Business Finance
MGT 4070 Argosy Organization Mission and Strategic Intent Questions

MGT 4070

Argosy University

MGT

Question Description

I’m studying for my Management class and don’t understand how to answer this. Can you help me study?

WEEK 1 Discussion

An Organization: Its Mission and Strategic Intent

In this discussion, you will consider a company's strategic intent, its mission, and the role of stakeholders in developing an organization's strategy.

Select any two of the main questions and address all of their bullet points:

Question 1:

You have learned that stakeholders have profound impact on the direction and the success of a company. Based on your readings and learning, complete the following tasks:

  • Define the various classifications of stakeholders in a company and their role in strategic management decisions.
  • Explain the connection between stakeholders and competitive advantage.

Question 2:

You learned that strategic intent is an extension of a company's organizational culture and the cornerstone of the firm. Based on your readings and learning, complete the following tasks:

  • Discuss the importance of strategic intent and its impact on organizational success.
  • Discuss why it is important and how an organization can move from intent to implementation.

Question 3:

Based on your readings and learning, complete the following tasks:

  • Describe the attributes of an effective strategist.
  • Explain how you would create and sell a strategic mission to stakeholders.

Question 4:

We cannot always control political, technological, economic, or cultural issues. Given that, answer the following questions:

  • How often would you reevaluate your business strategy to maintain a competitive edge in the market place?
  • What factors would you use to evaluate the need for change, and what tools would you use to make the changes?
  • While performing an external environmental analysis, how important is it to use all four components and why?

WEEK 2 Discussion

To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Strategic Management and Competitiveness

In this assignment, you will decide on strategic management plans, a company's strategic competitiveness, and the best model for above-average returns.

In current market conditions, companies need to gain and then maintain a competitive edge over their competitors. They do this by employing a compelling and dynamic strategic management process to create a strategy that helps them achieve their goals before one of their competitors does.

Select any two of the main questions and address all of their bullet points:

Question 1:

Discuss the following questions in relation to strategic management:

  • What factors make up this process?
  • How important is it to change, and what criteria determine the changes in a strategic management plan?

Question 2:

Discuss the following questions in relation to strategic competitiveness:

  • How would you describe the twenty-first century competitive landscape and the various challenges it brings to businesses?
  • Why will a traditional mindset not lead a company to strategic competitiveness and what values must managers adopt to overcome these challenges?

Question 3:

Discuss the following questions in relation to above-average returns:

  • What are the differences between industrial organization (I/O) and resource-based models of above-average returns?
  • Which is a more successful model?
  • Which model will you use to help shape your strategic management plan and why?

Question 4:

Applying your understanding of strategic management, answer the following questions:

  • How can business-level and corporate-level strategies be best used to gain a competitive advantage and earn above-average returns? Explain.
  • What are the advantages and disadvantages of competitive rivalry?
  • How can a company use competitive rivalry to its advantage? Provide examples.
  • Under what conditions would you choose a single or dominant business corporate-level strategy versus a more diversified strategy and why? Discuss.

Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Complete your participation for this assignment by the end of the week.

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Week 3 Discussion

For this assignment, make sure you post your initial response to the Discussion Area by the due date assigned.

To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format

Business-level, Corporate-level, and International Strategies

Using the South University Online Library or the Internet, research about the following:

  • Globalization
  • International strategic alliances
  • Cooperative strategies

Select one of the main questions and address all of its bullet points:

Question 1

Based on your research and reading, complete the following tasks:

  • Define liability of foreignness and regionalism. Discuss how it relates to and how it impacts international strategies.
  • Describe corporate strategic alliance and discuss why a company would want to develop one. Are strategic alliances necessary for a company to expand internationally?
  • Describe the primary reasons for failure of an international strategic alliance. Identify at least four fundamental issues that affect trust between partners, and explain when an acquisition is more favorable than a strategic alliance.

Question 2

Cooperative strategies seem to be a good idea. Using what you have learned about strategic management and in relation to cooperative strategies, respond to the following questions:

  • Discuss the difference between a business-level cooperative strategy and a corporate-level cooperative strategy. Under what circumstances would you choose to develop a cooperative strategy? When is it not a good idea?
  • Explain the approach you would adopt to manage a cooperative strategy between two companies.
  • Describe the three types of strategic alliances and the reasons why companies develop them.
  • Describe situations when each is most appropriate to adopt.

Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Complete your participation for this assignment by the end of the week.

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Week 4 Discussion

For this assignment, make sure you post your initial response to the Discussion Area by the due date assigned.

To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Corporate Governance

Governance mechanisms are considered to be effective if they meet the needs of all stakeholders, including shareholders. Governance mechanisms are also an important way to ensure that strategic decisions are made effectively. As a potential employee, how would you go about investigating a firm's governance structure? Would that investigation weigh in your decision to become an employee?

First, address the following item:

Identify a firm that you would like to join or one that you just find interesting. Complete the following research on your target firm:

  • Find a copy of the company's most recent proxy statement and 10-K. Proxy statements are mailed to shareholders prior to each year's annual meeting and contain detailed information about the company's governance and present issues on which a shareholder vote might be held. Proxy statements are typically available from a firm's website (look for an "Investors" submenu). You can also access proxy statements and other government filings such as the 10-K from the SEC's EDGAR database.

Click on the weblink U.S. Securities and Exchange Commission to access SEC's EDGAR database.

Alongside the proxy, you should also be able to access the firm's annual 10-K. Here you will find information on performance, governance, and the firm's outlook, among other things.

  • Identify one of the company's main competitors for comparison purposes. You can find this information using company analysis tools such as Datamonitor.

Second, address any five of the following topics:

  • Compensation plans (for both the CEO and board members; be sure to look for any difference between fixed and incentive compensation)
  • Board composition (for example, board size, insiders and outsiders, interlocking directorates, functional experience, how many active CEOs, how many retired CEOs, what is the demographic makeup, age diversity, and so on)
  • Committees (how many, composition, compensation)
  • Stock ownership by officers and directors—identify beneficial ownership from stock owned (you will need to look through the notes sections of the ownership tables to comprehend this)
  • Ownership concentration—evaluate the firm's outstanding stock owned by institutions, individuals, and insiders and identify the no. of large-block shareholders (owners of five percent or more of stock)
  • Does the firm utilize a duality structure for the CEO?
  • Is there a lead director who is not an officer of the company?
  • What are the activities by activist shareholders regarding corporate governance issues of concern?
  • Are there any managerial defense tactics employed by the firm? For example, what does it take for a shareholder proposal to come to a vote and be adopted?
  • What is the firm's code of conduct? List them.
  • Summarize what you consider to be the key aspects of the firm's governance mechanisms.
  • Highlight key differences between your target firm and its competitor.
  • Attach a graph to your post that covers the last 10-year historical stock performance for both companies. If applicable, compare both using a representative index such as the Standard & Poor's (S&P), National Association of Securities Dealers Automated Quotation (NASDAQ), or other applicable industry index.

Finally, based on your review of the firm's governance, discuss any change in your opinion of the firm's desirability as an employer.

Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Complete your participation for this assignment by the end of the week.

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Week 5 Discussion

For this assignment, make sure you post your initial response to the Discussion Area by the due date assigned.

To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Organizational Structure and Strategic Leadership

The business firm is no longer just a place where people come to work. For most of the employees, the firm confers on them that sense of belonging and identity—the firm has become their "village", their community. The business firm of the twenty-first century is not just a hierarchy, which ensures maximum efficiency and profit; it is also the community where people belong to and grow together—where their affective and innovative needs are met (Lim, Griffiths, & Sambrook, 2010).

Reference:

Lim, M., Griffiths G., & Sambrook, S. (2010). Organizational structure. Mind Map Route. Retrieved from http://www.mindmap.0rg.pl/?mindmap= Organizational_structure

Select any two of the bullet points for your response.

  • How important it is to be able to identify and distinguish between the organizational structures used to implement business-level, corporate-level, and international strategies? Give examples of various organizational structures and how they are used to develop strategies.
  • What is the relationship between organizational structure and organizational controls? Are they always interrelated? What will happen to a company's competitive advantage if one or the other isn't in place?
  • What are the attributes of an effective strategic leader? Discuss the value that an effective leader brings to the strategic management process.
  • What is the relationship between organizational culture, leadership, strategy, and structure?

Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Complete your participation for this assignment by the end of the week.

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Final Answer

Attached.

Discussion Questions
Name
Professor
Institution
Course
Date

WEEK 1 Discussion
Question 1:


Define the various classifications of stakeholders in a company and their role in strategic
management decisions.

In an organization, stakeholders can broadly be classified as either internal or external
stakeholders. Internal stakeholders consists of the employees and any other person who strives to
make the mission and goals of the company achievable. External stakeholder, on the other hand,
consists of all the investors, country’s regulators, community, customers and vendors who keep
the company alive by conducting daily business with the company. All decisions regarding the
management of the organization are made in such a way that all stakeholders’ interests and
expectations are met and protected while considering the ethical standards.


Explain the connection between stakeholders and competitive advantage.

When an organization is able to map their competencies and ensure the interests of all relevant
stakeholders are met, it boasts of competitive advantage. This occurs when the company’s
stakeholders are assured of their returns, which is when the firm can be said to draw a competitive
advantage over other competitors in the market that is as a result of its superior strategies and
practices it has adopted. Satisfaction of stakeholder’s remains one of the greatest strategies any
firm would invest in, with those who are able to do this said to have had a competitive advantage.
Question 3:


Describe the attributes of an effective strategist.

Effective strategists are the one who can align with the organization’s capabilities and generate
a pivotal pool of talent that ensures knowledge transmission among all stakeholders. They also
are able to study the internal and external environments of the company and then propose a
design process that the operations will be able to support in a short and long terms. Similarly,
an effective strategist is one ensure the innovations made can easily support the company’s
operations.


Explain how you would create and sell a strategic mission to stakeholders.

Any strategic mission in an organization is based on the set goals and the codes of conduct.
Therefore, to ensure the mission is a realistic thing to the stakeholders so that they can accept
it, it’s important to make sure it’s based on the triple bottom line and the organizations
operatives. With that, it’s very likely that it will work.
WEEK 2 Discussion
Question 1:


What factors make up this process?

With regard to strategic management, the process involves the strategic competitiveness,
analysis and performance. The strategy factor involves designing and executing various
strategic formulations and implementing them. Analysis factors, on the other hand, involves
looking at both internal and external organizational environments to try and establish a vision
for the company. Similarly, the performance factor is mainly measured by use of strategic
competitiveness over the total or average returns of the company.



How important is it to change, and what criteria determine the changes in a strategic
management plan?

Having the willingness to make changes is key to any organization. Both technology and
environment are constantly changing, which means organizations also need to change from
time-to-time to fit to the current environment and also be successful in their strategic
management plans. To achieve flexibility in their strategy and have a continuity basis in order
to gain competitive advantage, organizations need to develop a learning capacity. They need
to provide a continuous learning process encompassing both new and trending skill sets that
will allow them adapt to their environments.
Question 2:


How would you describe the twenty-first century competitive landscape and the
various challenges it brings to businesses?

With various technological advancements in the twenty-first century, competitive landscape is
continually improving, with multiple competitive landscapes been brought onboard. With the
changes becoming relentless and ever-increasing, the determination of boundaries in an
organization also becomes important (Bereznoy, 2019). This has also come as unprecedented
challenge to other businesses since they are forced to offer products of high quality at a
competitive price from other companies. It also makes businesses become more diverse and
might start producing various products and services.


Why will a traditional mindset not lead a company to strategic competitiveness and
what values must managers adopt to overcome these challenges?

A traditional mindset in managers of an organization is unlikely to lead them to any strategic
competitiveness because of the ever changing business environment. The organization must
learn to adopt to new mindsets valuing speed, flexibility, integration, innovation, and other
challenges evolving from the constantly changing conditions (Hosain, 2019). Failure to do that,
they will fail to maintain a competitive advantage.

References
Bereznoy, A. (2019). Changing competitive landscape through business model innovation:
The new imperative for corporate market strategy. Journal of the Knowledge Economy, 10(4),
1362-1383.
Hosain, S. (2019). The role of information technology on strategic HRM: Transformation of
traditional mindset. Available at SSRN 3459536.

Week 3 Discussion
Question 4:


Define liability of foreignness and regionalism. Discuss how it relates to and how it
impacts international strategies.

The liability of foreigners involves dealing with any extra costs of the firms that are able to
operate from their home countries and which surrounds us and make us experience the incurred
of other local firms near them. Conducting business with some countries, especially the ones
that may inflate the costs can increase the risks to the organization. Therefore, before
establishing any business it’s important to conduct a study of the country the firm will be
working with especially when it comes to the liability of foreigners to better understand the
risks they likely to face. Regionalism, on the other hand, involves bringing onboard more than
one country to form an alliance which is necessary to solving common issues that might occur.
Regionalism can take any design that is organized by the firm to help protect its goods and
services while observing the policies in each region. It’s useful when managing opportunities
brought by people from specific countries that are working together. Both liability and
regionalism are crucial in the establishment of international strategies since they give different
countries an opportunity to establish different risks and costs involved in each country.


Describe corporate strategic alliance and discuss why a company would want to develop
one. Are strategic alliances necessary for a company to expand internationally?

Strategic alliances refers to partnership between two or more corporations to work as one
cohesive unit with the aim of accomplishing goals, where they are both beneficiaries of the
outcomes. Companies coul...

alfiegaraxy (4923)
Boston College

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