OB-homeworkassignment1

I most admire person is Mandela, the leader of South Africa. South Africa team just won the game competing with France yesterday in Soccer World Cup. It was great game. And coincidently, I just watched a movie about Mandela on my way flying back from China last month, and I love that movie too. It talked about how Mandela led the South Africa Soccor team defeated England team and gained their Championship in world cup after a long time down. He is an amazing leader. He is courageous first, secondly because of his strengths, and thirdly becuase he had a vision.
Leaders were seen to be courageous in terms of saying and doing what they believed in despite the consequnses and the opionion of the crowd. They chanllenge the stautus quo. Because of Mandela's strength, not physcially, but mentally, he led the country going through the governing transition smoothier. It looked like one of his natural charactors. This strength manifested itself in his belief and valuses, vision and determination to carry out this vision, also influence and reassure his followers. In other words, the good leader has making decision skills. Mandela were described as vsionaries with a passion and determination to follow a vision that they could articulate clearly. He showed strength and was far ranging.

Project Management Week 1

The spring program was over, and now i am back for summer section. Still with so much interests, I would like to learn more about MBA. However, it will be tougher, so many courses registered in summer, I hope I have enough time and energy to handle it. Project management is the discipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives. It is sometimes conflated with program management, however technically a program is actrually a higher level construct: a group of related and somehow interdependent projects.
Once you have planned your project, turn your attention to developing severals that will enable you to be successful. Goals should be SMART- specific, measurable, agreed upon, realistic and time based. Specific-well defined, clear to anyone that has a basic knowledge of the project. Measurable-know if the goal is obtainable and how far away completion is, know when it has been achieved. Agree Upon-agreement with all th stakeholders what the goals should be. Ralistic-within the availability of resources, knowledge and time. Time based-enough time to achieve the goal, not too much time, which can affect project performance. I think my goal is very SMART.

Strategy Chapter 9 (3)

What business is it in?
the value chain and integration helps to answer the question
Value Chain is easy understand concepts. Integration has forward and backward, When a company operates in ares further down the value chain it is said be forwardly integrated toward the consumer. If a business operates in ares closer to the raw materials, then the company is said to be backwardly integrated. Integration also has vertical and horizontal. Company that participate at many levels of the value chain is called vertcially integrated, If its competitior at the same level in the value chaine, it is called horizontal integration,
Strategy is a big picture, thre levels of strategy Funcitonal strategy, Business strategy and corpate strategy.
Functional strategy is those operational methods and value adding activities that management chooses for its business.
Business strategy is those battle plans used ot fight the competition in the industry that a company currently participtes in. They are on a highter level than functional strategies, but there is obviously an overlap between bow a company opertes and how it cometes.
Corporte stategy looks at the whole gamut of business opportunities.

Strategy Chapter 9 (2)

Mission Statement is the thing I really like to know when I reach out a new company. It is actually a company speak about their goals. A mission statement should be a short and concise statement of goals and priorities. Unfortunately they are often long, bland, and tedious documents. When senior executives return from expensive executive programs from one of the top ten shcolls, frequenttly they forma a mission statement task force or hri a consutant for this purpose. The exercise has a lagre element of keeeping up with the Joneses, if a company incorporates a mission staement in its annual report, then all of its competitors go off to cook up theris. The shortest statement I really like is GOT Milk?

Strategy Chapter 9 (1)

Strategy is a long term approach to implementing a firm's business plans to achieve its business objectives.
Business conditons are always changing, so it is a good practice to priodically step back and take a hard look at your business strategy and how you are implementing it. The prime aim of a business stategy is to provide superior value, differentiation, and core competencies for an organization. The paper provides an insight into the mission, goals, and objectives of business strategy. Forming a successful busienss strategy involves creating a first-rate competitive strategy, business must develop a plan that addresses ways to compete in their respecive markets. Seven S model is very useful: Structure, systems, style, staff, skills, strategy and superordiante goals.

Economics Chapter 8 (3)

A country analysis is four steo process that attempts to organize all available economic, social, political, and geographic data for strategy developement.
1. analyze past performance
2. Identify the country's strategy
3.analyze a country's context
4. Make a prediction Based on steps 1, 2 and 3

Economics Chapter 8 (2)

Competitive Market Structure
In addition to elasticity of demand, the competitive environment drives supply, demand and prices. The greater the competition in a given market, the more sensitive the market price is to changes in suply and demand. Four basice market structure:
Pure Monopoly, If there is only one seller with a unique roduct, then the seller is said to have a pure monopoly,
Oligopoly. When ther are only a few suppliers for a product for which there are few substitutes, then what prevails is sna oligopoly. with only a few competitors, prices can be maintained at high levels if the producers choose not to compete on rice. If not, the market plyers can engage in price wars that can push prices down.
Monopolistic Competition. In a market where there are many producers with products that can be differentiates, monopolistic competition can occur.
Pure Competition. In pure competition there are many competitiors selling a similar, substituable product. Marketing does not affect the price producers can get.