Consulting Firms Manage
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1. Choose a company and briefly describe its business and uniqueness in its industry. Now compare its management practices with the 6 principles (see attachment) described in the lecture portion of the Module 3 Readings. Is the company on the right track?
Support your response with solid reasoning. Would you add one or more principles to the list? What principles would you add and why?
2. Apart from the example described in the lecture (Nypro, Inc.), select a firm that used to be innovative, in your opinion, but lost its fire/spirit over the years. What are the reasons for the decline? Describe fully.
3. What is the best strategy: blue ocean strategy or strategy de facto? Elaborate through one example of each. Support your response thoroughly.
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1. Choose a company and briefly describe its business and uniqueness in its industry. Now compare its management practices with the 6 principles (see attachment) described in the lecture portion of the Module 3 Readings. Is the company on the right track?
Support your response with solid reasoning. Would you add one or more principles to the list? What principles would you add and why?
The company that has been chosen is Illinois Tool Works. This company produces engineered fasteners and components, equipment and consumable system, and specialty products. The company is a fortune 200 company and employs nearly 60,000 people in 825 business units and has operations in 52 countries.
The company uses internet, and intranet. So (competitive strategy) provides high quality reliable and fast information systems implementation by re-using codified knowledge. The point is that Illinois Tool Works uses the knowledge base of customers for marketing different ...
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