MBA 755 – Reflections on Module 3 Concepts.

Renewal Options Diagram
The renewal options diagrams allows me to look at the current position of each stakeholder and what possibilities can be determined based on specific factors for the product or service. This gives me a clearer picture of what needs to address and functionality for each renewal possibility.

Relevant Renewal Choices
The renewal choices for Hocking College would be to look at trends and developments in the job market to deliver quality education at the lowest prossible cost. Competition is high and there are many threats to the instituions of higher learning. These factors must be considered as managers look for ways to offset the shifts in market demand.

Factors Defining Renewal Choices
The factors that define a relistic renewal choice would be costs, quality, and the threat of new entrants into the marketplace. The renewal strategy that I would choose would be based upon these factors to define possible solutions to renewal.

Communicate Renewal Options
A Renewal Strategies Options Map would communicate renewal choices by a situational analysis of the current situation at all levels, local, national, and International. Creating a renewal possibilties map would give them a visual to see the breakdown for each stakeholder and how to redefine existing markets and create new markets for our product/service.

Life Situational Analysis
I could see using a situational anaylsis in my own life at work or as I continue in the MBA Program. Work and even school requires renewal at some point to give us options to work toward new possibilites to improve performance. AT work may situations arise that may be counter-productive, evaluating what is working and what may not be working would help guide me in a direction to improved performance and effective leadership. As far as the MBA program goes, the situational analysis may be a great tool to overcome obstacles and improve strategy to deal with barriers we face as a team or even as an individual.