table with management theory. Strategy Looking at sales reports, you realize merchandise purchased at estate sales brings in a 200% profit and sells in 2 weeks while merchandise purchased from brokers yields only a 20% profit and takes 2 months to sell. As a result, you decide to buy all of your merchandise from estate sales from now on. You make sure that when you hire new people, you remember that workers grant managers their authority, not the other way around. You also look for workers who are skilled in cooperation, so they will work more effectively with others to make the organization successful. Watching your employees, you notice that Rebecca is the best. Every time customers come into the store, Rebecca smiles and greets them. You train all your employees to smile at people when they come into the store. You realize that customers who wear suits when they come into the store usually want to buy retro jeans, while customers who are wearing jeans tend to buy suits and evening attire. As a result, you instruct your employees to direct suit-wearers to jeans and to vening wear Scientific Management Human Relations Management Operations Management O Contingency Approach O
table with management theory. Strategy Looking at sales reports, you realize merchandise purchased at estate sales brings in a 200% profit and sells in 2 weeks while merchandise purchased from brokers yields only a 20% profit and takes 2 months to sell. As a result, you decide to buy all of your merchandise from estate sales from now on. You make sure that when you hire new people, you remember that workers grant managers their authority, not the other way around. You also look for workers who are skilled in cooperation, so they will work more effectively with others to make the organization successful. Watching your employees, you notice that Rebecca is the best. Every time customers come into the store, Rebecca smiles and greets them. You train all your employees to smile at people when they come into the store. You realize that customers who wear suits when they come into the store usually want to buy retro jeans, while customers who are wearing jeans tend to buy suits and evening attire. As a result, you instruct your employees to direct suit-wearers to jeans and to vening wear Scientific Management Human Relations Management Operations Management O Contingency Approach O
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section9.3: The Role Of Strategic Analysis In Formulating A Strategy
Problem 1CC: What strategic analysis tools from the previous chapter would a manager use when planning a strategy...
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Transcribed Image Text:Integrating management theories
Management at Work
You are the proud owner of a small vintage clothing store. Your store, Fantastic 40s, specializes in clothing from the 1940s. You have
four great employees, Rebecca, Rachel, Roberto, and Rafael. At first, business was good, but, recently, you have noticed that sales are
slipping, Puzzled, you turn to your management textbook for some ideas on how to turn things around.
Identify each management strategy in the following table with a management theory.
Scientific
Human
Relations
Operations
Contingency
Transcribed Image Text:50%
Identify each management strategy in the following table with a management theory.
Strategy
Looking at sales reports, you realize merchandise purchased at
estate sales brings in a 200% profit and sells in 2 weeks while
merchandise purchased from brokers yields only a 20% profit and
takes 2 months to sell. As a result, you decide to buy all of your
merchandise from estate sales from now on.
You make sure that when you hire new people, you remember
that workers grant managers their authority, not the other way
around. You also look for workers who are skilled in cooperation,
so they will work more effectively with others to make the
organization successful.
Watching your employees, you notice that Rebecca is the best.
Every time customers come into the store, Rebecca smiles and
greets them. You train all your employees to smile at people when
they come into the store.
You realize that customers who wear suits when they come into
the store usually want to buy retro jeans, while customers who
are wearing jeans tend to buy suits and evening attire. As a result,
you instruct your employees to direct suit-wearers to jeans and to
direct jeans wearers to evening wear.
Scientific
Management
Human
Relations
Management
Operations
Management
O
O
Contingency
Approach
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