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Thread: Principles of Management (MGT503) Assignment # 1 Solution Fall November 2014

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    Principles of Management (MGT503) Assignment # 1 Solution Fall November 2014

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    Principles of Management (MGT503) Assignment # 1 Due Date: Nov 26, 2014 Marks: 10

    For well over a century and half the Martin Guitar Company (established in 1883) of
    Pennsylvania, USA has been providing audio instruments, considered to be among
    the finest in the world. Specially a Martin guitar, which can cost more than $10,000.
    The company has managed to defy the odds and survive through six generations.
    Current CEO, Chris continues to be committed to the guitar maker’s craft. He even
    travels to Martin dealerships around the world to hold instructional clinics to train,
    educate and for feedback. Few companies can compete the brand power of Martin
    Guitar, why? and what are the keys to the company’s success? A primary one has to
    be the managerial guidance and skills of a talented leader who has kept organizational
    members focused on important issues such as quality.
    “A good guitar cannot be built for the price of a poor one”. Almost hundred years
    later, this statement is still an accurate expression of the company’s philosophy.
    Although, the company is firmly rooted in its past, Chris was not reluctant to take the
    company in new directions. For instance, in the late 1990s, he made the bold decision
    to start selling guitars in the under $800 market segment. This segment accounts for
    65% of the guitar industry’s sales. The company new guitar model “DXM” was
    introduced in 1998. Although, it didn’t look, smell, or feel like the company’s pricier
    models, customers claimed it had a better sound than other instruments in that price
    range. Chris justified his decision by saying that “if Martin just worships its past
    without trying anything new, there won’t be a Martin left to worship”.
    The company is doing well under Chris’ management. Revenues have continued to
    increase and in 2014 were close to $60 million. The manufacturing facility was
    expanded and new guitar models continue to be introduced. Employees describe his
    management style as friendly and personal, yet firm and direct. Although Martin
    Guitar Company continue to spread its wings in new directions, it hasn’t lost sight of
    the commitment to making the absolute finest products it can and under Chris’s
    Question:
    What management roles would Chris is playing as he (a) visits Martin dealerships
    around the world, (b) assesses the feasibility of new guitar models, and (c) keeps
    employees focused on the company’s long standing principles? Explain your choices.

    Untitled.jpg


    INSTRUCTIONS:
     Just identify the Role and its explanation in the table. No subject or theoretical
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  3. #2
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    Join Date
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    Dear POLCA is Management Function not a role...
    The role is given below read the text and then decide which role the person in the assignment played.
    The Roles

    Mintzberg published his Ten Management Roles in his book, "Mintzberg on Management: Inside our Strange World of Organizations," in 1990.
    The ten roles are:

    1. Figurehead.
    2. Leader.
    3. Liaison.
    4. Monitor.
    5. Disseminator.
    6. Spokesperson.
    7. Entrepreneur.
    8. Disturbance Handler.
    9. Resource Allocator.
    10. Negotiator.





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