Learning to decide. (Review).* Management: Strategy and Decision Making, online, 2002, SmartForce (888-395-0014, www.smartforce.com), $14-$25 per student per year for typical enterprise license. Today everyone in an organization needs to have some understanding of strategy. Decision making shows a similar trend. In command-and-control organizations, the people at the top called the shots. The competitive situation now changes so quickly in a high-speed high-speed adj. 1. Operated or designed for operation at high speed: a high-speed food processor. 2. Taking place at high speed: a high-speed chase. 3. global economy that companies depend on all their employees to make good decisions. Strategy and Decision-Making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from is segmented into four modules: Business-Level Strategy, Corporate-Level Strategy, The Nature of Decision Making, and Decision-Making Models. Business-Level Strategy covers Michael Porter's differentiation, overall cost leadership, and focus strategies as well as the Miles and Snow typology typology /ty·pol·o·gy/ (ti-pol´ah-je) the study of types; the science of classifying, as bacteria according to type. typology the study of types; the science of classifying, as bacteria according to type. of prospector, defender, analyzer analyzer /ana·ly·zer/ (an´ah-li?zer) 1. a Nicol prism attached to a polarizing apparatus which extinguishes the ray of light polarized by the polarizer. 2. , and reactor Reactor (electricity) A device for introducing an inductive reactance into a circuit. Inductive reactance x is a function of the product of frequency f and inductance L; thus, x = 2πfL. strategies. You also learn about the product life cycle. (Since the program covers Porter's concepts of strategy, I think it would be a good idea for the user to learn about Porter's five competitive forces as well.) Corporate-Level Strategy teaches the General Electric Business Screen and Boston Consulting Group Matrix. It talks about the advantages and disadvantages of related and unrelated diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. , strategic business units versus a single product business, and options for implementing strategies. The Nature of Decision Making covers a model process including recognition of a need, definition of the situation, and identification, assessment, and selection of alternatives. It distinguishes between programmed and nonprogrammed decisions and the conditions of decision making including certainty, uncertainty, and risk. Decision-Making Models includes the classical and administrative models that touch upon the rational and behavioral behavioral pertaining to behavior. behavioral disorders see vice. behavioral seizure see psychomotor seizure. aspects of decisions. The module shows the advantages and disadvantages of decision making groups including the interactive, Delphi, and nominal. During the program and at the end, you are asked multiple-choice questions to test your knowledge. I had some difficulty entering the course using the Internet Explorer Microsoft's Web browser, which comes with Windows starting with Windows 98. Commonly called "IE," versions for Mac and Unix are also available. Internet Explorer is the most widely used Web browser on the market. It has also been the browser engine in AOL's Internet access software. browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used . After I switched to Netscape, I had no further problems. Strategy and Decision Making offers a wealth of information. It uses real world examples to illustrate concepts and presents them in relation to the overall functions of a company. Once a company chooses a strategy, marketing, finance, operations, and other functions have to be aligned to execute the strategy. The course does not go into enough depth about execution, however. More details are needed to understand fully the implications of executing a strategy, for example, the need to hire the people who fit a strategy or to introduce appropriate financial controls or to target the right markets with marketing campaigns. But I had a more fundamental problem with the course. I felt that I could have learned the same material just as well by reading a textbook textbook Informatics A treatise on a particular subject. See Bible. . The repetitive presentation and limited interactivity wore me down, and I had to work up the energy to continue. Recommendation This course disappointed me. I had a hard time staying engaged because of the textbook format. However, I have studied strategy extensively and been involved with strategy planning in my career. It is possible that if I had more limited knowledge and experience, the course would be more interesting for me. The course content is extensive, the real world examples helpful, and the inclusion of strategy execution wise. Still, this course is only one step removed from print. Strategy and Decision Making product rating Holds user interest * Production quality ** Ease of navigation ** Interactivity * Value of content ** Instructional value * 1/2 Value for the money * 1/2 Overall rating * 1/2 **** Outstanding *** 1/2 Very good *** Good ** 1/2 Above average ** Average * 1/2 Below Average * Poor NA Not applicable NR Not rated (Usually not enough information) Tim Anderson Tim Anderson may be:
Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the strategy and execution, having worked at Amazon.com, Junglee (acquired by Amazon), Vicinity, and the Dialog Corporation. |
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