Would you be able to help me in identifying two company functions and two government departments that have comparable responsibilities for managing a business function or group of employees. I then have to respond to the following:
â?¢ Provide an analysis of key characteristics for all four roles. How do they differ?
â?¢ What do these differences in reward/motivation/work systems suggest about the individuals who will choose to work for these entities?
- Understand the overall performance of the organization
- Identify ways to measure and maximize the value of intangible assets
- Reduce operating costs and effectively manage enterprise-wide investments
- Budgeting & forecasting the financial condition of the organization.
- The finance department is responsible for keeping track of all sales and capital spending at a business.
- Another responsibility is to provide management with a profit-and-loss statement that will show the overall strengths or weaknesses of a business
- Managers need the most current information to make the best decisions for their department. The finance department of company has duty to provide them with the most accurate and timely information possible.
- Help the business receive the necessary financing it needs and deciding how the money will be paid back and distributing dividends to shareholders
Two company functions and two government departments that have comparable responsibilities for managing a business function or group of employees.
Strategic Management - Wallace Group
A. Read "The Wallace Group," Case 2
1. What is the most important problem facing the Wallace Group?
2. What recommendation(s) would you make to Mr. Wallace, and in what order of priorities?
3. How do you educate a manager to manage an organization as it evolves over time from an entrepreneurial structure to a more sophisticated and complex organizational structure?
B. Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach, mark your feeling about its appropriateness using the following scale:
1. definitely not appropriate, 2. probably not appropriate, 3. undecided, 4. probably appropriate, and 5. definitely appropriate
The business firm should try to get useful information about competitors by:
_____ Careful study of trade journals
_____ Wiretapping the telephones of competitors
_____ Posing as a potential customer to competitors
_____ Getting loyal customers to put out a phone "request for proposal" soliciting competitors' bids
_____ Buying competitors' products and taking them apart
_____ Hiring management consultants who have worked for competitors
_____ Rewarding competitors' employees for useful "tips"
_____ Questioning competitors' customers and/or suppliers
_____ Buying and analyzing competitors' garbage
_____ Advertising and interviewing for nonexistent jobs
_____ Taking public tours of competitors' facilities
_____ Releasing false information about the company in order to confuse competitors.
_____ Questioning competitors' technical people at trade shows and conferences
_____ Hiring key people away from competitors
_____ Analyzing competitors' labor union contracts
_____ Having employees date persons who work for competitors
_____ Studying aerial photographs of competitors' facilities