Explain how you expect this course will help you move forward in your current or future career.
Part 2: Identify a public company that could benefit from applying the I/O Model of Above-Average Returns (Figure 1.2 on page 15 in the textbook).
Follow the five steps to justify your answer.
Do not use Apple or Walmart in this exercise.
Be sure to incorporate the relevant vocabulary or terms from the chapter and give us the “why.”
Part 3: Following the Strayer Writing Standards (SWS), provide an example of each: (1) a quote, (2) a paraphrase, (3) a list of sources from chapter one (1) of your textbook.
Review and learn how to cite correctly. Click here: The Basics of SWS.
Review Use Your Own Words. Click Here: Preventing plagiarism
Follow this example:
Quote: “Corporate governance is the set of mechanisms used to manage the relationships among stakeholders and to determine and control the strategic direction and performance of organizations” (Hitt, 1, p.312).
Paraphrase: The delegation of decision-making to another party where compensation exists is known as agency relationship (Hitt, 1)
Sources
1. Hitt, Ireland, & Hoskisson. 2020. Strategic management: Concepts and Cases: Competitiveness and globalization (13th ed.). Mason, OH: South-Western Cengage Learning
Be sure to respond to at least one of your classmates’ posts. Respond to the post below.
Evelyn Wilson
Hello class. My name is Evelyn and I am at the end of my degree with this and one other course. I grew up in Las Vegas, NV, but have been in Fort Worth, TX since 2014. I plan to use my degree to change careers.
The public company that could benefit from applying the I/O Model of Above-Average Returns is Amazon.
Studying the external environemnt, Amazon has utilized technology and is a completely online store for customers. They offer a range of delivery speeds, including next day and same day. The covid pandemic has caused many companies to focus on their online shopping for customers creating more competition for Amazon.
An attractive industry would be the construction indusutry because it would allow for an even greater market for Aamazon.
Amazon can implement a strategy that will create more partnerships internationally to create an even greater awareness and market for customers. Also implimenting strategies to boost their reputation in the current communities to create a stronger loyalty in their customer base.
The assets and skills needed are resources and finances set aside to focus on creating these international partnerhips. This may include utilizing current employees to travel internationally to assist in set up. Training and accomodations willbe needed.
Implementation will utilize the company’s strength of already currently having small partnerships internationally with sales. The organization will utilize their knwoledge they already posses to implement strategyies and result in above average returns.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2019). Strategic Management: Concepts and Cases: Competitiveness and Globalization (13th Edition). Cengage Learning US. https://strayer.vitalsource.com/books/978035712585…
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