MGT 521 ENTIRE COURSE
MGT 521 Week 1 Individual Assignment Worksheet: Applying management concepts for success at school and work Use the provided worksheet to guide your reading. Provide brief responses in each cell of the worksheet to demonstrate your understanding and application of key management concepts. Learn and practice attribution skills to support credibility and assure integrity of your work
The driving question behind this activity is "How can I apply key concepts from Management for success in school and career?" To help you answer this question, this activity provides opportunity for you to understand and apply key management concepts and tools from this week's materials to identify opportunities for becoming more efficient and effective at work while you pursue an MBA. By completing the provided worksheet, you will gather concepts, resources, and tools for building future assignments, and that can provide immediate benefits in your job and relationships, including:
- Identify and apply course concepts for success at school, work, and community
- Enhance credibility and assure integrity by supporting your ideas with research
- Automate management of research and attributions to save time, establish credibility, and Proactive time management
Since many of the concepts in this course may be new or presented in a different perspective than your experience, consider starting to work on this early in the week. Learning has a time component; so, relying on just-in-time management to complete the assignment and other weekly activities might get the job done, but you may miss learning value available through the exercise, while you risk missing deadlines designed to keep you focused and on track.
Required Content Resources
- Garner, S. (Producer), & Boland, M. (Director). (2011). Management styles explained [Video]. Films on Demand. Retrieved December 09, 2017, from https://fod.infobase.com/PortalPlaylists.aspx?wID=18566&xtid=44682
- Kinicki, A., & Williams, B. K. (2016). Management: A practical introduction (17 ed.). New York, NY, USA: McGraw Hill Education.
Recommended Attribution tools
- Attributions: Become an instant APA expert
- Attributions: Add a citation and create a bibliography [Microsoft>]
- Attributions: Create a References Cited page [Microsoft >]
Complete each empty cell in the "Management Concepts and Applications Worksheet" to define and apply key concepts from this week's materials, as follows:
- Define. In the "Define" column, explain the concepts using course materials or other credible sources.
- Keep your definitions brief, 50-75 words.
- Success tip: DO NOT copy and paste definitions; make sure the definitions represent your own learning with proper citations.
- Cite. In the "Cite" column, provide an in-text citation for your concepts.
- This assignment should include at least two sources, "Management: A practical introduction" textbook and the "Management styles explained" video.
- Success tip: DO NOT pull your definitions off Internet searches; using the premium resources you're paying for will help you tap value for your tuition investment, improve your learning, and assure the integrity of your work.
- Competency tip: Use the Microsoft Word "Citations & Bibliography" features under the Microsoft Word References tab to automate your referencing.
- Enter the details about your sources under "Manage Sources", make sure you select "Style > APA" 2. Use "Insert Citation" to insert your citation at the point of every borrowed idea. You will also use the "Bibliography > References" for the References Cited section at the end of the document.
- Apply. In the "Apply" column, answer each question, focusing on how you can apply the concept for success in your MBA program or in your career.
- Keep your responses brief, no more than 100 words per cell.
Build a References Cited page in APA format.
- Make sure you have entered your sources using the Manage Sources option under the References Tab, and inserted citations using the References > Insert Citation feature.
- Place your cursor under the "References" heading at the end of the worksheet.
- Under the "References" heading at the end of the worksheet, select > Bibliography > References". This will automatically build your References Cited list using the information you entered using the "Manage Sources" option.
- For the final touch, make sure you have selected Style > APA under the References Tab.
Competency Tip: The initial application of the Microsoft Word References Tab might seem a bit confusing, but the feature will save you many hours of work in the program by allowing you to automate the tedious attribution process, and help you integrate research across all your courses. Once you've entered a source under "Manage Sources", that source will be available for you to apply across all papers in the course and program. For a demonstration of how to input and apply APA formatted citations and references, see Attributions: Become an instant APA expert
MGT 521 Week 2 Learning Team Charter
Instructions: Overview in this course, your team will work together to complete a few assignments. This chartering assignment is designed to help you apply your project management skills to understand the scope of your project, then break the project into goals, tasks, responsibilities, resources, and milestones. The assignment also asks you to discuss and answer some questions that will lay the foundation for developing your project.
Beyond the Standard Charter You will notice that this chartering process goes beyond your standard University of Phoenix Charter by helping your team create a project plan for team success by providing you with opportunities to define your deliverables, recognize the connections between the deliverables and other classroom activities, determine your timelines and milestones, identify each team member's expected contribution, and answer questions that lay the foundation for building your projects. Putting "I" in "Team" Important to note is the section for defining learning team expectations related to participation, collaboration, communication, team contributions, assignment deadlines, and other considerations. Please take the time to discuss and document how your team will address each area and any challenges that may arise. It is important to understand that we are "Putting 'I' in 'Team'". In short, we will recognize and reward individuals according to their contributions to team output, not according to their team membership. This means that individual grades may be different from the team grade depending on each individual's contribution to each team deliverable. Completing This Assignment Do the following to complete this assignment:
- Review the Charter and Project plan.
- Review the weekly Learning Team deliverables.
- Complete the provided Learning Team Charter and Project Plan, including the following: team member contact information, project by week, learning team expectations, team discussion questions. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 2 Individual Assignment Strategic analysis and recommendations for [Company] Develop a presentation that defines key concepts in strategic planning, compares the mission statement of your organization against others, and makes recommendations about improving your organization's strategy planning and implementation
Instructions: Purpose of Assignment This activity will provide you an opportunity to:
- Define and apply basic management concepts for building a strategic plan.
- Compare and analyze the strategy or your organization against the strategy of a competitive organization, and make recommendations for improving your organization's planning and implementation.
- Build or enhance your professional network by engaging with an organizational leader.
- Develop or improve essential presentation development skills using Microsoft PowerPoint. Resources:
- Management: A Practical Introduction, Table 6.1
- Other course materials
- Chosen organization's mission, vision, and value statements, and strategic plan,
- BLS Industries at a Glance. Assignment Steps This assignment provides you with a fill-in-the-blanks Microsoft PowerPoint template that will walk you step-by-step to build the foundation of a presentation for understanding planning concepts and practices and applying them to improve your organization. In short, you will define key planning concepts, compare the mission, vision, and values of your organization against a competitive organization, and make recommendations for improving strategic planning and action at your organization. Prepare by gathering the information and resources you need to complete the activity. 1. Select a business or organization. This can include the following:
- The organization where you work
- An organization for which you would like to work
- Your own business
- Identify a similar or competitive organization that has a website with their vision, mission, and values (usually in an "About Us" section.
- Identify key concepts in management planning in the course materials, including Mission, Vision, Core Competency, and Strategic Goal.
- Download the WK2 Strategic Analysis Template from the Student Materials section of the assignment instructions. If you've never used Microsoft PowerPoint, consider viewing the Welcome to PowerPoint 2016 training module on the Microsoft PowerPoint Training site. Build a presentation using the provided template, which will guide you to do the following:
- Provide an introduction (hook, summarize what you will accomplish, explain how you will accomplish it)
- Define key concepts you will apply in the presentation (mission, vision, core competency, strategic goals)
- Compare your organization's mission, vision, and values against those of the competitive organization. 4. Make recommendations for improving your organization's vision and mission based on your analysis 5. Identify your organization's core competencies.
- Examine your organization's core competencies based on established definitions. Include a rationale for the selection of these core competencies.
- Summarize your organization's strategic goals.
- Evaluate whether your organization's current behavior and business goals are aligned to its mission, vision, values, and core competencies.
- Make recommendations for how your organization can align its actions with strategy.
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- Apply lessons learned in this assignment to define your personal mission and vision as an adult student.
- Provide a References Cited list as your final slide. Submit your assignment
- Click the Assignment Files tab to submit your assignment. Success tips:
- This assignment provides a fill-in-the-blanks PowerPoint presentation to help guide your development of this assignment, and to focus you on learning and applying the key concepts from this week. Keep things simple. Focus on the content and don't worry about getting lost in design. Simply replace the instructions and prompts in [brackets]. Make sure you support your ideas with research and proper citations. This will help you build credibility and assure integrity. That means a citation (name, date) after each borrowed idea and a references cited slide in the back. Consider talking with an organizational leader about the organizational strategy, asking the leader about the mission statement, vision statement, core competencies, strategic goals, and strategic alignment. You can use the discussion as a source for the assignment
MGT 521 Week 3 Individual Assignment Structure Follows Strategy - Individual
Instructions: Purpose of Assignment The purpose of this assignment is to give learners experience developing an organizational SWOT analysis that they may use for strategic planning. This assignment is pre-work for the Learning Team assignment this week.
Assignment Steps Resources: Management: A Practical Introduction; strategic plan for organization you chose; a leader or manager to interview. Select the organization you work for or an organization of your choice. Interview one leader or manager from the organization so that you may complete a SWOT for the organization. Let the interviewee know you are working on a class project. Prior to your interview, develop a 5- to 7question interview questionnaire you will use to query the interviewee to complete the organization's SWOTs. Conduct a SWOT analysis of the organization. Create a 525-word limit summary of the analysis. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 3 Learning Team Assignment Structure Follows Strategy - Team
Instructions: Purpose of Assignment The purpose of this assignment is to give learners experience in formulating management strategy for expansion into global markets. Assignment Steps Resources: Management: A Practical Introduction; Global Markets
Prior to the team discussion, each team member must complete a SWOT analysis for his or her organization. Learners may use the same organization from Week 2. Discuss in the team forum each team member's individual company SWOT analysis based on the Individual Assignment. Select one of your teammate's organizations to use for this assignment based on your discussion. Select a global market into which the company might expand. This should be a market with different characteristics so do not choose a similar market such as Canada. Scenario: The company is considering expanding into the global market. As a result, the management team is analyzing the current strategic objectives, the organization's structure and looking at how this change may affect any or all of these areas. The team will present these findings to leadership once completed. Create a 10- to 12-slide PowerPoint® presentation including detailed speaker notes or voiceover in which you include the following:
- Examine the current strategic objectives of the organization.
- Determine the current structure of the organization.
- Discuss how expanding to a global market may affect work functions.
- Recommend structural alternatives that may facilitate the new global strategy. How do these options differ? What are their strengths and weaknesses?
- Determine the key components of a change management strategy for the restructuring.
- Recommend next steps for an action plan. Create a "Recommended Structure" infographic in an appropriate format for the organization based on the analysis. This can be done using Microsoft® Publisher®, Word, or sites such as Glogster® or PiktoChart®. The infographic should illustrate the team's choice of structure. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 4 Individual Assignment Operational Tactics and Strategic Goals Presentation
Instructions: Purpose of Assignment The purpose of this assignment is to give learners an opportunity to apply lessons learned about operational tactics and strategic goals planning. Please refer to the resources below to assist with the assignment. Assignment Steps Resources: Ch. 5, 6, and 7 of Management: A Practical Introduction; SWOT analysis for the organization used in Week 3; company strategic plan; video creator such as Kizoa Movie Maker. Scenario: You have been promoted to senior level manager of a company with low employee morale and decreased productivity. You have been tasked with developing a strategic plan for the workforce to present to the CEO and other members of the leadership team. Choose your organization or one you know well to use for this assignment. You may use the same organization you used in previous weeks. Develop a 1-year strategic plan of action for your organization using lessons learned and your learning team activity during Week 3. Include plans for any additional staffing and the proposed budget for your plan. Modify your SWOT analysis, if necessary, for your presentation. Create a 10- to 12-slide PowerPoint® presentation including the following:
- Explain rationale for plan
- Discuss SWOT of organization
- Summarize one-year plan of action
- Flowchart of one-year plan
- Give an overview of Budget for plan
- Evaluate the potential benefit of the plan
- Write conclusion Develop a 700-word summary for the Executive team. Append your budget and SWOT analysis to the plan. Create a 2- to 3-minute motivational video for the workforce highlighting your leadership style as an asset to the organization and the workforce and your assigned task. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 5 Learning Team Assignment Leaders: Are They Born or Made
Instructions: Purpose of Assignment The purpose of this assignment is for learners to gain extensive knowledge about the origin of leaders and leadership theories. Assignment Steps Resources: Management: A Practical Introduction. Discuss the following in your learning team's discussion forum:
- Are leaders born or made?
- Cite your sources during your discussion.
- As a team, decide on a conclusion. Create a 12- to 16-slide PowerPoint® presentation justifying the team's conclusion(s) about whether leaders are born or made.
- Defend the team's position on whether leaders are born or made.
- Justify the team's position using relevant research.
- Apply leadership theory to the team's position.
- Include an introductory slide and reference slide as a part of the presentation. Do not exceed slide limit. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 5 Individual Assignment Leadership and Strategy
Purpose of Assignment The purpose of this assignment is to increase learners' comprehension of leadership styles and the effect of the styles on organizational environments. Assignment Steps Resources: Management: A Practical Introduction; Notes from team discussion Week 5; Bureau of Labor Statistics. Create a 1,050-word analysis addressing the following:
- Identify one theory that appeals to you the most from the leadership theories discussed in your team and in the text.
- Research two local companies: one in which the leadership seems to exemplify this leadership theory, and one that seems to be in direct contrast.
- Analyze how each leadership style might affect the respective company's performance and alignment to values.
- Discuss which leadership style to which you are most aligned.
- Discuss how you would practice this leadership style in your current work environment. If you are not currently employed, discuss how you would practice this style of leadership in a future job you might like to hold. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 6 Individual Assignment Balanced Scorecard Module
Instructions: Purpose of Assignment The purpose of this assignment is increase learners' knowledge of ways to effectively use the balanced scorecard to measure organizational performance. Assignment Steps Resources: Management:
A Practical Introduction; Bureau of Labor Statistics; annual reports of selected organizations. You may use the same organization you used in previous weeks. Review the four perspectives of the Balanced Scorecard Module in Section 16.3 of Management: A Practical Introduction to practice reading and evaluating the information it presents. Use the four perspectives of the Balanced Scorecard and your company documents. Determine the possible metrics for each quadrant for your organization. Explore the website for an organization comparable to yours. Determine the possible metrics for each quadrant for the organization. Explore the website for an organization not comparable to yours. Determine the possible metrics for each quadrant for the organization. Compare metrics for both organizations versus the metrics for your organization. Complete a 700-word summary including the following:
- Identify the metrics for your organization.
- Identify the metrics for the comparable organization.
- Identify the metrics for the non-comparable organization.
- Summarize how the metrics differ.
- Identify potential performance gaps in your organization.
- Recommend actions to reduce the performance gaps. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
MGT 521 Week 6 Individual Assignment Final Exam
Instructions: Complete the Final Examination. You are allowed one attempt to complete the examination, which is timed and must be completed in 3 hours. Results are automatically graded and sent to your instructor. Note: The automated final exam was designed in Google Chrome and is best viewed in the latest version of the browser. If you do not use the latest version of Google Chrome to view and complete the automated final exam, you may not be able to view the entire exam content. If you do not have the most current version of Google Chrome, download the browser before you enter the exam. Final Exam Study Guide If you're taking the Final Exam, you probably have some questions, such as:
- What is the structure of the Final Exam?
- What kinds of questions will I see? Can I see some examples?
- Why is the Final Exam designed this way?
- How should I study for the Final Exam? This document will answer these questions and help get you ready for the exam. Best wishes! What's the structure of the Final Exam? The exam questions are based on course objectives and concepts from throughout the course. There are 30 multiple-choice questions for each exam. The exam is timed and must be completed in 3 hours. Students are given one attempt to complete each exam. Results are auto-graded and sent to the instructor. Note: The final exam is best viewed via the Google Chrome web browser. Please download the latest version of Google Chrome if you do not have access. What kinds of questions will I see? Can I see some examples? The Final Exam will have a mix of the following types of questions:
- Applications: Knowing definitions is important, but you also need to be able to apply those definitions in practice. On your exam, you'll need to apply definitions from individual courses, and you'll also see questions combining concepts from different courses. These different kinds of application questions can ask you to:
- Connect a concept to an example of that concept. These questions might ask you to recognize an externality in a transaction, identify a marketing strategy given a description of activities, or spot an example of a management technique in action.
- Evaluate a situation and draw conclusions. These questions ask you to analyze a situation and make an appropriate recommendation. For example, you might be asked what would make communications more effective, what is required for a contract to be enforced, or to identify what would likely happen according to a particular theory.
- Perform calculations and apply techniques: You could be asked to perform operations related to finance or accounting, determine what would happen to an equilibrium point if something in the world changes, or predict changes in exchange rates.
- Critical Thinking Questions: On your Final Exam, you'll see questions testing your critical thinking skills, which means that you'll have to draw sound, logical conclusions while applying the techniques you've learned. You might be asked to identify an assumption, analyze an argument to determine what would make it stronger or weaker, or spot a flaw in an argument. These questions are often quite difficult, so get started by checking out the examples below. Sample Questions:
Note: These are general examples that may not necessarily reflect the content of your specific course, but rather will give you an idea of how the questions on your exam will be structured. 1. Rahul is a manager in the Marketing Department of Acadia Bear Hospitality, a mid-size chain of hotels primarily appealing to vacationers who are interested in nature. Rahul's goals for next year include the following: increasing revenue from guided tours by 20%, increasing the number of customers who visit Acadia Bear's Web site by 25%, and turning Acadia Bear customers into ambassadors for the Acadia Bear brand.
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Which of the following changes would most improve the list of yearly goals specified above?
- doubling the proposed percentage increases in revenue from guided tours and Web site visitors
- clarifying what is meant by an "ambassador for the Acadia Bear brand"
- including proposals for changing Acadia Bear's core mission
- specifying the decisions that Rahul should make each week in order to meet these goals
Answer: (B) Explanation: For goals to motivate employees, they must be clear. While many organizations want to turn their customers into "brand ambassadors," this goal should be more specific in order for Rahul to understand what success with respect to that goal would look like. (B) Is therefore correct, as it would provide Rahul with the clear understanding he would require. (A) Could be a good idea, but might not be realistic. Goals are not always improved by making them more demanding, so it is not clear that (A) would be an improvement. Asking Rahul to change the organization's core mission would be outside the scope of his responsibilities and so would not be a clear improvement to this list of goals. The list of weekly actions in (D) would probably make things worse by micromanaging Rahul. Yearly goals should not be that specific. 2. What real-world decisions would people be more likely to make if they are risk averse when considering potential losses?
- paying more for an extended warranty than the expected value of the cost of the repairs covered by the warranty
- considering the entertainment value of the gambling experience itself when deciding whether to wager in a casino
- performing home repairs oneself instead of hiring a professional
- preferring to participate in a lottery with a small chance of winning a large prize instead of receiving a small gift certificate
Answer: (A) Explanation: If people fear losses in a way that strict calculations would not predict, then they would be willing to pay more to insure against those risks than the expected value of taking that risk would suggest. In (A), people pay high amounts to insure themselves against a risk that, on average, would be less costly than the warranty. So (A) is correct. (B) Makes people sound more inclined to risk losses, which doesn't fit here. (C) Is also at least arguably on the side of taking risks, given that regular individuals tend to know less about home repair than professionals do. (D) Suggests that people prefer risks when it comes to gains, but this question is about losses. 3. A research team is measuring the willingness of consumers to pay for a bundle of premium television channels. The lowest any of the participants would be willing to pay per month was $50, and the highest amount was $200. Based on this evidence, the team concludes that the median amount that the consumers studied would be willing to pay would be $125. The conclusion reached by the researchers is flawed because it.
- fails to demonstrate that all potential consumers have the same willingness to pay as the individuals who were studied
- provides insufficient evidence to show that any one of the consumers studied would be willing to pay exactly $125
- fails to demonstrate that the mean amount that the consumers would be willing to pay is also $125
- does not compare the number of consumers who would be willing to pay more than $125 with the number of consumers who would not be willing to pay $125
Answer: (D) Explanation: The researchers have evidence on the range of prices that the consumers would be willing to pay, but that does not mean that the median is the average of the highest and lowest figures. The median is the middle value, and for all we know, the other consumers could be willing to pay much less than $125, or much more. (D) Described this flaw and is correct. (A) is incorrect because the conclusion concerns the consumers who were studied. The researchers aren't claiming that this data represents all potential consumers. (B) is incorrect because $125 could be the median even if no individual would be willing to pay exactly
$125. The median of an even number of items is the average of the middle two items. (C) Is wrong because the median and the mean are different measures that do not have to be the same. Questions 5-6 A Web site offers free resources to visitors who have medical questions. The site provides lists of symptoms and possible treatments for various conditions but makes no specific recommendations. The owners of the Web site claim that since the information in the site is medically accurate, use of the site will only improve the health outcomes of the people who use it. 5. The owners' claim depends on which of the following assumptions?
- Most of the visitors to the site have received inaccurate health advice from medical doctors.
- The site contains advice on mental health issues as well.
- The visitors to the site are capable of interpreting the information on the site accurately.
- No single resource can be expected to keep up to date with all of the latest medical research.
Answer: (C) Explanation: The advice on the site is accurate, but can it do harm? One open question is whether the visitors are capable of understanding the information they receive. If (C) is not true, and they cannot interpret the information on the site accurately, then they may well do harm to themselves or others as a result of this misunderstanding. (C), therefore, must be assumed. (A) Suggests that traditional sources of advice
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