OP7210 Graduate Diploma in Strategic Management Level 7 Assignment Answer
These are the assignment answers Of OP7210 Graduate Diploma in Strategic Management Level 7 Assignment Answer NZ.
In this course, you will learn how to think about things strategically. You will learn skills that are important for a manager to have, such as thinking about things in different ways and using resources efficiently.
You may be interested in a graduate diploma because of your interest in management or leadership positions where strategic thinking is required on top of technical know-how.
Assignment Solution Of OP7210 Graduate Diploma in Strategic Management Level 7 Assignment
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Assignment Activity 1. Business ethics
Business ethics is a set of standards for the way a businessman conducts his/her business.
The three most important things to consider in business ethics are conflicts of interest, honesty, and transparency. One time when it is a conflict of interest is when you have something that someone else needs but they do not know about.
Honesty is telling the truth or saying what you really think. Transparency means that people know all the information about something so they can make decisions based on that knowledge.
If everyone in an organization does the right thing, then it is likely that the company will thrive. When there are no dilemmas about ethical behavior, it is easier to do these things and nobody will be worried about what they have to do.
This means that they are more likely to do a good job and be productive. And if people think about what society needs, then the world will become better.
Assignment Activity 2. Managing change
Managing change is a difficult process, particularly for larger organizations.
What are some best practices to help manage the change?
There are two ways to change things. One way is that a leader tells the members what to do and they put up with it, even if they don’t want to.
The best way to get a team on the same page is through collaboration. This can be done either from top-down or bottom-up approaches but whichever one you choose, it’s important for everyone to agree with and participate in any changes needed.
The bottom-up approach is more effective because it starts with identifying problems within your division.
You do this by finding common ground among everyone in the group. Then, you determine what can be done to fix it.
If it was determined that there are too many customers lost through expired credit cards being put on hold due to fraud because of outdated software systems, this is not a good thing.
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Assignment Activity 3. Strategic management.
Strategic management is the process of implementing a company’s strategy.
The company’s strategy could be around price, price, innovation, cost-management, or any other factor important to the future success of the business.
So it depends what kind of strategies your organization needs to implement.
In most organizations, it is important to have everyone in the organization work together. For example, without the support staff (like R&D), there won’t be any sustained competitive advantage and improved performance.
Your job as an automotive engineer might be tough because there are a lot of people in this industry and it will be hard to get ahead. You may have to work with suppliers or buyers, which can also prove difficult considering the competition for sales positions is high.
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