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Management in Practice

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1. The national ranking for business schools is based on the following variables. Based on the list of variables, develop a list of possible next steps the school could take to better its ranking.

- Written assessment by deans from peer institutions on a scale of 1 to 5
- Written assessment by recruiters on a scale of 1 to 5
- Average GPA of incoming students
- Acceptance rate of student applications (a lower percentage is better)
- Average starting salary of the school's most recent graduates
- Percentage of graduates employed on the date of graduation
- Percentage of graduates employed three months after graduation
- Average SAT (for the undergraduate program) and GMAT (for the MBA program) scores for entering students

2. Take the vision/mission statement of your current organization or locate a business's vision/mission statement. How could this statement be improved? Why have you suggested these improvements?

3. Assume you are a new division manager within a family-owned organization where the CEO has been in place for years. The CEO wants to take over a new business. There has been no discussion with the management team or planning. The other managers have elected you to speak to the CEO regarding the need to develop a business plan in today's business world. What do you say?

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Solution Summary

The expert examines management in practices. The written assessment by recruiters on a scale is provided.

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1. The national ranking for business schools is based on the following variables. Based on the list of variables, develop a list of possible next steps the school could take to better its ranking.
- Tighten the criteria of entering the school. Applications should be surveyed for the references more closely. Students with strong, enthusiastic references are better because they have already shown they work hard, not just for grades, but to accomplish goals set. This is what inspires teachers and community to write enthusiastic letters.
- Make more partnerships and links within the community. Through these students can access more networking possibilities. Volunteering, internships, part time job offerings lead to full time employment upon graduation.
- Provide classes with curricula that are real world experience as well as classes that teach lessons. Make sure instructors know that critical thinking is an important part of the educational process and review curricula on a random, but consistent basis to make sure both of these components are listed.
- Train admissions and others that to look for questions and interest in the school programs, both ...

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