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What are the common factors of any organisation?
people objectives structure management interactions and effects of the people in order to achieve objectives channelled and co-ordinated through structure directed and controlled via management
What is a management analysis?
Management analysis is a type of analysis used to examine the top-management strategies, short- and long-term objectives, organizational structure, and decision styles.
What is the corporate structure of dell computer corp?
CORPORATE STRUCTURE, GOVERNANCE,LEADERSHIP & STRATEGIC MANAGEMENTCorporate structure ……………………………….Business ethics………………………………………………..Leadership aspects…………………………………................Operating segments…………………………………………...Vision/Mission/Objectives……………………………………Approaches to business……………………………………….
What are the financial management objectives Describe it.?
Financial management objectives primarily focus on ensuring the efficient allocation and utilization of financial resources to maximize value for stakeholders. Key objectives include profitability, which aims to generate sufficient returns on investments; liquidity, ensuring the company can meet its short-term obligations; and solvency, maintaining a healthy capital structure to support long-term growth. Additionally, financial management seeks to minimize risks and enhance the overall financial stability and sustainability of the organization. These objectives guide decision-making and strategic planning to achieve financial success.
Structure follows strategy is called the principle of what?
"Structure follows strategy" is known as the principle of organizational design. It emphasizes creating a structure that aligns with an organization's strategic goals and objectives in order to increase efficiency and effectiveness.
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.
How can hierarchical structure help achieve organisational goals?
A hierarchical structure can help achieve organizational goals by clearly defining roles, responsibilities, and reporting relationships, which enhances accountability and efficiency. It facilitates effective communication and decision-making, allowing for a streamlined flow of information from top management to lower levels. Additionally, this structure supports better resource allocation and alignment of departmental objectives with the overall strategic goals of the organization. Ultimately, it fosters a sense of order and direction, motivating employees to work towards common objectives.
Which plan of the organization contains top management's decisions about the organization's mission goals strategy and structure?
The plan that encompasses top management's decisions about the organization's mission, goals, strategy, and structure is typically referred to as the strategic plan. This plan outlines the long-term vision for the organization, detailing how it intends to achieve its objectives and allocate resources effectively. It serves as a guiding framework for decision-making and aligns the organization's efforts across various levels.
What is the formal structure is discribed by management through?
Formal structure is the way that many organisation is organised by some with responsibility for managing the organisation. They also create the fromal structure that allows the organisation to meet the stated objectives.
What is the organisational structure of hdfc bank?
HDFC Bank operates with a hierarchical organizational structure that includes several key levels, such as the Board of Directors, senior management, and various functional departments. At the top, the Board oversees the bank’s overall strategy and governance. The senior management team, led by the Managing Director and CEO, handles day-to-day operations and strategic decisions. Below them, various departments like retail banking, wholesale banking, and risk management work to implement policies and drive the bank’s objectives.
First step in designing a management control system?
The first step in designing a management control system is to clearly define the organization's goals and objectives. This involves identifying key performance indicators (KPIs) that align with these objectives to measure progress effectively. Understanding the organizational structure and the external environment is also crucial, as it helps in tailoring the control system to the specific needs of the organization. Once these elements are established, the system can be designed to facilitate decision-making and ensure alignment with strategic goals.
Which element is not one of position management considerations when determining what is needed for an organization to accomplish the mission?
One element that is not typically considered in position management is the personal preferences of individual employees regarding their roles or responsibilities. Position management focuses on aligning organizational structure, workforce capabilities, and resource allocation with the organization's mission and goals, rather than catering to individual desires. Other factors, such as skills, competencies, and strategic objectives, are prioritized in this process.
