MGT4337 Module 6 - Business Policy and Decision Making

MGT 4337: Business Policy and Decision Making

Module 6 Strategy Exercises Worksheet

Overview: This exercise will tie concepts from the chapter material to the simulations assigned in this module. Completing this exercise will prepare you to help you to make decisions during the simulation rounds and prepare you for completing your decision log journal entry, artifact analysis assignment, and milestone due in this module.

For this exercise, you will apply what you learned in Chapters 11 and 12 to your company’s ethics, social responsibility, and corporate citizenship. It also includes an analysis of your company’s value chain and leadership.

 

Directions: Download and save a copy of this document so you can edit the worksheet with your responses to the questions below.

 

Chapter 11

 

1. Do you and your co-manager(s) deliberately shift resources from one area to another to better support strategy execution efforts? If so, cite at least three such instances.

1. 2. 3.

 

2. Consider the benchmarking data in the Footwear Industry Report:

A. How is this benchmarking information valuable?

 

B. Identify three recent instances in which your examination of the benchmarking statistics has caused you and your co-manager(s) to take corrective action to boost company performance.

3. Consider your company’s approach to incentive compensation:

A. What hard evidence can you cite that indicates that your company’s use of incentive compensation techniques has worked? For example, have your company's compensation incentives actually boosted the productivity of the workers in your footwear plants?

B. What hard evidence can you cite indicating that the productivity gains have resulted in lower labor costs per pair produced?

C. If the productivity gains have not translated into lower labor costs per pair produced, is it fair to say that your company's use of incentive compensation is a failure?

Chapter 12

1. For the most recent decision round, list the corrective adjustments that you and your co-manager(s) made in either your company’s strategy or how well the strategy is being executed:

1. 2. 3.

 

2. What hard evidence (in the form of results relating to your company’s performance in the most recent year) can you cite that indicates the various corrective adjustments you made either succeeded or failed to improve your company’s performance?