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How does hierarchy enable an organisation to achieve its goals and objectives?
Wiki User
∙ 9y ago
A company's hierarchy affects how goals and strategies are pursued because of leadership. With a wide hierarchy, an organization gives more freedom and empowerment to their employees, allowing them to be more creative.
Wiki User
∙ 9y ago
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What is strategic information management and why is it important in organisation?
Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It is the process of specifying the http://www.answers.com/topic/organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. Strategic management, therefore, combines the activities of the various functional areas of a business to achieve organizational objectives. It is the highest level of managerial activity, usually formulated by the http://www.answers.com/topic/board-of-directors and performed by the organization's http://www.answers.com/topic/chief-executive-officer (CEO) and executive http://www.answers.com/topic/team. Strategic management provides overall direction` to the enterprise and is closely related to the field of http://www.answers.com/topic/organizational-studies. courtesy : http://www.answers.com
What is SAP's mission statement?
"To be a pioneer and leader in the creation and delivery of valued solutions for strategic business processes that enable our customers' realization of their business goals and objectives."
What is organisational goal?
Organisational goals explain how an organisation intends to go about achieving its mission. For example, a car manufacturer might identify its mission as increasing market share and making a profit. Establishing goals of introducing a new model of car each year and providing the highest-quality spare parts to customers will enable it to achieve that mission.
Benefits of the Principles of Scientific Management principles to an organisation management in its management practices?
managers get indication on how to manage an organization. The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management.
What are strategic management processes?
Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It is the process of specifying the organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. Strategic management, therefore, combines the activities of the various functional areas of a business to achieve organizational objectives. It is the highest level of managerial activity, usually formulated by the BOD and performed by the organization's CEO and executive team. Strategic management provides overall direction` to the enterprise. "Strategic management is an ongoing process that assesses the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment." (Lamb, 1984)http://www.answers.com/topic/strategic-management?cat=biz-fin#wp-_note-1 Strategic management is a combination of three main processes which are as following: * Performing a situation analysis, self-evaluation and competitor analysis: both internal and external; both micro-environmental and macro-environmental. * Concurrent with this assessment, objectives are set. This involves crafting vision statements (long term view of a possible future), mission statements (the role that the organization gives itself in society), overall corporate objectives (both financial and strategic), strategic business unit objectives (both financial and strategic), and tactical objectives. * These objectives should, in the light of the situation analysis, suggest a strategic plan. The plan provides the details of how to achieve these objectives. This three-step strategy formulation process is sometimes referred to as determining where you are now, determining where you want to go, and then determining how to get there. These three questions are the essence of strategic planning. * Allocation of sufficient resources (financial, personnel, time, technology support) * Establishing a chain of command or some alternative structure (such as cross functional teams) * Assigning responsibility of specific tasks or processes to specific individuals or groups * It also involves managing the process. This includes monitoring results, comparing to benchmarks and best practices, evaluating the efficacy and efficiency of the process, controlling for variances, and making adjustments to the process as necessary. * When implementing specific programs, this involves acquiring the requisite resources, developing the process, training, process testing, documentation, and integration with (and/or conversion from) legacy processes. * Measuring the effectiveness of the organizational strategy.The strategic management process is quite complex as it entails a number of philosophical approaches to business. This will factor in all the variables that may affect a business and will be used for strategic planning.
What is strategic information management and why is it important in organisation?
Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It is the process of specifying the http://www.answers.com/topic/organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. Strategic management, therefore, combines the activities of the various functional areas of a business to achieve organizational objectives. It is the highest level of managerial activity, usually formulated by the http://www.answers.com/topic/board-of-directors and performed by the organization's http://www.answers.com/topic/chief-executive-officer (CEO) and executive http://www.answers.com/topic/team. Strategic management provides overall direction` to the enterprise and is closely related to the field of http://www.answers.com/topic/organizational-studies. courtesy : http://www.answers.com
How do you development goals which describe skills you will work on that will enable you to achieve your objectives?
Firstly goals must be S.M.A.R.T. Specific, Measurable, Achievable, Realistic, Time-framed. using this should help you
What is the main types of information gathered to enable the organisation to function on a day to day basis?
fcscs
What is the difference between shopper marketing and trade marketing?
Shopper marketing is to enable the particular brand to achieve its target, whereas Trade marketing is to enable the dealers to achieve their target.
What will enable you to achieve success in honors courses?
you have to have a smart brain and be responsible
What are XML objectives?
the objective of xml is to enable to be transported and viewed consistently over the internet. liquid-technologies.com/xml.aspx
Objectives of unit trust of India?
The Unit Trust of India has two main objectives. They are to encourage savings in middle and low income groups and to enable these groups to share in the industrial development of the country.
What is cooperatives objectives?
to enable farmers to purchase supplies at a lower price
Explain what is meant by a hierarchy of needs and provide examples of one or more products that might enable you to satisfy each of the four levels of need?
psychological needs;
How do different hardware components enable hierarchy in a network?
by the layer hierarchy that is made by the software and hardware . ex: two lan card has a well known system to recognize the packets and process it . and give the reslut to the pc. and by the herarchy . mean ( the protocols ) they will connect and communicate with each other .
Scope and objectives of audit?
The scope is what you are going to cover such as time period and departments. Objectives is what you are trying to achieve. Example: check for compliance with state regulations.AnswerScope and objectives of audit Answer:1. An unbiased examination and evaluation of the financial statements of an organization. It can be done internally (by employees of the organization) or externally (by an outside firm).2. An IRS examination of a taxpayer's return or other transactions. The IRS performs this examination to verify the accuracy of these filings.SCOPE:Scope of audit means the audit procedures deemed necessary to achieve the objective of an audit.OBJECTIVE:The objective of an audit of financial statements is to 'enable the auditor to express an opinion' whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
Why are financial statements important to a struggling organization?
1. To enable full disclosure of the financial position and performance of the organisation including the fact that it is struggling 2. To enable lenders in deciding whether to continue to finance the organisation 3. To let the creditors know that there is a possibility that you won't get your money 4. To enable investors to make informed investing decisions 5. To let the tax authorities and regulators know whats happening 6. To let the auditors know that there is a possibility of fraud and misuse of assets
