0
what are THE SUCCESS FACTOR OF STRATEGIC MANAGEMENT IN AN ORGANIZATION?
Samrawit Atsebeha
management
Samrawit Atsebeha
Add your answer:
Earn +20 pts
Briefly explain the key success factors of total quality management?
While there are no predefined and universally agreed-upon key factors to the success of implementing TQM within an organization, there are few very common areas that have been touched by several researchers that appear to be critical. 1. Organizational Culture & Quality Management: The values, vision and strategic plan of an organization should be customer focused with clear and a well developed quality management system in order to successfully implement TQM. 2. Work Teams & Individual Employees An organization's structure with empowered, self-directed teams (consisting of cross-trained members) and the continuous development of its employees supports the smooth installation of TQM. 3. Supplier Management: Effective supplier management (quality standards, partnership agreements, etc...) is another highly agreed upon factor that did prove significant impact on the implementation of TQM. Other factors that have been discussed in different researches include top executive commitment to TQM, performance and results measurement/rewarding and process quality management.
Factors outside an organization that influence the effective management of personnel?
The external business environment influences how managers manage their personnel. Another factor that influence effective management of personnel is government regulations, such as employee laws.
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 importance does the critical success factor have in business?
The critical success factor in business is of great importance. One is able to create a common point of reference to help measure and direct the the success of their business. Critical Success Factors are those essential areas of activity that must be performed well to achieve the mission, objectives or goals for your business or project. Rockart defined CSFs as: "The limited number of areas in which results, if they are satisfactory, will ensure successful competitive performance for the organization. They are the few key areas where things must go right for the business to flourish. If results in these areas are not adequate, the organization's efforts for the period will be less than desired."
What are the factors affecting organizational culture?
Culture is "the specific collection of values and norms that are shared by people and groups in an organization". Culture of the organization depicts the back ground thought of the organization's owner. The basic factor which can affect the organization culture is the "Change". 1. Change of Management. 2. Change of strategies. 3. Change of business. 4. Change of Geographical location. 5. Change of employees.
Define competitive profile matrix?
The Competitive Profile Matrix (CPM) identifies a firm's major competitors and their particular strengths and weaknesses in relation to a sample firm's strategic positionCompetitive profile matrix is essential tool used in strategic management process, it contain all the important critical success factors of industry. Success factor can vary from industry to industry, every industry consider different success factor
Work flow and organization factor affecting CRM?
Workf low and organisation factor affecting customer relationship management
What factors might inhibit HRD managers from developing a strategic planning approach to training?
A factor that would inhibit a human resource director from developing a strategic planning approach is changes in the organization that have yet to be defined. It is highly important for them to do so when they are merging or acquiring another organization.
Briefly explain the key success factors of total quality management?
While there are no predefined and universally agreed-upon key factors to the success of implementing TQM within an organization, there are few very common areas that have been touched by several researchers that appear to be critical. 1. Organizational Culture & Quality Management: The values, vision and strategic plan of an organization should be customer focused with clear and a well developed quality management system in order to successfully implement TQM. 2. Work Teams & Individual Employees An organization's structure with empowered, self-directed teams (consisting of cross-trained members) and the continuous development of its employees supports the smooth installation of TQM. 3. Supplier Management: Effective supplier management (quality standards, partnership agreements, etc...) is another highly agreed upon factor that did prove significant impact on the implementation of TQM. Other factors that have been discussed in different researches include top executive commitment to TQM, performance and results measurement/rewarding and process quality management.
What are key success factor of textile industry?
key success factor of textile industry
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.
Factors outside an organization that influence the effective management of personnel?
The external business environment influences how managers manage their personnel. Another factor that influence effective management of personnel is government regulations, such as employee laws.
What are the success factore of e brokers?
Success factor of e broker
What are the factors that changed the primary role of Human Resources Management from a caretaker of records to a strategic factor?
During WWII: development of the personnel function; EE motivated by social and psychological factors, not just money
Sentence with the word factor?
One factor in his lack of success was his laziness.
What area has had the most success at x factor auditions?
London has had the most success.
What was a majotr factor of success in constantoples success?
They had a natural port in the Ancient world.
