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Q. Neely's 4Cs in performance measurement
1. Check position e.g. where are we now?
2. Communicate position e.g. to internal and external stakeholders.
3. Confirm priorities e.g. focus on goals that are viewed as more important.
4. Compel progress e.g. enhance performance through motivation and reward.
Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in
Explain What still matters in strategic management lies in the value of planning? Ans) There is an old saying that if you fail to plan, you are planning to fail. By acting on th
EIGHT STAGE PROCESS
Why are Crafting & Executing Strategy Important? 1. Crafting & executing strategy are the top managerial tasks for two very large motives:- (a). Here, compelling requirem
If in a given year a company spends $2 million on new product development, design, and engineering for its entry-level camera line; $4 million on new product development, design, a
what are the ethics of strategic management?
Q. Show the Advantages of reward systems? ¸ Motivation can be heightened e.g. performance enhanced if paid by results. ¸ can inspire creativity e.g. bonuses paid for staff
What Is Strategy? 1. A company's strategy is management's game plan for how to grow up the business, how to attract & please customers, how to compete effectively, how to cond
what are the advantages of using tha general nine electric model
A) Producing new and better products or services B) Substitution of require by a related product or service C) Displacing consumer spending into latest unrelated products and
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