This assignment addressesthe two Modern Shed videos linked below & materials attached in following links andthese Ppt slidesCh 5 PowerPoint slides--refer to slides to answer Ch 5 assignment.pptxDownload Ch 5 PowerPoint slides--refer to slides to answer Ch 5 assignment.pptxwhich also are narrated in the Ch. 4 Ppt slides video. The videos and additional materials also are found in the following link. FYI: Our text, Ppt slides, additional attachments, andvideos & cases (below) are theonlysources you need.I design my own assignments.So, there is nothing on theinternetthat will substantially add to the assignment requirements.Donotwaste time looking for more information onModern Shedsituation.(In fact, answers or information from different sources willnotcount for points.) Chapters 5 & 15 Assignment Name: __________________________________________________________ FYI: All page numbers and Learning Objectives (LOs) refer to the required 10^th edition of our text. The 11^th edition has the same information but located on different pages. Contact me if you need assistance finding chapter information. Overview: This assignment mostly addresses the two Modern Shed videos/cases. All videos and related information are linked to Chapters 5 & 15 materials in Canvas. Our Assignment applies the steps of the Planning Process, Strategic Management Process, and Control Feedback Model to Modern Shed. Our Assignment applies the steps of the Planning Process, Strategic Management Process, Control Feedback Model, attached PowerPoint slides, and related chapter information to our Modern Shed videos. Step 1: DEVELOP the Plan. FYI: The attached PowerPoint (Ppt) slides reveal Modern Sheds organizational chart, the model of the Strategic Management Process that was included in previous editions of this text, and other information needed to answer the assignment questions. Contact Dr. Sutton if you have questions. As noted in the Chapter 5 video case, Modern Sheds initial mission was to design & build stylish, custom, prefabricated, backyard dwellings for nearly any purpose. 1. We focus on only one dimension (growth rate) of the corporate level strategies presented in the BCG Matrix (LO 5.10). This means we dont need to consider Modern Sheds percentage of the market share. Refer to PowerPoint (Ppt) slide #6 (attached) that describes the three traditional corporate level (grand) strategies. 1.A. Check the one single Grand Strategy (ppt slide #6) that Modern Shed is pursuing: __Stability, __Growth, or __Retrenchment Also explain 1-2 detailed reason(s) why Modern Shed appears to have adopted this one strategy. B. Check the one single Competitive Strategy (LO 5.11; Exhibit 5-10) that Modern Shed appears to be pursuing: __Differentiation __Focused Differentiation __Cost Leadership __Focused Cost Leadership Also explain 1-2 specific reason(s) why Modern Shed appears to have adopted this one competitive strategy. [Note: be sure to explain why you did (or did not) select focused for differentiation or cost leadership.] Now, refer to the SWOT in Ppt slide #11. FYI: The SWOT is guided by the organizations mission and strategies. The list of relevant factors in Modern Sheds external environment are presented in Ppt slide #9 & again in the SWOT in Ppt slide #11. The information in these slides was suggested by previous MGT 3000 students. The slides are provided to illustrate how relevant factors in the external environment translate to opportunities/threats and to save us from needing to create the short SWOT. 2.A. List 2-3 of Modern Sheds core competencies noted in the Internal Strengths found in SWOT (slide #11). B. Explain how Modern Shed benefits from each of 2-3 different Synergies noted in the Internal Strengths (found in the SWOT; refer to slides #10 & 11). (Hint: State each synergy you illustrate.) Cost: Market Power: Technology: Management Skills: C. Explain 2-3 reasons why these core competencies &/or synergies are important for Modern Sheds success (or not). Using our authors terms, do they create value for Modern Sheds customers or not. Steps 2 & 3: TRANSLATE the Plan AND PLAN Operations After Modern Shed developed a SWOT that was more comprehensive than the short SWOT presented in Ppt slide #11, Modern Shed revised their Mission to design & build stylish, custom, prefabricated backyard space-saving dwellings for nearly any purpose. (The Grand & Competitive strategies did not change but the new mission allowed them to take advantage of the new opportunity to create a new product line for home-&-garden expert that they added to SWOT.) 3.A. Explain if it was it a good or bad idea for Modern Shed to accept the order from TV Home-&-Garden expert which resulted in their broadening their mission at that time to be most any type of space-saving dwelling (& no longer limited to backyards). Answer this question by explaining 1-2 detailed reasons why you agree (or disagree) with their decision to accept the order and change their mission. (Hint: Expressing your opinion is fine if you support it with information based on the videos and cases. Speculating about their future with the new mission is also fine if based on videos/cases. FYI: as noted in the last Ppt slide, Modern Shed recently changed their mission again. That fact does not dictate a correct answer to this question. It just indicates the trend the above-noted change started. You are to explain if the initial decision to accept the order from the expert was good/bad) B. One characteristic of effective goals (noted in Exhibit 5.4) is for the goals to be challenging but realistic. Explain 1-2 detailed reason(s) why either the operational goal (addressing 3A) or the tactical goal both noted in Ppt Slide #16 would be considered a challenging stretch goal (or not). Both reasons must address the same goal. Step 4: EXECUTE the Plan 4. Briefly explain 2-3 way(s) Ryan decentralizes planning & implementation of their plans noted in videos. Step 5: MONITOR & Learn (Control) 5. Refer to Ppt slide #20 (Feedback Control Model) and slide #16 (Goals). State one way Modern Shed could (or does) implement each of 2-3 steps of the Feedback Control Model (numbered 1-4) for any one of the goals noted in slide #16. State the goal you address. [FYI: Part(s) of this answer can duplicate #5 or other answers.] Another way to answer this question is for you to apply the Feedback Control Model to one of your semester- or year-long school or work goals. For example, your strategic goal could be to Complete MGT 3000 with a specific grade (e.g., A, B, C) by December 2022. (FYI: I will not judge you on your grade or any other choice.) Step 1: Establish standards of performance. Step 2: Measure actual performance. Step 3: Compare performance to standards. Step 4: Take corrective action OR Do nothing or provide reinforcement. 6. Now, you address the concepts of effective goals (noted in Exhibit 5.4) as they relate to you through the New Manager Self-Test: Does Goal Setting Fit Your Style? (adapted from p. 185 in 10^th editionfull survey and instructions are not presented in the 11^th edition) Instructions: Mark your answers to the following questions as they apply to your work and/or study habits and youre your total score on survey. Indicate whether each item is Mostly True, Sometimes True, or Mostly False for you. Give yourself one point for each item you marked as Mostly True and Sometimes True. (NOTE: To make the scoring easier, #3 & #4 items are reworded from text. Rating choices also include sometimes true. Your total score is the sum of your Mostly True & Sometimes answers.)

Are you a good planner? Do you set goals & identify ways to accomplish them? This survey will help you understand how your work habits fit with making plans & setting goals.	Mostly True	Sometimes True	Mostly False
1.	I have clear, specific goals in several areas of my life.
2.	I have a definite outcome in life that I want to achieve.
3.	I prefer specific (detailed) goals over general (vague) goals.
4.	I work better with specific deadlines.
5.	I set aside time each day or week to plan my work.
6.	I am clear about the measures that indicate when I have achieved a goal.
7.	I work better when I set more challenging goals for myself.
8.	I help other people clarify and define their goals.
	SubTotals of Mostly True & Sometimes True answers
	Total (overall) score including both Mostly True & Sometimes True answers

Scoring and Interpretation: A total overall score of 5 or higher suggests a positive level of goal-setting behavior and good preparation for a new manager (and/or any employee) in an organization. If you scored 4 or less, you might want to evaluate and begin to change your goal-setting behavior. An important part of any managers job is setting goals, measuring results, and reviewing progress for the department, employees, and team members. These questions indicate the extent to which you have already adopted the disciplined use of goals in your life and work. But if you scored low, dont despair. Goal setting can be learned. Most organizations have goal-setting and review systems that managers use. Not everyone thrives under a disciplined goal-setting system, but as a new manager, setting goals and assessing results are tools that will enhance your influence. Research indicates that setting clear, specific, and challenging goals in key areas will produce better performance. Of course, it also is important to monitor the goals and adjust them when changes in the situation make adjustments necessary (refer to contingency planning for details). 6.B. Explain 1-2 reasons why one of the first three items (#1-3) is (or is not) relevant (or important) to your success. (Hint: Do not just restate the items in the self-test. Instead, give specific, detailed examples and answers.) 6.C. Now, explain 1-2 reasons why one of any other item (not #1-3) in the survey is (or is not) relevant (or important) to your success. Extra Credit (2 bonus points; OptionalNOT required) 7. Action Plan (Ppt slide #22). Assume that either the tactical goal or operational goal (found in Ppt slide #16) would be included in MBO or MBM. For one of these goals, provide what might be relevant information (listed below) for the Action Plan table found in Ppt slide #22. (Yes, you are guesstimating at what might be appropriate for each category. Its OK to be creative!) Additional examples of action plans are attached an above link. Another way to answer this question is for you to apply the following to one of your semester- or year-long school or work goals. For example, your SMART goal could be to Complete MGT 3000 with a specific grade (e.g., A, B, C) by May 2023. (FYI: You must state the actual grade or say passing grade for the goal to be specific. I will not judge you on your grade choice.)

Objective/goal Check which goal (in Ppt slide #16) you will be using for the following Action Plan: ___tactical goal or ___operational goal (No need to restate goaljust apply it to the following.) OR State your semester-long or year-long school or work goal. (FYI: The following information can duplicate previous answers when relevant.)

Tasks (State 2-3 things/tasks need to do to get started in achieving this goal.): Success Criteria (For one task noted above, state 1-2 ways could identify if successful in accomplishing each task.): Time Frame (State a due date for one task noted above.): Resources (Mention what or who can help complete one task noted above. State 2-3 specific different resources.): Be sure to contact me if you have any questions. Remember, the above makes sense to me because I created it. :>

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Chs-5-15-Assi....docx