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In management strategic decision making involves great complexity, uncertainty and risk. Describe the strategic decision making process and consider the effects of bounded rationality and cognitive simplification on the performance of strategic decision makers.
Offering products or services which offer dissimilar advantages from competitors' and which are valued by purchasers.
what is the relationship between business strategy and operation strategy?
What Makes a Strategy a Winner? 1. Three questions are used to examine the merits of one strategy versus other & distinguish a winning strategy from a losing or mediocre str
Tools to influence social control Mission statements for example purpose and goals promoted. Reward for example linking remuneration with performance. Punishment
Transfer pricing is applied internally within a group for management accounting purposes e.g. to measure the performance of divisions. Increasing or decreasing an internal transf
Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure. Costs incurred after the customer has rec
The equivalent to competitive benefit in public services is Ans) Best value
Question 1: "Sometimes conflicts escalate, the atmosphere becomes charged with anger, frustration, resentment, mistrust, hostility, and a sense of futility....in such a confli
Employee behavioural controls 'Influencing the process of how staff work and behave'. Reward e.g. based on attitude or behaviour Dress code e.g. to ensure staff u
1. Identify and discuss strategic capabilities (resources and competences) of the chosen company using appropriate strategy tools and identify strengths and weaknesses for the firm
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