Explain and discuss the difference between the terms “GOALS” and “EXPECTATIONS.” Provide at least one example for each to illustrate your discussion premise.
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Explain and discuss the difference between the terms “GOALS” and “EXPECTATIONS.” Provide at least one example for each to illustrate your discussion premise.
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- Why do most definitions of planning indicate the need to make choices between future options?Using concepts/terms from the book, Management by Bateman, Snell, and Konopaske, 7th edition. Situation: Consider the major decision of changing from a General Business major to a Marketing Major Discuss the following questions: What was the decision you had to make? How did you go about creating alternative solutions (possible outcomes)? What was the process you used and was it similar to the formal planning steps noted in the chapter? Did the outcome meet expectations? (as planned, better, worse, mixed) Would you change the process you if you had to do it again, regardless of the current outcome?I need some help with my discussion questions this week Topic One - In the book, the NFL is used as an example for industry-wide advertising. Discuss some possible methods of cost-sharing for the 32 NFL teams, and some of the pros and cons of each. Topic Two - Suppose you are the manager of a large automobile dealership that sells a few different major brands of cars. Consider the following scenario and use marginal analysis to determine how to deal with challenges. There is now information available on the internet about how to make a counterfeit “smart key” that will unlock doors of the cars you have in stock in your parking lots. What should happen to the amount of security you have to prevent auto theft? How might you respond? Explain.
- This discussion is associated with the Navigate 2 Scenario - Episode 4: How are we doing? It’s time for a marketing audit! The Health Care System wants to see how responsive they are to market needs and preferences, and if their marketing strategies are showing a good return on investment. You have been brought in as an objective party to perform this audit. During this episode, you need to identify the right people to be in the interviews and choose the best questions to ask from the following categories. Identify who the stakeholders are in the interview and who are the best people to ask questions regarding the following categories (choose 3 categories). What are the questions you will ask? Market and market segments The organization Competitors Products and services Price Promotion Channels of distributionEffective planning is essential for achieving both short-term and long-term goals. It involves careful consideration of various factors such as resources, timelines, potential obstacles, and desired outcomes. A crucial aspect of effective planning is setting realistic and achievable objectives. Unrealistic goals can lead to frustration and demotivation, while achievable goals provide a sense of direction and progress. Furthermore, effective planning requires thorough research and analysis to identify potential risks and opportunities. By anticipating challenges and leveraging opportunities, individuals and organizations can mitigate risks and maximize their chances of success. Additionally, effective planning involves allocating resources efficiently. This includes not only financial resources but also human capital, time, and technology. Proper resource allocation ensures that resources are utilized optimally and that the plan is executed efficiently. Moreover, effective planning…What are the key components of the planning process? How do they work together to ensure effective planning and goal attainment?
- 1. When you want to buy the potato chip, what influences your decision? Explain the attributes that are important to you when making a decision to purchase this type of product.Discuss the importance of conducting thorough market research and competitor analysis in the business planning process. How can businesses use this information to identify opportunities and mitigate risks?Both the bottom-up and the top-down approaches can be used to forecast sales. When might you prefer the bottom-up approach? When might you prefer the top-down approach?
- As a manager of a large clothing company, you are considering opening a new store in another parish to cater to the needs of your consumers in that particular area.Discuss the activities involved in each of the first THREE (3) steps in the rational model using the scenario above.Why scenario planning is one of the most useful tools in strategic management and organization development?Select a company ( Henry Ford Hospital) as the subject for your situation analysis assignment. It is advantageous to slect a well known medium - larged sized comapny that readily shares information and ideally a company which you familiar. You have been hired by your selected company as a marketing strategy consultant. Creat a SWOT analysis and also describe how the company can build on its strengths and correct its weaknesses in order to take advantage of one designated opportunity in the market.