The Reluctant Workers Essay Example | Topics and Well Written Essays - 1000 words - 1

The Reluctant Workers - Essay Example As soon as the working day ends, the entire collective goes home not willing to have a meeting or discuss impending tasks and plans. Phil Davies, a director of project management, explains this with the fact that in a project environment people are prioritized therefore it is essential first of all to provide satisfaction of every employee and after that the objectives of the project should be attained. To achieve efficacious program management, it is imperative to obtain ten important skills several of which can be noticed in the behavior of Tim Aston. A young manager displays professional leadership skills when he asks his staff to come to him in case an employee has some kind of predicament. Tim is willing to help his workers in finding the best solution of the problems. As a genuine leader, Tim is not afraid to take responsibility for decision-making and wants his staff to take him seriously and treat him with respect. The second point of the managerial core skills that can be found in the case study is management support. Tim Aston comes to the director asking for a piece of advice because he realizes that the support of other departments and managers can be crucial for the success of the project. Tim has managed to find a very good candidate from Accounting Department to be applied for the project. Considering that this guy will be extremely useful in his crew, Tim asks his boss to release him for a project. With his favor, Tim counts on understanding and support of Accounting Department. The third aspect that Tim faces is the process of resource allocation. It is well known that every project requires only the most appropriate employees with great potential and apposite abilities. Tim strives to retract people into project activities. Hence, notifying about a test, a young manger hoped that people would be more willing to take part in observations; however, Tim once again saw unexpected priorit ies of his employees. 2. Analyze the way in which

Strategic Management Paper Assignment Example | Topics and Well Written Essays - 1250 words

Strategic Management Paper - Assignment Example The value discipline approach was created by Michael Tracy and Fred Wiersema. The three value disciplines are operational excellence, product leadership, and customer intimacy. Operational excellence deals with having superb operations and executions and execution quality at a reasonable price (Valuebasedmanagement, 2011). This strategy is not aligned with the objectives of Auxilium Pharmaceutical. The company has two patented product one of them, Xiaflex, was introduced in 2011. The company must implement a retail price strategy for its drugs, thus selling cheap or at discounted price is not a possibility. Product leadership is associated with innovation and brand marketing in dynamic marketplaces. This approach would be very suitable for Auxilium Pharmaceutical. The company already has build up some brand value due to its 13 years of existence in the marketplace. The third value discipline is customer intimacy. This approach is achieved by providing superb customer service and cust omer attention. The use of this value discipline can help the company achieve long term growth. The second strategy that the company can consider to achieve growth is the use of a generic strategy. The generic growth strategy approach was developed by Michael Porter. The three generic strategies are cost leadership, differentiation, and focus strategy. Cost leadership implies attempting to become the market leader in terms of prices in your industry. A cost leadership strategy is not well suited for a pharmaceutical company that sells patented drugs. Drug companies have to invest at least $1.2 billion to develop a new drug. Pharmaceutical companies such as Auxilium Pharmaceutical are given 20 years of patent protection to be able to recover their investment and to obtain a reasonable profit. Auxilium Pharmaceutical should not pursue a cost leadership strategy. The second generic strategy is called differentiation. â€Å"A differentiation strategy calls for the development of a prod uct or service that offers unique attributes that are valued by customers and that customers perceive to be better than or different from the products of the competition† ( Mcraigh, 2011). This growth strategy is aligned with the mission, vision, and objectives of Auxilium Pharmaceutical. The third generic strategy is focus. Focus is a hybrid strategy that attempts to achieve both cost and differentiation. Such a strategy is suitable for large companies with multiple products. Auxilium Pharmaceutical only has two products the company is aggressively marketing. The third strategy that Auxilium Pharmaceutical may pursue is a grand strategy. A grand strategy can be defined as a comprehensive long term plan of actions by which a firm plans to change its long term objectives (Businessdictionary, 2011). Some of the ways a company can implement a grand strategy to achieve business growth are joint ventures, acquisition, strategic alliances, divesture and diversification. A joint vent ure occurs when went two or more companies unite forces to form a new single entity. Prior to China’s acceptance into the WTO in 2001 the only way for foreign companies to penetrate the Chinese market was to form joint ventures with Chinese state owned companies. Strategic alliances occur when two or more companies participate together in a project or business function. For instance in the airline industry it is common for companies to form strategic alliance