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(Solved) Can you please do this for me Professor? Respond to Discussion


Can you please do this for me Professor? 

Respond to Discussion Questions with 150-200 words. In your efforts to provide the answers, I would like to encourage you to also use personal experiences in your responses. Also, cite information from your text to support your answer. 

1. Market control uses, competition, profit centers and exchange of relationships as a means of adding value to the organization (Bateman and Snell, 2013). One good example would be the managing of a hotel. In the hotel business, most of us know hotels survive based on the room rates they charge the public, but most of us are blind to certain hidden cost on what may make up hotel profits (We call them profit centers). In the hotel business, profit centers can be vending machines, laundry facilities, local and long distance calling (just to name a few). Profit centers are basically businesses within a business that contribute to an organization financial status.

Bateman, T.S. & Snell, S.A. (2013). Management: Leading and Collaborating in the Competitive World (10th ed.) McGraw-Hill/Irwin, New York, NY

1. Provide another example using a different organization?

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2. Being creative is being able to generate ideas; organizations became innovative by putting those ideas into action. According to Kuratko, Goldsby, Hornsby (2012) noted "Creativity is typically described as the process of generating new ideas, while innovation takes creativity a step further by being a process that turns those ideas into reality" (p.6). Is creativity inherited or can it be learned? Explain your answer in detail and support your answer with material in our textbooks.

Kuratko, D.F., Goldsby, M.G., & Hornsby, J.S. (2012). Innovation Acceleration: Transforming Organizational Thinking. Prentice Hall

2. Is creativity inherited or can it be learned? Explain your answer in detail and support your answer with material in our textbooks.

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3. Companies that continue to tap into their innovative side, by developing new products and service tend to be the organizations that have longevity in the business world, even if it mean recreating your business model. Developing countries are reinventing production and distribution systems and experimenting with entirely new business models, therefore, creating competition for developed countries (Bateman and Snell, 2013).

Bateman, T.S. & Snell, S.A. (2013). Management: Leading and Collaborating in the Competitive World (10th ed.) McGraw-Hill/Irwin, New York, NY

3. What can developed countries such as the U.S. do to maintain the innovative edge over developing countries?

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4. Companies must perform thorough research on the environment, consumers, competitors, and make an effort on forecasting trends. Bateman and Snell (2013) posited, "A thorough situational analysis studies past events, examines current conditions, and attempts to forecast future trends" (p. 129). Companies study past events to determine what courses of actions were successful and which ones were not so they can keep the good and manipulate the bad to fit within accomplishing their objectives. They examine current conditions to determine the customer's needs and base their decision off location, competition, availability of resources, laws etc.

Bateman, T.S. & Snell, S.A. (2013). Management: Leading and Collaborating in the Competitive World (10th ed.) McGraw-Hill/Irwin, New York, NY

4. Provide some examples on how your organization has used forecasting to gain a competitive edge in the market?


Question 1

 

Market control also facilitates the process of assessing and managing competition. It

 

influences competition through market aspects such as quantity and price. The higher the number

 

of...

 


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