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Critically apply Cyert and March’s analysis of organizational decision making to the Siemens case. Compare/contrast the findings with Brusson’s view.

According to Cyert and March, fundamental structure analyzes the process of decision making in terms of the variables that influence the decision-making process, the goals of an organization, the expectations of the organization, and the choice of the organization. In the case of Siemens, several variables influenced the decision-making process...

What did General Mills hope to accomplish with its April 1994 reduction in trade promotions and prices? What were the risks associated with these actions? How do you expect General Mills’ competitors to respond? How then should General Mills proceed?

GM hopes to reduce the price gap with private label manufacturers, regain some of the market shares and increase their profits. The risk associated with these actions is that the competitors can follow the lead and reduce their prices as well. GM’s competitors can either lower their prices or preserve...

Why is the soft drink industry so profitable? If concentrate manufacturing is so profitable, why have so few firms successfully entered this business over the last century?

The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...

Analyze the RTE breakfast cereal industry. Why has it been such a profitable business? What changes have to lead to the current industry ‘crisis’? Why have private labels been able to enter this industry successfully? How do the cost structures of private label and branded cereal manufacturers differ? What are the critical core competencies and success factors needed in this industry? Make sure you include your assessment of General Mills’ resources, capabilities, and competencies. How do you see the private label cereal manufacturers concerning the critical success factors in this industry?

Historically, the ready-to-eat (RTE) cereal breakfast industry was characterized by relative stability and substantial profitability. The RTE market was dominated by the Big Three, such as Kellogg, General Mills, and Philip Morris, which created significant barriers for the entry of new brands. The main reasons leading to the current industry...

What are some devices used for temporary work zone situations?

Some devices used for temporary work zone situations include cones, orange and black work zone signs, flags, drums, arrow panels, and pavement markings. Explanation: These different devices are used as safety measures; they are designed to alert people about possible danger and prevent unfortunate health effects. For example, if the...

Which type of portfolio might a young investor who is not afraid of risk choose? a) A portfolio of with a high percentage of stocks b) A portfolio with a high percentage of conservative mutual funds c) A portfolio that is mostly cash d) A portfolio with a high percentage of treasury bonds.

The correct answer is a) a portfolio of with a high percentage of stocks. Explanation: In today’s financial marketplace, a solid portfolio is essential to any investor’s success. There are many strategies that you can adopt when building a portfolio as a young investor. Overall, it is recommended to have...

What are some devices used for temporary work zone situations?

Some devices that are used for temporary work zone situations are cones, barricades, drums, arrow panels, flags, pavement markings, and orange and black work zone signs. Explanation: The main purpose of these devices is to warn drivers and pedestrians of danger and make them pay attention to the road. Some...

A cutting board must be set aside and shown to manager when it is

A cutting board must be set aside and shown to a manager when it is used for cutting products that can cause cross-contamination. Explanation: For example, if an employee handled raw meat and then sliced some fruits without washing the board, it is possible to transfer pathogenic bacteria from one...

In NIMS, when do managers plan and prepare for the demobilization process?

The NIMS managers start planning and preparing for the demobilization process when it is clear that the situation requires a collaborative approach that includes personnel from several organizations. Explanation: NIMS, or the National Incident Management System, is a special structure for managing multi-jurisdictional or large-scale incidents. It works and is...

What is the principal by-product of the norming stage of team development? Is it significant?

Group cohesiveness is the principal by-product of the norming stage of team development. It is highly significant as social interaction between group members and the similarities of their interests and natures form strong interpersonal bonds that help to achieve corporate goals. Explanation: Group cohesiveness, or team cohesiveness, may be defined...

What are the three main goals of data lifecycle management (DLM)?

Data lifecycle management goals are to implement an approach based on policy in order to manage the flow of data and information. It is tightly interlinked with information lifecycle management techniques to ensure that all data pass through a specific set of stages. Three main goals of lifecycle management of...

What should be the customer service of a firm within the domain of logistics management?

Business needs to prove the appropriate level of customer service that will satisfy customers’ needs, increase the number of loyal customers, and business revenue. Explanation: Logistics management is the process of establishing and controlling the efficient flow and storage of a product in order to comply with customer’s requirements. One...

Which NIMS guiding principle supports interoperability among multiple organizations?

The guiding principle of standardization is the one that is directed to the interoperability among organizations in case of an incident. Explanation: The National Incident Management System (NIMS) is responsible for handling cases of incidents. The primary purposes of this system can be defined as saving lives, protecting the environment,...

What is the objective of inventory management?

The main objective of inventory management is to minimize various types of costs associated with the acquisition and storage of stocks. The importance of inventory management lies in two dimensions: 1. The performance: to ensure the continuity of production and shipment of finished products; 2. Efficiency: inventory management should be...

What is the COI management plan? What does it aim for?

A conflict of interest (COI) management plan is a document that outlines and implements measures to actively reduce, mitigate, or eliminate an actual, potential, or perceived conflict of interest held by an employee. The COI management plan aims to manage the conflict of interest and make it as transparent as possible...