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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec
What do you mean by psychological tests? Psychological Tests: These Tests are conducted along with a view to ascertaining the mental suitability of the candidate for perf
why
Define the Concept of Project Risk Audit Audit can be defined as an evaluation of a person, organisation, system, process, enterprise, project or product. Quality risk audit i
QUESTION a) Major project management activities have their operational specificities. List the distinguishing characteristics of a project? b) Project management faces a lot
What is the importance of man power planning in human resources management? Significance of Man Power Planning within Human Resources Management is as illustrated here: a. M
Process planning A process is any part of an organization that takes inputs and transforms them into outputs. The value the process generates is the difference between what t
Organizing Which is the process of grouping resources and activities in a logical fashion. The function of organizing involves: grouping similar activities together (depa
How is a network diagram constructed? A network (critical path) diagram constructed by: • Needs a pencil, ruler and 2P coin or some stencil otherwise coin for an ideal circl
DEVELOP A WORK BREAKDOWN STRUCTURE
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