Assignment
1
Taliah S. Winters
Grand Canyon University-LDR:620
10/30/2021
Assignment
2
Assignment
Management Tactics and Strategies
Meeting strategic goals for the company requires consideration of various managerial tactics
to bring excellent outcomes (Uzir et al. 2019). Some of the organizational tactics and
strategies that will be implemented to foster efficiency and performance are:
1. Collaborative Management Tactic
In this case, the managers guide the team to bring individual strength to the company and
facilitate participation, innovation, and creativity (Brodeur et al. 2021). Every employee has
an opportunity to collaborate and provide the opinion of enhancing efficiencies and
cooperation as part of the company’s strength, and even offering solutions of overcoming the
weaknesses and threats facing the company excellence.
2. Democratic Management Tactic
Although the managers retain their leadership and power over the employees, this tactic
opens an opportunity for the employees to have equal participation in decision-making and
offer solid opinions and recommendations freely (Oldayo et al. 2021). This tactic provides
freedom to the employees to have a sense of being valued and contribute to effective
decision-making based on their ideas. Effective and efficient decision-making ultimately
improves financial performance, excellent distribution of best products to the consumers,
strong cooperation among employees, and enhancing overcoming threats and weaknesses
while making good use of prevailing opportunities.
Application of Managerial Decision-making Methods
Effective decision-making is crucial in running a company and achieving the goals and
strategies out of the prevailing threats. All aspects of products, from production, packaging,
sales, and distribution, revolve around managers and stakeholders (Arun 2021). The decisionprocess in the whole action plan is covered under five major steeps that include:
1. Establishing the Objective
This is the first and foremost step to establish the SMART objective of the company, which is
aimed at maximizing the production and income generation and at a considerable low cost.
This step enhances attaining high production and ensures the consumers are delighted with
Assignment
3
the products and the price. The most crucial issue to consider in this step is stakeholder’s
involvement to ensure the arrival of the best decision, which will positively influence the
company’s production process.
2. Definition of the Problem
This step entails identifying and defining the problem or a challenge that needs a decisionmaking process to provide a long-lasting solution. The problems arose from the internal
environment and the consumers, which presents the company’s weaknesses, such as similarity
in production and costly products.
3. Alternative Courses of Action
The potential challenges need a thorough investigation and possible solutions to make the
company one of the best companies in the market. The correlation between the variables will
determine the alternative solution to find out the cause-effect, and hence the best course of
action will not negatively impact the company.
4. Evaluating Alternative Courses of Action
Data available within various departments will help evaluate the courses of action. Methods
such as regression analysis, linear programming, and cost-benefit analysis will be vital in
achieving the optimal course of action.
5. Implementing the Decision
The selected optimal course of action will be implemented in the final step of the decisionmaking process. The implementation process entails regular monitoring to check whether the
results align with the optimal course of action.
Assignment
4
Business functions that the action plan will impact
The action will affect the company through influence on various business functions, mainly
Human resources and Marketing.
Human Resources
Managerial tactics, in this case, will be a reduction of hiring and training expenses aimed at
minimizing the turnover. Extensive training will also be emphasized in an attempt to reduce
errors from the individual employee.
Marketing
Massive advertising campaigns on the best and quality products will form a crucial part of
maximizing profit. Likewise, there will be an accurate examination of the product preference
of the customer. Additionally, there will be a focus on detecting and reacting to the prevailing
market trends.
Leadership Strategies to be implemented throughout the execution of the action plan
In most instances, the leadership strategy might be ambiguous. Sometimes it becomes a
challenge to project how a particular leadership strategy will influence the bottom line. Still,
the critical thing to remember is the general responsibility to influence, engage, and
encourage employees’ actions to a common goal (Super 2020). Some of the leadership to be
implemented in the action plan includes:
•
Defining and Communicating Visions- As a leader, the whole picture of the
company’s future needs to be a priority. A vision will be shared throughout the action
plan and put into action to propel the outcomes.
•
Encouraging Recognition- There will be a strong recognition of the employees
throughout the action plan to boost their morale, instill commitment and engagement
in the various activities.
•
Delegation and Empowerment- team members will be empowered through
delegation of the greater responsibilities to enhance the gaining of the skills among
them and application of the new knowledge, which will be vital in the action plan.
Assignment
5
References
Arun, C. J. (2021). Use of Discernment in Effective Decision Making: A Case for Method of
Deep Conversation.
Brodeur, J., Pellerin, R., & Deschamps, I. (2021). Collaborative approach to digital
transformation (CADT) model for manufacturing SMEs. Journal of Manufacturing
Technology Management.
Oladayo, N. S., & Raju, V. (2021). EFFECTIVE MANAGEMENT STYLES.
Super, J. F. (2020). Building innovative teams: Leadership strategies across the various stages
of team development. Business Horizons, 63(4), 553-563.
Uzir, A., Gašević, D., Matcha, W., Jovanović, J., Pardo, A., Lim, L. A., & Gentili, S. (2019,
September). Discovering time management strategies in learning processes using
process mining techniques. In European Conference on Technology Enhanced
Learning (pp. 555-569). Springer, Cham.
Purchase answer to see full
attachment
1
Taliah S. Winters
Grand Canyon University-LDR:620
10/30/2021
Assignment
2
Assignment
Management Tactics and Strategies
Meeting strategic goals for the company requires consideration of various managerial tactics
to bring excellent outcomes (Uzir et al. 2019). Some of the organizational tactics and
strategies that will be implemented to foster efficiency and performance are:
1. Collaborative Management Tactic
In this case, the managers guide the team to bring individual strength to the company and
facilitate participation, innovation, and creativity (Brodeur et al. 2021). Every employee has
an opportunity to collaborate and provide the opinion of enhancing efficiencies and
cooperation as part of the company’s strength, and even offering solutions of overcoming the
weaknesses and threats facing the company excellence.
2. Democratic Management Tactic
Although the managers retain their leadership and power over the employees, this tactic
opens an opportunity for the employees to have equal participation in decision-making and
offer solid opinions and recommendations freely (Oldayo et al. 2021). This tactic provides
freedom to the employees to have a sense of being valued and contribute to effective
decision-making based on their ideas. Effective and efficient decision-making ultimately
improves financial performance, excellent distribution of best products to the consumers,
strong cooperation among employees, and enhancing overcoming threats and weaknesses
while making good use of prevailing opportunities.
Application of Managerial Decision-making Methods
Effective decision-making is crucial in running a company and achieving the goals and
strategies out of the prevailing threats. All aspects of products, from production, packaging,
sales, and distribution, revolve around managers and stakeholders (Arun 2021). The decisionprocess in the whole action plan is covered under five major steeps that include:
1. Establishing the Objective
This is the first and foremost step to establish the SMART objective of the company, which is
aimed at maximizing the production and income generation and at a considerable low cost.
This step enhances attaining high production and ensures the consumers are delighted with
Assignment
3
the products and the price. The most crucial issue to consider in this step is stakeholder’s
involvement to ensure the arrival of the best decision, which will positively influence the
company’s production process.
2. Definition of the Problem
This step entails identifying and defining the problem or a challenge that needs a decisionmaking process to provide a long-lasting solution. The problems arose from the internal
environment and the consumers, which presents the company’s weaknesses, such as similarity
in production and costly products.
3. Alternative Courses of Action
The potential challenges need a thorough investigation and possible solutions to make the
company one of the best companies in the market. The correlation between the variables will
determine the alternative solution to find out the cause-effect, and hence the best course of
action will not negatively impact the company.
4. Evaluating Alternative Courses of Action
Data available within various departments will help evaluate the courses of action. Methods
such as regression analysis, linear programming, and cost-benefit analysis will be vital in
achieving the optimal course of action.
5. Implementing the Decision
The selected optimal course of action will be implemented in the final step of the decisionmaking process. The implementation process entails regular monitoring to check whether the
results align with the optimal course of action.
Assignment
4
Business functions that the action plan will impact
The action will affect the company through influence on various business functions, mainly
Human resources and Marketing.
Human Resources
Managerial tactics, in this case, will be a reduction of hiring and training expenses aimed at
minimizing the turnover. Extensive training will also be emphasized in an attempt to reduce
errors from the individual employee.
Marketing
Massive advertising campaigns on the best and quality products will form a crucial part of
maximizing profit. Likewise, there will be an accurate examination of the product preference
of the customer. Additionally, there will be a focus on detecting and reacting to the prevailing
market trends.
Leadership Strategies to be implemented throughout the execution of the action plan
In most instances, the leadership strategy might be ambiguous. Sometimes it becomes a
challenge to project how a particular leadership strategy will influence the bottom line. Still,
the critical thing to remember is the general responsibility to influence, engage, and
encourage employees’ actions to a common goal (Super 2020). Some of the leadership to be
implemented in the action plan includes:
•
Defining and Communicating Visions- As a leader, the whole picture of the
company’s future needs to be a priority. A vision will be shared throughout the action
plan and put into action to propel the outcomes.
•
Encouraging Recognition- There will be a strong recognition of the employees
throughout the action plan to boost their morale, instill commitment and engagement
in the various activities.
•
Delegation and Empowerment- team members will be empowered through
delegation of the greater responsibilities to enhance the gaining of the skills among
them and application of the new knowledge, which will be vital in the action plan.
Assignment
5
References
Arun, C. J. (2021). Use of Discernment in Effective Decision Making: A Case for Method of
Deep Conversation.
Brodeur, J., Pellerin, R., & Deschamps, I. (2021). Collaborative approach to digital
transformation (CADT) model for manufacturing SMEs. Journal of Manufacturing
Technology Management.
Oladayo, N. S., & Raju, V. (2021). EFFECTIVE MANAGEMENT STYLES.
Super, J. F. (2020). Building innovative teams: Leadership strategies across the various stages
of team development. Business Horizons, 63(4), 553-563.
Uzir, A., Gašević, D., Matcha, W., Jovanović, J., Pardo, A., Lim, L. A., & Gentili, S. (2019,
September). Discovering time management strategies in learning processes using
process mining techniques. In European Conference on Technology Enhanced
Learning (pp. 555-569). Springer, Cham.
Purchase answer to see full
attachment
