Capital budgeting simulation essay

Which of the following is not a primary concern for your Finance Department? The product life cycle focus will enable sales for many years on each new product introduced into the High End segment. Products will begin their lives in the High End, mature into Traditional and finish as Low End products before they are retired and their assets harvested.

Capital budgeting simulation essay

The objectives of OD are: In other words, these programs[ which? But broadly speaking, all organizational development programs try to achieve the following objectives: Organizational development helps in making employees align with the vision of the organization encouraging employees Capital budgeting simulation essay solve problems instead of avoiding them strengthening inter-personal trust, cooperation, and communication for the successful achievement of organizational goals encouraging every individual to participate in the process of planning, thus making them feel responsible for the implementation of the plan creating a work atmosphere in which employees are encouraged[ by whom?

This, in turn, leads to greater personal, group, and organizational effectiveness.

Comprehensive NCLEX Questions Most Like The NCLEX

Change agent[ edit ] A change agent in the sense used here is not a technical expert skilled in such functional areas as accounting, production, or finance. The change agent is a behavioral scientist who knows how to get people in an organization involved in solving their own problems.

A change agent's main strength is a comprehensive knowledge of human behavior, supported by a number of intervention techniques to be discussed later.

The change agent can be either external or internal to the organization. An internal change agent is usually a staff person who has expertise in the behavioral sciences and in the intervention technology of OD.

Capital budgeting simulation essay

Beckhard reports several cases in which line people have been trained in OD and have returned to their organizations to engage in successful change-assignments. In their three-year study of UK healthcare organizations, the researchers identified three different mechanisms through which knowledge leaders actively "transposed", "appropriated" or "contended" change concepts, effectively translating and embedding these in organizational practice.

In such a case, the "contractual relationship" is an in-house agreement that should probably be explicit with respect to all of the conditions involved except the fee. Sponsoring organization[ edit ] The initiative for OD programs often comes from an organization that has a problem or anticipates facing a problem.

This means that top management or someone authorized by top management is aware that a problem exists and has decided to seek help in solving it. There is a direct analogy here to the practice of psychotherapy: The client or patient must actively seek help in finding a solution to his problems.

This indicates a willingness on the part of the client organization to accept help and assures the organization that management is actively concerned. The basic method used is known as action research.

This approach, which is described in detail later, consists of a preliminary diagnosis, collecting data, feedback of the data to the client, data exploration by the client group, action planning based on the data, and taking action.

Parts of systems — for example, individuals, cliques, structures, norms, values, and products — are not considered in isolation; the principle of interdependency — that change in one part of a system affects the other parts — is fully recognized.

Thus OD interventions focus on the total cultures and cultural processes of organizations. The focus is also on groups, since the relevant behavior of individuals in organizations and groups is generally a product of the influences of groups rather than of personalities.

This includes improved interpersonal and group processes, more effective communication, and enhanced ability to cope with organizational problems of all kinds.

It also involves more effective decision processes, more appropriate leadership stylesimproved skill in dealing with destructive conflict, as well as developing improved levels of trust and cooperation among organizational members. These objectives stem from a value system based on an optimistic view of the nature of man — that man in a supportive environment is capable of achieving higher levels of development and accomplishment.

Essential to organization development and effectiveness is the scientific method — inquiry, a rigorous search for causes, experimental testing of hypotheses, and review of results. Self-managing work groups allows the members of a work team to manage, control, and monitor all facets of their work, from recruiting, hiring, and new employees to deciding when to take rest breaks.

An early analysis of the first-self-managing work groups yielded the following behavioral characteristics Hackman, Employees assume personal responsibility and accountability for outcomes of their work.

Employees monitor their own performance and seek feedback on how well they are accomplishing their goals. Employees manage their performance and take corrective action when necessary to improve their and the performance of other group members.

Employees seek guidance, assistance, and resources from the organization when they do not have what they need to do the job. Employees help members of their work group and employees in other groups to improve job performance and raise productivity for the organization as a whole. Organizational self-renewal[ edit ] The ultimate aim of OD practitioners is to "work themselves out of a job" by leaving the client organization with a set of tools, behaviors, attitudes, and an action plan with which to monitor its own state of health and to take corrective steps toward its own renewal and development.

This is consistent with the systems concept of feedback as a regulatory and corrective mechanism. One example of a self-renewal simulation, authored by researchers from Cornell University and Indiana University, can be found here see citation.

The organization members are clear about the organization's mission and purpose and goal agreements, whether people support the organization's purpose.

How is the organization's work divided up? The question is whether there is an adequate fit between the purpose and the internal structure.

Capital budgeting simulation essay

Between individuals, between units or departments that perform different tasks, and between the people and requirements of their jobs. The consultant should diagnose the similarities between what the organization formally rewarded or punished members for. Is to watch for blips among the other boxes and maintain balance among them.About Olin Business School.

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We have now placed Twitpic in an archived state. Capsim Exam Questions This Exam Capsim Exam Questions and other 64,+ term papers, college essay examples and free essays are available now on alphabetnyc.com Autor: Håkon Lilleberg • November 13, • Exam • 17, Words (71 Pages) • 1, Views.

A marketing orientation has been defined as a "philosophy of business management." or "a corpora A firm employing a product orientation is mainly concerned with the quality of its own product.

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