Creating Wealth in Organizations (50 Points)
After carefully reading the article “Creating Wealth in Organizations: The Role of Strategic Leadership,” answer the following three questions with support from a minimum of two external sources.
Your paper should be 3 4 pages long; ensure it cites two external sources and adheres to the CSU Global Guide to Writing and APA Requirements. The CSU Global Library is a good place to find sources
Financial mangers make decisions today that will affect the firm in the future. The dollars used for investment expenditures made today are different from the cash flows to be realized in the future. What are these differences? What are some of the techniques that can be used to adjust for these differences?
NEEDS TO BE APA
Assignment
Read the Case Analysis at the end of chapter 4, on pages 147 148 (print text) and answer the questions that follow.
Table 4 1 and identify which sources were used. Are there any other sources that would provide useful information?
2.
In collecting information, did the training analyst ask the correct people for the relevant information? Explain your answer. Hint: Examine Table 4 2.
3.
How would you go about dealing with the nontraining needs? Why is this important?
4.
What sources of data were used in the operational analysis? Indicate how closely they correspond to the ideal model presented in the text.
5.
What sources of data were used in the person analysis? Indicate how closely they correspond to the ideal model presented in the text.
Web Research
Conduct an Internet search to identify a needs analysis model that is different from the one presented in this chapter. Summarize the two models and describe how they differ. Provide a critical analysis of these differences.
Case Analysis
Fred recently became a manager at a local hardware store that employs six managers and 55 nonmanagement employees. As new, larger chains such as Home Depot come to the area, the owner is concerned about losing many of his customers because he cannot compete on the basis of price. The management team met and discussed its strategic response. The team determined that the hardware store would focus on particular items and make personalized service the cornerstone of its effort. Fred’s responsibility was to train all nonmanagement employees in good customer relations skills; for that he was given a budget of $70,000. Over the past six months, Fred has received a number of training brochures from outside organizations.
147148
One of the brochures boasted, “Three day workshop, $35,000. We will come in and train all your employees (maximum of 50 per session) so that any customer who comes to your store once will come again.”
Another said, “One day seminar on customer service skills. The best in the country. Only $8,000 (maximum participants 70).”
A third said, “Customer satisfaction guaranteed on our customer satisfaction training for sales clerks. Three day workshop, $25,000. Maximum participants 25 to allow for individual help.”
Fred liked the third one because it provided personalized training. He called the company to talk about its offering. The consultant said that by keeping the number small, he would be able to provide actual work simulations for each of the trainees. He also indicated that he would tailor the simulations to reflect the hardware store. Fred noted that they would need two sessions and asked the consultant if he could take a few more per session to accommodate the 55 employees. The consultant agreed. The training went ahead, and the cost was under budget by $20,000.
Case Questions
1.
Do you agree with Fred’s decision to use the third vendor? Using concepts from the chapter, explain your answer.
2.
What else might Fred do before choosing a training package? Use information provided in Chapter 2 and 3 to describe your approach. Make sure to provide enough detail to demonstrate your understanding of the key issues and approaches to determining how to proceed once a triggering event has occurred.
3.
If training went ahead as indicated, how successful do you think it would be? Explain your answer using concepts from this chapter.
1)Make sure you are familiar with the details of a Rite of Passage as they are presented in the textbook. Pay special attention to the details of each of the three phases of a Rite of Passage.
2) Choose a specific ritual to write about. You should find ample material in the university library or online. Do not use the rites of passage from your textbook, or if you do make sure that you have gathered a great deal of extra material from other sources. I will be the most critical of those specific rites. Make sure that it is a rite of passage. Does it contain the three phases of a rite of passage? Do you know enough about the ritual to write a detailed essay? Make sure you can look at the ritual objectively. It is important to look at the ritual as a functional piece of a culture.
3)Write an essay of at least 300 words describing the ritual you have chosen, making sure to clearly illustrate how it fits the criteria for a Rite of Passage. If the essay is less than 300 words you will not receive any points for the assignment. I would suggest you organize your essay as follows as it will make grading the assignment (an awarding you all possible points) easier for me and my TA.
Introduction paragraph:Tell me what you are going to tell me. Introduce the concept of a write of Passage and let me know what ritual you will be describing.
Separation Phase:Describe, in detail the portion of your chosen ritual that serves as the separation phase of the ritual. Then describe how this portion of your ritual fits the criteria for the separation phase.
Transition Phase: Describe, in detail, the portion of your ritual that serves as a transition phase. Then, as before, describe how the portion of your ritual fits the criteria for the transition phase.
Introduction Phase:I think you should understand what to do by this phase.
Conclusion:Briefly summarize what you have told me.
By the end of the essay, I should be convinced that you have a solid grasp of the parts and functions of a rite of passage. I should also have enough detail from you about the ritual you have chosen to be convinced that you know your ritual and that it is indeed a rite of passage. Finally, you should deliver a clearly written essay, without grammatical or spelling errors.
