Applied Concept 1 Essay

Applied Concept Paper

Unit A: Chapters 2 & 3

Z23118483

MAN 4720

Global Strategy and Policy

Major: Hospitality Management

Alexandria Zacharias

2/16/15

Table of Contents

Executive Summary……….page 3

Abstracts……….pages 4 & 5

Concepts……….pages 6 & 7

Analysis……….pages 7 & 8

Conclusion……….page 9

Appendix A……….pages 10 & 11

Appendix B……….page 12

Executive Summary Main focus of this report is on the strategy formulation: Corporate Governance. The purpose for this paper is to consolidate the terms from the textbook with real world experiences happening in today’s society. Expanding the knowledge of the class material will help bring a new understanding of how to grow economically. As it states in Chapter 2 of the Strategic Management and Business Policy textbook, Corporate Governance is examined in terms of the roles, responsibilities, and interactions, of top management and the board of directors and includes the impact of Sarbanes – Oxley Act. Chapter 2 is the majority of where details of corporate governance are found that will help evaluate the concepts shown in this assignment. Key concepts that will be discussed in the assignment are Transformational Leaders, Agency theory, Stewardship Theory,

To implement the understanding of Corporate Governance, it is important to know that in determining the direction and performance of the corporation it is fundamenally governed by the board of directors overseeing top management, with the concurrence of the shareholders.

Considering the article established in abstracts about Steve Jobs, effective leadership as a CEO is most important when considering corporate governance, there must be implemented harsh strategic structure involved in order to be successful I believe. Having an influence on your employees and staff is crucial, you are the one to make an example in the coorporation, you can’t rely on others to do it for you.

Abstracts

1) Steve Jobs: Transformational Leader- He was extremely creative by beginning Apple computers at such a young age, but he continued to show his innovativeness and ability to create products unlike any other year after year. “Innovation distinguishes between a leader and a follower” – Steve Jobs. At the age of 21, he and Wozniac started Apple computers. Apple was extremely successful and became publicly traded in 1980.
2) H-P may have waited too long to spin off consumer units- Agency Theory article explains how HP’s revenue was flat and Revenue was flat at H-P's PC unit, where falling prices offset a 9% rise in unit shipments. In printing, sales were down 5%.That means neither major product line in the stand-alone consumer company that H-P wants to sell to investors is growing. Company executives said on a conference call that the printing unit's recent operating margins of just over 19% aren't sustainable. Sales in the company's corporate markets are also dropping. With its results and forecast both disappointing investors, H-P shares fell 6%. Now, considering the negative information, prospective buyers of shares in H-P's Given all this bad news, prospective buyers of shares in H-P's future consumer spin-off will likely look at that business with more skepticism.
3) Presidential Power - The stewardship theory- Unlike his immediate predecessors, Theodore Roosevelt came to the presidency with an expansive view of its power and an appetite to use it. Roosevelt also claimed success for presidential power in thwarting Germany in a crisis involving debts owed by Venezuela and for extorting a favorable boundary for Alaska at Canada's expense. In haste to build a canal at the Isthmus of Panama, he used executive power to order warships and marines to wrench a province from Colombia, a weak country unable to counter with either effective diplomacy or force. This attitude stemmed from Lincoln's exercise of executive power that Roosevelt adopted as his own and came to be

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