the right target market that would respond the best to the company's product; planning and controlling; making the right decisions on time; competitive advantage; and etc.

Please give a detailed answer to the following question:

What is the planning, controlling, and decision-making process of the project?

blackmanatee74

ENT 526 Midterm: ENT526 - EXAM NOTES - (notes are since midterm)

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