2 discussion questions for Business.
rqp
WeekThreeLecture-BUS480In-ClassLecture.pptxBUS 480
Integrated: Capstone Business Policy
8/22/2018
TOWS Matrix
Enhanced SWOT Matrix
TOWS Questions
Strengths and Opportunities (SO) – How can you use your strengths to take advantage of the opportunities?
Strengths and Threats (ST) – How can you take advantage of your strengths to avoid real and potential threats?
Weaknesses and Opportunities (WO) – How can you use your opportunities to overcome the weaknesses you are experiencing?
Weaknesses and Threats (WT) – How can you minimize your weaknesses and avoid threats?
Questions
Strategy Implementation Process
Strategic implementation is critical to a company's success, addressing the who, where, when, and how of reaching the desired goals and objectives. It focuses on the entire organization. Implementation occurs after environmental scans, SWOT analyses, and identifying strategic issues and goals.
Strategy Implementation Process
Establishment of annual objectives
Formulation of policies for execution of strategies
Allocation of resources
Actual performance of tasks and activities
Leading and controlling the performance of activities or tactics in various levels of the organization
(MBO) Management by Objectives
Management By Objectives - MBO
Management by objectives (MBO) is a management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization. The term was first outlined by management guru Peter Drucker in his 1954 book, The Practice of Management.
(MBO) Management by Objectives Five Step Process
Determine Objectives
Translate (Review) Objectives
Monitor Objectives
Monitoring the Process
Evaluate & Reward the Progress
(TQM) Total Quality Management
A core definition of total quality management (TQM) describes a management approach to long–term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work
(TQM) Total Quality Management
