Question

FOR BUSINESS POLICY:

(Two questions from Chapter 11)

1. What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one is available internally and the company has a policy of promotion from within?

2. When should someone from outside a company be hired to manage the company or one of its business units?

Answer 1

1).For managing a business unit that follows a differentiation strategy, it is important that the manager or the CEO of the concern should have very good analytical skills. Examination and development are two key elements for a business uni having separation methodology. This methodology includes creating unmistakable item for dolifferent client portions, which means advancement must be at its crest all through the business cycle.

Since differentiation strategy address's niche market segment, it is important for the personnel at the top level to be innovative and analytical. Individuals or clients will dependably need to speed up new items and administrations, thus innovative believing is one of the imperative abilities that a man would have in a separation association.

If no one in the company has this skill then the company will have to identify the best available from the group by conducting various activities which will help them to evaluate the skills. Interior occupation advancements are one of the elements which help is maintenance of workers, henceforth it is essential that inside accessible aptitudes are first recognized legitimately and after that remunerated reasonably. This will give a sense of job security to the employees which will act as a key motivational factor.