[et_pb_section fb_built="1" specialty="on" _builder_version="4.9.3" _module_preset="default" custom_padding="0px|0px|0px|||"][et_pb_column type="3_4" specialty_columns="3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_row_inner _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet" custom_padding="28px|||||"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" hover_enabled="0" sticky_enabled="0"]
QUESTION
Chapter 1 (Hill, Schilling, and Jones, 2017). short answer
Chapter 1 (Hill, Schilling, and Jones, 2017).
Read the text book's chapter 1, answer the following questions.
8. Explain the relationships of planned, deliberate, emergent, realized, and unrealized strategies.
9. Explain each of the three techniques for improving decision making in organizations.
10. Explain the following concepts: (a) Scenario planning; (b) Cognitive biases; (c) Emotional intelligence.
[/et_pb_text][et_pb_text _builder_version="4.9.3" _module_preset="default" width_tablet="" width_phone="100%" width_last_edited="on|phone" max_width="100%"]
| Subject |
Business |
Pages |
8 |
Style |
APA |
[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner module_class="the_answer" _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" width="100%" custom_margin="||||false|false" custom_margin_tablet="|0px|||false|false" custom_margin_phone="" custom_margin_last_edited="on|desktop"]
Answer
Chapter 1 Questions
In a business organization, different strategies enable the organization to achieve its intended goals. Henry Mintzberg’s model of strategy development provides a more encompassing view of strategies used by an organization. The types of strategies are planned, deliberate, emergent, realized, and unrealized strategies. Even though these strategies are different, they are related. Planned strategies are the set priorities clearly outlined in the books of the business. When these planned strategies are put into action, they form deliberate strategies. However, many planned strategies are not implemented due to unpredicted changes in the environment; they are unrealized. Emergent strategies are the unplanned responses to unforeseen circumstances. They arise from autonomous action by individual managers deep within the organization.
On most occasions, cognitive biases pose the question of how critical information can affect the decision-making mechanism to bring realistic strategic decisions in a company. There has emerged devil’s advocacy, dialectic inquiry, and outside view techniques to improve decision-making. Devil’s advocacy requires the generation of a plan and a critical analysis of that plan. For the decision-makers to realize the possible perils of the recommended course of action, a member of the group acts as a devil advocate emphasizing all the reasons that might make the proposal unacceptable. On the other hand, dialectic inquiry requires generating a plan (a thesis) and a counterplan (an antithesis) that reflects the possible but conflicting courses of action. Another technique is the outside view that requires planners to identify a reference class of similar past strategic initiatives, determining whether those initiatives succeeded or failed, and evaluate the project at hand against prior initiatives.
Concepts in the chapter.
- Scenario planning is the planning process where a company's management makes a flexible strategic plan reflecting on what might happen in the future.
- Cognitive biases: is a result of attempting to simplify information processing affecting g the decision and judgment made.
- Emotional intelligence is the ability to recognize and monitor their own and peoples’ emotions and use emotional information to guide thinking and behavior.
[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px|false|false" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|desktop" custom_padding="60px||6px|||"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_text _builder_version="4.9.3" _module_preset="default" min_height="34px" custom_margin="||4px|1px||"]
Related Samples
[/et_pb_text][et_pb_divider color="#E02B20" divider_weight="2px" _builder_version="4.9.3" _module_preset="default" width="10%" module_alignment="center" custom_margin="|||349px||"][/et_pb_divider][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner use_custom_gutter="on" _builder_version="4.9.3" _module_preset="default" custom_margin="|||-44px||" custom_margin_tablet="|||0px|false|false" custom_margin_phone="" custom_margin_last_edited="on|tablet" custom_padding="13px||16px|0px|false|false"][et_pb_column_inner saved_specialty_column_type="3_4" _builder_version="4.9.3" _module_preset="default"][et_pb_blog fullwidth="off" post_type="project" posts_number="5" excerpt_length="26" show_more="on" show_pagination="off" _builder_version="4.9.3" _module_preset="default" header_font="|600|||||||" read_more_font="|600|||||||" read_more_text_color="#e02b20" width="100%" custom_padding="|||0px|false|false" border_radii="on|5px|5px|5px|5px" border_width_all="2px" box_shadow_style="preset1"][/et_pb_blog][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type="1_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_sidebar orientation="right" area="sidebar-1" _builder_version="4.9.3" _module_preset="default" custom_margin="|-3px||||"][/et_pb_sidebar][/et_pb_column][/et_pb_section]