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What should you do next? What are some of the options at your disposal to ensure that you do not alienate your colleagues? As the budget is limited and the number of projects in question is multiple, only the best projects which promise the maximum growth for the company can be selected. As the CIO of the firm, my Job is to keep the functional manager’s happy and motivated at all times. At the same time I cannot create a void between the sponsors and myself. We will write a custom essay sample on Questions or any similar topic only for you Order Now This type of situation creates a dilemma and needs to be dealt tactfully. As a next step I would: ) Conduct meetings with my functional managers and explain the situation such that there is no communication gap created b) Create a plan with them to help effectively sell their project to the sponsors c) Explain to them what made the other projects get selected over their projects. d) Help him identify what his project proposal lacked. 2) Are there any structural problems with the budgeting process at Performance Boards, Inc.? What improvements would you suggest for next year†if any? The performance board is tied down for budget and they need to allocate budgets to different projects. However, at a particular time, not all projects can be fulfilled. Thus only the projects best suited towards the organizations growth can be undertaken in the limited budget. However, the organization should undertake projects which will help sales. Since it is a manufacturing firm, â€Å"sales† is an important part of their business line. An increase in sales will lead help the organizations growth and increase in revenue. Performance Boards Inc. should prioritize their pillars when it comes to IT development. Since the industry is digitizing, IT priority in all departments should be created. As a strategy for next year, I would a) Create a plan where the parked projects could be prioritized. b) The project plans that are parked should simultaneously be worked upon to ensure that the plan is update as per industry. c) The departments which are the pillars of the organization and generate revenue should be put on the highest priority d) The departments which help in ensuring that the organization is still a good place to work should be placed next. e) The CIO must appoint other managers to help the departments develop a good project proposal which becomes difficult for the sponsors to ignore. The CIO should emphasize to the sponsors as to how long a particular project has been kept waiting and help the departmental projects get sanctioned. This will help him maintain relations with both the departmental managers and the sponsors. 1) Chargeback Chargeback is the mechanism by which a company charges for the amount of service that is provided by them. This model for revenue g eneration is used extensively in the cloud and Amazon runs it Web Services based on it. They charge a customer for the amount of resources that they consume on a monthly basis. For instance, a ustomer can start a virtual machine with amazon with a particular configuration at any time. The customer has the option to upgrade his subscription to a new one by paying the difference between the price initially paid and the actual price. By this, he gets an upgraded system. This is a classic example of a chargeback revenue model. 2) Allocation Allocation is a mechanism that many companies use to charge project teams for the services purchased by them. For instance, a company like Accenture which is a service based company has various projects running within. The company provides each team with a lot of infrastructure which is required for carrying out their tasks effectively. An example of this can be the helpdesk system which they have to provide assistance to the employees. The company charges the project team, a fixed price based on the number of employees on the project. Further, the project has to bear this cost irrespective whether it is used by the employees or not. Further, the number of times the helpdesk system can be used is not fixed. The employees are free to use it as many times as they need. 3) Overhead The distribution of costs incurred by the company to install information systems which are distributed equally to all departments are known as an overhead cost. Crouse hospital in Syracuse went ahead to build an information system to maintain EMR. They had to bear the entire cost of this system which was internally borne by the various departments within the hospital. Whether it be the Cardiology department or the Respiratory department, each department had to bear the same cost to get the EMR installed. This cost that was borne by the department was an overhead cost which was used to fund an information system. How to cite Questions, Papers Questions Free Essays Summarize your current level of responsibility and decision-making ability in your company. What role do you play in your organization’s strategy? What are your career goals for the next five years? What steps do you see yourself taking to achieve these goals? How will a UNC Kenan-Flagler MBA help you reach your goals? Although the levels of my responsibilities are not those typical of a non-degreed manager, I have worked twice as hard and derived much pride in an extremely successful management career despite not having a bachelors degree.. We will write a custom essay sample on Questions or any similar topic only for you Order Now In addition to promoting my sense of hard work I have over than 3 years of increasing management responsibility at Velocitel, I have been currently assigned overall responsibility of implementation and management of the companies supply chain as well as all subcontractor qualification and relationship management. I report directly to the President and Chief Operating Officer. As part of the overall senior management team, I own the Velocitel supply chain and purchasing. I interface with fortune 50 senior executive customers in the telecommunications industry space. My team comprises of 6 logistic managers and 4 warehouse managers, each managing a local presence in our largest territory markets. In the last three years I have been included in every major corporate strategy definition meeting, business analysis, and senior client interaction. I am often engaged by senior executives as an internal consultant for my strong problem-solving capabilities. In addition to becoming highly skilled at process risk consulting, I have also significantly improved my project management and ‘new service’ development abilities in the last three years. After graduating from UNC, I will seek to stay with my current firm as a senior executive or with its parent company in the business development group. In addition to providing me with an opportunity to apply what I have learned, it will expose me to the practical issues of new business creation and integration due to the company’s growth strategies. I have learned that an important part of being a manager is developing vision, knowing not only what my company is doing next month but also what you t it should do three years from now. Knowledge gained through courses like â€Å" Strategic Thinking and Change† and â€Å" Global Supply Chain Management†Ã¢â‚¬  will allow me to take these considerations into account, balancing it with reality. Five years after earning an MBA, I, I believe that I am ready to take the next step toward my dream of working for those less fortunate by becoming the CEO of a nonprofit or NGO, such as St. Boniface Haiti an organization I have had the pleasure of being involved with. I want to be the one that directs the course, creates a vision and executes it. A path of management roles in large NGO’s that focus on a business acumen will serve as the necessary ground for being an innovative leader hopefully leaving my mark on lives and the world,   I feel that UNC is the place to receive my Executive MBA education. The close community, the unique geographical location and the strong emphasis the MBA program has on team players and teamwork creates an atmosphere conducive to strong learning. This special trait reflects also in the UNC alumni community. Speaking to UNC Alumni, I was impressed with their willingness to go to great length to assist each other. 2. What are your primary strengths? What aspects of yourself would you like to improve? What do you hope to learn during the MBA for Executives Program that will help you refine your strengths and minimize your weaknesses? I am lucky enough to have experience leading projects dealing with establishment of new business units, and reorganization projects. I have a great deal of strength in dealing with strategic implementation projects. I bring with me diverse knowledge and experience of creating and managing change within an organization. I possess multi-dimensional leadership skills and have led various cross-functional teams in complex projects that streamlined business processes and added value. I am an open-minded person, a good team player and an excellent communicator. With work experience in third world countries, this gives me the benefit of seeing things from a broader perspective. This translates well into professionalism, strong values, and humility. I am sensitive to the fact that different people require different types of direction and treatment. Although I often work with diverse and challenging groups, I am generally able to reach consensus and create a shared vision and purpose. This allows me to establish team priorities and proactively set our mutual direction. I am working on being more assertive about my viewpoints; I attribute this lack of confidence to the absence of formal business training. Although I have improved a lot, I still need to be more effective in defending my ideas and getting my point across to executive management. I think time at UNC will guarantee the development of these skills. Finally, the gaps in my formal business training specifically in-depth knowledge of accounting and marketing. require me to ask more questions than my peers. Although I am comfortable with both additional training at UNC will surely address these areas of needed improvement. 3. MBA for Executives students learn a great deal from both the faculty and their classmates. At UNC, they are expected to contribute by interacting with classmates and faculty in study teams and in the classroom. How will you differentiate yourself from your classmates? Provide examples of your professional experiences that will distinguish you from your classmates and will provide valuable insights for them. 4. (Optional) what would you like to tell us that would help us evaluate your application? Or, what unique personal qualities or life experiences outside of work distinguish you from other applicants? How to cite Questions, Papers