Welcome to Class MT460 Mgmt Policy & Strategy Wednesdays, 7-8pm CDT Online Seminar Professor Tammy Madsen

Agenda Unit 7 Implementation Unit 7 Case Study Assignment Scotts Miracle-Gro Unit 7 Team Discussion Unit 9 Final Project Questions??

Learning Objectives How do short term objectives help achieve strategy implementation? Identify the qualities of good short term objectives. How do functional tactics differ from corporate and business strategies? Why are short-term objectives needed when long term objectives are already available? What are policies? How do we use them to empower employees?

Unit 7 Implementation  How do short term objectives help achieve strategy implementation? Defined: measurable outcomes achievable in one year or less (Pearce & Robinson, 2011) Assist strategy implementation: Identify measurable outcomes Action plans Functional activities Create feedback to make corrections and evaluation of relevance and acceptability Provide for: Specificity Time for completion Accountability – Who is responsible?

 Identify the qualities of good short term objectives. Measurable Activities and outcomes Priorities Simple ranking Relative priority / weights / percentage Linked to Long-term Objectives Cascading effect Milliken’s Sustainability Team (p 270) Unit 7 Implementation

 How do functional tactics differ from corporate and business strategies? Functional tactics defined: the key, routine activities that must be undertaken in each functional area to provide the business’s products and services (Pearce & Robinson, 2011) Translate thought into action Support business strategy Help accomplish business objectives Differ from business strategies:  Time horizon  Identify activities to be addressed / completed in the very short- term.  Specificity  Full understanding of what needs to be done to focus on desired outcomes.  Participants who develop them  Contribution toward corporate-level goals. Unit 7 Implementation

 Why are short-term objectives needed when long term objectives are already available? Value-added Benefits Identify role of operating personnel Help resolve conflict between strategic intent and operational reality Basis for developing budgets, schedules, and other sources of strategic control Can be powerful motivators, especially when connected to reward systems

Unit 7 Implementation  What are policies? How do we use them to empower employees? Policy Defined: directives designed to guide the thinking, decisions, and actions of managers and their subordinates in implementing a firm’s strategy (Pearce & Robinson, 2011) Empowerment Defined: is the act of allowing an individual or team the right and flexibility to make decisions and initiate action (Pearce & Robinson, 2011) How can policies EMPOWER employees?

Unit 7 Implementation  What are policies? How do we use them to empower employees? Policies that empower employees: Establish indirect control over independent action Promote uniform handling of similar activities Ensure quicker decisions by standardizing answers to recurring questions Institutionalize basic aspects of organization behavior Reduce uncertainty in repetitive and day-to-day decision making Counteract resistance Offer predetermined answers to routine problems Afford managers a mechanism for avoiding hasty decisions

Unit 7 Assignment Assignment Checklist  Scotts Miracle-Gro Case Study in Doc Sharing  Conduct a SWOT analysis on the case study company’s internal and external challenges to create functional tactics (short-term objectives) to support its outsourcing proposition in moving product forward.  Create a case study analysis using the template provided in Doc Sharing.

Unit 7 Assignment (cont) 1.Address Assignment Checklist Requirements 2.Use the Case Study template in Doc Sharing 3.APA style written pages 5.Cite your sources  In-text citations  Reference page 6. Submit in Dropbox before Tues 11pm CDT

Unit 7 Team Discussion Team Assignments Team A – Brandon, Kathy, & Corey Team B – Debbie, Marianne, Ashley, & April Appoint a Team Captain Agree on a Fortune 1000 company Collaborate in the corresponding Team discussion of Unit 7 on answering the outsourcing questions Team Captain to post agreed on Team response to General Discussion area for Unit 7 by Saturday Respond individually to initial Team postings Have fun with the collaborative learning process!!

Unit 9 Final Project: Strategic Plan Assignment Checklist  Determine the elements of strategic control.  Evaluate the balanced scorecard approach and how it integrates strategic and operational control.  Determine what is meant by continuous improvement and how it contributes to incremental innovation.

Unit 9 Final Project: Strategic Plan 1.Address Assignment Checklist Requirements 2.Use the Case Study template in Doc Sharing 3.PowerPoint Presentation 4.At least slides 5.Use the Notes Section for your talking points 6.Cite your sources  In-text citations  Reference page 6. Submit in Dropbox Unit 9 Assignment before Tuesday, September 4 at 11pm CDT

Unit 9 Final Project: Strategic Plan What should I be working on now? Identify your company **you must be able to find research and information on this company either via the Internet or a local newspaper / magazine publication** Begin conducting your research Background on products, services, customers Mission and vision statements What is the current organizational strategy? Get started on your presentation Create an outline Use the presentation format What would you say? Use the notes section Include a Reference page for your research

Read Chapter 10 & Case Study Initial post to Unit 7 Discussion by Sat. Respond to 2 classmates by Tuesday Submit Unit 7 Assignment Reward: To Do this Week!