The Personal development as strategic manager

The Personal development as strategic manager The course of acquisition of extra awareness, skills and understanding in order to get better the way you do your present job and your prediction of future service and endorsement, and, more commonly, to develop your individual talents and fulfil your individual potential. http://www.hrdictionary.com/definition/personal-development.html Strategic planning is a management tool, period. As with any management tool, it is used for one idea only: to help an association do a better job to focus its energy, to make sure that members of the organization are working toward the similar goals, to measure and regulate the organizations direction in response to a altering environment. In short, strategic planning is a well-organized effort to make basic decisions and actions that form and guide what an organization is, what it does, and why it does it, with a spotlight on the future. (Adapted from Brysons Strategic Planning in Public and Non profit Organizations and Strategic manager is a management quality of a manager to accomplish planned goals of the organization. individual development is essential in todays world as this is a planning process through which managers gain leadership skills and knowledge required to accomplish long term goals of the organization. the organization i have chosen for this report is tesco which is one of the world major in retail sector. Tesco is one of the major food retailers in the world, functioning around 2,318 stores and employing over 326,000 people. It provides online services through its additional, Tesco.com. The UK is the companys major market, where it operates under four banners of Extra, Superstore, Metro and Express. The company sells almost 40,000 food products, including garments and other non-food lines. The companys own-label goods (50 percent of sales) are at three levels, value, normal and finest. As well as expediency produce, many stores have gas stations, becoming one of Britains largest autonomous petrol retailers. Other retailing services offered include Tesco Personal Finance. Personal development as a strategic manager at tesco is a much emphasized area and i would discuss to recognize the personal skills essential of managers to attain planned ambitions of tesco. http://www.ivoryresearch.com/sample5.php 1.1 strategy direction of tesco first of all we have to define the strategy which is the mean through which goals are deliberately and steadily pursued and obtained over time. Now we will see what are the strategy direction of teso. worldwide growth, e.g. in USA with Fresh and Easy high quality food expediency stores Non-food (health and beauty; clothes; consumer electronics) Retailing services: on-line shopping; financial services incl. banking and car insurance; energy price evaluation Tesco mission and vision statement Giving customers what they want 24/7 About 30% UK market share Doubled group sales profits >  £2 bn Tripled number of stores to over 2600; increased Employee numbers to over 270,000 Sales to rest of Europe up to 13% of group sales; Asia: 11% Tesco strategic direction to achieve the strategic goals Organic in S. Korea Home plus chain of 138 hypermarkets and express stores -BUT lack of suitable partner frustrated intended entry into India Acquisitions : †¢E.g. of Co-op stores in Slough, Nottingham, South Shields †¢In S. Korea: Purchased 36 development based on standard PLUS selected tailored product ranges AND a range of formats -Collaborations: Tesco Mobile venture with O2; joint venture with Samsung Home ever discount hypermarkets from the E- Land group for  £958m (function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "https://www.scribd.com/javascripts/embed_code/inject.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(scribd, s); })() strategic skills required to achieve strategic ambitions Tesco plans to expand its Retailing Services Division including TPF, tesco.com and Tesco Telecom to GBP 1 billion in profit. In order to achieve this, Tesco may be considering launching mortgage products or even current accounts, viewing the current economic crisis as an opportunity to break into a highly competitive market. The retailer is also considering expanding the service into international markets such as China and South Korea. http://www.racplus.com/intelligence/retailers/tesco/tesco-strategy-and-forecast-overview/8601461.article leadership in any organization is very important to bring success and growth. so keeping this idea i mind Tesco is always take great care to produce great leaders to meet the current fast pace business environment and always devise the plans and strategies to develop its leaders for future needs and enable them to face the upcoming challenges of businesses.tesco knows that leaders are the source of inspiration and motivation of its employees and they are the people who have to take important decisions at crucial circumstances and also very important to achieve the strategic goals and without their proper in put success is almost impossible to get and so tesco is always up to the task and therefore it always run different programs and plans to improve the capabilities and skills of its employees so it can achieve its strategic objectives and take Tesco further to success and growth. now i would also discuss what are the important aspects or skills desirable to produce good leaders. Leadership involves many management skills, but generally as a secondary or background function of true leadership. Leadership instead relies most strongly on less tangible and less measurable things like trust, inspiration, attitude, decision-making, and personal character. These are not processes or skills or even necessarily the result of experience. They are facets of humanity, and are enabled mainly by the leaders character and especially his/her emotional reserves. Now we look some of the important qualities the leaders should have to get the assigned strategic goals which are Leaders should be good communicator and have to maintain all communication channels opened from top to bottom to effectively communicate the messages and strategies to make them successful They have to be problem solver rather than problem creator and should know well awared about the company policies and rules. The leaders should be good decisions makers and they should take right decision at right time without time delay because thats what they are there to do and trained for as well. They should have good interpersonal skills and good attitude towards the organization and employees as well. They should be very good as far as political skills are concerned and in other words they should see every matter tactfully and wisely and should aware what happening inside and outside the organization. Leaders should keep making or devise plans time to time to grow and produce new leaders and arrange different programs to improve their employees skills and make them ready for future prospects and make them ready for crucial times in order to empower them. Despite all these above qualities there are some other as well which good leaders should have which are as follows truth honest humility courage commitment sincerity passion confidence h.htttp://www.businessballs.com/leadership 1.3 relationship between existing, required and future skills to achieve the strategic ambitions of Tesco. Assessment of current skills and abilities .Tesco always take great care to produce and bring good Interpersonal skills, time management skills, ability to take initiative etc into its managers because these are very important for the success of the organization and always help to give it competitive edge on other organization. Skills required to achieving the strategic ambitions of tesco. Tesco always take serious actions to bring and develop Environmental scanning skills, ability to build alliances etc in its managers and also know that by doing so its market reputation will enhance and it would bring more profitability and success to the organization. Tesco always keep i n mind the Gap analysis i.e. analysis of the gap between existing and required skills to achieve strategic ambitions of the organization Assessment of future skills needed to achieve future goals Tesco tries to bring the Change management skill into its personal development programs through various trainings and know that it will be required in the future to achieve future goals of the organization . 2.1 Tesco opportunities to support leadership development Tesco Identifies development needs through various tools and methods as mentioned below To develop store structures to better meet the needs of both customers and staff  · To provide our leaders with coaching to support their teams better  · To get more people in to work more of the time  · To reduce our management vacancies down to a minimum. Benefits to Our People are our most important advantage, and important goal is to select and keep the best. We therefore offer our workers an striking benefits package, including flexible hours and leave, profit-share, an award-winning define benefit pension, discounted meals and childcare vouchers. Through our concession Card scheme, all staff with over 12 months service receive a10% discount on their shopping at Tesco. They are also able to take advantage of discounts at Tesco.com, on our financial products, holidays, gym membership, childcare vouchers and health cover. Each staff member receives a Benefits Book annually to explain all the benefits they can take advantage of, and a personal Benefits Report summarising their total package. http://inquiry.knowsley.gov.uk/Core%20Documents/CD%201.3.2%20(ii)%20Tesco%20Staff%20Develop%20Program.pdf Tesco SWOT analysis, 360 degree feedback analysis, psychometric assessment etc are another tools to support leadership development programs and play an important role for its success and effectiveness. Identifying the opportunities to support leadership development which includes the Educational opportunities, training opportunities, development opportunities, carer planning opportunities etc are also very important and vital to support the leadership development programs and tesco always take these things in board whatever the circumstances are there because without these tools its very difficult to achieve the desired strategic objectives. personal development plan to direct leadership development in my point of view its very crucial to Formulate personal development plan to direct leadership development and the main points to bear in mind doing so are to Conduct a skill audit, identify skills to be improved, devise activities to improve those skills, identify the resources to perform those activities, identify the measures to record progress, and work out a timeline because without all these elements it is not possible to make an impact on leadership development . the four steps we need to produce in our personal grooming plans. Recognize the some important areas in your life that you would like to improve. look at your thoughts, objectives and personal ambitions, what are the five (plus or minus two) important aspects in your life that you want to grow? What are those some important competencies that will have the biggest influence on your life, career or objectives? Search for means in these areas. List the resources that you may require to find that will help you in growing in each of the aspects youve recognized. This may comprise books, blogs, tapes, seminars or training to be there. List the means that you are going to explore to help you in your individual growth. Position away an hour a day devoted to your personal growth. You will require to make and hour each day implementing your development plan. This is a usual time set aside to spotlight on growing the areas recognized, used for understanding, writing and reflecting. Search mentor and make relationships with other rising people. This is one of the most undervalue aspect of personal growth. Relationships with rising people, will help you to develop more quickly than any other source I know. search for mentor to help and direct you in each of the important areas recognized, numerous mentors are usually improved than one, as its improbable youll be able to find a single person to help you in all your important areas. List the possible mentors and rising people that you are going to vigorously increase a relationship with. http://www..Net/2006/07/09/how-to-develop-yours-personal-growth-plan Tesco implementation process for the development plan the important aspects we have to keep in mind while devising or making implementation process for the development plan are Using a development log Identifying your key development goal Capturing leadership feedback Planning step to achieve your development goals Monitoring progress against goals Continuously reviewing and refining your approach to deliver superior performance Tesco uses all the above mentioned implementation processes to judge its development plans and make sure that each one of them is adhered and well executed during the process. 3.1 Assess the achievement of outcomes of the plan against original objectives The important things to analyse whether the achievement outcomes met with the designed are Assessing your PDP records and action plans Development need, objectives, outcomes, need met? Yes/no? With evidence, outcome, what went well?, what didnt?, what would I do differently next time? Now we discuss briefly the importance of pdp paln and its effectiveness in personal development program which is very important because it provide us the current progress comparison with the past and help out to change or amend policies at the right time to achieve the original goals and objectives and many good organization are already working on this so do tesco and it has ver good data base which gives it a competitive edge over other organization and enable it to track down its progress and help to make realistic and achieavable objectives for the future and this is one of the main cause of its success so far another important thing is the development need objectives outcomes which provide the answer in yes or no regarding our planning continuity and put a clear picture in front of us of our progress and as tesco has some set goals so these things help a lot to make them successful and fruitful for the organization. http://fec.slh.nhs.uk/gp/images/stories/documents/generalpractice/PDP%20Final%201%2010%2009.pdf the impact of the achievement of objectives on strategic ambitions tesco keep Demonstrating the impact of your achievement of objectives on organisation strategic ambitions and the key elements which keep influencing on the achievement of objectives to get the strategic ambitions are Development need e.g. aspirational visionary style Objectives e.g. i will develop a new vision statement for my organization Relevant strategic ambition e.g. a new strategic marketing plan to promote products into new markets Impact achieved? Yes/no? Evidence e.g. yes, new vision statement is integrated into marketing material; new customers are impressed by this new statement; new business has resulted in  £30k profit increase Research shows that of the six management styles, the futurist one is most efficient, powerful in every feature of environment. Take lucidity. The reliable leader is a futurist; he motivate people by building clear to them how their work fits into a larger image for the business. commanding leadership maximize assurance to the organizations objectives and plan. When he gives presentation feedback, whether positive or negative, the singular decisive factor is whether or not that presentation furthers the vision. The principles for success are clear to all, as are the rewards. Finally, futurist leaders give people the liberty to innovate, test, and take planned risks. Because of its positive brunt, the futurist style works well in almost any trade situation. But it is mainly effective when a business is floating. A futurist leader charts a new route and sells his people on a fresh long-term idea. But the method will not work in every condition. It fails, for example, when a leader is working with a group of experts or aristocrats who are more experienced than he is; they may see the leader as arrogant and out of touch. And if a manager trying to be commanding becomes haughty, he can demoralize the democratic spirit of an effective team. http://www.coachiates.com/leadersip.htm Review and update the leadership development plan Tesco always keep Reviewing and updating its plan in terms of progress Are all development needs met? Have all the development objectives been achieved? Have all the outcomes been assessed? Has the impact on strategic ambitions been evaluated? Existing development needs still to be auctioned Existing development objectives still to be auctioned New development needs identified New development objectives identified The above are few important things to note down specially to make a development plan and to answers these questions solve the mystery and help in achieving the desired goals and objectives needs of any organization or business changes with the time and requires update as when tesco was in its initial phases to start it works it felt the need that it requires to exopand as the demand of market was increasing and the same it did and kept doing and invested more money on development of the organization and people as well and it resulted out to be a great investment and now it got the status of one of the giant in reatail industry and still its focusing on the need and trying to be fitted in the same competive frame of mind to review and update leadership development plans which give it a great competitive advantage and put it in healthy competition. http://www.suite101.com/content/the-strategic-manager-a73941 4.1the impact of corporate and individual health and safety responsibilities on the Organisation. Tesco holds a very close and restrict monitor on its health and safety responsibilities because if the employees are fit and healthy than the company always holds the upper edge on the compeptitors and it proves a valuable asset for the company because of this reason tesco has defined a very good and effective health and safety policy and some of its benefits are mentioned below. Defining health and safety It is a cross-disciplinary area concerned with protecting the safety, health and welfare of people engaged in work or employment Health and safety responsibility on your organization Setting a health and safety policy and objectives Creating a suitable organizational culture Development and implementation of health and safety plan Monitoring, evaluation and review of plan Assessing the impact of health and safety responsibilities on your organisation Reduced costs and reduced risks Less employee absence and turnover rates Fewer accidents Reduced threat of legal action etc. tesco have a comprehensive risk management process to identify and minimise occupational health and safety risks across the business. We constantly monitor and review our performance and seek feedback from our people. Every store measures health and safety performance and reports on it three times a year through the Staff Forum. Safety campaigns are launched three times a year at Staff Forums to focus our people on how we can improve safety in our stores. http://www.tesco.com/csr/f/f2.html 4.2 organisational culture of quality on the achievement of strategic ambitions Tesco has organisational culture of quality on the achievement of strategic ambitions and some of its attributes are as follows. Promoting a health and safety quality culture Motivating, engaging and involving staff in health and safety issues Awareness about safety first etc. Estimating the impact of health and safety quality culture on achievement of your organizations strategic ambitions Accidents reduced by 35percent; Profit up by 8 percent, Sickness is below 3 percent etc. All this has helped the organization achieve its strategic ambition of promoting products into new markets etc. Because of all those things which have mentioned above tesco managed to remain a strong contender in the retail industry and would keep doing so as long as it would adhere these policies with continuity.

What is Leadership? :: Management

Depending on who you ask, you will receive get replies as to what leadership is all about. Is a leader: †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  someone who gets the job done? †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  someone who get other people to follow them? †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  someone who has great management skills? †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  someone who inspires people? The list could be longer, and the responses, as we mentioned, even more diverse, depending on whom you ask. Someone once said: â€Å"If you want to know if you are a leader, look around and see if anyone is following you†. Whilst this may be a good test in one sense, it is probably a too simplistic answer to the question. It is more likely to cause problems than provide an answer or a solution. To stop and look around when you have been going in a particular direction is fine if there are people following you; the problem arises when you look around and see that no one is following you! Kouzes and Posner mention in their book that there are five practices of exemplary leadership: †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Model the Way †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Inspired a Shared Vision †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Challenge the Process †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Enable Others to Act †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Encourage the Heart They have also conducted a survey across six continents to identify the characteristics of admired leaders, and it is interesting that the top four characteristics are: 1.  Ã‚  Ã‚  Ã‚  Ã‚  honest  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  88%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A93% 2.  Ã‚  Ã‚  Ã‚  Ã‚  forward-looking  Ã‚  Ã‚  Ã‚  Ã‚  71%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A83% 3.  Ã‚  Ã‚  Ã‚  Ã‚  competent  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  66%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A59% 4.  Ã‚  Ã‚  Ã‚  Ã‚  inspiring  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  65%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  A73% In the area of honesty, integrity and character were often linked together in people’s minds. Forward-looking was to do with a sense of direction, awareness of the future.

The Contract Between Chinese Teacher and Foreign Teacher

When I search on the Internet, there are a lot of news comes to my eyes; among them many of the news are about the Chinese education system or even the teachers. Around us, we always heard a lot of different comments of the Chinese teacher, and some of people like to make comparison between the Chinese and foreigner teachers. Now I am a student in the cooperated school, I have experienced the foreign teaching style, and learned from some teachers from America, I found there are really many differences between the Chinese teacher and the foreign teachers. To contract those teachers who come from China and abroad, I will describe on three aspects: what is the teaching style of them, how the attitude to the students and the last one is how they care about their students. The first difference is about the teaching style. That is also the biggest one in my mind, one is like a whip, and the other is like a road sign. As we know, almost all the Chinese teachers just give the lecture when they are teaching some knowledge to the students. If you walk around in some classrooms when the students having classes, you will see very similar scene that the teachers are standing on the teaching ground and talking, the students are just writing the notes as quickly as they can. Although they feel tiered, they cannot stop because of the anxiousness that they cannot follow the teachers. And for the Chinese students, after the class they have so much homework to do that the teacher left to them. On the contrary, the atmosphere of the foreign teachers’ classes is more easily. You always can hear that the students are discussing in the class. Because the teachers prefer to guide the students to find out the answer or learn the knowledge by themselves or within a team. Obviously, they do not like to leave so much homework to force the students to remember and repeat what they learn in the class, they are willing to take a self-help study. So the Chinese teachers like to be a whip and they want to force the students to study in their designed way, however, the foreign teachers act as a road sign that they can lead the students in a right direction and let them learn by themselves. Secondly, one of the differences between Chinese teachers and foreign teachers is how they care about the students. In my opinion, the Chinese teachers care about the students’ study achievements. But for the foreign teachers, they concern more about the students’ life and personality not only the study record. When I was in the middle school, I found what the most important thing the teacher concerned is only study. If a student feel upsad, the teacher always said make yourself better soon, do not affect your study. That seems like all the starting points for the teacher is good to study. However, the foreign teachers do not only care about the students’ study, in their mind, study is not so important, they care more about the students’ growth and personalities. They pay much attention to the development of students’ positive life attitude and good personalities. if a foreign teacher sees a worried student, this teacher is probably afraid whether the longtime bad mood can bring terrible impact on the student’s growth. Therefore, the foreign teacher care more about the students’ growth verses the Chinese teachers who just concern the study too much. The last one is the different attitude to the students who make some mistakes. The strictness is a very outstanding attribute for the Chinese teachers which is known by people. Especially when the students make some mistakes, they always treat them very strictly, even punish them. They think only the strict punishment and critic can let the students remember this lesson. On the contrary, few of the foreign teachers punish the students who make mistakes. They are more patient and try to let students know how serious the consequence is when they take such wrong action. To their opinion, everyone has the antagonistic mentality, too much punishment and critic only can stir up the hostility. That just makes the result more terrible or even has a bad influence on the students. Obviously the attitudes toward the students who make the mistakes are so different; the Chinese teachers prefer to choose a strict method to avoid the students to try it again. But for the foreign teachers, they are more friendly to get the permission that the students will not repeat this mistake. In the conclusion, the Chinese teachers are so different from the foreign teachers, such as different teaching style, different attitudes to the students and different treatment to the students’ study record. As a result, those make different characteristics of the students from different region, Chinese students always have strong basement in the academy, and however the foreign students are more creative.

Public School Licencing essays

Public School Licencing essays FOR POST SECONDARY EDUCATION INSTITUTIONS The purposes of the rules are: (a) To establish a procedure for the licensing of post secondary education institutions (colleges, universities, correspondence schools offering degrees, etc.) with the exception of the University of Wyoming and the Community Colleges of Wyoming (21-2-102 and 21-2-103) or any post-secondary post secondary education institution possessing current accreditation by a recognized and accepted accrediting agency. (b) To establish minimum standards for post secondary education institutions until accreditation by a recognized and accepted accrediting agency may be achieved. (c) To protect persons enrolled in a course of study in post secondary education These rules are promulgated pursuant to W.S. 21-2-401 and 403 of the Private School Licensing Act, and have been adopted by the Wyoming State Board of Education in accordance with the Wyoming Administrative Procedure Act (W.S. 16-3-101 through 16-3-115). They are effective upon filing with the Secretary of State. These rules govern the operation of all post secondary education institutions not accredited by a recognized and accepted accrediting agency as defined by rules of the Wyoming Department of Education, which are located within the state, or have their principal place of business out of state but do business in the state. These rules do not apply to any parochial, church, or religious school as defined by W.S. 21-4-101(a)(iv), home-based educational programs as defined by W.S. 21-4- BC 101(a)(v), aircraft flight training schools approved and authorized by the Federal Aviation Agency of the United States of America, or a school teaching techniques of outdoor recreation, leadership, ecology, or conservation domiciled in the state of Wyoming. nor do they apply to post secondary Instit accredited by a recognized and accepted accrediting agency ...

Uranium mining in Kakadu essays

Uranium mining in Kakadu essays The issue I am reporting on concerns the effect that uranium mining has on the Australian land that the local Aboriginal tribes own. There are many causes of this problem. One such cause is the mining companies views. They believe that they should mine the uranium because it could make huge profits for the Australian economy and because it will provide jobs for the local people. However the local Aboriginal tribes think that, while the money they are receiving as compensation from the mining companies is helping in many ways it has also disrupted their way of life and has made them forget the ways their culture is based on and around the land. In addition to these causes there is also a factor which will affect much more than the local tribes. This factor is the environmental side of the uranium mining. People believe that there is a high risk of radioactive wastes finding their way into the waterways. Especially in the Northern Territory because of the notorious wet season and its feared flood waters will bring the waste all over Australia. I have also thought of many solutions to this problem. One solution is that the mining companies should only be allowed to mine uranium on sites where there is not any local Aboriginal tribes connected to the land. The benefits of this solution are: the Aboriginal tribes will not be affected by the mining in any way and the mining companies will still make a profit for themselves and the economy. Another solution is to cease uranium mining altogether. Australia could find an alternative way to supply power. The benefits of this are: the Aboriginal tribes will not be pressured into letting their land be mined, there will be no need to fear of radioactive wastes escaping and the land will not be disrupted in any way. An alternate solution to the issue is to try and find a way to mine the uranium underground. If the mining companies could find a way to mi ...

Roaccutane Essay Example | Topics and Well Written Essays - 8000 words

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Market-Based Management - Case Study Example Boeing can seek to eliminate waste by streamlining processes while at the same time improving quality, empowering employees, responding fast to customer demand, and increasing profits. Boeing can thus embrace lean, which is an idea that advocates, designing, manufacturing, delivering and supporting products more effectively and at costs that are lower-while methodically identifying as well as eliminating waste-throughout the life cycle of the product. Lean utilizes the just-in-time system which provides external and internal customers with what they need, when they need it, and at the best possible low price. MBM will thus equip Boeing with an overall framework (paradigm) for understanding the firm’s problems. It will also assist Boeing in examining and evaluating the tools of total quality management, just-in-time inventory as well as other concepts for improving its performance. For Boeing to remain relevant and carry on as an aerospace pacesetter, win new businesses in addi tion to creating and maintaining jobs, it continuously must look for ways to make its planes cost-competitive. Boeing can integrate MBM with Value Driven Management (VDM) so as to arrive at better decision making in the company at all levels.VDM, for instance, acknowledges that top-down command in addition to control structures may not function properly, particularly in the big multibusiness corporation such as Boeing. VDM, therefore, calls upon managers to utilise value-based performance metrics so as to make better decisions.