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It depends on the specific organization. Each will have goals and objectives particular to themselves.

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Q: Identify the organization's current mission objectives and strategies?
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What best describes change management?

A structured approach to transitioning individuals, team, and organizations from a current state to a desired future state


Which best describes change management?

A structured approach to transitioning individuals, teams, and organizations from a current state to a desired future state


Explain the nature of management planning and control system relevant to strategy implementation?

Few managers realize that a company plan must provide the framework for the company control system. If missions, goals, strategies, objectives, and plans change, then controls should change. Unfortunately, they seldom do. Although this error occurs at the top, repercussions are felt at all levels. Often, too, the standards of the control systems are derived from previous years budgets rather than from current objectives of company plans The result is that employees at lower levels are simply given "numbers to make" based on factors of which they have little knowledge and over which they have practically no influence. The above schematic shows the important interrelationships between planning and control. As you can see, the control process does not begin after the entire planning process ends, as most managers believe. After objectives are set in the first step of the planning process, appropriate standards should be developed for them. Standards are units of measurement established to serve as a reference base and are useful in determining time lines, sequences of activities, scheduling, and allocation of resources. For example, if objectives are set and work is planned for 18 people on an assembly line, standards or reasonable expectations of performance from each person then need to be clearly established. Sujeet- PTU


Why strategic management is ongoing process?

ANSWER: Management may need to revise their current strategies due to: (1) Changes in the workplace (examples: a more diverse work force; inability to do certain jobs in-house with current personnel - need for outsourcing or training of current personnel); etc. (2) Changing economic conditions; (3) Changing needs of customers; (4) Changing demographics; (5) Increased or aggressive competition in your industry; (5) Changing vision or goals for your company; (6) etc.


What are the key actions used to develop controls and make decisions on risk control measures?

Identify control options, determine control effects, prioritize risk controls, and select controls. 1) Identify the risk. 2) Evaluate the risk in terms of the probability of that risk occurring and the impact it will have if it does occur. 3) Evaluate the Pros and Cons of the control measures you identify to mitigate that risk, i.e. weigh up if the control is worth the cost in money, effort, time, and whatever it is you stand to lose, fail at, reduce. 4) Last thing, ensure your control procedures are current and work with current market trends and practices as your controls may be "out of date" to newer risks from the same source. This requires research in the relevant market to identify those new risks (if any), which brings us back to the first point above. One last point, never be complacent or over confident and prepare for issues that you did not identify, so have funds readily available to cover/reduce the loss, failure, reduction, and to invest in a new control measure/procedure once the risk/issue has been dealt with.

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