This PowerPoint helps students to consider the concept of infinity.
Strategic management 2
1.
2. Selected Top 10 Management
Practices(ClassResponses)
Decision making at appropriate level
Available resources to be utilized judicially
Taking risks to attain the goals (risk management)
Quality management
Time management
Cost management
Ethical standards
Execution of plans to the extent possible
Financial management with internal controls
Making everyone part of the decision
3. Strategic Partnership Act
Enhanced partnership act with Pakistan
Improve the GOP’s capacity to address the
country’s most critical infrastructure needs
Help the Pakistani govt. address basic needs
and provide improved economic opportunities
in areas most vulnerable to extremism
Strengthen Pakistan’s capacity to pursue
economic and political reforms that reinforce
stability
4. Specific programs, projectsand
activities
High impact, high visibility infrastructure programs
($ 3.5 billion)
Focused humanitarian and social services ( $ 2 billion)
Increased access to and Quality of education and
health ( $ 1.5 billion)
Government capacity development ( $ 2 billion)
5. Few Interesting Social Science(s)
Findings
Physical contact improves team performance
How frequently members of NBA teams touched each
other (Kraus and Huang)
Strong relationship between day light saving time and
lower SAT scores (Gaski and Sagarin)
Do gun shows increase crime rates? (Duggan)
Self control consumes glucose in the brain? ( Dewall)
People that consumed glucose beverage behaved less
aggressively than subjects who didn’t
Extrovert leaders perform best when their employees
behave passively, the effects are reversed when employees
are pro-active (Grant)
6. Interesting research findings
(continued)
People remember information that is hard to master
(Connor)
The more people doubt their own beliefs , the more
paradoxically , they are inclined to proselytize in favor
of them (Gal and Rucker)
Male chess players pursue riskier strategies when
they are facing attractive female opponents , even
though the risk taking didn’t improve their
performance( Dreber and Gerdez)
7. CorporateGovernanceModel
Environmental Scanning
External ( general forces and industry analysis)
Internal ( culture and resources)
Strategy Formulation
Mission, Objectives, Strategies and Policies
Strategy Implementation
Programs, Budgets, Procedures
Evaluation and Control
Performance and Actual resutls
8. Corporation is a mechanism established to allow
different parties to contribute capital, expertise and
labor for their mutual benefit
Shareholders elect the directors
Directors represent shareholders , establish basic
policies, approve all the decisions-they oversee the
top management
Setting corporate strategy, overall direction and
vision
Hiring of CEO and top management, approval of use
of resources and care for shareholders
Roleand Responsibilitiesof theBoard of
Directors
9. Monitor- through committees
Evaluate and Influence-Management proposals and
decisions
Initiate and Determine-Specify strategy options
Phantom- Never knows
Rubber stamp-permits all the decisions
Minimal review-formally reviews
Nominal participation-limited degree
Active participation-Approve and Questions
Catalyst-Takes the leading role
Involvement of theBoard in Strategic
Management
10. Agency theory VsStewardship
theory
Agency theory
Top management have a significant degree of ownership in
the firm
Top management have a strong financial stake in its long
term performance
A positive relationship between corporate performance and
the amount of stock owned by the directors
Stewardship theory
Executive to be more motivated than their self interest
Higher order needs-achievements and self-actualization
Top management is invested in company’s long term success
than short term-shareholders interests
11. Carroll’sResponsibilitiesof
Business
Economic
Produce goods and services of value
Legal
Obey government laws
Ethical
Follow generally held beliefs about behavior in a society
Discretionary
Voluntary obligations- philanthropic contributions,
training of unemployed, providing day care centers
12. Kohlberg’sLevelsof Moral
Development
A progresses through three levels of moral
development
The preconvention level
Concern for self
The conventional level
Consideration for society’s laws and norms
The principled level
Adherence to an internal moral code
Universal values and principles