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Business Policy

1. Describe the external environment (task environment, societal environment) of a College. Identify and discuss the opportunities and threats posed by these environmental elements of the OT of the SWOT. List five (5) opportunities and five (5) threats.

2. Discuss the "competitive forces" that shape organization's strategy. (Porter's 6 competitive forces are: 1) Potential Entrants, 2) Rivalry Among Existing Firms, 3) Bargaining Power of Buyers, 4) Bargaining Power of Suppliers, 5) Threat of Substitute Products/Services, 6) Relative Power of Other Stakeholders. Use Monroe College or your own company in your discussion.

3. What is the relationship between corporate governance and social responsibility? Give an example of each. How can a manager ethically make a corporate donation to a charitable cause, when in reality he is contributing "other" people's money? Give an example.

4. Compare and contrast "Agency Theory" - the problems that occur between principals (owners) and their agents (top management) relative to increasing the value of shares of the firm versus increasing the value of salaries - with "Stewardship Theory" - no problems (relative to Agency Theory) as executives tend to be more motivated to act in the interests of the firm rather than their own self-interest. Give examples of each.

5. Describe the internal environment (structure, culture, assets, etc.) of a College. Identify and discuss the strengths and weaknesses posed by these environmental elements - the SW of the SWOT. List five (5) strengths and five (5) weaknesses.

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1. Describe the external environment (task environment, societal environment) of a College. Identify and discuss the opportunities and threats posed by these environmental elements of the OT of the SWOT. List five (5) opportunities and five (5) threats;
The external environment refers to the manner in which the College can interact with its task, economic and societal environment:
The way in which it can interact with the government for regulation, potential students for enrollment, and universities for accreditation and surroundings for employees constitutes an important way.
Five opportunities:
1. Enroll local students:
2. Start online courses for adult education:
3. Local teaching and research talent;
4. Incentives given by the local government to colleges;
5. Start vocational education programs:
Five threats:
1. Local labor is very costly.
2. The government dictates the programs if the university takes grants:
3. There is a powerful university in the locality that attracts all the recruiters of passing out students.
4. The local community is not favorable to our college because they have plans of setting up their own church based college.
5. The local student all want to joint the large university in the area. Only the leftovers are likely to come to our college.

2. Discuss the "competitive forces" that shape organization's strategy. (Porter's 6 competitive forces are: 1) Potential Entrants, 2) Rivalry Among Existing Firms, 3) Bargaining Power of Buyers, 4) Bargaining Power of Suppliers, 5) Threat of Substitute ...

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This explanation provides you a comprehensive argument relating to Business Policy

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