19 Oct Business Management
Due In 24 Hours. Leadership For The 21st Century/Business Management Homework Assignment. RESPOND TO TWO CLASSMATE POSTS
RESPONSE CAN NOT AGREE!!!
Minimum 250 words per post, Minimum 2 references PER POST from the reference provided from course material listed below; apa format including website ***DO NOT JUST PLACE IN TEXT CITATIONS AT THE END OF A PARAGRAPH!!!!!***
COURSE MATERIAL TO BE USED IN RESPONSES. PLEASE USE ATLEAST TWO REFERENCES IN BOTH RESPONSES WITH THE IN TEXT CITATIONS AND REFERENCES IN RESPONSES.
Homework assignment. Respond to two discussion post by fellow classmate. Use only class materials in your responses. All responses to your classmates must have support from the class material, PROVIDED BELOW. This means any and all opinions, facts or conclusions must show support from the weekly class materials and/or case study facts, PROVIDED BELOW. APA in text citations, reference list and sound writing mechanics are required.
RESPONSE CAN NOT AGREE!!!
Professor instructions: Responses to your classmates also requires use of the course readings and is graded using the second element of the grading rubric. If an agree statement is provided, the grade for that post is a zero. Make the responses substantive and reflective of what you have learned from the readings
Original question #1
If you haven’t seen the movie Other People’s Money, the movie tracks the history of a local company that makes wire cable. It is a family business that has been the mainstay of the town for years. Danny Devito is an investment broker who has decided to take over the company while its stock is valuable.
The movie depicts a discussion that ensues and the battle over how to keep the company alive. The clip above highlights the battle and explains the problem with failing to innovate.
Watch the two movie clips located below and decide if the leader of New England Wire and Cable is doing the right thing for his stockholders. Would you advise a leader for today to take the same position taken in the clips? If so why? If not why not? Explain in detail. Support your answer using the course material.
Other People’s Money: Owners Speech to Convince Stockholders to Not Vote for Sale (4 min)
Other People’s Money: Disruptive Technology (4 min)
******My homework is to provide a response to this student answer to this question, Response must have in text citations AND references from the course material below, RESPONSE CANNOT BE IN AGREEMENT******
Angela Stackhouse Student Answer/Post 1:
Although Gregory Peck has the best of intentions and makes a compelling and passionate argument in his speech to the stockholders in the video clip, I don’t believe the leader of the New England Wire and Cable Company is doing the right thing. I would have to take the same position as Danny DeVito’s character (barnseyoz, 2009).
I take this position because it is clear that the business model for the company is becoming obsolete. DeVito, who doesn’t mind being called, ‘Larry the Liquidator’ makes a zealous plea himself and reminds the stockholders that everyone in the end wants to make money. With the new fiber optics technology coming, he feels they should all bail while the company is still profitable.
I would recommend a leader in today’s market take the same position since a lack of innovation will ultimately result in a ‘dead’ company. In the Ivey Business Journal article, “Leading disruptive innovation,” the author describes one of the main characteristics needed in today’s leader in order to be prepared to reinvent their business to remain competitive for the future involves disruptive innovation (Kaplan, 2012). This means ‘LEAPing and embracing change and ambiguity as well as expecting that there will be setbacks along the way as part of the process of leading in a dynamic and ever-evolving climate.
Original question #2
Research or create an example of how a company has used a data strategy to create competitive edge. Discuss thoroughly using the course material and your research.
******My homework is to provide a response to this student answer to this question, Response must have in text citations AND references from the course material below, RESPONSE CANNOT BE IN AGREEMENT******
Angela Stackhouse Student Answer/Post 2:
There are a number of ways in which utilizing a data strategy can give a business a competitive advantage. One way is to capitalize on customer-related data already available as part of the data strategy in order to follow customer trends. In the article, “Why Big Data is the new competitive advantage,” several examples of how a data strategy can offer insights are outlined so that effective business decisions can be made for companies to surpass their competitors. Examples of ways that a data strategy can boost a competitive edge include obtaining customer loyalty and retention; risk management and targeting advertising.
In the article, “5 Real-World Examples of How Brands are Using Big Data Analytics,” authors, McGuire, Manvika & Chui (2012) not only list out ways in which a data strategy can create a competitive edge, but it also provides brand examples that use these strategies to edge out their competitors. One of these companies, Netflix, collects an enormous amount of data concentrated on customer behavior in order to customize suggestions based on prior searches and selections to personalize the customer experience and surpass their competitors in customer satisfaction and loyalty all while gaining elite status in the industry.
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