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MT460 Unit 5 Starbucks Strategic Business Decisions and Leadership Presentation

Admin@Free — Wed, 30 Jun 2021 22:18:26 +0000

MT460 Unit 5 Starbucks Strategic Business Decisions and Leadership Presentation
Please use the attached rubric as a checklist. My professor is extremely picky!
NOTE: There is no list from the professor. He said we can choose any companies from any industry that we wish.
Strategy is often a complex puzzle that requires both leadership and management oriented decision-making, critical thinking and problem-solving abilities. Strategic thinking, in general, requires the understanding of intricate design structures and networks within an organization. Choosing the appropriate strategic approach can be a daunting task, requiring business acumen and professional competencies that leaders and managers possess, such as professional communication (verbal, written, body language), planning, organization, analysis, reasoning skills, persistence, time management, perseverance, and much more. To meet the challenges in this Assignment, you must be ready to use a combination of such professional competencies and business acumen to formulate strategic business decisions from a leadership, management and organizational design perspective. Essentially, you are analyzing a business to construct a business case. To complete this Assignment, you will choose two companies from the list that operate within one of the industry. You will assume the role of Chief Operating Officer (CEO) for one of your chosen companies, and the other company will be a major competitor. In a narrated PowerPoint presentation, your goal is to make strategic decisions from a management, leadership, and organizational design perspective by meeting the following criteria: Identify two companies that operate within the same industry from the list of industries and companies that your Professor has provided. You will assume the role of CEO for one of your chosen companies, and the other company will be a competitor that operates in the same industry with similar products. As the CEO, you will make strategic decisions from a leadership or a management perspective. Your audience is the executive management team of your organization.
As the CEO, provide a thorough synopsis of your chosen company by introducing the brand, industry, products, target market, etc. Be sure to use leadership abilities to inspire your audience through your communication of this information.
From a management perspective, provide a high-level synopsis of the organizational design of your chosen company.
From a management perspective, provide a thorough environmental analysis on the state of your chosen industry and your company’s market position within the industry.
From a management perspective, analyze the financial condition of your chosen company.
From a management perspective, conduct a thorough analysis on your competitor to explain its market position and competitive advantages within your chosen industry.
Using strategic decision-making abilities, decide on which of the five generic strategies your company employs, and why this strategy works better than others for your company.
From a leadership perspective, explain how your chosen generic strategy positions your company within the market by building competitive advantages against your chosen competitor company.
From a management perspective, provide reasoning on the potential for your company to achieve competitive advantage in the market based on lower costs. If your company is not positioned as a low cost leader, explain why not. If it is positioned as a low cost leader, explain why it leads to sustainable competitive advantage.
From a management perspective, provide reasoning on the potential for your company to achieve competitive advantage in the market based on differentiating the company’s products from the offerings of rivals. If your company is not positioned as a differentiator, explain why not. If it is positioned as a differentiator, explain why it leads to sustainable competitive advantage.
From a management perspective, provide reasoning on the potential for your company to achieve competitive advantage in the market based on being a best-cost provider. If your company is not positioned as a best-cost provider, explain why not. If it is positioned as a best-cost provider, explain why it leads to sustainable competitive advantage.
From a management perspective, formulate and explain your company’s offensive or defensive strategy to improve its market position in the next year.
From a leadership perspective, design a plan to position your chosen company to be a first mover, a fast follower, or a late mover to ensure competitive advantage.
From a management perspective, compare and contrast the advantages and disadvantages of extending your company’s scope of operations via vertical integration.
From a management perspective, determine the conditions that favor outsourcing certain value chain activities to outside parties for your company.
Use a minimum of three peer-reviewed research resources (including your textbook) to substantiate your thoughts, opinions, ideas, etc. Use as many concepts from Chapters 5 and 6 of your textbook to complete this Assignment as possible. You are the professional and will need to determine how many slides and how long the presentation should be to meet the requirements of this Assignment. You are capable of making such decisions at this level of your degree program. Take the initiative to be the problem solver and strategic decision-maker. Each slide should have a verbal narration and notes. Your slides should be professionally designed.
Textbook: Title: Crafting & Executing Strategy: The Quest for Competitive Advantage:Concepts and CasesEdition: 21st (2018)Author: ThompsonPublisher: McGraw-HillBook ISBN: 9781259732782Ebook ISBN: 9781259899683

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MT460 Purdue Unit 5 Leadership vs Management Strategic Decision Making Discussion

Admin@Free — Wed, 30 Jun 2021 22:18:26 +0000

MT460 Purdue Unit 5 Leadership vs Management Strategic Decision Making Discussion This week, you will construct a response to two (or more) of your fellow learners based on their Unit 4 Discussion Assignment essay. Your correspondence must meet the following criteria: Evaluate the Discussion Assignment essay written by two of your fellow learners posted on the Unit 4 Discussion Board. Create a written response (250 word minimum) debating the facts related to leading and managing business strategy.
Identify the pro’s of your fellow learner’s assessment of the difference between leading and managing strategy.
Using a minimum of one peer-reviewed research resource in each answer response to build on the knowledge in your fellow learner’s essay.
Identify the con’s of your fellow learner’s assessment of leading or managing strategy.
Using a minimum of one peer-reviewed research resource, explain the strategy concepts your fellow learner might have missed covering the topics of leading or managing strategy in their essay. Examine the breakdown of this Unit 5 Discussion grade using the grading rubric.
FELLOW LEARNER ESSAY:
Thesis Statement
Leadership and management can exist separately yet work best together. Leaders formulate the vision, create relationships based on trust and respect which embody the company with an outline for success. (Zimmerman) Management receives the communicated goals and expectations so it can empower the employees to carry out and fulfill leaderships vision. Leaders create the overall vision; how, who, why it is the manager that oversee the day to day in action and ensure there are no gaps or disconnects. Keeping the moral up, ensuring tasks are completed and executed. Reporting is done to be able to measure, if modifications are needed managers communicate to leadership for additional direction and change. Successful leadership must work closely with management for quality information, making sure the right people are doing the right things.
Leadership-
Leadership requires clear vision, integrity, honesty, passion, authenticity, great communication skills and competence (Kilbort). Educated and sometimes fearful people who want ultimate success for an organization by; creating strong teams, standards, values, business policies and procedure beneficial to day to day operations that implement change and problem solving designed for an organizations success. Management- Management should be viewed as universal connector for operational needs of the organization (Susca) Individuals in charge of teams or departments who manage employee culture and communication to ensure the vision is carried out to benefit the organization.
Management is the vehicle that drives the vision of leadership. Management works with the employee keeping the culture blended and making sure the people on the team can carry out the tasks. If in the instance of downsizing to save cost and having teams work efficiently leaders depend on management to communicate who should be let, go. Management should be working with teams not just dictating tasks. Great managers need to be able to work with diversity and know the work force is changing (Kilbort) This entails working with people and being involved so they do not feel like a number and have loyalty to the organization for maximum performance.
Leaders decide when to change structure to create efficiency, management carries out the vision with the employees to ensure changes are successful. Again, leadership sets the values and standards for the organization. Managers are expected to manager their areas to accomplish the goals.
References
Kilbort, P. M. (2004). Management vs. Leadership. Physician Executive, 30(6), 32. Retrieved from https://search-ebscohost-com.libauth.purdueglobal.edu/login.aspx?direct=true&db=f5h&AN=15316678&site=eds-live
Susca, P. T. (2019). The Value of Effective Management Systems. Professional Safety, 64(2), 1821. Retrieved from https://search-ebscohost-com.libauth.purdueglobal.edu/login.aspx?direct=true&db=a9h&AN=134421351&site=eds-live
Zimmerman, E. L. (2018). what’s under the hood? the mechanics of leadership versus management. Supervision, 79(10), 13. Retrieved from https://search-ebscohost-com.libauth.purdueglobal.edu/login.aspx?direct=true&db=f5h&AN=131893730&

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MT460 Unit 5 Leadership vs Management Strategic Decision Making Discussion

Admin@Free — Wed, 30 Jun 2021 22:18:26 +0000

MT460 Unit 5 Leadership vs Management Strategic Decision Making Discussion This week, you will construct a response to two (or more) of your fellow learners based on their Unit 4 Discussion Assignment essay. Your correspondence must meet the following criteria: Evaluate the Discussion Assignment essay written by two of your fellow learners posted on the Unit 4 Discussion Board. Create a written response (250 word minimum) debating the facts related to leading and managing business strategy.
Identify the pro’s of your fellow learner’s assessment of the difference between leading and managing strategy.
Using a minimum of one peer-reviewed research resource in each answer response to build on the knowledge in your fellow learner’s essay.
Identify the con’s of your fellow learner’s assessment of leading or managing strategy.
Using a minimum of one peer-reviewed research resource, explain the strategy concepts your fellow learner might have missed covering the topics of leading or managing strategy in their essay. Examine the breakdown of this Unit 5 Discussion grade using the grading rubric.
FELLOW LEARNER ESSAY:
Leadership v/s Management Strategic Decision-Making Introduction According to business dictionary.com, A manager is defined as: An individual who oversees a certain group of tasks, or a certain subset of a company. A manager often has a staff of people who report to him or her. (“Read the full definition.”, 2019) Managers who possess leadership skills are more capable of successfully operating any organization. Strategic Decision-making Manager: is a continuous planning, monitoring, analysis and assessment of all the necessary statics for an organization to achieve its goals and objectives. (“What is strategic management? Definition from WhatIs.com”, 2019)
Leadership: is an individual who creates an inspiring vision of the future, a motivator and inspires people to engage with that vision, manages delivery of the vision. A leader coaches and builds a team, so that it is more effective at achieving the vision. (“What Is Leadership?”, 2019) Great leaders understand how to balance emotion with reason and make decisions that have a positive impact on themselves, their employees, their customers and stakeholders, and their organizations. (Larina Kase, 2019)
According to cheifexecutive.net “The difference between leadership and management is risk. Leaders are comfortable taking risks that can yield great rewards. As a result, they often make difficult decisions for the good of the company. These can range from restructuring the organization to making new product offerings. Meanwhile, managers are often less comfortable with making those decisions themselves. Rather than making decisions quickly, managers tend to be comfortable asking many questions as they develop actionable plans to make leaders’ decisions a reality.” (“Leadership vs. Management Success Lies in Knowing the Difference”, 2019) Therefore, leadership is proactive. A leader takes into consideration all the necessary needs of thedir organization like problem solving, looking ahead, and not being satisfied with the things as they are. All while doing this they take into consideration the people they are leading to fulfill theses requirements. Leaders often lead by example and do not ask things of those that they personally won’t do themselves. (“What Is Leadership?”, 2019)
Managers embrace process, seek stability and control, and instinctively try to resolve problems quicklysometimes before they fully understand a problem’s significance. Leaders, in contrast, tolerate chaos and lack of structure and are willing to delay closure in order to understand the issues more fully. (“Managers and Leaders: Are They Different?”, 2019)
REFERENCES:
Larina Kase, M. (2019). Great Leaders are Great Decision-Makers. Retrieved from https://gbr.pepperdine.edu/2010/10/great-leaders-are-great-decision-makers/
Leadership vs. Management Success Lies in Knowing the Difference. (2019). Retrieved from https://chiefexecutive.net/leadership-vs-management-success-knowing-difference/
Managers and Leaders: Are They Different?. (2019).Retrieved from
https://hbr.org/2004/01/managers-and-leaders-are-they-different
Read the full definition. (2019). Retrieved from
http://www.businessdictionary.com/definition/manager.html
What Is Leadership?. (2019). Retrieved from
https://www.mindtools.com/pages/article/newLDR_41.htm
What is strategic management? Definition from WhatIs.com. (2019). Retrieved from https://searchcio.techtarget.com/definition/strategic-management

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