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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: Using the example of Back~to~Future International, a newly setup organization and taking advantage of in-house project management service as set out in Question (
Question: As a newly appointed rector of your school, you have received many complaints from students .It is your aim to " democratise quality ", that is to make quality contro
In order to adopt and initiate TQM within any organization it is necessary to understand the key elements. These elements which form the essential core of the TQM phil
Personnel Management Personnel Management refers to the process of procurement and management of the human resource that is needed to accomplish organization objectives. It is
Before the preliminary design has progressed further it should be subjected to a critical review by all those who are connected with the product such as quality engineers
What are the important phases of project management? The six phases of project management: Dividing a project within phases makes this possible to lead this in the best poss
Question 1 Differentiate between Commercial and Open Source ERPs software packages Question 2 For a successful MRP system three types of information are very essential. Descr
ST is the operations director of F Bakery. He is in the process of putting together a project plan for the introduction of a latest production plant that will enable the bakery to
How are the conceptual skills required for a successful manager? Conceptual skill is the capability to observe the organization as an entire, to recognize inter-relationships i
All the persons working in the organization ( inducing managers and workers ) should be involved in TQM operation if it is to serve its purpose fully. TQM is a strat
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