Srategic management - What is core competency
Question # 00510280
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Updated on: 04/11/2017 03:29 AM Due on: 04/11/2017
Write a minimum of 100 words for each strategic management question.
Focus on thoughts and reasoning. This is a Socratic exercise – an opportunity for you to
think and express your thoughts. This assignment is a reflection of the degree to which
you are engaged in the course material, and how well you learned the topics assigned this
week. The emphasis of this assignment is synthesis – the connecting of dots – where you
tie together in a meaningful way (1) the assigned readings and videos, (2) current
business and world events, and (3) your previous knowledge and experience. There is no
correct or incorrect answer, but rather YOUR answer, based on YOUR thoughts and
understanding of the material/concepts. Please avoid trying to answer what others would
say, or copying what someone else has thought or written. There are two fundamental
mistakes students often make on these assignments: (1) simply rambling unsupported
opinions, and (2) failing to apply one’s personal perspective (i.e. writing as if it were a
research paper, with no personal perspective applied).
Question 1:
What is core competency? What are the core competencies of the companies for which
you work? Give examples. How does your company nurture its core competencies?
Question 2:
Describe MBO and how is it different than most other governance/management systems?
Critique MBO (good & bad). Would you recommend the use of MBO? Why?
Question 3:
What kinds of companies should Apple be looking to acquire? Why? Should they be
trying to diversify? Why? Give examples.
Question 4:
1. What are the three most important actions (objectives) Apple should undertake
immediately?
2. What are the three most important actions (objectives) Apple should set for their 5year goal?
3. What are the three most important actions (objectives) Apple should set for their 25year goal?
Question 5:
Assume you were asked by your employer to champion and facilitate a thorough strategic
planning initiative for the company. What would be your approach? Would you
emphasize the “Playing to Win” approach, or maybe focus on Blue Ocean Strategy, or
even another approach? Why?
Question 6:
In your opinion, what is the single most important factor in the world of business that
determines the performance of a company? Explain why you believe this to be the case.
Does this apply to Apple?
think and express your thoughts. This assignment is a reflection of the degree to which
you are engaged in the course material, and how well you learned the topics assigned this
week. The emphasis of this assignment is synthesis – the connecting of dots – where you
tie together in a meaningful way (1) the assigned readings and videos, (2) current
business and world events, and (3) your previous knowledge and experience. There is no
correct or incorrect answer, but rather YOUR answer, based on YOUR thoughts and
understanding of the material/concepts. Please avoid trying to answer what others would
say, or copying what someone else has thought or written. There are two fundamental
mistakes students often make on these assignments: (1) simply rambling unsupported
opinions, and (2) failing to apply one’s personal perspective (i.e. writing as if it were a
research paper, with no personal perspective applied).
Question 1:
What is core competency? What are the core competencies of the companies for which
you work? Give examples. How does your company nurture its core competencies?
Question 2:
Describe MBO and how is it different than most other governance/management systems?
Critique MBO (good & bad). Would you recommend the use of MBO? Why?
Question 3:
What kinds of companies should Apple be looking to acquire? Why? Should they be
trying to diversify? Why? Give examples.
Question 4:
1. What are the three most important actions (objectives) Apple should undertake
immediately?
2. What are the three most important actions (objectives) Apple should set for their 5year goal?
3. What are the three most important actions (objectives) Apple should set for their 25year goal?
Question 5:
Assume you were asked by your employer to champion and facilitate a thorough strategic
planning initiative for the company. What would be your approach? Would you
emphasize the “Playing to Win” approach, or maybe focus on Blue Ocean Strategy, or
even another approach? Why?
Question 6:
In your opinion, what is the single most important factor in the world of business that
determines the performance of a company? Explain why you believe this to be the case.
Does this apply to Apple?
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Rating:
/5
Solution: Srategic management - What is core competency