2.Whatmakesagoodleader? Whatarethedifferencesbetweenmenandwomenleaders? a)Aneffectiveleaderisbynatureaself-confidentpersonwhohasthecouragetoovercomedoubts, uncertainties andfearswhilebeingupbeatevenbeyondofhim/herpersonallimitations,business constraints,oddappreciations andenvyofco-workers.Leadershouldbecharismatic,humble,decisive,motivating,opportunistic,sometimesunpredictable.
b)There arelotofstereotypesaboutdifferencesinhowmenandwomenwork.Mostpeople donotacceptwomenasbossesbecause theythink theyhaveaweakcharacter.Womenaremore relationshiporiented
atworkthanmen.Theyarealsousinganeasierandamorestraightforwardlanguage comparedwithmen.Thelanguage ofwomenis alsomoreemotional andflowery.So,whena womanis aheadofthe
companyit’smorelikelythatintheorganization there’llbethefeelingof“togetherness” andeven informalityand thelack of hierarchy.Itmakes theemployeesfeelprotected and work in
cosy/comfortableconditionswhichwillstimulatetheir efficiency.
Asfarasmenconcerned,theyare, asa rule, are physicallyandemotionallystrongerthanwomen.
Usuallyithelpstokeepsituation undercontrol.Mostofthetime,menarethebreadwinners.Theyworkreallyseriouslyand seethe world asitreally is-itis perfectleadership quality;therefore,menmakecorrectdecisionsquickly.
Butweshouldn’tforgetthatitisourpersonalitythatmakesuscompetent,notourgender.
3.Whatisthedifferencebetweenamanagerandaleader?
1) Firstofall,leadershipis apersonalitytraitwhereasmanageris ajob title.
2)Aleaderisaninspirational,passionateandproactiveprofessional whodueto his/hertalentis a
benchmarktootherco-workers, whowantsucceedlikethem andlearntobeinfluentialinthe enterprise’s framework.Aleaderhasthewillingnesstofeelhim/herencouragedandfaceproactivelyanykindof situationneverthelessoftheriskandcostinvolved.Additionally,atrueleaderhasnomatterhow challengingandtoughthesecouldbe.
Amanagerisanoperationaland/orfunctionaldrivenprofessionalwhosefocusisorientedtoensure operationalexcellenceinthoseoperationalissues,financialperformance,talentmanagementand marketingstrategiesrelevanttohis/hermanagerialfunction.
Managerstendtobereactive,blendinwiththeenvironment,keepthefuturethesameasthepresent,
maintainimage,keepwhattheyhave,andnotalwayscomfortablebeingaccountableforthe responsibilitiestheywield.
3) Some differences:
- Managers workinginthesystemandleadersworkingonthesystem;
-Managersreduceweaknessesandleadersamplifystrengths;
But, bothofthemworkingonprogress, on company’s prosperity. So,youneedboth.Botharerequired foreffectivecorporategrowth.
4.Aretheleadersbornoremade?
Ibelieve thatnothinginourlife comeseasily.Ifyou wanttoachieve smthsignificant,becomea
founderofanorganization,leadernotonlyofyourcompany,butofthepublicopinion,youshould make
great efforts.So,from mypointofview, leaders aremade ratherthanborn.But it’sundoubtfullythatleadershipis amatterofpersonality. To becomeleaderyoushould possess charisma andotherabove mentionedcharacteristics.
Unit 13. Innovation
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2. Whydodifferentindustrieshavedifferentlead-times?
3. Whatmaythelaunchofanewproductinvolve?
4. Howis Procter&Gamblerbetterthanitscompetitorsinterms ofinnovation?
1.WhatisthemainroleofR&D?
ThemainroleofResearchandDevelopmentdepartmentis provisionofresultsofscientific researchin
ordertodevelopnewproductsandimproveexistingones.Forexampletheinitialideaforacarwillbe
turnedintoaseriesofprototypesandtested.Insoftwaredevelopment,thefinal'prototype'isthebeta version,whichisbeta-tested.Pharmaceuticalgothroughaseriesoftrials.
2.Whydodifferentindustrieshavedifferentlead-times?
Differentindustrieshavedifferentlead-times,thetimebetweenconceptionandproductlaunch;anew drugmighttake10or15yearstodevelop. Inconsumergoods,marketresearchwillbeakeypartofthe developmentprocess,withfocusgroups:smallgroupsrepresentingcross-sections ofconsumerstalking
abouttheirreactions toproposeddesigns,andconsumersurveys.Aftermarketresearchtherecanbetrialrun ofproducts. After that therecan be researches ofconsumer’s reactions onthis product, researches of sales.Soallresearchesrequiredifferentperiodoftimefordifferentproducts.
3.Whatmaythelaunchofanewproductinvolve?
Thelaunchofanewproductmightinvolveanational,internationalorglobal rollout.Awell-oiledpublic
relationsmachinewillhavepreparedthewayforthenewproductbygettingtherequiredmedia
coverage,wherethetermsleadingedgeandstateoftheartwillperhapsappear.Anyteethingproblems willhopefullybeironedoutduringdevelopmentratherthanafterthelaunch.Theultimatenightmareis whenacompanyhastorecallproductsbecauseofdesigndefects.Thecoveragethismightgetistheleast welcomeimaginable.
4.HowisProcter&Gamblerbetterthanitscompetitorsintermsofinnovation?
AccordingtoLafley,theCEOofP&G,organicgrowth strengthens acompany’sabilitytoinnovate.
Organicgrowth–meaninggrowthfromcorebusinesses.Lafleyhasamodelforinnovatinginabig company:
1.One-on-oneconsumerresearch–marketersmustspendlotsoftimewithconsumersintheirhomes,watchingthewaystheyweartheir clothesandaskingthemabouttheirhabitsandfrustration.
2.Getemployeestoexchangeideas– employeesfromninecountriespostproblemsonaninternal website.CEOevaluatestheideasofemployeesandpresentsthebestfindingseachyear.
3.Stoptestingsomuch–Onecannotbut agreewith factthat puttingouta productcan'tbewithouttest-marketing.Butit’snecessarytoreduceproductlaunchtimefromlaboratorytoroll-out.
4. Givedesignersmorepower–it’snecessarythatdesigners wouldbeinvolvedinallaspectsofproduct development.
5.Knowwhatnot to do– accordingtoLafley,it’simpossibletoofferfatbonusesforinnovation ortohirestarsfromoutside.Managerswhofailtoshareideas simplydonotgetpromoted.
Unit 14.Competition
1. Whatarethemostcommoncompetitionpractices?
2. Whatis MichaelPorter’smodelofcompetitors’types?
3. Whyis Nokianolongertheleaderinthemobile phonemarket?
4. Whyaresomeproductsunsuitableforforeignmarkets?
1.Whatarethemostcommoncompetitionpractices?
Competition betweencompaniescan betough,aggressive,evenferocious or cut-throat.Firmsmay
accuse eachotherofusingunfairmethods suchasdumping,wherea competitor(usuallyforeign)sells
productsforlessthanwhattheycosttoproduce,oratlessthanthepricechargedinthehomemarket. Firmsdumpinordertobuildmarketshareandrecouptheirlosseslaterwhen,havingestablished
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themselves tobenefitfromeconomiesofscale (producinginlargerquantitiessothatthe costofeachunit goesdown),theyareabletochargemarketpriceswithahealthyprofitmarginoneachunitsold.Competition canalsobegentlemanlyorevencosy,socosythatcompaniesmaybe accusedofforming a carteltoagreeonpricesinapricefixingarrangement.Theymaythenbeinvestigatedbyagovernment departmentthatlooksintounfairtradingpractices.
Competitorsmayalsoenterintootherperfectlylegitimateformsofcooperation,suchasjointventures forspecificprojects.Theymayeventalkaboutstrategic alliances.But likemergers,these cangoawryandleadtorecriminationbetweentheerstwhilepartners.
2.WhatisMichaelPorter’smodelofcompetitors’types?
MichaelPorter'smodelcontaining:
•cost-leaders,whoare low-costproducers with abroadscopeandcostadvantage,appealing tomany
industrysegments(manygroupsofbuyerswithdifferentneeds)
•differentiators,whoappealtobuyerswhoarelookingforparticularproductattributes
(characteristics)andpositionthemselvesasthemostabletomeetthoseneeds
•focussers,whoconcentrateononeparticularsegmentandtrytofindcompetitiveadvantageby
satisfying theneeds ofbuyersinthatsegmentbetterthananyone else.Focussers are,ineffect,nichers.These are the available choices,accordingtoPorter,that acommercialorganisationhasifitwantsto competeeffectively,andnotget'stuckinthemiddle'.
3.WhyisNokianolongertheleaderinthemobilephonemarket?
AlthoughNokia'sshareoftheglobalmarketformobilehandsetsismorethancompetitor’sshare,but
Samsunghasmomentum.Samsung's cameraphones,with twistingflip-upscreens thatallowuserstotake, sendanddisplayphotosquicklyandeasily,arehot;Nokia's arenot. Thehigh endofthemarket- phonesthatretailfor$300ormoreintheUS-isnolongerNokia's. Samsungmakestheexpensive cameraphonethatayoungconsumerwantstohave.Design shouldbeNokia's strength,sinceitovertook Motorolabyturninghandsetsintohandsomeanddesirableconsumergoods,ratherthantechnological objects.But initsrecentmodels,Nokiaforgotthefirstrule ofmodernistdesign -that formfollowsfunction.Instead,ithasplacedmostemphasis on makingitshandsetscolourful andzappy,with snap-oncovers.AndofcoursethemainNokia’s disadvantageis sizeofhandsets.Itis ratherbigincomparisonwithSamsung.
Samsunghasmainadvantage–itis thefactthatitis willingtopayhigh pricesfordevelopmentnew
electronicdevices.
4.Whyaresomeproductsunsuitablefor foreignmarkets?
Nowadaysmanynewhightechproductsappearonworldmarket.Producersoftheseproductstryto
distributethemintodifferentcountriesinordertoincreaseprofitsbuttheydonottakeforeignconditions
andtraditionsintoaccount.ForexampleJapanese robot-toys.IntheRussianmarketsuchtoyshaven’t greatdemand.Maybebecauseofratherhighprice.ButalsomaybebecauseofRussianmentality,habits
–weliketocommunicatenotwithrobotpetsbutwithalivepets.
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