Business Essay

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Written Assignment 3.1: Management Answer the following questions in an essay format, i.e., define and explain each of your answers. Use all of your wonderful knowledge from the text, notes, power point, and Internet to complete this task.

1. On a daily basis, managers carry out four basic functions: planning, organizing,

leading, and controlling. Explain each of these functions.

2. It is important for managers to assess a company’s current position in the market place. A SWOT analysis is an excellent tool to complete this task. On page 184 of the text, (probably great Internet sources as well), you will find an excellent outline of a SWOT analysis. Construct a brief SWOT analysis on the company you work for or the company that you would like to be employed.

3. Planning is the most important function of a manager. Planning can be divided into four

categories, strategic, tactical, operational, and contingency. Explain each of these categories.

4. Explain the terms Benchmarking and core competencies.

5. Why should employees, especially managers, be concerned with adapting to change?

6. Management theorist Douglass McGregor devised two assumptions of how managers manage employees. Define and explain both theory X and theory Y managers

7. Identify and explain each of the six steps in selecting employees. 8. The Kodak Corporation was a giant American icon for more than 50 years. The

company is now coming out of bankruptcy and is merely a shell of what is used to be. Look in the articles folder of this unit lesson and read through the two articles on Kodak.

a. Give me your opinion of why Kodak failed. b. Knowing what you know now about this organization, if you had been the

President of Kodak during the 1990’s, what would you have done differently to keep the company prosperous?

9. Look in the articles folder of this unit lesson and read “The Most Important Interview

Question of all Time.” a. Document/explain your Most Significant Accomplishment that you have

completed in your professional career. For example, explain how you achieved this accomplishment, what constraints did you overcome, how many people were involved, what was the budget for this project and was it enough, etc. I can assure you that you will be asked this question in your interview for your career job so make this good.

i. If you lack work experience then choose an event that you have accomplished in an academic setting.

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DELIVERABLES:

• To receive full credit for this project, you should explain each answer in detail. Use your textbook, notes and Internet research to complete this project. Remember, one sentence answers will not receive much credit for this assignment.

• Value for this project is 100 points

• Project should be a minimum of 1,000 words, Less is not automatically failing, but more is better

 1,000 words=80 1,500 words=85 2,000=90 2,500=95

• Number each of your answers.

• Document should be sent in Microsoft Word Format or PDF file

• Include a title page that includes your name and title of project

• Save your project with your name in the file name.

o Example: Randy Saleh WA3 Management Project would be my filename

• Remember, assume that you are interviewing for your “dream” position of the company where you want to be employed. Completing this project is the final part of the interview process and will determine if you get the job.

 This project is due by 1:00 p.m. on Friday, November 18 for full-credit.  Any project received after November 18 will be considered late and receives

a 10-point deduction for each day late  The last day to submit this project is 11:00 a.m. on Monday, November 21.