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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.
IT is the ultimate goal in TQM and thus forms the focal element in TQM. The company should exceed the customer expectations and make him delighted. This means giving
Q. Concept Development and Testing in process of development? A concept is an elaborated version of the product idea. The concepts are developed to the extent of the new produc
Discuss the management part of project management
Consider the organisation which employs you or where you study. What is the culture of this organisation? Why does this have that exacting culture? What organisational culture woul
It is gradually recognised that culture, although difficult to measure precisely, it is a real and very powerful force in organisations. Organisational behaviour is related to cult
K e y performance indicators The key to success of a business is dependant on superior management information. Consequently while monitoring profitability and cash flows, a b
L Company, a manufacturer of family cars, has invested in a robotic painting system for its cars Ensuring the right quality of paintwork on each car is a critical success factor fo
Question: A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000
Directing (leading) This is the function concerned with influencing organizational members to carry out their assigned roles and activities. This function includes motivation,
Group Technology or Cellular Manufacturing (CM) Layout In group Technology /Cellular Manufacturing ( C M ) Machines are grouped into cells and the cells function somewhat like
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