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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.
Q. How do I best control cost? Several people think that they are controlling cost when they approve invoices or sign cheques. In fact the cost is already long since committed
3. What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently based on the unique personalities of different
The Buddha had said that an individual is free to think and decide on his own and at the same time he is responsible for his own actions. Organisations are about individuals; they
Total Quality Management (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing,
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
Illustrates the Project Evaluation and Review Techniques? PERT (Project Evaluation and Review Techniques): The technique of PERT helps provide better time evaluation for
Internal and external customers: The library shall be functioning as a "learning and resource centre" in its efforts to stay abreast of changes in its internal and external en
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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
The individual is a central feature of organisational behavior and a necessary part of any behavioral situation. According to the study findings, that organisational value has help
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