Making Cross Functional Decisions

Making Cross utilitarian DecisionsINTRODUCTIONstrategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that provide alter an organization to achieve its objectives. It involves the systematic identification of specifying the firms objectives, nurturing policies and strategies to achieve these objectives, and acquiring and reservation available these resources to implement the policies and strategies to achieve the firms objectives.Strategic management as well as integrates the activities of the different functional sectors of a transaction, such as marketing, sales, intersectionion to achieve organisational finishings. It is gener ally the highest level of jitneyial activity, usually imitated by the board of directors and administrator police squad up. Strategic management hopes to provide all overall direction to the comp two has ties to the report of organization studies.Strategic objectning is a management tool, period. In short, strategical planning is a disciplined effort to maintain fundamental decisions and actions that take shape and guide what an organization is, what it does, and why it does it, with a focus on the future.Strategic management besides allocates the effective amount of resources to the different part of your business so that those assign to particular goals stool what they requirement to meet their objectives. This ranges from providing your exerciseers with the right supplies to enacting systems by which employees receive the necessary culture, all work processes be tested, and all information and data generated is documented. To effectively manage your business strategically, e very march on of your company essential carry its enquires met in these ways.Furtherto a greater extent, wiz must know that two businesses standnot be same and at that place should be or so basic differences between them. Because of this, the goals and the plans of a ction ar different for each business. Plus, the strategies for bulky term and short term development should be different and these need to be applied separately.QUESTION 1 Explain how almostone burn d take be a jitney plainly not a draw, a leader still not a conductor, and both a theater director and a leader.A charabanc is a person with a crease of overseeing one or much(prenominal) employees or department to en authorized these employees or departments do their job or assigned duties as required. A manager helps others to tucker out more done by motivating the employees, providing directions , making sure the employees on the job(p) to laborher towards a common goal, and providing feedback.A untried manager may be responsible for a small team or a small project. Usually a senior manager testament watch over his or her work. The manager pull up stakes reach to realize up ones take c argon the strengths and weaknesses of the team members, instruct a work to the team members, guiding team members to reach goals, provide the tools needed by the team and motivate them to do their task.Usually , a sore manager has limited responsibility for bills issues and little chances to love or make an expenditures. They be possessed of to review and approve timesheets for their employees and may give way the chances to approve expense accounts. The term of manager is not the same for leader since the two terms be not the same. A manager must ensure the appropriate delivery of human resources and reinforcement to meet the routine daily harvest-feastivity objectives. The manager is known as detailed oriented.Mangers don not see the overall picture and be less interested regarding the want-term corporate goals and mission. They are worried well-nigh details as a result, they do not make them a near leader. Some managers may have certain leadership qualities but they live too foc utilize on their daily operations and are unable to provide di rection and vision to the organization. A manager plans, organizes, leads, and controls whereas a leader entice others through communication, motivation, discipline, direction and dynamicsTypically, the goals are peg down for a beginning manager by someone higher rank in an organization. Here , the manager have to develop a plan to achieve the goal set. They have to provide feedbacks to their employees as they work with those plans.To be a manager , developing skills at all level is crucial . At a beginning level , morals of two area where a manager need to focus their skill development are the baron to manage their meetings and developing their own planning tools such as to do a list.A leader is different from manager. A leader is a person who has vision, a drive and a commitment to achieve that vision, and the skills to make it happen. A leader see a problem that needs to be fixed or a goal that needs to be achieved.A leader is also a person who guides others towards a common goal, demo the employees by example and creating an environment in which other team members discover active and involved in any process or task. A leader is a ethical listener. Leaders have to keep up their mind open to others ideas. They sens come up with immature ways to attain the goal set. It is the leaders job to make sure that everyone in the company is being heard. Leaders have to listen to the team members ideas and listen their criticism for improvements.Leaders have to be focus all the time. They have to keep on remind themselves and the team members of the goals and mission. Staying on track and keep the team members on track ,the team lead stay motivated and more productive. As leader of the group, it is important that you schedule time to meet with your team to establish and check-in nearly the goals you hope to achieve.Leaders also have to be organized. Leaders are responsible in a push-down storage of things and might be very busy sometimes. A leader sht up set the tone for the team. A leader who is organized helps motivate team members to be organized as well. As a leader, youre responsible for a lot and youre probably going to be very busy at times. However, you still need to find time to talk with your team. A good way to do this is to set frequent group meetings, so that no question or concern goes too long without attention.Leaders also have to be decisive. Although an important part of being a leader involves listening to the people surrounding, they have to remember that they are not perpetually going to be able to reach a compromise. When this happens, dont be horror-stricken to make the final decision, charge if some team members disagree with the plans. self-assured is the most important characteristics of a leader, leaders have to believe themselves and the winner of the team members. Show others that you are dedicated, intelligent, and proud of what you are doing.A manager basically directs resources to eat up predet ermined goals or projects. For example, a manager may engage in hiring, training, and programing employees in order to accomplish work in the most efficient and personify effective manner possible. A manager is considered a failure if they are not able to complete the project or goals with efficiency. .On the other hand, a leader indoors a company develops individuals in order to complete predetermined goals and projects. A leader develops relationships with their employees by building communication, exampling images of supremacy, and by showing loyalty.As an example of a manager, A company CEO directs Wong, one of the companies up and advent managers, to hire enough new employees to provide the company with a node service department. Wong chthonictakes his project with enthusiasm. He hires besides those employees who can work the assigned hours, will accept the modest pay, and have experience working in customer service. He trains his new employees to perform the job to his expectations and assigns the employees to their new positions. Wong measures his victor in terms of efficiency, calls handled per hour, and personify effectiveness, for example did he meet his cipher?. However, Wong did not anticipate that of the employees he hired, only a handful would remain working six months later.Moreover, as an example of a leader, Ahmed obtains the same denomination as Wong. Ahmed hires employees that he believes he can develop a working relationship with, versus just those employees who will worked the assigned hours and take the modest pay. Ahmeds goal is to hire a diverse group of employees, some of who do not have any customer service experience, who he feels he can develop a personal connection. A large part of Ahmeds training involves team building, telling successful stories, and listening to each employees own desires for what constitutes a fulfilling job. Ahmed still assigns his employees their job duties and schedules at the end of training, an d he also measures success in terms of efficient and equal effectiveness, but he also measures success in terms of low employee turnover, employee morale, and employee development. Ahmed feels proud when one of his employees obtains an climb on level position a year or two after(prenominal) being hired.The skills to be a leader or a manager are not exclusive in nature. A leader who only displays leadership skills will be ineffective when it comes to checking time cards, completing employee reviews, and scheduling employee vacation time things that employers require their managers to do on timely bases. Similarly, a manager who spends all his/her time completing paperwork and reading reports only creates more problems for him or her because they lack a developing relationship with their employees.Many companies, one person may play the role of both leader and manager. In others, these roles are carried out by different people. And in many cases, the roles convergency and leaders need to manage and managers need to lead. However, it is critical that both roles are performed effectively for a company to succeed, especially a company with employees. Without a vision for the future, a company has no direction and no goals for which to strive. severe leaders are made not born. If you have the desire and willpower, you can become an effective leader. Good leaders develop through a never ending process of self-study, education, training, and experience. As a manager who would same(p) to become a better leader to inspire youremployees into higher levels of teamwork, there are certain things you must be, know, and, do. These do not come naturally, but are acquired through continual work and study. Good leaders are continually working and studying to improve their leadership skills. Leaders and managers also have much different conceptions of work itself. Leaders develop new approaches to long-standing problems. Leaders work in high-risk positions because of a stro ng wickedness to quotidian work. Conversely, managers view work as an enabling process. Managers tolerate practical, mundane work because of a strong survival instinct that makes them risk-averse. They are good at reaching compromises and mediating conflicts between opposing perspectives, but lack the invite to avoid future conflicts.QUESTION 2 Identify two very different organizations that compete on a cost leadership strategy and explain how they do this, i.e. find out what they do that enables them to keep their prices low.The cost leadership strategic is to gain a competitive avail. Make it into a simple word, cost leadership is reduce the cost to fight with their rival in same indus turn in. The organization who need to earn more make headway, must reduce the cost to ensure they are not waste any resource. The cost who has reduce more, the company will gain more profit and easy to go in the market share.AnakkuAnakku as famous is marketing the bollocks up product. The c ompany is celebrated 38th anniversary in Malaysia in 2011. Therefore, the company has their advantage to survive in this market. Anakku produce the baby products get it the mission is built on a strong, solid foundation of superior quality, safety and reliability. The product have been wander by Anakku are fashion-wear for babies and toddlers, supply equipment, toiletries, diapers, accessories, strollers, playpens and more. bollocks KikoCreating style glamour, fun comfort for the little ones. Is the brand key out of Baby Kiko. Baby Kiko is a brand extention from KIKO. Baby Kiko is establishing in Malaysia for over 20 years. Baby Kiko is one of the most widely recognized baby brand in Malaysia, known for quality, trendy style, and marketing creativity. The product that have been sell are toddler clothing, feeding accessories to weaning products, baby neaten to baby skincare products.Cost Leadership Strategic twain companies have completed their cost leadership strategic, there fore, both company can survive in the market taking a long period time. all(prenominal) of them has the plan to reduce the cost and increase their profit.Not even thought, both companies also using the Michael entrance 5 force to operate the companies. And they no using too much of advertising to promote their product, so that, the cost will follow decrease.Next, most of the products want cloth or accessories are make by them. The pattern and the design had been created, so, the companies will produce it with their own manufactory. Follow by this, both companies will audition to reduce the monetary evaluate of the product. They will make sure the product is good. The after-sales service is one of the parts they can do, and get the feedback from the customers, and get to improve better to the customers need.Within the Michael Portal 5 forces, First of all, the bargaining power of supplier. For the Baby Kiko association, all the product are make by own, so that, the raw materia l of they used is direct from the manufactory, so the price of the product can easy to under control.An opposite, about the Anakku Company, some if the products like car seat or toys are manufacture from the supplies. Mostly, the Anakku Company will control by the supplier. But, for the Anakku Company, the main product for sell is clothing and the accessories like bottles, teethers, feeding accessories and etc. If the supplies increase the price, so they will change the supplier to get the raw material and try to product good product for their customers.Next, the bargaining power of customer or buyer is one of the forces that both companies used. The price had been set and the customers no have too much or no have power to turn over to reduce the price. The entire product had been fix price, unless the company does the promotion like discount, so the customer will get the lower price of the product. Both companies have provided onsite service and after-sale service. And some of th e product will give about 1 week to 1 year of warranty depend on the product.The threats of the entry of new competitor will also bend the cost. If got new competitor join into this industry, the company will spend more capital to do promotion as like discount or adverting to draw and quarter people. This kind of money will increase the cost, so the profit will been decrease. Otherwise, both company had been survive in Malaysia taking a long period time, they have their own popularity in this country.For the Anakku Company, they mostly are produce the safety and useful product. The product no easy to damage and some of the product have the warranty to attract the customer to buy it. This is the advantage for them and no need scare about the new competitor to try to attack them.Besides that, the Baby Kiko Company more is based on the creative and innovative product to attract customers. The design and the fashion are new and look nicely. Based on the customers, they will take feed back and get the new the information to produce the product. Those are the advantage of the both companies the new competitor does not have too much power and cost to survive.Other than that, the intensity of competitor rivalry it may also influence the cost. Take a basic word, who can get the lower cost, who will win in the market. Therefore, the company must have the power and the efficiency to run the business.For Anakku Company, they have many branches in the Malaysia. It will easy to pose market and the customers. Anakku Company as a wholesaler otherwise as a seller. They retail the product directly to the customer, so that, the cost will not be too high to be taken. The technology of Anakku Company use is high-tech machine. According the above statement, the Anakku Company does not have too much of advertising. Running the business around 30 years, the popularity has the value on their customers.For Baby Kiko, they usually are wholesale to the stores that are in reality pr eferred to sales. Some hypermarket like Partson or The Store, we can see Baby Kiko product. Wholesale to other store, it can deduct the cost of employee and no need searching the place to run over the business. The customers who are prefer to sell the product, they will delivery it. It may reduce the cost with it. Not even that, Baby Kiko Company also though the internet to promote the product. ace of the major website is Facebook to promote. It is free of charge and also can attract more people to know the new product.Other than that, the labour force it may influence the cost available. Anakku Company is more focus on the retail sale, so that, the employee will taking more and more, so the cost relation back will increase. From the manufactory to the store, they are too many employees to work. But, the Baby Kiko no taking too much of employee, because they have using the technology like machine or wholesale to other seller. The cost taking is the rapture fee.At last, which comp anies keep the lower cost it may easy and dilate the business. Besides that, properly using the raw material and do not simply waste too much. Because the waste will direct influence the cost. Have a good plan of cost leadership, the company more easy to survive in the market share.