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QUESTION 1
Strategic Management is currently the core of business policy discipline everywhere
(a) Define Strategic Management
(b) Write short notes on the four important elements of Strategic Management
QUESTION 2
Nowadays no business enterprise can thrive on the profit motive alone for long and if it has to succeed, business must be conscious and alive to its social responsibility as well. What are the factors that have contributed to the growing concern of business for the welfare of society? Write short notes of each one of them
a) Way a suitable structure for a strategy plan that make sures appropriate participation from all stakeholders of an organization. b) Make criteria for reviewing potential option
Q. What do you mean by Controllable costs? Controllable costs Divisional variable (marginal) cost. Divisional 'specific' fixed cost e.g. Specifically incurred by
Q. Show the behavioural aspects when implementing budgets? The following behavioural aspects could arise when implementing budgets - Budgets seen as a 'penny pinching' e
A technique employed to help with deciding which software package to select.
Q. Methods for evaluating the performance of divisions? Profit based methods for evaluating the performance of divisions Operating profit (net profit) margin =
1 - Analyse the business factors that underpin the requirement for an e-strategy in an organisation. 2 - Talk about the benefits of e-commerce to an organisation.
Tasks: With your chosen scenario: o Briefly describe the initial structure - set baseline o Create a strategic project plan with: A strategic project analysis
What is Strategic Management
In management strategic decision making involves great complexity, uncertainty and risk. Describe the strategic decision making process and consider the effects of bounded rationa
groups and or teams will solve all the effectiveness and efficiency challenges facing the 21st century organisations.discuss
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