A genogram: A kid like Jake

Family dynamics are patterns of relating or interacting among the members. Every family
system and its momentum is unique with some common patterns. Every family has helpful and
unhelpful dynamics. Dynamics play a crucial role in influencing the lives of young people. The
models of the family are essential in helping young people find their identity, behaviors, and
wellbeing. The understanding of the influence of family dynamics on young people's perception
helps social workers to pinpoint the current needs of a young person.

The family dynamics include alignments, hierarchies, roles, and patterns of interaction among family members. This
paper will assess the family in the movie "A Child Like Jake" to determine the family dynamics
with appropriate examples using the following guidelines (Howard, 2018).

A genogram is useful in documenting the general family history. It sheds lights on
family situation and relationships. Eco maps help identify areas of need for the family. In our
case, Alex Wheeler and her husband, Greg, are the parents in this family with a boy child called
Jake. Jake has a grandmother who refers to him as his favorite grandson. This primary family
relates to affection and love. Jake, as a child, is surrounded by so much love from the parents and
the grandchild. The genogram cannot trace back for several generations because the movie
captures three generations only (Souza, Bellato, Araújo, & Almeida, 2016).

The diagrams from Hartman (1978/1995) illustrates a simple form of a genogram. Alex,
the mother in the family, wants to embrace the life of her child who is gender-expansive in terms
of clothing. Alex plays a massive role in putting the family together by caring for the needs of
her family. She wants her child to experience love and comfort in the new school, despise his

SOCIAL WORK: A genogram

reaction. Greg is the father to Jake and husband to Alex. Jake worries for the future of the child
and wonders if the phase will pass where Jake will stop desiring the princess lifestyle. Greg is
protective of his son from the confusion of dressing up in a gender-specific way. More so, Greg
thinks that the family should see some therapist or counselor for the issue they are having with
Jake gender confusion. Also, the grandmother supports the family even when they are facing
problems. He gives love and affection to the grandson and his daughter. She keeps on checking
on their welfare often (Souza et al., 2016).

The Eco map as a tool for assessment, planning, and intervention can be used in this case.
It maps the relationship between the family and the living space. In this case, Greg and Alex
seem to be in a complicated situation in their relation. Jake's issues and concerns have brought
some disagreements to the parent. Jake's gender-expansive behaviors have attracted advice from
external sources such as school, friends, and extended family. The teacher in school seems to
play a huge role in learning Jakes interests. Also, Greg finds it crucial to include a counselor to
help them find a solution in this situation. The society is an external aspect that plays a massive

SOCIAL WORK
role in shaping the life of Greg in identifying his gender identity. In this environment, Jake's
teacher is a sound support system for Jake gender identity and tells the parent the advantage of
having such a child in society (Souza et al., 2016).

McMaster Model of Family Functioning and Family Life Cycle
The understanding of the organization, patterns, and structures of a family focuses on six
dimensions of family functioning. These dimensions include problem-solving, communication,
affective responsiveness, roles, affective involvement, and behavior control. These dimensions
have an impact on the emotional and physical health of a family. According to McMaster model,
each aspect contributes to a fuller understanding of a complex entity such as family. Some of the

SOCIAL WORK
areas of the model interact or complement each other. In line with the family in the movie A
Child Like Jake, we shall discuss each dimension (Walker & Crocker, 2017).
Problem solving
Problem-solving refers to a family' power or ability to resolve problems to a place of
effective family functioning. A family problem is an issue that threatens the functional capacity
of the family. Some families have ongoing family issues that are difficult to solve.

Productive functioning families tend to solve their problems easily compared to ineffective ones. The model
divides the family problems into two. These include instrumental and affective ones. The
instrumental goes around managing everyday life problems such as food and clothing. The
emotional issues include issues and concerns dealing with feelings or emotions (Walker &
Crocker, 2017).

The Greg family is faced by an Affective problem that raises emotional concerns between
the couple and their child. The family suffers from a question that is not common to most
families. The matter brings various symptoms of anger and desperation from the parents. He
experiences confusion and bullying from other children because of his gender-expansive
behaviors. Consequently, the model gives some stages to achieve practical problem-solving.

One of the steps is identifying the problem, which is Jake's gender expansive behavior.
Communication with the appropriate people about the problem is another stage toward solving
the problem. In this case, the couple should talk to each other, their child, and the teacher to
understand the issue better (Walker & Crocker, 2017).
In continuation, developing a viable alternative solution is the next stage of solving the
problem. This stage includes the plans to consider concerning the problem-solution options.

SOCIAL WORK: A genogram:
Deciding on one of the alternatives is the next phase. It ensures that the family can come up with
a solution. In our case, the answer is accepting the gender needs of the child and providing them.
The next phase is acting on the decision of the action plan to solve the problem. Monitoring the
action is another stage toward achieving a sustainable solution. Finally, evaluating the
effectiveness of the work is crucial to ensure positive results and making changes where
necessary (Walker & Crocker, 2017).

Communication is the next dimension of the McMaster Model. Its verbal exchange of
information within the family. Both oral and non-verbal communication is crucial in a family
set-up. The conversation should be clear and direct to foster a practical family. In the case of the
Greg family, communication is a challenge. Both the husband and wife seem to blame each other
on the fault of the issue. The misunderstandings are seen in most of their communication.

The communication is characterized by anger and makes the situation worse. In some point, the
couple gets into a serious disagreement that puts their relationship at risk. Contradictory
communication makes the situation worse. In this view, Greg and Alex were supposed to sit
down and communicate or use the third party in reaching a consensus. The sense of hesitating
may occur when discussing the problem but should not compromise the communication ability
(Walker & Crocker, 2017).

Roles are the next dimension of the model to effective family functioning. Characters are
repetitive patterns of behavior where family members fulfill their functions. Families need to
deal with features repeatedly to maintain a healthy and productive system. Some of the necessary
family functions include the provision of resources, nurturing and support, adult sexual
gratification, personal development, maintenance and management of the family system (Walker
& Crocker, 2017).

SOCIAL WORK: A genogram
In the movie, the provision of resources is well catered, where the parent can afford food,
shelter, money, and clothing. Nurturing and support lead to the regulation of comfort,
reassurance, and support for family members. Jake's grandmother and the friends to Greg and
Alex are instrumental in nurturing and supporting the family during the crisis.

Adult sexual gratification is crucial for partners in the family. In Greg family, both parties
seem to be having satisfactory intimacy from their partners. Personal development includes both
affective and instrumental elements that include skills in education, career, and raring children.
(Walker & Crocker, 2017).

Both Greg and Alex seem to nurture each other in achieving personal
development in their area of specialty. Maintenance and management of the family system are
compromised in the case of Greg and Alex in deciding the school to take Jake. Controlling the
child's gender-expansive behaviors is compromised by society.

In this case, a consensus is
achieved by involving a third party. Role allocation and accountability seems to be completed by
the parents in ensuring Jake receives support and provision as a child.
Affective responsiveness is the other dimension.

This aspect examines the emotional
responses of family members by analyzing its experience in effective stimuli. More so, welfare
emotions and emergency emotions are the two spectrums of emotional reactions. Welfare
emotions consist of affection, warmth, support, love, happiness, and joy. Emergency emotions
include anger, sadness, depression, and disappointment. Some considerations are observed
during this assessment how the family members are showing the feelings and the cultural factor
that may influence the responses. Moreover, a well-functioning family should be in a position to
express a full range of emotions (Epstein, Ryan, Bishop, Miller & Keitner, 2003).

SOCIAL WORK:A genogram
Greg and Alex seem to have effective responsiveness in their relationship. The couple
seems to enjoy happiness, affection, and joy in good times. In a time of distress. They
transparently portray anger and stress. The child Jake is another character in the movie that
shows a different range of emotions of happiness, sadness, and passion.
Affective involvement is a dimension that helps to analyze how a family shows interests
in particular activities of individual family members.

The focus on the degree of interest in each
other and the expression of the benefit is crucial. The range of involvement includes lack of
involvement ar one end to an extreme amount of participation at the other end. The model that
provides for lack of engagement, involvement devoid of feelings, narcissistic involvement,
emphatic involvement, over-involvement, and symbiotic involvement, identifies six types of
involvement (Epstein, Ryan, Bishop, Miller & Keitner, 2003).

A genogram
The Greg family demonstrates over-involvement in the life of their child Jake. Greg and
Alex want to protect their child in an over-involvement approach. The parent analyzes every
aspect of the child with the intention of helping him. Also, Alex and Greg are involved in each
other's lives that makes them close and affectionate. More so, the grandmother to Jake is
empathically involved in Greg family by seeking time to spend with him and checking on him
often (Walker & Crocker, 2017).

A genogram
The behavior control dimension is crucial in defining the pattern the family adopts for
handling behavior in three defined areas. These areas include dangerous physical situations,
meeting and expressing psychobiological needs circumstances, and socializing behaviors
between family members (Epstein, Ryan, Bishop, Miller & Keitner, 2003). The real hazardous
situations control actions such as playing with matches and dangerously running into the road.

SOCIAL WORK:A genogram
The psychobiological needs help to manage behaviors such as sleeping, eating, sex, and
aggression. Socialization behavior helps the members to interact with people effectively both
within and outside the family circle (Walker & Crocker, 2017). Greg and Alex are flexible
people who treat Jake with love and compassion in all areas. The parents are concerned about
how Jake deals with other children in school.

Alex wants to believe that Jake knows how to
speak out his concerns instead of fighting with other children. Also, the parent is concerned with
how Jake will be related to children when he gets to pre-school. The aspect of having a gender
identity issue brings a concern to the parent. They want their child to feel safe and comfort when
interacting with people outside the family circle, especially in school.

Family life cycle
A transition is seen in the family status. The parent realizes the need to accept their child
gender identity and supports it as a means to solve the problem (Walker & Crocker, 2017). The
child seems to thrive in the new status of transgender identity. Society appears to change in
accepting gender-expansive behaviors of a child from childhood. The teacher seems to take Jake
and finds his unique traits as favorable when looking for a school.

A genogram

Also, turning points are seen
in how the two parents view Jake in his new identity. They seem to love him when dressing as a
girl. The parent dresses Jake in a girl's clothes. This action is a significant change in how they
view life. Also, people in society seem to change their view about transgender issues. The
community is accepting and allowing children to find their identity as young as Jake.

SOCIAL WORK:A genogram
Functionalism is one of the theories of family. Functionalists show that families are an
essential social institution that plays a crucial role in stabilizing society. The family and its
members perform a specific function that promotes prosperity and development of the nation.
The Greg family is an essential part of the community. Its features are reflected in society. Also,
the role of each character in the family shows the cultural shaping of the division of labor in the
family.

The functionalism explains how parents train their children about life skills. This aspect
is seen in Greg and Alex as they prepare Jake on the point of life. Parents teach their children
gender roles as an essential aspect of a family. Consequently, the interests of the child that are
shaped by readings and DVDs guided Jake into desiring clothes from the opposite sex. The
mother seems to have contributed to the gender-expansive behavior of the child (Turner, 2017).

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Social business process management

The article by Fingar explains that technology is more that using a computer to perform
basic roles. The technology comprises of using the computing abilities to be creative for
innovation purposes. Fingar explains that the current economy is being taken over by intellectual
properties. This economy is being driven by the growing use of the software. He finds the
abundance of social media as a source of unnecessary noise that is not healthy for business. Also,
it consumes employees time. He finds that the social networks have created an easy way of
reaching a large audience but hard enough to connect with them.

Social business process management

In contrary, the IBM Software article argues that social networks will foster a micro-
economy where the currency will be trust. The various networks will enhance business
processing and successful delivery of services. The abundance of the social network will foster a
good customer relationship management. The internet will provide an online engagement that
gives a consumer the confidence of buying a product. The online social platforms are a form of
direct customer relationship that can replace marketing materials.

Social business process management

However, both articles have similar views as follows. They both confirm that social
media is a platform of communication and connecting. The articles concur by arguing that social
network can improve product sales. However, Fingar adds that strategic planning and
management is essential to acquire the benefits. They agree that social network is a place to
reach customers. Additionally, finger argues that a network can help reach people but not does
not assure the connection with the people. Their argument on the various networks as a means of
sharing information agrees, but Fingar perceives it as noise.

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Strategic Management and Business Policy

Course Textbook:
Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2015). Concepts in strategic management
and business policy: Globalization, innovation, and sustainability (14th ed.). Upper Saddle River, NJ:
Pearson.

Strategic Management and Business Policy

Unit I Assessment
Question 1
Does a corporation have to act selflessly to be considered socially responsible?
Your response should be at least 75 words in length.

Strategic Management and Business Policy
Question 2
Contrast agency theory and stewardship theory.
Your response should be at least 75 words in length.

Strategic Management and Business Policy

Question 3
What are the responsibilities of the board of directors? Please provide an example of a board of directors
that did not meet its responsibilities.
Your response should be at least 200 words in length.

Strategic Management and Business Policy
Question 4
Explain the Sarbanes-Oxley Act and its impact on corporate governance. How has it changed the way we
do business in the United States? Please include an example to support your viewpoint.
Your response should be at least 200 words in length.

Strategic Management and Business Policy

Unit V Assessment
Question 1
What is a functional strategy?
Your response should be at least 75 words in length.
Question 2
Define corporate parenting.
Your response should be at least 75 words in length.
Question 3
List and describe four popular options for international entry.
Your response should be at least 200 words in length.
Question 4
What is outsourcing? What are the seven major outsourcing errors that should be avoided?
Your response should be at least 200 words in length.

Strategic Management and Business Policy

Unit IV Assessment
Question 1
Discuss the most commonly practiced form of forecasting.
Your response should be at least 75 words in length.

Question 2
Describe the purpose of an EFAS Table.
Your response should be at least 75 words in length.
Question 3
In what ways may a corporation's structure and culture be internal strengths or weaknesses? Look at your
organization, and analyze its structural and cultural strengths and weaknesses. How can the weaknesses
be improved?
Your response should be at least 200 words in length.
Question 4
Distinguish between a fragmented and consolidated industry, and describe examples of each.
Your response should be at least 200 words in length.

Strategic Management and Business Policy

Unit IV Mini Project
Unit IV Mini Project
EFAS table Using the information gathered from your SWOT analysis conducted in Unit II, create an EFAS
table for the company you researched. Use Microsoft Word to create your table.
It should have five columns.
The first column heading should be entitled External Factors, the second column should be titled
Weight, the third column should be titled Rating, the fourth column should be titled Weighted Score,
and the fifth column should be titled Comments. (Refer to page 121 in your textbook for an example.)
1. In the External Factors column, list at least six opportunities you saw in the company you researched.
Underneath the opportunities, list at least six threats you saw in the company you researched.
2. In the Weight column, assign an importance factor to each of these issues from 0.0-1.0 (1.0 is most
important; 0.0 is least important). These ratings are based on the probable impact on a particular
company’s current strategic position. The higher the weight, the more important the factor to the
current and future success of the company. You may not be privy to the exact information for this
company, so in some cases you will need to use your best judgment. (You will justify your weighting in
column five.)

3. In the Rating column, assign a rating factor from 5.0-1.0 (5.0 is outstanding; 1.0 is poor). These ratings
are based on the company’s response to that particular factor. It is a judgment call on how the company
is currently dealing with each specific factor. Once again, you may need to make an estimate in this area
if you are not privy to all of the information. (You will justify your weighting in column five.)
4. In the Weighted Score column, multiply the weight from column two by the rating in column three to
get the factor’s weighted score.
5. In the Comments column, explain why a particular factor was selected and how its weight and rating
were estimated. 6. At the bottom of column four, add the weighted scores for the external factors. Is
the company doing better or worse than others in the same industry? Complete this answer underneath
your table.

Answer

Strategic Management and Business Policy

Unit 1 Assessment answer 

Question 1

A corporate that executes its activities under a capitalism cannot be judged by its attitudes. Most companies exercise selfish motivations in business that results in a better society in terms of material goods. In a free enterprise system, it is acceptable for a business to act selfish for its own good. However, its actions should have positive effects on the functional society. The society does not demand any firm to be selfless when fulfilling its economic and legal responsibilities. Likewise, we should not demand the different corporates we have in our society to act altruistic when fulfilling their discretionary and ethnical responsibilities.

Strategic Management and Business Policy

Question 2

Agency and stewardship theory are used in firms and are about the relationship between principle and agent. The agency theory argue that managers if left unattended are likely to make decisions that are influenced by personal views. In contrary, stewardship theory stipulates that if managers are given authority and responsibilities they will act on behalf of the principle. The agency theory believe that individual behaviors are based on self-interest that will conflict with principal’s interest. The stewardship theory is based on serving others and aligns with the principal’s interest.

Strategic Management and Business Policy

Question 3

The board of directors are appointed to perform duties on behalf of the various shareholders. They ensures the prosperity of an organization by directing the company affairs together. They meet the specific interests of the shareholders by executing appropriate action. They deal with challenges and issues relating to corporate governance, social responsibility, and ethics. They tend to meet periodically to their responsibilities to facilitate the overall situation of the company. The directors are responsible of making decisions at the top level of the business. They delegate executive authority to appropriate individuals with a direct and adequate reporting. Specifically, the board of directors establish mission, vision and the values of the company. They create an organizational structure, delegate management, and ensures accountability to the shareholders. The AIG board of directors failed to meet their duty in power struggle. The chair resigned his position due to a dispute with the chief executive. The two leaders has been in a struggle of defining who has the authority over decision making and setting the future direction. This dispute made the AIG to sell assets to raise funds for repaying billions of dollars of government bailout. However, the shareholders of the company did not react positively toward the transaction.

Strategic Management and Business Policy

Question 4

The Sarbanes-Oxley Act is one of the legislation following the financial market failure. This act has influenced the public business by transforming of the financial system. The act addressed the investor confidence and fraud through addressing the public corporates reporting standards. However, this enactment led to collapsing of many big companies during 2002 and 2004. Sarbanes-Oxley Act changes were extreme and deep. The changes led to foundation of Public Company Accounting Oversight Board, personal liability auditors, executives, and board members. This changes required extensive internal control procedures that were not present before the Sarbanes-Oxley Act. It added cost to the public corporates due to the personal liability audits that are required by the Act. The company has incurred liability with increased due diligence and time needed to complete the audits. The high cost of auditing is complemented by expansive internal control software that has to track and review the company’s internal performance. The penalties of not cloying with the Sarbanes-Oxley Act are steep. The investors’ confidence can be measured. However, the framers of the Act intended to favor them. The Act created a barrier for the foreign investors due to the increased cost of operation within the United States. The small and medium size business decides not to go for public sectors while others have changed to private companies.

Unit V Assessment

Strategic Management and Business Policy

Question 1

Functional strategy is referred as the organizational strategic plan for human resources, research, development, marketing, and various functional areas. The operational management in the functional strategy is based on specific department in a firm. A successful functional strategy means that a company have acquired a powerful strategy of selling its goods and services to customers. It allows an organization to deal with means of its long-term plan and short-term goals and objectives. The functional strategy helps the small businesses to evaluate the effects of plans and goals specific to their market.

Strategic Management and Business Policy

Question 2

Corporate parenting is referred as a collective responsibility of the elected members, council, employees, and partner agencies to offer the best possible care and safeguarding for the children who are looked after by the council. The approach has been introduced to improve the lives and the future of the most vulnerable people. The corporate parenting carries out the many roles such as loving, caring, offering advices, and offering the best possible responsibility. This concept is intended to encourage people and organizations to do much in offering children and young people feel in control of their lives and overcome challenges that they face.

Strategic Management and Business Policy

Question 3

International entry have four main popular entries that includes exporting, licensing, joint venture, and direct investment.

Exporting is a feasible option that a company can use to gain entry in the international market. This method has existed for a long time in the market. Most companies refers to it as a traditional method. Organizations use this method by employing their home-based production to international market where the goods are sold. This option does not require a company to have any direct manufacturing in the foreign markets. Instead, it requires an effective and well-analyzed marketing strategy to acquire success in the international market. The various advantage of this option is minimized risks that occurs with foreign operations. The company understand the business forces in a foreign market before making a major investment.

Another option includes the licensing method that is less risky. The foreign government or association will grant the company the permission to produce its products in their market. the organization will use their brand name in the market as they agree to offer some payment to the government of the association offering the license. Joint venture is another option that an organization uses to access the international market. It involves the sharing of risk by collaborating with another organization in the host country. The two organizations will shares knowledge and expertise to help them develop a partnership that will give profit. The attained profit is shared between the two firms.

Direct-investment involves the decision of the company to establish a manufacturing plant in the foreign market. The government of the host will give the organization a rate of taxation. The taxation and establishment of a plant is important for the host company because it provides employment and income revenue.

Strategic Management and Business Policy

Question 4

Outsourcing is a process in which goods and services or resources are purchased from other companies or associations instead of being made internally. The decision on outsourcing depends on the fraction of total value added and the potential competitive advantage. The seven outsourcing mistakes that should be avoided includes

1. Outsourcing resources or activities that directly influence the customer. For example, resolving a customer complaint. Functions such as customer services and sales should be operated inside the company because of their direct touch on the customers.
2. Overestimating the cost savings is an error that most companies do in their outsourcing. More importantly, the company should not think that outsourcing would save the entire cost. In most cases, companies incurs time cost when ensuring compliance with standards, performance, and feedback procedures.
3. Lack of providing guidance makes outsourcing unsuccessful. It best operates under specific guidelines, rules, and procedures. A company should take it time to create the guideline to ensure high level of understanding and performance. Outsourcing partners requires procedures in order to outsource everything that is written.
4. Jumping into outsourcing too quickly is an error that should be avoided. Turing into outsourcing options slowly is essential to acquire the confidence of the partner. A company should use enough time to consider and determine the best partners and the function to outsource.
5. Failing to put measurement in place should be avoided in outsourcing. Having measurement helps the company to keep in mind the activities that are out of sight. There is need to determine the best performance standards that will help to periodically monitor and evaluate the results.
6. The company should avoid giving the outsourcing partners too much authority. The partners should be treated as any other vendor or suppliers. They can go off the business and the company should be ready for such emergencies. Therefore, it is not wise to go all in with outsourcing partners.
7. Ignoring a disagreement strategy is a mistake to avoid in outsourcing business. Every contract should include measures of disagreement that should not be ignored.

Unit IV Assessment

Strategic Management and Business Policy

Question 1

Forecasting refers to future projections indicating what changes might occur, given assumptions that are typically presented in ranges. Trend extrapolation is the most common practiced form of forecasting. Records shows that most corporations have used trend extrapolation. The main argument behind this method of forecasting is that the world changes at a relatively slow pace thus the short-term influences should be minimal. However, the short-term extrapolation has higher chances of success compared to the uncertainty of long term that increases the chances of forecasting errors.

Strategic Management and Business Policy

Question 2

An External Factor Analysis Summary table (EFAs) is a tool in business that utilizes a means to organize eternal perspectives into groups of opportunities and threats. The EFAs table is usually accompanies the SWOT analysis. It is useful in analyzing the company’s management that is directly connected with the eternal factors. When the EFAs are used together with the SWOT analysis, they become useful in forming business strategies for the success of the company. The table is able to identify the external factors that are strategically important to a company.

Strategic Management and Business Policy

Question 3

The corporate structure and culture are designed to help achieve performance in the market. The company’s structure and culture are critical in today’s competitive and uncertain business climate. Corporate structure is simply the sum total of the methods in which it delegates its labor into distinct tasks and gain control over them. Corporation culture is the personality of the corporation. They involves values, norms, assumptions, symbols and behaviors of the corporate members. Both the structure and the culture can be internal strength of a company. The strengths can be visible when the management align its human resource with capabilities and resources of a firm effectively. The structure design can maximize the innovation abilities in an organization. Weaknesses can occur when the design of the structure and the culture is not adopted by the members. Also, the structure and culture that do not create a conducive environment may become weaknesses. In my organization, the structure has created a performance enhancement in its role distribution. The culture creates a weakness because it is not specific on how employees should behave. However, the core values creates a conducive environment for every employee. To avoid the weaknesses, the management should frame a structure and a culture that feasible in the market and within the organization. Also, they should specific, clear, and fair to be used for external and internal performance enhancement.

Strategic Management and Business Policy

Question 4

Fragment industry is defined as absence of large market share where each firm serves only in a small piece of the whole market in competition with others. When new competitors join, the market prices tend to drop due to increased supply. For example, cleaning services work in a fragmented industry. The companies differentiates their products to acquire a large market share due to the high competition. The differentiation may allow them to acquire entry in other markets. In fragment industry there is no single company that has a major control of the market share. All firms are at an equal position in the market. Consumers benefit in this industry as they thrive on the competition between the organizations.

Whereas, a consolidated industry is occupied by few large firms that struggles to diversify its products from the competitors. For example, the automobile petroleum industry have few companies but the companies are very large. Prices becomes a dominant concern for the customers and suppliers. Most customers shop via the internet where they seek information concerning the products. The prices of the product tends to be high due to the limited supply. The market becomes hard to control and the competition is not easily manageable.

Strategic Management and Business Policy

EFAS Table

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As the company prepares to meet demand and capacity requirements for its planned future growth, you have been asked to review the current forecasting strategy and help implement a new strategic plan for forecasting demand. The new forecasting plan ties directly to the overall strategic planning methodology established by the company. The company historically has used a time series method. The forecasting methods under consideration are the following:

• Qualitative: human judgment, usually best used when little data is available
• Simulation: the use of computer models or judgment to imitate customer behavior
• Causal: used when there is a direct tie between demand and an environmental factor, such as cold weather
• Time series: the use of historical data to predict future needs

Using course materials and other research, complete the following:

• Identify which forecasting technique or multiple techniques should be used in the future for the company’s strategy. Are there other techniques available that are not listed above?
• Explain the technique you identify, and give an example of how it is used in the manufacturing, retail, and health care industries.
• Detail if 1 of the 4 techniques listed above should NOT be used and why.
• Evaluate the significance of forecasting error for the technique or techniques you have selected. What is the impact of error on your chosen technique?

Please I need 4 pages and references inside the paragraphs and at the end of document. no plagarism.  Please answer each question correctly and in depth

More topics

forecasting plan demand in retail market

Forecasting plan in hospitality market

Forecasting plan in real estate

Forecasting plan in business

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