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Corporate Strategy:
A method for managing industries resources such that the organizations strengths are maximized and its weaknesses minimized in relation to its competitors within the same market. A corporate planning affects an organizations targets and objectives and the policies the company will form and follow to meet these goals and targets.
Corporate Vision:
The concept of what a business can be, beyond how it actually exists in the current, and the method for realizing the concept. At the time they entered the American market, executives at Honda had a company vision that Honda would be the number-one selling midsize car in America within 20 years of entering the market.
Capital Budgeting: Capital budgeting is the strategy for the purchase and management of long-term assets in organizations. A capital budget is usually equipped each year, and
Q. What is formal organization? An organization is created deliberately with common purpose and goal. It has a well established authoritative relationship amongst members.
PROCESS OF STRUCTURING The formal structure of an organisation is two dimensional-horizontal and vertical. The horizontal dimension depicts differentiation of the total org
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