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What Is Strategy & Why Strategy Is Important?
Managers at all companies facade three innermost questions in view strategically concerning their companies' current circumstances & scenario: Where are we at the moment? -concerns the ins &outs of the companies present condition - its market rank, how appealing its products or services are to consumers, the competitive pressures it confronts, its strengths & weaknesses, & its current performance - Where do we want to go?-deals with the method in which management believes the company should be headed in conditions of growing the business & strengthening the companies market standing & financial performance in the years forward - How will we get there? - Concerns crafting & implementing a strategy to obtain the companies from where it is to where it wants to go.
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
1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co
Excel is often used to perform "what-if" analyses. In these, a model that depends on a number of variables is constructed, and the outcomes predicted by the model are determined fo
Q. Dynamic performance management process? The beyond budgeting approach should lead to A more dynamic performance management process that will enable organisations
Whether an organization has the resources and competences to deliver a plan
Protecting and strengthening the organization's position in its present markets by its current products
what have you learnt about business strategy?
Q. Define Market value added? MVA is an external measure of shareholder wealth, the market value added from one period to another. It is measured by the taking the rise in the
The company is now aggressively working towards being the largest retail chain in the country and also being first in profitability. At the same time the company is exploring maki
Option A. Identify, analyze, and diagnose a current and significant organization problem or objective that directly involves any one or more of the following organizational be
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