ASSIGNMENT
The purpose of this assignment is to provide you the opportunity to evaluate how the basic activities of management support the strategic management process.
You will practice the following skills: Problem-solving and critical thinking skills by applying the basic functions of management in strategic decision-making; you will also practice writing skills.
1. Explain how you would motivate managers and employees to implement a major new strategy.
2. Discuss how each of the basic functions of management will assist in the process.
3. Make sure to provide specific examples and details to support your position.
Text Book: Strategic Management: Concepts and Cases.by Forest R. David. Publisher: Pearson. 17th Edition.
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4.2 Discuss the nature and role of management in formulating strategies.
Table 4-2
Six Ways Human Resource Management Can Provide a Competitive Advantage
Analyze turnover rates to determine where problems may lie.
Measure and monitor employee engagement and morale scores.
Track employee data to identify high and low performers.
Determine going market rates for talent and align compensation with company goals.
Design employee development and training pathways that take into account the strategic and long-term needs of the organization.
Provide guidance on legal issues related to all personnel matters.
