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What is the role of CEO in strategic management of a firm?
Awaisamin7
- The CEO must understand that strategic management is his responsibility. Parts of this task, but certainly not all of it, can be delegated.
- The CEO is responsible for establishing a climate in the organization that is congenial to strategic management.
- The CEO is responsible for ensuring that the design of the process is appropriate to the unique characteristics of the company.
- The CEO is responsible for determining whether there should be a corporate planner. If so, the CEO generally should appoint the planner (or planners) and see that the office is located as close to that of the CEO as practical.
- The CEO must get involved in doing planning.
- The CEO should have face-to-face meetings with executives for making plans and should ensure that there is a proper evaluation of the plans and feedback to those making them.
The CEO is responsible for reporting the results of the strategic management process to the board of directors
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∙ 11y ago
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Why it is important for all business major to study strategic management as most students will never became a chief executive officer or even a top manager in a large company?
Strategic management takes place at multiple levels within an organization. Although most students may never become the CEO of a corporation, they may become the "branch manager" or department head of a larger firm. In these roles, they may be asked to complete a strategic plan for their branch or department. In addition, employees at all levels are frequently asked to contribute to the development of their firm's strategic plan. As a result, an understanding of the strategic-management process is important.
What is the difference between general management and strategic management?
The CEO usually delegates the strategy to his subordinates,so that when the strategy does not work,he can sack the strategist. If ,on the other hand,if the strategy actually works,the CEO will take full credit. Life can be cruel.
Who is the CEO of Waste Management?
David P. Steiner is the CEO of Waste Management.
Does the CEO outrank the President?
Within a larger commercial company are many upper management positions. Depending on the company the President could also be the CEO. However, the CEO never outranks the President.
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 are the roles and responsibilities in top management in a bank?
Following are the key responsibilities of Top management: 1. The CEO articulates a strategic vision for the corporation. 2. The CEO presents a role for others to identify with and to follow. 3. The CEO communicates high performance standards and also confidence in the followers' abilities to meet these standards.
Why it is important for all business major to study strategic management as most students will never became a chief executive officer or even a top manager in a large company?
Strategic management takes place at multiple levels within an organization. Although most students may never become the CEO of a corporation, they may become the "branch manager" or department head of a larger firm. In these roles, they may be asked to complete a strategic plan for their branch or department. In addition, employees at all levels are frequently asked to contribute to the development of their firm's strategic plan. As a result, an understanding of the strategic-management process is important.
What is the difference between general management and strategic management?
The CEO usually delegates the strategy to his subordinates,so that when the strategy does not work,he can sack the strategist. If ,on the other hand,if the strategy actually works,the CEO will take full credit. Life can be cruel.
Who is the CEO of Global Strategic Management in Tokyo?
Sherry Liu joins as Chairman of Asia and Vice Chairman of Global Investment Banking.
Difference between strategic marketing and strategic management?
Strategic management is the process of specifying an 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. It is the highest level of managerial activity, usually performed by an organization's Chief Executive Officer (CEO) and executive team. Strategic management provides overall direction to the enterprise. Strategic management is a combination of strategy formulation and strategy implementation. "Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to satisfy customers." Marketing management is a business discipline focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities. Marketing managers are often responsible for influencing the level, timing, and composition of customer demand in a manner that will achieve the company's objectives.
Who is the CEO of Waste Management?
David P. Steiner is the CEO of Waste Management.
What were some early changes Steve Ballmer made as CEO at Microsoft?
As CEO, Ballmer divided the company into seven operating divisions, worked to create systematic procedures for everything from product development to strategic planning to employee and management evaluation.
What is the CEO's role?
CEO is in charge of the Company.
What is the Salary of a CEO of an accounting firm?
$1
What is the Role of female CEO in multi national corporation?
Same as the role of a male CEO.
Which is better CA or CEO?
Obviously CEO. Since he/she holds the top most position in the firm.
What strategic decisions did William F. Hecht make in 2003 as CEO of PPL?
realigning the company's management and broadening the executive team in the process. His goal was to further sharpen the company's focus. This move, noted analysts, reflected Hecht's disciplined but opportunistic management style
