How you will measure meeting these goals

Assignment Help Business Management

Reference no: EM133483017 , Length: 6 pages

Assessment

You have been promoted to director of a mid- to large-sized company. You operate in two locations, on the East and West Coast. You currently employ approximately 100 people and you manufacture electromechanical devices used in the medical field. Your company has enjoyed growth and success in previous years with good market share. Unfortunately, due to the slumbering economy, profits and market share have decreased amid increases in operating expenses. Your job as the new director is to strengthen the company's competitive position.

Please answer the following questions using Option A or Option B below to communicate your responses:
• What type of strategy would you employ to counteract the decline in profits and market share?
• Would it be an offensive or defensive strategy, or a mix of both?
• Please justify your answer considering the context selected.
• Give details pertaining to the strategy you have chosen: first mover, fast follower, mergers and acquisitions, outsourcing, or strategic alliances.
• What impact did any of the five competitive forces have on your decline?
• What are the ethical dilemmas that should be considered?
• What would you have your management team do specifically?
• What role will they play in the recovery?
• How will you monitor or otherwise ensure that unethical behaviors are minimized?
• What efforts will you incorporate to ensure that you have a strategy for re-training employees, or hiring new employees? Make sure you outline specific goals that your strategy must meet, and how you will measure meeting these goals using quantitative and/or qualitative measurements.

Submission Instructions for CLA 1 Assignment:Choose one of the options below for your CLA 1 Assignment, to be submitted in GAP.

Develop an AM, 7th edition-formatted paper, 4 to 6 pages in length.

Reference no: EM133483017

Questions Cloud

Feasibility of implementing-evidence-based practice change : Develop a PICOT question from a health promotion perspective. Feasibility of implementing and evidence-based practice change.

Why longo and clausen argue that demise of atlantic tuna : Explain why Longo and Clausen argue that the demise of the Atlantic bluefin tuna is not due to tragedy of commons; rather it is due to the tragedy of commodity.

Which pricing orientation is the company primarily utilizing : Based on recent news about Tesla cutting prices on their electric vehicles, which pricing orientation is the company primarily utilizing?

Diagnoses of hypertension-glaucoma-osteoporosis : AM is a 78-year-old female with diagnoses of hypertension, glaucoma, osteoporosis, dementia, and history of surgery for hip fractures after a recent fall.

How you will measure meeting these goals : How you will measure meeting these goals using quantitative and/or qualitative measurements - What efforts will you incorporate to ensure

What is screening tool for major depressive disorder : What is a screening tool for major depressive disorder? What can a patient do in addition to medication to treat this disorder.

Maintenance crew uses lawn mowers and leaf blowers : Whenever the maintenance crew uses lawn mowers and leaf blowers near the school grounds, Cole covers his ears, gets under his desk, and cries.

What type of moral dilemma : What are the nurse's responsibilities to the client? What type of moral dilemma does this create for the nurse?

Should the united states concern itself with other nations : Should the United States concern itself with other nations? Why? Why not?

User Account

All Pages