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Today’s organizational cultures require highly functioning self-managed teams. In today’s organizational cultures it’s important that working teams have the autonomy to identify organizational challenges, are empowered to establish strategies for dealing with those challenges, and then are accountable for the outcomes of their actions. This requires a much higher level of team autonomy and sophistication than existed in earlier times, when work and workers were less sophisticated and high functioning. Since this is so important in today’s organizational culture, consider your readings and describe in detail the qualities that are necessary for a team to be highly functioning, self-managed, motivated, and focused on organizational goals. Support your response with citations from a combination of scholarly journal articles, Web site research, and traditional print resources.

General Motors is planning a new ad campaign targeted at aging Boomers who seek roominess, comfort and elegance.

Based on past experience, Task #1 usually takes days 52. If things do not go as planned, the task will take 74 days. If things go very well, Task #1 can be completed in 40 days.

Task #2 usually takes 87 days. Task #2 will be completed in 73 days if everything goes well. If there is a glitch, it will take 104 days. Normally, Task #2 cannot start until task #1 has been completed.

Task #3 normally takes 75 days under all conditions/scenarios. Task #3 cannot be started until task #2 has been completed.

Task #4 cannot start until Task #3 has been completed. Task #4 normally takes 72 days. For Task #4, the best and worst case scenarios are 64 days and 98 days, respectively.

Under normal circumstances, it takes 68 days to complete Task #5. The best and worst case scenarios are 53 and 71 days, respectively.

Task #6 normally takes 118 days. Under ideal conditions, it can be completed in 97 days. The pessimistic time estimate is 127 days. Task #6 cannot start until Task #4 is completed.

Questions:
- What is the expected number of days to complete this project.
- What is the variance for the project?
- What is the probability that the project will take more than 390 days to complete?

1. In current market conditions, companies need to gain and then maintain a competitive edge over their competitors. They do this by employing a compelling and dynamic strategic management process to create a strategy that helps them achieve their goals before one of their competitors does. What factors make up this process? How important is it to change, and what criteria determine the changes in a strategic management plan?

2. Differentiate between I/O and Resource-Based models of Above-Average Returns. Which is a more successful model? Which model will you use to help shape your strategic management plan and why?

3. Describe the twenty-first century competitive landscape and the various challenges it brings to businesses. Why will a traditional mindset not lead a company to strategic competitiveness and what values must managers adopt to overcome these challenges?

Looking into the future is a conundrum: it is both necessary and impossible to do with complete accuracy. From knowing what the weather will be like tomorrow to trying to decide what the stock market will do, forecasting is an activity that consumes a considerable amount of our attention because it impacts our lives so directly.

QUESTION:

How important is forecasting to planning and decision making for a business?

Analyze the various techniques of forecasting and explain which would be appropriate or inappropriate to (a) a manufacturing enterprise, and (b) a service provider. Conclude your Discussion by identifying a model of demand management that would be well-suited to the retail food industry.