BUS 475 Competitive Success--tutorialrank.com

1. BUS 475 Apply Week 1 Degree of Alignment advanced organizer (Apple) For more course tutorials visit www.tutorialrank.com The assessments in this course give you the opportunity to design a project plan. Throughout the 5 weeks, you will choose an organization, create a project, write project metrics, and develop a plan that includes a contingency plan. You may use the course textbook and outside resources for all assessments. This week you will choose your organization and learn about its corporate values. Review the 8 organizations listed in the case studies portion of the text. Choose 1 of the organizations to use for all weekly assessments. You will not be able to change your organization, so ensure that you are comfortable with your choice.

2. An organization is typically centered on its mission and vision, but it may not always do as its statement says. Using the provided advanced organizer template, complete the following: List the information about the company Analyze the degree of alignment between what the organization is currently doing (actions) and their mission, vision,values, structure, and culture Cite all sources in APA format. Submit the Wk 1 Apply: Degree of Alignment advanced organizer. ============================================== BUS 475 Apply Week 2 SWOT Analysis (Apple) For more course tutorials visit www.tutorialrank.com

3. Using the organization you selected for the Week 1 assignment, review its corporate website and at least 2 other sources of information on the organization, including information on market trends. Complete a SWOT analysis from a global perspective, if applicable, using the SWOT analysis worksheet. Complete a 2- to 3-page summary of your findings addressing the questions in the Analysis section of the worksheet . Cite all sources following APA guidelines. Submit your assignment.

4. Wk 2 – Apply: SWOT Analysis Name: Selected Organization: Complete a SWOT analysis from a global perspective, if applicable. Strengths Weaknesses Opportunities Threats

5. Analysis Summarize your findings from the SWOT analysis for the CEO of the organization you chose. Address the following in your 2- to 3-page summary: • How would you match the organization’s strengths to its opportunities? • How would you convert the organization’s weaknesses into strengths? • What recommendations do you have to mitigate the impact of the threats? • What action(s) does the organization need to take to advance their organization goals and/or expand their competitive advantage?

6. • Why does the organization need to take this/these action(s)? ============================================== BUS 475 Apply Week 2 SWOT Analysis (Disney) For more course tutorials visit www.tutorialrank.com Using the organization you selected for the Week 1 assignment, review its corporate website and at least 2 other sources of information on the organization, including information on market trends. Complete a SWOT analysis from a global perspective, if applicable, using the SWOT analysis worksheet.

7. Complete a 2- to 3-page summary of your findings addressing the questions in the Analysis section of the worksheet . Cite all sources following APA guidelines. Submit your assignment. Wk 2 – Apply: SWOT Analysis Name: Selected Organization:

8. Complete a SWOT analysis from a global perspective, if applicable. Strengths Weaknesses Opportunities Threats Analysis Summarize your findings from the SWOT analysis for the CEO of the organization you chose. Address the following in your 2- to 3-page summary: • How would you match the organization’s strengths to its opportunities?

9. • How would you convert the organization’s weaknesses into strengths? • What recommendations do you have to mitigate the impact of the threats? • What action(s) does the organization need to take to advance their organization goals and/or expand their competitive advantage? • Why does the organization need to take this/these action(s)? ============================================== BUS 475 Apply Week 3 Project Metrics (Apple) For more course tutorials visit www.tutorialrank.com

10. Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress? Complete the following: Explain why this opportunity/threat was selected, and how it is anticipated to benefit the organization. Create at least 3 measurable project objectives based on your analyses. Determine timelines and responsibilities for each objective (e.g. with a RACI chart) Explain why these objectives are appropriate for the project. Develop at least 2 metrics to evaluate achievement of each of the project objectives. Provide a 1-page explanation for why these are appropriate metrics for each of the objectives. Cite all sources following APA guidelines.

11. Submit your assignment. ============================================== BUS 475 Apply Week 3 Project Metrics (Disney) For more course tutorials visit www.tutorialrank.com Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress? Complete the following:

12. Explain why this opportunity/threat was selected, and how it is anticipated to benefit the organization. Create at least 3 measurable project objectives based on your analyses. Determine timelines and responsibilities for each objective (e.g. with a RACI chart) Explain why these objectives are appropriate for the project. Develop at least 2 metrics to evaluate achievement of each of the project objectives. Provide a 1-page explanation for why these are appropriate metrics for each of the objectives. Cite all sources following APA guidelines. Submit your assignment. ============================================== BUS 475 Apply Week 3 Project Metrics (Walmart) For more course tutorials visit www.tutorialrank.com

13. BUS 475 Apply Week 3 Project Metrics (Walmart) ============================================== BUS 475 Apply Week 3 Project Metrics (Wendy’s) For more course tutorials visit www.tutorialrank.com BUS 475 Apply Week 3 Project Metrics (Wendy’s) ============================================== BUS 475 Apply Week 4 Project Plan (Apple) For more course tutorials visit www.tutorialrank.com A project plan is based on research and organizational goals.

14. Use the provided Project Plan template to create a project plan that outlines the operational steps needed to meet each project objective determined in Wk 3 – Apply: Project Metrics. Use the textbook and other available resources to fill in the appropriate content. Summarize the justification for your project plan. Cite all sources following APA guidelines. Submit your assignment. ============================================== BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Apple)

15. For more course tutorials visit www.tutorialrank.com Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management. Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan: Potential Risk Factors Contingency Plans Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan.

16. Use Microsoft® PowerPoint®, Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information: The organization’s information presented in Wk 1 SWOT analysis and market trend research Project objectives Explain how success will be measured. Explain the value this project will bring to the organization. Project metrics Timelines Responsible parties Potential risk factors Contingency plans Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide.

17. Cite all sources following APA guidelines. You will submit 2 different deliverables: Updated project plan with potential risk factors and a contingency plan Executive presentation with detailed speaker notes as a Word document within the presentation Submit your assignment. ============================================== BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Walmart) For more course tutorials visit

18. www.tutorialrank.com BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Walmart) ============================================== BUS 475 Apply Week 5 Executive Presentation (Disney) For more course tutorials visit www.tutorialrank.com Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.

19. Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan. Use Microsoft® PowerPoint®, Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information: The organization’s information presented in Wk 1 SWOT analysis and market trend research Project objectives Explain how success will be measured. Explain the value this project will bring to the organization. Project metrics Timelines Responsible parties Potential risk factors Contingency plans

20. ============================================== BUS 475 Entire Course (2020) For more course tutorials visit www.tutorialrank.com BUS 475 Apply Week 1 Degree of Alignment advanced organizer (Apple) BUS 475 Week 1 Discussion Mission and Vision Statements BUS 475 Week 1 Practice Strategic Leadership BUS 475 Apply Week 2 SWOT Analysis (Apple)

21. BUS 475 Apply Week 2 SWOT Analysis (Disney) BUS 475 Week 2 Practice Internal and External Considerations BUS 475 Week 2 Discussion Internal and External Considerations BUS 475 Apply Week 3 Project Metrics (Apple) BUS 475 Apply Week 3 Project Metrics (Disney) BUS 475 Apply Week 3 Project Metrics (Walmart)

22. BUS 475 Apply Week 3 Project Metrics (Wendy’s) BUS 475 Week 3 Discussion Market Trends BUS 475 Week 3 Practice Developing and Communicating Strategic Objectives BUS 475 Apply Week 4 Project Plan (Apple) BUS 475 Week 4 Discussion Components and Considerations of a Strategic Plan BUS 475 Week 4 Practice Strategy Implementation

23. BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Apple) BUS 475 Apply Week 5 Executive Presentation (Disney) BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Wendy's) BUS 475 Apply Week 5 Contingency Plan and Executive Presentation (Walmart) BUS 475 Week 5 Discussion Evaluating Strategic Plans BUS 475 Week 1-5 Entire Course

24. ============================================== BUS 475 Week 1 Chapter 1 Practice what is strategy For more course tutorials visit www.tutorialrank.com BUS 475 Week 1 Chapter 1 Practice what is strategy 1. Greener Grocers provides goods that are similar to competitor’s goods at a comparable price. Greener Grocers cannot lower prices more without facing financial difficulties. What is another way Greener Grocers could gain a competitive advantage? It could provide goods or services that its consumers would value more highly than competitor’s offerings.

25. 2. The element of a firm’s strategy that summarizes the ultimate goals of the firm is known as the vision. 3. Which of the following are primary strategy objectives? (Check all that apply.) 4. Walmart and Nordstorm maintain very different strategic positions, one based on cost-leadership and the other based on differentiation through superior customer service. This is an example of

26. 5. Managers have resources in their quest for competitive advantage. 6. Which of the following is an example of a strategy for competitive advantage? 7. A(n) occurs when a firm performs below the industry average or is outperformed by its competitors.

27. 8. Michael’s Deli is able to perform at the same level as its primary competitor. Michael’s Deli has 9. Andrew’s Home center has created a unique position for itself in its industry that allows the company to not only provide excellent value to its customer but also control its cost. This is known as 10. Which of the following could accurately be called a strategy?

28. 11. Which of the following elements comprise strategic management? (Check all that apply.) 12. In order to achieve and sustain competitive advantage, a company devises and adopts a set of goal-directed actions known collectively as a(n) strategy. (Remember tot type one word in the blank.) 13. A good strategy consists of three elements. The second element is accomplished through strategy formulation, resulting in the firm’s functional, business-level and corporate-level strategies. This is called

29. 14. A competitive advantage 15. Burger Bomb has been outperforming other burger restaurants for a decade. This indicates that Burger Bomb has which of the following? 16. Sustainable competitive advantage exists when a firm 17. Which of the following are elements of a good strategy according to the AFI framework? (Check all that apply.) A guiding policy to address the competitive challenge

30. 18. A good strategy consists of three elements. The first element is accomplished through analysis of the firm’s external and internal environments. We also call this 19. A mission (fill out one word only) outlines what an organization does, while a vision outlines what the organization wants to do. 20. A(n) can help employees feel that they are doing something worthwhile and are part of something important and meaningful. ==============================================

31. BUS 475 Week 1 Chapter 2 Practice Strategic Leadership managing the strategy Process For more course tutorials visit www.tutorialrank.com BUS 475 Week 1 Chapter 2 Practice Strategic Leadership managing the strategy Process 1. The stakeholders of a firm are 2. Which of the following are aims of stakeholder strategy?

32. 3. True or false: the strategist’s job is to focus on shareholders only. 4. Which of the following is a tool that managers can use to address the needs of stakeholders while maintaining a competitive advantage? 5. When a stakeholder has power over a company. It is 6. Place the five steps of the stakeholder impact analysis in order, with the first step at the top.

33. 7. The concept, or framework, of corporate social responsibility guides firms in identifying and addressing their economic, legal, ethical and philanthropic obligations to society. 8. Which of the following legal developments allow business to function as an institution? (Check all that apply.) 9. Starbuck’s commitment to fair trade and responsible growing practices indicated that the firm takes its responsibilities seriously. Ethical 10. The expectations that society has toward business, in contrast to what society requires, result in which of the following elements of the pyramid of corporate social responsibility? (Check all that apply.)

34. 11. Which of the following elements of the pyramid of corporate social responsibility are required by society? (Check all that apply.) 12. Match the element of the pyramid of corporate social responsibility (on the left) with its explanation (on the right). Philanthropic responsibilities Corporate citizenship Ethical responsibilities Do what is right, just, and fair Legal responsibilities Laws and regulations are society’s codified ethics; define minimum acceptable standard Economic responsibilities Gain and sustain competitive advantage

35. 13. Top-down strategic planning is a rational process through which executives attempt to program future success. 14. A(n) illusion of a control describes the tendency of managers to overestimate their ability to manage events. 15. Both strategy formulation and strategy implementation are aspects of 16. A strategic business unit (SBU) is defined as an(n) . 17. Place the progression of steps in the traditional top-down strategic planning in order, with the first step at the top.

36. 18. Scenario planning is a strategy-planning activity in which top management envisions various what-if scenarios to anticipate plausible futures in order to derive strategic responses. 19. A(n) strategy is the outcome of a rational and structures, top-down strategic plan. intended 20. Which of the following statements is correct? Strategic initiatives can be the result of top-down planning or a bottom- up process.

37. 21. Which of the following are addressed during corporate strategy formulation? 22. What are the approaches that can be utilized when strategizing for competitive advantage? Strategic planning 23. True or false: Top-down strategic planning is most effective when the environment is constantly changing.

38. 24. The major assumption in the top-down strategic planning process is that . 25. A(n) black swan event is an unexpected and unlikely occurrence that has a significant impact on society. 26. According to the book Good to Great by Jim Collins, companies that were able to gain a competitive edge all have what in common? 27. A level-4 (fill out in a number) leader presents a convincing vision and mission that helps groups improve their performance.

39. 28. Rank the following levels of the level-5 leadership pyramid, placing the highest level at the top. 29. A level-2 leader is referred to as a contributing team member. 30. Which strategy addresses the question of how to compete? 31. Functional strategy is primarily concerned with 32. Which of the following are examples of black swan events?

40. 33. Which of the following are types of corporate social responsibilities that a firm may identify during the fourth step of stakeholder impact analysis? (Check all that apply.) 34. According to upper-echelons theory, the way strategic leaders of a firm interpret a situation is influenced by which of the following? 35. A firm that successfully executes a strategy benefits society by . (Check all that apply.) 36. Among the various types of responsibilities a business firm has, which are specifically considered to be economic responsibilities? (check all that apply.)

41. 37. For CEOs, what is an advantage of face-to-face meetings? 38. 39. Which of the following are outcomes of effective stakeholder management? (Check all that apply.) 40. Which of the following is NOT one of the variables used to determine whether the appropriate strategy process is strategic planning, scenario planning, or strategy as planned emergence? 41. Which of the following is considered an internal stakeholder?

42. 42. What distinguishes a level-5 leader from other levels of leaders? 43. Which of the following statements are true about the views held by Sheryl Sandberg, one of the most influential women in the tech industry today? (Check all that apply.) 44. In the second step of the stakeholder impact analysis, managers need to identify and understand stakeholders’ . 45. Research about how CEOs spend their days suggests that CEOs spend most of their time 46. Microsoft donating more than $3 billion in cash and software to people in need is an example of which type of corporate social responsibility?

43. 47. Sheryl Sandberg, named by Forbes magazine as the Most Powerful Woman in Tech for 2016, is the chief operating officer of . 48. Allows for bottom-up strategic initiatives to occur within a company and to be reviewed by executives. ============================================== BUS 475 Week 1 Discussion Mission and Vision Statements For more course tutorials visit

44. www.tutorialrank.com The mission and vision statement guide an organization’s practices and operations. What 3 factors do you feel are most important to consider when producing an appropriate mission and vision statement for an organization? Provide an example of a company/organization whose mission and vision statement contain the factors you feel are most important. ============================================== BUS 475 Week 1 Practice Strategic Leadership For more course tutorials visit www.tutorialrank.com Required information Strategic Leadership: Formulating Strategy Across Levels

45. This activity focuses on IBM and how it uses corporate strategy, business strategy, and functional strategy to build competitive advantage. This activity is important because it illustrates how such strategies are created through the strategy process. The goal of this activity is important because it illustrates how such strategies are created through the strategy process. the goal of this activity is to recognize at which levels of strategy key members of IBM act on behalf of the firm, and what questions they must ask to build competitive advantage. Read the short case below and then complete the questions that follow. Minicase

46. The current Chief Executive Officer at IBM is Virginia Rometty who rose to the post in late 2012. Before her tenure, the office was held by Sam Palmisano. The example below comes from actual strategic decisions made at the firm. As the Chief Executive Officer, Mr. Palmisano decided to invest in an Emerging Business Organization (EBO). This was established to help select what new industries IBM should be entering. This group was formed specifically to expand quickly and successfully into new markets for IBM. Bruce Harreld, a senior vice president, was tapped to lead this new business for IBM. One of his main roles was to assess the possible approaches for achieving the desired superior performance levels for the EBO. Mr. Harreld needed to approach business with a variety of points of view to navigate a successful pathway both commercially and internally for IBM. Inside the EBO business unit, Carol Kovac, a life science director, was tapped to build a business in the life sciences area for IBM. She had to address concerns about developing the customer base and implementing successful products and services for particular customers. Over a six- year period, Ms. Kovac built an organization from no revenues and one direct report into an organization with more than $5 billion in revenues and hundreds of PhDs and other support personnel. This example is drawn from O’Reilly, C. A., B. Harreld, and M. Tushman (2009), ―Organizational ambidexterity: IBM and emerging business opportunities,‖ California Management Review 51: 75–99

47. For each manager, select the appropriate strategy to apply for "Level"; then select the appropriate question to ask for "Question". Sam Palmisano, CEO 1. Level

48. 2. Question Bruce Harreld, Senior Vice President 3. Level 4. Question Carol Kovac, Life Sciences Director

49. 5. Level 6. Question 2 According to the text, superior performance within the strategic business unit (SBU) is sought by asking which major question?

50. 3 Implementing the strategy is often overlooked by senior managers especially in large organizations. What level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals? 4 Required information Internal and External Stakeholders