MGT 521 Week 5 Complete -
DQ1. How could benchmarking be effectively used to achieve competitive advantage? Provide an example.
DQ2. One standard corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business; however, should they? Is there an intrinsic value in these rankings, or are they subjective? Should a business set a specific ranking on a list like this as a standard to be met? Support your assertions.
DQ3. The text states that a multinational corporation may need to adapt its control measures across the different locations where it operates, to ensure each measure is relevant in each location. Given this, how can a manager at the home office recommend appropriate actions to reduce performance gaps for the other locations? Is this possible? Explain and support your answer.
DQ4. How has the Sarbanes-Oxley Act (SOX) changed the system of corporate governance in publicly traded organizations in the United States? How has SOX adjusted the decisions managers must make when recommending actions to reduce performance gaps?
Summary – Week 4
Post a short summary of what you have learned this week.
Your manager tells you about a new department the company will be adding that is part of the company’s strategic plan to enter a particular market segment. Your manager would like you to manage one of the teams in this new department. Your manager has put together the team you will be managing. Your new team consists of the members of your current Learning Team.
To be successful in the new market segment, your team must efficiently accomplish the goals set by the company. Your manager, therefore, would like you to develop a leadership approach for each team member on your team based on the theories of leadership and each member’s individual personalities.
Write a memo to your manager of no more than 1,400 words in which you explain how you plan to successfully lead your team. Include the following:
- Evaluate the individuals, including yourself, based on the personality assessment.
- Evaluate the situation in terms of urgency, culture, and so forth.
- Determine leadership approaches, based on individuals and the situation. Highlight the principles you have applied from various leadership theories.
Format your memo consistent with APA guidelines.
Individual Assignment - Week Five Knowledge Check
Complete the Week Five Knowledge Check.