Essay Instructions: The book is digital on coursesmart.com called "The Manager's Bookshelf" my login is jaelb34atyahoodotcom with password $1Dollarbill. click on my bookshelf and it is there.
Eight (8) readings are required for this week in preparation for each class.
Readings:
The Fifth Discipline: The Art and Practice of the Learning Organization
Competitive Advantage: Creating and Sustaining Superior Performance
The One Thing You Need to Know about Great Managing, Great Leading, and Sustained Individual Success
Big Winners and Big Losers: The 4 Secrets of Long-Term Business Success and Failure
Beyond Teams: Building the Collaborative Organization
The Strategy Paradox: Why Committing to Success Leads to Failure
Responsible Restructuring: Creative and Profitable Alternatives to Layoffs
Treat People Right! How Organizations and Individuals Can Propel Each Other Into a Virtuous Spiral of Success
Review Research and Documentation from "The Business Writer's Companion".
Eight (8) readings are required for this week in preparation for each class.
Readings:
The Fifth Discipline: The Art and Practice of the Learning Organization
Competitive Advantage: Creating and Sustaining Superior Performance
The One Thing You Need to Know about Great Managing, Great LEading, and Sustained Individual Success
Big Winners and Big Losers: The 4 Secrets of Long-Term Business Success and Failure
Beyond Teams: Building the Collaborative Organization
The Strategy Paradox: Why Committing to Success Leads to Failure
Responsible Restructuring: Creative and Profitable Alternatives to Layoffs
Treat People Right! How Organizations and Individuals Can Propel Each Other Into a Virtuous Spiral of Success
Write 6+ page paper commenting on and analyzing the readings from "The Manager's Bookshelf".
1. Highlight the management theories or principles of each reading (2 pages).
2. Apply them to your organization (2 pages).
3. Compare and contrast two of the articles as they relate to your organization (1 page).
4. Evaluate your organization in the light of your analyses (1 page).
Grading Criteria
1. Clarity of ideas.
2. Effective Application of Management Principles
3. Effective Introduction & Conclusion
4. Grammar and Mechanics---few surface errors
5. Utilizes subheading for clarity and transitional words or phrases to link paragraphs.
6. APA Citation Style required.
Additional information - Lectures
? The Fifth Discipline: The Art and Practice of the Learning Organization, by Peter M. Senge
The author identified seven learning disabilities that may be fatal to an organization. He noted that firms that are learners will succeed in the competitive global market. Further, he identified five disciplines for a learning organization: personal mastering (personal learning and growth), mental models (internal images of how the world works), shared vision (a sense of purpose that provides energy and focus for learning), team learning (alignment where teams function as a unit with focused and harmonized energies), and system thinking (viewing organization from system's perspective). The author outlined the laws of the Fifth Discipline.
?
Competitive Advantage: Creating and Sustaining Superior Performance, by Michael E. Porter
The author maintained that a firm in an industry creates competitive advantage over its competitors by providing more value for customers than their competitors. The possible competitive advantages are based on costs, differentiation and technology.
Competitive Advantage through Low Cost
A firm is considered to have a cost-based competitive advantage if the total costs of all its products are lower than any competitor. Factors that are generally under control are: Economics or diseconomies of scale, learning, capacity utilization, linkages within the value chain, interrelationships between business units, integration, timing, policies, location and institutional factors.
Competitive Advantage through Differentiation
Differentiation occurs when a firm creates a unique product for which buyers are willing to pay premium in excess of the extra costs incurred by the firm. The differentiation-based competitive advantage can be sustainable if the competitors do not imitate the uniqueness of the product and the buyers' need and perceptions remain stable or high.
Competitive Advantage through Technology
A firm can achieve low cost or differentiation through technology or technological improvements. If competitors are unable to meet the technological challenge, this could be a source of sustainable competitive advantage .
?
The One Thing You Need to Know about Great Managing, Great Leading, and Sustained Individual Success, by Marcus Buckingham.
In this reading, the author contends that greatness is not accomplished by avoiding what causes failure, but rather by following a distinct set of behaviors. He believes that the controlling insight for managers is to capitalize the concept of uniqueness. To do this, managers should: select the right people, define clear behavioral expectations, motivate and shape employee behavior using praise, and demonstrate care and concern for employees.
He also espouses to be a successful leader, one must begin with a vision. Furthermore, sustaining individual success requires using the talents that are found to be the most rewarding and fulfilling, over a long period of time.
?
Big Winners and Big Losers: The 4 Secrets of Long-Term Business Success and Failure, by Alfred Marcus
The author identified big winners and losers from Wall Street Journal's scorecard on the basis of stock market returns from 1992 to 2002. He noted that over 500 experienced managers participated in the effort to identify what differentiated the big winners from the big losers. Knowledge of customer's needs was considered essential for the success of the big winners. Common traits shared by the winners were Agility, Discipline and focus.
Evidence of Agility
Respond quickly to changes in market condition
Flexibility with focus to profitable growth areas
Seek growth in customers' changing needs
Focus on underserved and perceived unattractive or ignored market
Evidence of Discipline
Reduce cost and raise quality
Control Distribution
Integrate acquisition effectively
Create a culture of employee involvement
Monitor and influence regulatory changes
Evidence of Focus
Emphasis on core strengths
Develop high-growth, application-specific products for growth market
Expand growth opportunities to overseas market
Losers shared the following characteristics:
Rigidity- Lack of offensive initiate to align with customer's need.
Ineptness- Losers lacked the skill to create best-value for their customers.
Diffuseness- Ineffectiveness in building competitive advantage because of lack While Safeco Insurance moved from a loser's position to a winner's position because of embracing focus, cutting back on acquisition and divesting non-core business, manufacturer SPX, a winner, became a loser by losing its strategic direction and spreading too thin.
?
Beyond Teams: Building the Collaborative Organization, by Michael Beyerlein, Sue Freedman, Craig McGee, and Linda Moran.
The authors of this reading espouse the use of "Collaborative Work Systems" which provide the fundamental principles for organizations to be flexible, adaptable, and competitive. Their 10 principles include:
1) Focusing collaboration on achieving business results.
2) Aligning organizational support systems to promote ownership.
3) Articulating and enforcing rules.
4) Exploiting divergence and convergence.
5) Managing complex trade-offs.
6) Creating higher standards for discussion, dialog, and sharing.
7) Fostering personal accountability.
8) Aligning authority, information, and decision making.
9) Treat collaborating as a disciplined process.
10) Designing and promoting flexible organizations.
?
The Strategy Paradox: Why Committing to Success Leads to Failure (And What to Do About It), by Michael Porter
Porter discusses the Strategy Paradox and that the commitments required to achieve breakthrough success make it difficult to adapt when the future turns out differently than expected. He elaborates upon various principles, including commitment, adaptability, and forecasting. He believes that the use of "scenarios" are the hallmark of a flexible organizational strategy. These scenarios can be created by: asking the right questions, identifying the dimensions of uncertainty, determining the limits of uncertainty, determining the final scenario set, and determining relative probabilities.
?
Responsible Restructuring: Creative and Profitable Alternatives to Layoffs, by Wayne F. Cascio.
Responsible Restructuring is an approach that views employee expertise and contributions as central to any solution. They view their employees as essential in providing solution to competitive challenges. Broad-based layoff is considered only as a last resort. Examples of companies that utilize this approach are; Southwest Airlines, Cisco, Procter & Gamble and 3M.
The author noted that responsible restructurers use layoffs and compensation cuts as a last resort. They use a variety of varieties developmental and effectiveness oriented practices to maintain competitive edge or viability. Some of the practices they utilize include the following:
1. Flatten the organizational structures
2. Create an empowered team-oriented work environment
3. Seek labor-management partnership
4. Share information
5. Use training extensively
6. Maintain culture of continuous learning
7. Link compensation to performance and skills
The responsible restructuring tend to provide lasting solutions, increased customers' satisfaction and maintain a recruiting and retention advantages over its competitors.
?
Treat People Right! How Organizations and Individuals Can Propel Each Other Into a Virtuous Spiral of Success, by Edward Lawler.
In this reading, the author asserts that to be effective organizations must have alignment between their strategy, their capabilities, their core competencies, and their environment. He articulates seven key principles for treating people right:
1) Attraction and Retention
2) Hiring Practices
3) Training and Development
4) Work Design
5) Mission, Strategies, and Goals
6) Reward Systems
7) Leadership