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That is a very good question. But it is very hard to explain without the visualization of demonstration.
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Explain the levels of planning in marketing strategies?
Levels of StrategyFebruary 12, 2010 By Hitesh Bhasin Leave a CommentStrategy may operate at different levels of an organization -corporate level, business level, and functional level.Corporate Level StrategyCorporate level strategy occupies the highest level of strategic decision-making and covers actions dealing with the objective of the firm, acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance. Top management of the organization makes such decisions. The nature of strategic decisions tends to be value-oriented, conceptual and less concrete than decisions at the business or functional level.Business-Level Strategy.Business-level strategy is - applicable in those organizations, which have different businesses-and each business is treated as strategic business unit (SBU). The fundamental concept in SBU is to identify the discrete independent product/market segments served by an organization. Since each product/market segment has a distinct environment, a SBU is created for each such segment. For example, Reliance Industries Limited operates in textile fabrics, yarns, fibers, and a variety of petrochemical products. For each product group, the nature of market in terms of customers, competition, and marketing channel differs.There-fore, it requires different strategies for its different product groups. Thus, where SBU concept is applied, each SBU sets its own strategies to make the best use of its resources (its strategic advantages) given the environment it faces. At such a level, strategy is a comprehensive plan providing objectives for SBUs, allocation of re-sources among functional areas and coordination between them for making optimal contribution to the achievement of corporate-level objectives. Such strategies operate within the overall strategies of the organization. The corporate strategy sets the long-term objectives of the firm and the broad constraints and policies within which a SBU operates. The corporate level will help the SBU define its scope of operations and also limit or enhance the SBUs operations by the resources the corporate level assigns to it. There is a difference between corporate-level and business-level strategies.For example, Andrews says that in an organization of any size or diversity, corporate strategy usually applies to the whole enterprise, while business strategy, less comprehensive, defines the choice of product or service and market of individual business within the firm. In other words, business strategy relates to the 'how' and corporate strategy to the 'what'. Corporate strategy defines the business in which a company will compete preferably in a way that focuses resources to convert distinctive competence into competitive advantage.'Corporate strategy is not the sum total of business strategies of the corporation but it deals with different subject matter. While the corporation is concerned with and has impact on business strategy, the former is concerned with the shape and balancing of growth and renewal rather than in market execution.Functional-Level Strategy.Functional strategy, as is suggested by the title, relates to a single functional operation and the activities involved therein. Decisions at this level within the organization are often described as tactical. Such decisions are guided and constrained by some overall strategic considerations. Functional strategy deals with relatively restricted plan providing objectives for specific function, allocation of resources among different operations within that functional area and coordi-nation between them for optimal contribution to the achievement of the SBU and corporate-level objectives. Below the functional-level strategy, there may be operations level strategies as each function may be dividend into several sub functions. For example, marketing strategy, a functional strategy, can be subdivided into promotion, sales, distribution, pricing strategies with each sub function strategy contributing to functional strategy.
What is the difference between insurance policy renewal and insurance policy remarket?
Insurance policy is a contract in utmost good faith between a customer and a service provider wherein the customer is obliged to pay an agreed premium in lieu of which the service provider e.g. the Insurance Company will cover life and/or movable/immovable properties against unforeseen eventualities. Whereas insurance policy remarket is a different scenario. In this case, the Insurance Company wish to remarket a policy withdrawn in the past, in new form and outlook with new features/incentives embedded therein.
Is there any direction associated with the dot product of two vectors?
No. The dot product is also called the scalar product and therein lies the clue.
Is natural selection a process or a result of a process?
Natural selection is only the result of changing environments, mutation and the variation resulting therein. Natural selection is the process of adaptive change and the main mechanism of evolution that leads to speciation. Natural selection is a process as mutation and variation are grist to the mill of natural selection.
What 7 letter word has the words the there he in rein her here ere therein herein?
therein
How do you use therein in a sentence?
He never returned to his home-town, and therein lies a mystery.
What rhymes with therein?
barren
What actors and actresses appeared in Therein - 2012?
The cast of Therein - 2012 includes: Yotum Almor Rebecca Doran as Juniper
How many miles are therein a marathon?
26.2
How many angles are therein a rhombus?
Four.
How many ounces are therein a pound?
16
How many meter are therein km?
1000
Is therein a noun?
No. It is an adverb. It means "in that respect."
How many countries are therein the caribbean?
2
