Assignment #1 SMBC COLLEGE PDF

Title Assignment #1 SMBC COLLEGE
Author MACY GRAY MATARONG
Course Entrepreneurship
Institution Our Lady of Fatima University
Pages 2
File Size 80 KB
File Type PDF
Total Downloads 51
Total Views 155

Summary

ASSIGNMENT ESSAY SMBC COLLEGE 2021
ENTREP...


Description

Box1.1.1 (Answer) Box1.1.1 Provide a reaction as to which statement has deeply resonated with you and why. From the embedded picture above, I choose the quote “Advice is like mushroom. The wrong kind can prove fatal – Unknown” Because for me it is true, the word of mouth if two edge swords before we advise to someone or anyone, we should first thoroughly dissect the situation, the one who seek the advice, someone involve, and even the possible consequences that can encounter. Secrets are like teas; we need to be careful wherever we spill it because tea stains. Seek for advice for someone can undergo deep talk alongside with his/her deep-thinking capability, don’t open to someone that has mind like a puddle. Box1.1.2 How does the chosen statement of yours relate to management consulting. First, we must know what management consulting is, the profession of management consulting aims to assist businesses in improving their performance. Management consultants may help organizations for a variety of reasons, including obtaining external counsel and access to consultants' particular knowledge. Therefore, we can relate the quote Advice is like mushroom. The wrong kind can prove fatal – Unknown” because when we failed or by any chance someone gave false, wrong, or irrelevant advice to a business it cause death, not physical death but maybe bankruptcy or total lost. Best example here is the story of Nokia they follow the advice to stick with their plan to sell basic phone and rejects android operating system and the result is Apple left in dust the Nokia with their iPhone Series. Overall, my point is as businessman or entrepreneur we should seek information or advice to someone who have the credibility and have the experience for business, ask for second or third opinion if needed and make own study or strong research before to implement any decision.

Box1.2.1 (Answer) Box1.2.1 As a consultant what is the importance of determining the factors of a problem within the client’s organizations? My goal as a consultant is to help a company understand and intervene in the event of probable operational difficulties or within their work plan. The objective is to improve performance by making company strategies more useful. Determining the factors of the problem is very useful for me to advice that will satisfy my objective towards my client. Knowing the factors of the problem is very crucial I can compare it to a doctor knowing the history and the experience of the patient, for a doctor to give proper diagnosis they need those information same as to a consultant they should know first the factors of the problem to give proper advice.

Box1.2.2 As a consultant how can we apply the 7 principle of breakthrough thinking in adding value for our client’s organization? Principle of breakthrough thinking teaches business and marketing professionals the skills they need to sharpen their innovative thinking. It offers interactive teaching tools and exercises to help readers improve their creativity and learn how to use creative concepts and methods in their workplaces. It is important because it helps management consultants to provide external, objective advice and analysis of an organization that can be extremely beneficial. It helps consultants to provide a perspective that those within an organization cannot and, as a result, can address issues before they become problems and devise unique and creative solutions....


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