In working with her management team to develop a business plan for her 15-person department for the next fiscal year, Jennifer notes that the corporate strategies for next year include: (1) expand into international markets; (2) broaden scope of services with key clients; and (3) leverage new technologies to increase sales. The corporation employing Jennifer and her team is large, employing over 20,000 staff. How do Jennifer and her management team use the corporate strategies in developing a business plan for their small department?
What will be an ideal response?
Answers will vary, but they should focus on the concept and necessity of alignment. That means that Jennifer's department goals must be consistent with, supportive of, and focused on achieving results in line with the corporate purpose and direction.
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Identify a shortcoming of giving the responsibility of new product development to the product managers of a company
A) They would not be familiar with the industry standards. B) Product managers would not have an operational focus. C) Product managers are often busy managing existing lines. D) They will find it difficult to gain support from employees. E) Product managers are less likely to use participative management.
In 2007, Horwitz Corporation issued ten-year, 9 percent bonds when the market interest rate was 11 percent. Interest is payable annually. During 2010, the market rate of interest for similar bonds was 12 percent. Using the effective interest method of amortization, what interest rate will be used to calculate interest expense for 2010?
a. 12 percent b. 9 percent c. 6 percent d. 11 percent
Find an article describing a legal dispute that a multinational corporation has had outside its home country. What is the legal tradition of the foreign company? What is the major legal issue of the dispute and is there a different understanding of that issue in the home country versus the foreign country?
What will be an ideal response?
Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate. Social issues can be emotive and he can be a hindrance for resolution. Robert is an example of a:
a. dependent stakeholder b. dangerous stakeholder c. definitive stakeholder d. dominant stakeholder